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UNACOOPEC - Siège : II Plateaux les Vallons
Immeuble Frake 04 B.P. 47 Abidjan 04
Tel. (225) 21 00 49 41 - Fax: (225) 21 00 45 53
Escrow & Settlement
Are you looking for a specialist who can guarantee your future commitments as a result of an M&A transaction or litigation? You can count on COOPEC Bank's Escrow & Settlement for a prompt response...

Personal Unsecured Loan
Every now and then, unforeseen expenses like hospital bills or car services crop up that most times we just haven’t budgeted for. At COOPEC Bank we cater for these situations...

Prosper Savings Account
Saving for a long-term project or even for a rainy day is always a challenge. With our Prosper Account, you give your savings a real chance to grow. With great interest rates, your savings will grow faster...

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(225) 21 00 49 41
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Why choose the Coopec ABL?
Our Asset based lending solution can be asset or invoice finance led. Top-up cash flow finance is also available for businesses that can demonstrate strong historic and future cash generation...

Our partners
Save with SIPP/SSAS Accounts
With competitive rates, a strong history and as a member of the Ivorian deposit protection scheme*, our fixed term deposit accounts are tailored to your SIPP or SSAS cash deposit requirements...
Fixed Suspense Account
This is a special fixed account deposit from 5years term upwards.

In this type of account, the depositor decides on how the fund should be deposited and managed by the bank. The suspense  account deposits are made with an agreement bond where the deposit instructions are stated. On the agreement document, the  depositor stipulates whether or not the bank can access the funds. If indicated yes that the bank can access the funds before  the agreed deposit term then, there will not be an advanced fixed management charges. in other words, the management charges  will be deducted annually from the total fund deposited as agreed with the bank in time of deposit. If indicated NO that the  bank should not acces the funds until the deposit term ends then, the bank will require that a fixed management charges be paid in advance which will cover the entire deposit term.

Death or other life disabilities:

In case the depositor dies before the end of the deposit term, the depositor's next of kin will inherit the fund on behalf of the original depositor. The inheritor of the fund can transfer the fund to any account he/she desires even in the period of the 10 years agreement term. Knowing well that this fund is strictly made for onward transference, it can not be transferred to a local account. The fund can only be remitted to any US$ account outside the country of deposit. Hence the fund has been  transferred to the account of the beneficiary or co-beneficiary, The deposit agreement will no longer apply and withdrawal  access to the funds is granted in full.

Documentation Type:

In order to inherit the fund deposited in a suspense account, the beneficiary has to provide the following documents;

•  Depositor's death certificate

•  Government issued Identification (National ID card or International passport)

•  Proof of residence (Residential permit card or other residential documents)

•  The deposit documents (official deposit receipt or statement of account)

•  A power of attorney from a government certified Legal chamber

•  An affidavit of claim certficate

•  Change of fund's ownership certificate from the federal ministry of Justice

*NB* Transferring of funds deposited in a suspense account may require additional legal documentation according to the current federal and international regulations on outgoing funds.

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Home » Our Services » Accounts » Fixed Suspense Account
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