Identifying Bank Account Related Attachments

Objectives

After completing this lesson, you will be able to:

  • Identify the documents required to successfully open a bank account

Bank account related documents

So, what are bank-related documents? Where can I find them and who should I contact to obtain them?

Documents required to open a bank account vary by country/region and company size. Typically, the following documents are needed.

  • Personal ID Documents of the bank account holder.
  • Trade Register ID Document describes the company's business.
  • Tax ID Number or a Business Identification ID for registries.
  • Transparency Register Statement for publicly listed and non-private companies' shareholders, that is, business partners.

Additionally, to inform the bank about a specific power of attorney, certain documents may be required. See the following:

  • Power of Attorney Document: This document specifies the agent's power related to the bank account.
  • Identification Documents: The principal and the agent must provide valid government-issued identification, such as a driver's license or passport.
  • Original Bank Account Papers: These documents serve as proof of ownership for the bank account holder.
  • Bank Forms: Some banks require the use of their specific signed power of attorney forms.
  • Notarization and Witnesses: Depending on local laws, notarization or witness may be necessary for your power of attorney.

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