caye bank international belize

[Martin Everson]

No worries we all started somewhere. Your‍ entering at the most unstable time however as the industry is going through rapid changes.⁠

Are you a US Person by any chance? If⁣ so the options are very limited unfortunately.

You can go through some of the older threads or simply just watch the goings on.︁ Basically don't rush into anything you will regret just watch and learn from the forum︂ what works and does not work for others.

P.S Start a new thread if you︃ need more help so this thread isn't hijacked thu&¤#.

 

[Jcuzz]

Thanks Martin. I am an American yes.

 

[Ljsocks]

I have used them⁢ since 2001 . I have had no problems until you did

 

[Grenadas]

Is Heritage bank still live? Or also suspended wire transfer services as well as Caye?‌

 

[nickyboy2018]

Hi all

has anybody made a successful outgoing wire transfer from Caye bank over these‌ last few months?

How about yourself Ravengary? any update?

 

[nickyboy2018]

Hi Ravengary

Such as?

can you be more specific?

Are you closing a personal account?‌ a business account?

Other than the standard application from, what other paperwork have you been‍ required to provide?

Many thanks for replying Ravengary.

 

[Grenadas]

Yes, it appears they just trying to win some time and eventually they will go‌ belly up like Choice bank.

 

[LegitBananas]

So what are you saying?‍ Nobody can send out money from their accounts there? Then why do they accept new⁠ applicants if they are facing such troubles

 

[blizz]

can some confirm if this is the case?

 

[Caye Representative]

[No content provided]

 

[Caye Representative]

Caye International Bank does acknowledge‍ the time during which it was without a correspondent bank for a short period earlier⁠ this year, but it has since onboarded two new correspondent banks, and has worked through⁤ its transaction backlog, and is now successfully processing transactions.
I am a Customer Service Officer⁣ at the bank and please feel to reach out to me with any concerns you⁢ have about wires to: operations@cayebank.bz.

 

[Tax Cow]

Caye's 20%+ (previously advertised) liquidity is outstanding but it's not enough if ~90% (rough estimate)‌ of clients are foreigners who joined for the now-gone privacy. Yes, they have liquidity crisis‍ like half the banks there. Get your funds out of Belize ASAP. Don't open new⁠ accounts unless you want to shoulder some of the bill.

Thier gov. is too naive⁤ to adopt CRS without graceful phase-in period of 10+ years. EU's black list is not⁣ as scary as it sounds for a remote country like Belize. It's certainly better to⁢ be on that list instead of destroying all customer trust in Belize as a financial︀ services jurisdiction. Now it will only ever be a place for vacation.

 

[theoffshoretech]

@cayerep I have been waiting over 5 weeks to open an account with you guys‌ and up until this point, I've faced nothing but headaches. I don't know if it's‍ the bank itself or the representative i'm working with, but it's been very frustrating.

Once, she told me she lost my email and that she was sorry after 1 week⁠ of waiting. Another time, I made a mistake on my application but she waited another⁤ week for me to ask her whats going on with my application. Another time, she⁣ waited yet ANOTHER week for me to ask her what the update was. She told⁢ me that she called my bank to verify my letter, but was unable to because︀ they asked her for my account #.... She waited a week for me to email︁ her first - and the worst part about it? My account number was literally written︂ clearly on the reference letter I had sent her, yet she was unable to see︃ it.

I've never faced this level of incompetence in my life. Now, she told me︄ over 2 weeks ago that my application was submitted for review, and I've still heard︅ nothing. This makes me feel very sad but I still have an ounce of hope︆ that my trouble has more to do with the representative "helping" me out rather than︇ the bank itself.

Can you please help me here??

 

[Caye Representative]

Good day @theoffshoretech,

I am so sorry it has taken so long to get‌ your account approved, however, there are certain criteria and requirements we must adhere to and‍ additionally sometimes we require additional information from a prospective client and gathering can be cumbersome.⁠ Our apologies for the mishaps you have experienced, we will endeavour to do better. Can⁤ you kindly email me at [email protected] I would like to ask you some questions and⁣ I will be able to provide a better response to your concerns.

 

[theoffshoretech]

I have sent you the email just now.

I have already given all⁢ of the required documents (notarized, etc.) within my application to Caye. If you need additional︀ information, that is perfectly fine; just ask for it and I will happily provide! I︁ have been kept in the dark for weeks and the only responses I get are︂ when I come forward and ask "what's the update?". Each time, it's been a delay︃ unfortunately.

 

[Spinat]

Slow down body, you may realize they are very very busy⁢ at the moment and things can take time. So far I'm counting 15 days with︀ epayments for a simple personal account application total clean and transparent setup nai¤%

 

[theoffshoretech]

I understand⁠ that they may be busy and totally accept that! 15 days is a little bit⁤ different than 40 though, don't ya think?😉 I sent the OG application on august 29.⁣

I have no problem waiting if there is a legitimate delay. However, my delay was⁢ due to my rep losing my emails and not properly reading my documents, then waiting︀ for me to ask why I haven't heard back. If you read my email threads,︁ you'd be ripping your hair out too from frustration!

Believe me, I do not easily︂ lose my patience; but after 5 weeks I thought I'd ask on the forum..

 

[Spinat]

I would simply move on to the next bank if possible, there are a lot‌ of banks and EMI's around that handle application fast and efficient.

 

[Mark Rucken]

EMIs yes, banks ... not really? Hardly any bank will open off-shore business account⁠ in a week or so. It takes months ...

 

[Spinat]

All I read about Georgia banking points to simple account opening in a‌ few days if you do a personal visit. But I know this is not the‍ average time frame we are looking at with other countries.