Opening a bank account in the British virgin islands

Last activity 11 June 2013 by spabvi.com

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JulienFounder28 September 2011 07:43:18

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Hi all,

is it difficult for expats to open a bank account in the British virgin islands ?

Which documents are required to open a bank account in the British virgin islands ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance) ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

Lost VikingsMember29 March 2013 02:29:10

I spent 3 days trying to get an appointment with scottiabank. I got tired and walked straight in to first bank caribbean which fixed everything relatively fast with no line and service beyond any bank i ever visited.

scottiabank does not have mobile visa terminals either, first bank does.

spabvi.comMember11 June 2013 18:37:03

It seems to be much more simpler now...

We tried with Banco Popular and everything happened quite speedily. Bank Consultant handed over me my ATH card, Passbook, A/c No & deposit first funding cheque deposition slip, all in less than 30 Minutes!

I am sure other banks too have quite similar service levels! need to check!

Just few tips for expacts:

1. Be there at around 8.50 am so no waiting in long que required!
2. Carry your a. passport, b. Social Security card / No, c. Work Permitt Card, d. Deposit Amount Cash / Cheque etc.
3. Choose Account type !

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