Benefits of Online Corporate Bank Account Opening
International business expansion is incomplete without a bank account setup. At Enterworld, we streamline the online corporate bank account opening process so you can focus on what matters. The benefits are as follows:
Market Credibility
A corporate bank account helps build credibility among investors and customers in the market, increasing trust in your business.
Finance Management
In the era of digitalization, a company bank account helps keep track of all of your financial transactions through real-time transaction tracking and monthly statements.
Liability Security
A company account separates business and personal assets, protecting you against the company’s debts and loan defaults.
Enhances Financial Creditworthiness
With a corporate bank account, you can demonstrate your creditworthiness. You can obtain loans and financial credit by showcasing your credit scores and bank statements.
Streamlined Transactions
You can streamline your financial transactions, such as money deposits, online fund transfers, EMIs, digital payments to suppliers, and mutual fund payments, through a single click on your phone.
Expense Management
A company bank account facilitates better management of your business operational expenses. You can align your budget with spending patterns.
Business Growth Transition
A bank account is necessary if you’re planning to expand your business through a joint venture, merger & acquisition, or partnership. Financial transactions help denote your business position.
Steps to Obtain Our Corporate Bank Account Opening Services
Given below are the steps to get out Corporate Bank Account Opening Services-
Preliminary Consultation
Enterworld’s consultants will have an initial conversation with you to explain our banking service packages. They will ask you questions about your company structure, the nationality of your directors and shareholders, and business needs.
Drafting Your Business Plan
After the formal conversation, our business analysts will make a business plan for you. It will highlight the executive summary, vision, details about your directors and shareholders, a description of products and services, market projections, risk management, operational plan, financial strategies, and human resources. We will provide the plan within 4 to 5 days. Business activities related to digital payment aggregators might take at least a week.
Providing Insights on Our Global Banking Network
Once the plan is approved by you, we will go ahead and share a list of global banks best suited to your needs. The list will comprise the minimum deposit requirement, the amount of maintenance, the fees, and the daily transaction limits.
We deal with top banks, namely the Development Bank of Singapore (DBS), United Overseas Bank (UOB), OCBC, Deutsche Bank AG, Standard Chartered, Citigroup, Bank of America, HSBC, JP Morgan Chase, HDFC, and Wells Fargo.
Application & Document Filing
Once you confirm the bank, we will send you a pre-populated form for you to complete. After the completion, Enterworld’s legal consultants will examine the documents to ensure they comply with the bank’s policies.
Our compliance experts will get your documents notarized if there’s any such requirement by the bank. We will contact you if we have any concerns or questions regarding the documents or the application form.
Interview Preparation
After document submission, the next step is a bank interview. Almost all banks conduct interviews to assess their candidates. While most banks do an online interview through video conferencing and KYC checks. However, if a bank requires a traditional face-to-face interface, then we will accompany you to the meeting.
If you’re unable to travel, then Enterworld will request the bank to conduct the interview in your home country’s branch. We will help you prepare for the meeting through our predetermined questions assessment.
Final Account Setup
After the banking officials examine and approve your application, you’ll be able to operate your bank account within 4 to 5 days. Our banking consultants ensure you’re able to deposit the initial capital and receive the official documents confirming your relationship with the bank.
We will also ensure you receive the official documents, are able to deposit the initial capital, have access to mobile banking, ATM services, digital transfers, and internet banking services.
