Bay Bank

Relationship was terminated

GSL reference about the bank

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We ceased to work with the bank in November 2009 

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated Not rated N/R
    Year of foundation 1995
    History Established August 21, 1995
    Personnel There are about 30 employees in the bank who speak all major European languages including Russian.
    Bank’s shareholders Bay Bancorporation (Green Bay USA) - 100%
    Confidentiality Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

    Minimum requirements

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    N/A N/A N/A
    How fast payments are executed Payments are executed on the same day, as a rule. Payment instructions are accepted till 11 p.m. Moscow time

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    N/A N/A N/A N/A N/A
    Distant access to the account 1) by fax, using code tables 2) Internet
    Financial products

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    N/A N/A Not necessary Detailed Current
    Visit to the bank Not required
    Required A copy of international passport. If a corporate account be opened, it will be required to produce a set of corporate documents.
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account Predictable
     
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