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DNBC Financial Canada Limited Corporate Current Account

DNBC Financial Canada Limited.
Corporate Current Account

DNBC Financial Canada Limited’s mission is to deliver the best possible banking services at a reasonable cost. With our sophisticated network and a readily available online platform, we can save you time, money and countless trips to your local banks.

From cash management to merchant accounts services, you can manage your funds effortlessly by simply log in to your DNBCnet banking accounts via our internet banking or our apps. Simple yet effective services, anything you need, you name it, we have it.

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Benefits of Corporate Current Account

Benefits of
Corporate Current Account

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Eligible Criteria
Eligible Criteria

Eligible
Criteria

If you want to apply with us, please refer to our eligibility criteria

  • This account can only be opened by the directors or shareholder/beneficial owner(s) of the company.
  • All companies incorporated inside or outside of Canada are eligible to open current accounts and use other financial services at DNBC Financial Canada Limited.
  • Any type of companies: Public company, Private limited, Corporation, Limited Liability Partnership, Limited Liability Company or Limited Partnership, Trust/Foundations, etc. are able to apply for DNBC Financial Canada Limited current accounts as well as other financial services like cash management, cards, foreign exchange or merchant account.
  • The company has to retain active status.

Corporate account services

We offer a wide variety of services tailored to your every need.

Find out more about our services below.

Why choose DNBC Financial Canada Limited

We are passionate about our work. Your success is our success. We want your business to thrive and flourish. Our top priority is to help you achieve the goals you set for your corporate and foster your mission. We offer the most tailored services, which grow with your business’ needs.

Low Cost

Low Cost

  • Our fees & exchange rates are shown upfront.
  • Remittance cost cut down up to 90%.
  • The exact amount received by your recipient will be known as you set up your transfer.
Fast

Fast

  • Fast remittance with the lowest cost.
  • Smart & simple payment gateway.
  • SMS text will keep up-to-date of your transactions online, 24/7.
Secure & Trusted

Secure & Trusted

  • SSL/TLS encryption & cloud data.
  • A Financial Registration of Money Service Business (MSB).
  • Trusted globally by providing services for over 132 countries.
Simple & Convenient

Simple & Convenient

  • No more cash, no more queuing.
  • Available on many electronic devices.
  • Friendly interface, no need to visit, we’re here to help around the clock.
Open an overseas business account online now!

The Only Corporate Account You Ever Need

We would love to help you get started and support you along the way.

Corporate Account - Frequently asked questions

1. Who has the authority to open a corporate current account?

A Corporate Account or a Corporate Current Account can only be opened by the chief executive officer (CEO) or the owners of a company. They will need to complete the identification procedure, required by DNBC Financial Canada Limited (""DNBC ""), this process will include filling our application forms and a short remote interview. If you ever encounter any issues with the process, our Relationship Manager will be ready to support you, just give us a call.

In the case where you are not the CEO of a company, but an authorized person, you also need to complete the identification procedure before the process to open the account. Afterward, you'll be required to submit a power of attorney or a permission with e-signature by the company CEO to complete the steps to open a Corporate account. Please don't feel disheartened with the list of required documents, we will provide you with a Relationship Manager to guide you through the process and tell you exactly which paper we would need from you.

Corporate accounts provided by DNBC are only available for companies that are currently retaining active status. We will need additional information about your field of operation to complete the opening process. This can be a hassle at first but this process will assist us in providing you with the appropriate features according to your business.

See more: Open a corporate account with DNBC Financial Canada Limited.

2. What Is SWIFT?

SWIFT - Society for Worldwide Interbank Financial Telecommunication.

Transaction orders are transmitted between members of this network.

Each member is identified with a unique SWIFT/ BIC code.

To this day, SWIFT is the biggest and most efficient tool for international money transfer, with over 11.000 member institutions in over 200 countries, sending over 5 billions financial messages globally every year.

3. Can I open a personal account for business purposes instead of corporate account opening?

A Corporate Account is made for commercial or business purposes. It can perform more transactions in one day with a higher transaction limit. A Corporate Account has all the functions of a Personal Account together with the exclusive Merchant Account function, which supports incoming payments to your account including accepting debit/credit cards from customers, support chargeback transactions and many more. In short, if you are interested in running your business effectively with the best possible support, you should choose to open a DNBC Corporate Account.

At DNBC, corporate account opening is as easy as opening a personal account with a dedicated Relationship Manager to guide you through the process, which would make it as simple as it can be. So there is no reason to use a personal account if you want to startup or currently run a business yourself.

See more:

4. What Does SWIFT Code Represent?

SWIFT works by assigning each member institution a unique ID code that identifies the bank name, country, city, and branch.

For example, a member of DNBC Financial Group in Europe - DSBC Financial Europe code is: DSFE LT 21 XXX

  • The first 4 characters represent our institution (DSFE - DSBC Financial Europe).
  • The 2 following characters represent the country that the member has been based in (LT - Lithuania).
  • The other 2 following characters might be used to represent the location/city or a combination of numbers based on the organization's liking.
  • There might be an additional 3 characters of the institution’s branches.
5. How to open an account for a company which is not registered in Canada?

At DNBC, we are aiming to provide the best services for businesses from everywhere across the globe. Companies that are not registered in Canada can also apply for a DNBC Corporate account with as simple a procedure as the one in Canada. The companies will need to provide following documents for a new corporate account opening:

  1. Passport of the Directors/ Shareholders (and all related parties).
  2. Proof of residential address of the Directors/ Shareholders (Utility bill or bank statement not older than 3 months) and of those authorized signers.
  3. Documents that verify Business Legal Entity:
    • Certificate of Incorporation (COI).
    • Memorandum of Article of Association (M&AA).
    • Certificate of Shareholders + Licenses (if any).
    • Supporting documents (Commercial Invoice or Sale Agreement, Contract…).
6. What Are The Differences Between SWIFT And Non-SWIFT?

 

Difference between Non-SWIFT and SWIFT:

 

Network States of Canada. 170 countries and territories.
Currency CAD. Multiple currencies.
Transaction time 01-02 business days. 02-05 business days.
Or more depending on the relationship between the two financial institutions
Transaction limit

10,000 CAD/day for a personal account.

50,000 CAD/day for a corporate account.

Note:
This is the default limit when establishing your account.
The limit can be increased up to 200,000 CAD for personal account and 500,000 CAD for corporate account..
Contact +1 (949) 508 0235 for transaction limit update.
Transfer fees Cheaper for transfer within States of Canada. Depends on the fees of the correspondent banks involved.

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NEW CANADA OFFICE: DNBC CHEERING NEW USERS BY GETTING A FREE 3 MONTHLY MAINTENANCE FEE FOR PERSONAL & CORPORATE ACCOUNT

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About Us

We are always proud of being an experienced Financial Institution in the global financial payment market.

We provide the best payment platform as well as worldwide money remittance service. DNBC Financial Canada Limited can assist you with different payment methods, whether it is a personal account or a business account.