Corporate Business Accounts
Benefits
- Easy day-to-day banking
- Flexible
- Convenient
- Statement reconciliation is made easy by using the duplicate cheque system and cheque numbers on statement
- Stop payment of cheques can be affected upon request
- Pre-authorised payments can be arranged
- Ability to sweep funds to a nominated account provides you with cash management facilities to optimize interest on your funds.
- A regular monthly statement is provided free of charge, with additional copies available for a nominal charge
- Statements may be requested more frequently than monthly for an additional charge
Important Features
- Where the account is held in other currencies, the equivalent of US$125 is required to open the account
- The customer can specify up to 99 signatories on the account
- The customer can specify the number of signatories for any aspect of account operation
- Accounts closed within 90 days of opening will be levied a penalty fee
- Account charges include Government Stamp Duty (where applicable) and a monthly service fee which is applied on the last working day of the month
- Non-interest bearing account
- An overdraft facility can be established on the account subject to agreement
- Customised cheques are available in a variety of styles and scenes; a charge is levied for printing
- All cheques are magnetically (MICR) encoded with sequential numbering
- Statements will be mailed to recorded address or may be collected at the local branch
- Arrangements can be made for standing orders to pay bills, loan transfers and other accounts
- A stop payment facility is available for a fee
- Can make regular sweep/auto transfers to nominated accounts
- Accounts held in other currencies are subject to local Foreign Exchange Regulations