Real Client Scenario: Cyprus Bank Account - Joint Application - Q&A for the Application form

Dear Mr. Client,

With regard to the opening of the joint account please advise as below for both, yourself and for your wife:

1) Shall we use your business mobile number in the application?

2) Do you need a debit card?

3) Shall we apply for a multiple signature scheme?

4) Mailing address will be?

5) Please advise the currency of the account.

6) Who will be the signatory?

7) Who will have access to 1BANK?

8) Purpose/reasons for application (i.e. deposits savings, commercial, card facilities, credit facilities, other purpose/reason).

9) Nature of transactions (i.e. cash, cheques, transfers, inward payments, outward payments, use of cards, payments receipts from letters of credit, process from credit facilities).

10) Source of income (i.e. salary, unemployed, pension/allowance, rent, interest, dividends, minor saving, student allowance).

11) Source of wealth (i.e. deposits, bonds, shares, movable property, immovable property, no wealth).

12) Value of Assets

13) Expected annual credit turnover

14) Expected annual debit turnover

15) Expected destination of outgoing payments

16) Expected origin of income funds

17) Main economic activity location - Country

18) Expected portfolio

19) Do you own a private home in Cyprus?

20) When you are in Cyprus you reside in a (ie hotel, rented premises, owned premises, with friends/relatives)?

21) Do you expect to be in Cyprus for a period up to 183 days during any calendar year?

22) Days of arrival and departure to and from Cyprus during previous calendar year.

23) Your personal TIC numbers 

Remaining at your disposal,

CYAUSE Team