Pacific Private Bank

Pacific Private Bank (Vanuatu)

Offshore Banking solutions can assist you with international company, corporate bank account, and Personal Bank account with free e-banking facilities for managing your daily business banking needs, saving purposes with Pacific Private Bankin Vanuatu. The bank offers secure banking from the comfort of your home. Access funds globally through your own card and save money on global FX.

About this Product

Package Services

Corporate Bank Account opening fees with E-Banking facilities: $550

Personal Bank Account opening fees with E-Banking facilities: $500

Bank Products and Services

Prepaid card: $100

Shipping Cost: It will be charged extra on actual basis.

Important information about Pacific Private Bank

About Pacific Private Bank

Pacific Private Bank a full-service bank supervised by Vanuatu's central bank.

The bank focuses on providing wealth and asset management and tailored investment solutions.

Pacific Private Bank meets the requirements of the U.S. Patriot Act regulations, FATCA and Anti-Money Laundering regulations.

Having an international account is an essential step toward financial diversification. Pacific Private Bank focuses on offering you an exceptional banking experience, while providing access to a global suite of products.

Facilities offered by Pacific Private Bank
  • Corporate and personal accounts in USD, EUR, AUD, NZD, SGD, GBP, CAD and RUB.
  • Online & Mobile banking.
  • International wire transfers.
  • Prepaid Master.
  • Savings & Term Deposits
  • Multilingual customer support.
  • Private Banking.
  • Trading services.
  • The approximate timeframe for account allocation is from 5 to 7 business days upon receipt of the original documents by the bank.
Bank Tariffs/ charges
  • The Pacific Private Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance.
  • The cost of account opening is EUR 500, and monthly maintenance charge per account is EUR 250.
  • Inward remittances are free of charge, and for outgoing international transfer the commission will be 0,10% (min. EUR 75, max. EUR 500) of the payment amount.
  • Wealth Management and Asset Management Account opening and maintenance are free of charge.
  • Annual maintenance of EWM prepaid MasterCard is EUR 500 with card load fees of 2% and ATM withdrawals of 1,5%, min. EUR 5.
  • Bank tariffs/ charges may be changed anytime at the sole discretion of the bank, we therefore suggest contacting us or visiting the bank’s website for updated details on specific fees and charges.
  • Our professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

Documents requirements

Corporate Bank Account
  • For the Company:

A set of legalized company documents consisting of:

  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
  • Description of business
  • Valid License (if applicable)
For each corporate officer (Where the company directors or shareholders are legal entities), please provide:

A set of legalized company documents consisting of:

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.
For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  • Notarized copy of valid passport.The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
Personal Bank Account
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter dated within 3 months.
  • Personal CV
Note:
  • Documents that are not in English must be accompanied by a certified translation.
  • Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.
Certification Requirements:

A certified document copy is a copy (often a photocopy) of a primary document that has on it an endorsement or certificates that it is a true copy of the primary document. All certifications should meet the below standards:

  • Document certifications for individuals should be dated within 90 days of submission
  • Document should be stamped or sealed by certifying agent
  • Must contain the name, contact details, and signature of certifying party
  • Contains language similar to: “This is a true copy of the Original”
  • Any signatures and stamps should be clear, legible and in dark ink so that all relevant detail is visible on the scanned document
Account opening timeframe
  • The approximate timeframe for account allocation is from 5 to 7 business days upon receipt of the original documents by the bank.
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