What information banks are interested in when applying a company bank account?

Company information Nature of business/ Industry Nature of products/Services offered Operation & Trade Account information and Anticipated Activity Purpose(s) of maintain the account(s) Expected Source and Origin of Funds Passing through the Account(s) Anticipated Level of Activity ( currency, amount and no. of transactions) Nature of Activities Counterparties ( for funds transferring through the account) Details of Directors/Partners/Sole Proprietor Identification … Continue reading What information banks are interested in when applying a company bank account?