ABC Banking Corporation

FACTS & INFO

• Requirements

  REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH ABC BANKING:

  • Personal presence is not required. A Skype video call is mandatory between the Bank and the client. The client should have their passport readily available for online verification.
  • A minimum balance and initial deposit of USD/EUR/GBP 5000 is required to be deposited within a month of the day of account opening; account shall be automatically closed if amount not deposited.
  • U.S. companies or citizens are accepted for account opening.
  • Account Opening Fee of $100 once approved.
  • Account opening timeframe. The account will be activated within 3 - 5 business days, upon receipt by the bank of all duly completed forms and relevant information.

  REQUIREMENTS FOR OPENING AN INDIVIDUAL BANK ACCOUNT

  • Notarized copy of valid passport.
  • The passport must be signed and signature must match the signature in the application form.
  • The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter dated within 3 months.
  • Personal CV

  PLEASE NOTE:

  • There is a list of restricted countries/regions/citizens/residents for account opening: Mexico, OFAC-listed countries, all CIS countries (including Russia, Ukraine and Belarus), several EU countries (including Romania and Latvia), African countries, South America and Balkans countries.
  • Documents that are not in English must be accompanied by a certified translation.
  • Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

  SHIPPING COST

  Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.

• About the Bank

  ABC Banking Corporation Ltd, the banking arm of the ABC Group of Companies was first established in 1997 as a leasing company (the well-known ABC Finance & Leasing) and subsequently obtained its banking license on 01 June 2010. It is the first leasing company in Mauritius to have successfully converted into a Bank.

  Thus, on December 09, 2010 ABC Banking Corporation Ltd started operations as a full-fledged commercial bank at 7 Duke of Edinburgh Avenue, Place DArmes, Port Louis with a solid base of deposit and leasing portfolio. As from Day 1 of its operations, the Bank has been aiming at excellent service delivery driven by innovation and operating on the most advanced banking technology platform in the market.

  ABC Banking Corporation currently offers a wide range of products and services including current accounts, savings accounts, term deposits, leasing, housing loans & personal loans, term loans and revolving credit as well as Trade Finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export. In December 2011, it successfully launched its international Debit MasterCard and Internet Banking services to ensure more service accessibility to its valued clients.

• Facilities

  WHAT ABC BANKING OFFERS:

  • Personal and Corporate accounts
  • Internet banking
  • Phone banking
  • Debit Master Card
  • UPI Classic and Diamond Card
  • Customer support in English and French
  • Accounts and cards in MUR, USD
  • The approximate timeframe for account allocation is 3 to 5 days after the original documents have been received by the bank.

  BANK TARIFFS AND CHARGES

  ABC Banking Corporation can be considered as a low-cost bank with respect to incoming/outgoing payments and account maintenance. The bank charge for incoming payment is Nil. The outgoing payment fee is USD 50 (flat free) excluding oversees bank charges. The monthly maintenance cost of a USD account is Nil and for a CHF account its CHF 50 + Deposit Facility Fee of 1% P.A. on credit balance. There is no charge for internet banking.

  PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.

  STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.