The Most Preferred Digital Bank for International Payments12 min read

The Most Preferred Digital Bank for International Payments12 min read

Making international payments can be a complex process, but it doesn’t have to be with the right digital banking partner. 

As more businesses operate globally and personal finances extend across borders, having a reliable and secure way to send money internationally is essential. Fortunately, an innovative digital bank called The Kingdom Bank is simplifying international banking and payments for both individuals and companies.

With a mission to provide a best-in-class banking experience, The Kingdom Bank has become the most preferred choice for individuals and businesses needing to facilitate international payments. 

Through our online platform, international banking services are made faster, more affordable, and significantly safer. 

In this article, we’ll explore why The Kingdom Bank is the leading digital banking solution for international payments and take a closer look at the conveniences it provides.

The Safest Way to Make International Payments

Safety and security are top priorities when transferring money across borders. With rampant financial crime like hacks and fraud attempts, people want to know their money is protected. 

As a fully licensed and regulated digital bank, The Kingdom Bank takes security extremely seriously so clients can make international payments with peace of mind.

Some key aspects that set The Kingdom Bank apart in the area of security include bank-level encryption on all transactions, two-factor authentication for logins, dedicated risk management teams monitoring for suspicious activity, and mandatory transactions authorization through our mobile app. 

The bank also holds reserves far exceeding standard requirements to ensure all client funds are safeguarded at all times.

Through proactive security measures and a digital-only business model, The Kingdom Bank is able to deliver perhaps the safest online banking experience for international payments currently available. 

There is no need to visit branches or interact with staff in person, eliminating the risks that can come with physical services. 

Which Digital Bank is Best for International Payments?

When it comes to facilitating international payments, many online banking platforms claim to make the process simple. 

However, upon closer inspection most are lacking important capabilities for business users or charge excessive fees that erode the value of transfers. This is where The Kingdom Bank truly separates themselves as a leader in the digital banking space.

Unlike traditional banks with high minimum balances and transaction costs, The Kingdom Bank has no account minimums or monthly fees. 

We also offer some of the most competitive exchange rates in the industry and real-time notifications of exchange movements allow clients to time transfers for maximum value. A wide range of currency pairs are supported including less common cross-border currencies.

Businesses will particularly appreciate the multi-user access and administrative controls provided. Dedicated client managers are on hand to help set spending limits and approve users according to the organization’s needs. 

Company funds can be seamlessly managed through a single sign-on banking portal with digital invoicing and international payment templates pre-set for efficiency.

No other online bank comes close to matching the functionality, security standards, and cost-effectiveness of The Kingdom Bank’s international payments platform. 

It is undoubtedly the best choice for businesses and individuals frequently moving money across borders.

Conveniences that International Payments Provides to Businesses

In today’s globalized business environment, the ability to pay international suppliers and partners is essential but often complex and time-consuming and conventional banking platforms are not well-suited for international business needs. 

This is where the specialized international payment services of The Kingdom Bank make a big difference for companies operating globally.

Through our digital banking platform, businesses gain the convenience of being able to send and receive funds internationally with just a few clicks. 

Features like customizable payment templates remember account details so setting up recurring payments to overseas vendors is simplified. Funds can be sent through multiple popular payment rails for optimal speed and recipients have options for receiving payments in their local currency.

Advanced financial controls and multi-user access allows accounting and purchase teams to work seamlessly on international transfers together. 

Real-time exchange rates ensure payments are sent with minimal currency conversion fees. Dedicated client managers provide customized consulting to optimize payment workflows for maximum efficiency.

By eliminating the complexities that typical banks impose on cross-border commerce, The Kingdom Bank streamlines international payments and invoicing so businesses of all sizes can focus energy on growth instead of financing logistics. 

Their globally-minded services are an essential time-saver for any company with international revenue or expenses.

Bank Account Opened to Make International Payments

Whether you’re an individual sending funds abroad frequently or a business that needs robust international payment functionality, The Kingdom Bank is the clear choice for setting up the right type of bank account. 

Our fully digital onboarding makes it exceptionally easy to get up and running with cross-border banking services.

To open an account, clients simply complete an online application providing basic identification and address details. 

An interview is then conducted either by video chat or phone to verify information. Within one business day, the account is opened and clients receive their debit card and login credentials by mail. 

Funds can then be deposited from any major payment network and are available for use instantly once clearing.

Two standout account options specifically tailored for international payments include:

• Premium Account – Ideal for frequent personal users transferring under $10,000 per month.
• Corporate Account – Catered for businesses requiring advanced functionality like multi-user access, templates, and monthly recurring payments. Includes dedicated client manager support.

Both accounts earn competitive interest on balances and have no monthly, inactivity or overdraft fees. Outstanding service and affordable pricing make The Kingdom Bank the obvious choice for anyone in need of solid digital banking services for international payments.

International Payments with The Kingdom Bank

Opening a bank account with The Kingdom Bank grants access to powerful online tools for sending and receiving funds globally with ease. 

Our secure banking portal centralizes international payment management with speed, affordability and safety that traditional institutions cannot match.

To send a cross-border transfer, clients simply login and select the “Transfers” tab. From there they input the recipient’s information – name, account number, SWIFT code etc. 

Additional details like payment reference, amount, currency and preferred delivery date finalize the request. Funds are sourced directly from the available account balance and confirmation of completion arrives via email.

Receiving international wires is just as effortless. Money is automatically credited to a client’s account in their chosen currency upon arrival. Real-time exchange rates are applied so there are no unexpected conversion fees deducted. Notifications are sent each step of the way to keep users informed of progress.

For recurring payments, clients can save templates that automatically pull required transfer fields. Taxes and compliance tracking are automated when moving money between business entities abroad. And around-the-clock multilingual support ensures any issues with international banking services get resolved immediately.

By partnering with the right digital banking provider, individuals and businesses alike gain the ability to manage global finances conveniently through one secure platform. 

And in the world of international payments, The Kingdom Bank continues to lead the way in delivering innovative, customer-centric cross-border solutions.