New Bank in BVI for offshore companies launched.

[MrGoodman]

This news has puzzled me. The bank manager assured me that account opening is super easy with them. I have been waiting for their payment facilities to start operating since last year. Now I suppose, it is not worth waiting.

 

[Larry]

I wonder which plans they have for future if I check the latest news it sounds good to me what do you think guys? you can see here:

Bank of Asia Appoints Senior Banker Dr. Peter Reichenstein as President


https://www.bankasia.com/me-press-20190318

 

[BTCNG]

Maybe the new guy will assist them in getting the corresponding services

 

[Martin Everson]

There fees page says minimum monthly fee waived until May 31st 2019. Could be an indication they have something in place after this date. Or maybe I am reading too much between the lines 🙁.

https://www.bankasia.com/fees

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[BTCNG]

Martin Everson said:
There fees page says minimum monthly fee waived until May 31st 2019. Could be an indication they have something in place after this date. Or maybe I am reading too much between the lines 🙁.

https://www.bankasia.com/fees
Click to expand...

They also write in the FAQ :

7. Who is your remittance agency?
We are temporarily adjourning remittance facilities and inward deposits to our customers' accounts. We have taken the decision to review and improve our remittance services and delivery protocols to improve our operational standards.

 

[Martin Everson]

BTCNG said:
They also write in the FAQ :

7. Who is your remittance agency?
We are temporarily adjourning remittance facilities and inward deposits to our customers' accounts. We have taken the decision to review and improve our remittance services and delivery protocols to improve our operational standards.
Click to expand...

Translation: "we just lost our correspondence bank and have no means to send or receive money" 🙁.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Fred]

Anyone opened an account with them?

I checked the FAQ and it seems thy provide now USD, EUR, HKD accounts with correspondence bank in HK.

They have now a subsidiary in HK for securities, fonds and stock investments. On the front page you can see a mobile phone with a bitcoin chart and in their FAQ they don't say anymore they don't support funds from crypto currency.

All in all it seems to me like a huge improvement, what do you think?

Before I forget they now charge 3,500$ for corporate account opening what a mess I didn't know them earlier 😕

Toggle signature

 

[Martin Everson]

Fred said:
They have now a subsidiary in HK for securities, fonds and stock investments. On the front page you can see a mobile phone with a bitcoin chart and in their FAQ they don't say anymore they don't support funds from crypto currency.
Click to expand...

Hummm that's actually interesting now.

Fred said:
Before I forget they now charge 3,500$ for corporate account opening what a mess I didn't know them earlier 😕
Click to expand...

They had waived the opening fee during the period they had no correspondence account I believe. Seems I could have saved $3,500 if I believed they would continue in operation baw3##.

Anyway hopefully someone will have used them and can give feedback.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.