Account with Loyal Bank Limited
Saint Vincent and the Grenadines is an island nation near Barbados. Formally the head of state is the Queen of the United Kingdom, represented by the Governor-General. The government policy is aimed at economic development. The country’s leadership has declared its goal to turn Saint Vincent and the Grenadines into a major financial centre. Our company offers you to open an account with Loyal Bank Limited – one of the largest local banks.
Loyal Bank was founded in Saint Vincent and the Grenadines in 1997. It holds a Banking License from IFSA, the International Financial Services Authority. Loyal Bank is also a full member of the MasterCard Card Association and is a member of the S.W.I.F.T. interbank system. One of the main advantages of the bank is its location in a low-tax offshore jurisdiction, in which information about bank account holders is protected at the legislative level. These and other reasons make it attractive to own accounts in banks of this state.
Open an account with Loyal Bank
Loyal Bank offers its clients a wide range of services. Among them is the possibility of opening multi-currency accounts for both individuals and legal entities, which in turn can open a merchant account. A multi-currency account allows you to carry out transactions with many currencies without additional conversion costs.
It is possible to open an account with Loyal Bank without being physically present. The bank’s requirements for registration are fairly standard. Below is the basic information about the bank and its services.
| Account opening fee | 500 USD |
| Timeframes | Account number is available within – 2-3 days Internet banking activation – 2-3 days |
| Presence at the bank | Not required |
| Availability of Russian-speaking staff | Available |
| Branch or representative office in Moscow | No |
| Representative offices in other European countries | Hungary |
| Internet banking | Available |
| Other options for remote account management | Digipass device |
| Plastic cards | Maestro / Cirrus, Mastercard |
| Initial deposit amount | Not required |
| Official website | www.loyalbank.com |
Current account with Loyal Bank
A foreign currency account with Loyal Bank is a reliable and easy-to-use means of capital preservation. In addition to standard services, the bank offers a “Corporate Payment System” connection, as well as a Private Banking service, whose clients, among other things, have the privilege of exemption from taxes on investment income.
The bank pursues a fairly flexible pricing policy. For Loyal Bank account holders, there is a wide selection of service packages, acquiring schemes and payment options.
Tariffs and fees for basic Loyal Bank services:
| Account maintenance fee | 16-35 EUR per month depending on the set of services and the chosen card |
| Transaction fee | Current information is available on the bank’s website |
| Card fees | Included in the monthly account fee |
| Cost of the Digipass encoding device | Device blocking: 18 EUR Issuing or replacing a device: 40 EUR |
With our help, you can quickly become a Loyal Bank account holder. Our specialists will take care of filling out all bank forms and questionnaires. Below is a list of documents required to open a foreign currency account with Loyal Bank.
List of documents required to open a corporate account:
- Memorandum of Association or Articles of Association
- Certificate of Incorporation
- Power of Attorney for the Account Manager
- Notarised copies of passports of the Authorised Person on the account, as well as directors and the owner of the company
- Documents confirming the residential addresses of directors, the owner of the company and the account manager
- Bank reference letters for directors, the owner of the company and the account manager
- Description of the company’s activities
All documents must be translated into English and legalised with an apostille before being submitted to the bank. These procedures will be performed for you by the specialists of our company.
Acquiring schemes allow you to organise an effective Internet business by opening a merchant account with Loyal Bank.
If you are interested in an account with Loyal Bank, please use our services. We will provide you with information about the bank, advise you on all major issues related to opening an account with Loyal Bank, prepare and complete the package of documents required for registration. Contact us.
