Worst offshore bank

[Internationaloff]

Maybe we should start something to provide detail and information about the worst offshore bank that you can name.

Delta West Credit Bank and Rietumu Bank.

 

[Montecristo]

Another bank that I like to highlight is Al Salam Bank in Seychelles. These idiots have no idea what kind of KYC they are doing. My friend sent in all the documents via email to them and they had no problem with it and asked him to send in all the physical copy via courier. After the same set of documents reached them, they said must do this and must do that. Worse still, they have no idea how the notary public works. They insist that the notary public put a date of signing on the documents. A notary public chop will indicate his license validity and not the date of signing. Very ignorance standard from Al Salam Bank.

 

[CoinMaster]

ohh.. ouch.. so you struggled to get an account with this bank? or are you still working with them to sort out the kyc procedure? Did you use an introducer or it is not required to have an introducer there?

 

[Montecristo]

ohh.. ouch.. so you struggled to get an account with this bank? or are you still working with them to sort out the kyc procedure? Did you use an introducer or it is not required to have an introducer there?

They gave a reply that I really could not understand. They said that they were previously BMI Bank and they just took over by Al Salam Bank and there is a change in standard. At the same time, she said the account manager who handled the case left the bank and a new manager took over. Anyway, both old and new account managers were in the cc list so no reason to say don't know or didn't receive. A cock up bank.

 

[JohnLocke]

They are very friendly at the beginning and then they start asking for more and more documents slowly. It was the same procedure as FBME and Baltikum Banks did. It sucks big times.

 

[Montecristo]

They are very friendly at the beginning and then they start asking for more and more documents slowly. It was the same procedure as FBME and Baltikum Banks did. It sucks big times.

Which bank is FBME??

 

[negon]

Here we go https://www.fbme.com/en/home it's a total no go

 

[CoinMaster]

Why does FBME sucks? I have a business partner with FBME account to where I transfer money once every while?

 

[JohnLocke]

Here we go https://www.fbme.com/en/home it's a total no go

You are always so quick in replies my friend

FBME is a good bank if you can get your account opened. However, with all the changes and all the fees this bank charge I think they suck! I closed my account last year because it was too complicated and expensive to use!

 

[maxmoney]

So you say that if we can open an account with FBME they are a good bank, true?

 

[utibi]

I can mention the first one in place of him. The one starting with H is HSBC.
https://www.hsbc.com.sg/

It's customer satisfaction rating is as low as 1.2 stars out of 5:
https://www.consumeraffairs.com/finance/hsbc.html

The internet has lots of stories of people finding their corporate accounts closed without a provided reason, not just in Singapore but also in Hong Kong.

I personally would avoid this bank if possible. From what I've heard, some people still end up with this bank because some claim they still open accounts for non-residents.

I heard only good thing about HSBC bank! How comes you find it to be the worst bank?

 

[maxmoney]

HSBC may be good for onshore banking since they are worldwide presented but for offshore banking I will agree with OP it's the worst bank!

 

[Montecristo]

HSBC may be good for onshore banking since they are worldwide presented but for offshore banking I will agree with OP it's the worst bank!

It is the worst bank in the first tier category.

 

[Internationaloff]

Credit Froncier Comore

 

[Houdini]

Well had some very bad experience with Hellenic Bank Cyprus bank when they still exists.

What was the bad experience? mind to share please?

 

[Houdini]

What is goodest Switzerland or Hong Kong bank account? what is easy to open? I can not take flight there.

Hong Kogn sucks for banking. Requires to personal visit and bankers reference letter!

 

[Houdini]

For me it was Baltikums bank.. no respnse to my questions only standard answers.

They are not in business any lonker or are they?
check -> Baltikums Bank is now BlueOrange they are BlueOrange now!

 

[cutmetwo]

One of these maybe:

• Standard Chartered | Singapore
• http://www.uob.com.sg/index.html
• OCBC Bank Singapore - Personal Banking, Business Banking, Wealth Management
• http://www.posb.com.sg

Does these banks sucks? I would like to know what other banks there are you consider bad?

 

[JohnK]

great thread we need to add Baltkums bank / orange bank to it now!

 

[cutmetwo]

They are not in business any lonker or are they?
check -> Baltikums Bank is now BlueOrange they are BlueOrange now!

I communicated with them and they are the same bank just new name and maybe new company with banking license!!