How to open a bank account in PROVEN Bank (former Boslil Bank Limited)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

March, 2019

Last contact

December, 2024

Last update

June, 2024

the activities of the bank are regulated by the Financial Control Department of Saint Lucia;
the bank opens current accounts;
there are no restrictions on turnover and types of activity for current accounts;
the amount of the initial payment is USD 5 000;
the term for opening an account – case by case (check with the consultant);
to open an account, a personal meeting with a potential client is mandatory

GSL rating

Beginning of cooperation

March, 2019

Last contact

December, 2024

Last update

June, 2024

Поиск консультанта...

+44 0 207 822 85 93

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

2001

History

The bank changed its name in 2017, until that time it was Bank of Saint Lucia International Limited. There are branches in the British Virgin Islands, Panama and Uruguay. PROVEN Bank (Saint Lucia) acquired the additional minority stake in Boslil in 2022, making Boslil a 100% owned subsidiary of the PROVEN Group.

Boslil Bank Limited is now PROVEN Bank (Saint Lucia) Limited and will be branded and represented under PROVEN Bank

Personnel

There is an English-speaking staff

Bank’s shareholders

100% - PROVEN Group

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Minimum requirements

5 000

Minimum balance, €

No restrictions

Transactions permitted per month

5 000

Initial deposit of funds, €

0

Deadline for the initial deposit, month

Minimum balance, €

Minimum deposit - USD 5 000

Initial deposit of funds, €

The initial deposit is equal to the minimum deposit on the account

Deadline for the initial deposit, month

Submitted when opening an account

How fast payments are executed

1-2 days

Tariffs and services

75

Outcoming transfer, €

5

Incoming transfer, €

240

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Transfer cost - from USD 75 to USD 250

Incoming transfer, €

Incoming payments - from USD 5 to USD 100

Account maintenance, €/year

The monthly cost of opening an account is USD 20.

Closing an account - USD 300

Distant access to the account

Online Banking

Financial products

Multi-currency accounts, deposits, credit cards - VISA and MasterCard, lending, investment, capital management

Credit/debit cards

VISA and MasterCard

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

Visit to the bank

To open an account, a personal meeting with a potential client is mandatory

Required

Completed bank forms; copy of the client's passport; proof of address; standard set of corporate documents

Types of accounts

Savings

Opening procedure and Due Diligence

It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker

Chances to open an account

Predictable

Business description

Requirements for the description of activities are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information

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