One essential principle to keep in mind is that the bank reserves the right to accept or refuse any application.
As a matter of fact, Esmology Group cannot guarantee the time of process nor the positive outcome of the application.
Nevertheless, we do our best to formalize the bank account opening for our clients. We provide full support until the opening of the account and if the application is refused, we try another bank. If we do not find a solution, we will refund the payment.
(Please see our conditions.)
The Documents required for Bank Account Applications:
- Copy of your passport or National ID Card (possibly notarized copy)
- Proof of address (e.g. utility bill water electricity) dated of less than 3 months
- Extended description of business activities and initial forecasts
Services Offered by International Banks
Currencies: In general, banks provide bank accounts with the local currency of the country as well as offer other foreign currencies (e.g. USD, EUR). Nevertheless, this does not apply to US banks, which only deal with USD.
Internet banking facilities: Internet access is provided so that clients may check their balance and statements as well as carry out bank transfers via the Internet (except for banks in Mauritius)
Credit cards: All banks (except the Swiss bank) provide VISA and MasterCard cards that enable individuals to make payments over the Internet or in shops. These cards are authorized to withdraw up to 400/500 USD per day from ATMs.
All Visa/MasterCard cards are corporate ones and thus show the names of their owner and the company they are affiliated with.
Some banks may ask for a security deposit before you can use the card.
Cheques: We strongly advise against the use of cheques worldwide. Because of the problems related to currencies, fake cheques, and other reasons, cheques can become a big problem.
Based on experience with our clients, we strongly encourage you to use other payment options, such as bank transfer or online secure payments (One of our partners, www.cardipay.com is one suggestion.)
All international and offshore banks charge monthly fees (please budget 10 to 20 Euros per month) as well as transfer fees (please budget 10 to 35 Euros). There is also generally a 3 to 5 Euro charge for withdrawal from ATMs.
The responsibility of Esmology Group ends once your bank account is opened and you have received your bank account number. From this moment onwards, your relation with the bank becomes private and you must deal with them directly.