ABC Banking Corporation

ABC Banking Corporation (Mauritius)

  About the Bank
ABC Banking Corporation Ltd, the banking arm of the ABC Group of Companies was first established in 1997 as a leasing company (the well-known ABC Finance & Leasing) and subsequently obtained its banking license on 01 June 2010. It is the first leasing company in Mauritius to have successfully converted into a Bank. Thus, on December 09, 2010 ABC Banking Corporation Ltd started operations as a full-fledged commercial bank at 7 Duke of Edinburgh Avenue, Place DArmes, Port Louis with a solid base of deposit and leasing portfolio. As from Day 1 of its operations, the Bank has been aiming at excellent service delivery driven by innovation and operating on the most advanced banking technology platform in the market. ABC Banking Corporation currently offers a wide range of products and services including current accounts, savings accounts, term deposits, leasing, housing loans & personal loans, term loans and revolving credit as well as Trade Finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export. In December 2011, it successfully launched its international Debit MasterCard and Internet Banking services to ensure more service accessibility to its valued clients.
WHAT ABC BANKING OFFERS:
  •  Personal and Corporate accounts
  •  Internet banking
  •  Phone banking
  •  Debit Master Card
  •  Customer support in English and French
Currencies:
  •  Accounts and cards in MUR, GBP, USD, EUR
The approximate timeframe for account allocation is 3 to 5 days after the original documents have been received by the bank.
REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH ABC BANKING:
  • Personal presence is not required
  • NO minimum balance
  • NO initial deposit
  • U.S. companies or citizens are not accepted for account opening.
  • Account opening timeframe. The account will be activated within 3 - 5 business days, upon receipt by the bank of all duly completed forms and relevant information.
REQUIREMENTS FOR OPENING AN INDIVIDUAL 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 Lawyer's/Banker's/Accountant's reference letter dated within 3 months.
  • Personal CV
NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. companies or citizens are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH ABC BANKING:
  • Personal presence is NOT required
  • NO minimum balance
  • NO initial deposit
  • U.S. companies or citizens are not accepted for account opening.
  • Account opening timeframe. The account will be activated within 3 - 5 business days, upon receipt by the bank of all duly completed forms and relevant information.
DOCUMENTS REQUIRED 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)
  • Valid License (if applicable)
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 Lawyer's/Banker's/Accountant's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
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.
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S. companies or citizens are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
First you have to know the banks website: http://www.abcbanking.mu/ How to open the account: Please download the opening forms and follow the instructions from the bank here: Personal: http://www.abcbanking.mu/downloads/pdfs/Account_Opening_form_Individual.pdf Corporate: http://www.abcbanking.mu/downloads/pdfs/Account_Opening_form_Corporate.pdf After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered. Your new Offshore bank account is from then on fully usable. Important notes: If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account. As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you. For further questions regarding your account opening we ask you to contact the customer care center directly of the bank via: E-Mail: [email protected] Tel: (+230) 206 8000 Fax: (+230) 208 0088