Vista Bank also helps to facilitate the financing of exports and imports for its customers. The bank assesses the terms and conditions of agreements entered into to determine if it is feasible (where risk is relatively low) to help facilitate the transaction.
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Letters of Credit
What are Letters of Credit for?
A Letter of Credit is a letter issued by a bank to another bank (in the same or another country) to serve as a guarantee for payments made to a specified person or business under specified conditions.
What you'll need:
- Request/Application letter
- Agreement with supplier
- Satisfactorily maintained current account (min 6 months)
- Products to be financed
- Warehousing condition
- Security/Collateral
- Minimum contribution
- Type of L/Cs (Confirmed/Unconfirmed)
- Details of beneficiary bank
* Terms and conditions apply
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Bill Collections
What are Bill Collections for?
Bill Collection is a process of pursuing payment of debts owed by individuals or businesses. In certain circumstances this service can be undertaken by the Bank on behalf of our clients.
What you'll need:
- Request letter
- Satisfactorily maintained current account (min 6 months)
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Currency Shipments
What are Currency Shipments for?
Currency Shipments entail the transportation of large volumes of foreign bank notes. Vista Bank offers Currency Shipment in all major currencies – namely USD, GBP, and EURO to our esteemed customers at very competitive rates.
What you'll need:
- An active current account
- Foreign currency accounts
- Invoices of all receivables