Who can apply?

Bank of Asia provides banking services to companies across the world who pass our robust KYC checks.

Account Opening Fee*: US$1,450

Application Fee: US$1,000 (non-refundable)

Activation Fee: US$450 (upon account opening)

Applicants applying through the Bank’s Designated Corporate Service Providers can enjoy a special offer.

Contact us or talk to your service providers to find out more.

  • * For reference only. The actual fee may vary depending on the business nature, company structure, account purpose and other factors.
  • * Enhanced Due Diligence (EDD) may be required when additional information is necessary to verify identity or source of income/wealth. You will be notified of such requirements and, upon your consent, the related charges will be passed on to you at cost.
  • * Please refer to our Fee Schedule for more information.

How to Apply Online

01

Click BOA Online Application Platform and select "New Applicant"

02

Register with your email address

03

Choose "New Corporate Account" and fill in basic information for automatic pre-screening

Note:

  • Under "Preference", you can choose "Do It Yourself" or request assistance from the Bank to help you go through the application process.

04

Follow the instructions to complete below steps:

  • Important Note
  • Upload Documents
  • Enter Entity Details
  • Enter Contact Details
  • Enter Information about Key Parties
  • Specify Account Purpose
  • Declare FATCA & CRS

Note:

  • You can switch among above steps during the application process.
  • You may stop and resume your application at anytime.
  • For returning applicant, please use your username and password to log in here and select the open application to continue.
  • Please feel free to contact Customer Service for assistance anytime if you encounter any problem when applying, even if you choose “Do it Yourself” at Step 3.

05

Your Account is Ready

After reviewing your application, Bank of Asia will inform you when the bank account is successfully opened or require further information/documents to continue the process. In some cases, application may not be successful at the moment, but we will contact you the soonest.

* Currently we require First funds-in from banks registered in countries under FATF (Financial Action Task Force); however, special cases will be considered on a discretionary basis.

Required Documents

Download the list of required documents

You may also want to know

01

Certification requirements for account opening documents

Documents that are requested to be certified true copies must be certified within 90 days of submission.

Please include a separate cover sheet listing certified documents with the certification stamp.

The certification must include:

  1. Name, address, title and company name of the person certifying the document;
  2. Date of the certification; and
  3. Signature or seal of the person certifying the document and membership number where applicable.

Click Here to view the Approved Certifiers.

02

Translation requirements for account opening documents

Where documents are written in a language other than English, translation is required by a certified translator, competent authority or qualified native speaker confirming the details/contents of such document.

Click Here to see the example of wording to be used by translator.

Approved Certifiers
  • Registered lawyer
  • A Director or Manager of a regulated Financial Services Business
  • Notary Publics
  • Magistrates
  • Justice of the Peace
  • Accountant
  • Member of the Institute of Charted Secretaries and Administrators
  • Other professionals who belong to a certified professional body with established rules of professional conduct
Examples of wording to be used by translator

I, [INSERT FULL LEGAL NAME], hereby certify that I translated the attached document from [INSERT FOREIGN LANGUAGE] into English and that it is a true and correct translation. I further certify that I am competent in both [INSERT FOREIGN LANGUAGE] and English to render and certify such translation.

Following local country industry / legal certification practice I, [INSERT FULL LEGAL NAME], hereby certify that I translated the attached document from [INSERT FOREIGN LANGUAGE] into English and that it is a true and correct translation.

Date: __________       Signature: __________

Name of certifier:

Address:

Telephone number:

Email address:



Bank of Asia (BVI) Limited reserves the right to request a notarized copy of the translation.

Who can apply?

Bank of Asia provides banking services to individuals aged 18 years or older (as of the application submission date) across the world who pass our robust KYC checks.

Account Opening Fee*: US$150

Charged upon account open.

UBOs and Directors will not be charged account opening fees if applying with their corporate account at the same time.

* Please refer to our Fee Schedule for more information.

How to Apply Online

01

Click BOA Online Application Platform and select "New Applicant"

02

Register with your email address

03

Choose "New Personal Account" and fill in basic information for automatic pre-screening

Note:

  • Under "Preference", you can choose "Do It Yourself" or request assistance from the Bank to help you go through the application process.

04

Follow the instructions to complete below steps:

  • Important Note
  • Upload Identification Documents
  • Specify Sources of Income and Wealth
  • Specify Funds Flow
  • Specify Account Purpose
  • Declare FATCA & CRS

Note:

  • You can switch among above steps during the application process
  • You may stop and resume your application at anytime.
  • For returning applicant, please use your username and password to log in here and select the open application to continue.
  • Please feel free to contact Customer Service for assistance anytime if you encounter any problem when applying, even if you choose “Do it Yourself” at Step 3.

05

Your Account is Ready

After reviewing your application, Bank of Asia will inform you when the bank account is successfully opened or require further information/documents to continue the process. In some cases, application may not be successful at this moment, but we will contact you the soonest.

* Currently we require First funds-in from banks registered in countries under FATF (Financial Action Task Force); however, special cases will be considered on a discretionary basis.

Required Documents

01

Identification and Address Information

  1. Certified true copy of unexpired passport in colour, bearing clear photograph and specimen signature*;
  2. Certified true copy of residential address proof with the date not more than 3 months*, e.g., utility bill, bank statement, credit card statement, etc.

* The copy must show the entire document with the four corners being evident.

02

Tax Information

  1. Common Reporting Standard ("CRS") Self Certification Form for Individual (for the purpose of establishing tax status) (Download)
  2. Individual tax declaration form (for the purpose of declaring FATCA status) (Download)

You may also want to know

01

Certification requirements for account opening documents

Documents that are requested to be certified true copies must be certified within 90 days of submission.

Please include a separate cover sheet listing certified documents with the certification stamp.

The certification must include:

  1. Name, address, title and company name of the person certifying the document;
  2. Date of the certification; and
  3. Signature or seal of the person certifying the document and membership number where applicable.

Click Here to view the Approved Certifiers.

02

Translation requirements for account opening documents

Where documents are written in a language other than English, translation is required by a certified translator, competent authority or qualified native speaker confirming the details/contents of such document.

Click Here to see the example of wording to be used by translator.

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