Caribbean bank account in Belize
Our agent in Belize can help you open a
personal or corporate bank account in Belize:
FULL range of banking services offered by this bank:
- Letters Of Credit
- Internet Banking
- Brokerage/Investment
- Credit Card - Visa or MC Prepaid and secured available.
- Requires bank references and notarized passport for I/D
| Account Information
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| Personal
Savings
Term Deposits
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Demand
Deposits
International Credit Cards
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Personal Savings Account
This account is for personal use only, and
will be opened in your personal name.
The minimum required to open a savings
account is $1,000.
Interest of 2% per annum is earned on
balances $500.00 and above and is paid on a quarterly basis.
Demand Deposit Accounts
Most commonly used for International
Business Companies (IBCs)
This is a non-interest bearing account.
Checks cannot be drawn on this account
The minimum amount required to open an
account is $1,000.00
This balance is required to be maintained
at all times and a US$25.00 charge is applicable if the
balance falls below US$1,000.00.
Fixed Term Deposits
The minimum amount required to establish a
fixed term deposit is US$20,000.00.
Interest rates on time deposits vary
depending on the amount and the time period for which the
deposit is placed with us.
Interest payment will be paid at Maturity
and credited to your Account held with the bank.
International Credit Cards
The bank offer both VISA and MASTERCARD credit
cards.
The card can be granted in the name of the
International Business Company (IBC).
The credit card needs to be secured with
cash.
The security requirement is for 125% of
whatever limit is requested, to be placed in a hypothecated
deposit with us.
The interest rate on the credit card is
1.83% per month. (Only applied if full balance due on Credit
Card is not paid).
Yearly renewal membership fees are: US$50.00 for
Personal cards. (US$25.00 for each additional cardholder);
US$100.00 for Corporate cards. (US$50.00 for each additional
cardholder)
Repayments are required in US dollars.
The bank offer the service of paying your
monthly credit card bills by debiting your account.
The cost is US$10.00 per debit, and no additional
charges for this service.
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Requirements to open a Personal/Corporate
Account
In order to better serve you and to avoid any possible delay in opening your
account the bank kindly ask you to complete the following forms or requirements:
Application Form (we'll email it to you)
- Complete the application form to
open an account, including the section for signatures. This section
must capture the signatures of all the parties to the account, and
be notarized in the event the signatory(ies) is (are) not in Belize.
- Certified Extract of Board of
Directors Meeting if the applicant is a company.
- Statement of Non Resident Status.
(We can only do offshore banking business with non-residents of
Belize.)
- Indemnity for Facsimile, E-Mail
and Telex Instructions which includes a section to “Insert Code” in
order to authenticate your instructions when received by any of
these means. Please note that the use of code words is not mandatory
but customers are encouraged to use them.
- Complete the attached Anticipated
Activity Form New Accounts.
References
A suitable Bank Reference must be submitted for each of the signatories
to the account (personal and corporate accounts), beneficial owner(s)
and director(s) of a company (corporate accounts). References from an
acceptable lawyer or accountant may be considered in substitution of
bankers’ reference. A bankers’ reference will only be accepted from an
acceptable financial institution and should be an institution with which
the person has had a relationship for at least two (2) years. This
should be stated in the reference. (eg., length of relationship, nature
of business, and average balances where possible).
Identification
We require an identification, which must bear the customer’s picture and
signature. If the customer is not in
Belize, the copy of the identification must be notarized. The following
are acceptable: picture and signature
page of a valid passport, or a valid driver’s license.
Confirmation of Address
Street and country address of the parties to the account are
required.
Company Documents (we provide)
In the case of a company, in addition to the above, the following are
required:
1. Certificate of Incorporation, and Articles and Memorandum of
Association.
2. Certificate of Good Standing (if company has existed for 12 months or
more).
3. Subscribers appointment of directors of the company.
If the company is not registered in Belize the Certificate of
Incorporation, and Articles and Memorandum of
Association must be notarized. If these documents are not in English, we
require suitably translated copies
of these documents.
Initial Deposit
The minimum deposit required to open an account is USD 1,000.00 or
its equivalent. (Please note that the bank
will only accept cash deposits up to a maximum of USD 10,000.00 per
deposit or a maximum of USD 50,000.00 in a calendar year.)
| Fees and
Charges |
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Bank Drafts / Cashier's Checks
Cash Transactions
Wire Transfers
Debit to Accounts
Monthly
Statements
Courier Charges
Telephone / Fax /
Telex Charges |
Letters of Reference
Retained Mail
Returned Items
Stop Payments
Availability
Schedule for Checks & Drafts
Cancellation of Account b/f 3 Months
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Bank Drafts / Cashier's
Checks: A charge of US$20.00 per Draft/Check.
Cash Transaction:
Cash Withdrawals are limited to US$1,000.00 per transaction and are
subject to a handling fee of 2% or a minimum of US$30.00.
Wire Transfers:
US$70.00 within the U.S. US$80.00 for all other jurisdictions. The
Bank also reserves t he right to recover any additional charges from
the customer.
Debit to Accounts:
A charge of US $10.00 per debit item is applicable.
Monthly Statements:
First copy no charge. Additional copies US$5.00 each. (Please note
that statements will only be supplied when requested.)
Courier Charges:
A charge of US$50.00 per courier item - one-way. (FedEx or DHL)
Telephone/Fax/Telex
Charges: The Bank reserves the right to recover costs
incurred on behalf of the customer.
Letters of Reference:
A charge of US$25.00 per letter.
Returned Items:
A charge of US$35.00 plus interest is levied.
Stop Payments:
A charge of US$35.00 each.
Availability Schedule
for Checks and Drafts: Normally 3 to 8 weeks for checks
drawn within the U.S. Checks drawn outside the US will be sent on
collection and the Bank will bear no responsibility if the clearing
of these checks exceed six weeks. Checks and Drafts sent for
collection will incur a US$75.00 charge plus courier charges.
Cancellation of Account
Before 3 Months: A charge of US$50.00 is levied |
Application Forms:
We will send you by email.
References:
Please note that in order to establish an account with us, non-residents of
Belize are required to provide a notarized copy of a picture ID (preferably from
a passport) along with two up to date banker's references which should evidence
a banking relationship for eighteen months or more. These references should be
sent directly from your bank to the bank in Belize. Faxed references are
accepted but a hard copy should follow within two weeks. The information
requested should be as detailed as possible and must include information on the
type of relationship you have with the institution (e.g. a depositing or
borrowing relationship), the amount of business conducted with the institution
(e.g. high five figures or low four figures etc.) and any other basic
information that shows satisfactory operation on your behalf. These references
would need to be provided for all signatories on the account.
Identification:
The bank require an identification (preferably a passport), which bears the
customer's picture and signature. If the customer is not in Belize, the copy of
the identification must be notarized.
Confirmation of Address:
Street and country address of the parties to the account is required.
Trust Accounts:
In order to open a Trust account with the bank, the requirements are similar to
those outlined above for other accounts in that we would require bankers
references etc. for all parties involved in the trust including the settler,
trustee, beneficiaries and a protector if applicable. The bank would also need
to be supplied with a copy of the Declaration of Trust and if any of the parties
to the trust were a company, the bank would need to obtain the information
outlined above for the principals of the company.
Company Accounts:
In order to open the account for an IBC, in addition to references and
identification, the bank will also need:
1. A copy of the
Memorandum and Articles of Association
2. A copy of the Certificate of Incorporation
3. A copy of the Share Certificate of the company.
4. Certificate of good standing if the IBC was not incorporated in Belize
If the company was incorporated with Bearer
shares the bank need to have a written undertaking from the owner of the IBC
that those shares will not be transferred to anyone else without bank prior
knowledge.
All documents should be in the English
Language.
Order a
Belize bank account here
(with or without a Belize company)
Available from Belize:
FIND/BUY RELATED
BOOKS!
Whilst
every effort has been made to ensure that the details contained herein are correct and
up-to-date, it does not constitute legal or other professional advice. We do not accept
any responsibility, legal or otherwise, for any errors or omissions.
Please go to our Uses of offshore Companies Page where you will
find interesting information on the benefits of using offshore companies and trusts for
business and personal use, links to information on other locations and details of our
products and services.
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