Hamilton Reserve Bank (Nevis)

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JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Anyone with an account there?
I have ordered a withdrawal 4 weeks ago, it has not been executed yet. The bank says “we are currently undergoing system upgrades and as such wires will be a bit slower”.

Do you think I am fucked?
 

hlepic211

New member
I tried to open an account there last week. They said they have a problem with their correspondent bank and do not accept any new applications.
 

Fred

Dubai Expat
Mentor Group Gold
Elite Member
Commercial Service
Entrepreneur
Anyone with an account there?
I have ordered a withdrawal 4 weeks ago, it has not been executed yet. The bank says “we are currently undergoing system upgrades and as such wires will be a bit slower”.

Do you think I am fucked?
I'm sure they don't run away with your money however that's what we try to claim all the time - there is no point nowadays banking with old "new school" offshore banks popping up 20 years ago - in fact there business is dead and they were already using a correspondence that were again using Western Union Business Service with shared account as correspondence so it's not only technical in practice very hard to work in daily business but even such correspondent networks will dry out in the next months / 1-2 years.

Look at Euro Pacific Bank they just need to loose there last correspondence bank and then they claim to have technically issues as well.
 

Marios

Mentor Group Gold
I was about to start an application today for a client and I have been informed by our associated banker in the bank that they are undergoing a major software upgrade which is currently experiencing a disruption to the wire process. They expect this to resolve soon, however, sometimes these issues can take longer than expected she said.
We will be notified as soon as the issue is resolved and will update you accordingly
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
undergoing a major software upgrade which is currently experiencing a disruption to the wire process. They expect this to resolve soon, however, sometimes these issues can take longer than expected she said.
We will be notified as soon as the issue is resolved and will update you accordingly
That’s copy/paste from the email I received from the bank in response to my request to wire funds.
Well, at least they are not trying to pay out old clients with new clients’ money.
 

Marios

Mentor Group Gold
That’s copy/paste from the email I received from the bank in response to my request to wire funds.
Well, at least they are not trying to pay out old clients with new clients’ money.
Yes indeed the response is a copy/paste in order to be as objective as possible.
 

sonato

Offshore Agent
Mentor Group Gold
BANNED MEMBER
They expect this to resolve soon, however, sometimes these issues can take longer than expected she said.
We will be notified as soon as the issue is resolved and will update you accordingly
Each time I read such statements I run and look for a solution somewhere else, it always ends bad!
 

Marios

Mentor Group Gold
Each time I read such statements I run and look for a solution somewhere else, it always ends bad!
Same here. There's never smoke without fire
 

KDX

OffshoreCorpTalk Addict
Entrepreneur
Same here. There's never smoke without fire
A software problem doesn't cause these kind of problems unless something very tragic happened like they got hacked or something. I'm gonna say its something else, probably lost their correspondence bank or something. Deal with caution!!
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
The bank executed on Friday one of the two wires I ordered (the smaller one).
 

Nexus ISG

New member
Banks normally will inform you upfront about the updates or technical issues they expect. A Bank what will send this as an answer on a question you have, I would not trust them as in most cases there is something else going on. Software may never beetje cause of delays in service !!
 

TDT

New member
Anyone with an account there?
I have ordered a withdrawal 4 weeks ago, it has not been executed yet. The bank says “we are currently undergoing system upgrades and as such wires will be a bit slower”.

Do you think I am fucked?
I was caught out by a boiler room carbon credit scam in London some years ago. The business was run by a certain Ian Hamilton who fled to Dubai; no idea if there is a Hamilton connection here...
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
I was caught out by a boiler room carbon credit scam in London some years ago. The business was run by a certain Ian Hamilton who fled to Dubai; no idea if there is a Hamilton connection here...
No connection. They recently rebranded the bank as Hamilton from Alexander Hamilton, a founding father of the USA, who was born in Nevis.

After 2 months the bank is not returning my money I have instructed counsel to start a lawsuit. Let’s see how it goes. First step is applying for a court injunction.
 

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