How to open a bank account in Hermes Bank

Beginning of cooperation Last contact Last update
August, 2013 June, 2021 April, 2021

GSL reference about the bank

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Primary requirements:
- the bank opens current accounts;
- there are no restrictions on turnover and types of activity for current accounts;
- the amount of the initial payment is 5,000 EUR (for corporate accounts) and 1,000 EUR (for personal accounts);
- an account can be opened at the GSL office;
- the term for opening an account - case by case (check with the consultant);
- the bank does not open accounts for companies that have American legal entities in their structure;
- currently the Bank temporarily does not provide services related to USD.
Hermes Bank was founded in Saint Lucia in 2012. The Bank conducts banking operations in accordance with internationally recognized principles and norms of banking and holds a class "A" international banking license.
The bank does not open accounts for companies that have American legal entities in their structure

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    Bank's characteristics

    General information and rating

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    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated Not rated N/R
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    Year of foundation 2012
    History Founded in 2012
    Personnel The bank’s staff speak many languages, including Russian
    Bank’s shareholders Hermes Bank Limited 100%

    Minimum requirements

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    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    5 000 1 No restrictions
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    Transactions permitted per month There are no restrictions as to the number of transfers
    Initial deposit of funds, € The initial payment amount is 5.000 EUR (for corporate accounts) and 1.000 EUR (for personal accounts)
    Minimum turnover, €/year There are no restrictions or requirements as to the minimum turnover
    How fast payments are executed Same day or next day

    Tariffs and services

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    75 35 480 N/A N/A
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    Outcoming transfer, € International transfer fee for corporate accounts is 0.15% (minimum EUR 30, maximum EUR 750). International transfer fee for personal accounts is 0.15% (minimum EUR 30, maximum EUR 500)
    Incoming transfer, € Incoming transfer fee for corporate accounts is EUR 10 for amounts up to EUR 1,000; EUR 20 for amounts from EUR 1,000 to EUR 10,000; 35 EUR for amounts from 10.000 to 50.000 EUR; 50 EUR for amounts from 50,000 to 100,000 EUR; 0.1% for amounts over EUR 100,000 (maximum EUR 250). Incoming transfer fee for personal accounts is EUR 10 for amounts up to EUR 1,000; EUR 20 for amounts from EUR 1,000 to EUR 10,000; 35 EUR for amounts from 10.000 to 50.000 EUR; 50 EUR for amounts from 50.000 to 100.000 EUR; 0.1% for amounts over EUR 100,000 (maximum EUR 200)
    Account maintenance, €/year Account maintenance fee is 40 EUR per month. Closing an account - 100 EUR
    Distant access to the account Internet banking is operated with the help of Digipass (the cost of the device is 40 EUR). The state-of-the-art internet banking provides a 24-hour access from any part in the world. Internet baking services are secured by one-off passwords for entry into the system and making of transactions
    Financial products Corporate and personal current accounts, fixed-term deposits and notice deposits, client’s funds management accounts available in many currencies
    Credit/debit cards MasterCard. Prepaid Card Fee - annual 150 EUR

    Account opening procedure

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    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Current
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    Visit to the bank No visit to the bank is required
    Required Completed bank forms; copy of the client’s passport; proof of address; standard set of corporate documents
    Types of accounts Personal; Corporate; Current
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located
    Chances to open an account Predictable
    Business description Requirements for the business description are standard: the account of how the business was established and where it stands now, origin of funds, biography and contact details of the beneficial owner of the account
     
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