Bank Account Opening with Fidelity Bank in Cayman Islands.

International Corporate Bank Account and e-banking facilities with Fidelity Bank in the Cayman Islands for your daily business banking needs and saving purposes.

PACKAGE SERVICES

Corporate Account Opening Fees

  • Assistance with establishing of corporate account.
  • Verifying your personal documentation
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
  • Sending the full package to the bank for approval
  • Monitoring the account opening process until account allocation and banking package is received

We consider our service completed once you obtain the bank account number. Due to the bank-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.
$ 700
ADDITIONAL SERVICES
BANK PRODUCTS & SERVICES

Visa Debit Card

Assistance with obtaining of one Visa Debit card.
$ 100

Payment methods

TOTAL: $ 700

Facts & Info for Fidelity Bank:

About the Bank

Fidelity Bank (Cayman) Ltd. is part of the Fidelity Group, a financial service group headquartered in the Bahamas. Fidelity Group was established in 1978 and expanded in 1980 by opening offices in the Cayman Islands and Turks and Caicos.

The bank offers an array of banking solutions to both individuals and corporate entities including; savings accounts, e-banking facilities, bank cards and loan services.

Facilities

WHAT FIDELITY BANK OFFERS:
  • Savings Accounts
  • Chequing Accounts
  • Loaning Services
  • Pension
  • General Insurance
  • Health Insurance
  • Mobile Banking
  • E-Banking
  • Visa Credit Card and Debit Card

BANK TARIFFS AND CHARGES

Fidelity Bank (Cayman) Ltd. can be considered as a low-cost bank with respect to incoming/outgoing payments,account maintenance and e-banking. The monthly maintenance fee for a savings account for balances under $500 is $5.00. The monthly maintenance fee for a chequing account is $10.00. The bank charge $15 for incoming payments. The bank fee for outgoing payments will depend on the amount being transferred. There is no charge for internet banking.

  • PLEASE NOTE: The bank tariffs may change at 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.
  • The 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.

  • Requirements

    REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH FIDELITY BANK :
    • Applicant must have a connection to the Cayman Islands
    • Personal Presence is not required
    • The initial deposit and minimum balance will be USD 500
    • Account Opening Timeframe: The account will be activated within 1-2 weeks , upon receipt by the bank of all duly completed forms and relevant information.

    DOCUMENTS REQUIRED
    For the Company:
    A set of legalized company documents consisting of:
    • Certificate of Incorporation
    • Memorandum and Articles of Associations
    • Documents confirming the appointment of company directors and secretary (if any)
    • document confirming the location of the registered office
    • Share Certificate(s)
    • Certificate of Good Standing if the company is more than 12 months old
    • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
    • Valid License (if applicable)

    For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
    • 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
    • Power of Attorney (where applicable)
    • Personal CV

    For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
    A set of legalized company documents consisting of:
    • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
    • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
    • Copy of the Corporate Structure.
    • Certificate of Good Standing.

    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.
    IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.

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