Thursday 24th October, 2019

Featured Products & Services

Wire Transfers

Private Banking

Facilitating incoming and outgoing wire transfers for our clients is one of our core services. We fully appreciate that speed of delivery is a critical factor and it is for this reason that we constantly strive to ensure that all payments are processed on the same day as the instructions are received by us. To assist us in achieving our goals, we use two of the most highly respected Correspondent Banks. US Dollar wires can be made through Lloyds Bank PLC, UK.   USD Dollars should be remitted to:   SWIFT Field 50 K (FEDWIRE TAG 5000) Ordering Customer NAME:   ADDRESS:       SWIFT Field 56 (FEDWIRE TAG 4000) Intermediary Bank Information SWIFT: Sort Code: LOYDGB2L 30-96-34 NAME: LLOYDS BANK PLC ADDRESS: First...

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Wealth Management

Private Banking

“Securing your Financial Future” Our parent company, The Bank of Nevis Limited (BON), was founded in 1985, just two years after St Kitts and Nevis were granted independence and was the brainchild of Dr Simeon Daniel, the first Premier of Nevis.  BON was created from an altruistic desire to provide banking services to the local community and to assist with the development of Nevis’ economy. “Securing your Financial Future” was always central to the BON Group’s philosophy when dealing with local clientele and this aspiration has been inculcated into BONI   in our dealings with our international clients and fiduciaries. In cultivating wealth management...

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Multi-Currency Accounts

Private Banking

USD/EUR/GBP Deposit Accounts We fully appreciate that when placing your business, you have choices and in selecting us as custodian of your funds. Not only will we provide you with a competitive rate, we will ensure that your relationship  is managed by a dedicated client relations officer. We will also ensure that your funds are prudently invested by us thereby ensuring that you are not exposed to unnecessary risk. Your liquidity requirements will dictate the term of your deposit and we have a range of options designed to meet your needs, whether they be for overnight placement or for a term of...

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Foreign Exchange Rates
Our Functional Currency: USD

(valid for October 23, 2019)

 

CURRENCY

RATE

(Sell)

RATE

(Buy)

1.0000 1.0000

1.3200

1.2685

0.7823

0.7570

1.1794

1.0519

 



Private Banking

USD/EUR/GBP Deposit Accounts

We fully appreciate that when placing your business, you have choices and in selecting us as custodian of your funds. Not only will we provide you with a competitive rate, we will ensure that your relationship  is managed by a dedicated client relations officer. We will also ensure that your funds are prudently invested by us thereby ensuring that you are not exposed to unnecessary risk.

Your liquidity requirements will dictate the term of your deposit and we have a range of options designed to meet your needs, whether they be for overnight placement or for a term of up to one year:

TYPE OF ACCOUNT

ACCOUNT ACTIVITY

INTEREST

CURRENCIES ACCEPTED

Demand Deposit Accounts (Current Accounts)

Activity normally comprises incoming and outgoing wire payment

Not applicable

USD
EUR
GBP

Savings

Minimal outward payment activity - deposit is treated as a Call Deposit

Interest will accrue and be paid on a quarterly basis

USD
EUR
GBP

Term Deposits

Clients are committing their deposits for terms ranging from one month to one year

Competitive rate will be quoted and interest will be paid on the maturity

USD
EUR
GBP

Deposit interest rates will be available on request.

NB

Inward Payments

Inward Payments: Accounts are normally credited on the day of receipt unless we require additional due diligence information.

Outward Payments

Payments are normally dispatched on the day the wire instructions are received, provided such instructions have been received and verified by us no later than 2:00 p.m. local time.

Foreign Exchange

While we do not offer an active foreign exchange service, we do quote rates for the conversion of those currencies that may be deposited with us.

Credit Cards

We offer VISA credit cards denominated in US Dollars on a cash collateralised basis representing 150% of the credit limit.

A credit card application can be downloaded from our website.

We are committed to provide you with superior service and to be transparent, competitive and providing value for money for our services.

Bank of Nevis International Limited

Commission and Fee Schedule (USD or Currency Equivalent)

TRANSFERS

USD

Incoming Wire Transfer

20

Internal Transfer

10

Outgoing Wire Transfer

70

Credit Card Service Fee/Standing Orders

15

Wire Transfer: Trace, Amend, Recall, Returned (per hour plus all costs

incurred)

75

FOREIGN CURRENCY DRAFTS/CHEQUES

USD

Issuance of Bank Drafts

Delivery of Draft

30

10

ADMINISTRATION

USD

Account Application fee

·         Personal Accounts

·         Corporate Accounts

·         Trust Accounts

 

200

300

350

Account Activation Fee (applicable if the account has not been funded within 30 days of approval)

100

Account Reactivation Fee (applicable for dormant and inactive accounts)

50

Closing of Account  (If closed within 1 year)

100

Online Banking (Annual)

100

Account Maintenance Fee (Annual)

100

Hold Mail (Monthly)

20

Special Investigations (per hour, plus all costs incurred)

75

Banker’s Reference

50

Fax Transmission

5

Statement Copy

20

Courier Charges (*at cost plus USD20 handling charge)

20*

Bank Confirmation

50

Retrieval of Entries from Archives (per item)

10

Below Minimum Balance Fee (monthly)

                         50

Urgent fee

10

Safety Deposit Boxes:

·         Large

·         Extra Large

·        Jumbo                                                                                                     

 

 

175

 200

225

Opening Bank Accounts

The Bank facilitates the opening of accounts for our clients under two arrangements:

  1. Transactional Account Opening (Client controls Bank Account)
  2. Approved Intermediary Programme

The whole essence of banking is built on trust: “the firm belief in the reliability, truth or ability of someone or something.”

We will use our best endeavours to ensure that your trust in establishing a banking relationship with us will be fully justified.

The acceptance of foreign currency deposits represents a substantial part of our business and, as such, we are always delighted to accept the offer of new business that could lead to a mutually rewarding relationship and our provision of ancillary services.

1. Opening Bank Accounts: Client Controlled

We willingly accent applications for the opening of accounts for International Business Companies, Limited Liability Companies etc when referred to us by local and international intermediaries

We also accept applications directly from the account holders, and where such accounts will be controlled by the beneficial owner.

Application forms can be downloaded by clicking here:

  • Personal
  • Corporate

It should be mentioned, however, that the due diligence and source of funds checks that we are obliged by law to carry-out when opening accounts takes much longer to complete for prospective clients making direct application to us, as compared with intermediary introduced applications.

2. Approved Intermediary Programme: Relationship Account Opening (Intermediary controls Bank Account)

Many of the companies introducing business to us are regulated international financial intermediaries who act as trustees and/or provide corporate management services to their clients. Invariably, the fiduciary services include powers to operate on clients’ bank accounts, all for the benefit of the clients.

The Anti-Money Laundering Regulations of St. Kitts and Nevis enable us to open bank accounts on behalf of clients of financial intermediaries with a reduced level of due diligence provided such accounts will be controlled by the intermediary and that such intermediary is a regulated entity in a jurisdiction that is considered to have “equivalency” with St. Kitts and Nevis relative to Anti Money Laundering and KYC Regulations.

With a view to expanding our client base but not compromising our risk based approach, we have introduced our Approved Intermediary Programme, specifically to meet the needs of international financial intermediaries who provide fiduciary services, a component of which is their management of clients’ bank accounts.

The main features of the Approved Intermediary Programme are:

  1. We develop a detailed understanding of each other’s business model, ethics and the banking needs of the Intermediary’s clients;
  2. We develop a detailed appreciation of each other’s Compliance Standards and AML/KYC practices and procedures when establishing “equivalency”;
  3. We maintain a proactive open dialog regarding ways and means of better servicing the Intermediary’s needs;
  4. The Intermediary is required to undertake full due diligence on the Beneficial Ownership of all new accounts referred to us;
  5. While we are prepared to consider opening new accounts on the basis of essential documentation only being provided to us, we reserve the right to call for production of full due diligence at any time.

The main benefits of the Approved Intermediary Programme are:

  1. A concise account application process supported by essential due diligence documentation;
  2. A fast track approach to the review of applications and the opening of accounts;
  3. Designated personnel and alternates allocated to Approved Intermediary, thereby ensuring continuity of approach to client relationship management;
  4. Customised Operations Manual incorporating Service Level Deliverables, including a competitive Tariff; and
  5. A long lasting, mutually rewarding and trusted partner

Facilitating incoming and outgoing wire transfers for our clients is one of our core services.

We fully appreciate that speed of delivery is a critical factor and it is for this reason that we constantly strive to ensure that all payments are processed on the same day as the instructions are received by us.

To assist us in achieving our goals, we use two of the most highly respected Correspondent Banks.

US Dollar wires can be made through Lloyds Bank PLC, UK.

 

USD Dollars should be remitted to:

 

SWIFT Field 50 K

(FEDWIRE TAG 5000)

Ordering Customer

NAME:

 

ADDRESS:

 

 

 

SWIFT Field 56

(FEDWIRE TAG 4000)

Intermediary Bank Information

SWIFT:

Sort Code:

LOYDGB2L

30-96-34

NAME:

LLOYDS BANK PLC

ADDRESS:

First Floor, 25 Gresham Street, London

EC2V 7HN

United Kingdom

 

SWIFT Field 57

(FEDWIRE TAG 4100)

Beneficiary Bank Information

ACCOUNT NUMBER:

USD A/c #: 11502689

IBAN GB48 LOYD 3096 3411 5026 89

SWIFT:

Sort Code:

BNEIKNNE

NAME:

BANK OF NEVIS INTERNATIONAL LTD

ADDRESS:

MAIN ST., CHARLESTOWN, NEVIS, WEST INDIES

 

 

 

SWIFT Field 59

(FEDWIRE TAG 4200)

Beneficiary Customer Information

ACCOUNT NUMBER:

 

NAME:

 

ADDRESS:

 

 

 

 

SWIFT Field 70

(FEDWIRE TAG 6000)

Remittance Information / Reference

 

 

 

 The US correspondent banks for Lloyds TSB Bank are:

J P Morgan Chase, New York

Swift Code: CHASUS33

 Or

 Wachovia Bank, New York

Swift Code: PNBPUS33NNY

 

 

EURO Funds should be remitted to:

 

SWIFT Field 50 K

(FEDWIRE TAG 5000)

Ordering Customer

NAME:

 

ADDRESS:

 

 

SWIFT Field 56

(FEDWIRE TAG 4000)

Intermediary Bank Information

SWIFT:

Sort Code:

LOYDGB2L

30-96-34

NAME:

LLOYDS BANK PLC

ADDRESS:

First Floor, 25 Gresham Street, London

EC2V 7HN

United Kingdom

 

SWIFT Field 57

(FEDWIRE TAG 4100)

Beneficiary Bank Information

ACCOUNT NUMBER:

IBAN GB91 LOYD 3096 3486 185707

EUR A/c #:  86185707

SWIFT:

Sort Code:

BNEIKNNE

NAME:

BANK OF NEVIS INTERNATIONAL LTD

ADDRESS:

MAIN ST., CHARLESTOWN, NEVIS, WEST INDIES

 

 

 

SWIFT Field 59

(FEDWIRE TAG 4200)

Beneficiary Customer Information

ACCOUNT NUMBER:

 

NAME:

 

ADDRESS:

 

 

 

 

SWIFT Field 70

(FEDWIRE TAG 6000)

Remittance Information / Reference

 

 

 

 

 

 

GBP Dollars should be remitted to:

 

SWIFT Field 50 K

(FEDWIRE TAG 5000)

Ordering Customer

NAME:

 

ADDRESS:

 

 

SWIFT Field 56

(FEDWIRE TAG 4000)

Intermediary Bank Information

SWIFT:

Sort Code:

LOYDGB2L

30-96-34

NAME:

LLOYDS BANK PLC

ADDRESS:

First Floor, 25 Gresham Street, London

EC2V 7HN

United Kingdom

SWIFT Field 57

(FEDWIRE TAG 4100)

Beneficiary Bank Information

ACCOUNT NUMBER:

GBP A/c #:  01025563

IBAN GB89 LOYD 3096 3401 0255 63

SWIFT:

Sort Code:

BNEIKNNE

NAME:

BANK OF NEVIS INTERNATIONAL LTD

ADDRESS:

MAIN ST., CHARLESTOWN, NEVIS, WEST INDIES

SWIFT Field 59

(FEDWIRE TAG 4200)

Beneficiary Customer Information

ACCOUNT NUMBER:

 

NAME:

 

ADDRESS:

 

SWIFT Field 70

(FEDWIRE TAG 6000)

Remittance Information / Reference

 

 

 

“Securing your Financial Future”

Our parent company, The Bank of Nevis Limited (BON), was founded in 1985, just two years after St Kitts and Nevis were granted independence and was the brainchild of Dr Simeon Daniel, the first Premier of Nevis.  BON was created from an altruistic desire to provide banking services to the local community and to assist with the development of Nevis’ economy.

“Securing your Financial Future” was always central to the BON Group’s philosophy when dealing with local clientele and this aspiration has been inculcated into BONI   in our dealings with our international clients and fiduciaries.

In cultivating wealth management relationships, we adhere to the following timeless principles:

  • Reputation: We will not transact with any client in a manner likely to damage our reputation or that of our clients, shareholders, staff or Nevis as an International Financial Centre.
  • Integrity: In Nevis we will comply with the relative Codes of Conduct governing cooperation with judicial and regulatory authorities, the exercise of due diligence and maintaining confidentiality.
  • Relationships: We recognise that wealth management is a bespoke service in which client relationship management is a major differentiator. We will strive to exceed client expectations in our pursuit of professional excellence.
  • Confidentiality: We will preserve and maintain client confidentiality except where disclosure is required or permitted by law or the client has given prior written consent.
  • Employees: We will continue to create an environment in which our staff is given every support to optimise their personal and professional goals and aspirations.

Wealth Management Offering

We are pleased to advise that in November 2014 the Minister of Finance, Nevis Island Administration, approved our application for licensing as a Management Company in Nevis, enabling us to act as a Registered Agent for the incorporation of International Business Companies, Limited Liability Companies and Trusts.

Building on our experience acquired from developing banking relationships, allied with our newly acquired Management Company capabilities,  BONI is committed to providing a more integrated wealth management offering to existing and prospective clients comprising:

  1. Trust and corporate administrative services
  2. Investment management
  3. Services to High Net Worth Individuals applying for St Kitts and Nevis Passports under the Citizenship by Investment Programme.

 

 Opening Bank Accounts

  1. Client Controlled Accounts
  2. Approved Intermediary Controlled Accounts

Banking is based on trust: “the firm belief in the reliability, truth or ability of someone or something.”

We will use our best endeavours to ensure that your trust in establishing a banking relationship with us is not betrayed.

BONI facilitates the opening of accounts for clients under two main arrangements:

1. Client Controlled Bank Accounts

We willingly accept applications from local and international intermediaries for the opening of accounts in the name of entities such as International Business Companies and Limited Liability Companies, or in the name of private individuals, where such accounts will be controlled by the beneficial owner.

We also accept applications directly from private individuals seeking to open accounts to be controlled by them.

Application forms can be downloaded by clicking here:

Personal

Corporate

The due diligence and source of funds checks that we are obliged by law to undertake when opening accounts take much longer to complete for those prospective clients making direct application to us, compared with intermediary introduced applications.

For those prospective clients who are classified as US Persons for the purposes of the Foreign Account Tax Compliance Act (FATCA) passed in the US in 2010, we are required to obtain a completed W-9 Form and their US Tax Information Number.

2. Approved Intermediary Controlled Accounts

Many of the intermediaries introducing business to us are regulated international fiduciaries who act as trustees and/or provide corporate management services to their clients. Invariably, these services include powers to operate bank accounts, all for the benefit of the clients.

The Anti-Money Laundering Regulations of St. Kitts and Nevis enable us to open bank accounts on behalf of clients of fiduciary intermediaries with a reduced level of due diligence provided such accounts will be controlled by the intermediary and that such intermediary is a regulated entity in a jurisdiction that is considered to have “equivalency” with St. Kitts and Nevis relative to Anti Money Laundering and KYC Regulations.

With a view to expanding our client base but not compromising our risk based approach, we have introduced our Approved Intermediary Programme, specifically to meet the needs of intermediaries providing fiduciary services, including management of clients’ bank accounts.

The main features of the Approved Intermediary Programme are:

  1. We develop a detailed understanding of our respective business philosophies and the banking needs of the Intermediary’s clients;
  2. We develop a detailed appreciation of each other’s Compliance Standards and AML/KYC practices and procedures when establishing “equivalency”;
  3. We enter into a formal agreement which allows us to open new accounts on the basis of essential documentation only being provided to us, but which also entitles us to call for full due diligence at any time to satisfy our AML Regulations;
  4. The Intermediary is required to undertake full due diligence on the Beneficial Ownership of all new accounts referred to us; and
  5. We maintain a proactive open dialogue regarding ways and means of better servicing the Intermediary’s needs.

The main benefits of the Approved Intermediary Programme are:

  1. A concise account application process supported by essential due diligence documentation;
  2. A fast track approach to the review of applications and the opening of accounts;
  3. Designated client relations officers and alternates ensuring continuity of approach to relationship management;
  4. Customised Operations Manual incorporating Service Level Deliverables, including a competitive Tariff; and
  5. A long lasting, mutually rewarding and trusted partnership arrangement.