Bank Introductions & Account Management Services
Establishing and maintaining relationships with banks and administering client company bank accounts is complex, especially as the facilities offered by banks and their account opening and maintenance requirements regularly change. Consequently, OCRA Mauritius employs specialist staff in its banking department who establish relationships with banks, open client company bank accounts and undertake transactions on behalf of clients.
Our Banking Department is able to advise on types of accounts available and details of banks accepting facsimile instructions, credit and debit cards, documentary credit services and online services.
We are familiar with restrictions imposed by different banks; for example, many banks will not accept Eastern European clients, some demand larger initial deposits and ongoing balances whilst others will only accept investment accounts.
The majority of our clients request OCRA Mauritius to provide account signatories to their corporate bank accounts. The advantages of this arrangement include operational efficiency, a single point of contact and enhanced confidentiality. When we provide account signatories, we will accept facsimile instructions to make transfers and advise on bank balances.
The fees charged for these services are modest and depend on volume and responsibility. Our Banking Department requires clients utilising these services to execute a simple banking indemnity and agreement.
For more information, please refer to the Mauritius and Offshore Banking guide below or contact us directly to find out how we can assist you.