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SWIFT transfers are an essential part of your banking experience. But as with any service, you can face problems when sending money using SWIFT.  This time, Genome’s team will describe the main problems that can occur when making a SWIFT transfer, so you can be aware of them and, in some cases, avoid them. Problems you can face during SWIFT wire transfers Bank SWIFT transfers timeframes The timeframes of SWIFT transfers are usually the part people complain about the most. No wonder, as these types of payments usually take much longer than domestic and SEPA transfers.  In general, it is

A business account is essential for any company of any size and freelancers. But which account to choose, and how to open a business account in Germany? This Genome article is dedicated to these two topics. And besides, there will be some useful tips for business beginners. Tips to manage a business in Germany Choose your online presence carefully according to the sector of the activity. Think long-term to nurture a strategic vision. Whatever the size of the business, this will give you a milestone to reach. Also, consider the risks, internal (to avoid) or strategic (to evaluate and measure).

What’s better than having an online wallet? Having a wallet with multiple accounts that can hold different currencies. Yes, this is what a multi-currency online wallet is all about! Using it, you gain access to various currencies, which allows you to make payments and transfers with low exchange rates and store funds in a preferable currency. Today, we at Genome explore the topic of multi-currency wallets and if they are available for the euro currency.  What to know about multi-currency online wallets Online wallet is a broad term, but it usually refers to software or an application that allows storing

SEPA transfers are always a hot topic for people living in Europe. They are efficient, simple, and prevalent, of course. But if you have doubts about this option for funds transferring, don’t worry! Today Genome explains bank transfers via the SEPA network and why you may consider getting an online wallet for using such a feature.  What you need to know about bank transfers via SEPA These types of payments are pretty standard: the transfer is instructed with the help of the Single Euro Payments Area messaging network.  Said network was established as a part of the EU’s initiative to