Loyal Bank

Loyal Bank (St. Vincent & Grenadines)

Offshore Banking solutions can assist you with international company and personal bank account opening with e-banking facilities and prepaid bank card in St.Vincent & the Grenadines with Loyal bank. The bank offers secure banking from the comfort of your home. Access funds globally through your own card and save money on global FX.

About this Product

Package Services

Corporate Bank Account opening fees with E-Banking facilities: $500

Personal Bank Account opening fees with E-Banking facilities: $450

Bank Products and Services
  • Corporate Debit MasterCard: $0
  • Corporate Additional Debit/Master card: $ 100
  • Personal Debit MasterCard: $0
  • Additional Debit/Master card: $ 100
  • Shipping Cost: It will be charged extra on actual basis.

Important information about Loyal Bank

About Euro Loyal Bank

Loyal Bank is the largest and the longest established (1997) international bank in St. Vincent & the Genadines.

The Bank is a financial institution providing its customers with personal and corporate multi-currency banking services, investment and wealth management as well as retail banking.

The bank exclusively dedicated to serving the needs of offshore and non-resident clients.

The bank is the principal member of MasterCard and SWIFT.

Loyal Bank has representative office in the Budapest, Hungary.

Having an international account is an essential step toward financial diversification.  Loyal Bank focuses on offering you an exceptional banking experience, while providing access to a global suite of products.

Facilities offered by Loyal Bank
  • Full range of banking services.
  • Multicurrency accounts in USD, GBP, EUR, CHF, JPY, AUD, CAD.
  • Internet banking and SMS notifications.
  • Multilingual customer support in 13 languages
  • 24 hour multi-lingual customer service center.
  • Secure online banking with the digipass.
  • USD and EUR MasterCard debit cards.
  • MasterCard Platinum with USD 30,000/EUR 20,000 monthly average deposit on your main account.
  • Term deposits.
  • Private Banking.
  • Investment trading.
  • Precious Metal Purchase.
  • Forex Trade
  • The approximate timeframe for account allocation is 5 to 7 days after the documents have been received by the bank.
Bank Tariffs/ charges
  • Loyal Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. 
  • Depending on the amount of transfer, incoming transfers will vary from USD 18- USD 35.
  • The bank charges a minimum of USD 139 for outgoing transfers.
  • The monthly account maintenance fee for a corporate account is USD 40. 
  • Bank tariffs/ charges may be changed anytime at the sole discretion of the bank, we therefore suggest contacting us or visiting the bank’s website for updated details on specific fees and charges.
  • Our 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.

Documents requirements

Corporate Bank Account
  • For the Company:

A set of legalized company documents consisting of:

  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s) Valid License (if applicable)
For each corporate officer (Where the company directors or shareholders are legal entities), please provide:

A set of legalized company documents consisting of: 

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.
For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  • Notarized copy of valid passport.The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
Personal Bank Account
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter dated within 3 months.
  • Personal CV
Note:
  • Documents that are not in English must be accompanied by a certified translation. 
  • Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.
Certification Requirements:

A certified document copy is a copy (often a photocopy) of a primary document that has on it an endorsement or certificates that it is a true copy of the primary document. All certifications should meet the below standards:

  • Document certifications for individuals should be dated within 90 days of submission
  • Document should be stamped or sealed by certifying agent
  • Must contain the name, contact details, and signature of certifying party
  • Contains language similar to: “This is a true copy of the Original”
  • Any signatures and stamps should be clear, legible and in dark ink so that all relevant detail is visible on the scanned document
Account opening timeframe
  • The account will be activated within 5-7 business days, upon receipt by the bank of all duly completed forms and relevant information.
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