Shinhan Bank

Account Currency: VND

Minimum account balance: Not required

Transaction method: Transfer through the Bank account

Application for opening, using accounts and services for entity, download here

Establishment license, Establishment Decision or Business Registration Certificate; Decision on reorganization, dissolution, bankruptcy or termination of operations of organization (if any)

Enterprise's Charter

Decision on the Appointment of the Chief Accountant/Person in charge of Accounting (in any)

Documents, information, and data on personal identification of Lawful Representative, Chief Accountant/Person in charge of Accounting, Authorized Person, ...

Other dossiers, documents, materials, information, and datat as stipulated by the Law on Anti-Money Laundering and other relevant laws and regulations, as may be force from time to time

Step 1: The Customer shall provide documents, information, and data (hereinafter referred to as the “Dossier”) in accordance with the guidance of Shinhan Bank (hereinafter referred to as “SHBVN”).

Step 2:
a. SHBVN shall verify the legality, validity, consistency, and accuracy of the Dossier provided by the Customer, and;
b. Conduct the verification of customer identification data & information in accordance with the legal regulations on Anti-Money Laundering (AML).

Step 3: Upon completing the review, cross-checking, and verification of customer identification data & information, the Bank shall proceed as follows:
a. In the event the Dossier is deemed complete, accurate, and valid: Provide the Customer with the agreement on the opening and use of a demand deposit account, which includes:
- The “Application for opening, using accounts and services for entity”
- The “Essential information on opening and use of account at Shinhan Bank”
b. In the event the Dossier is incomplete, inaccurate, or contains discrepancies: Notify the Customer to review and complete the Dossier or reject the application for opening demand deposit account and clearly state the reason(s) for such rejection.
c. In the event it is discovered that the Customer has used forged or illegal documents, information, or data, or if the Customer is on a Blacklist as stipulated by the laws on Anti-Money Laundering: Report to the competent authorities and handle the case in accordance with legal regulations.

Step 4: Once the Customer agrees to the terms and conditions of the Agreement on the Opening and Using of Account, SHBVN shall proceed to open and notify the Customer of the account number, account name, and the date on which the account becomes active.