Time to apply
About 20 minutes to apply
Typical decision
2–5 working days
Application cost
No fee to apply
Open a business account in 6 steps
Nothing here is a surprise on the day. Read it through, gather what you need, and the application itself is straightforward.
Choose the right account
Business checking for day-to-day operations, a treasury account for multi-currency and liquidity management, or both. A specialist can help you decide if the fit is not obvious.
- Business checking — operating account for payments and payroll
- Treasury — multi-currency, sweeping and FX
- Merchant services — if you need to accept card payments
Gather the company documents
We verify the entity as well as the people behind it, so have the constitutional documents and details for every director and beneficial owner to hand.
- Certificate of incorporation or business registration
- Memorandum and articles, or the equivalent constitutional document
- Proof of registered business address
- ID and proof of address for every director, authorised signatory and beneficial owner holding 25% or more
Describe the business
What you sell, to whom, how you get paid, expected monthly turnover and your main trading countries. Be specific — a vague description is the most common cause of delay.
Set your mandate and users
Decide who can prepare payments, who can release them, and above what value a second approver is required. Every signatory gets their own login — shared credentials are never permitted.
- View only — bookkeepers and auditors
- Initiator — prepares payments
- Approver — releases payments
- Administrator — manages users and rules
Verification and approval
We verify the entity and each individual, and run sanctions and adverse-media checks. You will be notified at each stage, and any request for more information appears as a task.
Fund and go live
On approval, users are created with the permissions you specified and your banking details appear in online banking. Fund the account and you are trading.
What you will need
Have these ready and the application takes minutes. Documents that are expired, cropped or do not match the name on the application are the single most common cause of delay.
Photographing documents
Flat, dark, non-reflective surface in good natural light. All four corners in frame, no glare across the text or photograph.
Certificate of incorporation
Or the equivalent business registration document for your jurisdiction.
Constitutional documents
Memorandum and articles of association, or equivalent.
Proof of registered address
A recent document showing the registered business address.
Ownership structure
Current structure identifying all beneficial owners holding 25% or more.
Identification for each individual
Photo ID and proof of address for every director, signatory and beneficial owner.
Business profile
Nature of the business, expected turnover, main trading countries and principal counterparties.
Never email your documents
Upload them only through the secure screen in the application or in online banking. Prime Wealth Corporation Bank will never ask you to send identity documents by email or message.