FUNDS TRANSFERS – MINIMUM DOCUMENT REQUIREMENTS
Capital Security Bank (“CSB”) maintains compliance both in line with local Cook Islands law and international standards. CSB ensures that its procedures reflect this and has prepared the following list of payment types and the documents required to be provided for each.
Payment Type
Inward Payment – Documents Required
Outward Payment – Documents Required
3rd Party Payment
Completed Source of Funds Document,
Completed Payment Request & Destination
(Payment to or from 3rd party who
supporting documents to confirm how the
of Funds Document and supporting
is not a CSB account holder)
funds have been acquired invoice, contract,
documents to confirm purpose of payment
sale and purchase agreement etc
i.e invoice, contract, sale and purchase agreement etc
Non Third Party Payment
Completed Source of Funds Document (only
Completed Payment Request & Destination
(Payment either to or from a
required for payments over NZD 10,000.00) –
of Funds Document – If the payment
personal account in the name of our
If the payment sender is an entity, supporting
beneficiary is an entity, supporting
account holder or entity account
documents are required to confirm the
documents are required to confirm the
confirmed as being owned by our
sending entity is beneficially owned by the
beneficiary entity is beneficially owned
account holder)
CSB account holder (Only to be provided once)
by the CSB account holder (Only to be
Domestic Payment
Completed Source of Funds Document (only
Completed Payment Request & Destination
(Payment to or from ANZ, BCI or BSP)
required for payments over NZD 10,000.00)
of Funds Document
Recurring Payments
Source of Funds Document (Valid for
Completed Payment Request & Destination
(Pre-Approved payments, to or from
12 months), Supporting Documents required
of Funds Document. Destination of
same beneficiary/remitter, same
for 3rd party payment, such as contract
Funds Documents (Valid for 12months),
amounts, execution time of month
showing instalments required (only to be
supporting documents required for
and same reason/purpose)
provided once)
3rd party payment, such as contract
provided once)
showing instalments required (only to be provided once) CSB forms can be located at www.capitalsecuritybank.com/helpful-forms
CAPITAL SECURITY BANK LIMITED 1