1. Main
  2. Services
  3. Opening accounts in payment systems
  4. Opening an account with EMERALD 24

Opening an account with EMERALD 24

Emerald 24Emerald 24 - what is it?

Emerald 24 is a payment platform with the full name Emerald Financial Group Ltd. Registered in the UK in 2018. Despite the fact that Emerald 24 is a relatively young company in the market, it is not inferior in reliability and quality to such giants as Transferwise or PaySera.

Emerald 24 is a licensed financial services provider licensed by the UK-based FCA solver. EMERALD 24 has its own SWIFT code as well as a local UK sorting code for issuing unique IBANs to customers.

All EMERALD systems, transfers, transactions and infrastructure are protected by full stack firewalls, antivirus software, two-factor authentication and continuous penetration testing. In addition, both passive and active traffic monitoring, strict password policies and employee training are carried out in order to avoid unauthorized access.

Emerald 24 CultureEmerald 24 Culture

Emerald 24 is built on a culture of transparency, trustworthy corporate governance, customer communication and collaboration to achieve its goals and customer goals.

The transparency of the payment system is designed to take the necessary measures to detect fraud. Transactions are analyzed in real time based on a big data approach, when all aspects of the transfer, including the real sender and the final recipient, are compared with known fraud schemes. These pattern recognition techniques, supported by a robust technology infrastructure, offer a comprehensive approach to fraud detection and compliance.

Real-time reports on EMERALD products create accurate and transparent profiles of all customers and are used by risk management and compliance structures.

The reliability of EMERALD is manifested in the fact that when working with clients, the payment system applies recommendations according to the principles issued by the Basel Committee on Banking Supervision. BCBS is the main global standard-setting body for prudential regulation of banks and serves as a forum for regular cooperation on banking supervision. Therefore, the use of his recommendations is very important for banks and companies that supply financial services.

Who can open an account with Emerald 24?

An account with EMERALD payment system can be opened by both a legal entity and an individual, as well as residents and non-residents of the EU.

For example, the platform is available to companies both from the EU (with EU resident / non-resident partners in it) and companies registered outside the EU.

The platform is also available to individuals with and without EU residency.

Which documents are required to open an account with Emerald 24?Which documents are required to open an account with Emerald 24?

To open an account, you need the following documents:

COMPANY REGISTRATION DOCUMENTS

  • Constituent (decision / agreement, charter) and registration documents (certificate from the register and / or document on registration of a legal entity);
  • Up-to-date documents confirming the legal status (certificate from the register / Certificate of Good Standing) are provided if this information cannot be obtained from open sources;
  • Documents confirming the actual officials of the enterprise (directors, board members) and owners of capital shares / shares (these may be the following documents: certificate of Incumbency / Minutes of Directors' Meeting / Share Certificate / Register of shareholders, etc.) ;
  • Documents confirming the rights of the true beneficiary (Declaration of Trust / Deed of Trust / Agreement on the provision of nominee services, etc.). The documents must contain the exact details of the person;
  • Document confirming the rights of the representative:
  • if a participant represents an enterprise on the basis of the charter, as a member of the board, director, etc., a certificate of Incumbency is provided;
  • if the company is represented on the basis of a power of attorney, a power of attorney is provided, which indicates the scope of powers of the authorized person The document must contain personal data, the document must be signed by the legal representative (director / member of the Board) and certified (notary for the EEA; notary and apostille for other countries).

* For companies registered in the UK (Ltd), Latvia, Estonia, due to the availability of an available official register in these countries, there is no need to submit the following legal documents for consideration (unless the Client's authorized representative represents the company on the basis of a power of attorney and / or status the true beneficiary, confirmed by the Declaration of Trust or a similar document - in this case, you must present a power of attorney and / or Declaration of Trust).

DOCUMENTS FOR THE REPRESENTATIVE OF THE CLIENT AND THE UBO

Copy of passport and proof of actual residential address (utility bill).

DOCUMENTS AND INFORMATION THAT CONFIRM THE ORIGIN OF FUNDS AND EXPERIENCE OF THE UBO IN BUSINESS

Various documents can serve as confirmation, such as:

  • CV;
  • Statements of personal accounts of the UBO in other financial institutions;
  • Declaration of income;
  • Bank recommendation for the beneficiary with an indication of the account balance;
  • Tax certificate;
  • Certificate from the auditing company describing the source of funds;
  • A document confirming the ownership of real estate (or other assets) from which you can profit;
  • Certificate from the place of work with an indication of salary, etc.

INFORMATION ABOUT BUSINESS ACTIVITIES OF THE COMPANY

  • Detailed description of the company's economic activities (description of cash flows with an indication of the main business partners - name, country of registration, bank details, main lines of business, form of cooperation (seller / buyer, customer / contractor);
  • The source of the company's funds (working capital, borrowed funds, etc.);
  • Account statements of other financial institutions for the last 6 months;
  • License / permission to carry out business activities, if required;
  • Financial statements of the company for the last reporting year;
  • Office lease agreement in the country of registration, if necessary.

Emerald 24 Account Opening Procedure

You can open an account with Emerald 24 via a remote procedure. In the process, it is necessary to provide the aforementioned documents and information of the company, after which our team will contact the manager of the payment system and start the process of opening an account for you or your company.

Tariffs of Emerald 24Tariffs of Emerald 24

BUSINESS ACCOUNT

Tariffs European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA)
Account opening fee 200 EUR
Monthly account maintenance fee 25 EUR
Account closure fee 100 EUR

  

Tariffs EU company, account representative or UBO - non-EU residents, international partners
Account opening fee 500 EUR
Monthly account maintenance fee 50 EUR
Account closure fee 200 EUR

 

Tariffs An EU partnership or an EU resident company with a complex shareholder structure
Account opening fee 800 EUR
Monthly account maintenance fee 80 EUR
Account closure fee 200 EUR

 

Tariffs Company - non-EU resident
Account opening fee 1000 EUR
Monthly account maintenance fee 100 EUR
Account closure fee 200 EUR

Incoming SEPA payments (EUR) for all types of companies - without commissions!
The commission for outgoing SEPA payments (EUR) depends on the amount of the transfer and the structure of the company.

 

Transfer amount European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA)
Up to 1 000 1 EUR
From 1 001 till 15 000 2.50 EUR
From 15 001 till 50 000 5 EUR
From 50 001 till 100 000 10 EUR
Over 100 000 20 EUR

 

Transfer amount EU company, account representative or UBO - non-EU residents, international partners
Up to 1 000 5 EUR
From 1 001 till 15 000 10 EUR
From 15 001 till 50 000 15 EUR
From 50 001 till 100 000 20 EUR
Over 100 000 35 EUR

 

Transfer amount An EU partnership or an EU resident company with a complex shareholder structure
Up to 1 000 15 EUR
From 1 001 till 15 000 20 EUR
From 15 001 till 50 000 30 EUR
From 50 001 till 100 000 40 EUR
Over 100 000 60 EUR

 

Transfer amount Company - non-EU resident
Up to 1 000 20 EUR
From 1 001 till 15 000 30 EUR
From 15 001 till 50 000 40 EUR
From 50 001 till 100 000 60 EUR
Over 100 000 80 EUR

 

International payments (cost per transaction)

 

Transfer amount European Company / UBO and Account Representative - EU Residents, EU Partners (SEPA)
Up to 1 000 30 EUR
From 1 001 till 15 000 40 EUR
From 15 001 till 50 000 50 EUR
From 50 001 till 100 000 60 EUR
Over 100 000 80 EUR

 

Transfer amount EU company, account representative or UBO - non-EU residents, international partners
Up to 1 000 30 EUR
From 1 001 till 15 000 40 EUR
From 15 001 till 50 000 50 EUR
From 50 001 till 100 000 60 EUR
Over 100 000 80 EUR

 

Transfer amount An EU partnership or an EU resident company with a complex shareholder structure
Up to 1 000 40 EUR
From 1 001 till 15 000 50 EUR
From 15 001 till 50 000 60 EUR
From 50 001 till 100 000 80 EUR
Over 100 000 120 EUR

 

Transfer amount Company - non-EU resident
Up to 1 000 40 EUR
From 1 001 till 15 000 50 EUR
From 15 001 till 50 000 60 EUR
From 50 001 till 100 000 80 EUR
Over 100 000 120 EUR

PERSONAL ACCOUNTPERSONAL ACCOUNT

Tariffs EU residents
Account opening fee 10 EUR
Monthly account maintenance fee 5 EUR
Account closure fee 20 EUR

 

Tariffs Non-EU residents
Account opening fee 100 EUR
Monthly account maintenance fee 25 EUR
Account closure fee 50 EUR

 

Incoming SEPA payments (EUR) for all individuals - without commissions!
The commission for outgoing SEPA payments (EUR) depends on the amount of the transfer and the residence of the individual.

Transfer amount EU residents
Up to 1 000 1 EUR
From 1 001 till 15 000 2.50 EUR
From 15 001 till 50 000 5 EUR
From 50 001 till 100 000 10 EUR
Over 100 000 20 EUR

 

Transfer amount Non-EU residents
Up to 1 000 2.50 EUR
From 1 001 till 15 000 5 EUR
From 15 001 till 50 000 15 EUR
From 50 001 till 100 000 20 EUR
Over 100 000 30 EUR

 

International payments (cost per transaction)

Transfer amount EU residents
Up to 1 000 25 EUR
From 1 001 till 15 000 30 EUR
From 15 001 till 50 000 40 EUR
From 50 001 till 100 000 50 EUR
Over 100 000 60 EUR

 

Transfer amount Non-EU residents
Up to 1 000 30 EUR
From 1 001 till 15 000 40 EUR
From 15 001 till 50 000 50 EUR
From 50 001 till 100 000 60 EUR
Over 100 000 80 EUR

BenefitsBenefits

EMERALD 24 has the status of a Payment Intermediary in sponsoring banks for e-commerce acquiring.

The following Internet acquiring services are provided:

  • Secure payment gateway;
  • Acceptance of VISA, Mastercard;
  • Multicurrency processing;
  • Periodic billing;
  • Payment by link;
  • ILT (initial loan transfer);
  • Forms of payment for the Internet and mobile devices;
  • API integration.

The payment system also provides an opportunity to open an account for low, medium and, especially, high risk clients.

Low risk (mostly):

Sales of material objects, clothing, hospitality, car rental, ticket sales, educational business, insurance and so on.

Medium / High Risk:

Gaming business, hosting, web design, dating sites, selling health and beauty products, betting, crypto projects and the like.

Also, the EMERALD 24 payment system can individually consider your case and find the most optimal solution!

In addition to the fact that EMERALD provides acquiring and processing services for individuals and business clients, the payment system also carries out registration of a merchant account and provides payment gateway services.

Opening an account in EMERALD 24  with TAXTERS

Our team will advise you on all issues: from filling out the required forms to the first successful payment on your new account. We will show and teach you how to take advantage of all the advantages of EMERALD, how to process payments quickly and conveniently and answer all your questions. We will contact the payment system and open an account on an individual basis. We will show you how to correctly answer EMERALD compliance questions during the opening process and during working with an account.

Just click on the "Quick consultation" button and we will answer all your questions!

Hi there! Text us a message if you need a quick response.