Scotiabank Online Bahamas - Please Read need help

[jorge]

So I came across the Scotiabank Online in the Bahamas and was considering to open an account with them because they are one of the largest banks in the Bahamas.

Scotiabank has been awarded three times the last years to be the best consumer bank in the Bahamas this must grant for high-quality customer service and great support if any issues.

Now before I'm going to apply for an account with them, then I would like to know a little more about their Internet banking and Debit Card if they have such.

Does someone already bank with them, if so how was the approval process can you explain a little about the requirements, what documents you had to provide and how long it took to get approved for an account there?

2nd question, do they have any limitations on what business they accept i.e. adult etc. or if they only accept mainstream business?

I'm interested in the business-basic account I only need to receive funds from my customers and into this bank account. I want to keep my money there if possible.

I can't find anywhere what countries they accept and if they accept foreign customers. I assume they do since I have read here and there that people are banking with them online from overseas.

I also read that they comply to FATCA, so this must mean they are accepting foreign customers and open foreign accounts.
Check out this link Foreign Account Tax Compliance Act | Scotiabank

However, I could be wrong and for that reason, I really would need your input about this bank.

Thanks for any help and input.

 

[negon]

It's one of the greatest bank around I have already done my research and send them a ticket. I'm also not sure if they really accept foreigners or if you have to use a introducer or what it takes to get approved and an offshore account with them.

 

[jorge]

Thank you for your input. Please send me PM or post here as you get an reply.

 

[happyjohn]

Scotiabank requires you to be introduced by a lawyer or accountant. You will need to find one in the Bahamas that can help you to setup an account there, you may try this Fellow Graham Thompson, About Us, General Information | Graham Thompson or these Guys Baycourt Chambers

 

[Aaalister]

I read about Scotiabank on other forum and they say they are a good bank for personal banking but require personal visit if you apply with company, do you think this is true? I have send e-mail to the bank asking for what requirements but waiting now for answer.

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[happyjohn]

As from my research so far it's not required to arrange a personal meeting to open an account there.

 

[walterz]

I don't think it's net a personal meeting to create your account. But for more information you can directly contact them by phone or email

 

[kolagin]

How does this bank handle offshore companies from outside of Bahamas? I want to apply for an business offshore bank account with ScotiaBank in the Bahamas but I'm afraid they will refuse to open an account for companies not incorporated in the Bahamas someone knows?

 

[starfang]

They are one of the major banks in Bahamas.. I would consider them if needed.

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[fxmaster]

From their website it looks exactly like the offshore bank I was looking for? Someone has good reviews about them?

 

[deadpool]

As some of the reviews go, the account is convenient, flexible and solid.

 

[moneytreasury]

Scotia bank is a reliable bank that can be used for large and medium sized business that don't depend on funding!

 

[strokearm]

I contacted scotia bank by ticket today to ask what they can help me with and if they accept foreigners and offshore company.

 

[JohnLocke]

Great choice to contact them, they seems actually to be a well known bank for offshore companies.

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[lostman]

Does someone new here or old member has an account there? if so, how was the process to open the bank account with Scotiabank?

 

[burden]

I have come to this bank by a few offshore company setups agency services the last weeks. Googled them and finally found this thread, very old thread.

Can someone tell me if this is a bank that allow BVI and UK companies owned by foreigners?

 

[Spinat]

strokearm said:
I contacted scotia bank by ticket today to ask what they can help me with and if they accept foreigners and offshore company.
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did you had any luck to get an account with Scortia bank for a foreign company?

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[bountymounty]

Scotiabank is also named a few times on the forum, I also read about them again here
https://www.offshorecorptalk.com/threads/offshore-bank-account-across-the-world.36276/
I read them as a street bank?