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What is AS/BO details?

The Beneficial Owner means 'Natural Person', who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of/entitlements to:

  1. More than 25% of shares or capital or profits of the juridical person, where the juridical person is a company;
  2. More than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or
  3. More than 15% of the property or capital or profits of the juridical person, where the juridical person is an unincorporated association or body of individuals.

You can select Authorised Signatory/Beneficial Owner (AS/BO) type as below:

  • Beneficiary Owner: Holds shareholding greater than or equal to % stated above but cannot sign cheque/transact/operate Internet Banking.
  • Authorised Signatory: Holds shareholding less than % stated above but can sign cheque/ transact /operate Internet Banking.
  • Authorised Signatory Beneficiary Owner: Holds shareholding greater than or equal to % stated above and can also sign cheque/ transact/ operate Internet Banking.