Private Account with the Caye International Bank Limited

Belize is a natural bridge between two continents, where you can find a huge number of lakes and lagoons. Rainforests protect this piece of virgin nature from the excessive curiosity of man, and Caribbean hurricanes remind its people of who is the true owner of these lands yet again and again.

Belize was once home to the Mayan people, but the arrival of the Spaniards in the 16th century was to change the serene life in Belize forever. Over the next 200 years there was an endless struggle for the territory of the country. The local Mayan people were pushed into the mountainous areas, and the main plentiful lands changed hands, starting with the Spaniards, and ending with the British.

Belize was so attractive, located at the strategic crossroads, that the first settlements were started there by the English and Scottish pirates. Belize was the most favorable location to raid the Spanish colonies in southern Yucatan.

Belize only became free on September 21, 1981, but even after its gaining independence, the British armed forces contingent (1.5 thousand people) remained in the country until 1992, when Guatemala finally announced they had abandoned their claims to Belize.

Modern Belize is different. Now it is an advanced and developed offshore business center that offers high quality banking services. In addition, life in Belize is measured, and the political environment is stable. The local currency is pegged 2:1 to the US dollar which makes the exchange rates very clear. Since Belize is located in the central standard time zone, it makes it easier for the U.S. customers to contact the bank managers.

We have already published several articles in Internationalwealth.info on one of Belize’s most attractive banks, the Caye International Bank, and now we are getting back to this financial institution to tell you how you could get a private account opened with this bank.

You can find the list of main reasons why you should become a customer of the Caye International Bank Limited below:

• Reliability: The bank has high liquidity ratios;
• High standards of honesty;
• Innovations in the financial market;
• Partnerships with banks and financial partners: Numerous correspondent relations with many international banks allow the Caye International Bank Limited to provide asset management services in various currencies. The bank also can offer its customers a VISA debit card for international use. The card is provided by a U.S. partner based in Florida.
• Confidentiality: Your data at the Caye International Bank Limited belongs to you only, based on the Bank Secrecy Act;
• Protection: Belize’s legislation protects beneficiaries and advocates for them;
• Yield: Caye International Bank Limited offers competitive interest rates.
• Professionalism: In 2019, this international bank of Belize was recognized as the best private offshore bank in Latin America. This award highlights the exceptional results of this financial institution.
• Warmth: Tropical climate combined with the positive attitude and hospitality.

Caye International Bank offers its clients many conventional investment products that include:

Term deposit for 1 to 5 years;

Demand deposit account with interest;

VISA debit card for international use;

With this bank, you will have an option of choosing any of the five different currencies for your account: USD, CAD, EUR, GBP & CHF.

VISA Prepaid Cards

Caye International Bank offers its customers acquiring a prepaid VISA card. It is very convenient when you urgently need additional funds.

Card properties:

• Up to USD 10,000.00 can be credited to the card;
• The card can be used anywhere across the world wherever the VISA logo is present;
• Cash withdrawals are available at any ATMs around the world;
• Statement of account is available by email.

Name of Service	Amount
Card reload rate	3% of the amount
Annual fee	USD 50.00
Card account service fee	USD 3.00
Balance request at ATM	USD 2.00
Cash withdrawal from ATMs;	USD 5.00
Change of pin	USD 2.00
Charge for shopping payments	USD 3.00
Fee for inactivity for more than 90 days	USD 10.00
Cross-border fee	3%
Currency exchange	3%

These fees may be changed at the bank’s discretion.

Savings Account (Lifestyle Account)

• Available deposit currency is U.S. dollars;
• Minimum amount to open a deposit is USD 1000.00; 

• Minimum amount for receiving bonus interest is USD 10,000.00;
• The period of deposit opening is 1 to 5 years. The rate depends on the deposit amount.
• If your deposit is less than USD 25,000, the rate will be 0.10%; a deposit of USD 25,000 to 99,000 will yield 0.25%; and the one of more than USD 100,000 will make 0.50%.

Private Offshore Demand Deposit Account

This deposit account is very convenient. You can withdraw your money as many times as you wish.

• Available deposit currency is U.S. dollars;
• Minimum amount to open a deposit is USD 1000.00;
• The interest paid on the balance varying from USD 0.00 to USD 9,999 is 0,00%;
• The interest paid on the balance over USD 10,000 is 0.10%;
• The interest is paid monthly into the customer’s demand deposit account;
• You have full access to your account information 24/7;
• Monthly statement of account is also provided.

Deposit Account

In addition to other conventional products, the bank offers you to place your funds to a fixed-rate deposit that will allow you to yield on your money. Make your account interest rate fixed for a certain period of time that is convenient for you. The return will always be at the fixed rate, this will allow you to know the value of your investment. You will be able to plan your profits and use the interest you receive.

Term of deposit	Rate %
For 1 year	2.25%.
For 2 years	2.50%.
For 3 years	2.75%.
For 4 years	3.00%.
For 5 years	3.50%.

You should know that you can always withdraw your term deposit before the specified date, but you must notify the bank about that in advance, a month before. In this case, you need to understand that the administrative fees will be deducted from the returned amount.

Online Banking Security

Today, the Internet banking services use is nothing but the standard of modern life. But when it comes to the customer finance security, the bank takes online banking very seriously. Caye International Bank uses the latest technology to protect its banking systems. In addition, the Government Agencies of Belize regularly audit the bank to ensure that any and all transactions carried out by the bank are legal.

Rates of the Caye International Bank

Name of Fee	Amount
Application review fee	USD 350.00 (application fee, FATCA fee)
Monthly fee on each account	USD 14.50
Intrabank translation	USD 5.00
International outgoing transfer	SUD 100.00
Incoming payments	USD 10.00, also bank expenses of a correspondent bank
Tracking of international transfers	USD 35.00
Fee on depositing cash into the account and receiving cash from the bank (you need to notify the bank of such intention of yours within 2 working days)	3% of the amount

Directions for Opening a Private Account with the Caye International Bank in Belize:

1. The first and the main step to take is to become certain that you want to become the owner of a corporate account with the Caye International Bank. You should contact us by email to: info@offshore-pro.info. This e-mail address is protected from spam bots, so you will have to enable Javascript in your device to view it and inform us on your intention to get a professional consultancy regarding opening a bank account. Next, we will sign a contract between you and our company on providing you consulting services.

2. In accordance with the service agreement, you will need to pay a fee for the services to be provided and the assistance in getting your private bank account with the Caye International Bank opened. You can do that with a card, via PayPal, Western Union, WebMoney, or make a banking transaction. The cost of our service is 2999 EUR.

3. After that we will move on to collecting and preparing the information that is required for getting your account opened.

For that, you will need to provide the following documents:

• Filled out, printed and signed copies of the bank papers for opening an account;
• Notarized copy of your travel document (pages with your photo and signature).

• Notarized proof of residence address confirming that your address is outside Belize, Central America (utility bill or bank statement); 

Note: This document must be no older than 3 months by the time the account-opening package is submitted, and it must be translated into English by a certified translator. 

• A banking and a professional reference for each account signatory. Professional relations with the lending institution and the professionals (lawyers, notaries, etc.) must be lasting for at least 2 years.

Examples of such references can be downloaded from the article calledHow toAsk a Banker for a Banking Reference So That You Will Not be Turned Down?

The period of opening your account from the moment the bank receives all the required documents lasts at least 2 weeks.

If you wish to become a customer of an offshore bank in Belize, the Caye International Bank, please email us to info@offshore-pro.info and we will certainly assist you with that.

You can also open a corporate account with the same bank: Corporate Account with the Caye International Bank Limited