The bank accounts we mentioned so far is "cash management accounts".
This should be the first type of account you opened with a bank. Then, you can open " trade account " for trading purpose – issuing and receiving L/C payment.
Please note that :
This should be the first type of account you opened with a bank. Then, you can open " trade account " for trading purpose – issuing and receiving L/C payment.
Please note that :
- Extra bank charges is required for opening of trade account;
- Client needs to provide sample trade documents (trade agreement, invoices etc.) in opening of trade account;