Bank Accounts

Service beyond expectations

Providing institutional banking to the global asset management industry

When it comes to the investment industry, having the right bank accounts is crucial for supporting operations and achieving investment goals. FundBank offers a comprehensive suite of specialized bank account services designed for the complex needs of modern financial institutions and asset management firms. From subscription and redemption accounts to custodial and escrow accounts, our bank accounts cater to a broad spectrum of financial activities. With bank accounts and correspondent relationships with leading institutions such as Bank of New York Mellon and State Street, FundBank is the go-to banking provider for the funds industry.

What sets FundBank apart is its deep understanding of the needs of the asset management industry and its investors. By tailoring its accounts to the specific needs of the industry, FundBank can provide clients with the flexibility and support they need to achieve their investment goals. And with a highly-experienced team and industry-leading technology, FundBank is able to offer an efficient and seamless account opening process, so clients can start managing their funds as quickly as possible.

Bank accounts for diverse financial transactions

FundBank has the expertise and resources to provide clients with the accounts they need to succeed. And with its correspondent relationships, clients can be sure that their funds are in good hands.

In short, when it comes to bank accounts for the asset management industry, there is no better choice than FundBank. With its professional expertise and commitment to excellence, FundBank is the partner you can trust for all your banking requirements.

Subscription and redemption accounts

Subscription and redemption accounts are specialized bank accounts that are used by hedge funds to manage investor subscriptions and redemptions. These accounts are often established and maintained with the help of a hedge fund administrator or a custodian bank. A reserve account can also be opened in order to hold funds in reserve for various purposes such as meeting redemption requests and paying expenses or regulatory fees.

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Custodial accounts

In order to manage the assets and investments of high-net-worth individuals, institutional investors, and pension funds, hedge funds require a reliable and secure way to store and manage these assets. FundBank can provide custodial accounts to hold the assets and investments providing secure storage and safekeeping, as well as accounting and reporting services.

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Operating accounts

For hedge funds, managing the day-to-day cash flows of their operations is crucial to their success. FundBank can provide operating accounts for managing the daily cash flows of a hedge fund, such as paying salaries, expenses, and fees. These accounts provide basic banking services such as checking and savings accounts, wire transfers and online banking.

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Escrow accounts

When a fund is subject to specific conditions or events, such as a merger, acquisition, or settlement, it is crucial to have a reliable and secure way to hold these funds. FundBank can set up escrow accounts used to hold funds that are subject to any one of these types of events.

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Why partner with FundBank?

FundBank mitigates risk by utilizing comprehensive transaction management systems and controls, developed to exceed the requirements of the global regulatory architecture and financial industry best practices.

Advanced technology for secure transactions
FundBank ensures secure and efficient management of your financial transactions by leveraging cutting-edge technologies. Our digital platforms provide real-time insights, enhancing decision-making and operational efficiency.
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Global reach with compliance assurance
Our approach to client acceptance is risk-based and we have technologies in place that minimize risk to both clients and FundBank.

Our bank account services are structured to comply with international financial regulations, making them ideal for firms with global operations. We navigate the complexities of cross-border transactions, ensuring legal and regulatory compliance in multiple jurisdictions.

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Customization and dedicated support
Understanding that each client’s needs are unique, we offer customized banking solutions backed by our dedicated customer support team. Whether it’s managing complex portfolios or handling international transactions, our services are focused on your specific requirements.

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FundBank clients qualify for FDIC pass through insurance
FundBank Ltd. holds certain client funds as agent and/or custodian with The Bank of New Mellon. Those funds are held in a capacity intended to provide pass through federal deposit insurance up to the $250,000 FDIC deposit insurance limit for each underlying client. It merits noting that deposit balances would be aggregated with any other funds maintained by the client with The Bank of New York Mellon in the same insurable capacity.

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To find out more about your bank account opening needs, please contact your usual FundBank representative or contact us below:

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FundBank is an industry-leading banking institution, delivering banking solutions to the asset management industry on a global scale.

As the needs of the funds industry are changing, so too have the requirements for banking relationships. At FundBank, we offer a full suite of banking services that are supported by industry-leading technology.

With an enhanced user experience supported by the FundBank Client Portal, we provide a best-in-class approach to banking for investment funds and managers, allowing them more time to focus on what they do best, managing their portfolios and generating alpha.

Partnering client-focused service with digitization above expectations

As one of the few banking institutions operating exclusively in the investment funds sector, FundBank has extensive solutions that meet the needs of its fund clients.

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