Anyone experience with cbibank ?

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Billneon

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Jul 4, 2020

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Sep 28, 2023

#1

• Sep 28, 2023

• #1

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Is there anyone with any experience with CBibank ? CBiBank - International Trade Settlement and Wealth Management Services

puerto rico offshore bank but seems like the business is run by Chinease

Thanks

 

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Sols

Staff member

Moderator

May 30, 2019

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Sep 28, 2023

#2

• Sep 28, 2023

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Not a bank. It's a financial entity.

The fact that they're referring to their Puerto Rico licensed international financial entity as a "US Government licensed and supervised commercial bank" is a red flag. It's arguable whether the Puerto Rico government could even be considered US government since it's an unincorporated territory of the US. Things get especially strange when their terms and conditions specifically exclude US residents and nationals. Does that sound like something a normal, genuine US bank would do? Of course not.

The website is available in English and Chinese. WeChat as contact method. They offer China UnionPay cards and RMB balances. That tells you who their target audience is.

No pricing anywhere.

But I have no experience with them. Maybe they're the best bank in the world. I just see enough red flags to stay away.

 

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lingshan

New member

Apr 20, 2021

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china

Oct 5, 2023

#3

• Oct 5, 2023

• #3

I spent US$200 to open an account and deposited US$1,000. However, the first remittance review failed, so it’s still lying around.

 

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nansunn

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Jun 6, 2020

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Feb 9, 2025

#4

• Feb 9, 2025

• #4

Any more review on this CBIBANK?

They contacted me to open a personal account with them for 200 USD

I am still considering it.
Pls does anyone have good experience with them

Thanks

 

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nansunn

New member

Jun 6, 2020

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Feb 10, 2025

#5

• Feb 10, 2025

• #5

They contacted me again for a business account.

Their fees are relatively expensive but they claim they don't ask too much questions regarding incoming transfer only basic proof unlike those other monkeys that ask stupid questions

Any experience with them will be highly appreciated

Thanks guys

 

darn18

New member

Aug 20, 2024

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Texas

Sunday at 22:41

#6

• Sunday at 22:41

• #6

nansunn said:

Any more review on this CBIBANK?

They contacted me to open a personal account with them for 200 USD

I am still considering it.
Pls does anyone have good experience with them

Thanks

Click to expand...

It's a good account. Everything works well. So far, I haven't had any problems. The only thing is that for each incoming transfer, they might ask you for documents and supporting evidence.

 

lory

Mentor Group Lifetime

Jul 31, 2020

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Monday at 05:37

#7

• Monday at 05:37

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darn18 said:

The only thing is that for each incoming transfer, they might ask you for documents and supporting evidence.

Click to expand...

that sucks and won't work for me as well as for many others.

 

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Clank

Pro Member

Oct 11, 2020

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Monday at 06:47

#8

• Monday at 06:47

• #8

It's expensive for being a Puerto Rico bank.

 

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