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Accounts

Business Accounts

Whether it is a new or an existing business, we can assist with the opening of the business account that you may need in Guilders, US Dollars or Euros.

Below is a list of available business accounts and the required documentation for opening each account. 

Low and Medium Risk Accounts | Resident (Onshore) company (N.V. or B.V.)

Documentation required from the Customer

  • Articles of incorporation
  • A recent excerpt bearing the stamp of the Chamber of Commerce (document should not be dated prior to 6 months)
  • Valid Identification document of all signing authorities, UBO’s and supervisory and managing directors, including their address information
  • Address verification document of all signing authorities, UBO’s and supervisory and managing directors (e.g. utility bill)
  • At least one acceptable (bank) reference on the N.V. or B.V. (for established entities), beneficial owners, directors and/or principals and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.
    Note: Where the beneficial owners, Directors and/or authorized account signatories already conduct satisfactory accounts in Bank’s book, such bank reference letter is not required- this must be noted in the file.
  • Shareholder’s register (signed by director of company)
  • Establishment permit or an application for an establishment permit
  • Financial Statements and/or a Business Plan
  • Business Account and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately) (for CMB – if HR Company/if HR UBO, for each HR UBO separately)
  • MCB Group Correspondent Bank Questionnaire (only for correspondent banks)
  • MCB Group Questionnaire (only for Money Transfer Companies, Trust Companies, Offshore Banks Onshore Banks, Insurance Companies, Pension Funds)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Sole Proprietorship

Documentation required from the Customer

  • Recent excerpt bearing the stamp of Chamber of Commerce (document should not be dated prior to 6 months)
  • Establishment permit or an application for an establishment permit
  • Identification of owner, all signing authorities and proxy holders, including their address information
  • Address verification document of owner, all signing authorities and proxy holders (e.g. utility bill)
  • At least one acceptable (bank) reference on the beneficial owner, authorized signatories and proxy holder. This may be that they already conduct satisfactory accounts in the Bank books.
  • Financial Statements and/or a Business Plan
  • Business Application and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (to indicate FATCA status non US domiciled entity)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if High Risk UBO (HR UBO), for each HR UBO separately) (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Partnership

Documentation required from the Customer

  • Partnership Agreement (if required in the jurisdiction)
  • Identification of all signing authorities and Partners, including their address information.
  • Address verification document of all signing authorities and Partners (e.g. utility bill)
  • At least one acceptable (bank) reference on the partnership (for established entities), authorized signatories and Partners. This may be that they already conduct satisfactory accounts in the Bank books.
  • Financial Statements and/or a Business Plan
  • Business Application and Services Application form Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                                   (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Foundations

Documentation required from the Customer

  • Articles of incorporation
  • Recent excerpt bearing the stamp of Chamber of Commerce (document should not be dated prior to 6 months)
  • Identification of all signing authorities and Board Members, including their address information
  • Address verification document of all signing authorities and Board Members (e.g. utility bill)
  • At least one acceptable (bank) reference on the foundation (for an established foundation) and/or board members and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.
  • Financial Statements
  • Business Application and Services Application form Signature Card/List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                                   (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Private Foundations (Stichting Particulier Fonds “SPF”)

Documentation required from the Customer

  • Articles of incorporation
  • Recent excerpt bearing the stamp of Chamber of Commerce (document should not be dated prior to 6 months)
  • Letter of wishes
  • Identification of all signing authorities, registered board Members and UBO’s, including their address information
  • Address verification document of all signing authorities, registered board Members and UBO’s (e.g. utility bill)
  • At least one acceptable (bank) reference on the private foundation (for an established SPF) and/or board members and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.
  • Financial Statements and/or a Business Plan
  • Business Application and Services Application form Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                                    (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Associations

Documentation required from the Customer

  • Articles of incorporation if available
  • Recent excerpt bearing the stamp of Chamber of Commerce, if available. (document should not be dated prior to 6 months)
  • Identification of all signing authorities and all partners, including their address information
  • Address verification document of all signing authorities and all partners (e.g. utility bill)
  • At least one acceptable (bank) reference on the association (for an established association), the board members and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.
  • Board resolution (if not registered at the Chamber of Commerce)
  • Financial Statements
  • Business Application and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                                 (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Account which falls under the Supervision of a Governmental Department or Service

Documentation required from the Customer

  • Proof (“beschikking”) of the respective Governmental Institution, which confirms that it agrees with the opening of the new account and signing authorities
  • Proof (“beschikking”) of the respective Governmental Institution, which confirms their activities.
  • Identification of all signing authorities, including their address information
  • Address verification document of all signing authorities (e.g. utility bill)
  • Business Application and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                                   (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | VOF

Documentation required from the Customer

  • “Vennootschap” agreement (if available). If this agreement is not available it must be clear who the associates are
  • Recent excerpt bearing the stamp of Chamber of Commerce (document should not be dated prior to 6 months)
  • Identification of all signing authorities all signing authorities and directors, including their address information
  • Address verification document of all signing authorities (e.g. utility bill)
  • At least one acceptable (bank) reference on the VOF (for an established VOF), the board members and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.
  • Financial Statements and/or a Business Plan
  • Business Application and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
    ​                                               (for CMB – if HR Company/if HR UBO, for each HR UBO separately)

 

Additional documentation to be completed

  • RAW
Low and Medium Risk Accounts | Financial Institution

Documentation required from the Customer

  • Proof that the Financial Institution is under the Regulation of a Regulating Entity
  • Recent excerpt bearing the stamp of Chamber of Commerce, if available (document should not be dated prior to 6 months)/ Certificate of Incorporation
  • Valid identification document of all signing authorities, UBO’s, supervisory, managing directors, including their address information
  • Address verification document of all signing authorities, UBO’s, supervisory, managing directors (e.g. utility bill)
  • Business Account and Services Application Form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • MCB Group Correspondent Bank Questionnaire (only for correspondent banks)
  • MCB Group Questionnaire (only for Money Transfer Companies, Trust Companies, Offshore Banks Onshore Banks, Insurance Companies, Pension Funds)

 

Additional documentation to be completed

  • RAW
High Risk Accounts | Offshore Company (Non Resident)

Documentation required from the Customer

  • Articles of Incorporation
  • Certificate of Incorporation
  • Certificate of Incumbency
  • Certificate of Good Standing
  • Valid Identification document of all signing authorities, UBO’s and supervisory and managing directors, including their address information
  • Address verification document of all signing authorities, UBO’s and supervisory and managing directors (e.g. utility bill)
  • At least one acceptable (bank) reference on the N.V. or B.V. (for established entities), beneficial owners, directors and/or principals and authorized signatories. This may be that they already conduct satisfactory accounts in the Bank books.Note: Where the beneficial owners, Directors and/or authorized account signatories already conduct satisfactory accounts in Bank’s book, such bank reference letter is not required- this must be noted in the file.
  • Shareholder’s register (signed by director of company)
  • Business Account and Services Application form
  • Signature List (per account)
  • W-9 form (if US entity or if US UBO’s are identified, W-9 is required for each UBO)
  • W-8BEN (if necessary to proof no US residency/ citizenship UBO in case of US indicia)
  • W-8BEN-E form (if non US entity with US indicia/US UBO, for all FFI’s)
  • Waiver (only applicable for CMB and WIB)
  • Source of Wealth “SOW” (for MCB, MCBB and WIB – if HR UBO, for each HR UBO separately)
                                               (for CMB – if HR Company/if HR UBO, for each HR UBO separately)
     

Additional documentation to be completed

  • RAW

Procedure

  1. Once you have all the required documentation and / or questions, please contact a "Sales & Service Officer" officer to schedule an appointment or visit your nearest branch.
  2. All signatories must be present when opening the account for signing of the Signature list.
  3. On appointment with the "Sales & Service Office" information will be requested on the source of funds used to open the account as well as the transaction profile (i.e. the amount and frequency of deposits, incoming / outgoing transfers, largest transaction amount and anticipated cash activity).
  4. In the event that the shares are held by another company you will need to provide the same information as required for this company as per account opening requirements.
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