What is it and what do we offer ?

Fiduciary boasts a well experienced and friendly team to handle the Group's Corporate and Trust banking affairs. Members of the team have many years of banking experience having worked previously with Commercial and Private Banks such as HSBC, ABN AMRO Bank NV, Credit Suisse and Natwest.

Having established reputable connections and relationships with banks and financial institutions both locally and worldwide, Fiduciary's Banking Team are able to undertake all work necessary to provide the client with the banking services and products which fit the business profile.

These include preparing and submitting proposals and applications to banks for account applications, instructing banks with payment transfer orders (mostly conducted through the respective bank's online banking platforms), seeking and negotiating best interest rates, obtaining debit or credit card facilities, arranging lending/borrowing facilities, providing information on investment products, to mention a few.

In the current financial climate we all face, reputable banks will require to have a clear understanding of the business activities and expected relationship with the business. We have built a longstanding and trusting relationship with a number of banks both locally and internationally, and are well known and respected by banks. This therefore enables us to simplify the process for an application for a corporate or trust bank account. A close rapport is maintained with the relevant bank to ensure the process is handled promptly and efficiently.

Peace of mind knowing your corporate affairs are in good hands....

Fiduciary provides corporate director and bank account signatories services, allowing the client to focus and concentrate on developing the business and relax knowing their investments, corporate and financial affairs are being looked after. Access to the account can be provided via online banking platforms which enables clients to check their accounts whenever they wish.

What is required to open a corporate account?

Over the last decade tighter controls have been enforced through inter-governmental bodies such as Financial Action Task Force (FATF) to combat money laundering and financing of terrorism. No doubt this has had an impact on businesses and financial institutions including banks, whose conditions now require us to get closer to having a full understanding of the activities of the company, identify the key persons and carry out the necessary due diligence requirements. A certified copy of the client's passport and proof of their residential address is required to support the application forms.

Why would I need these services?

Most companies will require at some stage to pay and/or receive monies if their company is trading, provides consultancy services, has financial investments or holds assets (i.e. property, vessel etc.) Should you require any further information please do not hesitate to contact Lorraine van Kleef, details below.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.