BNCTL
“A letter of support issued by the bank to the business entity to declare to the beneficiary (project owner) that the client is a BNCTL client and has an account with BNCTL. and when the client competes for a tender and passes BNCTL will support the business entity when they complete / meet all the requirements that BNCTL has.”
Reference Letter Fee:
Without mentioning value: (USD 100.00).
Mention some value: (0.1% (Min. USD 250 & Max. USD 2,000.00).
Account Verification: (USD 50.00).
Cancelation of BG (Bid Bon, Performance Bond, Advance Payment Bond, Support Letter & Reference Letter): (USD 25.00).
Requirements:
1. Copy the Voter card.
2. Complete and valid copy of company documents.
3. Copy of the tender announcement from the relevant beneficiary.
“BNCTL naturally as a bank knows to consider and support the financial needs that the company needs, from the project to execute the service or project when the company submits the service contract and meets the requirements and procedures of BNCTL.”
Support Letter Fee:
Without mentioning value: (USD 100.00).
Mention some value: (0.1% (Min. USD 250 & Max. USD 2,000.00).
Account Verification: (USD 50.00).
Cancelation of BG (Bid Bon, Performance Bond, Advance Payment Bond, Support Letter & Reference Letter): (USD 25.00).
Requirements:
1. Copy the Voter card.
2. Complete and valid copy of company documents.
3. Copy of the tender announcement from the relevant beneficiary.
“A mechanism for permanent transfer with fixed amount and date, from the account payer to the beneficiary’s account. Facilitate the clients to make automatic and permanent transfers to another account, depending on the client’s desired period. Transfer can be made from one client to another client (different account holder) or from the one of the client’s account to his/her other account (same account holder).”
Benefits:
Convenience: Automates recurring payments, reducing manual effort.
Financial Planning: Assists in budgeting by ensuring consistent transfers.
Cost-Effective: Typically free of extra fees.
Reliability: Ensures timely payments, avoiding missed deadlines.
Flexibility: Allows transfers within the same bank or to different banks.
Control: Users can adjust the amount, frequency, and duration as needed.
No Reminders Needed: Payments are automatic, reducing the risk of late fees.
Improves Credit: Helps maintain a good credit history through consistent payments.
Requirements:
1. One copy of electoral card.
2. One copy of bank account details
3. Fill up the SO form.
“As an instruction from the account owner (payer) to their Bank to release some payment on a phase basis to another Bank account (of the beneficiary). The referred instruction is also called Bank Order.”
Requirements:
1. A request letter addressed to CA members.
2. Copy of electoral card/identity card/passport.
3. Copy of company’s bank account details and IBAN.
A valid company profile:
1. License authorization to exercise economic activity (serve).
2. Commercial business registry (serve).
3. Debt certificate.
4. Company statute.
5. Company structure.
6. Map of company office location.
7. Copy of services contract from the beneficiary.
Benefits of standing instruction (SI):
Convenience: Automates regular payments.
Timely: Ensures payments are made on time.
Financial Control: Helps manage cash flow.
Security: Reduces the risk of lost payments.
Flexibility: Easy to modify or cancel.
Eco-Friendly: Cuts down on paper use.