New Zealand Offshore Corporate Bank Accounts & Bank Accounts for Financial Institutions

 

 

 

BUY NOW

New Zealand Offshore Corporate Bank Accounts & Bank Accounts for Financial Institutions – When other Banks say “No”!

Service Summary:

• Banking services: Accounts in USD, EUR, NZD, SGD (more currencies to come)
• Payments: Inward and outward Wire Transfer services (wide range of currencies/countries)
• Currency conversion: Converting balances/payments as ordered or on execution of payment transactions
• Secure, stable internet banking interface to access all services
• International Business Companies; Limited Liability Companies; Limited Partnerships; Financial Institutions (like New Zealand Financial Service Providers; Swedish Trust Companies; Offshore Banks; Various Trustee & Fiduciary Corporations) are acceptable
• No personal visit required to open accounts
• Fast and efficient account opening process (in 72 hours provided all necessary Due Diligence is promptly provided)
• The provider is based in New Zealand and regulated under New Zealand law
• No New Zealand taxes applicable on customer deposits, inheritances/estates, foreign source income or banking transactions

Service Pricing:

• For Companies, trusts, etc the opening fee is 500.00 EUR
• For Financial Institutions (any kind) the opening fee is 2,500.00 EUR
• Monthly fee US$50.00 – charged to the main USD account, any other accounts for the same customer do not incur monthly fees
• Outgoing Wire Transfers – 0.4% (min US$40.00, max US$90.00)
• Inward Wire Transfers – US$20.00
• Higher monthly fees apply to Financial Institutions, however these customers qualify for lower prices on Wire Transfers

When the customer is a Financial Institution:

Getting Bank Accounts open for a Financial Institution can be very difficult for a range of commercial and compliance reasons. Many Banks do not have the resources or expertise to assess such applications and/or have policies that restrict services to financial services businesses. Such policies may restrict new Financial Institutions and/or such restrictions can also be applied unevenly, creating a lot of delays and frustrations for new financial services businesses.

Our provider has the resources and expertise to assess these applicants. The assessment process covers:

• Reviewing the Financial Institution’s business model to ensure it is acceptable
• Confirming that the Financial Institution is properly licensed, authorized and/or regulated for its activities, in an acceptable jurisdiction
• The adequacy of the Anti-Money Laundering & Countering Financing of Terrorism policies, systems and controls of the Financial Institution
• Reviewing the business background of the individuals involved

As this process is more involved, the set-up and monthly fees for these customers are higher, and the time-frame required is longer.