Procedure for opening a business account:
Opening a new business account would require the applicant(s) to visit a branch for completion of the account opening procedures. The applicant has to submit the completed account application with terms & conditions agreement and other documents, duly signed by each authorized signatory in presence of an official of the branch.
Documents required for opening a business account:
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Account application, duly completed and signed.
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Terms & conditions agreement.
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Operation and verification of account agreement.
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Business/ Tax identification number.
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Certificate of Incorporation.
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Partnership Certificate/ Trust Deed and By-law as applicable.
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List of Officers & Directors for corporations.
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Authorization to Borrow for Directors.
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Resolution of Directors- banking & security.
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Customer/ business Profile.
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Two pieces of identification documents of each authorized signatory.