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How to Open Business Account

How to open business account

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:
  • Account application, duly completed and signed.
  • Terms & conditions agreement.
  • Operation and verification of account agreement.
  • Business/ Tax identification number.
  • Certificate of Incorporation.
  • Partnership Certificate/ Trust Deed and By-law as applicable.
  • List of Officers & Directors for corporations.
  • Authorization to Borrow for Directors.
  • Resolution of Directors- banking & security.
  • Customer/ business Profile.
  • Two pieces of identification documents of each authorized signatory.

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