Business account – Sarah Long http://sarahlong.org/ Sat, 14 May 2022 04:12:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sarahlong.org/wp-content/uploads/2021/10/icon-44-120x120.png Business account – Sarah Long http://sarahlong.org/ 32 32 DocFox streamlines business account integration for InBank https://sarahlong.org/docfox-streamlines-business-account-integration-for-inbank/ Wed, 11 May 2022 13:54:00 +0000 https://sarahlong.org/docfox-streamlines-business-account-integration-for-inbank/ Bank chooses fintech to simplify account opening for business customers with end-to-end automation BOSTON, May 11, 2022 /PRNewswire/ — DocFox, the leading provider of automated business account opening solutions, today announced that InBank has chosen DocFox to automate account onboarding for its business customers. InBank chose DocFox to automate business account opening With locations throughout […]]]>

Bank chooses fintech to simplify account opening for business customers with end-to-end automation

BOSTON, May 11, 2022 /PRNewswire/ — DocFox, the leading provider of automated business account opening solutions, today announced that InBank has chosen DocFox to automate account onboarding for its business customers.

With locations throughout the Colorado Front Range, southern Colorado and from the north New Mexico markets, InBank offers a comprehensive suite of commercial, professional and personal banking solutions focused on personalized service, technology and local decision-making. InBank is led by an experienced and dedicated group of banking professionals and management team, who understand all the nuances of business and appreciate their economic impact.

DocFox was selected for its ability to create streamlined and simplified workflows for all types of businesses the bank encounters, no matter how complex. InBank has embraced the ability to automate document analysis and robust integration capability to further simplify and streamline the processes of its banking and operations teams.

“Over the past few years, InBank has focused heavily on the onboarding experience of our commercial customers. We have made significant investments in technology and team members, including our dedicated onboarding concierge team. business, to ease the pain point of businesses moving their account operations to InBank,” says Stephen Sahli, Senior Vice President, Director Treasury Management and Payments at InBank. “To continue to develop this level of service for our business customers, InBank has partnered with DocFox for a next-level experience. The partnership will enable InBank to deliver a low-friction digital onboarding experience for our business customers, simple and streamlined.”

“Providing best-in-class service is critical to growing and establishing your bank as an innovative force,” says DocFox CEO Ryan Canine. “With DocFox’s automated and streamlined business account opening workflows, InBank can continue to lead the business banking market by delivering on its promises, no matter how complex the account.”

About DocFox

DocFox is the leading provider of automated business account opening software used by over 250 financial institutions worldwide, including banks, credit unions and fintechs. DocFox uses intelligent automation to create a streamlined onboarding experience, simplifying and automating previously manual tasks for applicants and financial institutions.

For more information about DocFox and to request a live demo, visit docfox.io.

About InBank

InBank is an independent commercial bank serving the Colorado Front Range, South Colorado and from the north New Mexico markets. InBank offers a full suite of commercial, professional and personal banking solutions focused on personalized service, technology and local decision-making. InBank was founded on the spirit of entrepreneurship and is led by a team of experienced banking professionals committed to the mission of positively impacting the lives of its customers, communities and associates. For more information, visit www.InBank.com.

Media and press contacts

Angela LimoncelliChief Marketing Officer, DocFox
[email protected]

Aimee MillerMarketing and Public Relations Consultant, InBank
[email protected]

SOURCE DocFox

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Business Account Benefits | siliconeindia https://sarahlong.org/business-account-benefits-siliconeindia/ Mon, 02 May 2022 12:34:05 +0000 https://sarahlong.org/business-account-benefits-siliconeindia/ What is your main goal when you open a business account? It is recommended in Europe and Romania to have separate accounts for personal and business life. It’s easier to pay taxes this way, To transfer money, and perform all other necessary transactions as described here: https://genome.eu/business-account/ However, these are not the only reasons for […]]]>

What is your main goal when you open a business account? It is recommended in Europe and Romania to have separate accounts for personal and business life. It’s easier to pay taxes this way, To transfer money, and perform all other necessary transactions as described here: https://genome.eu/business-account/

However, these are not the only reasons for open a professional account, especially to create it as a online account. The latter option has become very popular lately thanks to the many advantages that the owner of such a professional account gets. Let’s discuss it in detail.

Open a business account and enjoy the benefits

Almost everything in the modern world has moved online, and the ability to open a professional account this path is no exception. According to genome.eu, it offers the customer zero bureaucracy. Thus, everything is done quickly via any device with a stable Internet connection.

Moreover, this is only the beginning of an exciting journey. If we take Genomic account for example, the benefits of such online account are the following.

Transfer money instantly


Moneythat you can store in GBP, USDand USD, could be transferred via SEPA and SWIFT. In addition to international transfers, there is an instant internal transfers option for Genome users.

If you need to repeat payments over and over again, just save the template and schedule the transaction. Money will be sent on time and to the person or company needed.

Benefit from a service for companies


Open a professional account to generate statements and get comprehensive reports and in-depth analyses. Additionally, you can share access to online account and enjoy all the advantages of team management. There are different roles you can assign to your employees when doing this in the real world.

Use a corporate card

When you open a professional account, you may still need a map. There is no problem with ordering it and activating it through your online account. Both virtual and physical cards are available.

Stay safe

One of the main things you need to worry about is securing your sensitive information and money. Genomic account uses Strong Customer Authentication (SCA) and guarantees the highest level of security for customers.

Join the referral program

After a certain period of use Genomic account, do not hesitate to recommend it to your friends and partners. When they create a business account, you will get bonuses for the invitation.

This is just a brief glimpse of what awaits you when you open a professional account. Keep in mind that there are affordable and transparent prices and great rates. You can To transfer money in EUR, GBP, and USD and exchange them. Money going to be safe, and the company will benefit as well as you.

Open a business account: step by step

If you are ready to try the most modern features of online bankingopen a business account in a reliable financial institution that operates via the Internet. For this purpose:

  1. Register and register on the provider’s website.
  2. Provide proof of your identity.
  3. Give the data about your company and the corresponding documents.

All of these steps can be done from home or anywhere else with a stable internet connection. After their completion, you should not wait more than 72 hours, and your business account will become available for operation.

That’s all you need to do to open a professional account. This will save you time and money.

It should be noted that companies usually provide you with the web browser version and a mobile app. Therefore, you can still access the business account no matter where you are. All transactions will be available, so you can To transfer money or receive payments immediately through a merchant account.


Open a professional account take advantage of all the preferences of modern financial insinuations. This approach will save you time and provide you with useful tools to grow your business. If you thought about opening a professional accountit is high time to make a choice and join the online financial world.

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New British fintech start-up GoSolo launches business account https://sarahlong.org/new-british-fintech-start-up-gosolo-launches-business-account/ Thu, 14 Apr 2022 11:36:47 +0000 https://sarahlong.org/new-british-fintech-start-up-gosolo-launches-business-account/ New UK fintech GoSolo, which aims to streamline the process of applying for a UK business account as a non-resident, has launched. CEO and Founder of GoSolo, Dima Pimakhov GoSolo, which claims to be “built by entrepreneurs for entrepreneurs”, has developed an app designed to help freelancers, founders and consultants around the world set up […]]]>

New UK fintech GoSolo, which aims to streamline the process of applying for a UK business account as a non-resident, has launched.

CEO and Founder of GoSolo, Dima Pimakhov

GoSolo, which claims to be “built by entrepreneurs for entrepreneurs”, has developed an app designed to help freelancers, founders and consultants around the world set up a UK limited company and a UK business account without a home address in the UK.

“Our background in finance, technology, and entrepreneurship helps us understand the challenges, demands, and opportunities small business owners face every day,” says the fintech.

GoSolo cites the many benefits of setting up a business in the UK, including a developed investment ecosystem, significant tax incentives for tech companies, a transparent legal system and connection to global markets.

The new GoSolo Global Account costs £250 per year and allows customers to set up a new company registered and authorized by UK Companies House.

The account also includes a virtual business address in the UK, a business current account in GBP, a Mastercard debit card, savings pots, expense analysis tools, secure payments via the Faster Payments Network and billing automation tools.

The fintech claims that through the company’s use of automation, GoSolo is able to offer its global account ten times cheaper than what one would expect from a legal advisor offering the same service .

The company was founded by Dima Pimakhov and is now open to applications from citizens of over 90 countries.

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5 Reasons to Make International Business Payments Through a Business Account – DNBC Financial Group https://sarahlong.org/5-reasons-to-make-international-business-payments-through-a-business-account-dnbc-financial-group/ Wed, 13 Apr 2022 16:33:00 +0000 https://sarahlong.org/5-reasons-to-make-international-business-payments-through-a-business-account-dnbc-financial-group/ LONDON–(BUSINESS WIRE)–To succeed in today’s global economy and win sales in the face of foreign competition, companies must offer their customers attractive terms of sale accompanied by appropriate international trade payment mechanisms. The most common way to pay bills for international companies is by bank transfer or credit unions, but the exchange rate is high. […]]]>

LONDON–(BUSINESS WIRE)–To succeed in today’s global economy and win sales in the face of foreign competition, companies must offer their customers attractive terms of sale accompanied by appropriate international trade payment mechanisms. The most common way to pay bills for international companies is by bank transfer or credit unions, but the exchange rate is high.

Another option is considered one of the best international payment solutions for businesses via online payment providers. DNBC will now show you 5 reasons to make international business payments through a business account to avoid losing potential customers to the competition by failing to consider other payment options.

1. Be transparent

Businessmen are worried about having to pay high fees if they want to make international business payments. Making cross-border payments can be complicated and expensive due to hidden fees and confusing exchange rate calculations. Make sure you always know the exchange rates and the costs associated with money transfer services before making a transaction.

2. Worldwide transfer in multiple currencies

Cash is always preferred when shopping, but not everyone is ready to accept it, especially when making international business payments. Paying mortgages and other bills in a foreign country is a huge demand for any businessman.

At DNBC Financial Group, we enable SWIFT and SEPA transfers to 170 countries and territories worldwide, providing our customers with a range of transfer alternatives at the lowest possible rate and with the least amount of wait time.

3. Organizing your business records

Having a business checking account to make international business payments is a great idea for business people to run their business. The account can store both receipts and expense checks, helping you track costs, verify expenses, avoid overspending, and easily calculate profit margin.

With the DNBCnet mobile app, you can check your payment card balance anytime and from anywhere via DNBCnet, SMS Banking or any ATM. In addition, we also support the export of electronic statements of your transactions within a month or several months.

4. Transfer of Limits

The maximum amount per transaction is one of the main requirements for setting up a business checking account. Some providers require a minimum payment, while others have no restrictions. It is essential to find a source or supplier who can consistently meet the demands of your business.

At DNBC, the transaction limit can reach €500,000/day for business accounts.

5. Transfer Speed

Since international business payments by wire transfer require the person to go to the physical bank and fill out paperwork, it is considered extremely time-consuming. Or, when you need an instant transfer, credit unions may be the best bet. However, the fees for these services are higher than the other methods!

Online payment providers like DNBC offer lower transaction costs and the same benefits. Most currencies take 1-3 business days to process, but some currencies may take longer. Here is the average transaction speed of DNBC Financial Group:

– SWIFT services for international transfer: 02-05 working days

– SEPA for euro zone transfer: 01-02 working days

Make international payments through business accounts with DNBC

DNBC Financial Group strives to be the best business account for international payments. We offer a complete online banking experience, money transactions in over 170 countries with multiple currencies and are always ready to help you 24/7. Find out how DNBC can help you improve your international payments.

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Emirates Islamic Introduces Emarati Corporate Account to Support UAE National Businesses https://sarahlong.org/emirates-islamic-introduces-emarati-corporate-account-to-support-uae-national-businesses/ Tue, 12 Apr 2022 08:57:54 +0000 https://sarahlong.org/emirates-islamic-introduces-emarati-corporate-account-to-support-uae-national-businesses/ Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE and the preferred bank for UAE nationals, has launched an Emarati corporate account, designed specifically to meet the needs of UAE national businesses . The new account builds on the bank’s continued commitment to supporting the UAE’s SME sector, which make up […]]]>

Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE and the preferred bank for UAE nationals, has launched an Emarati corporate account, designed specifically to meet the needs of UAE national businesses .

The new account builds on the bank’s continued commitment to supporting the UAE’s SME sector, which make up 94% of the total number of businesses and institutions operating in the country and contribute over 50% to GDP. from the country. The SME sector is a key contributor to the national economy and helps boost the UAE’s global competitiveness while helping to increase non-oil GDP and advance economic diversification. As a local bank, Emirates Islamic has always supported entrepreneurship and championed the growth of local businesses in the UAE.

The Emarati business account can be opened easily within 24 hours, giving entrepreneurs seamless access to a full range of financial products and services. Our newly launched value proposition offers a host of benefits including the Business Debit Card – with access to over 30 million merchants worldwide, a dedicated relationship manager to support banking needs, access to businessONLINE – offering 24-hour digital banking convenience and a dedicated Business Banking Call Center service. Emarati business owners can choose from a range of trading packages to suit their specific needs, including Platinum, Gold, Premium, Digital and E-Trader accounts – each with their own unique features and benefits.

Commenting on the launch, Farid Al Mulla, Head of Consumer Banking and Wealth Management at Emirates Islamic, said: “As the leading Islamic bank in the region, we recognize the crucial role the community plays. Emarati business in economic growth in the UAE. , and are committed to meeting their needs. We understand the unique requirements of this business segment, and through our new Emarati Corporate Account, we want to empower our national UAE customers and help them through every step of their business journey.

He added, “Our offering has evolved to meet the ever-changing needs of running a business. Our goal is to continue working to introduce transparent and innovative solutions that help foster a business environment conducive to the needs of UAE nationals.

-Ends-

About Emirates Islamic:

Emirates Islamic (DFM:EIB), part of the Emirates NBD Group, is one of the fastest growing banks in the United Arab Emirates. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services industry in the UAE.

Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the spectrum of personal, corporate and corporate banking with a network of 40 branches and 197 ATMs/CDMs across the UAE. In the rapidly growing field of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Banking Chat Services for customers via WhatsApp.

Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The bank was named “Best Islamic Bank for Customer Experience, UAE, 2020” at the World Finance Islamic Finance Awards 2021 and received the “Best Digital Innovation in Islamic Banking” award at the MEA Finance Banking Technology Summit & Awards, in recognition of his commitment. service excellence and digitization. It received the ‘Best Credit Card in the UAE’ award for its Skywards Black Credit Card and also received the ‘Best Credit Card’ award for its Emarati Visa Signature Credit Card at the International Finance Awards 2021.

As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial assistance to those in need, with a focus on food, shelter, health, education and contributions social.

For more information, please visit www.emiratesislamic.ae

Or please contact:
Amina Al Zarooni
Media Relations Manager, Emirates Islamic
Email: AminaAlZarooni@emiratesislamic.ae
Tricia Kaul | Ahmed Malik
asda’a bcw, Dubai, UAE
Email: Tricia.Kaul@bcw-global.com | Ahmed.Malik@bcw-global.com

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Doxim Announces Launch of Doxim Self-Service Business Account Opening | News https://sarahlong.org/doxim-announces-launch-of-doxim-self-service-business-account-opening-news/ Wed, 06 Apr 2022 14:15:00 +0000 https://sarahlong.org/doxim-announces-launch-of-doxim-self-service-business-account-opening-news/ Latest addition to the Doxim Digital Origination platform will help banks and credit unions transform the business account opening process with a focus on customer experience TORONTO, April 6, 2022 /PRNewswire-PRWeb/ — Doxim, the leading provider of customer communications management (CCM) and engagement technologies serving the financial and regulated markets, today announced the latest addition […]]]>

Latest addition to the Doxim Digital Origination platform will help banks and credit unions transform the business account opening process with a focus on customer experience

TORONTO, April 6, 2022 /PRNewswire-PRWeb/ — Doxim, the leading provider of customer communications management (CCM) and engagement technologies serving the financial and regulated markets, today announced the latest addition to the Doxim Digital Origination platform, Doxim Self -Business Account Opening (BAO) service.

This new solution will add support for enterprise accounts, providing a full suite of fully integrated digital origination solutions, with data shared across the platform. It will also include full integration into the customer’s banking system.

“Business banking is a lucrative and growing industry, so banks and credit unions want business customers to be able to work with them as easily as possible,” said Sean Kennelly, Vice President, Management. Products, Payments and CEM. “Business customers are strapped for time and are looking for effortless banking solutions that fit their schedules and are accessible from anywhere. Doxim self-service business account opening will help banks and cooperatives of credit to meet these demands and will delight business customers with a seamless, omnichannel account opening process that takes less than 10 minutes.”

“Since Covid-19, more than 3 million companies have been registered in Canada and over 8 million have been registered in the US, underpinning a general trend towards a need for financial products, designed specifically for cross-industry start-ups,” said Shah Usama Javed, Product Manager, CEM. “In Canada, 98% of businesses are small and have ongoing needs for financial products. Enabling digital journeys and adding value to these businesses, as well as our banking and credit union customers, is what our BAO solutions aim to achieve. »

With this new release, Doxim continues its journey to help banks and credit unions deliver true frictionless omnichannel digital journeys. This process began with Doxim’s innovative solutions to help banks and credit unions truly rethink their retail account opening and loan origination processes. These self-service solutions have enabled credit unions and banks to make omnichannel banking a reality, with a truly end-to-end paperless solution that allows customers to open accounts in less than 5 minutes.

Now, Doxim brings benefits such as improved customer experience, accelerated deposit growth and operational efficiency to corporate banking. In today’s banking and credit union systems, business account opening lags far behind in modernization, as it is burdened with legacy and disparate systems, manual paperwork, and slow processes.

Doxim’s self-service business account opening is the industry’s most comprehensive digital business account opening solution, enabling banks and credit unions to break free from branches and perform online banking. account opening to the door of their customers.

Key features of the new solution include:

— Omnichannel account opening, so sole proprietors, corporations, and nonprofits can enjoy the convenience of 24/7 banking from anywhere using the channel of their choice.

— End-to-end digital account opening through a stress-free process that takes customers from app to real-time identity verification and authentication, all the way to funding in 10 minutes or less

— Multi-product support, including a shopping cart experience for easy navigation. When combined with Doxim’s retail account opening solutions, customers can even open retail and business accounts in one go.

— Dynamic, data-driven workflows based on company structure and policy, to limit redundancy and save time.

– In-app document store that eliminates the burden of document management with a single repository where customers can quickly upload and update multiple documents and staff can be instantly notified.

— Frictionless state-of-the-art fraud prevention, including everything from facial and social biometrics to real-time identification and business verification.

Doxim invites bank and credit union executives interested in accelerating revenue by enabling new digital channels for business banking to contact the company and book a free business account opening demo. – Doxim service today.

About Doxim

Doxim is the leader in customer communications and engagement management technologies serving financial and regulated markets, providing omnichannel document and payment solutions that transform experiences to enhance engagement throughout the lifecycle. The Doxim platform helps customers communicate reliably and effectively, improve cross-sell and up-sell opportunities, and increase loyalty and wallet share through personalized communications and easy checkout processes. use. The platform addresses key challenges of digitization, operational efficiency and customer experience through our suite of ready-to-use integrated SaaS software and technology solutions. Learn more at http://www.doxim.com

Media Contact

Suzanne HenryDoxim, 905.475.9876, shenry@doxim.com

Twitter

SOURCE Doxime

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Doxim Announces the Launch of Doxim Self-Service Enterprise Account Opening https://sarahlong.org/doxim-announces-the-launch-of-doxim-self-service-enterprise-account-opening/ Wed, 06 Apr 2022 07:00:00 +0000 https://sarahlong.org/doxim-announces-the-launch-of-doxim-self-service-enterprise-account-opening/ Latest addition to the Doxim Digital Origination platform will help banks and credit unions transform the business account opening process with a focus on customer experience TORONTO (PRWEB) April 06, 2022 Doxim, the leading provider of customer communications management (CCM) and engagement technologies serving financial and regulated markets, today announced the latest addition to the […]]]>

Latest addition to the Doxim Digital Origination platform will help banks and credit unions transform the business account opening process with a focus on customer experience

TORONTO (PRWEB) April 06, 2022

Doxim, the leading provider of customer communications management (CCM) and engagement technologies serving financial and regulated markets, today announced the latest addition to the Doxim Digital Origination platform, Doxim Self-Service Business Account Opening (BAO ).

This new solution will add support for enterprise accounts, providing a full suite of fully integrated digital origination solutions, with data shared across the platform. It will also include full integration into the customer’s banking system.

“Business banking is a lucrative and growing industry, so banks and credit unions want business customers to be able to work with them as easily as possible,” said Sean Kennelly, Vice President, Management. Products, Payments and CEM. “Business customers are strapped for time and are looking for effortless banking solutions that fit their schedules and are accessible from anywhere. Doxim self-service business account opening will help banks and cooperatives of credit to meet these demands and will delight business customers with a seamless, omnichannel account opening process that takes less than 10 minutes.”

“Since Covid-19, over 3 million businesses have been registered in Canada and over 8 million in the United States, underscoring a general trend towards a need for financial products, designed specifically for cross-industry start-ups said Shah Usama Javed. , Product Manager, EMC. “In Canada, 98% of businesses are small and have ongoing needs for financial products. Enabling digital journeys and adding value to these businesses, as well as our banking and credit union customers, is what our BAO solutions aim to accomplish.

With this new release, Doxim continues its journey to help banks and credit unions deliver true frictionless omnichannel digital journeys. This process began with Doxim’s innovative solutions to help banks and credit unions truly rethink their retail account opening and loan origination processes. These self-service solutions have enabled credit unions and banks to make omnichannel banking a reality, with a truly end-to-end paperless solution that enables customers to open accounts in less than 5 minutes.

Now, Doxim brings benefits such as improved customer experience, accelerated deposit growth and operational efficiency to corporate banking. In today’s banking and credit union systems, business account opening lags far behind in modernization, as it is burdened with legacy and disparate systems, manual paperwork, and slow processes.

Doxim’s self-service business account opening is the industry’s most comprehensive digital business account opening solution, enabling banks and credit unions to break free from branches and complete the account opening to the doorstep of their customers.

Key features of the new solution include:

— Omnichannel account opening, so sole proprietors, corporations, and nonprofits can enjoy the convenience of 24/7 banking from anywhere using the channel of their choice.

— End-to-end digital account opening through a stress-free process that takes customers from app to real-time identity verification and authentication, all the way to funding in 10 minutes or less

— Multi-product support, including a shopping cart experience for easy navigation. When combined with Doxim’s retail account opening solutions, customers can even open retail and corporate accounts in one go.

— Dynamic, data-driven workflows based on company structure and policy, to limit redundancy and save time.

– In-app document store that eliminates the burden of document management with a single repository where customers can quickly upload and update multiple documents and staff can be instantly notified.

— Frictionless state-of-the-art fraud prevention, including everything from facial and social biometrics to real-time identification and business verification.

Doxim invites bank and credit union executives interested in accelerating revenue by enabling new digital channels for business banking to contact the company and book a free business account opening demo. – Doxim service today.

About Doxim

Doxim is the leader in customer communications and engagement management technologies serving financial and regulated markets, providing omnichannel document and payment solutions that transform experiences to enhance engagement throughout the lifecycle. The Doxim platform helps customers communicate reliably and effectively, improve cross-sell and up-sell opportunities, and increase loyalty and wallet share through personalized communications and easy checkout processes. use. The platform addresses key challenges of digitization, operational efficiency and customer experience through our suite of ready-to-use, integrated SaaS software and technology solutions. Learn more at http://www.doxim.com

For the original release on PRWeb, visit: https://www.prweb.com/releases/doxim_announces_the_launch_of_doxim_self_service_business_account_opening/prweb18588832.htm

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Tennis: Retired star Becker used professional account as ‘piggy bank’, court hears https://sarahlong.org/tennis-retired-star-becker-used-professional-account-as-piggy-bank-court-hears/ Wed, 23 Mar 2022 07:00:00 +0000 https://sarahlong.org/tennis-retired-star-becker-used-professional-account-as-piggy-bank-court-hears/ LONDON (AFP) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a British court ruled on Tuesday (March 22nd). Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5million (S$6.3million) loan from private bank Arbuthnot […]]]>

LONDON (AFP) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a British court ruled on Tuesday (March 22nd).

Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5million (S$6.3million) loan from private bank Arbuthnot Latham for a property in Spain.

Despite struggling financially, the 54-year-old German spent hundreds of pounds at luxury London department store Harrods and treated himself to designer clothes, a jury at Southwark Crown Court in London heard.

The former world No. 1 allegedly hid €1.13m (S$1.7m) from the sale of a Mercedes car dealership he owned in Germany, which was paid into his Boris Becker account Private Office (BBPOL).

“It is the accusation that Mr Becker used the BBPOL sterling account as an extension of his own account, in effect as his own piggy bank, for everyday personal expenses such as children’s school fees and others,” said prosecutor Rebecca Chalkley.

She said payments in 2017 included £643 to Polo Ralph Lauren, £7,600 for tuition fees and £976 to Harrods.

Jurors heard that Becker had paid substantial sums to his ex-wife Barbara Becker, his ex-wife Sharlely “Lilly” Becker and a friend.

Becker also reportedly transferred €300,000 to his own account, while other funds were paid into an account he held jointly with his son Noah.

The German is also accused of failing to hand over assets including his 1985 and 1989 Wimbledon trophies and his 1991 and 1996 Australian Open silverware.

He allegedly failed to declare two German properties, as well as his interest in a London apartment, and hid a bank loan of €825,000.

Becker, who has won 49 singles titles during his 16-year playing career, including six Grand Slam trophies, is supported on court by partner Lilian de Carvalho Monteiro.

He denies all charges against him, which include nine counts of non-delivery of trophies and other awards.

The trial is expected to last up to three weeks.

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Tennis star Becker used professional account as ‘piggy bank’, court hears https://sarahlong.org/tennis-star-becker-used-professional-account-as-piggy-bank-court-hears/ Tue, 22 Mar 2022 14:06:11 +0000 https://sarahlong.org/tennis-star-becker-used-professional-account-as-piggy-bank-court-hears/ Published on: 03/22/2022 – 15:06 London (AFP) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a UK court ruled on Tuesday. Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5 million ($4.6 million) […]]]>

Published on:

London (AFP) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a UK court ruled on Tuesday.

Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5 million ($4.6 million) loan from private bank Arbuthnot Latham for a property in Spain.

Despite struggling financially, the 54-year-old German spent hundreds of pounds at London’s luxury department store Harrods and treated himself to designer clothes, a jury at Southwark Crown Court in London heard.

The former world number one allegedly hid 1.13 million euros ($1.25 million) from the sale of a Mercedes car dealership he owned in Germany, which was paid into his Boris Becker Private Office account (BBPOL).

“It is the accusation that Mr Becker used the BBPOL sterling account as an extension of his own account, in effect as his own piggy bank, for everyday personal expenses such as children’s school fees and others,” said prosecutor Rebecca Chalkley.

Chalkley said payments in 2017 included £643 to Polo Ralph Lauren, £7,600 for tuition fees and £976 to Harrods.

Jurors heard that Becker had paid substantial sums to his ex-wife Barbara Becker, his ex-wife Sharlely “Lilly” Becker and a friend.

Becker also allegedly transferred 300,000 euros to his own account, while other funds were transferred to an account he held jointly with his son Noah.

The German is also accused of failing to hand over assets including his 1985 and 1989 Wimbledon men’s singles trophies and his 1991 and 1996 Australian Open silverware.

He allegedly failed to declare two German properties, as well as his interest in a London flat, and hid a bank loan of 825,000 euros.

Becker, who won 49 singles titles during his 16-year playing career, is supported in court by partner Lilian de Carvalho Monteiro.

He denies all charges against him, which include nine counts of failing to present trophies and other awards.

The trial is expected to last up to three weeks.

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Tennis star Becker used professional account as ‘piggy bank’, court hears | off the field https://sarahlong.org/tennis-star-becker-used-professional-account-as-piggy-bank-court-hears-off-the-field/ Tue, 22 Mar 2022 07:00:00 +0000 https://sarahlong.org/tennis-star-becker-used-professional-account-as-piggy-bank-court-hears-off-the-field/ LONDON (Reuters) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a British court heard on Tuesday. Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5 million ($4.6 million) loan from private bank Arbuthnot […]]]>
LONDON (Reuters) – Six-time Grand Slam champion Boris Becker used his business account as a “piggy bank” to pay for luxury purchases and school fees, a British court heard on Tuesday.
Becker is on trial for 24 offenses relating to his bankruptcy in 2017 over a £3.5 million ($4.6 million) loan from private bank Arbuthnot Latham for a property in Spain.
Despite struggling financially, the 54-year-old German spent hundreds of pounds at London’s luxury department store Harrods and treated himself to designer clothes, a jury at Southwark Crown Court in London heard.
The former world number one allegedly hid 1.13 million euros ($1.25 million) from the sale of a Mercedes car dealership he owned in Germany, which was paid into his Boris Becker Private Office account (BBPOL).
“It is the accusation that Mr Becker used the BBPOL sterling account as an extension of his own account, in effect as his own piggy bank, for everyday personal expenses such as children’s school fees and others,” said prosecutor Rebecca Chalkley.
Chalkley said payments in 2017 included £643 to Polo Ralph Lauren, £7,600 for tuition fees and £976 to Harrods.
Jurors heard that Becker had paid substantial sums to his ex-wife Barbara Becker, his ex-wife Sharlely “Lilly” Becker and a friend.
Becker also allegedly transferred 300,000 euros to his own account, while other funds were transferred to an account he held jointly with his son Noah.
The German is also accused of failing to hand over assets including his 1985 and 1989 Wimbledon men’s singles trophies and his 1991 and 1996 Australian Open silverware.
He allegedly failed to declare two German properties, as well as his interest in a London flat, and hid a bank loan of 825,000 euros.
Becker, who won 49 singles titles during his 16-year playing career, is supported in court by partner Lilian de Carvalho Monteiro.
He denies all charges against him, which include nine counts of non-delivery of trophies and other awards.
The trial is expected to last up to three weeks.
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