Potential corporate bank account opening challenges

This web page helps align the engagement expectations of our multi-national Clients and Healy Consultants Group PLC; minimizing unwanted engagement surprises. Since our business began in 2003 and because international banking has evolved so much, Healy Consultants Group PLC occasionally encounters the following challenges during the change of bank signatory engagements:

NoPotential challengeSolution
1.The bank refuses to appoint the new bank signatory and beneficial owner;Healy Consultants Group PLC will supply our Client an alternative turnkey solution;
2.For many weeks, the bank officer positively advances the change of bank signatory application. Suddenly, the bank in-house Legal and Compliance Department rejects the bank signatory change;Healy Consultants Group PLC will supply our Client an alternative turnkey solution;
3.The bank in-house Legal and Compliance Department closes the corporate bank account within a year;My Firm will supply our Client another corporate bank account. Additional fees may apply;
4.Following bank signatory change, our Client logs into e-banking, but does not find it user-friendly;At the beginning of the engagement, it is important our Client i) views the online e-banking demo and ii) detail reviews the bank business web site terms and conditions and iii) detail reviews the multi-currency corporate bank account opening forms terms and conditions and iv) asks the bank officer a lot of questions and v) is aware of annual bank reporting obligations re FATCA and CRS;