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Business Account

This type of account is in Mount Vema golles (The currency of the Kingdom of Mount Vema). However, the account holder can make deposits or receive money in any currency, anywhere in the world.

Bank Deposits: Bank deposits can be made online by card which is the most recommended form of depositing funds into the account, or through a money transfer agency, or any local authorized agent acting as a branch of the bank (this type of deposit can reflect on the account instantly, next day, or it can take up to 10 days when anti Money Laundering (AML) compliance checks are required by the Bank of Mount Vema by requesting the proof of the source of fund.

Cash Withdraw: If you earn in golles, or have savings in golles, and wish to spend your money in the currency of your home country or in the local currency of any other country, you can do it as follows:
a)- Transfer the funds into a bank account in your local currency, or into a foreign bank account, to be able to spend it in local currency.
b)- Pay with your bank card wherever in the world gollecard is accepted as a form of payment.
c)- Send your golles to a local money transfer agency in your home country or to a money transfer agency in the country where you intend to travel to and collect it from them in local currency.
Requirements:
Business Certificate of Incorporation (applicable to all legal entities worldwide)

Fee:
Account Maintenance Fee - 14 golles per month. This amount is deducted from your account at the end of the month. When the account balance is 0.00, the charge goes to overdraft. The account holder needs to ensure that the account is in funds, to avoid unauthorized overdrafts which can lead additional charges. Please note that there is a one-off payment fee of 50.00 Golles to open any bank account with us (business or personal account). However, please also note that we will not charge your card for this fee until your application for a bank account has been accepted.