Choice Bank of Belize faces liquidity problems
- Thread starter Caporaso and Partners
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Let s stay positive !
At least they gave us some updates . I have hopes because if they don t give money back nobody ever will invest or deposit money in Belize .
At least they gave us some updates . I have hopes because if they don t give money back nobody ever will invest or deposit money in Belize .
lol.....nobody does bank in Belize apart from very desperate people with no other options. 😱 i.e.....
"hummm should I bank with HSBC Bank in London or should I choose Choice Bank? I think I will go with Choice bank in this lovely third world banana republic called Belize".............................I can't see that choice happening really. People will continue to bank in Belize if they have no other choice. The bank should have been named more appropriately "I Have No Choice Bank︀ Ltd".
"hummm should I bank with HSBC Bank in London or should I choose Choice Bank? I think I will go with Choice bank in this lovely third world banana republic called Belize".............................I can't see that choice happening really. People will continue to bank in Belize if they have no other choice. The bank should have been named more appropriately "I Have No Choice Bank︀ Ltd".
I agree 100% with you.
Yes there are many many places: Grand Cayman, Bahamas and for example Uruguay in South America is safe 100%, many many people put their money there from different countries....
Seichelles Islands too.
If Belize has a bad reputation because there are 4 international Banks, now there are 3, the people will put their money in other places, this case is importan, every case, if it happened once it can happens again. And yes, there are other︀ countries.
Yes there are many many places: Grand Cayman, Bahamas and for example Uruguay in South America is safe 100%, many many people put their money there from different countries....
Seichelles Islands too.
If Belize has a bad reputation because there are 4 international Banks, now there are 3, the people will put their money in other places, this case is importan, every case, if it happened once it can happens again. And yes, there are other︀ countries.
New articles in Belize
http://edition.channel5belize.com/archives/168985
http://amandala.com.bz/news/panamanian-attorney-cb-governor-joy-grant-fired/
http://lovefm.com/central-bank-belize-says-operated-within-laws-dealing-choice-bank-crisis/
http://www.reporter.bz/2018/07/20/central-bank-gov-stands-up-to-panamanian-lawyer-bullying/
http://edition.channel5belize.com/archives/168985
http://amandala.com.bz/news/panamanian-attorney-cb-governor-joy-grant-fired/
http://lovefm.com/central-bank-belize-says-operated-within-laws-dealing-choice-bank-crisis/
http://www.reporter.bz/2018/07/20/central-bank-gov-stands-up-to-panamanian-lawyer-bullying/
That's old news. Nothing has changed. Still no response from the liquidator. It's good that this attorney is trying to get their and ppl 's attention but that seems not doing much. No one there cares...and he is in Panama. We need attorney in Belize operating and applying with Belize laws and before we go further we officially need to hear from the Central Bank and the Liquidator how much they are planning on paying us back and when. If no response and further actions is taken in next week or two I'd say let's go and hire attorney in Belize together . If that︀ still don't help or do much we will just have to get over for losing︁ most of our money in there and before and after all this is over we︂ all need to make sure to inform as many people as possible so please post︃ about this everywhere you can , reach out to institutions and lawyers , go public︄ ...all this will help prevent other crisis like this . People must be aware and︅ question every Belize Banking move before trusting them again . And if u think ur︆ getting 100% of ur money ur fool . Mark my words.
100% Agree.
Many times is too much better and effective to do it public,︈ newspapers, socialmedia, tv channels, oficial chanels witch a big audience than the laws way. We︉ should research the best comunications channels, radios, newspapers sites, journals, all those sites with good︊ number of followers and big audience, oficial channels in Belize, offshore sites, and beging to︋ post there, so all the world would know about Belize isn't safe for deposit our︌ money.
We can also contact the IMF, and claim about Belize's Central Bank and our︍ money.
Many times is too much better and effective to do it public,︈ newspapers, socialmedia, tv channels, oficial chanels witch a big audience than the laws way. We︉ should research the best comunications channels, radios, newspapers sites, journals, all those sites with good︊ number of followers and big audience, oficial channels in Belize, offshore sites, and beging to︋ post there, so all the world would know about Belize isn't safe for deposit our︌ money.
We can also contact the IMF, and claim about Belize's Central Bank and our︍ money.
I submitted my claim on the IMF's site, I give you the link for contact them too if you want:
Country Contact Us
Country Contact Us
Mr. Cedric Flowers answered my email, he says:
Thank you for contacting us. Please be assured that the Liquidation team is addressing all matters pertaining to Choice Bank Limited. You are advised that all steps taken during the Liquidation process must be governed by both the International Banking Act and the Domestic Banking Act of the Laws of Belize. Accordingly, you are asked to kindly note the following:
1. The Liquidator will publish, by 28 August 2018, a Notice to Claim to all depositors, creditors and customers, at which time you will have an opportunity to make your claim for any and all amounts︀ owing to you by Choice Bank Limited.
2. Note that there will be a deadline︁ by which claim forms are to be returned to the Liquidator. You may therefore wish︂ to gather details of your claim (along with any documentation which will support your claim)︃ in preparation for submission to the Liquidator.
You are encouraged to regularly check Choice Bank︄ Limited’s website (www.choicebankltd.com) for updates.
If you have any further questions, call us︅ at +501-223-6850/6851.
Respectfully,
Cedric Flowers
Liquidator
Choice Bank Limited
Thank you for contacting us. Please be assured that the Liquidation team is addressing all matters pertaining to Choice Bank Limited. You are advised that all steps taken during the Liquidation process must be governed by both the International Banking Act and the Domestic Banking Act of the Laws of Belize. Accordingly, you are asked to kindly note the following:
1. The Liquidator will publish, by 28 August 2018, a Notice to Claim to all depositors, creditors and customers, at which time you will have an opportunity to make your claim for any and all amounts︀ owing to you by Choice Bank Limited.
2. Note that there will be a deadline︁ by which claim forms are to be returned to the Liquidator. You may therefore wish︂ to gather details of your claim (along with any documentation which will support your claim)︃ in preparation for submission to the Liquidator.
You are encouraged to regularly check Choice Bank︄ Limited’s website (www.choicebankltd.com) for updates.
If you have any further questions, call us︅ at +501-223-6850/6851.
Respectfully,
Cedric Flowers
Liquidator
Choice Bank Limited
Now the question is what documentation do you need to prove that the bank owes you︆ money? I'm asking because in my case i only have the firstchoicepay account that shows︇ the amount of money that i have in my account.Is anybody else in the same︈ situation?Also i have the emails from choice bank's where they were asking me for my︉ personal information in order for them to wire my funds, and the email from Ad︊ Kees.
Please ask the liquidator what kind of documents exacly he needs from you to claim your money. Ask him to provide to you a form you can fill out or any other additional information on the process to claim ur money with the bank.
My funds are also held in my FirstChoicePay account , I have costumer Id number, I can download my statements, give them copy of all emails I have with the bank , screenshot of my log in into the account and that's it. I can't think of anything else as for now. Maybe I need to look at my agreements with them when I fist opened an account with them and gosh that was like almost︀ 8-9 years ago....
My funds are also held in my FirstChoicePay account , I have costumer Id number, I can download my statements, give them copy of all emails I have with the bank , screenshot of my log in into the account and that's it. I can't think of anything else as for now. Maybe I need to look at my agreements with them when I fist opened an account with them and gosh that was like almost︀ 8-9 years ago....
I think the accounts were made by the sites, you just applied for a card from firstchoice (back then it was payoneer) so you can access the money that the site would sent to your account. So there isn't any contract that you signed with them, but they should have your personal information and a screenshot of your firstchoicepay account along with maybe a copy of your id should be enough.I'm just hoping i'm right.Hopefully there won't be any problems with getting our money back.
I asked myself the same, but if you go to the firstchoice site it says:
Firstchoice Pay
Firstchoice Pay has ceased its business︀ activities and will no longer be able to receive or process any further payments.
Therefore, your card is no longer active and cannot be used.
Our website will remain live︁ until October 1, 2018, and customers will still be able to log in and view︂ their account.
For your convenience, we urge you to download any financial statements you might︃ need for your personal records before October 1, 2018.
For more information, please visit our︄ updated FAQs.
https://www.firstchoicepay.com/
So I tried to get something but the only thing is to︅ print screen our account, I didn't find other thing. And the emails and forms we︆ had sent to Ad Kees and Ryan Thompson for the wire transfer
Firstchoice Pay
Firstchoice Pay has ceased its business︀ activities and will no longer be able to receive or process any further payments.
Therefore, your card is no longer active and cannot be used.
Our website will remain live︁ until October 1, 2018, and customers will still be able to log in and view︂ their account.
For your convenience, we urge you to download any financial statements you might︃ need for your personal records before October 1, 2018.
For more information, please visit our︄ updated FAQs.
https://www.firstchoicepay.com/
So I tried to get something but the only thing is to︅ print screen our account, I didn't find other thing. And the emails and forms we︆ had sent to Ad Kees and Ryan Thompson for the wire transfer
Yes I want to ask him and︂ I sent so many emails, but if he says that on august 28th he will︃ publish the claim forms they will repeat that, on aug 28th we will have all︄ the forms and infrmation.
I think the Central Bank has to publish and update soon.︅
Maybe the claim to the IMF I did activated his answer, everybody should make the︆ claim there because the IMF controls all the central banks of the world and make︇ the internacional banking laws The more people claiming everywhere, the more noise we do the︈ better.
I also post comments on the channel 5 of Belize, everybody can do it.︉ I only see my comment so it's a news noboddy cares it seems.
I think the Central Bank has to publish and update soon.︅
Maybe the claim to the IMF I did activated his answer, everybody should make the︆ claim there because the IMF controls all the central banks of the world and make︇ the internacional banking laws The more people claiming everywhere, the more noise we do the︈ better.
I also post comments on the channel 5 of Belize, everybody can do it.︉ I only see my comment so it's a news noboddy cares it seems.
I did the same thing,︃ print screened the account
firstchoicepay has all our information cause that's where the accounts were made and choice bank should︋ also have them, otherwise they wouldn't have been able to contact us.The only way we︌ won't be able to get our money back is if the liquidator refuses to give︍ it to us.
firstchoicepay has all our information cause that's where the accounts were made and choice bank should︋ also have them, otherwise they wouldn't have been able to contact us.The only way we︌ won't be able to get our money back is if the liquidator refuses to give︍ it to us.
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