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"Caribbean 2" bank,
(with office in Hungary)
20.10.2008: Message from the bank, reassuring customers
that the bank is NOT affected by the Financial crisis:
(according to our agreement with the bank, the real bank name can not be
disclosed, so we'll use generic name "Caribbean 2")
We are certain you will have heard
about the economic conditions affecting banks in certain countries and
especially the USA that has become known as the "credit crunch". Several
banks have had to be
rescued or taken over.
We would like to reassure you that
your "Caribbean 2" Bank account is perfectly safe and your transactions
perfectly secure for the following reasons:
- We are primarily not a lender
and have never lent to any "sub prime" borrowers
- "Caribbean 2" Bank has never
traded in complex derivatives, securitized loans, traded mortgage debt
or any form of "toxic debt" and we have never had any of these assets on
our books
- We have never had any dealings
with Lehman Brothers, AIG or Fannie Mae or Freddie Mac nor with the
European and British banks who have also encountered difficulties
- Our surplus funds are only
invested with strong, world-class banks with broad based businesses. We
have never placed funds with any investment bank .
"Caribbean 2" Bank has always had a conservative and risk adverse policy
and we have always treated the safety and security of our client's
accounts as our primary objective. For this reason we have not been
directly or indirectly affected by the present market turmoil in the USA
and we will continue to pursue the same policies to ensure that your
funds are not at risk.
Summary of features:
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Full Internet Banking, (you can send
international wire transfers, and check balance)
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Normal due diligence and ID requirements,
but no apostille
is required.
-
Debit cards available
-
Low monthly fees,
-
Low bank fees
-
Corporate Debit Cards Payment System
for Affiliates, Partners.
Check here the
Corporate Debit Cards Payment
System for Affiliates, Partners
.
Click to order your account
Bank
offers you the opportunity to open either personal or corporate accounts.
Both types of accounts can be held in USD or EUR, GBP, CHF, JPY.
The main currency of the Bank is US dollars.
If you
have a USD account with Digipass device you are able to open and maintain your
accounts in other currencies such as: EUR,
GBP, CHF, JPY.
See Current Account conditions
You may
choose between:
-
Current account in USD with bankcard only
-
Current account(s) denominated in the following currencies: USD (with
Cirrus/Maestro or MasterCard debit card) or EUR
/ CHF / JPY / GBP. Please note that to manage multi-currency accounts
you will need the Digipass device.
YOU CAN ACCESS YOUR ACCOUNT VIA:
Internet Bank with your Internet
Access Code,
provided at account opening:
-
Check your current account balance
-
Check your history of transactions categorized by time or amount;
Internet Bank with Digipass:
-
Check your current account balance(s), all booked transactions, or incoming
transactions
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Execute both internal and external bank transfers
-
Execute exchange transactions with currencies in which you have current
accounts.
You can order a
Digipass device any time so you can access both our Internet Bank
You can
always withdraw money using your USD bankcard at ATM cash machines and paying
for products and services at POS merchants which display the Maestro/ Cirrus /
MasterCard logos.
Fees and Charges: With Digipass
(from the bank website)
Corporate Account
USD Current Account with the Digipass and the bank card
 Account
Opening
 |
|
|
Account opening fee:
Consists of: account
opening fee, debit card, PIN code, IAC, the Digipass,
its issuance personalization and the postage. |
USD 165.00 |
USD 245.00*
|
*Please note that for security reasons courier is mandatory in case of ordering
a MasterCard debit card. Courier fee: 2× 85.00 USD
Account Maintenance Fee
|
|
|
|
Security deposit (i.e. blocked amount): |
USD 120.00 +
1% of the previous day closing balance will be blocked from the initial
minimum deposit |
USD 200.00 +
1% of the previous day closing balance |
|
Account maintenance fee: |
USD 19.00/month |
USD 35.00/month |
Credits to the account:
(for incoming SWIFT
wires)
Please note that our
correspondent banks may charge their fees (if any) for wire transfer and
those fees are debited on the amount transferred. |
USD 9.00 |
USD 9.00 |
|
Account closure fee: |
USD 70.00 |
USD 70.00 |
Digipass Fee
|
|
|
|
Digipass™ stoppage
fee |
USD 20.00/
device |
USD 20.00/
device |
|
Digipass™ issuance
/ replacement fee |
USD 45.00/
device |
USD 45.00/
device |
The Digipass is
a small device that is necessary for the secure execution of transactions
through the Internet Bank.
Payments
|
|
|
|
Internal bank transfer: |
0.1% (min: USD
5.00, max:USD
100.00) |
0.1% (min: USD
5.00, max:USD
100.00) |
|
Outgoing bank transfer: |
0.3% (min: USD 38.50,
max: USD
400.00) |
0.3% (min: USD 38.50,
max:USD
400.00) |
|
Recall of a SWIFT wire transfer: |
USD 75.00 |
USD 75.00 |
|
Wire investigation: |
USD 75.00 |
USD 75.00 |
Bankcard Fees
Loyal
Bank issues Maestro/Cirrus debit cards to USD
denominated accounts only. There is NO bankcard to accounts in other
currencies.
|
|
|
|
Cash withdrawal cost: |
USD 3.85 +
1.15% |
USD 3.85 +
1.15% |
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Purchase using bank card: |
USD 1.25 |
USD 0 |
|
Decline ATM fee: |
USD 0.65 |
USD 0.65 |
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Balance request fee: |
USD 0.50 |
USD 0.50 |
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Bank card stoppage fee: |
USD 15.00 |
USD 15.00 |
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Bank card replacement fee: |
USD 15.00 |
USD 50.00 |
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Bank card renewal fee: |
USD 10.00 |
USD 10.00 |
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Additional Bank card: |
USD 15.00 |
USD 15.00 |
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Additional bankcard monthly fee: |
USD 1.00 |
USD 1.00 |
Please note that on non-USD card transactions a conversion fee of 1.15% will
apply.
Other Fees
|
|
|
|
Internet Access Code replacement: |
USD 15.00 |
USD 15.00 |
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Internet Access Code stoppage: |
USD 15.00 |
USD 15.00 |
Internet Access Code
change in applet: |
USD 1.00 |
|
|
Audit statement: |
USD 50.00 /st
+ mailing fee |
USD 50.00 /st
+ mailing fee |
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Registering changes to main account data: |
USD 1.00 /item |
USD 1.00 /item |
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Mailing fee concerning message errors: |
USD 35.00 /
message |
USD 35.00 /
message |
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Account Statement issuance and provision to the client: |
-
courier
USD 85.00 /
statement
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by post
USD 15.00 /
statement
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via fax
USD 25.00 /statement
-
via email
USD 1.50 /statement
|
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courier
USD 85.00 /
statement
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by post
USD 15.00 /
statement
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via fax
USD 25.00 /statement
-
via email
USD 1.50 /statement
|
|
Other Statements (swift
message copy, notification, etc.): |
USD 15.00 /
statement |
USD 15.00 /
statement |
|
Bank reference: |
USD 40.00 |
USD 40.00 |
Account Statement
a. for a period from
6 to 12 months
b. for a period from
12 to 24 months
c. for a period greater
than 24 months
|
USD 15.00
USD 20.00
USD 30.00
|
USD 15.00
USD 20.00
USD 30.00
|
|
Mailing by courier: |
USD 85.00
/package |
USD 85.00
/package |
|
SMS alert fee |
USD 0.49 |
USD 0.49 |
Denied card chargeback:
(Charged only upon
receipt of documents, proving that chargeback request was groundless) |
USD 60.00 |
USD 75.00 |
Multi-Currency Current Account Fees
To open
a Current Account(s) in currencies other than USD specifically: EUR, GBP, CHF,
JPY - you should have an active or
have applied for a USD
Current Account with Digipass.
Without Digipass you
will be not able to operate your multi-currency accounts.
There
will be only ONE Digipass for
the USD and all multi-currency accounts of one client that is issued to USD
account.
| |
EUR (€) |
GBP (£) |
CHF |
JPY (¥) |
|
Account opening fee |
€ 6.00 |
£ 4.00 |
CHF 8.00 |
¥ 600.00 |
|
Account maintenance fee (per month) |
€ 5.00 |
£ 3.00 |
CHF 7.00 |
¥ 550.00 |
|
SMS alert fee |
€ 0.33 |
£ 0.25 |
CHF 0.53 |
¥ 53.00 |
Blocked amount
Should be transferred at the account opening |
€ 30.00+ 1%
of the closing balance |
£ 25.00+1%
of the closing balance |
CHF 45.00 +1%
of the closing balance |
¥ 4000.00+1%
of the closing balance |
| Account closure fee |
€ 60.00 |
£ 40.00 |
CHF 90.00 |
¥ 8185.00 |
Credits to the account
(for incoming SWIFT wires) |
€ 7.00 |
£ 5.00 |
CHF 11.00 |
¥ 995.00 |
| Exchange fee |
1.5% |
1.5% |
1.5% |
1.5% |
| Conversion requiring manual intervention |
€ 4.00+ 1.50% |
£ 3.00+ 1.50% |
CHF 6.00+ 1.50% |
¥ 550.00+ 1.50% |
| Internal bank transfer to another client's account |
0.1%
min € 4.00
max € 80.00 |
0.1%
min £ 3.00
max £ 60.00 |
0.1%
min CHF 6.00
max CHF 120.00 |
0.1%
min ¥ 550.00
max ¥ 11000.00 |
| Outgoing bank transfer |
0.3%
min € 31.00
max € 270.00 |
0.3%
min £ 22.00
max £ 183.00 |
0.3%
min CHF 48.00
max CHF 417.00 |
0.3%
min ¥ 4500.00
max ¥ 38000.00 |
Audit statement
(per statement) |
€ 40.00 |
£ 30.00 |
CHF 60.00 |
¥ 5500.00 |
| Registering changes to main account data (per item) |
€ 0.90 |
£ 0.70 |
CHF 1.40 |
¥ 120.00 |
| Mailing fee concerning message errors (per message) |
€ 28.00 |
£ 21.00 |
CHF 42.00 |
¥ 3850.00 |
Account Statement:
a. courier
b. by post
c. via fax
d. via email |
€ 60.00
€ 12.00
€ 20.00
€ 1.20
|
£ 45.00
£ 9.00
£ 15.00
£ 0.90 |
CHF 90.40
CHF 18.00
CHF 30.00
CHF 1.80 |
¥ 8250.00
¥ 1650.00
¥ 2750.00
¥ 165.00 |
Other Statements:
(SWIFT message copy, notification) |
€ 12.00 |
£ 9.00 |
CHF 18.00 |
¥ 1650 |
The
bank reserves the right to charge any overdue account management fees on
Multicurrency accounts to whichever account of the client that has the highest
available balance.
Click to order your account
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