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Farmlands
Shareholder
Application
BUSINESS ACCOUNT
For individuals who will use the Account predominantly
for personal, domestic or household purposes only.
Version March 2018Farmlands Shareholder
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How to fill out non-business account
How to fill out non-business account
01
Step 1: Obtain the non-business account application form from the bank or financial institution.
02
Step 2: Fill in your personal information such as name, address, date of birth, and contact details.
03
Step 3: Provide the required identification documents, such as a copy of your passport or driver's license.
04
Step 4: Specify the type of non-business account you wish to open, such as a savings account or a current account.
05
Step 5: Complete any additional sections or forms required by the bank, such as nominee details or mandate instructions.
06
Step 6: Review the filled-out form for any errors or missing information.
07
Step 7: Submit the completed application form along with the necessary identification documents to the bank or financial institution.
08
Step 8: Wait for the bank's approval and confirmation of your non-business account.
09
Step 9: Once approved, you may be required to make an initial deposit into your new non-business account.
10
Step 10: Start using your non-business account for personal financial transactions.
Who needs non-business account?
01
Anyone who is an individual and not operating a business can apply for a non-business account.
02
Individuals who want to separate personal finances from business finances may need a non-business account.
03
Students or young adults who want to start managing their own finances may also need a non-business account.
04
Individuals who receive regular income or have savings that they want to keep secure can benefit from having a non-business account.
05
People who want access to banking services such as saving, withdrawal, or online banking facilities can consider opening a non-business account.
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What is non-business account?
Non-business account refers to an individual's personal account that is used for non-business related transactions.
Who is required to file non-business account?
Individuals who earn income from sources other than business activities are required to file a non-business account.
How to fill out non-business account?
To fill out a non-business account, individuals must accurately report their non-business income, expenses, and deductions.
What is the purpose of non-business account?
The purpose of a non-business account is to accurately report an individual's non-business income and expenses for tax purposes.
What information must be reported on non-business account?
Information such as non-business income, expenses, and deductions must be reported on a non-business account.
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