GSL / Offshore and International Law / Offshore Banking / Bank of Saint Kitts and Nevis

How to open a bank account in Bank of Saint Kitts and Nevis

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

June, 2021

Last contact

September, 2022

Last update

September, 2022
  • the bank opens savings and current accounts;
  • the bank does not set minimum balance requirements;
  • only an initial deposit is required immediately after opening an account, which can then be used;
  • you can open an account without going to the bank;
  • the bank does not charge subsequent fees for account maintenance, but at the same time, upon successful opening of an account, the bank sets a one-time fee in the amount of 3,000 USD for opening an account and conducting a compliance check;
  • term of account opening - case by case (check with the consultant)
GSL rating
Beginning of cooperation
June, 2021
Last contact
September, 2022
Last update
September, 2022
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General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
2019
History
Founded in 2019
Personnel
There are English speaking staff
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    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    100 000
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Minimum balance, €
    The bank does not set minimum balance requirements
    Transactions permitted per month
    The number of transfers is not limited
    Initial deposit of funds, €
    For personal current accounts (Personal Account) the minimum initial deposit is from 50.000 USD. For corporate (Business Account) minimum initial payment - from 100.000 USD. For a Private Banking Account, the minimum initial deposit is from 1.000.000 USD
    Deadline for the initial deposit, month
    When opening an account (up to 5 days)
    How fast payments are executed
    From one hour to 6 working days

    Tariffs and services

    250
    Outcoming transfer, €
    100
    Incoming transfer, €
    0
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for an outgoing SWIFT transfer is 350 USD (the transfer is processed within an hour); 250 USD (transfer processed within 3 business days; 200 USD (transfer processed within 6 business days)
    Incoming transfer, €
    The fee for an incoming SWIFT bank transfer is 100 USD
    Account maintenance, €/year
    The Bank does not set any fees for account maintenance, however, a one-time fee of USD 3,000 is charged upon opening an account to reimburse the Bank for its upfront costs for opening an account and conducting compliance checks. It is paid to the Bank only after the client's bank account is opened. Account closing fee - 200 USD
    Distant access to the account
    There is Internet Banking. Bank customers have direct and secure online access to their accounts 24/7
    Financial products
    The bank accepts incoming transfers from all over the world from more than 150 countries, offering clients deposits in 10 different currencies: USD, EUR, GBR, CHF, AUD, CAD, AED, JPY, SGD, HKG. The bank offers a wide range of banking services, asset management, investments, wealth planning and other financial products and services to large corporate and individual clients around the world.
    Credit/debit cards
    Global VISA Debit Card

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Departure to the bank is not required, it is possible to open an account remotely
    Required
    Completed bank forms; a copy of the client's passport; address confirmation; standard set of corporate documents
    Types of accounts
    Savings; Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable

    Banks of Saint Kitts and Nevis

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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