International Desk

Opening of Accounts

Minimum documentation required (of the company)

Documentación mínima requerida (de la empresa)

• Presentation sheet, to determine which products we offer and what we need.
• Organisational chart of the ownership structure up to the final shareholders. This chart will show the**:
  
  • Identification of legal persons
    • GIC for companies working with the Santander Group in Germany, Spain, USA and Portugal.
    • Other: Letter signed by a notary or an English lawyers/accountant collecting the information contained in the GIC
  • Identification of natural persons with more than 25% of any of the companies on the chart in the same way as for proxies and signatories.
  • Account opening document
    • Resident enterprise data are cross checked with the UK commercial register prior to the opening. If the data is not updated in the registry Santander UK reserves the right to require additional information to verify the new data.

  Minimum documentation required (of the proxies and signatories)

  • For British citizens who have met with an officer of Santander UK, copy of passport signed by the officer.
  • Otherwise (non-residents or clients that have not been met in person) two verification tests will be required:
    • Passport
    • Bill no older than three months for water, electricity or gas from the domicile in its name.

  Both pieces of evidence must be signed by a notary or an authorised employee of the Santander Group with the words "I confirm this is a true copy of the original owner".

  Currency

  Pound

  Person responsible for the receipt of documents and supplementation of the file

  International Desk UK

  Time (days) in which the account is operational*

  It depends entirely on the receipt of the information. Once we have all the necessary information it is processed between 1 and 2 weeks.

  Is a local proxy required?

  A local proxy is not necessary.

  Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

  The signature of the opening contract does not require physical presence provided it is a client referred through the Santander Group.

  Other requirements/restrictions

  ** English legislation (FSA) that 25% is a controlling stake, so we have to work on the basis of the organisational chart of ownership for those companies that have more than 25% down to those at the lower level until reaching any company with more than 25% of the capital and finally reaching the lowest level of the ultimate shareholders.

  

  Resident Companies (Foreign Currency)

  Minimum documentation required (of the company)

  • For technical reasons to open a bank account in foreign currency it is necessary to have previously opened an account in local currency. Because having opened an account in local currency entails performing due diligence whenever the foreign currency account has the same holders and a year has not passed since the opening of the account in local currency, all that will be needed is the opening document with original signatures.
  • In the case of deposit accounts, we can open Euro and USD deposits without any current account, and the requirements would be the same as for opening a current account.

  Minimum documentation required (of the proxies and signatories)

  • Unless the client has opened the account in local currency more than a year previously or is adding a new additional signature, there is no need for any documentation.
  • Otherwise the same requirements as for a local currency account.

  Currency

  Euros, Dollars, Dollar (Australian, Singapore, Hong Kong, New Zealand, Canada), Dirham (Moroccan and UAE), Kroner (Swedish, Norwegian and Danish), Philippine Peso, Yen, Thai Baht, South African Rand, Swiss Franc, Indian Rupee

  Person responsible for the receipt of documents and supplementation of the file

  The company relationship manager.

  Time (days) in which the account is operational*

  Between one and two weeks from the receipt of the opening document.

  Is a local proxy required

  A local proxy is not necessary.

  Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

  The signature of the contract does not require physical presence opening provided it is a client referred through the Santander Group.

  Other requirements/restrictions

  No

  

  NON-Resident Companies

  Minimum documentation required (of the company)

  • Presentation sheet, to determine which products we offer and what we need. Organisational chart of the ownership structure up to the ultimate shareholders. This chart will show the **:
    • Identification of legal persons
      • GIC for companies working with Santander Group in Germany, Spain, USA and Portugal)
      • Other: Letter signed by a notary collecting the information in the GIC
    • Identification of natural persons with more than 25% of any of the companies on the chart in the same way as for proxies and signatories.
  • Account opening document

  Minimum documentation required (of the proxies and signatories)

  • For British citizens have met with a officer of Santander UK copy of passport signed by the officer.
  • Otherwise (non-residents or clients that have not been met in person) two verification tests will be required:
  • Passport
  • Bill no older than three months for water, electricity or gas from domicile
  • Both pieces of evidence must be signed by a notary or a officer of Grupo Santander under the phrase "I confirm this is a true copy of the original owner".

  Currency

  Pound Sterling, Euros, Dollars, Dollar (Australian, Singapore, Hong Kong, New Zealand, Canada), Dirham (Moroccan and UAE), Kroner (Swedish, Norwegian and Danish), Philippine Peso, Yen, Thai Baht, South African Rand, Swiss Franc Indian Rupee

  Person responsible for the receipt of documents and supplementation of the file

  International Desk UK at the opening of the account in sterling, foreign currency account to be opened by the relevant manager.

  Time (days) in which the account is operational*

  Between one and two weeks from the receipt of the opening document fully completed as directed by the International Desk

  Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

  The signature of the contract does not require physical presence opening provided it is a client referred through the Santander Group.

  Other requirements/restrictions

  ** English legislation (FSA) that 25% is a controlling stake, so we have to work on the basis of the organisational chart of ownership for those companies that have more than 25% down to those at the lower level until reaching any company with more than 25% of the capital and finally reaching the lowest level of the ultimate shareholders.