Joint Bank Account
When opening a joint bank account, the account holders need instruct the bank, how &
by whom the account is to be operated. They would decide the signatories on the account.
For example, withdrawals may require all parties to sign the withdrawal or some other instructions.
A joint bank account make 2parties with buyer and L/C service provider.
After made a joint bank account, buyer will make deposite money into joint account successfully.
Then L/C service provider’s bank will issue L/C & send to buyer’s supplier bank.
Then L/C service provider, L/C received copy show to buyer then
buyer will give permission to L/C service provider for withdraw money from joint account and joint bank account will dismissed.