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How to eSign a document: online signature licitness for Banking in European Union

european banking system a good and convenient  banking system can not only greatly   simplify both our private and business  life but also open up new opportunities hello i'm gayden martin and i'm your immigration  expert i'm glad you're following our channel   where we share useful advice on immigration  and overall life experience in europe today   i will tell you about the features of european  banks and their benefits for both individuals   and companies i guess each of us has come across  inconvenient and unreliable banking systems   when for the simplest transfers from one account  to another it is necessary to enter a big amount   of information and long numbers consequently  each transfer takes much of extra time   and there is a high probability of making a  mistake with one single digit or letter which   will consequent a transaction error or even worse  receiving the money by a wrong recipient in the   european banking system they decided to avoid such  problems by signing each account a separate iban   an international bank account number and a banking  institution identifier called bic which means bank   identification code specifying these two simplest  details allows the holder of a european account   to receive transfers in euros throughout  europe or in other words from any country   whose banks use the sepa system the sepa  system is a unified euro payment system   designed to simplify banking operations among the  eu countries and has been operating since the year   2008. the main difference of this money transfer  system from the previous is a fixed tariff which   does not depend from the amount destination  or any other factors the recipient's account   is guaranteed to be credited with the amount  that was declared when sending as a result   the financial transactions are processed quickly  ensuring consistency of transactions regardless   of location of sending and receiving the  transferred money in addition to the above sepa   stands out by the following points the speed of  processing transfers within less than 24 hours   since penalties are charged for each day of delay  in favor of the sender low commissions since costs   are reduced due to the optimization of national  payment systems there is also no need to open   additional accounts in different banks since all  transactions are performed by using the identifier   of the financial institution itself the bic in  addition the requirements and tools are the same   for all the members of the zone using sepa another  point is the wide integration of mobile devices   thus almost all actions can be controlled from  a smartphone the last but not least the internet   banking is highly developed despite all the  advantages of european accounts there are several   difficulties that lie in wait for you along the  way firstly difficulties with the collection of   required documents banks all around the world  scrutinize the documents of new and old clients   but in europe this bureaucracy has a special depth  and power in practice there have been rejections   due to logical moments errors and names and  numbers or an accidental mix-up of positions alike   when the director suddenly becomes the  beneficiary there has also been nitpicking   like the use of a black color pen  instead of an obligatory blue one   plus it is necessary to communicate with  compliance representatives as much as possible   on the case and with a minimum of jokes since  it is the department which is responsible for   checks of clients they take everything literally  like customs officers for this reason we strongly   recommend to check your documents for compliance  with the requirements of the bank before sending   them to the bank in order to make sure the absence  of any errors due to such an attentiveness you   will avoid unnecessary weighting costs of  processing and sending additional documents   and thus you reduce the risk of a renouncement  the second difficulty you may face in applying   for a bank account in europe is the collection of  proof of the legality of the origin of the funds   individuals can provide tax returns invoice  statements property sales contracts contracts   with an employer inheritance documents and  a broad variety of other additional papers   sometimes companies need to show the same  documents as individuals if the business is new   and its statutory fund is large in most cases  you need to have your financial statements ready   thirdly if your company is offshore then it is  almost impossible to open an account on your own   even a professional intermediary will  need time to analyze your business   and select certain banks or other financial  institutions suitable for you in most cases   banks are ready to work with offshore  companies only after a personal introduction   fourthly some banks do not serve non-eu citizens  or residents this is due to the fact that foreign   clients are considered as risky and many banks  find it easier to refuse to serve such clients   citizens of the european union on the contrary  can freely open an account in any eu country   without unnecessary problems and checks  our company can help you with that   how to obtain an eu citizenship easily you can  find out in this video by following this hint   also you may contact our team anytime  you want and are highly qualified   experts will explain you every step and detail we  can help you in reaching your goal of obtaining   an eu citizenship in the description below this  video you will find all the contact information   thus i hope i was able to help you understand  how the european banking system works in case   there are any questions left leave a comment down  below and we will gladly give you all the answers   you need as soon as possible in case you visit our  channel for the first time subscribe and you won't   miss our upcoming videos with you as always was  gayden martin your immigration expert see you soon you