Business account application form for a sole trader

Business account application form for a sole trader Internal use only 1. Sole trader Title Forename(s) Surname Trading name (if applicable) Date of birth (dd/mm/yyyy) Mr Mrs Miss Other Town of birth Country of birth Nationality Mother s maiden name Passport number (or identity card number, EU nationals except UK) Expiry date (dd/mm/yyyy) / / Country of issue Residential status Mobile number Home telephone Work telephone Email address Website address Other Contact information Home owner / / Tenant (Please provide a mobile number and at least one other number where possible) Important information for completing this form: All blue sections must be fully completed in black ink. Grey sections are conditional. Incomplete applications will not be accepted. Please refer to the documentation and certification requirements section on page 5 to ensure you provide all the information required to complete the application. Permanent residence address (UK only) Property number Street name Town Area Postcode Date moved to this address Trading address (if different from permanent address) Property number Street name Town Area Postcode Previous residence address (if changed in the past 3 years) Property number Street name Town Area Postcode / / Tax information Are you a US person* Yes No Jurisdiction(s) in which you are resident for tax purposes National Insurance/Tax Identification Number (TIN*) Primary jurisdiction Additional jurisdiction Additional jurisdiction TIN TIN TIN Reasons for not being able to provide TIN(s) * See Guidance notes on page 5 Page 1 of 5

Business information Activities/trading sector Year established Number of years in operation Number of employees Please list the countries you expect to send or recieve international transactions to or from Internal use only Assets value from balance sheet Expected annual credit turnover on account(s) Expected annual total cash that will be paid into the account(s) Expected annual total incoming international transactions Expected annual total outgoing international transactions 2a. Account(s) to be opened Business Current Account Currency Cheque book Paying in book How to apply* Contact us Professional Client Account Sterling only Contact us Premium Client Account Sterling only n/a Contact us Instant Access Account n/a Contact us 35 Day Notice Account n/a 95 Day Notice Account Sterling only n/a Fixed Rate Bond Sterling only Term Business FlexiBond Sterling only 1 year n/a n/a By post or contact us By post or contact us By post or contact us By post or contact us * You can contact us for information about how to apply by email at customerservice@bankofcyprus.co.uk or call us on 0345 850 5555 (+44 20 3375 6422 from outside the UK). Calls may be recorded for monitoring and training. You can post your completed application form (including required documents) to Customer Service, Bank of Cyprus UK, PO Box 17484, 87 Chase Side, London, N14 5WH Please note Cheque books, where offered, are only available in sterling and are not supplied to overseas addresses Professional Client Account is available to solicitors, accountants, insurance companies and insurance brokers Premium Client Account is available to estate and property management agents Client and Instant Access Accounts are available only with a Business Current Account Available currencies are sterling, euro and US dollar unless indicated Deposit instructions Please complete section 5 for Bond and Flexibond deposit instructions. For all other accounts, we will send you a welcome pack when your new account has been opened with instructions on how to deposit funds into your new account. 2b. How did you find us? Bank of Cyprus UK website Bank of Cyprus UK mailing or email Staff member* (*please specify) Other website or publication* Intermediary* Other* 3a. Text message service Our text message service provides a weekly update on the available balance on your current account and a message advising when a new statement is available to be viewed online. If you would like to register for this free service, please give us your UK mobile telephone number You can add up to two additional mobile numbers through Online Banking or by calling us. You will also be able to register for additional free alerts via Online Banking. You can apply for these by completing the Text Message Service application form (BR163), or you can set up your text service via Online Banking. 3b. Online Banking Our Online Banking service is available 24 hours a day, 7 days a week. This service enables you to manage your account(s) more effectively. Please complete the Online Banking application form for business customers (OLB001) available from your Banking Manager or from our website. Page 2 of 5

3c. Other products and services Internal use only Accepting payments by debit and/or credit cards Tick here if you would like to accept payments by debit and/or credit cards. Counter services Tick here if you have completed and attached the cashing facility application form in order for you to use a local HSBC branch for withdrawals. Market update Tick here if you would like us to email you a regular economic update including major currency movements. 4. Security details Password (minimum 6 characters) When you contact us for the first time you will be asked to provide this password. You will then be asked to change this password and provide additional security details. It is your responsibility to manage and protect this password and ensure that only authorised individuals have access to it. 5a. Deposit instructions for Fixed Rate Bonds or FlexiBonds Amount to be deposited. Amount in words Method of deposit Online/electronic payment Transfer from Bank of Cyprus UK account number CHAPS Cheque Please tick this box if you intend to send your deposit using more than one payment (from the same bank account). Please note that all payments must reach us within two working days of the first payment being received. Payment information Debit card (UK cards only) - If you wish to make a payment by debit card, you can apply for a Bond or FlexiBond online at www.bankofcyprus.co.uk or call Customer Service on 0345 850 5555. Account details for online/electronic and CHAPS payments: Sort code 40-63-77 Account number 92010004 Account name Bond Deposit Account Reference Your surname, initial and BOCBOND If depositing by cheque please enclose it when you send your application to us. When making your deposit, whether by cheque or electronic payment, you must send it from a UK bank account held in your name. If not, we may have to carry out additional proof of identity checks which could delay the opening of the account(s). 5b. Source of deposit Please provide details of where the funds are from eg business profits, savings or sale of property, etc. 5c. Nominated interest account Name(s) of account holder(s) These details are required for FlexiBond withdrawals and Bonds that pay interest monthly or annually. Account number Sort code Name of Bank or Building Society Page 3 of 5

6. Declaration and signing instructions Internal use only By signing below you are applying to Bank of Cyprus UK Limited trading as Bank of Cyprus UK ( we/our/us ) for banking services, you: i) confirm that you are 18 years of age or over; ii) confirm that all details you have supplied are true and complete; ii) authorise us to make enquiries about you, including enquiries at credit reference and fraud prevention agencies; iv) authorise us to disclose to credit reference and fraud prevention agencies details we hold about you; v) acknowledge that credit reference agencies record searches undertaken and all information they record can be used by other lenders to assess applications from you and members of your household; vi) acknowledge that if false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering. Examples of how fraud prevention agencies may use this information can be obtained from the Privacy policy section of our website at www.bankofcyprus.co.uk; vii) agree to inform us within 30 days of any changes in the information provided including any change in circumstance that would affect your tax residence; viii) agree that your account details can be shared with the relevant tax authorities in accordance with any statutory requirements; ix) acknowledge that you have read and accept the current version of the Conditions for the Bank of Cyprus UK product(s) being applied for and the FSCS Information Sheet and Exclusions List. Please retain a copy of these documents for your records. Print name Specimen signature Date (dd/mm/yyyy) / / Keeping in touch We'd like to inform you about some of our products, services and offers which we think you may be interested in (including those we offer that are supplied by other companies). Please indicate which of the following we can use to contact you. You can tick more than one as not all promotions will be available through each channel. We will not pass your information on to third parties. All Telephone Mobile Post Email For office use only - officer s assessment (tick appropriate box, sign, date) I confirm that I have certified all the supporting documentation enclosed with this application and that the supporting documentation is complete, or I confirm that I have certified all the supporting documentation enclosed with this application and the following supporting documentation is still to be provided, or I have checked each copy document supporting this application and confirm they have all been certified as true copies of the original(s) fully in accordance with our requirements, or I confirm that the details in this application have been verified by electronic means. Signature Print name Position / / Date (dd/mm/yyyy) Page 4 of 5

Documentation and certification We will open your Fixed Rate Bond or FlexiBond subject to recieving a fully completed application, your cleared deposit payment and confirming your details. For all other accounts we will require proof of identification documents. If we need anything further we will contact you. Documentation for individuals UK residents: We will make electronic enquiries to verify the details for each individual who is part of the application. We may also require some or all of the documentation listed below before opening the account and will contact you to advise you if so required. Photo identification eg passport or photo card driving licence issued by an EU state. Proof of permanent residence address dated within the last 3 months eg utility bill or UK or EU bank statement. PO Box addresses are not acceptable. Mobile phone bills and printed online statements are not acceptable. Certification Requirements Documentation supporting the application must be the original(s) or copies certified as true copies of the original(s) by a UK or EU bank, a UK or EU accountant, a UK or EU solicitor or UK post office. For applicants residing outside the EU, we will accept documents certified by an equivalent professional. All documentation and certification submitted must be in English. The professional certifying the documents must be clearly identifiable and thus all relevant official stamps must be used, ie name of individual certifying, professional registration reference (if applicable), company name, address, email address, business telephone number and date. Guidance notes The guidance notes explain some of the terms used in this form. For the avoidance of doubt, the guidance notes are for reference purposes only and do not constitute tax advice. If you require further guidance then you should seek professional assistance or contact HMRC. Tax Residency Please specify in this form ALL jurisdictions in which you are resident for the purposes of income tax. If you have more than one jurisdiction of residency please list each one. TIN: This is the tax identification number that your country of residence for tax purposes has issued you. This would include, for example a National Insurance Number (UK, Guernsey, Jersey and Isle of Man) or an Individual Tax Identification Number (USA). TIN unavailable: Please provide the reason(s) why you cannot provide a TIN you have been issued or confirm if your country of residence does not provide such numbers. US person: A US Person for the purpose of the Foreign Account Tax Compliance provisions (commonly known as FATCA) includes US citizens (even if residing outside the USA) or resident individuals please confirm whether this applies to you. A resident individual could include, but is not limited to, Green Card holders and individuals that meet relevant substantial presence tests. If you require guidance on the substantial presence test please visit the HMRC website or seek professional assistance. We may contact you, now or in the future, for additional information if you are a US person. Page 5 of 5

Basic information about the protection of your eligible deposit Eligible deposits in Bank of Cyprus UK Limited are protected by: Limit of protection: If you have more eligible deposits at the same bank: If you have a joint account with other person(s): the Financial Services Compensation Scheme ( FSCS ) 1 75,000 per depositor per bank Reimbursement period in case of bank s failure: 20 working days 4 Currency of reimbursement: To contact Bank of Cyprus UK Limited for enquiries relating to your account: To contact the FSCS for further information on compensation: More information: Additional information All your eligible deposits at the same bank are aggregated and the total is subject to the limit of 75,000. 2 The limit of 75,000 applies to each depositor separately. 3 Pound sterling (GBP, ) or, for branches of UK banks operating in other EEA Member States, the currency of that State. Bank of Cyprus UK Limited 87 Chase Side London N14 5WH Tel: 0345 850 5555 Email: customerservice@bankofcyprus.co.uk Financial Services Compensation Scheme 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU Tel: 0800 678 1100 or 020 7741 4100 Email: ICT@fscs.org.uk http://www.fscs.org.uk 1 Scheme responsible for the protection of your eligible deposit Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to 75,000 by the Deposit Guarantee Scheme. 2 General limit of protection If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers at maximum 75,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with 80,000 and a current account with 20,000, he or she will only be repaid 75,000. In some cases eligible deposits which are categorised as temporary high balances are protected above 75,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: a) certain transactions relating to the depositor s current or prospective only or main residence or dwelling; b) a death, or the depositor s marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity; c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained at http://www.fscs.org.uk. 3 Limit of protection for joint accounts In case of joint accounts, the limit of 75,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of 75,000. Bank of Cyprus UK, Page 1 of 2

4 Reimbursement The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU, Tel: 0800 678 1100 or 020 7741 4100, Email: ICT@fscs.org.uk. It will repay your eligible deposits (up to 75,000) within 20 working days until 31 December 2018; within 15 working days from 1 January 2019 until 31 December 2020; within 10 working days from 1 January 2021 to 31 December 2023; and within 7 working days from 1 January 2024 onwards, save where specific exceptions apply. Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses (in the case of a depositor which is not an individual or a large company) within 5 working days of a request. Again, there are specific exceptions to this obligation. In the case of a depositor which is a large company, where the FSCS cannot make the repayable amount available within 7 working days, it will, from 3 July 2015 until 1 December 2016, ensure that you have access to your covered deposits within fifteen working days of a request containing sufficient information to enable it to make a payment, save where specific exceptions apply. In the case of a depositor which is a small local authority, where the FSCS cannot make the repayable amount available within 7 working days, it will, from 3 July 2015 until 1 June 2016, ensure that you have access to your covered deposits within fifteen working days of a request containing sufficient information to enable it to make a payment, save where specific exceptions apply. If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. More information can be obtained at http://www.fscs.org.uk. Other important information In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. Your bank, building society or credit union will also inform you of any exclusions from protection which may apply. If deposits are eligible, the bank, building society or credit union shall also confirm this on the statement of account. EXCLUSIONS LIST A deposit is excluded from protection if: 1) The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union. 2) The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering. 3) It is a deposit made by a depositor which is one of the following: credit institution financial institution investment firm insurance undertaking reinsurance undertaking collective investment undertaking pension or retirement fund 1 public authority, other than a small local authority. The following are deposits, categories of deposits or other instruments which will no longer be protected from 3 July 2015: deposits of a credit union to which the credit union itself is entitled deposits which can only be proven by a financial instrument 2 unless it is a savings product which is evidenced by a certificate of deposit made out to a named person and which exists in a Member State on 2 July 2014) deposits of a collective investment scheme which qualifies as a small company 3 deposits of an overseas financial services institution which qualifies as a small company 4 deposits of certain regulated firms (investment firms, insurance undertakings and reinsurance undertakings) which qualify as a small business or a small company 5 refer to the FSCS for further information on this category For further information about exclusions, refer to the FSCS website at www.fscs.org.uk 1 Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded 2 Listed in Section C of Annex 1 of Directive 2014/65/EU 3 Under the Companies Act 1985 or Companies Act 2006 4 See footnote 3 5 See footnote 3 Bank of Cyprus UK, Page 2 of 2