In accordance with U.S. Internal Revenue Service – IRS regulations, the Bank is obligated to withhold taxes on U.S. interest to foreign customers unless it has received a properly completed Substitute Form W-8BEN “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding” from the customer. All Substitute Forms W-8BEN are registered and maintained in the Bank’s files.

Below is a description of each of the fields contained on the Substitute Form W-8BEN.

1. First and last name of individual or organization’s name Mandatory fields
2. Country where company was incorporated Mandatory fields
3. Type of Beneficial Owner Mandatory fields
4. Physical address of individual or organization AND Country for individual or organization Mandatory fields
5. Mailing address if different from physical address AND country of mailing address if different from physical address Optional
6. Type of U.S. Taxpayer identification (SSN, ITIN or EIN) Optional
7. Taxpayer identification number (SSN. ITIN or EIN) Optional
8. Account number(s) Optional
9. Individuals or Organizations residing in the United States that are eligible for Claim of Tax Treaty Benefits Optional
10. Signatures and dates on both the Certification and Affidavit portion of the Substitute Form W-8BEN are mandatory
    
    Back to Top

The Funds Transfer Agreement establishes terms and conditions pertaining to the Electronic Funds Service Mercantil Commercebank offers its customers.

1. Customer name 
2. If you are an existing customer, please enter your account number
3. Enter date this agreement is being executed
4. Signature and name of account holders authorized under this agreement to make transfer(s)
   
   Back to Top

The Mercantil Commercebank Commercial Debit Card application must be completed if the company wishes to have a debit card linked to its commercial checking account.

The commercial debit card application is exclusively for account signers and will be processed once the checking account is active and funds are available.

1. Company name
2. Checking account number (if provided)
3. Identification number for foreign taxation purposes if the company has this number
4. Company’s Taxpayer Identification or Fiscal Information Registry (R.I.F., NIT, RUC) number
5. Date of execution of commercial debit card application agreement
6. Name of individual(s) authorized to request card(s) linked to the commercial checking account
7. Title of individual(s) authorized to request card(s) linked to commercial checking account
8. Social Security Number (if available)
9. Personal identification document number
10. Signature of principal account holder
11. Cardholder’s name
12. Social Security Number (if available)
13. Personal identity document number
14. Daily limits assigned to each cardholder (see table at the end of this application form for options)
15. Signature of principal account holder
    
    Back to Top