Commercial Bank Accounts are primarily used by Companies, Trading Houses, Exporters and Importers, Consultancy Services and E-commerce Companies for performing day to day business functions. These accounts are characterized by a large number of banking transactions inflow and outflow of funds as they are linked to the business of the company.
In addition to transactions, these accounts may also require additional requirements such as linkages to credit card terminals for collecting funds. The businesses may also at certain times require commercial documents such as bank guarantees and Letters of Credits.
Due to a large number of primarily low-value transactions and the unstable amount of account balance, the Commercial Bank Accounts are not provided by several offshore banks who aim to provide specialized banking services only.