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:

Snowy-pay UK IBAN Whitelabel

Being Run by the same guys who ran Choice Bank, Belize. They offer u a UK IBAN & also Acquiring through their White-label for high risk. Once ur money is with them then you can kiss it goodbye:))) FCA apparently is already aware of this scam operation so perhaps its on the verge of going down &...

www.offshorecorptalk.com

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.