Euro Pacific Bank

What is an Operating Agreement?

An Operating Agreement (or OA) is essentially your internal client profile at Euro Pacific Bank, composed of your:

  1. Corporate or Personal Activities
  2. Wire Transfer Senders/Destinations, also known as Partners
  3. Personal Background

Your OA dictates what transactions our Operations team will and will not action. Therefore, we require your assistance updating it periodically in order to quickly and efficiently approve your transactions.

If you have any other resources or references that we can use in updating your OA, please notify us.

How is the maintenance fee assessed?

The monthly account maintenance fee is assessed on a per client basis. This means that clients are not billed additionally for having multiple currency accounts. The maintenance fee is assessed on the 1st day of every month

What is the “Blocked Amount”?

Some of your initial deposit will be “blocked” upon arrival, an amount that is listed on our Fees & Charges page.

The blocked amount ensures you do not “zero out” your account, preventing you from paying the monthly maintenance fee. In other words, the blocked amount acts as a reserve in case your bank account does not have a sufficient balance to debit the monthly maintenance fee.

Upon closing your bank account, the Bank will release the blocked value (or whatever remains) to your available balance.