Signature Bank
Signature Bank is a commercial bank listed on the NASDAQ, with its headquarters located in New York, the United States (Stock Symbol: SBNY). It is also a member of the FDIC (Federal Deposit Insurance Corporation) and provides full-service commercial banking.
Signature Bank began its operations in May 2001. As of March 31, 2021, the bank's total assets had reached 85.4 billion U.S. dollars. By the end of the first quarter of 2021, Signature Bank held 74 billion U.S. dollars in deposits and ranked 22nd on S&P Global's list of the largest U.S. banks by deposits. It is the first FDIC-insured bank authorized to conduct blockchain-based digital payment services. Signet, a financial platform under Signature Bank, offers 24/7 real-time U.S. dollar payment services to clients in the United States and is also the first platform approved by the New York State Department of Financial Services to serve blockchain-related businesses.
Signature Bank was named "New York's Most Successful [Bank/Enterprise]" by Crain's New York Business. (Note: The original text is incomplete. The full title "New York's Most Successful [specific category, e.g., Bank/Enterprise]" is supplemented based on common evaluations by Crain's New York Business; please adjust if the complete original title is available.)
Fee IntroductionActivation Fund: A pre-deposit of USD 100,000 is required; separate arrangements apply to island companies.
Search Fee: USD 0
Management Fee: Normally around USD 50, with no fixed amount—it varies based on the client’s transaction frequency.
Service Fee: No fee for incoming transfers; USD 10 per transaction for outgoing transfers
Account Opening Documents1. Complete set of registration documents for the account-opening company (Required: Integrate all documents into a single PDF in order to facilitate faster review by the back-office manager). *Ensure the registration documents are complete.
2. Clear photos of the front and back sides of the passports and national ID cards of directors/shareholders (Required: Provide documents for all individuals with a shareholding ratio of more than 15%). *Shareholders with a shareholding ratio of more than 15% must all provide their passports.
3. One copy of a sales contract or letter of intent with a U.S. corporate client. *This document is mandatory.
4. Personal resume: Fill it out in English using the professional form provided by the corresponding bank. *Ensure all information is fully completed.
5. The KYC form must be filled out in both Chinese and English. For online banking users, in addition to the account signatory, information of one more user must be added (this can be additional information provided by the signatory themselves; it is not necessary to provide information of another person). *Online banking access must be assigned to 2 users.
Account Opening Process1. Submit documents for review
2. After passing compliance verification, arrange to send account information and signature documents (additional supporting materials may be requested during the compliance period)
3. Provide scanned copies of the signed documents
4. Deposit the activation fund after the account is opened
Account Opening Cycle: 4-6 weeksAdvantages of the Account1. No Limit on Fund Remittances: After the account is opened, there is no restriction on the frequency or amount for a single transaction or daily incoming transfers/outgoing transfers. ACH is supported, while ZELLE is not.
2. Wide Range of Eligible Countries/Regions for Account Opening: Companies registered in Hong Kong (China), the United States, the United Kingdom, Singapore, BVI, and Canada, among others, can apply for account opening. Additionally, directors holding nationalities such as Indian, Vietnamese, Malaysian, and Thai can also proceed with account opening applications (the bank will conduct a personal background check on the applicant; the applicant must be engaged in genuine trade. Note that it may be slightly more difficult for Indian nationals to open an account).
3. Wide Range of Acceptable Industries: Eligible industries include the financial industry, diamond industry, real estate industry, and energy industry.
4. High Flexibility: By opening an account with Signature Bank (the designated signing bank in the U.S.), high-net-worth individuals can easily conduct overseas investments and overseas asset allocation through their offshore accounts
*All the content above has been collected from various major websites, followed by resource integration and re-editing.
+1 949-490-9063
10 CORPORATE PARK, STE 330, IRVINE, CA 92606
