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Anyone experience with cbibank ?

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Not a bank. It's a financial entity.

The fact that they're referring to their Puerto‌ Rico licensed international financial entity as a "US Government licensed and supervised commercial bank" is‍ a red flag. It's arguable whether the Puerto Rico government could even be considered US⁠ government since it's an unincorporated territory of the US. Things get especially strange when their⁤ terms and conditions specifically exclude US residents and nationals. Does that sound like something a⁣ normal, genuine US bank would do? Of course not.

The website is available in English⁢ and Chinese. WeChat as contact method. They offer China UnionPay cards and RMB balances. That︀ tells you who their target audience is.

No pricing anywhere.

But I have no experience︁ with them. Maybe they're the best bank in the world. I just see enough red︂ flags to stay away.
 
I spent US$200 to open an account and deposited US$1,000. However, the first remittance review‌ failed, so it’s still lying around.
 
Any more review on this CBIBANK?

They contacted me to open a personal account with‌ them for 200 USD

I am still considering it.
Pls does anyone have good experience‍ with them

Thanks
 
They contacted me again for a business account.

Their fees are relatively expensive but they‌ claim they don't ask too much questions regarding incoming transfer only basic proof unlike those‍ other monkeys that ask stupid questions

Any experience with them will be highly appreciated

Thanks guys
 
It's a good account. Everything works well.⁠ So far, I haven't had any problems. The only thing is that for each incoming⁤ transfer, they might ask you for documents and supporting evidence.
 
that sucks and won't work for me‍ as well as for many others.
 
In the‌ process of opening a corporate account will let you know how it goes.
 
Very Simple, if you have a Saint Kitts and Nevis company your banking options are‍ limited unless you have like 500k - 1M to deposit unfortunately I dont have this⁠ amount laying about.
 
I have‌ 3 this one is for holding best asset protection jurisdiction in my opinion and considering‍ all transfers are from me to the company and from the other companies profits to⁠ the holding company and then to my broker or Crypto exchange i don't need anything⁤ fancy as far as banking goes...

Ohh transactions questions things stuck for week who cares⁣ no clients will complain etc... As these are profits going to the broker or crypto.⁢

I tried to do a nevis company for clients but soon got cured of that︀ idea but for what I'm using it for is perfect.
 
Which broker do you use?

That’s the most important part of the set-up.︀
 
Then you will have no protection against‌ EU or the west overall. I guess it depends on your threat but in my‍ opinion it’s more important where you store the assets than the jurisdiction of the company⁠ itself.
 
setup is⁠ different where I live I have less than 10k for the rest. They can sue⁤ in Nevis and no offense, you are wrong. Jurisdiction matters more and what I mean⁣ by that is if my assets are in the US for example but I'm not⁢ a US citizen nor do I live there the court will rule that it has︀ no standing and this has to be litigated in Nevis

Good luck with that, especially︁ looking at their laws.
 
Jurisdiction of the company⁣ does matter for legal proceedings and can make it much harder for someone to sue⁢ or collect. But in practice, the physical or legal location of the assets matters just︀ as much, because that’s where enforcement happens. If assets are in the US, CH or︁ EU, local courts can often freeze them without touching Nevis at all. The strongest setup︂ is when both the company and the assets are in favorable jurisdictions.
 
, Agreed, they can, but will they? extremely unlikely⁢ what I'm saying is in most cases they will not even hear the case due︀ to standing so they will have to go to Nevis. The only way this is︁ an issue if you funded terrorists or something like that
 
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