How to open an online account for international payments

Do you have suppliers or customers abroad? If your company conducts operations internationally, having an online account for payments is an advantage that allows you to save time, reduce costs, and maintain total control of your transactions. More and more businesses in Morocco are choosing to open an online account to manage their international payments without complications.

An online account not only offers greater convenience, but also much more streamlined management. In this guide, you will discover how to get one step by step and how to take advantage of tools like thanX to centralise all your payments from a single platform.

Opening an account designed for international payments allows you to improve the efficiency of your business. Its main advantages include:

• Agility: Send and receive money from abroad without travelling or wasting time on in-person procedures.
• Multicurrency: Pay or get paid in different currencies (MAD, EUR, USD, GBP and more) with ease.
• Total control: Track your transfers and payments in real time and with complete transparency.
• Digital integration: Connect your account with platforms like thanX to have all your financial management in one place.

Ultimately, opening an online account gives you the freedom to operate without borders, with the level of control and security that your business needs.

Requirements for opening an online account in Morocco

The process is simple and each bank will be able to inform you of the exact requirements, but it is advisable to have some documents on hand before you start. In most cases, you will need:

• The company's legal documentation: commercial registration certificate (patent/commerce), tax identification number (IF), company bylaws and articles of incorporation, and certificate of registration in the Commercial Registry.
• Identification of the legal representative: Copy of a valid passport or national identity document of the legal representative and proof of address. Identification must be carried out by means of documents issued or validated by the DGSN (Direction Générale de la Sûreté Nationale), in accordance with the applicable Moroccan regulations.
• Proof of the company's registered office: rental agreement, recent utility bill, or official certificate.
• Initial deposit (if applicable): Some banks may require a minimum deposit, although the amount and whether it is mandatory vary depending on the bank and the type of account.
• Additional information on international activity: Depending on the bank's internal policy and risk profile, additional information such as international contracts, pro forma invoices, or documents demonstrating the nature of the export/import operations may be requested.

Most banks and digital platforms allow you to send this documentation electronically, without needing to go to a branch.

Steps to open your international account 100% online

Opening an online account is easier than it might seem. All you need is an internet connection and a few minutes to complete the process:

1. Choose the right entity for you. Look for a bank or platform with experience in international transactions and competitive exchange rates.
2. Fill in the online form. Fill in your company's basic information and attach the required documentation.
3. Verify your identity. Some entities may require a video call or electronic signature to validate the opening.
4. Activate the account. Once approved, you can start operating and making your first international payments.

With your account active, you can now send and receive money abroad quickly and securely. To make the most of it:

• Turn on notifications. This way, you can track every payment instantly.
• Set limits and currencies. Adjust the conditions according to your company's needs.
• Use reliable digital platforms. With tools like thanX, you can make payments, control your operations, and have all the information centralised.

Opening an account is just the first step: Managing it well will make a big difference to the efficiency of your business.

Simplify your international payments with thanX

With thanX, you can link your international account and manage all your transactions from Morocco with complete ease. This tool allows you to:

• Make and receive international payments from Morocco in more than 15 currencies (MAD, EUR, USD, GBP…).
• Check the status in real time while the transfer is in process within the platform. Please note that once the transfer is sent and enters the international banking network, thanX cannot report when it will be credited to the destination bank, as that step depends on the intermediary banks and the receiving bank. If there is a problem and the transfer is rejected, thanX will notify you so you can act quickly.
• Receive automatic notifications when there are changes in status or if any problem arises before the transfer is sent.
• Centralise all your transactions on a single platform.

Opening your online account is just the first step to operating without borders. Start managing your borderless business from Morocco today with complete security.