Many types of bank accounts cover pretty much everything that people look for – from checking and brokerage to savings. But what about the basics? That’s right, today we’re talking business and merchant accounts! You see, not all clients sure, if they are required to have both these accounts, and what are their purpose. That’s what we talk about in this article. What is a merchant account? Do you need one for a business? A merchant account is a type of bank account that allows companies to accept electronic payment transactions for their goods and services. So, if you are
Due to the issues of our banking partner, Genome is facing an unfortunate update related to SWIFT.
For this reason, starting May 21st, Genome will not be able to accept and process any new requests for SWIFT transfers and currency exchange.
We are deeply sorry for the inconvenience, but we want to assure you that it is a temporary problem Genome is trying to resolve ASAP. Rest assured that we will inform you as soon as the issue is fixed.
Meanwhile the SEPA transfers are still at your disposal and will be handled with no delays, as well as other Genome services. You can always contact the Genome’s support team if you have any further questions, and they will gladly address all your concerns.