Global corporate banking options in 2023
| Top Malaysian bank | Top Peruvian bank | Top Portuguese bank | Top Luxembourg bank | Top Abu Dhabi bank | Top Caribbean bank | |
|---|---|---|---|---|---|---|
| Our recommendation by preference | 1 | 2 | 3 | 4 | 5 | 6 |
| Summary at a Glance | ||||||
| Does our Client need to travel to visit the Bank? | No | No | No | No | Yes | No |
| Initial deposit for € corporate bank account | US$1,000 | US$1,000 | €250 | €0 | US$50,000 | US$100,000 |
| Account opening fees? | None | US$250 | None | None | None | US1,000 |
| Time it will take to open corporate bank account | 4 weeks | 3 weeks | 4-5 weeks | 4 weeks | 5 weeks | 4 weeks |
| Multi-currency single number bank account? | Yes | No | Yes | No | Yes | Yes |
| Multi-currency visa debit cards issued | Yes | No | Yes | No | Yes | Yes |
| Dedicated bank officer with cell phone contact | Yes | Yes | Yes | Yes | Yes | Yes |
| Daily funds transfer limit? | None | 15 | None | None | None | None |
| Fees for an outward wire transfer | US$4 | Min. US$20 | 0.25%, min €12 | 0.15% Min. €25 | Min. US$14 | Here |
| Fees for an inward wire transfer | None | None | None | None | US$20 | US$7.30 |
| Bank facilities | ||||||
| Our rating of the bank’s customer service | Very good | Good | Good | Excellent | Very good | Excellent |
| Internet banking available | Yes | Yes | Yes | Yes | Yes | Yes |
| Corporate cheque book | Yes | No | No | No | No | No |
| Corporate EUR ATM card | No | No | No | No | No | No |
| Corporate EUR Debit card (visa) | No | Yes | Yes | Yes | Yes | No |
| Corporate USD Debit card (visa) | Yes | Yes | Yes | Yes | Yes | Yes |
| Corporate GBP Debit card (visa) | No | No | No | No | Yes | No |
| International branch locations | Yes | Yes | No | No | Yes | Yes |
| Is legalization (apostille) required? | Yes | No | Yes | Yes | Yes | No |
| Which Embassy in your country of origin? | Malaysia* | Peru* | Portuguese* | Cyprus* | UAE* | None |
| Internet Banking | ||||||
| How long to receive password and login name | 2 weeks | 3 weeks | 3 weeks | 3 weeks | 2 weeks | 2 weeks |
| Can EUR transactions be viewed | Yes | Yes | Yes | Yes | Yes | No |
| Can US$ transactions be viewed | Yes | Yes | Yes | Yes | Yes | Yes |
| On line EUR payments to third parties allowed | Yes | Yes | Yes | Yes | Yes | No |
| Fund transfer email alerts? | Yes | Yes | Yes | No | Yes | Yes |
| On line USD payments to third parties allowed | Yes | Yes | Yes | Yes | Yes | Yes |
| Our rating of the internet banking facility | Very good | Very good | Excellent | Good | Excellent | Good |
| Bank Logistics | ||||||
| Country credit rating? | A- | BBB+ | Ba1 | AAA | AA | Aa3 |
| Bank credit rating? | A- | Baa2 | None | None | A+ | None |
| Regulated by which Government Entity? | BNM | BCRP | BDP | BCL | UAE CB | CIMA |
| Your dedicated bank officer will be | Ms. Norila | Ms. Horna | Mr. Bernardino | Mr. Ladygin | Mr. Bukhari | Ms. Burton |
| Direct telephone number | +607 334 60*** | +51 2116*** | +351 213 593 *** | +352 28 26 *** | +971 65198 *** | +1 345 640 *** |
* List of Embassies in each country in the World (click here)
