Membership Fees

Members pay a $250 account opening fee and $150 thereafter for each successive year, which provides entitlement to all the financial and banking services offered by Sovereign Chartered, including the issuance of Maestro debit card and/or Cirrus ATM card. These cards allow you to anonymously access your funds via ATMs around the world as well as at Electronic Point of Sale devices located in most major stores throughout much of the world (Maestro card only). The $250 fee will be deducted from the first initial deposit made which under no circumstances may be less then $5000 USD or equivalent in other currency.

Policy Regarding Statements

It is the policy of Sovereign Chartered not to customarily mail out statements for reasons of privacy and confidentiality. Account statements are available on a 24-hour basis via the Internet, which is designed to preclude the necessity of utilising the regular mail and the possibility that such mail could be tampered with and privacy breached. However, if specifically requested, a statement can be mailed or faxed at a charge of $10 per statement.

Protocol Concerning Wire Transfers

Once your account application has been accepted, you will be assigned an account number. No personal details (corporate name, etc.) will identify the account. All wire transfer instructions that are provided to your remitting bank must reference the account number. Every time a wire transfer takes place, your account will be automatically credited.

If you have more than one account, it is important that you contact us and provide instructions as to which account should be credited. Wire instructions will not be acted upon if they are incomplete or missing vital information. All wire instructions should provide all the relevant route codes for the beneficiary bank. Most international wires involve the routing of wires through one or more intermediary or receiving banks, full details of which must also be provided. It is imperative that the appropriate bank routing codes are used for all banks involved. At minimum, this will include their SWIFT codes. In addition, other routing codes, such as ABA numbers (all US banks), Sort Codes (all U.K. banks), etc., should also be used where appropriate.

Wire instructions are entered through the on-line interface available. However, in the event of a server or internet access problem, instructions may be initiated either by fax or through secured email. Examples of secure email include Hushmail and Hypersend.

For security purposes, communicating through regular email is not recommended and it is something we do not encourage. If instructions regarding your account(s) are sent by ordinary email, they will not be acted upon.

To get your free hushmail email, click here: Hushmail.