You can remotely open a private bank account in Belize, one of the best financial centers in Central America. Doing so allows you to take advantage of classic and innovative services, as well as asset protection. We can help you get set up with one bank that we recommend! This article explores why you should consider this option.
If you want to quickly set up a fully operational personal account with an offshore bank in Belize, please send an application to the experts on our portal. We will help you select the most suitable option in the world’s best financial institutions that you will use to store, protect, and diversify your assets.
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Background on Belize
Belize is a natural bridge between two continents, where you can find a huge number of lakes and lagoons. It offers many draws, not only to tourists from its natural beauty and history, but also to modern businesses. Belize has had a long and rich, and often tragically violent history, including piracy, colonisation, and turbulence. However, it is one of the most stable countries in the region by many measurements. Belize has evolved into an advanced and developed offshore business center that offers high-quality banking services. In addition, life in Belize is rather relaxed, and the political environment is stable. The local currency is pegged 2:1 to the US dollar, which makes the exchange rates very clear. Since Belize is located in the Central Standard Time zone, it makes it easier for US customers to contact bank managers.
Opening a Personal Account with an Offshore Bank in Belize: Benefits
Here are the main reasons why you should cooperate with the reliable offshore bank in Belize that we can definitely recommend (hereinafter the bank):
- Reliability: The bank has high liquidity ratios
- High service quality standards for non-residents
- Innovations in the financial market
- Partnerships with banks and financial partners: The Belize bank maintains numerous correspondent relationships with international banks, enabling it to provide asset management services in various currencies. The bank can also offer its customers a VISA debit card (provided by a US partner) for international use.
- Confidentiality: Your bank data belongs to you only, based on the Bank Secrecy Act
- Protection: Belize’s legislation protects beneficiaries and advocates for them
- Yield: The Belize bank offers competitive interest rates
- Professionalism: In 2019, this international bank was recognized as the best private offshore bank in Latin America, highlighting the exceptional results achieved by the financial institution.
Find out more about other financial services in offshore zones available to private clients and corporations on our portal or contact our experts right away to get assistance in opening a personal account abroad online.
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Services of an Offshore Bank in Belize for Non-Resident Private Clients
The offshore bank in Belize that we recommend offers its clients many attractive investment products, namely:
- A fixed-term deposit for 1 to 5 years.
- A demand deposit account with interest accrued.
- A Visa debit card for international use.
The bank will allow you to choose any of these five currencies for your account: USD, CAD, EUR, GBP, or CHF.
Visa Prepaid Card
The Belize offshore bank offers its customers the opportunity to purchase a Visa prepaid card, which allows them to make payments in different countries, as well as withdraw and charge currency to or from their account.
Features of the offshore bank card:
- Up to USD 250,000.00 can be credited to the card.
- The card can be used anywhere across the world, wherever you see the Visa logo (except for Russia).
- Cash withdrawals are available at ATMs worldwide.
- A statement of account can be received by email.
| Type of service | Amount |
| Card top-up fee | 3% of the amount |
| Annual fee | USD 65.00 |
| Card account service fee | USD 19.50 |
| Balance request at ATMs | USD 2.50 |
| Cash withdrawal from ATMs; | USD 6.00 + 1% |
| Changing the PIN code | USD 2.00 |
| Payments in stores | USD 3.00 |
| Fee for inactivity for more than 24 months days | USD 10.00 |
| Cross-border fee | 3% |
| Currency exchange | 3% |
These fees may be changed at the bank’s discretion.
In 2020, ViaCarte, an international platform recognized as a leader in fintech, started cooperating with the bank. As a result, customers can now order new payment cards that provide the following advantages:
- Access to a hotel search and booking system with special discounts.
- Option to search and rent cars with special discounts.
- Travel insurance and other types of insurance are available under special conditions.
- A loyalty and reward program that offers goods and services for travel, lifestyle, discounts on the world’s best brands, and much more in return for the bonus points accumulated by the customer.
- Finally, additional protection for assets on the account, with the possibility of connecting and disabling various online functions.
If you need to open a corporate account with an offshore bank in Belize, you may be interested in reading a detailed article on the procedure.
Lifestyle (Savings) Account
A Lifestyle account allows you to earn interest on a deposit over a certain period chosen by you, which is not for withdrawal or use. Here are some key features:
- The deposit can only be opened in US dollars.
- The minimum amount required to open a deposit is USD 2,500.00.
- The deposit can be opened for a period from 1 to 5 years.
- The rate depends on the deposit amount:
- less than USD 25,000 – 0.10%;
- from USD 25,000 to USD 99,000 – 0.25%;
- more than USD 100,000 — 0.50%.
- The entry fee is USD 100.
- The FATCA fee is USD 250.
- The monthly maintenance fee is USD 19.5.
Demand Deposit Account
This deposit account allows you to withdraw funds from a bank account in Belize an unlimited number of times. Here are its characteristics:
- The deposit can only be opened in US dollars.
- The minimum amount required to open a deposit is USD 2,500.00.
- The interest paid on the deposited amount up to USD 9,999 is 0.00%.
- The interest paid on the deposited amount exceeding USD 10,000 is 0.10%.
- The interest is paid monthly on the customer’s demand deposit account.
- You have 24/7 access to your account information.
- A monthly statement of account is also provided.
Fixed-Term Deposit Account
In addition to other conventional products, the bank offers you the opportunity to make a fixed-rate deposit that will yield interest on your money. They can make your account interest rate fixed for a certain period that seems appropriate to you. In the end, you will get a fixed amount of income, which is convenient as you know the value of your investment.
| Term of deposit | Rate % |
| For 1 year | 1.75% |
| For 2 years | 2.00% |
| For 3 years | 2.25% |
| For 4 years | 2.50% |
| For 5 years | 3.00% |
Refunding the amount before the deadline will incur a commission fee of 1%. Opening a bank account with a fixed-term deposit requires a minimum opening balance of USD 25,000.
Other Belize Offshore Bank Rates for Private Clients
Service and transaction fees in the Belize bank
| Transactions | Amount (USD) |
| Bank transfers | |
| Outgoing payments | 100.00 |
| Incoming transfers | 50 |
| Internal transactions between accounts | 10 |
| If the bank cannot submit an application to the recipients of incoming/outgoing transactions | 10.0 + foreign bank commission |
| Transfer tracking fee | 35.00 + foreign bank commission |
| Cash transactions | |
| Cash deposits (notice required 2 business days in advance) | 3% of the deposit amount |
| Cash withdrawal (notice required 2 business days in advance) | 3% of the amount |
| Processing of payments (checks) | |
| Check deposit verification | USD 15.00 clearing fee for verification plus bank charges (USD 33.00 + 1% of the check value) |
| Payment to a local recipient | 10.0 + delivery |
| Bank/Cashier’s Checks | 25.0 + delivery |
| Check return | 25.0 + foreign bank commission |
| Payment cancellation | 25.0 + foreign bank commission |
| Verification of funds sent for cashing | 50.0 + foreign bank commission |
| General Banking/Services/Rates | |
| Withdrawal of funds from the initial deposit before expiration of 30 days | 1.8% of the amount (minimum USD 25) |
| Account inactive within 24 months (annually) | USD 10 |
| Account inactive within 20 months (annually) | USD 20 |
| Closing the account within 6 months after opening | USD 25.00 + cost of transfer |
| Administrative fees | |
| International delivery of documents by courier | At least USD 50 |
| Courier delivery (local) | At least USD 10 |
| Immediate statement or statement copy | USD 5 |
| Copies and bank certification of original documents | USD 50 |
| Reference letter | USD 25 per document |
| Statement of balance or interest paid | USD 25 per document |
How to Open a Personal Account in the Offshore Bank in Belize
So, if you want to open a bank account with our recommended bank, we are here to help you at every step, with personalized guidance, honesty, and expertise. Here are the steps of the process:
- Tell our experts that you want to open an offshore account. You can chat with the online operator or use the contacts listed above on the portal page.
- Sign a consultancy agreement.
- Pay for assistance in opening a personal account using PayPal, Western Union, WebMoney, Bitcoin, or a bank transaction. The cost of our service is €2,999.
- Prepare the documents and transfer them to our specialists to complete the procedure for opening a personal offshore account on your behalf:
- Completed, printed, and signed copies of the application to the bank to open an account;
- A notarized color copy of your passport (pages with a photo and signature);
- A notarized proof of residence address outside Belize or Central America (utility bill or bank statement);
- A bank and professional recommendation for each account signatory.
- Wait for the reply of our experts and get access to your personal bank account in no time.
If you want to open a personal account with an offshore bank in Belize right now, please get in touch with us using the contacts on the portal and take advantage of our turnkey service package.
Book a Consultation
Want to talk to us? You can have a complimentary, fifteen-minute consultation, ideal if you want to get started or learn about our service, or a one-hour consultation for 300 Euros, currently, normally 500, with an expert, if you want to dive deeper.
