Example of Bank Promissory Note

The bank note It is a means of investment in which a person (physical or moral), lends an amount as an investment, here the promissory note continues to have the guarantee principle and the legal protections that always accompany it.

In this type of investment, banking institutions make investments with borrowed money providing an interest payment when the legal term of the promissory note is met.

The function of this document is the same as in the traditional loan but with a banking institution and this has a contract specific in which the terms and types of investment that can be made as well as insurance in case of losses or reinvestment automatic.

Generally this type of investment is made with people who meet a series of requirements:

1. Articles of incorporation (only business or legal person)
2. Proof of address (physical or moral)
3. Account at the banking institution
4. Investment amount
5. Powers of attorney and identification of the proxies or interested party
6. Business name
7. Minimum investment balance

Bank check example: