Bank introduction, as the name suggests, is the process of introducing prospective customers to the most suitable bank for their needs. The aim is to support the customer and increase his chances of finding a suitable bank account. Therefore, it is important to understand which bank is the most suitable service provider for the customer by knowing their business profile, financial standing or personal background, and personal needs and preferences. Some banks require a significant minimum account balance, others prefer active business customers or start-ups. Some banks cater to the needs of wealthy clients and offer a range of wealth management, private banking and investment services.

The main activities of bank introduction agents are:

Analyzing and understanding the needs and preferences of the customer and their business
Recommendation of a bank that best suits the client's needs
Providing the client with all the necessary application forms, contracts and other documents and assisting them to fill them out correctly
Assessing whether the client has successfully completed all due diligence checks to the satisfaction of the bank's compliance officers, as well as advising on anything that might be required to ensure a smooth application process
Arranging a meeting between the client and the bank's customer service manager, if required, before opening an account, or arranging for the secure delivery of documents to the bank if a physical meeting is not required

Bank introduction agents
Bank introduction agents are generally not financial institutions and do not provide financial services; The most common are business consulting firms that provide incorporation services. Bank intermediaries tend to establish customer-intermediary relationships with a range of banks with different preferences and in different regions so that they can find the most suitable bank for their customers. Some business consulting and incorporation firms offer their bank initiation services only to those companies that have incorporated or are in the process of incorporation through that particular firm.

Many banks prefer to accept new clients through a licensed professional intermediary. Most require a face-to-face meeting with the prospect before opening an account or within a certain time frame after opening an account. Typically, bank introduction agents arrange a meeting and formally introduce the customer directly to the customer service manager.

Benefits of Using Bank Introductory Services
The bank introduction agent provides the customer with a full set of account application forms along with instructions and examples that explain how to fill them out correctly. In addition, the agent provides the client with all the company documents for a new company, prepared according to the bank's requirements. Some agents not only introduce the customer to the bank, but also prepare the necessary protocols and resolutions for appointing the signers for the bank account, and provide signature cards. The services offered by bank introduction agents can vary significantly and must be discussed directly with the service provider. The main advantage of using bank introductory services is the time saved in opening a bank account and potentially in future communication with the bank.

However, no bank introducer can guarantee that the bank account will actually be opened. Success mainly depends on the background data and personal profile of the beneficial owner of the company and the underlying business patterns. All banks have their internal customer acceptance policies, which change relatively often, and so banks routinely reject new customers based on various subjective considerations.