Bank of Asia BVI / Snowy pay

[BTCNG]

Hello all

I checked the option to open an account with Bank of Asia BVI (for an offshore croporate). Opening an account with them is not cheap as you can see here: https://www.bankasia.com/fees
When I asked them about the ability to do wire transfers, they said that the way they will do it by creating an account with one of their payment portals - Snowy pay.
Does someone knows this service? Is it a scam? Will the funds in the bank be safe?
I only saw this thread, but I'm not sure it’s the same case:
https://www.offshorecorptalk.com/threads/snowy-pay-uk-iban-whitelabel.28799/
Will appreciate your advice.

 

[TS1]

Its not a scam, but not impressed. Its been over a year since my last experience with them so I do not have up to date information. Who are the other correspondents?

 

[Sols]

Bank of Asia have had problems with correspondent accounts since the very beginning. I'd stay away.

 

[BTCNG]

Any other advise?
So basically, I shuold stay away?
Its funny due to the high cost of account setup.

 

[Martin Everson]

All very sad that Bank Of Asia still not resolved correspondence banking issues. Not sure why they didn't go with nesting transactions with another more established payment provider.