Open Your Correspondent Bank Account

Why Correspondent Bank Accounts Matter

Correspondent banking relationships are the lifeblood of international finance, enabling cross-border transactions and access to global financial networks. For offshore banks and fintech businesses, securing strong correspondent bank accounts is crucial for growth and success.

Your Trusted Partner in Correspondent Banking

IFB specializes in helping offshore banks and fintechs navigate the complexities of correspondent banking. Our approach and commitment to client satisfaction set us apart. We work with a diverse clientele, including:

Commercial and Private Banks;
Trust Companies;
Wealth Managers;
Finance Companies;
Credit Unions;
Payment Processors;
E-Wallets;
Forex Brokers;
Offshore Fund Managers;
Cryptocurrency Exchanges.

Tailored Solutions for Your Unique Needs

We understand that every client is different, with unique requirements and business models. That’s why we begin with a thorough analysis of your needs to ensure the most suitable correspondent banking solutions. Whether you’re a crypto exchange or a traditional wealth manager, we can help you identify the right partners and optimize your transaction flows.

Securing correspondent accounts can be a daunting challenge for startup fintechs. IFB leverages its extensive network and expertise to connect you with the right correspondent banks, increasing your chances of success. We have successfully facilitated correspondent account openings in diverse locations, including the USA, Puerto Rico, Denmark, Portugal, South Korea, and Guyana.

SWIFT Membership and Correspondent Accounts

While SWIFT membership is not mandatory for opening correspondent accounts, it can be beneficial for accessing the global SWIFT network. IFB can assist you in obtaining SWIFT membership and connecting with our recommended tech partners for seamless implementation.

Timeline and Documentation

Our efficient processes can lead to correspondent account openings in as little as 10 days. We require the following documents to initiate the process:

Copy of Bank/Financial Service Company incorporation file (notarized and apostilled);
Copy of Bank/Financial Services License (notarized and apostilled);
Copy of Director/Shareholder passports (notarized);
Proof of address (less than 2 months old);
Curriculum vitae of director/shareholder;
Notarized Power of Attorney with local law firm;
FATCA Self-Certification Form (Entities) if account is in USD;
Bank disclosure form.

Take the Next Step with IFB

Contact IFB today to discuss your correspondent banking needs. We’ll work closely with you to develop a personalized plan, secure the right accounts, and unlock your business’s full potential.