No. Bank approvals depend on the bank’s own compliance review and internal policy, both of which are outside our control. We improve the quality and completeness of the application, which is the part that can be influenced.
Timelines vary by bank and by the complexity of the structure. Applications involving multiple corporate shareholders or overseas beneficial owners take longer. We give a realistic estimate based on the specific bank and structure.
Banks are not obliged to give reasons. Where the likely issue can be identified, we address it and approach an alternative institution with a revised application.
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