Bank Accounts
RBMV Bank - Royal Bank of Mount Vema |
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When you submit this application, you authorise us to open a Personal or Personal Savings Account, Business or Business Savings Account, Special Savings Account, Time Deposit Account, Wealth Management Account and such further account(s) of whatever nature in your name, that we deem necessary for the purposes of providing you with products and services offered by us to our customers. Your instructions in respect of the Accounts, Securities and Securities Transactions given via our webpages on this website or any other form of electronic communication acceptable to RBMV Bank shall be in accordance with the General Terms and Conditions set out herein - Updated | May 2021.
| BY SUBMITTING THE APPLICATION FORM, YOU HAVE AGREED TO THE - : RBMV Bank Agreement and General Terms and Conditions - Updated | May 2021 |
The RBMV Bank shall be entitled to treat instructions to open a bank account as duly authorized by and binding on you without waiting for any confirmation or the original instruction in writing; and without making any inquiry as to the authority or identity of the person(s) giving or making or purporting to give or make such instruction. However, the RBMV Bank is entitled to refuse to accept, rely or act on any instruction without giving any notice or assigning any reason. If the RBMV Bank receives any instructions outside Banking Hours on a Business Day, the RBMV Bank will only consider such instructions on the next working day. “Banking Hours” are the hours on any Business Day that RBMV Bank processes Instructions.
In the event that RBMV Bank receives two or more instructions which the RBMV Bank considers to be inconsistent, the RBMV Bank is entitled to (a) refuse to accept, rely or act on such instructions until the RBMV Bank has obtained satisfactory clarification; or (b) accept, rely or act upon such instructions as the RBMV Bank think fit. You agree that RBMV Bank may at any time perform a call back to confirm the instruction given, or request that you provide the RBMV Bank, within a specified period, with the original instruction in writing duly signed by the authorized signatory(ies).
In the event that RBMV Bank receives two or more instructions which the RBMV Bank considers to be inconsistent, the RBMV Bank is entitled to (a) refuse to accept, rely or act on such instructions until the RBMV Bank has obtained satisfactory clarification; or (b) accept, rely or act upon such instructions as the RBMV Bank think fit. You agree that RBMV Bank may at any time perform a call back to confirm the instruction given, or request that you provide the RBMV Bank, within a specified period, with the original instruction in writing duly signed by the authorized signatory(ies).
Who can get a Mount Vema bank account?
You need to be over 18 to open an account. If you are under 18 you can open an account with your parents’ help. If your child can’t open an account you might want to look at savings accounts for children. The RBMV Bank offers accounts you can access from the age of seven.
You need to be over 18 to open an account. If you are under 18 you can open an account with your parents’ help. If your child can’t open an account you might want to look at savings accounts for children. The RBMV Bank offers accounts you can access from the age of seven.
- Minimum monthly payment - the RBMV Bank account requires you to pay a minimum amount into your account every month, either from wages, benefits, pension, return from your investments, or simply regular deposits.
- Account Maintenance Fee - the RBMV Bank will charge you the account maintenance fee of 14.00 golles per month. You don't have to do any paperwork, as the amount will be deducted from your account at the end of the month. If your account balance is 0.00, the charge will go to overdraft. You will need to ensure that you are in funds, to avoid unauthorized overdrafts which can lead additional charges.
- Credit history - If you need a bank account for credit, you might need to pass a credit check if you intend to apply for an overdraft, loans or a credit card after you open the account. To build a history with Mount Vema you need to engage with the society. A basic bank account with the RBMV Bank is the best way to start, in order to build a credit history.
- Proof of identity - you will be required to provide proof of your identity before you can open a bank account such a copy of your passport.
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RBMV Bank - Royal Bank of Mount Vema
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004
