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In recent years, companies from Latin America have significantly increased their business dealings with the United States. This growth has created a rising need to establish a strong presence close to U.S. clients and to find tools that facilitate trade and sales. As a result, many companies are choosing to expand their operations into the U.S. market.
For these exporting SMEs, opening a business account in the U.S. offers numerous advantages that can help them thrive in this competitive market. Not only does it simplify international transactions, but it also provides greater security when dealing with U.S. partners, clients, and suppliers.
Here’s a detailed explanation of why you should consider opening a business account in the U.S. and how you can benefit from Marco’s global account, which is the best option for SMEs looking to strengthen their presence in the North American market.
Why Have a Business Account in the U.S.?
Simplified Transactions
- Hassle-Free Operations: Having access to a U.S. account streamlines transactions with American clients and suppliers, avoiding the complications and fees associated with international transfers. It also simplifies the management of payments and collections in U.S. dollars, the dominant currency in international trade.
- Faster Payments: With a U.S. business account, you can receive payments more quickly, manage a multi-currency account, and handle transactions efficiently. This is crucial for maintaining a steady cash flow and reducing waiting times to receive funds, thereby improving your business’s liquidity.
Cost Savings
- No SWIFT Fees: Avoid international transfer fees, saving money on every transaction. SWIFT fees can be significant, especially for small and medium-sized businesses, and eliminating them can greatly enhance your profit margins.
- Preferred Exchange Rates: Enjoy better exchange rates for your international transactions, increasing your profitability.
Enhanced Business Operations
- Integrated Financial Management: With access to a U.S. business account, you can optimize your financial operations, making it easier to manage your cash flow and financial planning. Such an account can also integrate better with accounting systems and business management software, simplifying the administration of your finances.
Access to Advanced Services
- Digital and Technological Tools: A U.S. business account provides access to platforms, tools, and programs that can be crucial for business expansion, operational efficiency, and more.
- Financing Opportunities: Additionally, a company becomes more attractive to financial institutions and increases its chances of accessing various financing options that were previously limited. Having an account in the U.S. adds credibility and security to your business, making it more appealing for negotiations.
Why Choose Marco’s Global Account?
Marco’s global account stands out by offering a range of benefits that make it the best option for LatAm companies looking to expand in both the U.S. and global markets:
- 100% Online Setup: Open your account entirely online, with no need to be a U.S. citizen, no visa required, and no need to travel.
- Local Banking Details: Collect payments using local banking details in the U.S., as well as in other countries like Mexico and across Europe, facilitating hassle-free international transactions.
- Multi-Currency Account: Manage accounts in multiple currencies, including USD, MXN, EUR, GBP, among others. This allows for more flexible financial management tailored to your business needs.
- Currency Conversion: Convert between various currencies efficiently. You can convert from USD to MXN, MXN to USD, and between many other currencies, optimizing your global financial operations.
- No SWIFT Fees for Transfers: Make local and international transfers without SWIFT fees, ensuring that your funds arrive quickly and without additional costs.
- Multi-Currency Visa Card: Access an international Visa multi-currency card, making payments convenient anywhere in the world.
- 24/7 Digital Platform: Manage your account through a digital platform accessible 24/7.
- Personalized Support in Spanish: Enjoy personalized support in both English and Spanish, ensuring that you can resolve any issues or questions quickly and efficiently.
Conclusion
Opening a business account in the United States is an essential strategy for any LatAm company looking to establish a significant presence in the U.S. market. It not only simplifies transactions and saves costs but also improves financial management and provides access to advanced services. Consider this strategic step to take your business to the next level.