Banking before and after the cédula

Preparation, submission and the account decision are separate steps. The cooperative offer linked to the residence service begins with signature on filing day and is submitted once the cédula is available.

On residence filing day

AVR prepares the cooperative documents and the client signs them on the residence filing day. An account has not yet been applied for or promised.

After the cédula

Once the cédula is available, AVR arranges prompt submission to the cooperative. Further banking preparation follows the client’s activity and documentation.

KYC and identity

Identity, tax residence, activity and expected payment flows are documented coherently.

Source of funds

The origin and intended use of capital form part of the banking file preparation.

Capital transfers

The sending bank, currency, transfer route and expected receipt are considered before substantial transfers.

The bank or cooperative decides on admission, account opening and approvals. Opening or immediate activation is not guaranteed.