Question CAYE Bank and first deposit

[Paprika]

Hello to everybody.
I've been reading this Forum for a couple of years and I thank everyone for it.
I am now in the process of opening an account for my company in CAYE Bank.
I sent them the required docs in scans and the Application Form.
They have just replied that I have to transfer the first deposit (1000 USD) + 100 USD application fee BEFORE they proceed with reviewing my documents.
However they specify in the correspondence that transferring the initial deposit to CIB does not automatically qualify as an “approval”. If the application does result in a denial, CIB refunds the respective initial deposit minus applicable fees.

The payment instruction seems to me a bit weird.
So, a question to you: has anyone made it? I mean transfer of the first deposit to CAYE BEFORE reviewing the docs?

Any thoughts?

 

[Gediminas]

Yes, it's all legit.

 

[JohnLocke]

The payment instruction seems to me a bit weird.

What do you mean by that?

 

[Paprika]

What do you mean by that?

ABA/routing number instead of SWIFT

 

[Gediminas]

ABA/routing number instead of SWIFT

It's for USD transfers. For EUR they provide IBAN.

 

[Spinat]

Caye bank has been very responsive the last year or so, can't see anything wrong with them as of yet.

 

[bizniz]

I confirm too, Caye Bank are good guys. You should be fine.

 

[Mr Magoo]

I confirm too, Caye Bank are good guys. You should be fine.

hold your horses here please. Caye is about the last bank in BZ that hasnt gone bust (yet). Some other threads on this forum mention problems with correspondent banks. Avoid unpleasant surprises and do your homework on this bank. Of course the wont be problems wiring the money to them. Getting your funds out may turn out to be a completely different animal. I dont say not to open an account with Caye, just be cautious.

 

[IlyMily]

Any idea if they accept uk ltd companies ? Thank you

 

[bizniz]

Any idea if they accept uk ltd companies ? Thank you

They do accept UK companies.

 

[IlyMily]

They do accept UK companies.

Just checked thank you, but i see they need a bank reference letter, not easy to get

 

[uplana]

Just checked thank you, but i see they need a bank reference letter, not easy to get

Ask @blueweb @dirtyharry or someone to help you with that letter, easy to get.

 

[IlyMily]

Ask @blueweb @dirtyharry or someone to help you with that letter, easy to get.

Thank you @uplana.
@blueweb or @dirtyharry pm please.

 

[Paprika]

Thank you,guys, for all your opnions and info provided.

 

[lacomaco]

Ask @blueweb @dirtyharry or someone to help you with that letter, easy to get.

You mean it is easy to get a genuine bank reference letter? From your own bank probably, but why would you need anybody's help (except to get fraudulently issued references...)?

 

[bizniz]

Yes, it is true there are a few banks that do not issue reference letters as a matter of policy. But generally it should be quite easy to get references. Sometimes they don' t know what you mean when you ask for a reference because they call them something else, like "certificates", but it is the same thing.

 

[Vor]

Never understood the interest in Belize banks sadly they all go under or lose correspondence. It’s just not that great of a jurisdiction can’t say anything bad about the bank in particular through.

 

[MurrayRothbard]

1000 looks better than 5000.

CIM Banque is asking for 5000 Euros to open an account.

 

[erni]

CIM Banque is asking for 5000 Euros to open an account.

Rubbish - where please provide evidence ?

 

[Vor]

Rubbish - where please provide evidence ?

They aren't wrong CIM Banque is 5000 deposit for opening, talk to their live chat agent or call them and ask.