Business Pages
News and information of particular relvance to our Business Customers
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News Selection
Please see the Bank News page for our full news listings. This is a selection of news items of particular relevance to business customers.
Index:
Important Announcement for Businesses
Bank of St. Helena is pleased to announce that, with effect from 1st April 2007, it is making some changes to benefit business and other customers.
The changes are detailed in this week’s newspapers (click here for a copy of the notice). In summary they are:
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These changes will support and encourage the development of private-sector businesses on St. Helena and will, directly or indirectly, help all customers.
Please click here for the detailed notice as published in the St. Helena newspapers on 30th March 2007.
Bank of St. Helena - Building for the Future
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Cheque Book Scheme Launch
The full Cheque Book Scheme was launched on 21st March 2006.
For more details on the Cheque Book Scheme please see our services page.
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Preparations for the arrival of Air Access
An expected result of the provision of an airport for St. Helena is that the island’s economy will be regenerated, through tourism and in other ways. The Bank of St. Helena wishes to work with businesses on St. Helena to ensure that they achieve the maximum benefit from this expected economic uplift.
The bank continues to work closely with other organisations, including the National Economic Forum, the Chamber of Commerce, the St. Helena Development Agency and the various business sector associations, to ensure that it is able to understand and meet the needs of businesses in this challenging time.
More specifically, the bank is introducing new and more flexible lending packages, to help businesses invest for the future. More details will be announced in the local media and through this website.
The bank welcomes comment and suggestions from its business customers (as it does from all its customers and potential customers). Please tell us what you want from your bank.
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Business Overdrafts
Like a bank loan, an overdraft allows you to spend money before you have earned it, within certain tightly controlled limits of both time and value. However, an overdraft is more flexible than a bank loan and, for certain types of business financing, can be considerably cheaper.
To learn more about overdrafts and how they might help your business please download our guide "Understanding Overdrafts", or contact us for a copy.
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Useful Business Documents
Index: Accounts Lending: General Lending: Business Direct Debit Bank of St. Helena Cheques Transfers to St. Helena Various Bank Forms Other Bank Documents
Accounts
The Terms and Conditions for Accounts form an integral part of any application. Please download and read these before completing an application form. Completed application forms should be brought to one of our offices, with the necessary identification.
Current Account Form - Business
| Download, print and complete this form if you want to open an Current Account for a business. |
Terms and Conditions
| This document details the Terms and Conditions under which the Bank of St. Helena offers Accounts. |
Lending: General
The Terms and Conditions for Lending form an integral part of any application. Please download and read these before completing an application form.
How Your Loan Works
| Information about borrowing |
Loan Calculator
| This Microsoft Excel® worksheet helps you calculate how much a Bank of St. Helena loan will cost you. |
Terms and Conditions
| This document details the terms and conditions under which the Bank of St. Helena offers personal and business loans. |
Lending: Business
The Terms and Conditions for Lending form an integral part of any application. Please download and read these before completing an application form.
Starting your Business
| Read how you can get funds to start your new business, with a loan or overdraft from the Bank of St. Helena |
Growing your Business
| Read how you can get funds to grow your business, with a loan or overdraft from the Bank of St. Helena |
Business loan application guide
| The Bank is the first point of call for all applications for loans of a business nature. This document explains the information that is required in, and provides guidance for the creation of, an application for a business loan. |
Cash Flow Forecast Example
| This Microsoft Excel® worksheet shows you how to prepare a cashflow forecast, as you would to accompany a business loan application. It also has a template for you to adapt. |
Understanding Overdrafts
| An easy guide to Overdrafts, as a tool for business financing. |
Direct Debit
Please note that this is currently a Pilot Scheme
Scheme Rules, for Customers
| Rules defining the operation of the Direct Debit scheme, as they apply to customers |
Scheme Rules, for Billing Organisations
| Rules defining the operation of the Direct Debit scheme, as they apply to billing organisations |
Bank of St. Helena Cheques
Terms & Condition for Cheque Issue
| Terms & Conditions for the issue and use of cheques |
Information for Drawers
| If you are issued with a cheque book, please read these notes, which provide useful guidance on the correct use of your cheques. |
Information for Acceptors
| If you are planning to accept cheques, please read these notes, which provide useful guidance on the correct handling of cheques. |
Cheque Pay-In Itemisation Form
| This form can be used to itemise cheques for banking. |
Cheque Pay-In Itemisation Form (Excel®)
| This is an electronic version of the form that can be used to itemise cheques for banking. |
Cheque Book Application Form
| Form to apply for a cheque book |
Transfers to St. Helena
Transferring money to St. Helena
| This document gives details on how to transfer money from anywhere in the world to an account held at the Bank of St. Helena. The information is valid for single and regular transfers. |
Various Bank Forms
Sterling External Payment - to UK
| Form for making a Sterling (GBP) External payment to a UK Beneficiary |
Sterling External Payment - to NON-UK
| Form for making a Sterling (GBP) External payment to a NON-UK Beneficiary |
Non-Sterling External Payment
| Form for making a Non-Sterling External payment |
UK Standing Order Payment
| Form for making regular External Payments in Sterling (GBP) to a UK Beneficiary |
Local Standing Order Payment
| Form for making regular payments to another Bank of St. Helena account |
Paying In Slips - SHP
| Form for paying in Cash in St. Helena Pounds (SHP) |
Paying In Slips - GBP
| Form for paying in Cash in UK Pounds Sterling (GBP) |
Other Bank Documents
Advice on Acceptance of Foreign Currency by Merchants
| Advice for merchants considering accepting Foreign Currency as payment. |
Contacts sheet
| Our contacts sheet, in readily printable form |
World Business News
Please see below the latest business news page from the BBC in London:
Economic Outlook
Please see below the latest economic research page from our UK partners, Lloyds TSB Bank: