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FOREIGN CURRENT ACCOUNT
DOMESTIC SHIPPERS / AIRLINES on behalf of their overseas Parent Company
Banking Channels

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.