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S A F R A B A N K

Updates:

Get upto 4%* on our Savings Account Balances with Safra Bank.

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Dear Customer, We have launched Video KYC facility for New customer to open savings ac

Corporate Business Accounts

 

Benefits

Easy day-to-day banking

flexible

convenient

Statement of Reconciliation is easy using the control system and duplicate check numbers on the statement

Stop payment of checks can be influenced upon request

Pre-authorized payments can be arranged

Ability to sweep funds to an account designated by providing the cash management services to maximize interest on your funds.

A regular monthly statement is provided for free, with additional copies available for a nominal charge

The statements may be required more frequently than a month for an additional cost


Important Features

When the account is held in other currencies, the equivalent of $ 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 the management of accounts

Accounts closed within 90 days of opening will be charged a penalty

Account charges: Government Stamp Duty (if applicable) and a monthly service fee that is applied to the last working day of the month

Non-interest-bearing account

A current account credit can be established on account by prior arrangement.

Custom controls are available in a variety of styles and scenes; a fee is charged for printing

All controls are magnetically (MICR) encoded with sequential numbering

The statements will be mailed to the registered address or may be picked up at the local branch.

Arrangements can be made for standing orders to pay your bills, loans and transfers to other accounts

A structure of a stop payment is available for a fee

It can make regular transfers to sweep / self appointed to the accounts

Accounts held in other currencies is subject to local regulations Foreign Exchange