Metoox: "Did you read the fees and restrictions they have?" What specifically didn't u like? Fees look quite reasonable for basic banking. Quite functional as a passthru account. Not suitable for any brokerage. As they don't publish any financials can't assess solvency. But they look like they are well organized.
If you are looking for an offshore firm PM me and I will get you the number to the firm we hooked up with; their rates are better than most; i.e. IB.
Fees and charges debited in connection with the bankcards (UNIVERSAL and BUSINESS ) The easy ones: Annual interest 0.25% 0.25% Calculated on the daily closing balance. Such interest is credited to the Current Account monthly. Account opening fee US $20.00 * US $20.00 * Digipass fee --- US $60.00 ** * The account opening fee consists of: the cost of account opening, the cost of one plastic debit card, its issuance and personalisation for each account and the postage. ** The cost of the Digipass (a device that is necessary for the secure execution of transactions corresponding to a normal Current Account through the TeleBank System and Internet Bank) consists of: the cost of the Digipass personalisation and the postage. Account maintenance fee US $3.50/ month US $15.00/ month Guarantee sum blocking (freezing): US $30.00+ US $120.00+ 1% of the previous day closing balance 1% of the previous day closing balance This sum has to be transferred to the account together with the account opening fee. Credits to the account free of charge free of charge Transaction and other charges due at the time of Order issue applicable to Current Account with the Digipass device: Transfer to another account in the holder's name (e.g:. deposit placement): Free of charge Internal bank transfer to another client's account: 0.1%, min: US $5.00 max.: US $100.00 External bank transfer: 0.2%, min: US $25.00 max.: US $300.00 Loyal Bank requires from you to authenticate transactions by sending us a facsimile copy of the supporting documentation (e.g. invoice, contract, premium demand etc.) at (+361) 469 4066 in cases when the single transfer or transfers initiated to the same account on one banking day result in total amount equal to or exceeding the following levels: Outgoing trasfers: US$ 25 000 Incoming transfers: US$ 100 000 Cash withdrawal cost Fee charged by MasterCard (3.85 US$) + 1% Fee charged by MasterCard (3.85 US$) + 1% Fee charged by MasterCard (3.85 US$) + 1% Purchase using bank card 1.25 US$ 0.75 US$ free of charge One-time bank card cost * 15 US$ 15 US$ 15 US$ Bank card monthly fee 1 US$ 2 US$ 4 US$ Bank card stoppage fee 10 US$ 10 US$ 10 US$ Bank card replacement fee 10 US$ 10 US$ 10 US$ Bank card change fee 10 US$ 10 US$ 10 US$ Very expensive for an offshore bank ...
Tell me in summary what you are trying to do. I have lot of experience opening offshore bank accounts and setting up IBC. You do NOT have to go there physically. There are several banks that will let you open offshore bank accounts. Problem is what are you looking for? Is Morgan in BVI ok for you or will its US affiliation cause you problem? Can you deal with the due diligence from Barclays in BVI? Are you flexible in opening accounts in other jurisdiction? Do you need telephone or internet banking? You can pay people to do it or you can do it yourself. Rusty
Since we are down here and have interviewd every damn bank around I would be most interested in what offshore bank will let you set-up an account without a physical appearance. PM me if you don't want to post it. Michael