Frequently Asked Questions

Experience the excellence: Banking with Nevis international Bank & Trust

Nevis International Bank & Trust (“NIB&T) is a fully regulated, leading banking institution duly licensed in the Federation of St. Kitts & Nevis, a prosperous British Commonwealth country located a short distance south of Miami, Florida USA. The Bank serves local individuals and business customers in St. Kitts as well as a large clientele from around the world. NIB&T welcomes and regularly hosts client visits to the Bank.

A customer is not required to be physically present at the Bank in order to receive banking services. NIB&T applies the same regulatory compliance protocols to all customer applications. 

The Bank has NO upfront account application fees, NO minimum annual balance fees, and NO monthly or annual account maintenance fees. The Bank accepts customer wire deposits in all major currencies (USD, Euro, JPY etc.). The Bank also accepts customer transfers of their existing investments to the Bank, such as stocks, bonds or other financial products that a customer may hold at other financial institutions.  

NIB&T opens three types of customer bank accounts: 

(1) Personal Account: The minimum opening deposit for a Personal Account is US$50,000.

(2) Private Banking Account: By Invitation Only. Private banking clients benefit from customized banking privileges as well as many other advantages such as tailored financial products, hands-on customer care through assigned private bankers, and 24/7 support. The minimum opening balance for a Private Banking Account is US$1,000,000. 

(3) Business Account: The Bank opens business accounts for entities duly registered in nearly all accepted jurisdictions worldwide (subject to compliance). The minimum opening deposit for a Business Account is US$100,000.

All-in-one: New Business Formation + New Business Bank Accounts: The Bank frequently assists customers in registering new business entities in Nevis (achieved in less than 3 days) and other jurisdictions. New entities formed through the Bank, controlled by the bank’s existing customer(s) are automatically qualified to open new business accounts. 

A Straightforward Bank Account Opening Process: Complete and submit the Bank Account Forms together with the required supporting documents to:
Personal Account: [email protected]
Business Account: [email protected]

Making a Bank Deposit: NIB&T receives customer wire deposits mainly via SWIFT. The Bank does not accept deposits of cash or checks.
SWIFT Name: Nevis International Bank & Trust Ltd. 
SWIFT Code / BIC:  NIBTKNNE 

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

NIB&T’s well-regarded customer service experience is all about precise execution. You the customers will enjoy the Bank’s “Customer First” service standard.  

Reliable Services, Efficient Execution: The Bank typically opens a customer bank account within 30 days after an applicant’s account opening documents are fully submitted and accepted by the Bank. A customer is notified and will have 5 days to make an initial deposit. A client’s physical presence at the Bank is not required.

Customer Acceptance: The Bank implements customer onboarding compliance protocols through formal relationships with prominent third-party due diligence providers such as Kroll Inc., the world’s largest risk management firm trusted by the largest global banks and governments worldwide. NIB&T pays such service providers significant upfront fees to pre-qualify each prospective customer. 

Fees: NIB&T has NO account application fees, NO monthly or annual account maintenance fees, and NO minimum annual account balance fees. There is a one-time, fixed third-party due diligence charge to reimburse NIB&T for its upfront costs of a successful customer onboarding after a client’s bank account is approved and opened. If, for any reason NIB&T is unable to approve a customer’s account application, the Bank absorbs all such customer onboarding costs and the prospective client owes the Bank nothing. 

Customer Privacy: The Bank strictly maintains confidentiality for all relationships regardless whether they are the Bank’s customers. NIB&T closely safeguards privacy under all circumstances. 

The “Customer First” Service Standard: Clients count on NIB&T to deliver a consistent and professional experience, upholding the highest standards of care, compliance, privacy, and trust. NIB&T stresses flawless execution by achieving results, meticulously servicing a large global clientele across many countries and time zones around the world.   

More: A Welcome Letter from NIB&T Chairman Sir Tony Baldry.
Press Release: NIB&T and Kroll in Global Alliance on Best Compliance Practices. 

Experience the distinction. Open a bank account at the “Customer First Global Bank:” Bank Account Forms.

NIB&T’s customers make deposits with the Bank in all major currencies. Customers also transfer many types of existing investment assets to the Bank. Customers do not have to liquidate their investments before their assets can be transferred to the Bank.   

Bank Wires: NIB&T’s worldwide customers can deposit all major currencies (USD, Euro etc.) with the Bank via wire transfers, mainly through SWIFT (SWIFT Name: Nevis International Bank & Trust Ltd.; SWIFT Code/BIC: NIBTKNNE). The Bank does not accept physical cash as deposits.  

Existing Investment Portfolios: NIB&T’s customers often transfer their existing investment portfolios to the Bank, such as global stock portfolios, bonds and many other types of investment products including “mark to market” private placement securities. 

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

 

Unparalleled Safety of Customer Deposits: All of the Bank’s customer deposits in USD are invested in 100% safe, highly liquid and short-term U.S. government-issued Treasury bills. Customer deposits in other major currencies are placed in liquid sovereign 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. 

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 bank wire transfers mainly through SWIFT. 

SWIFT NAME:  Nevis International Bank & Trust Ltd.
SWIFT Code/ BIC: NIBTKNNE

Yes. 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.

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, ensuring 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 bad loans. NIB&T has a zero loan default rate and customer deposits are never exposed to any credit risk; and (2) 100% of NIB&T’s customer deposits in USD are placed in highly-liquid, short-term U.S. Treasury bills to ensure customer deposits are always safe, backed dollar for dollar by U.S. Treasury bills. NIB&T’s customers can absolutely and easily access liquidity at any time.

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. 

St. 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 institutions. The Bank currently clears USD through major US banks via various global correspondent banking relationships. 

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 exposure to potential bad debt of any sort. 

Such a disciplined lending 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%. In comparison, JP Morgan, one of the strongest banks in the world had a CET1 capital ratio of around 14% at the end of 2019. NIB&T provides unparalleled safety of customer deposits and easily makes available customer liquidity at any time. 

Nevis International Bank & Trust 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. 

The Bank’s global headquarters occupy an extensive corporate complex Nevis International Bank & Trust Center in the beautiful Nevis, St. Kitts and Nevis, the birthplace of America’s founding father Alexander Hamilton and is located a short distance south of Miami, Florida USA. The Bank provides a full range of financial services to local St. Kitts customers as well as a large clientele consisting of individuals, family offices and institutions from all over the world.

The Bank can be easily located on Google map. NIB&T warmly welcomes and regularly hosts customer visits to the Bank. 

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

Yes. The Bank’s customers have direct online access to their accounts, available for viewing at any time. The Bank does not send physical mail to clients.

Commercial Banking, Asset Management and Investment Banking: The Bank offers a wide range of commercial banking, asset management, investments, brokerage, wealth planning and other financial products and services to a large corporate and individual clientele 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. 

The St. Kitts and Nevis Citizenship by Investment Program (CBI, CIP): The Bank is a government licensed International Marketing Agent duly authorized to advise on obtaining the world-renowned St. Kitts and Nevis economic citizenship. The Bank offers 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, we offer debit cards to both individual and business customers. 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 Citizenship by Investment Program (CIP) in St. Kitts and Nevis provides individuals and their entire family members an efficient way to confidentially obtain St. Kitts and Nevis citizenship, including St. Kitts & Nevis passports that allow passport holders visa-free travel to nearly 160 countries worldwide. Key features include:

1. CIP Services Offered Directly Through the Bank: A qualified Bank customer and his/her entire immediate family can obtain St. Kitts and Nevis citizenship in about 90 days.

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

3. Confidential Application: The entire citizenship application process offered through the Bank is strictly confidential.

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

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.

Yes. Nevis International Bank & Trust‘s Citizenship by Investment (CIP) clients are from many jurisdictions worldwide. The Bank offers 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 the applicant’s entire citizenship application process under the strict guidelines of the independent St. Kitts & Nevis citizenship approval process. 

Click here to learn more

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 offered through the 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  

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For a CIP customer, the name on his/her bank account matches 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 by 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 through successful completion.  

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Yes. The St. Kitts and Nevis passport that a client receives through the Citizenship by Investment Program offered through Nevis International Bank & Trust is universally recognized by all nations worldwide. 

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

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]

Click here to learn more

Yes. As a matter of law and policy, Nevis International Bank & Trust adheres to strict customer confidentiality on all client matters. 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. 

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