GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Puerto Rico Bank

How to open a bank account in Puerto Rico Bank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

October, 2025

Last contact

October, 2025

Last update

October, 2025
  • a small bank in Puerto Rico with an OCIF (Puerto Rico Office of the Commissioner of Financial Institutions) license;
  • the bank opens current accounts for businesses and individuals;
  • the bank also opens accounts in offshore jurisdictions;
  • possible account currencies: USD, EUR, AED, CHF, and GBP;
  • activities for which the bank does NOT open accounts include gambling, forex, gas, oil, and any high-risk activities;
  • minimum account balance requirements: EUR 1 000 000  – EUR 2 000 000;
  • account opening is remote: all documents are scanned; beneficiary identification is conducted via video call;
  • pre-approval is available;
  • Online banking is available (currently only with viewing options; transfers are made via email with WhatsApp confirmation);
  • bank cards can be issued;
  • please consult a consultant for account opening times
GSL rating
rating
Beginning of cooperation
October, 2025
Last contact
October, 2025
Last update
October, 2025
Your Consultant
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+44 0 207 822 85 93

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
2016
History
The bank was founded in 2016
Personnel
The staff speaks English
Bank’s shareholders
A small private bank
Confidentiality
AML legislation is strictly observed
Compare banks

    Minimum requirements
    Minimum requirements

    1 000 000
    Minimum balance, €
    20
    Transactions permitted per month
    4 230
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum account balance for companies with Russian beneficiaries in the structure is EUR 1 000 000 - EUR 2 000 000
    Transactions permitted per month
    There are limits on the number of payments: no more than 5 payments per week (5 in, 5 out)
    Initial deposit of funds, €
    There is no down payment requirement. However, a one-time Compliance Fee of USD 5 000 applies upon account opening
    Minimum turnover, €/year
    No turnover limits
    How fast payments are executed
    Same day or the next day

    Tariffs and services
    Tariffs and services

    0
    Outcoming transfer, €
    0
    Incoming transfer, €
    1 030
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Bank fees for transfers are determined individually or upon request
    Incoming transfer, €
    The bank's fee for crediting is not fixed and is specified separately
    Account maintenance, €/year
    The account maintenance fee is 0.15% per annum of the average monthly portfolio value, charged quarterly. The minimum fee is USD 300 per quarter
    Distant access to the account
    Internet banking is currently available only with account viewing. Payment orders are sent via email, with tracking via WhatsApp.
    Financial products
    Bank provide a comprehensive suite of services, such as multicurrency custody accounts, international payments, global custody of investment portfolios and prepaid cards to both private and corporate clients
    Credit/debit cards
    Bank cards may be issued

    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
    Savings & current
    Visit to the bank
    A visit to the bank is not required: all documents are sent as scans; a video call is held with the beneficiary for identification
    Required
    Completed banking forms; a copy of the client's passport; the client's resume; a standard set of corporate documents
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Reasonably detailed: along with a description of the business, it is necessary to provide information on the sources of funds

    Banks of Porto Rico

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