Of all highly esteemed private banks in the Bahamas, there is a bank with top-notch technologies, excellent customer care, and a solid experience in a variety of financial services. It was founded in 1957 and provides private banking and other financial services.
The Bank has been at the heart of the Bahamian banking community for 60 years ensuring the growth of wealth and protection of its customers’ assets for many generations to come. This long-term strategy in cooperation with each customer is the bank’s unique mission.
The Bank manages over USD7.6 Billion in assets and USD68.7 Million in bonds. Its services are available to a variety of individual and corporate clients all over the world. In general, the bank prefers to work with a smaller number of clients, but provides them with an individual approach and the most effective targeted solutions.
It is regulated by the Bahamas Central Bank and the Bahamas Securities Commission. It is governed by the laws of the Commonwealth of the Bahamas.
The Bank employs approximately 80 staff members who speak to clients in French, Spanish, German, Greek, Chinese (Mandarin), and Italian.
The Bahamas Bank works with the largest banks in the world. It has correspondent relations with UBS, Deutsche Bank, Morgan Stanley, Credit Suisse, National Bank of Canada, Merrill Lynch, Bank of The Bahamas, and First Caribbean International Bank. The bank thoughtfully chooses which of its partners to cooperate with to satisfy the client’s requests and goals to their full satisfaction.
Despite the individual approach, the bank charges its clients relatively low commissions, which makes it a reasonable choice for long-term cooperation.
The minimum recommended deposit to open a personal account is USD 250,000 or the equivalent in another currency.
The Bank’s goal is not to offer bluntly standard impersonal services, but to select tailor-made solutions that meet specific tasks and solve the client’s problems.
For this purpose, a special framework has been designed, which allows to hand-pick and assemble customer-specific solutions for each client and their particular needs.
What types of banking services are offered by the recommended bank in the Bahamas?
- Multicurrency accounts
- Secure online access
- Storage of securities (Global Custody)
- Deposit Products
- Short-term investment options
- Currency exchange products
- Trade and investment services
- Secure online banking
The Bahamas bank offers secure access to the account through its technically advanced digital banking platform and applications. More and more services are available remotely, with customers choosing what and how they want to do it.
Particular attention is paid to safety and security guarantees. Customer’s confidence in the bank’s impeccable reliability is one of the pillars of the bank’s established success and unchallenged reputation.
When registered on the bank’s portal, the client receives a digital account with access to the following online banking services:
- Multi-level identification system
- Login by token log-in
- Additional password
- Payments online
- Online stock trading
- Secure instant messaging.
- Credit Cards
The Bank issues credit cards for individuals and companies. Cards can have the following features:
- Secure prepaid credit and debit cards
- Available in euros and dollars
- All kinds of payment by card options and use at ATMs
- Gold Card has a credit limit of up to USD 100,000
- Low rates of interest – 14%
- Card delivery within 5 working days
- The credit card can be deposited into the same investment portfolio which is administered by a Personal Manager
- Other services
In addition to purely banking services, the bank in the Bahamas offers its clients additional services, including asset protection and wealth management. The task of specialists is to guarantee individuals and their families the long-term protection and growth of their wealth.
The staff of the bank offer to help the client with the services of setting up:
- Private holding companies;
- Family offices;
- Private Trust companies
Besides, customers rely on the services of the bank’s financial family advisers.
How to open a Bahamian bank account remotely?
Please contact firstname.lastname@example.org and let us know if you would like to open an account.
Notify the advisor of the purpose of the account and provide the copies of documents you will be requested to submit for verification.
To open an account, you will need to provide:
- A notarized copy of your passport or ID
- Notarized proof of residence address
- CV (resume)
- Document confirming the legality of the origin of funds.
- The bank is also entitled to request other documents, such as a printout of your bank statement.
You may be asked to meet online for an interview with a bank representative.
The fee for the professional service of opening a personal bank account is 2999 EUR. It covers a lot of chores and saves you lots of unnecessary and waste efforts.
After receiving the full package of documents and payment, our specialists will start to open an account for you. Their professional knowledge and experience is a guarantee that your documents will be submitted to the bank in full compliance with the requirements. During the period of your application you can absolutely rely on our team’s sound judgement and commitment to your success. Everything will be done for you remotely, with no need for you to travel to the Bahamas.
As soon as we finish the procedure, you will get access to your account.
From the moment of your submission of the full set of documents to the bank, you will have to wait for the bank’s decision for about 15 days.
For more information and for our expert’s services, please refer to email@example.com.