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Genome: Personal Experience with International Money Transfers 



Personal Experience with International Money

Today, even if you don’t like to travel, there is an urgent need to send money abroad. Until recently, we didn’t know how to send money and where it’s best to do it, but circumstances made us learn a lot, and now we’re ready to share it with you! We tell you all the hints of an international money transfer. 

Why do we need to transfer money abroad? 

There comes a time for every parent when it is necessary to decide on their child’s university admission. After looking at all the options, we decided to send our son abroad. And already with the payment for the first semester, we had questions about how best to send the money. The university is outside of Europe, so the first task we had is to think about how to convert the euros (EUR) into dollars (USD). After searching for all possible options, we found the Genome Account, which provides financial services, including international money transfers. The genome for entrepreneurs offers to open a business bank account, but since our goal was personal use, we chose a personal account.

What advantages have we found with Genome Account?

After comparing e-money institutions and national banks, we have chosen for international money transfers. These are the main reasons why: 

  • You can create an online account very quickly, there are no long waits at the bank. 
  • Simple and clear interface, it’s easy to find the right service. 
  • It is possible to open a business Bank account and a personal account. Everybody can decide what suits them best. 
  • Quick international money transfers, low commissions. 
  • Genome is licensed by the National Bank of Lithuania, which means that all financial activity is legal. 

How to open an account at Genome?

  1. The first thing to do is to register using your documents. You will definitely need your passport. 
  2. The second thing you need to do is to choose an account (personal or business) and decide in which currency you want to open an account.
  3. Genome allows you to open accounts in different currencies at the same time, so you can keep accounts in different currencies. 
  4. Last, log into your account and find the international money transfer service. 

Our son has been studying abroad for a year now, and if we need to make an international money transfer or any other transaction, we always use Genome!

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