7. The company bank account and its operation

In what bank can I open an account?
Over 5000 banks are currently operating in the world, ranging significantly in factors such as size, dependability, age and conservatism. Regarding the latter, quite a few well known banks have chosen to follow the policy of a private club, opening and servicing accounts only for well known companies, and rejecting to do banking business with clients unknown to them. PPB INC is able to offer to our clients well known banks having a ranking in the World Bankers Almanac, as well as a security risk ranking of A- or better.

How is the bank account opened?
PPB INC will provide to the bank all the necessary documentation for the account opening, and fill out the specimen signature cards with the client. After the bank gets all the documentation, it provides us with an account number for the company showing all the account particulars.

How is the account operated?
Clients operate the account from a "distance". In other words, they give instructions to the bank over a modem or fax, in writing. As long as the bank receives clearly readable and correct instructions, the payment or other transaction is executed the same day.

How are my funds protected from unauthorized access?
Most of the banks introduced by PPB INC issue its clients test key codes. These codes are unique for each client, and are designed for the purpose of preventing unauthorized access to the account. The client receives these test key codes in a sealed envelope directly from the bank by DHL, and must keep them in a secure place.

How are credit cards issued, and operated?
Cards are issued by the bank against the blocking of a deposit in the amount of USD 10,000. On top of that, the client must deposit a sum of money, which he would like to have access to through the card. Cards are issued always with the person's name on it. Only one person can use the card. Corporate cards can also be issued, with the company's name appearing together with the person's name. You can use the card to withdraw cash at cash machines all over the world, in a bank, and also use it for payments and purchases at any merchant or commercial point which accepts Visa or MasterCard.