Best bank for funded startup incorporated in cayman

[dotpedal]

Hi,

I am looking to open an account for my well-funded holding company for operating companies in the technology space incorporated in cayman. Our initial deposit will be $3m. The bank account will be used to hold the funds and make a few transfers per month to our operating companies.

The bank should be in a country with a good international reputation, ideally in the USA so we can easily transfer to our operating companies’ TransferWise accounts.

 

[Martin Everson]

Whats wrong with CIBC bank in Cayman? If your not willing to open an account there then you probably shouldn't be opening a company there either.

You won't get much love for Cayman company account openings in Europe for example.

 

[MiddleEuroAsia]

Hi,

I am looking to open an account for my well-funded holding company for operating companies in the technology space incorporated in cayman. Our initial deposit will be $3m. The bank account will be used to hold the funds and make a few transfers per month to our operating companies.

The bank should be in a country with a good international reputation, ideally in the USA so we can easily transfer to our operating companies’ TransferWise accounts.

Your case is the perfect case for Silicon valley bank: Home

That's exactly the type of clients that they like to serve, However, I don't know if they accept Cayman companies or not.

One interesting detail I found is that although they are a US bank, they may have a branch in Cayman islands, I don't know how accurate this info though, so your best bet is to contact them and figure it out.

Good luck!