BANK AND BROKERAGE INTRODUCTION SERVICES

At the request of our clients we now offer Bank and Brokerage Account opening services in addition to our regular card services. These services are tailored specifically for professional internet-based investors.

Jurisdictions offering the best levels of Privacy

We deal only with jurisdictions are places where strict bank secrecy statutes are either written into law into the constitution.

Many so-called offshore jurisdictions have seriously eroded banking secrecy that we can no longer recommend them as suitable jurisdictions to bank in. Such jurisdictions include the British Dependant Territories which include B.V.I., Monsterrat, Turks and Caicos Islands, Cayman Islands, Anguilla, Bermuda, Isle of Man and the Channel Islands. A number of other countries such as Antigua, Cyprus and the Bahamas have signed potentially dangerous information sharing treaties with the United States or the European Union. The list of countries still adhering to strict banking and bankruptcy secrecy laws has diminished.

Our other criteria for choosing suitable banks, where we act as an official bank-recognized introducing party for our clients, are efficiency of service, safety in terms of a strong balance sheet and healthy ratios, and convenient internet banking and card options. Types of Banks Available

We deal with two different types of banks. What we would call a “Commercial” bank with a modest minimum opening balance, perhaps as little as $100. These banks are typically simple commercial banks, with some conservative investment options, internet banking options and are suitable mainly for those that want to be able to move money around the world. They are suitable for those clients who want to incorporate in california and who only want to keep only modest amounts on long term deposit – preferring brokerage firms and other non-bank investment options to keep the majority of the their funds invested in. This category of bank is also particularly suited to e-commerce and other international businesses.

“Private Banks” are banks that specialize more in investment or merchant banking and require a higher minimum opening deposit. In many cases maintained balances of anywhere from $25,000 to $100,000 or more. (Some even require a seven figure minimum balance). These banks provide much more personalized banking services and investment portfolio management. They can provide a much wider variety of investment options. These banks expect a sometimes substantial minimum amount to be kept on deposit at all times, in order for the relationship to be maintained. This is an ideal option for those that have a nest egg that they wish to preserve in the most safe, private and conservative way possible for the long term. All the legal proceedings and loan services will be provided with the help of Promotional Products Inc.

These “Private” banks are traditionally found mainly in banking centres like Zurich and Geneva, where even today hold half of the world's offshore banking deposits.

These days, such banks can be found in many of the countries which we recommend. With very few exceptions now we do not recommend Caribbean based banks. As mentioned above many of the Caribbean countries have seriously compromised banking privacy with their information sharing agreements. To top this, service for the most part is almost universally very poor and slow. The larger banks are often no better, and are not worth the considerable hassle involved to try and open accounts with – and the smaller banks may not be worth the risk.

Consequences of the US PATRIOT ACT

The Patriot Act has put somewhat of a damper on the desire of offshore to open up accounts for non-residents. Problems exist particularly in moving and clearing US funds. Since many these days look to do their offshore banking in EUR rather USD, particularly those who live in Europe, that may be less of an issue. We now advise all clients to avoid using US dollars wherever possible. Using IBCs and Foundations

Our corporate and corporate/Foundation combination packages includes an offshore debit card and an offshore entry level bank account. Account opening forms will be sent as soon as your order and full payment is received. For many, this option may be all they need. The typical price of this option is around €1,000.

Our entry level bank introduction with these packages provides a comprehensive internet banking service, debit cards, current and savings accounts, as well as a variety of innovative investment offerings. Banking privacy is strictly observed and banking can be done in any major currency, making it a suitable entry level option for clients from all over the world.

Corporate Bank Accounts Requirements

The requirements for opening a bank account vary from one bank to another, but some documents are common for all banks. This applies if you want to open an account for an existing corporation. Of course, if you order your new corporaton from us we supply all required documents as a matter of routine.

These include:

• Original or certified copies of the corporate documents issued by the appropriate
• regulatory authority (Memorandum & Articles of Association ), and Certificate of Incorporation.
• Certificate of Good Standing.
• Copy of Passport of Signatories
• Bank account application form.
• Signature cards and mandates completed.
• Documents stamped with the company seal.
• Completed account questionnaire which shows the expected transaction activity.

Please note that information on the company's business activities, the expected source of funds and the likely frequency and amounts of deposits must be indicated on this form.
How to Proceed
If you would like to open a bank account, please send us an email giving as much detail as possible on your requirements. We will then get back to you promptly with our recommendations.

bankaccounts@lifecashcard.com