I'm applying for a family office. What documents do I need?

Family offices often choose Transfer Vault because of our ability to cater to their complex structure, which typically includes multiple legal entities. When applying to Transfer Vault, family offices must comply with our standard compliance and Know Your Customer (KYC) checks, which require the following documents:

For all Company Directors, Major Shareholders, and Account Operators:

For the Company Itself:

During the application process, you’ll need to identify individuals with more than a 25% stake in the company, along with directors and authorized signatories. This helps determine the Ultimate Beneficial Owner(s) (UBO).

In some cases, we may require verification of your company’s ownership structure by an accountant or another reputable third party.

Additional Information about Applying to Transfer Vault for a Family Office:

Our business banking solutions offer practical and cost-effective options for family office clients. We facilitate opening accounts for each legal entity within the family office, allowing treasurers to manage transactions seamlessly across different entities using a single banking platform. This setup ensures immediate and fee-free transfers between accounts.

We are dedicated to understanding the unique needs of family offices. Typically, one Personal Client Manager works closely with the entire family office, developing a deep understanding of the treasurer and each entity’s requirements. This approach streamlines processes and enhances overall efficiency.

We welcome discussions to tailor our services to meet your specific needs. Whether you have multiple legal entities or complex transaction requirements, Transfer Vault is here to support your family office with robust banking solutions.

For more details or to start the application process, please contact our team.

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