Correspondent Accounts
Correspondent (Loro) Accounts for Banks and Payment Systems
- Opening correspondent accounts for banks.
- Loro accounts for payment systems.
- Support with the correspondent agreement.
- Preparing documents for the correspondent bank.
We support banks and payment institutions in opening accounts with other banking organisations for cashless payments under a correspondent agreement.
Attorney registered with the Czech Bar Association (ČAK).
We provide account opening services that are necessary for banking organizations. These accounts are set up with another banking organization to make cashless payments.
Our Services
→ Correspondent Accounts
- Opening an account with another banking organisation
- Preparing and checking the documents
- Coordination with the correspondent bank
→ Loro Accounts for Payment Systems
- Opening a loro account for cashless payments
- Legal review of the correspondent agreement
- Support through to account opening
What We Will Need From You
- Constitutional documents and a register extract
- The bank or payment institution licence
- A description of the payment model and expected payment volumes
- The draft correspondent agreement, if already available
Contact us for a consultation on opening a correspondent or loro account.
Legal Consultation Fee
5 000 CZK (200 €) / hour + VAT
