Tuesday, 20 March 2012

Banks


  • 1
    Write a letter to the bank detailing why you are opening the bank account. Detail how much you plan to deposit annually and where the first deposit originated.
  • 2
    Prove the existence of your business with a Certificate of Incorporation or a Certification of Good Standing if your business is older than a year. Documents unsecured loans should be notarized.
  • 3
    Include a copy of the company's by-laws as well as a Memorandum and Articles of Association with the letter.
  • 4
    Include a board of directors resolution for opening a bank account in another country. Some banks will have a resolution form that will need to be signed, but you should still include your own. Provide legal evidence of the current directories for the company.
  • 5
    Prepare to provide information about shareholders. Some banks will require this information, and some won't. Provide identification such as a copy of a passport or a driver's bad credit loans  license. These copies may need to be notarized depending on the bank.
  • 6
    Supply references from your bank. Some banks in other countries will ask for a letter of reference from your bank in your country of residence, but not all do. Be prepared just in case.

  • Generally, opening a bank account is easy to do if the bank is in the country where you live, but opening a bank account in another country can be more tricky. Although each country and each bank have different requirements, most of the time, they all follow similar protocols.

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