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FOREIGN CURRENT ACCOUNT
DOMESTIC SHIPPERS / AIRLINES on behalf of their overseas Parent Company
DOMESTIC SHIPPERS / AIRLINES on behalf of their overseas Parent Company
Eligibility
Can be opened by Shippers / Air Lines who acts as agents on behalf of their Overseas Parent Company.
Requirements
- Bank’s standard account opening forms should be completed.
- Initial deposit USD 2,500/- for Corporate.
- Standard Bank Mandate.
Features
- Cheque books are NOT issued.
- Standing Instructions are accepted.
- Statements are issued monthly or as required by customers (for corporate accounts).
Further Information
- Maintained in US Dollars.
- Automated Phone banking (ATB)/Business Internet Banking (BIB) is available Utility Bill payments can be effected through Automated Teller Machine (ATM) / Automated Phone banking (ATB)/ Business Internet Banking (BIB) by debiting the Current Account.
- No interest is paid on credit balances.
documentation
- Certificate of Incorporation.
- Form 48
- Board Resolution duly signed by The Chairman of the meeting and countersigned by the company secretary.
- Memorandum & Articles of Association. (All original documents to be sighted by the Bank and copies held)
- Copies of NIC/PP of all directors.
