Bank Of Nevis

GENERAL INFORMATION

The Bank of Nevis Ltd was the  brainchild  of Dr. Simeon Daniel, former premier of Nevis. The Bank was incorporated on August 29th, 1985 under the laws of the Federation of St. Christopher and Nevis; however, the Bank opened its doors for business to the public on December 9th, 1985. This was just two years after Nevis had been granted new powers under the new independence constitution of the Federation of St. Christopher and Nevis.
The Bank formed its first wholly owned subsidiary, Bank of Nevis International Limited (BONI) on April 29th, 1998 to capitalize on new opportunities offered by the growing offshore sector on the island of Nevis, and to handle its international business. To this date, Bank of Nevis International Ltd remains the only offshore bank in the Federation, offering an outstanding opportunity for clients to benefit from the advantages of a jurisdiction which promotes privacy, stability and integrity.
Today The Bank of Nevis Ltd commands a respectable share of the banking business in the Federation, and is the Bank of choice on the island of Nevis. The Bank of Nevis Ltd was the first bank to list its shares on the Eastern Caribbean Securities Exchange (ECSE) in October 2001. It is also a licenced Broker Dealer/Intermediary of the ECSE thereby allowing the Institution to facilitate the buying and selling of shares listed on the ECSE. Capital has grown to over $50 million, and total assets to approximately $450 million.
The Bank is not only concerned about the economic development of the island. It continues to make substantial contributions through sponsorships and donations in other areas including education, sport, culture and health. The Bank’s motto ‘ImprovingtheQualityofLife’captures the ongoing contribution that the Bank makes to the overall development of the Federation, and its pride in doing so.

ACCOUNT TYPES

• PERSONAL;
• CORPORATE.

CARDS

• VISA DEBIT CARD;
• VISA GOLD CARD;
• VISA CLASSIC CARD;
• VISA BUSINESS CARD

INTERNET BANKING Bank offers special B-ONLINE Internet Banking program.

ACCOUNT OPENING

Remote opening after receiving all the necessary notarized copies of documents translated into English.

PERSONAL ACCOUNTS

• Savings Account
• Operating Account
• Savings Account for children
• THE BON GOLD CLUB - for those people, who are older than 50 years, with the most competitive interest rates on savings and deposits.

DEPOSIT REQUIREMENTS

There is no fixed minimum deposit for account opening.

MINIMUM BALANCE

Minimum account balance is 1000 USD.

PROCEDURE OF PERSONAL ACCOUNT OPENING

• Filling out the bank forms and sending the signed forms to the bank.
• Provision of all the necessary documents (listed below) to NTL.

DOCUMENTS REQUIRED FOR PERSONAL ACCOUNT OPENING

It is necessary to provide:

• Filled, printed and signed forms to open a bank account;
• Notarized copy of valid travel-passport for photo identification (pages with photo and signature);
• Two reference letters: bank reference letter and professional reference letter (from a lawyer, accountant or certified professional). Recommendations must be submitted on official letterhead with address, name and phone number \ fax institutions;
• Proof of the address (utility bill) if the address is not specified in passport.

Note: all the documents should be translated into English and notarized.

TERMS OF ACCOUNT OPENING

Since the moment when all the necessary copies of documents are provided, the account should be opened within 1-2 weeks.

CORPORATE ACCOUNTS

• Deposit Accounts;
• Trading Accounts;
• Savings and Current Accounts.

DEPOSIT REQUIREMENTS

Minimum deposit for account opening is 1,500 USD.

MINIMUM BALANCE

There is no minimum account balance.

PROCEDURE OF CORPORATE ACCOUNT OPENING

• Filling out the bank forms and sending the signed forms to the bank.

• Provision of all the necessary documents (listed below) to NTL.

DOCUMENTS REQUIRED FOR CORPORATE ACCOUNT OPENING

• The Certificate of Registration (License) or other document confirming state registration of enterprises certified by Apostille (Apostille must be issued in the country of incorporation);
• The Articles of Incorporation (with Apostille);
• Protocol for the appointment of directors (with Apostille);
• Power of Attorney with Apostille, confirming the authority of a person to open accounts and manage them on behalf of the company, in cases when account manager acts by proxy;
• Certificate of Good Standing or other document confirming the viability of the company, certified by Apostille, if at the time of opening an account, this company registered in more than one year;
• Notarized copy of travel-passport of Authorized signatory or Attorney (if any exists, of all Directors / Managing Directors / Owners of the Company;
• Proof of address (utility bill), a notarized copy of a utility bill or an original utility bill or bank account statement for proof of residential address of Authorised signatory or Attoreney (if any exists), of all Directors / Managing Directors / Owners of the Company;
• If the company has present nominal service, Trust Deed must be provided. In the case of the  provision of Declaration of trust, which is signed  by the  nominee shareholder Nominee Services Agreement is required. Registers of directors and shareholders must be certified by the registered agent;
• Two reference letters for Authorised signatory or Attoreney (if any exists), of all Directors / Managing Directors / Owners of the Company: one bank reference letter and professional reference letter (from a lawyer, accountant or certified professional). Recommendations must be submitted on official letterhead with address, name and phone number \ fax institutions;
• Filled, printed and signed bank forms for opening an account.

Note: all the documents should be translated into English and notarized.

TERMS OF ACCOUNT OPENING

Since the moment when all the necessary copies of documents are provided, the account should be opened within 1-2 weeks.