The Bank of Nevis Limited

General information

Name

The Bank of Nevis Limited

Country

St. Kitts and Nevis

Official web-site

thebankofnevis.com

Bank history

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. The Bank was created out of a desire to provide banking services to the local community with the hope that this would assist with the development of the island’s economy. For the foregoing reason, the Bank adopted the motto ‘Improving the Quality of Life’. Ideally located in the heart of the capital, Charlestown, The Bank of Nevis Ltd offers comprehensive services including a variety of deposit accounts with attractive rates of interest, credit and debit cards and loans. Other services include ATM services, online banking, brokerage services, merchant services and foreign exchange purchases and sales.

Founding date

1985

Account Opening Terms

Recommendations

Not required

Description of activity

Brief

Account type

Personal, corporate

Accounts types

Savings, settlement, investment.

Required documents

Corporate documents: notarized copy of the Certificate of Incumbency, notarized copy of the Certificate of Formation/ Incorporation, notarized copy of the Articles of Organization/ Articles & Memorandum of Association or Articles of Incorporation, notarized copy of the Operating Agreements/ ByLaws, notarized copy of the Certificate of Good Standing (where applicable), completed Business Template.

Transaction speed

Value date is on the second day

Minimum balance

10000

Limit of transfers (per month)

No restrictions

Initial founding fee

270

Account opening nuances

Reporting requirement is imposed on the banks of Nevis under the US Foreign Account Tax Compliance Act (FATCA)

Account opening, possibility

Calculated and perceived