Identifying Bank Account Related Attachments

Objective

After completing this lesson, you will be able to identify the documents required to successfully open a bank account

Bank account related documents

The picture shows a woman with a speech bubble, asking the question: So, what are bank account related documents?.

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

The image is a chart titled Who needs to provide what document? with two columns. The left column lists Who? including Employees, Authorities, Registries, and Business Partners. The right column lists What document? including Personal IDs, Tax/Trade IDs and shareholder statements, Trade and Business IDs, and References and Personal IDs.

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.
The image lists additional documents that may be required, including a Power of Attorney document, identification documents, original bank account papers, bank forms, and notarization with witnesses. The title asks, What other documents may be required? .

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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