Correspondent Bank Onboarding

This page outlines the onboarding process for financial institutions seeking to establish a correspondent banking relationship with NVC Fund Bank.

Onboarding Process Overview

NVC Fund Bank follows a structured, comprehensive onboarding process for correspondent banking relationships. This process is designed to establish a secure, compliant partnership while ensuring both institutions are well-positioned for a successful long-term relationship.

Step 1

Step 2

Step 3

Step 4

Step 1: Initial Application

Required Information

Basic institutional information
Banking license details
Primary point of contact
Brief overview of your institution
Services requested
Expected transaction volumes
Key markets and currencies

Timeline: 1-2 business days for initial review

Step 2: Due Diligence

Required Documentation

Completed Wolfsberg Questionnaire
Corporate documents and banking license
Ownership structure and beneficial ownership information
AML/CFT policies and procedures
Financial statements (last 3 years)
Regulatory compliance history
Sample KYC procedures

Timeline: 2-3 weeks for thorough review

Step 3: Agreement & Approval

Agreement Process

Review of standard correspondent banking agreement
Negotiation of specific terms (if required)
Fee schedule confirmation
Service level agreements
Final compliance approval
Executive approval
Agreement signing by authorized signatories

Timeline: 1-2 weeks for agreement finalization

Step 4: Account Setup & Implementation

Operational Setup

Account opening in requested currencies
SWIFT RMA setup (if applicable)
API access and integration (if requested)
Transaction testing and validation
User training and documentation
Security credential distribution
Go-live preparation

Timeline: 1-2 weeks for technical implementation

Onboarding Questionnaire

To initiate the onboarding process, please complete the preliminary questionnaire below. Our Correspondent Banking team will review your submission and contact you within 2 business days.

Institution Name*

Country of Incorporation*

SWIFT/BIC Code (if available)

Primary Contact Name*

Title/Position*

Email Address*

Phone Number*

Type of Institution*

Primary Regulatory Authority*

Services of Interest (select all that apply)*

USD Correspondent Account

EUR Correspondent Account

GBP Correspondent Account

NVCT Stablecoin Account

AFD1 Account (Gold-backed)

Foreign Exchange Services

Trade Finance Services

API Integration

Expected Monthly Transaction Volume (USD equivalent)*

Additional Information or Requirements

I confirm that the information provided is accurate and that I am authorized to initiate this request on behalf of my institution. I understand that NVC Fund Bank will conduct due diligence on my institution as part of the onboarding process.

Note: All information provided will be kept confidential and used solely for the purpose of evaluating the potential correspondent banking relationship. For any questions about the onboarding process, please contact correspondent@nvcfundbank.com.