WHAT VP BANK (BVI) OFFERS:
VP Bank (BVI) Ltd offers a wide range of banking services, including accounts in all major currencies (and a few specialty currencies such as the Offshore Chinese Yuan Renminbi), international wire transfers, securities, foreign exchange and precious metals trading for both institutional and private clients.
- Accounts in various currencies
- Wealth planning
- E – Banking
- Asset management
- Family office services
- Fund solutions
The bank do not offer retail bank facilities such as credit/debit cards or checking accounts. The bank cannot handle large volumes of payment transactions. The bank only deals with domestic lending (BVI) and investment / custody of securities for wealth management.
The approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.
BANK TARIFFS AND CHARGES
VP Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. Incoming wire transfers are free of charge. International wire transfers executed by client via e-banking will be charged at USD 50 and international transfers ordered in person or in writing will be USD 150, not including foreign bank charges. The monthly account maintenance fee for international accounts is USD 20 per month if the total account balance is more that USD 100,000 and USD 80 per month if the account has less than USD 100,000.
PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.