Payments & Payroll

Bank Account Opening

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Bank Account Opening

As your business expands, you may find you embark on a local incorporation process or need to set up local payroll and employee benefits and other critical activities in a new jurisdiction. To do this, you need to open a bank account, which can be a complex and time-consuming exercise – especially in an overseas market. ​

At Vistra, we can recommend banks and assist you in setting up your local bank accounts. We can also advise on banking requirements – covering elements that may not be supported by global banks due to language or regulatory issues.​

As part of an accounting or administration service, we can also provide cheque signatories and operate local bank accounts on your behalf. If you don't have your own bank account in a certain jurisdiction, we may be able to offer a local trust/client money bank account operated on your behalf as part of an accounting or administration service.​

If you're working across borders, you may require a globally coordinated accounting solution with common processes and controls. 

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