Caye International Bank Review

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Caye International Bank Review

If you are looking for an offshore banking option, then we would recommend Caye International Bank.

In this short review, we look at both the pros and cons of banking with Caye International.

Overview of Caye International Bank

Caye International Bank Review

Pros

Banking Convenience

There are several great things about Caye International.

All legal and banking documents are in English.

Second, Belize follows CST (Central Standard Time), which means that it is the same time in Belize as it is in Chicago, so you will not face any timing zone issues.

And third, Caye International allows for documents and funds to be transferred electronically over a secure channel.

This means that you will not have to worry about how you can open an international account.

Financial Stability of Bank

In today’s volatile world, even the biggest banks can go bankrupt and shut down.

This is the reason why the government of Belize has ensured that all banks operating in their jurisdiction maintain high liquidity rates.

Caye International has a liquidity rate of more than 24%.

In comparison, most American banks have liquidity rates of 3% to 5%.

Privacy and Safety of Assets

Caye International is known for maintaining the highest standards of customer privacy.

It is also known to protect their clients’ assets – even against legal action.

Diversity of Services

Caye International offers its clients a wide range of banking services such as the Gold Loan Program, Financing options, Pre-Paid Visa Cards and Wire Transfers.

Range of Banking Accounts

This bank offers a wide range of banking accounts – Demand Deposits, Savings Accounts and Term Deposits.

Other Advantages

With Caye International, you also have flexible banking options.

You also just need to have a minimum balance of $1,000 in your account.

The online banking options offered are also world-class and you can choose the currency that works best for you.

Cons

Based on customer reviews, there is only one issue that we found about Caye International.

Opening an account can take some time.

The bank has a strong verification and documentation procedure, which means that sometimes opening an account could take up to a couple of weeks.

Conclusion

Caye International is an award-winning bank, having won Global Finance Magazine’s Best Private Bank Award for 3 consecutive years from 2018 to 2020, and Wealth & Finance International’s Most Outstanding Offshore Bank in Central America Award for 2018 and the Best Offshore Private Bank in Latin America for 2019.