Current and Savings Accounts.

These accounts can be opened by natural or juridical persons, both resident and non-resident in our country. In case of natural persons, they can be personal, common or joint accounts. Personal accounts can designate beneficiaries.

Minimum amount for opening a savings account is USD 500.00 or its counter-value in other currency. Minimum amount for opening a current account is USD 1000.00 or its counter-value in other currency.

Current accounts can be operated in checks and earn no interests. Saving accounts earn interests calculated on the balance at every day closing and are quarterly credited. Both accounts can be operated by RED debit cards or by making direct withdrawals at the bank.

A balance not less that USD 200.00 should be maintained in both accounts. Savings accounts with a balance under USD 500.00 shall not earn interests.

Any person can make deposits in these accounts or they can receive transfers from abroad..

By using the private key of the bank, payments can be ordered by fax or you can give other instructions to the bank by that way.

The bank can be authorized to debit these accounts discharging bills for services rendered to the clients by other entities..

The bank shall issue statements of account whenever required by the client, which can be on every day movement, or weekly, fortnightly or monthly. Statements of account can be picked up at the bank or we can send them daily by fax at no additional cost.