Easy guide on Opening Bank Account for Business Lesson-8

In this lesson on the Import & export course, we will learn how to open a bank account for our firm.

It’s very easy to open the business bank account for our business so that we will visit our nearest bank, and please make sure its the main branch of the bank, because we will need many documents and pay visits the bank for export purpose, so our bank should be near, and it should be the main branch of the bank so that they can handle all the procedures easily,

So after visiting the bank, we will ask them the Types of accounts they offer, and we will select a bank that gives us all the necessary facilities, like check book, debit card, (credit card in future), bank statements easily on demand, and other bank export-related documents.

Mostly we open a current bank account because it’s having less operation cost and this type of bank account offers many facilities free of cost. and not demands for keeping some balance as well.

also, ask them for the required documents for opening a bank account.

Necessary Documents for opening a Current Bank Account

• Request letter on our business Letter Head
• National Tax Number Certificate (NTN)
• Identification Card of Nadra (CNIC)
• Official Stamp of Business
• Business Visiting Card
• Some Capital To Keep in Balance

How to Write a Request letter for opening Bank Account

we will write a simple request letter on our Business letterhead for opening a current bank account, and we will sign and stamp it,

here I have posted a Letter for all of you, so you can use it for your help, you can edit and put your own details so you can just print it on your own letterhead and use it,

so hope it cleared about bank account opening, you can open an account in any bank which suits you, I will recommend you to open an account in United Bank, Allied Bank or Askari Bank, as I’m using these banks and I’m satisfied with their services.

Ok so in the Next lecture we will study Important Business Terms, so keep visiting our Blog and learn about Import & export business with Saeed Saleem.

meanwhile, if you are visiting first time, you can study from Lesson 1 and ask us by comment if you have any questions.

Thanks,