Corporate banking options (without travel)

Corporate banking options (without travel)

Banking optionsSingaporeSingaporeLatviaLatviaGermanySwitzerlandMalaysiaMalaysiaSt VincentCzech Republic
Bank account approval in?4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
Multi-currency bank account?NoNoYesYesNoYesYesYesNoNo
Bank signatory to visit bank?NoNoNoNoNoNoNoNoNoNo
Can open US$ € £ bank ac?YesYesYesYesYesYesYesYesYesYes
Initial deposit for US$ bank ac?US$30kUS$50kUS$1kUS$1kUS$1kUS$5kUS$1kUS$15kUS$3kUS$1k
What is min monthly balance?US$30kUS$50k€5k€1kUS$1kUS$10kUS$1kUS$15kUS$3kUS$1k
Account opening bank fee?S$500S$1k€450€400NoneNoneNoneNoneNoneNone
Annual bank account fees?NoneNone€50€180NoneUS$520NoneNoneUS$520None
Receive e-banking passwords?2 weeks1 week2 weeks3 weeks2 weeks3 weeks2 weeks2 weeks2 weeks2 weeks
Currency controls on funds transfers?NoNoNoNoNoNoNoNoNoNo
Corporate US$ € £ visa card?NoNoYesYesNoYesNoNoYesYes
Daily e-banking funds transfers limit?No limitNo limit€300kNo limitNo limitNo limitNo limitUS$50kNo limit€60k
Can increase funds transfer limits?N/AN/AYesN/AN/AN/AN/AYesN/AYes
On-line US$ payments allowed?YesYesYesYesYesYesYesYesYesYes
Our rating of e-banking facilities?ExcellentExcellentGoodGoodGoodGoodGoodGoodGoodGood
Our rating of bank customer service?ExcellentExcellentExcellentExcellentGoodExcellentGoodGoodGoodGood
Dedicated relationship manager?YesYesYesYesYesYesYesYesYesYes
Corporate ATM card available?YesYesNoNoYesNoYesYesYesYes
Bank charges per funds transfer outwards?US$20US$15€30€25€75US$16US$4US$5US$16€8
Bank charges per funds transfer inwards?US$8US$2NoneNone1%US$25US$4US$5US$16€8
Monthly e-statements email to you?YesYesYesYesYesYesYesYesYesYes
Funds transfer SMS alerts sent to your cell phone?YesYesYesNoYesYesYesYesYesYes
Funds transfer email alerts sent to you?YesYesYesNoYesNoYesYesYesYes
Regulated by which governing body? MAS MAS Central Bank of Latvia Central Bank of Latvia BaFin Swiss National Bank BNM BNM SVGFSA CNB
How big is the bank in this country?Top 5 bank in SingaporeTop 5 bank in SingaporeTop 5 bank in LatviaTop 3 Private bank in LatviaTop 20 bank in GermanyTop 5 online banks in SwitzerlandTop 5 bank in MalaysiaTop 10 bank in MalaysiaNo ratingTop 3 bank in Czech
Country rating by Standard & Poor’s? AAA AAA A- A- AAA AAA A- A-Unrated AA-
Bank rating by Standard & Poor’s?AA-AA-UnratedUnratedUnratedUnratedA-AA-UnratedA-
Intermediary bank used for funds transfers?NoNoNoNoYesNoNoNoNoNo

Contact us

For additional information on our corporate banking services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon