Bank account assistance in Jersey

Banks in a small financial centre ask a great deal of a new company, and a company owned from abroad is asked for more. Expect questions about who ultimately owns it, where the money comes from, what the company will do and where its customers are. A firm that assists with a bank account prepares those answers, introduces you to institutions and sits through the onboarding with you. It cannot promise that an account will be opened; the bank decides.

Ask what the assistance includes: introductions, document preparation, a presence at the call, or only a checklist. Ask which banks the firm deals with, how long a typical case takes and what happens if an application is declined.

Ten firms on Accountanty offer bank account assistance in Jersey: 8 corporate services providers and 2 law firms. Half of them are large networks; four are medium firms and one is a small practice. English is offered across the board, and foreign owners are a named client group at half the firms. Private equity is the sector mentioned most (8 firms), ahead of real estate and funds, and the clients range from fund managers to entrepreneurs. A bank account follows incorporation, so read the Jersey guide first and consider corporate secretarial support from the same firm.