How to Open a New Bank Account Remotely

Regulated United Europe gives the possibility for opening a private account in one of the European banks, fully remotely. In order for opening a private account remotely, several conditions must be fulfilled:

He bank selected supports remote account opening.
You/your company meet/meets the deposits, turnover, type of activity, and country of incorporation requirements specified by the bank for entities.
A complete set of documents has been prepared

You fill out the questionnaires received from our consultant

In the first stage of opening an account, you fill out the form that was sent by our consultant. NB Collect the documents requested by the expert and fill out the profile data as accurately and truthfully as possible because the final result of opening an account depends on it. In the case of corrections, recommendations, and comments on the completed questionnaire coming from the specialist, consider them and fill out the questionnaire anew. The banking specialist Regulated United Europe analyzes the completed form in detail after receiving the final version of the questionnaire; and in case the data is entered in the required amount, it proceeds to the next stage.

Consultant provides a cooperation agreement based on the provided information

Upon signing of the cooperation agreement by the parties, on the basis of which the Customer instructs and the Contractor undertakes to provide PRE-APPROVAL service to open an account in the selected European bank. The Customer agrees to accept the services provided and to pay for them in due time, in the time and in the amount expressed in the signed Agreement. The parties agree, within the conditions of the present contract, not to disclose information received from the Customer. The confidential information does not mean information that is included in the category of open data according to the current legislation, whose disclosure is directly the responsibility of the Customer. The contract also states, in detail, the liability of the parties, the cost of the service, and the payment procedure, with the procedure of providing and exchanging information.

Our bank specialist will choose a more suitable bank account according to your needs.

The third stage of cooperation involves the study and analysis of the legal entity structure by the banking expert of Regulated United Europe and, based on such analysis, a banking solution will be proposed. Moreover, the expert is to predict how safe the enterprise is for cooperation with a foreign bank.

The following stages will make up the analysis:
• personal document analysis of owners/directors
Corporate document analysis
When the shareholder or director of a company is another company/legal entity, a set of documents will be required for the owner company, its directors and owners.

The verification confirms what any financial structure will necessarily confirm: the quality of the document, the existence of signatures and representations respectively, the requirements of the bank, the expiry dates of authorized persons mandates and much more.

After filling out the questionnaire, our specialist will find for you a suitable financial solution based on the data provided and will fully support the process of opening an account: preliminary approval of your application with the bank, consulting on filling out the bank forms, verification of documents, submission of your application, and communication with the bank before the final decision of the financial institution.

AML bank specialist reviews your application

At this stage, the finished application gets reviewed by the AML bank specialist. The first step is to check the business model of your company in the AML Bank Department for compliance with the bank’s criteria. It is on this very stage that a decision depends on whether the Bank is ready to take your company for service and whether it is satisfied with your planned model of work. Payment for the PRE-APPROVAL service means you are guaranteed to complete this primary stage. We cannot guarantee what conclusion will be issued to you by the banking officer AML after review of the PRE-APPROVAL application, but since the bank was preselected at the outset for the business model of your company, our company can provide a high degree of probability for a positive response.

The second stage – inspection in the bank’s security service (Compliance department). Transition to the second stage is possible only in case of a positive decision of the bank AML officer and full payment for the account opening service selected from those for which the positive PRE APPROVAL was issued. The second stage allows considering account opening service for a company and individuals with a full package of completed bank forms and certified documents, sent to the bank and deposited into the account, provided all other conditions by each particular European bank are met. At this stage, a positive bank decision directly depends on the reliability of the information you provide because all other details have already been agreed upon at the first stage. For obvious reasons, to guarantee opening an account under these conditions would be at least excessive arrogance, which cannot be the policy of our company. Always, the last word is that of the bank.

After the application is approved, we will arrange for communication with a bank employee in order to open an account

In the fifth step, which you execute yourself, Regulated United Europe can do the following suggestions:

• Check the authenticity of the company’s charter documents. If it doubts the documents of the director, the final beneficiary, additional documents should be collected: a certificate of no criminal record, a document confirming the place of residence (extracted from the house book), marriage certificate, education document, full summary (biography), CV/summary.
• Verification of the correctness of the forms executed. Very often, clients, in a rush, spend little time studying and filling out bank statements, the slightest omission leads to a misunderstanding and a divergent reading of the company’s charter documents.
• To describe in detail the activities of the enterprise, provide a business plan, existing treaties, accounts, clarify the nature of financial transactions.
• Certificates of the existence of already opened corporate bank accounts, in confirmation of the solvency and reliability of the company.