דלג לתוכן העמוד דלג לתפריט אתר דלג לקישורים תחתונים כניסה לחשבונך
דלג לתוכן העמוד דלג לתפריט אתר דלג לקישורים תחתונים כניסה לחשבונך

Open Your Business Account
at Discount Bank

Open Your Business Account

We are glad you chose Discount Bank!
To complete the account opening process, you have to submit documents to us and fill out the appropriate forms.
Don't worry, we'll guide you step by step.


Step 1: Send documents

Here we go! These are the documents you need to submit to us in the first step of opening an account.
It is important to note the following things:
  • If it is a company, the documents (including ID cards and passports) must bear the stamp of the Registrar of Companies or a stamp of a true copy (including a name change if such was made)
  • If it is a partnership, the documents (including ID cards and passports) must bear the stamp of the Registrar of Partnerships or a stamp of a true copy (including a name change if such was made)

After we receive the documents and examine them, the account opening forms will be sent to you for signature.

Are you a company?
Here are all the documents that you need to provide to us:		 Are you a partnership?
Here are all the documents that you need to provide to us:
Certificate of Incorporation Certificate of registration with the Registrar of Partnerships
Articles of Association Partnership Agreement
Memorandum (for companies that were incorporated until the year 2000) Identification documents or incorporation documents of the general partner (certificate of incorporation, articles of association and memorandum, if such exists)
Additional decisions or protocols regarding changes that were made (if any) Structure of holdings (including identification numbers and holding percentage), verified by an attorney
The ownership structure of the company (including identification numbers and holding percentage), verified by an attorney Protocol on the partnership's decision to open an account at Discount Bank, verified by an attorney
True copies of identity cards (including appendix, biometric ID card requires the photocopy of both sides) of the authorized signatories, those who are authorized to receive information, and the controlling shareholders (in the case of a controlling shareholder who is a corporation – documents of incorporation of the corporation) The protocol of signing rights in the partnership, approved by an attorney
In cases where the controlling shareholders or the authorized signatories are foreign residents – true copies of a passport and an additional ID True copies of identity cards (including appendix, biometric ID card requires photocopy of both sides) of the authorized signatories and those authorized to receive information

 

Step 2: Fill out forms and join advanced services

The forms in the list are filled out digitally, printed, signed manually, and sent to the banker (contact information is displayed at the bottom of the page).
Please note: The forms will be signed by the corporation's authorized signatories who are authorized to sign for all intents and purposes, according to the corporation's signature rights protocol.

On page no. 1 – "Application to open an account and determine areas of activity":
  • The banking services must be marked – marking the areas of activity enables receipt of a variety of banking services through a variety of channels. It is possible to mark all of the areas or only some of them, according to the needs.
  • The form will be signed by the authorized signatories of the corporation who are authorized to sign for all intents and purposes, in two places – signing the acceptance of the General Terms Agreement (within the frame) and signing at the bottom of the page.
On page no. 2 – "Notice of decision making regarding the opening of a bank account and receipt of banking services": 
  • Please make sure to write down the date of the decision to open the account.
  • Section 5 – please attach a full ownership structure of the corporation, indicating full names, identification numbers (private company or ID number), and rate of holding, signed by an attorney.
  • Section 7 – the name and position of the chairman, the CEO and the Vice Presidents must be specified.
On page 3 – "Holders of signature rights and manner of signing": 
  • Please make sure to fill in all of the fields in full according to the authorized type (authorized signatory or contact person) and mark the level of the authorize person. 
  • All of the authorized persons and contacts must attach a photocopy of their ID cards, including an appendix that was signed by an attorney as trustee to the original, indicating the date of identification.
On page 4 – "Definition of permanent beneficiaries":
  • In order to operate regularly and independently in all channels, the details of the beneficiaries must be filled in according to the columns in the table (it is important to mark the type of channel or the transfer destination). 
On page no. 5 – "Attorney's signature and approval":
  • The form will be signed by those authorized to sign on behalf of the corporation (without the stamp of the corporation). In the case of a company, the form will be signed by the chairman of the Board of Directors, and in the case of a partnership it will be signed by the general partner as well as by an attorney at the designated place.

Joining digital channels and services – telephone and fax communication, Discount Bank mail services, email service and Business +.

Additional instructions for filling out the form
Sample form – do not fill out

In accordance with the Prohibition on Money Laundering Order, face-to-face identification is required by means of an identity card, which will be executed by an attorney for each of the authorized signatories, in order to provide a signature sample.


Additional instructions for filling out the form
Sample form – do not fill out

Please make sure to fill in all of the contact details on the form.


Additional instructions for filling out the form
Sample form – do not fill out

  • According to the Prohibition of Money Laundering Law, 2000, it is obligatory to declare the controlling shareholders in a company, and it is impossible to declare that there are no controlling shareholders in the corporation. 
  • The definition of "controlling shareholder" has two tests: the ability to direct the operations of the corporation or the possession of means of control.
  • What is the criterion that is required for a controlling shareholder?
1. An individual with the ability to direct the operations of a corporation, either individually or jointly with others, either directly or indirectly, including the ability arising from the corporation's articles of association, by virtue of a written, oral or other contract, or the ability arising from any other source
2. An individual who holds 25% or more of some type of control, and there is no other person who holds a higher percentage of the same type of control
3. If there is no one who meets the definitions in articles (1) and (2), the chairman of the Board of Directors, an equivalent officer as well as the CEO will be considered controlling shareholders (a position must be specified in marking this reason). If there are also no such persons, then the officer who has effective control of the corporation will be considered the controlling shareholder
  • The definition of "sole controlling shareholder" refers to all of the individuals – natural "flesh and blood" persons. Please note: An Israeli sole controlling shareholder will fill out the ID number on the form (it is not possible to fill out a passport number), and a single controlling shareholder who is a foreign resident will fill out the passport number. 
  • Details about the controlling shareholders must be filled in full in all of the columns. 
  • It may be noted that the controlling shareholder is a corporation only in the events where the corporation meets one of the following conditions:
1. A Banking corporation or a credit card company
2. A provident fund or a company that manages provident funds according to the definition of income tax regulations
3. A company that is traded on a stock exchange or regulated securities market in a Member State
4. Insurer according to the definition of the Insurance Business Supervision Law
5. A company that is traded on the Tel Aviv Stock Exchange
6. A company that is traded on a stock exchange in a country that is a member of the OECD
  • It is possible to obtain a declaration of a controlling shareholder who is not an individual only if the controlling shareholder is a public institution, a government ministry or a local authority. In these cases, the identification number that was given by the Ministry of Finance must be filled in the table. 
  • What types of corporations are exempt from declaring controlling shareholders? A banking corporation, a credit card company, a provident fund or a provident fund management company, an insurer according to the definition of the Insurance Business Supervision Law, and a company whose securities are traded on the Tel Aviv Stock Exchange or on the stock exchange in a country that is an OECD member.
  • Do controlling shareholders need to be listed as beneficiaries of the account? No, the controlling shareholders are not defined as "beneficiaries", the beneficiaries are indicated in the case of a trust account, meaning that the accounts are managed for another entity.

In order to choose the classification, please contact the company's attorney or accountant. Bank employees are prohibited from directing or instructing on the manner of classification. 

The form will be signed by an authorized signatory who is authorized to sign the form, which will constitute a collective declaration of all of the entities that are related to the account.


Additional instructions for filling out the form
Sample form – do not fill out

Please note: The form must be filled out only if you have marked Section E of Form 99-581 (Securities and Financial Instruments).


Additional instructions for filling out the form
Sample form – do not fill out

  • If the amount of the exposure facility for future transactions is known, please specify it.
  •  The form will be signed by the authorized signatories who are authorized to sign the forms, in accordance with the protocol of the corporation's signature rights. 
  •  Page No. 2 – "Corporate Decision to Carry Out Future Transactions (Traded and Non-Traded)":
- It is necessary to indicate the date of decision making in the company.
- Section 2 – it is necessary to specify the names of the authorized signatories, who are authorized to sign on behalf of the corporation on all of the documents that are required for the execution of future transactions, and to indicate the number of signatures required. 
- Section 3 – specify the names of the authorized signatories in the corporation for the provision of a telephone instruction for the execution of future transactions. 
- The form will be signed by the Chairman of the Board and approved by an attorney.
 
  • Pages 9, 10, 12, 15, 18, 20: Signature of authorized persons who are authorized to sign the forms in accordance with the Corporation's Signature Rights Protocol. The signature will be verified by an attorney.
That's it, we're done!
Your part is done, and we start taking care of opening your business account.
Either way, do will stay with you all the way, and we will be happy to assist you in any matter:
27 Yehuda Halevi St., Tel Aviv