Bank for Holding’s Branches

inector · Mar 23, 2024

A holding company in Nevis opens a bank account for its branch in Singapore.

That way only SG branch has the account.

Would that bank also open an account for the holding?

I know it works other way around, but curious if it can work from branch to holding.

happyjohn · Mar 25, 2024

You may ask the bank who is the only that can answer the question. Sometimes you need to speak with your account manager at a bank you already work with and they can make things work which usually are disallowed.

belarus · Mar 26, 2024

Depends 100% on the bank if they believe what you try to do there.

Forester · Mar 29, 2024

happyjohn said:
You may ask the bank who is the only that can answer the question. Sometimes you need to speak with your account manager at a bank you already work with and they can make things work which usually are disallowed.

belarus said:
Depends 100% on the bank if they believe what you try to do there.

Exactly. Nothing to add.

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