How to open a bank account in CBiBank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

June, 2022

Last contact

November, 2024

Last update

August, 2024
  • an American commercial bank headquartered in Puerto Rico and the United States;
  • the bank opens current accounts;
  • possible account currencies: USD, EUR, GBP, HKD, JPY, CAD and CNH;
  • no minimum turnover or balance requirements;
  • the bank defined a list of jurisdictions (Discount Jurisdiction: Taiwan, Hong Kong, Macau, Singapore, Australia, Canada, UK, Korea, Japan, France, Germany, Ireland and China) which have a reduced account service fee;
  • the possibility of issuing cards will appear in the near future;
  • check with an adviser for the account opening deadline

 

GSL rating
rating
Beginning of cooperation
June, 2022
Last contact
November, 2024
Last update
August, 2024
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General information and rating
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
2018
History
Founded in 2018
Personnel
The staff speaks English. Support is also available in Chinese (Mandarin), Cantonese, Spanish, Portuguese and Hindi
Bank’s shareholders
Strategic partner of CB International Bank LLC (CBiBank) is IDG Capital
Confidentiality
AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    800
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Transactions permitted per month
    No restrictions
    Initial deposit of funds, €
    The Initial deposit is USD 815 (for Discount Jurisdiction, which includes Taiwan, Hong Kong, Macau, Singapore, Australia, Canada, UK, Korea, Japan, France, Germany, Ireland and China). For the rest (Standard Jurisdiction) the cost of the Initial deposit is USD 3 665
    Deadline for the initial deposit, month
    To be entered at account opening
    Minimum turnover, €/year
    No restrictions

    Tariffs and services
    Tariffs and services

    23
    Outcoming transfer, €
    25
    Incoming transfer, €
    800
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for outcoming transfers is from EUR 25 (USD 26)
    Incoming transfer, €
    The fee for incoming payments is from EUR 23 (USD 25)
    Account maintenance, €/year
    Account maintenance fees range from USD 815 to USD 3 765 per year
    Distant access to the account
    CBiBank E-Banking System
    Financial products
    The bank provides digital banking solutions to a wide range of people
    Credit/debit cards
    Cards in progress

    Account opening procedure
    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
    Current
    Visit to the bank
    No visit to the bank is required, remote account opening is possible
    Required
    Copies of passports and proof of address of directors, shareholders, users of electronic banking; Certificate of Incorporation; Commercial License; Articles of Incorporation; Business Plan
    Types of accounts
    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 Porto Rico

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    2 500
    N/A
    N/A
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