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Bison Bank Corporate Account Guide

  • monmonq1
  • Nov 9, 2024
  • 2 min read

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Bison Bank offers a range of corporate banking services, making it a notable option for companies looking to establish an account in Portugal. Here’s a comprehensive guide to the setup, benefits, and requirements for opening a corporate account with Bison Bank.


Key Benefits of a Bison Bank Corporate Account

1. Multi-Currency Accounts:

  • Bison Bank provides corporate accounts in multiple currencies (e.g., EUR, USD), allowing businesses to transact internationally with ease and manage currency risks.

2. Investment and Wealth Management:

  • The bank offers a suite of investment solutions, wealth management, and advisory services that can support companies with surplus capital or those interested in exploring investment opportunities.

3. Dedicated Relationship Managers:

  • Bison Bank provides each corporate client with a dedicated relationship manager, assisting with account management, transactions, and personalized financial solutions.

4. Digital Banking:

  • The bank’s digital platform enables online banking, facilitating smooth transactions, account monitoring, and fund management from anywhere.

5. Regulatory and Compliance Support:

  • Being based in Portugal, Bison Bank complies with EU financial regulations, offering transparency and regulatory assurance to international businesses.


Requirements for Opening a Bison Bank Corporate Account

1. Company Documentation:

  • You’ll need certificates of incorporation, Memorandum and Articles of Association, and recent board resolutions authorizing the account opening.

  • Provide shareholder and director details, including identification documents (passport copies and proof of residence).

2. Proof of Business Activity:

  • Bison Bank often requests documentation proving active business operations, such as contracts, invoices, or recent financial statements. This helps the bank understand the nature of your business and expected transaction volumes.

3. Source of Funds:

  • The bank requires transparency about the origin of funds, necessitating a source of funds declaration to comply with Anti-Money Laundering (AML) regulations.

4. Initial Deposit:

  • Some corporate accounts may require a minimum deposit. It’s best to confirm the exact amount with Bison Bank, as it can vary based on the account type and business profile.

5. In-Person Verification:

  • Typically, the account setup requires an in-person visit to Bison Bank’s office in Lisbon for identity verification and document submission. However, they may accommodate remote applications for certain international clients, depending on circumstances.


Steps to Open a Bison Bank Corporate Account

1. Gather Required Documentation:

  • Collect and authenticate the necessary documents, including company registration documents, director/shareholder IDs, and proof of business activity.

2. Submit an Application:

  • Contact Bison Bank to start the account opening process, either via their website or by directly contacting a representative. They’ll guide you through the preliminary steps and documentation requirements.

3. Undergo KYC and Compliance Checks:

  • After submitting documents, the bank performs KYC and AML checks to verify the business’s legitimacy and compliance status.

4. Deposit Initial Funds (if required):

  • Once approved, fund the account as per Bison Bank’s minimum deposit requirements to activate the account.

5. Set Up Digital Banking:

  • Once the account is active, you’ll receive access to the online banking platform for easy management and transactions.


Conclusion

Opening a Bison Bank corporate account can benefit businesses focused on international transactions, investment, and asset management, especially those with ties to Portugal or Europe.


Contact us 👍

What’s app : +44 7451222110

Telegram: +66 936825227

 
 
 

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