Proven bank - business account

[TRGali]

Hi,

Would anyone have some review / experience feedback with proven bank in the Cayman islands?

We have a non risky business and are considering opening with them but we are wondering if they are safe, especially for 6 or even 7 digits wire transfers (let's say incoming wire from the shareholder).

Also, how balls breaking are they about each transaction (let's say, day to day expenses of some thousands USD) regarding providing to them explanations? I know this is the world we live in, but the time wasted on this c*** is so painful that it becomes an important factor when choosing a bank.

Do they need intermediary banks to make/receive transfers?

 

[TRGali]

I wish it would be that simple 😀.

 

[maxiz]

i`ve experience with Proven st lucia.
1. they will require you to provide invoice for every transaction that you get.
2. online platform is not so good but usable
3. abit slow in response and processing.

they use intermediary to received funds.

 

[Sols]

It's a decent bank with service levels in line with banks of this type (small/medium offshore bank).

Be prepared to answer questions about every transaction, although they eventually calm down after you've transacted enough with the same counterparties.

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This is the probably the answer to your question.

 

[TRGali]

Thank you both for your answers.

 

[EliasIT]

maxiz said:
i`ve experience with Proven st lucia.
Click to expand...

what is the banks name?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Sols]

EliasIT said:
what is the banks name?
Click to expand...

https://stlucia.provenbank.com/

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This is the probably the answer to your question.