VP Bank Account Types

VP Bank offers a range of account types tailored to meet the needs of its clients, including personal, investment, and savings accounts. The minimum account size for clients varies by location: for non-BVI clients, the minimum is $100,000, while for residents, it is $50,000. VP Bank Singapore specializes in wealth management and investment services, requiring a minimum deposit of 2,000,000 SGD, with an initial funding of 1,000,000 SGD necessary to open an account. Notably, operational accounts are not available at VP Bank Singapore. The bank provides multi-currency accounts and personalized investment advice, ensuring clients receive tailored solutions to their financial needs.

VP Bank Broker Account Opening Process

The account opening process at VP Bank involves several key steps:

• Initial Consultation: Understanding the client's needs and business.
• Documentation: Signing bank forms and collecting necessary documents.
• Document Submission: Sending documents for analysis.
• Meeting Coordination: Organizing a meeting with the bank manager.
• Down Payment: Making the required initial deposit.
• Account Access: Gaining access to the account following approval.

For VP Bank Singapore, the entire process typically takes about 1 month, and a personal visit to the bank branch is required. The bank adheres to strict KYC procedures, requiring clients to provide identity and financial documentation to comply with international standards.

For more detailed information, you can visit the following sources:

• VP Bank BVI Account Types
• Opening an account in VP Bank (Singapore)
• Bank account opening in VP Bank (Switzerland)