Corporate Current Account
Key features
• Sterling, Euro, US$ or TRY denominated current accounts with Isbank London branch
• Internet banking access
• Payments by corporate debit card and by cheque
• Cheque clearing services for cheques drawn on UK banks
• No fees and commissions for the incoming transfers from UK banks
• Account opening administrative fee of £450 (or currency equivalent). However, this fee can be reduced - see Fees and Important Information below
• Annual account fee of £150 (or currency equivalent)
• No account interest paid
• You will need to maintain in either current accounts or fixed term deposits or loans an aggregated annual average balance of at least £100,000 (or currency equivalent) from the date of account opening
Eligibility
You can open a Sterling, Euro, US$ or TRY current account with Isbank London branch providing you meet all of the following criteria:
• Your company or your group’s annual or estimated annual turnover exceeds £250,000 (or currency equivalent); and
• The purpose of your account is to support predominately trade or investment related transactional activity; and
• You maintain in either current accounts or fixed term deposits or loans an aggregated annual average balance of at least £100,000 (or currency equivalent) from the date of account opening.
• Your company should be registered in UK and should have a UK based director.
Fees and Important Information
Account opening administrative fee of £450 (or currency equivalent). However, £200 (or currency equivalent) of the account opening fee will be refunded to your current account if during the 12-month period following account opening, you maintain in either current accounts or fixed term deposits or loans an aggregated average balance of at least £100,000 (or currency equivalent) during that period.
Annual account fee of £150 (or currency equivalent)
For full details on current account fees and charges, please see the Branch's Corporate Banking Fees and Charges Schedule
