Fiduciary deposit
A fiduciary deposit will allow you to place funds on deposit in a partner bank of BENEDIXUS OÜ or any other bank in your desired jurisdiction.
A fiduciary deposit is a deposit placed by a client in a third bank (the recipient bank) through an agent. The recipient bank pays the agent interest on the deposit, which is then transferred to the depositor. The recipient bank considers the incoming deposit as an interbank authorization and not as a client deposit.
Fiduciary deposits are, first of all, an opportunity to legally avoid paying tax at source on interest income.
Using a fiduciary deposit is relevant if there is a large amount of funds in the bank accounts of organizations.
To do this, you do not have to become a client of this bank, since BENEDIXUS OÜ will place a deposit in the partner bank of your choice on its behalf. You will receive income from the deposit placed.
BENEDIXUS OU will negotiate with the bank of your choice regarding the deposit terms, agree with you on interest rates, terms and other conditions and complete the transaction. If you want to decide on the terms of the transaction with your chosen bank yourself, BENEDIXUS OÜ will establish a partnership with the bank and complete the transaction.
With a fiduciary deposit, you can diversify the risks of holding funds, since with BENEDIXUS OÜ you can place funds in several banks at the same time.
Want to manage your finances more efficiently? Welcome to Benedixus!
We know our customer
In order to comply with applicable laws, we also need information from our customers for various purposes. To ensure the best customer experience, it is important that our customers’ data is always correct and up-to-date. In addition, like banks and financial institutions, we must follow the “Know Your Customer” principle.
The requirements presented to us arise from legal norms:
If necessary, we also request additional information about a specific transaction (including the origin of funds, sources of income, content of the transaction, etc.). These documents must be in an understandable language. If necessary, we have the right to ask the client to order an official translation of the documents.
Benedixus OÜ
Registry code: 14733195
Harju maakond, Tallinn, Lasnamäe linnaosa,
Peterburi tee 53-008, 11415, Estonia
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