Business Account - Stanbic Bank Zimbabwe

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Open a Business Account

Fill out this form to open a business bank account with Stanbic Bank Zimbabwe.

ACCOUNT OPENING REQUIREMENTS

All upload file formats must be images, videos, or PDFs.

Kindly note and comply with the following for your uploads;

Sign a blank sheet of white paper
Using the camera app on your phone, take a picture of the signature. (It is recommended that you the zoom functionality to minimize unnecessary white space).
Email the photo to yourself
Save the file to a location where it will be easily accessible
On the selfie video say your full name and I.D. number

Dear Prospective Customer, as part of your online application for a bank account with us, please be informed that the following supporting documents will be required of you to upload.

Proof of Identification

Locals - National ID (metal/plastic) or driver’s license
Foreigners - Valid passport for foreign nationals only

Proof of Residency - (Current utility bill (Zesa, TelOne, Rates/water, ZOL, Stamped current bank statement from another bank bearing current address) if the bill does not bear the prospective account holder’s name we require an ID of the property owner as reflected on the utility bill and the property owner to complete a cohabitant form.

CLICK HERE TO DOWNLOAD THE COHABITANT FORM

CLICK HERE TO DOWNLOAD THE SIGNATURE CARD

Below are specific requirements for each business category:

Additional supporting documents below, are to be sent via email to enterprisewebdocuments@stanbic.com

Private Limited Company

12 months statement from the current banker (if applicable)
Financial Statements from the previous year/projected financials
Company Profile - declaration of source of Income
Memorandum and Articles of Association

Private Business Corporation (PBC)

Company Profile - declaration of source of Income

Partnership

Copy of any relevant founding documents (Trust deed)

Trust/Attorney Trust

Copy of any relevant founding documents (Trust deed)
Trust Profile - declaration of source of Income

Click next to proceed to begin filling out the form for your business' bank account creation.

Date

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Account Number

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Section 1 - Entity type

Copy of ID document (all related parties)*

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Selfie photo*

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Proof of residence of all the directors and signatories in the form of utility bills – landline telephone, electricity – rates, or water bills (not older than 3 months)*

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ID/ valid passport (all related parties)*

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Valid ZIMRA Tax Clearance Certificate / Bank Clearance Certificate*

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Financial Statements from the previous year/projected financials*

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Company Letterhead Sample*

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Copy of minutes of the meeting held to open the account*

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Proof of residence for the business (Can be a business letterhead reflecting the physical address, supported by a utility not older than 3 months)*

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Copy of any relevant founding documents*

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List of authorized signtories*

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Certificate of registration from the Health Professions Authority of Zimbabwe (to be renewed on expiry)*

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Health Registration Certificate from the City Council (to be renewed on expiry)*

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Practise Letterhead Sample*

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Proof of residence/business address*

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Proof of residence in the form of a utility bill, not more than three months old.*

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CR2 Form (If the CR 2 is not readily available, we would appreciate a letter detailing the shareholding structure on company letterhead signed by the company secretary/directors)

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CR6 /CR5 Form (Company certificate stating registered company address)

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Customer records video saying out the full name, ID number (any of the signatory to upload as per signing instruction)*

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PDF signature card for customers to print, sign and upload the signature card*

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PBC Certificate*

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12 months statement from the current banker (if applicable)*

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Company Profile - declaration of source of Income*

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Tax clearance

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Proof of income (cash flow projections, financials or bank statements, and business profiles)*

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Practice certificate/license for professionals e.g doctors, dentists, quantity surveyors*

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List of authorized trustees, beneficiaries, and donor/settlor*

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Copy of either an ID card (metal or plastic), driver’s license, or valid passport for all trustees, beneficiaries, donor/settlor, and signatories*

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Constitution (If applicable) *

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List of authorized practitioners (if joint practice or clinic)*

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Practicing certificate from the Medical and Dental Practitioners Council Zimbabwe (to be renewed on expiry)*

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Practise Profile - declaration of source of Income*

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Proof of residence of all the trustees, beneficiaries, and signatories in the form of utility bills – landline telephone, electricity – rates, or water bills (not older than 3 months)*

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Certification of Incorporation*

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Certificate of change of name (If applicable)

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Trust Letterhead Sample

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CR14/CR6 Form (Company certificate with a list of all directors)

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Related Party form - Personal details

Download file, fill, and upload below

Personal details 1

Personal Details*

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National ID*

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Proof of residence*

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Self-picture *

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Self-video *

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Personal details 2

Personal Details 2*

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National ID*

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Proof of residence*

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Self-picture *

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Self-video *

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Personal Details 2

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National ID

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Proof of residence

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Self-picture

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Self-video

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Personal details 3

Personal Details 3

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National ID

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Proof of residence

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Self-picture

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Self-video

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Personal details 4

Personal Details 4

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National ID

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Proof of residence

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Self-picture

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Self-video

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Personal details 5

Personal Details 5

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National ID

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Proof of residence

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Self-picture

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Self-video

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Personal details 6

Personal Details 6

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National ID

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Proof of residence

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Self-picture

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Self-video

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Section 2 - Accounts required

Current account / Business Transaction account / Trust account *

YesNo

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Section 3A - Applicant Information

Residency*

Resident

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If non-resident - Country of incorporation

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Registered Name (as is on Certificate of Incorporation)*

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Name of account/Trade name

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Identity / Trust / Registration no. / National Identity Number / Registration Certificate / Licences number

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Registration Date*

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Establishment date*

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Physical business address*

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Postal code*

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Postal Address*

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Postal code*

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Head office address/Registered address (if applicable)

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Postal code

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Income Tax number (10 digits)

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VAT number

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Financial year end*

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Average annual income*

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Reason for opening account with this institution*

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Type of activity expected on the account (e.g. cash deposits, debit orders)*

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Source of funds (e.g. Donation, Third Party loan, Sales, Shareholders)*

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Source of income (e.g. profit from sales)*

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Type of business conducted*

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No. of Employees/members*

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Business telephone number*

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Business fax number

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Business email address*

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Website

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Section 3B - Contact details

Title*

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Contact person

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Capacity

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Contact telephone number

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E-mail Address

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Title

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Contact person

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Capacity

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Contact telephone numbers

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E-mail Address

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Title

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Contact person

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Capacity

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Contact telephone numbers

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E-mail Address

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Title

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Contact person

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Capacity

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Contact telephone numbers

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E-mail Address

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Title

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Contact person

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Capacity

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Contact telephone numbers

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E-mail Address

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Key Contact Person Name 1*

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Country Code

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Key Contact's Mobile1

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Key Contact's Email1

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Key Contact Person Name 2

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Country Code

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Key Contact's Mobile 2

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Key Contact's Email 2

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Section 3C - References

Record details of two business/trading associates the bank may contact to obtain trade references

Name of firm/company

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Name of contact person

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Telephone number

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E-mail Address

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Name of firm/company

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Name of contact person

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Telephone number

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E-mail Address

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Section 4 - General (Resolution)

For (insert name of business, company, body, etc.)*

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Name

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Authorised Signature

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Capacity

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Date

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Name

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Authorised Signature

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Capacity

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Date

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Name

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Authorised Signature

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Capacity

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Date

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Company seal/stamp

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Section 5 - Specimen signature form - Mandate file

Specimen signature form*

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Section 6 - Release and indemnity, fax, telephone and email transmissions

Whereas I/We, the undersigned

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Herein represented by

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Represented by (and)

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Capacities as

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Capacities as (and)

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Resolution passed by us on

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Now therefore, I/We do hereby:-

Acknowledge that it is not practical for the Bank to establish the authenticity of all messages telefaxed or emailed or given via telephone to the Bank which purport to emanate from me/us.
Agree that all faxed or email or telephonic instructions, mandates, consents, commitments and the like which purport to emanate from me/us shall be deemed to have been given by me/us in the form actually received by the Bank (purported faxed or email or telephonic instructions) - which may as a result of the malfunction of equipment, the distortion of communication links and the like, be different from that intended or sent - and I/we shall be bound thereby.
Waive any rights I/we may have or obtain against the Bank arising directly or indirectly from losses or damages including matters related to notice of lost and cancelled foreign drafts and cheques, which I/we may suffer because the Bank acts on purported faxed or emailed or telephonic instructions, and I/we agree to indemnify the Bank in respect of any claims, demands or actions made against it or losses or damages by it because it so acted.
Agree that in respect of purported faxed or email or telephone instructions regarding payment by cheque, draft, mail or telegraphic transfer for the benefit of third parties, the purchase or sale of any foreign currencies, the purchase or sale of Stock Exchange Securities, the transfer of money, whether the transfer is from any account in the Company’s name to any other account in the Company’s name or to any account in the name of the third party at any branch of the Bank or at any branch of any other Bank, same day value may only be given if the message is received by the Bank a reasonable time before the close of its business to the public.
Agree that the Bank is not to be held liable for errors or delays in transmissions, or the misinterpretation on receipt, or for any loss or damage from whatever cause as a result of the Bank permitting this agreement, excluding losses arising from the proven unlawful or fraudulent acts of the Bank’s employees.
Agree to implement and adhere to any procedures and/or restrictions imposed on me/us by the Bank from time to time regarding the sending of faxed or emailed instructions to the Bank.
Agree that this release and indemnity will not be affected by any failure by the Bank to impose any or sufficient procedures or restrictions or to ensure that any, or all of them are adhered to.
Agree that the Bank will not be obliged to act on any purported faxed or emailed or telephone instructions and that it may at any time on written notice

Sent to me/us at (email address)*

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Confirmation within at least 14 working days

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Signed at

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on this

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day of

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Chairman’s/Director signature and name

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Director/Company secretary’s signature and name

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As witnesses

Name and signature

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Name and signature

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For and on behalf of*

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Enterprise Online Banking

User Details

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Surname

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Phone

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Role*

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Enterprise Online Banking - Authorised Representatives

Name*

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Signature*

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Date*

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Signature

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Section 1 - Entity type

Entity Type:

Section 2 - Accounts required

Current account / Business Transaction account / Trust account :

Currency:

Other:

Section 3A - Applicant Information

Residency:

If non-resident - Country of incorporation:

Registered Name (as is on Certificate of Incorporation):

Name of account/Trade name:

Identity / Trust / Registration no. / National Identity Number / Registration Certificate / Licences number :

Registration Date:

Establishment date:

Physical business address:

Postal code:

Postal Address:

Postal code:

Head office address/Registered address (if applicable):

Postal code:

Income Tax number (10 digits):

VAT number:

Financial year end:

Average annual income:

Reason for opening account with this institution:

Type of activity expected on the account (e.g. cash deposits, debit orders):

Source of funds (e.g. Donation, Third Party loan, Sales, Shareholders):

Source of income (e.g. profit from sales):

Type of business conducted:

No. of Employees/members:

Business telephone number:

Business fax number:

Business email address:

Website:

Section 3B - Contact details

Title:

Contact person:

Capacity:

Contact telephone number:

E-mail Address:

Title:

Contact person:

Capacity:

Contact telephone numbers:

E-mail Address:

Title:

Contact person:

Capacity:

Contact telephone numbers:

E-mail Address:

Title:

Contact person:

Capacity:

Contact telephone numbers:

E-mail Address:

Title:

Contact person:

Capacity:

Contact telephone numbers:

E-mail Address:

Key Contact Person Name 1:

Key Contact's Mobile1:

Key Contact's Email1:

Key Contact Person Name 2:

Key Contact's Mobile 2:

Key Contact's Email 2:

Section 3C - References

Name of firm/company:

Name of contact person:

Telephone number:

E-mail Address:

Name of firm/company:

Name of contact person:

Telephone number:

E-mail Address:

Section 3D - Accounts held at other financial institutions

Name of financial institution and branch:

Type of account:

Account number:

Account Currency:

Balance:

Name of financial institution and branch:

Type of account:

Account number:

Account Currency:

Balance:

FNR details

Financial Institution:

Global Intermediary Identification Number (GIIN):

Tax Identification Number (TIN):

US Related Parties (US Citizens):

Country of Principal Office:

Country of Tax Residence:

Is this your only Country of Tax Residence?:

Country of Tax Residence - 2:

TIN Number - 2:

Country of Tax Residence - 3:

TIN Number - 3:

Does the entity earn more than 50% of gross income from interest, dividends or royalties or any other passive income sources?:

Does the entity hold 50% or more of its gross assets to generate such income?:

Section 4 - General (Resolution)

For (insert name of business, company, body, etc.):

Name:

Capacity:

Date:

Name:

Capacity:

Date:

Name:

Capacity:

Date:

Company seal/stamp:

Specimen signature form:

Section 6 - Release and indemnity, fax, telephone and email transmissions

Whereas I/We, the undersigned:

Herein represented by:

Represented by (and):

Capacities as:

Capacities as (and):

Resolution passed by us on:

Sent to me/us at (email address):

Confirmation within at least 14 working days:

Signed at:

on this:

day of:

For and on behalf of:

Enterprise Online Banking

User Details

Name:

Surname:

Phone:

Email:

Role:

Name:

Surname:

Phone:

Email:

Role:

Name:

Surname:

Phone:

Email:

Role:

Name:

Surname:

Phone:

Email:

Role:

Name:

Surname:

Phone:

Email:

Role:

Name:

Surname:

Phone:

Email:

Role:

Enterprise Online Banking - Authorised Representatives

Name:

Date:

Name:

Date:

Name:

Date:

Name:

Date:

Name:

Date:

Name:

Date:

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