Bancoli offers specialized services tailored to meet the need to access specific documents and services that facilitate operational efficiency and regulatory compliance.
The following is an overview of each service, including associated fees depending on your Bancoli membership plan:
- Bank Letter: Official document verifying the existence of a business account, including account balance and holder information, often required for financial verification purposes.
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- All plans: Free
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- MT103 Document Order (SWIFT Trace): Complete report of wire transfers detailing sender and receiver information, transaction amount, and date.
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- Plan: $48
- Plus Plan: $48
- Premium Plan: $34
- Enterprise Plan: $28
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- Identity-Based Account Recovery (per ID investigation): If you lose access to your Bancoli account, we can help you regain access after completing an identity verification investigation. The investigation will include verification of your personal details and documents to confirm account ownership.
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- All plans: $99 per ID investigation
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- Letter of Credit (or similar): Written commitment issued on behalf of a buyer that guarantees payment to a seller as long as the seller meets the terms and conditions specified in the letter of credit.
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- Plan: 1.35%
- Plus Plan: 1.25%
- Premium Plan: 0.95%
- Enterprise Plan: 0.85%
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- Account Closure: Secure termination of a business account with Bancoli, ensuring all pending transactions are resolved.
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- All Plans: Up to $99
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Other:
- Returned Payments: No Bancoli fees, but intermediaries or the recipient bank may assess a fee.