caye bank international belize

Martin Everson

Offshore Consultant
Business Angel
I’m extremely new to this Martin, I really do not know what to expect from an offshore account.
No worries we all started somewhere. Your entering at the most unstable time however as the industry is going through rapid changes.

But I know my money isn’t growing in an American bank like I need/want it to.
Are you a US Person by any chance? If so the options are very limited unfortunately.

For a beginner like myself, where could I go to best understand how these offshore accounts work? I just want to open a savings account and continue to deposit till I retire.
You can go through some of the older threads or simply just watch the goings on. Basically don't rush into anything you will regret just watch and learn from the forum what works and does not work for others.

P.S Start a new thread if you need more help so this thread isn't hijacked thu&¤#.
 

Ljsocks

New Member
Hi all

anybody else using Caye bank international in Belize?

As within the last week they have suspended their corresponding bank relationship with crown agents uk.

does anybody else know anything?

They reckon they will have new corresponding banks by mid dec. After pressing their customer support it was then revealed that this would be at the earliest.
Is it connected to the current problems with Atlantic bank international, also using Crowns agents bank. Has crowns agents pulled out of Belize?
I have used them since 2001 . I have had no problems until you did
 

Grenadas

New Member
Is Heritage bank still live? Or also suspended wire transfer services as well as Caye?

My bad. There is no such information in public sources about Heritage. But I think Crow is corresponding for all banks at Belize. Do you think otherwise?
 

nickyboy2018

Active Member
Hi Ravengary

Such as?

can you be more specific?

Are you closing a personal account? a business account?

Other than the standard application from, what other paperwork have you been required to provide?

Many thanks for replying Ravengary.
 

Grenadas

New Member
Yes, it appears they just trying to win some time and eventually they will go belly up like Choice bank.
 

joseph15

Active Member
Yes, it appears they just trying to win some time and eventually they will go belly up like Choice bank.
So what are you saying? Nobody can send out money from their accounts there? Then why do they accept new applicants if they are facing such troubles
 

blizz

Trusted Member
Business Angel
Mentor Group
So what are you saying? Nobody can send out money from their accounts there? Then why do they accept new applicants if they are facing such troubles
can some confirm if this is the case?
 

cayerep

New Member
Seems Caye found the new correspondent bank and how can send and receive payments.

http://cayebank.bz/sites/default/files/USD Wiring Instructions - PDF File.pdf
Caye International Bank does acknowledge the time during which it was without a correspondent bank for a short period earlier this year, but it has since onboarded two new correspondent banks, and has worked through its transaction backlog, and is now successfully processing transactions.
I am a Customer Service Officer at the bank and please feel to reach out to me with any concerns you have about wires to: operations@cayebank.bz.
 

xzars

Trusted Member
Business Angel
Caye's 20%+ (previously advertised) liquidity is outstanding but it's not enough if ~90% (rough estimate) of clients are foreigners who joined for the now-gone privacy. Yes, they have liquidity crisis like half the banks there. Get your funds out of Belize ASAP. Don't open new accounts unless you want to shoulder some of the bill.

Thier gov. is too naive to adopt CRS without graceful phase-in period of 10+ years. EU's black list is not as scary as it sounds for a remote country like Belize. It's certainly better to be on that list instead of destroying all customer trust in Belize as a financial services jurisdiction. Now it will only ever be a place for vacation.
 

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