Assistance in opening bank accounts of clients is a service provided by financial professionals, such as Chartered Accountants and business consultants, to help clients open bank accounts for their businesses or personal accounts.
The service includes assistance in identifying the right type of bank account that suits the client’s needs and requirements, completing the necessary documentation, and ensuring compliance with the bank’s regulatory requirements.
Financial professionals may also provide guidance on the documentation required to open a bank account, such as KYC (Know Your Customer) documents, PAN card, and business registration documents. They may also help clients choose a bank that offers suitable features and benefits, such as low transaction fees, online banking, and overdraft facilities.
By outsourcing their bank account opening process to financial professionals, clients can ensure a hassle-free and streamlined process, while also complying with the necessary regulatory requirements. Additionally, financial professionals may offer ongoing assistance with managing and optimizing the use of the bank account to ensure that clients receive the best possible benefits and returns.