The cost of opening an account: From 550 USD

General information

Name:VP Bank (BVI) Limited
Country:

British Virgin Islands

Official site:www.vpbank.vg
Faunded:1 995
History:The Bank was founded in April 1956 as Verwaltungs- und Privat-Bank Anstalt, after that it was reorganized into limited liability company in December 1962. It has 10 offices worldwide (Switzerland, Liechtenstein, Luxembourg, Germany, Hong Kong, Singapore, British Virgin Islands and representative office in Moscow). VP Bank (BVI) Limited was founded on September 29, 1995.
Employees:The Bank has more than 750 employees in eight offices worldwide. The Bank of the British Virgin Islands employs 7 people. They do not speak Russian. However, the banking group has representative office in Moscow, where the employees speak Russian
Shareholders:Verwaltungs- und Privat-Bank AG (Vaduz, Principality of Liechtenstein) - public company which shares are listed on the Swiss Stock Exchange (VPB SW Equity on Bloomberg) - 60%; Allgemeines Treuunternehmen (Vaduz) - old trust company of Liechtenstein
Security:High
Presentation:

Facts and Figures VP Bank BVI

Account

Terms of opening for admission (days):7
Opening terms for cancellation (days):10
Recommendations:Not required
Description of activity:Detailed
Account type:Settlement and Savings
Types of accounts:Personal; Corporate; Settlement; Savings
Departure to the bank:Visiting the bank is not required
Required documents:Passports. For legal entities: notarized company documents with Apostille (extract from the commercial register, the charter, register of directors with samples of signatures and other documents depending on the jurisdiction of the company)
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entering the country of the bank

Rating

Rating in the world:978
Country Rating:3
Rating on loans:A-

Terms

Balance, minimum:100 000 €
Limit of transfers (per month):No restrictions
An initial fee :100 000 €
Term of contribution (months):1
Transaction speed:Transfers are carried out on the same day. Cut-off time for the EUR / GBP / CHF - 10.00 (summer) and 10.00 -11.00 (winter). If the transfer was conducted after this time, it is carried on the following day (European time). Cut-off time for USD is 15.30.

Services and costs

Cost of translation:Fee for international transfer (phone, e-mail, fax) is 100 USD. Fee for international transfer through e-banking is 25 USD. Transfers within the banking group: e-banking - free; phone, e-mail, fax - 50 USD
Cost of enrollment:There is no fee for incoming payments
Cost of account maintenance:Account maintenance fee depends on the amount on the account: more than 100,000 USD - 20 USD per month; less than 100,000 USD - 80 USD per month. Fee for cashing in is 1% (minimum of 100 USD)
Credit card restrictions:No restrictions
Insurance for credit cards:No information
Access to the account:Telephone, e-mail, fax. In addition, the bank provides free account management system through the Internet: account management is carried out online through the program, which is provided to the client by means of the installation CD or is available on the official website of the Bank. To ensure the security of payments, three-level access protection is applied, including such device as Digipass
Bank services:The Bank offers full range of banking services, including services for securities transactions and transactions in foreign exchange markets; fiduciary deposits; discretionary asset management, investment consulting, structuring investment products with a capital guarantee for individual orders; depository bank services
Bank cards:VISA, MasterCard
Cost of extracts storing:Monthly provision of account statements (in writing) - 25 USD per statement per month. Providing bank letters of recommendation - 50 USD
Download Tariffs:

Schedule of Charges VP Bank BVI

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Select Bank's name sort descending Price of account opening Terms of account opening (days) Established World Ranking
VP Bank (BVI) Limited 550 USD 7 1995 978