Applying for an IBAN account in a traditional bank as a company might be time-consuming and unfavorable, but with Genome you can do that quickly online and as secure, since we are a fully regulated and licensed Electronic Money Institution. All the features you need to run your business, none of the bureaucracy.Open account
Make seamless SEPA transfers using your dedicated IBAN. Send money instantly between Genome accounts. Save and schedule transfers.
Your business expands and your accounts too. Open up to 5 accounts in Genome in each currency — USD, GBP, and EUR, transfer money between with a flat 1% currency exchange fee.
Never lose a business transaction again and pay securely with a slick black matte corporate card, or have it activated virtually with instant access, to skip the delivery.
Grow your business in Genome! Apply online and start accepting payments, analyze your customers, optimize conversion and create custom payment pages in one place.
Use Genome’s My Team feature to let members of your company access your business account securely and operate it, to share the workload. Edit access list anytime.
Genome is regulated and protected by the National Bank of Lithuania, fully regulated and SCA compliant, so your business transactions are secured with 2FA and login OTPs.
The International Bank Account Number is a numbering system that allows identifying the beneficiary when it comes to cross-border and international money transfers. It is utilized within the eurozone and by other countries. The length of an IBAN differs, but it can’t contain more than 34 characters. The number contains an ISO code of the country, the check digits, a bank code, a branch/settle code (not always), and an account number. Thus, the characters in your IBAN are generated depending on the indicators listed above. Some websites offer to generate your IBAN based on your country, bank code, and account number. With Genome, you can always look up your IBAN — log in, and check out the account details on the dashboard.
Yes, it is. The IBAN is individual for each user to avoid errors and transfer money to the right account.
It depends on the type of transfer you make. For instance, SEPA payments require an IBAN or an account number, a BIC code, and the beneficiary’s name. The instant internal transfers also require you to enter the beneficiary's IBAN or their email/phone/account ID. Find out about sending and receiving money on Genome’s money transfers page.
As was mentioned above, the IBAN consists of many different indicators, one of which is the account number. The account number (usually 10 to 12 characters) is shorter than the IBAN. Another point of differentiation is that the IBAN starts with two letters, that represent the ISO code of the country.