Belize Bank
The Belize Bank, a long banking history
The Belize Bank Limited carries a tradition of excellence in service as the first and oldest continuous banking operation in Belize. History - The Bank of British Honduras was incorporated in December 1902 and opened for business in 1903. In 1912, its operations were purchased by the Royal Bank of Canada beginning the second era of operations which lasted until 1987. In April of 1987, the Royal Bank operations were purchased by the Belize Bank, a group of local investors, commencing the third era of Belize's longest uninterrupted banking operation totaling over 100 years of service to Belize. The Belize Bank values its tradition of service, built on sound banking experience and the highest ethical standards. With over 710 million dollars in assets, 122 million dollars of capital reserves and a track record of consistent growth, the Belize Bank is a pillar of strength, stability and integrity in the Belizean economy. With almost 50% market share in a banking industry comprised of 5 banks, and the only branch network covering the entire country, the Belize Bank continues to be the leader in an increasingly sophisticated and competitive banking environment. International Banking is the mechanism by which you can maintain bank accounts outside of your country of residence. The Belize Bank is the largest commercial banking operation in Belize and offers a full range of services to international customers. The Advantages Afforded by International Banking include:
- Accounts maintained in USD, EUR, GBP, CAD
- International Credit Cards
- International (wire) transfers
- Multi-currency banker's drafts
- Online Trading
- Purchase of stocks and shares on behalf of clients through a broker
- Online banking services
- Merchant acquiring
- Multi-currency payment processing
- International letters of credit, both standby & documentary
The minimum balance required to open an account is US$1,000 or its equivalent. Belize Bank offers certificates of deposits for amounts of US$25,000 and more for fixed periods from one to twelve months. For added options and flexibility, the Belize Bank also has an international banking subsidiary duly licensed in Turks & Caicos. Belize Bank also boasts its solid correspondent banking relationships with such top tier banks as Bank of America and LloydsTSB.
