BUSINESS CHEQUE ACCOUNT

The Business Cheque Account is suited to incorporated businesses, sole proprietors, partnerships, companies, trusts and co-operatives.

 

Features & Benefits

  • record all payments and receipts to and from the account

  • safe and secure payments & money transfers

  • no limits in the cheque amount

  • execution of payments for services for which cards are not accepted

 
 

Fees

  • $0.10 - Activity fee (per item drawn or deposited in excess of first 20 items per month

  • $0.20 - Activity fee (per item in excess on first 10 items

  • $1.00 -  Automatic transfer fee (per transaction when account is within the bank)

  • $5.00 -  Monthly fee / Base fee / Maintenance fee

  • $40.00 - Lack of funds

  • $20.00 - Technical error or irregularities

  • Cheque Book

  • 25 leaves - $17.50

  • 50 leaves - $35.00

  • 100 leaves - $70.00

  • 200 leaves - $140.00

 

Opening Requirements

RESIDENTS

  • a company/business resolution approving

  • the setting up of the account and stating:

          1. Purpose of account

          2. How the account will be funded

          3. Names of authorized signatories

          4. Account opening mandate

          5. Ultimate beneficiaries of the account

          6. Business address and location

  •  provide an original copy of Business License

  •  minimum opening deposit is $500 or more to open an account + 3 months of account operating

Important Documents

  • Personal Cheque Account Terms & Conditions

  • Personal Banking Terms & Conditions

Call or Email for more info

Phone: +685 26766
Email: newaccounts@nbsamoa.com