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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

Contact us or call your Relationship Manager for more details.

Terms and Conditions for Business Accounts (PDF, 406 KB)