ICBC (London) offers a Corporate Account service predominantly aimed at business customers with strategic links to China / Chinese markets.
Key product features include internet banking and a competitive cross-border payment remittance service.
In order to fulfil our regulatory obligations when establishing a new relationship, we may ask to see a range of materials from customers who apply to open a Corporate Account with ICBC(London).
As a minimum this should include;
1. Company Documents
- Company Registration Certificate
- Memorandum and Articles of Association
- Proof of company address
- List of directors and principal shareholders (i.e. individuals who control more than 25% of the company)
- List of authorised signatories
- An account application letter describing the nature of your business and proposed purpose of the account
- Current business plan
2. Proof of Identity for Beneficial Owners and Directors
- Passport (with accompanying valid UK Visa / Residence Permit if applicable)
3. Proof of Address for Beneficial Owners and Directors (Present at least one from the list below)
(Present at least one from the list below)
- Full valid photocard driving licence
- Bank statement provided by another bank (dated within last 3 months.) (Printed Internet Bank statements are not acceptable)
- Utility bill (dated within last 3 months. Mobile phone bills are not acceptable)
- Council Tax bill (dated within current tax year)
- Benefit book or original notification letter from the Benefits Agency
confirming the right to benefits.(dated within last 6 months)
- Mortgage statement (dated within last 3 months)
- Valid Home Insurance (dated Building or Contents) or Car Insurance Certificate
4. Steps of Application
In order to open our Corporate Account, applicant will need to follow the 3-step procedure as listed below:
Step 1: Corporate Account Opening Flow Chart
Corporate Account Opening Process Diagram Flow Chart
Step 2: Corporate Account Survey
Account Document Checklist for Corporate in UK
Corporate Account Customer Survey
Step 3: Corporate Account Application Forms and related Terms and Conditions, Tariff and FSCS information sheet
Company Mandate
Corporate Internet Banking Application Form
Corporate Internet Banking Notice
Customer Declaration Form
Entity Self Certification Form
FSCS Customer Declaration
FSCS Information Sheet & Exclusion List
Signature Card
Corporate Account Terms and Conditions
Internet Banking Terms and Conditions
Retail Tariff
Time Deposit Fact Sheet
Time Deposit Instruction