Is your company eligible to open a business account?
To open a business account, your company must meet the bank's eligibility criteria. Generally, banks require the company to be registered with the relevant government agency, have a physical address, and have all necessary permits and licenses to operate in their respective industries. Additionally, the company may need to provide certain financial documents, such as tax returns or financial statements, to prove its financial stability. It's important to check with the specific bank for their specific requirements and eligibility criteria for bank account opening.
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