What to Look For in a Belize Bank

Summary: To find the ultimate Belize bank, look for a financial institution with exceptional customer service, online banking services, an ethical code, the financial services you need most and compatible financial prerequisites.

For a variety of reasons, investors and account holders from around the world gravitate toward Belize. Since the entire country is a tax-friendly jurisdiction, those who opt to have accounts and investments in Belize may be able to save a lot when it comes to tax time at the end of the year.

Plus, Belize may offer greater security and diversification, leaving your assets less vulnerable in the future. If you know that you want to find a Belize bank, but you aren’t quite sure where to start, keep these five factors in mind.

1. A Bank That Fits Your Financial Profile

First and foremost, you will want to locate a bank in Belize that fits in with your finances. Some offshore banks, particularly in Belize, have minimum balances needed in order to open an account.

If any one bank located in Belize appeals to you, take a look at their website in order to find out the financial prerequisites. As long as you will be able to meet these initial deposits or annual balances, then you can move on to the next item on the checklist.

2. A Bank With Online Services

Unless you live in Belize or plan to make frequent visits to the country, having access to your bank accounts online will be a tremendous advantage. Whether you are a business traveler, you live in a timezone incompatible with the timezone in Belize or you simply want the flexibility to transfer, deposit and withdraw at a moment’s notice, look for a bank that offers online services for its customers.

3. A Bank That Offers the Financial Services You Need Most

Not all banks offer the same financial services. Some banks may provide just offshore checking and savings accounts for customers, some offer a range of estate planning and investment options and still more offer things like prepaid MasterCard services that can be used globally. Think carefully about what services you need most from your Belize bank and then ensure that your top pick offers them all.

4. A Bank With an Ethical Code

Some people are worried that offshore banking means flirting with illegal activity, but that couldn’t be further from the truth. By picking a bank in Belize with a strict ethical code, and in particular one that stands against money laundering, you can rest assured that your money is safe and the financial institution you are dealing with is reputable and secure.

5. A Bank Offering Exceptional Customer Service

Most banks in Belize have staff who speak perfectly fluent English, which is a great advantage when compared to some offshore banking locations. However, look beyond just language when considering communication with banking professionals.

Ideally, you would find a bank home to helpful employees who are willing to communicate with you in your preferred medium, even outside of business hours, to deliver exceptional service.

Finding the right bank in Belize may feel overwhelming at first, but it can be the first step toward a more secure financial future for you as well as your loved ones.

Contact Caye International Bank and let us help you with all your international banking needs.

Caye Bank

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.

Making Your Offshore Money Work for You

As you become more proficient with offshore investing, the money that flows into your international bank accounts will increase significantly. While it was fun making that offshore money, you don’t want things to come to a halt now. Even as that money is safely tucked away in offshore banking accounts, you want it to still generate additional wealth. This means you have to find a bank that offers the best opportunities to accumulate interest income from that money.

Why Would I Want to Change My Offshore Bank?

One of the things that seasoned offshore investors understand is that nothing is quite as sure as change. An investment that does very well for a period of time can begin to turn sour. Opportunities that seemed unworkable in times past may be very appealing as shifts in the economy of a nation begin to develop. The point is that there is no element of the investment and wealth management process that is not subject to review and change. This includes your selection of an offshore bank.

Benefits of Opting for Latin American Financing

The benefits of financing from Latin America include higher acceptance rates, lower overall banking and overhead fees, political and banking stability, the potential for loans in a number of different currencies and variable interest rates.

Managing Offshore Bank Accounts

After conducting due diligence and establishing offshore bank accounts with an institution that offers everything you need to take care of your international investing activity, the next step is to make sure you are getting the most benefit from the features that come with those accounts. Your choice of a certain bank in a specific nation may be inspired, but it is of little consequence if you don’t use the services and features to best effect. To give you some ideas on how to go about making the most of those account features, here are some suggestions.