Frequently Asked Questions (FAQ)

a leading global bank supporting customer relationships in 150 countries

As the largest global bank in the entire region, NIB&T has an efficient account application process: Submit Bank Account Application Forms online (personal visits to the Bank are not required). All supporting documents must be certified as true copies of the original and submitted electronically. Certified English translation is required if the originals are not in English. 

The Bank Has A Worldwide Clientele, Supports Customer Activities in More than 150 Countries: The Bank serves a large individual and corporate client base from the U.S., Canada, Europe, Asia Pacific, Caribbean, Africa, South and Central America, and other regions.

Customer Deposits in 9 Different Currencies: The Bank accepts customer deposits and transacts in multiple currencies: USD, EUR, GBP, CHF, AUD, CAD, JPY, SGD, HKG through SWIFT (SWIFT code: NIBTKNNE) via several global correspondent banking gateways including JP Morgan, Citibank, Deutsche Bank, BNY Mellon, Wells Fargo, HSBC, ING, Commerzbank, Standard Chartered Bank and others. Customer deposits can also be converted into any desired currency.  

Transfer Existing Investment Portfolios to the Bank: NIB&T’s customers can also transfer their existing investment portfolios such as stocks, bonds, mutual funds and other instruments to the Bank. 

The Bank has NO account application fees, No monthly or annual account maintenance fees, and NO minimum balance fees. NIB&T opens 3 types of bank accounts: 

(1) Personal Account: The minimum initial deposit to open an account is US$50,000. No minimum maintenance balance is required after the initial deposit is made.  

(2) Private Banking Account: Private banking clients have dedicated private bankers offering tailored solutions and services 24/7. A minimum initial deposit of US$1,000,000 and/or investment portfolios are required. 

(3) Business Account: The Bank opens business accounts for all types of entities registered in many jurisdictions worldwide (Corporations, LLCs, LLPs, Foundations, Trusts, Partnerships, SPACs etc.). All entities use the same set of business account application forms. The minimum initial deposit to open an account is US$100,000. No minimum maintenance balance is required after the initial deposit is made. 

A One Stop Solution Bank: New Business Registration + New Business / Personal Bank Accounts + St. Kitts and Nevis Economic Citizenship + Privacy: The Bank assists customers in forming new entities in Nevis (achieved in less than 2 days) or in other countries. New entities can apply for bank accounts at the same time. 

The Bank is also the only Escrow Agent bank in Nevis authorised by the St. Kitts and Nevis government to hold investment deposits for the world renowned St. Kitts and Nevis Citizenship by Investment (CBI) program.  

More: A Welcome Letter from NIB&T Chairman Sir Tony Baldry

The Bank typically opens customer bank accounts in less than 10 days after an application is accepted by the Bank. An approved customer must make the required minimum initial deposit within 5 business days after an account is opened.  

Customer Acceptance Standard: The Bank follows customer acceptance compliance protocols through the Bank’s formal engagements with prominent third-party due diligence experts such as Kroll Inc., which is the world’s largest compliance adviser trusted by global banks and governments. NIB&T pays such service providers significant upfront fees to pre-qualify each prospective customer. 

Fees: The Bank has NO account application fees, No monthly or annual account maintenance fees, and NO minimum balance fees. There is a one-time, third-party due diligence charge to reimburse the Bank for its upfront costs associated with a successful customer approval, payable to the Bank only after an account is opened and ready to transact business. If the Bank is unable to approve an account application for any reason, the account applicant owes the Bank nothing.  

Protect Customer Privacy: The Bank maintains strict confidentiality for all relationships regardless if they are the Bank’s customers. Nevis has one of the best privacy laws in the world. 

Learn More: A Welcome Letter from NIB&T Chairman Sir Tony BaldryPress Release: NIB&T and Kroll Forms Global Alliance on Best Compliance Practices. 

Banking with NIB&T is simple, efficient and transparent. Apply for a bank account.

The Bank Serves Some of the World’s Most Successful Families and Entities: NIB&T’s customers are all types of sophisticated institutions such as corporations, foundations, trusts, LLCs, LLPs etc. domiciled in many countries around the global, as well as ultra-high-net-worth individuals and large family offices worldwide. 

Why Banking with NIB&T? The Bank’s customers seek efficient, modern, reliable, and hassle-free banking services offered by a strong and reputable global bank operating at the “speed of Wall Street” – with a high degree of credibility, efficient multi-currency wire payments to more than 150 countries worldwide, spotless regulatory compliance, and is located in a top English-speaking British Commonwealth nation totally committed to customer privacy. NIB&T is proud of satisfying customers. 

About Saint Kitts and Nevis: First discovered by Christopher Columbus in 1493, St. Kitts and Nevis was the British Empire’s capital in the region for several centuries. Located a short flight from Florida USA, Saint Kitts and Nevis is a successful British Commonwealth country with a highly developed economy, a tax-free jurisdiction, a democratic government, and a respected and independent judiciary enriched by a deep British heritage and close friendship with the United States, EU, Canada, and the UK. The home of America’s founding father Alexander Hamilton in 1755, Saint Kitts and Nevis has established itself as one of the premier jurisdictions for rigorous regulatory compliance practices. 

Founded by prominent British banking and legal experts based in LondonNevis International Bank & Trust (“NIB&T”) is a fully regulated leading global banking conglomerate headquartered in Saint Kitts and Nevis, an English-speaking British Commonwealth country located a short distance south of Florida USA. The Bank maintains exceptionally high capital ratios and serves a large and distinguished clientele from around the world. 

NIB&T engages in four business lines: Banking, Trust & Escrow, NYSE-listed Asset Management, and Capital Markets. The Bank is also a Saint Kitts and Nevis government-approved Escrow Agent bank, as well as a licensed International Marketing Agent duly authorized to process economic citizenship applications to the government’s renowned Citizenship by Investment Program (CBI or CIP). 

NIB&T’s Asset Management ETF trades on the New York Stock Exchange  (NYSE stock symbol: VSL), and its investment assets are held through U.S. Bancorp, the 6th largest American bank. In 2019, VSL was the No. 1 ranked (Lipper ranking) large cap ETF in the entire U.S. market, up more than 40%. VSL is also a top 10 ranked Large Cap ETF as of August 2020, outperforming 1,300 other funds in its category in the U.S.  

NIB&T’s Asset Management affiliate Whitford Asset Management LLC is an investment adviser fully regulated by the U.S. Securities and Exchange Commission (SEC).

NIB&T has a solid compliance program jointly developed and implemented with Kroll, the world’s largest compliance adviser. NIB&T enjoys and maintains a spotless regulatory compliance record with worldwide regulators. The Bank has never been the subject of any regulatory actions. 

Nevis International Bank & Trust has a pristine regulatory history certified annually by Grant Thornton. The Bank has never been the subject of any disciplinary action by any regulatory body in the world. The Bank adopts, applies and follows KYC, AML and other well-established international guidelines on client due diligence and acceptance protocols. 

Press Release: NIB&T and Kroll in Global Alliance on Best Compliance Practices

Banking with NIB&T is simple: The Bank does not accept cash. All bank wire transactions are conducted via SWIFT. The Bank processes third party incoming or outgoing wires on the same day of receipt. The Bank currently serves customers in multiple currencies: USD, EUR, GBP, CHF, AUD, CAD, JPY, SGD, HKD.  

Making A Deposit: The Bank accepts incoming wires from around the world in more than 150 countries. In general, incoming wires take less than 2 business days to arrive at the Bank. 

Making A Withdrawal: Outgoing wires, including third party wire payments can be self-directed online by customers through the Bank’s secure online portal. Bank officers may contact a customer for identity verification purposes. Outgoing wires can be processed within hours of customer request. 

More : A Welcome Letter from NIB&T Chairman Sir Tony Baldry.

Yes. The Bank maintains robust insurance policies protecting the Bank and its customers against errors and omissions, ensuring the safety of customer deposits.

NIB&T conducts banking via SWIFT through several global correspondent banking gateways including JP Morgan, Citibank, Deutsche Bank USA, Bank of New York Mellon, Commerzbank, HSBC, ING, Standard Chartered Bank and others. 

The custodian bank for NIB&T’s NYSE-listed asset management ETF is U.S. Bancorp, the 6th largest American bank. 

NIB&T’s SEC-regulated Asset Management affiliate works with Wells Fargo, Raymond James, and Citibank among NIB&T’s customer custodian services providers. 

NIB&T’s SWIFT wire details:   

SWIFT Name Nevis International Bank & Trust Ltd.
SWIFT Address: NIBT Center, Jessups Estate, Nevis, Saint Kitts & Nevis
SWIFT Code:    NIBTKNNE

Contact the Bank for specific wire transfer details.  

NIB&T is the only bank in Nevis, and the only one of the two banks in St. Kitts and Nevis duly licensed by the government to hold citizenship investment funds for the renowned St. KItts and Nevis Citizenship by Investment (CBI) program. The Bank has a team of citizenship experts who can efficiently assist qualified applicants and their families in obtaining new Saint Kitts and Nevis citizenship in less than 90 days. 

Learn more: Trust, efficiency and credibility – obtain the world renowned St. Kitts and Nevis Citizenship by Investment through the largest international bank in St. Kitts and Nevis.   

Unparalleled Safety of Customer Deposits: All of the Bank’s customer deposits in USD are invested in 100% safe, highly liquid U.S. government-issued Treasury products. Customer deposits in other major currencies are placed in high grade bonds of a particular currency’s issuing country. 

A No-Lending Policy, No Bad Loans: NIB&T’s customer deposits are never exposed to any credit risk. The Bank’s lending policy prohibits customer lending to ensure NIB&T has a zero loan default rate and an exceedingly high Common Equity Tier 1 (CET1) capital ratio that surpasses the largest banks in the world. NIB&T’s customer deposits in USD are among the world’s safest since they are backed dollar for dollar by U.S. Treasury bills. 

Rigorous Regulatory Oversight: The Bank is subject to rigorous regulatory oversight by the government regulators and strictly adheres to high compliance standards. The Bank’s external auditor is Grant Thornton, one of the largest independent public accounting firms in the world. 

NIB&T’s tier 1 capital ratio is nearly 100%, compared to JP Morgan’s 14% and 13.34% (Q3/19) on average for all U.S. banks. 

NIB&T is a duly licensed and fully regulated bank. The Bank’s financial statements are audited under International Financial Reporting Standards (IFRS) by Grant Thornton, one of the largest independent public accounting firms in the world. The Bank’s financials and compliance procedures are also subject to reviews and examinations at any time by the government banking regulators. 

The Bank’s Asset Management subsidiary is fully regulated by the U.S. Securities and Exchange Commission (SEC), and the Bank’s Asset Management ETF business is listed on the New York Stock Exchange (NYSE stock symbol: VSL).

The Bank’s Asset Management business in the U.S. works with U.S. Bancorp, Wells Fargo Bank, Citibank, and others as our customers/investors’ custodian banks.

Nevis International Bank & Trust is an exceptionally strong bank in terms of its capital ratios.  For example, NIB&T’s Common Equity Tier 1 (CET1) capital ratio is nearly 100%, substantially higher than the minimum tier 1 capital ratio under Basel III and the average tier 1 capital ratio of 13.34% (Q3/19) for all U.S. banks.

NIB&T far exceeds Basel III international regulatory framework for banks, achieving the highest level of capital adequacy at all times under the Bank’s unwavering founding guidelines:  

(1) NIB&T does not extend customer credit therefore this bank has no loan book. Thus, NIB&T has no loan default and customer deposits are never exposed to any credit risk; and 

(2) 100% of NIB&T’s customer deposits are either in cash or in government bonds, ensuring the ultra safety of customer deposits. 

Yes. Nevis International Bank & Trust adheres to strict customer confidentiality on all client matters, as required by law. The Bank ensures a client’s account information or citizenship applications is processed in a confidential, secure, professional, and timely manner in accordance with the law. The Bank is the only government approved Escrow Agent bank in Nevis authorised to hold investment funds for the St. Kitts and Nevis Citizenship by Investment (CBI program.  

Click here to learn more, including reviewing the Bank’s license. 

Yes. The Bank transacts in USD with major international banks such as Silvergate Bank in California and other banks that settle digital assets into U.S. dollars. Our customers deposit their USD with us for safekeeping. 

The Bank is in full compliance with all applicable local and international regulatory standards. The Bank performs extensive and continuing due diligence on all client engagements in conjunction with Kroll, the world’s largest regulatory compliance adviser trusted by leading global banks and governments worldwide. 

Saint Kitts & Nevis maintains full compliance and is held in high regard with all FATF/CFATF and OECD regulatory requirements with its rigorous AML and CFT regulatory system. The Bank maintains robust compliance programs and banking relationships with significant global financial institutions. The Bank supports customers’ banking activities in multiple currencies and processes SWIFT wire transfers to and from more than 150 countries. 

Press Release: NIB&T and Kroll in Global Alliance on Best Compliance Practices

NIB&T does not extend customer credit therefore the Bank has no loan book, and the Bank’s customer deposits are never exposed to loan default risk that many other banks often experience.  

Such a policy not only simplifies the Bank’s balance sheet but also provides the utmost safety of customer deposits. NIB&T is well positioned with a substantial Common Equity Tier 1 (CET1) capital ratio of nearly 100%. NIB&T provides unparalleled safety of customer deposits.

Yes. The Bank’s customers have direct and secure online access to their accounts 24/7. To protect customer privacy, the Bank does not send physical client communications or hold mail.

Global Banking, Trust & Escrow, NYSE- Listed Asset Management and Capital Markets: The Bank offers a wide range of banking, asset management, investments, wealth planning and other financial products and services to a large corporate and individual clientele worldwide.

Tailored Bank Trust and Escrow Solutions: The Bank provides tailored Trust and Escrow services including opening customer escrow accounts to facilitate specific transactions such as real estate or other deal closings worldwide. 

Worldwide New Business Formation: The Bank regularly assists and advises clients on forming new business entities. The Bank is capable of forming new businesses in all proper jurisdictions. 

A Leading Bank Advising on the St. Kitts and Nevis Citizenship by Investment Program (CBI, CIP): The Bank is the only government-approved Escrow Agent bank in Nevis, and a government licensed International Marketing Agent fully authorized to advise on obtaining the world-renowned St. Kitts and Nevis economic citizenship. The Bank assists in a one-stop solution: from achieving new citizenship in less than 90 days and visa free travel to nearly 160 countries, to opening bank accounts.

More: NIB&T Bank-advised St. Kitts and Nevis Citizenship by Investment. 

Yes. As a bank customer, the Bank believes that maintaining the confidentiality of customer data is absolutely vital. The Bank strictly follows all relevant laws and regulations in protecting customer privacy under the laws of Nevis, St. Kitts & Nevis. 

Yes, NIB&T offers debit cards to both individual and business customers through the Bank’s Asset Management division. The Bank does not offer credit cards because the Bank does not extend customer credit. 

As the world’s oldest and highest-ranking investment citizenship program, the St. Kitts and Nevis Citizenship by Investment Program (CIP / CBI) provides individuals and their entire family members an efficient way to obtain St. Kitts and Nevis citizenship and passports that allow citizens visa-free travel to nearly 160 countries worldwide. Key features include:

1. CIP / CBI Services Advised by the Bank: A qualified Bank customer and his/her entire immediate family can obtain St. Kitts and Nevis citizenship in about 90 days, subject to the government’s background checks and due diligence.

2. Respected and CredibleNevis International Bank & Trust is authorised by the St. Kitts & Nevis government as an International Marketing Agent (IMA) that qualifies the Bank to advise on the world-renowned St. Kitts & Nevis Citizenship by Investment Program. The Bank’s IMA license (here) is renewable each year.

The Bank is also honored as the only bank in Nevis trusted and approved by the federal government to hold investment citizenship applicants’ funds as an Escrow Agent bank, see our license here.  

3. Confidential Application: The entire citizenship application process advised by the Bank is strictly confidential.

Click here to learn more. Contact Nevis International Bank & Trust to schedule a consultation: [email protected] 

Please note: The St. Kitts and Nevis government currently does NOT accept citizenship applications from these countries: Afghanistan, Cuba, Iran, Myanmar, North Korea. 

As a bank customer, the security of your personal data is of the utmost importance. The Bank uses a multi-factor data security process as well as real-time monitoring to protect all customer data.

Customer Privacy Is Paramount: The Bank strictly maintains confidentiality for all relationships regardless if they are the Bank’s customers. 

Yes. Nevis International Bank & Trust‘s Citizenship by Investment (CIP) clients are from many jurisdictions worldwide. The Bank has available an efficient one-stop solution to qualified CIP clients: The Bank serves as an applicant’s deposit bank, and opens bank accounts for the applicant’s family members and operating businesses. The Bank also assists in the seamless execution of clients’ CIP applications.

Please note: The St. Kitts and Nevis government currently does NOT accept citizenship applications from these countries: Afghanistan, Cuba, Iran, Myanmar, North Korea. 

Click here to learn more

As the only bank in Nevis and one of the two banks in the entire country authorised by the government to hold citizenship investment funds, St. Kitts & Nevis citizenship services obtained through Nevis International Bank & Trust can have many benefits: 

Certainty: Full citizenship in most cases can be obtained in 90 days; Trust: CIP / CBI advised by a duly licensed Bank in a efficient, legitimate, and transparent manner; Freedom: Visa-free travel to nearly 160 countries worldwide; Future: Greater opportunities for education, jobs, and potentially long-term residency in the British Commonwealth as well as the entire Caribbean Community; Credibility: The St. Kitts & Nevis citizenship program has a strong reputation as the oldest, most robust, and successful Citizenship by Investment program in the world; Prosperity: International businesses incorporated in Nevis enjoy many benefits; Bank account privilege: The Bank opens bank accounts for new St. Kitts and Nevis passport holders  

Click here to learn more

For a CIP customer, the name on his/her bank account is the name on his/her St. Kitts & Nevis passport. 

Click here to learn more

Nevis International Bank & Trust’s bank customers are serviced on an expedited basis. Typically, it takes no more than 90 days for a bank customer and his/her entire family to obtain St. Kitts & Nevis passports, subject to independent background checks and approval of the St. Kitts & Nevis government.

Click here to learn more

Presently, St. Kitts and Nevis passport holders can travel visa-free to nearly 160 countries and territories worldwide. A full list of visa-free countries can be found on the government’s website: here.

Click here to learn more

Yes. The Bank regularly assists customers in forming businesses in nearly all jurisdictions worldwide (subject to compliance approval). Any business registered through the Bank that meets the Bank’s compliance requirements will also enjoy bank account opening privileges at the Bank.  

Yes. An applicant’s entire family can apply for St. Kitts and Nevis passports. The Bank’s CIP experts guide an applicant’s citizenship application from the beginning until successful completion.  

Click here to learn more

Yes. The St. Kitts and Nevis passport is universally recognized by all nations worldwide. Citizens can work or live in many countries worldwide throughout the British Commonwealth. Please consult the Bank for more details. 

Click here to learn more

The Bank’s CIP experts work closely with applicants and their family members to obtain their St. Kitts & Nevis citizenship. The St. Kitts and Nevis government conducts independent background checks on all applicants. 

Please note: The St. Kitts and Nevis government currently does NOT accept citizenship applications from these countries: Afghanistan, Cuba, Iran, Myanmar, North Korea. 

Click here to learn more

The government of St. Kitts and Nevis may reject an applicant’s citizenship application if:  (1) An applicant is unable to pass background checks; (2) False and misleading information is provided during the citizenship application process. 

Contact Nevis International Bank & Trust to schedule a free consultation: [email protected]

Please note: The St. Kitts and Nevis government currently does NOT accept citizenship applications from these countries: Afghanistan, Cuba, Iran, Myanmar, North Korea. 

Click here to learn more

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