Once your business is incorporated, you’ll need to set up a way for you to withdraw or transfer your money from one account to another. Chances are, you’re going to try to transfer money either from an online account to your bank account, or from one bank account to another.
In order to do a wire transfer, the first thing you’ll need is your account number. Have it written down so that you can input it during the electronic transfer request. If you’re making the request online, the account you’re transferring from will ask you for the account number to the one you’re transferring to.
You’ll also need the account’s check routing number. Routing numbers vary by states and countries, and are used for automatic payments, direct deposits and wire transfers. If you have a checkbook, the routing number is at the bottom of your checks. If not, you can simply find the number you need by searching online.
Another way to withdraw or transfer money is by using an ATM card. If you have a bank account in one country, and need the money in another, you can locate a local ATM machine, and withdraw the funds from the account you need. You then deposit the money you withdrew into the new account. The trick here is that you need the bank card, which could also be a debit card linked to a checking account.
If you need to convert currencies, you should go to a bank branch and ask them to assist you with a currency exchange. This is something that is harder to do online, and does have a fee attached, but it may not be too much depending on who your bank is.
There also services such Western Union and MoneyGram, which allow for international money transfers. These transfers can be done in person, on the phone, or online through their website.
You also have the option to track your transfer, to see how much longer it will take to receive your money in your account. Using these services is also a good idea when you have a larger transfer to make with their foreign exchange services.