Anyone experience with cbibank ?

[Billneon]

Is there anyone with any experience with CBibank ? CBiBank - International Trade Settlement and Wealth Management Services

puerto rico offshore bank but seems like the business is run by Chinease

Thanks

 

[Sols]

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. That tells you who their target audience is.

No pricing anywhere.

But I have no experience with them. Maybe they're the best bank in the world. I just see enough red flags to stay away.

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This is the probably the answer to your question.

 

[lingshan]

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.

 

[nansunn]

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

 

[nansunn]

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

 

[darn18]

nansunn said:
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
Click to expand...

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.

 

[lory]

darn18 said:
The only thing is that for each incoming transfer, they might ask you for documents and supporting evidence.
Click to expand...

that sucks and won't work for me as well as for many others.

 

[Clank]

It's expensive for being a Puerto Rico bank.