Frequently Asked Questions (FAQ)

Banking with Nevis international Bank & Trust made easy

Nevis International Bank & Trust is a fully regulated and duly licensed leading global banking conglomerate headquartered in the Federation of St. Kitts and Nevis, a short distance south of Florida USA. The Bank’s Asset Management ETF business is listed on the New York Stock Exchange (NYSE Stock Symbol: VSL).

NIB&T maintains a spotless regulatory history, a top compliance program advised by Kroll, exceptionally high capital ratios (CET1 nearly 100%), and serves a large client base from around the world.  

The Bank processes deposits and payments in all major currencies via SWIFT (SWIFT BIC: NIBTKNNE). The Bank also accepts customer deposits from other institutions of the existing investment portfolios such as stocks, bonds, mutual funds and other financial instruments. The Bank’s Asset Management clients have access to Visa debit cards and other cash management solutions.

The Bank has NO account application fees, No monthly or annual account maintenance fees, and NO minimum balance fees. 

NIB&T opens three types of bank accounts: 

(1) Personal Account 

(2) Personal Private Banking Account: Private banking clients have dedicated private bankers offering a wide range of tailored solutions and services 24/7. The minimum deposit for a Private Banking account is US$1,000,000. 

(3) Business Account: The Bank opens business accounts for entities registered in many jurisdictions worldwide (subject to compliance approval).

Total Solutions: New Business Formation + New Business/Personal Bank Accounts + Privacy: The Bank assists customers in registering new business entities in Nevis (achieved in less than 3 days) and other jurisdictions. New entities formed through the Bank are qualified to have both business and personal bank accounts. 

A Simple Bank Account Application Process: Complete and submit the Bank Account Application Forms.

Make A Deposit or Withdrawal: NIB&T processes wires through SWIFT. The Bank does not accept cash as deposit. 

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

The Bank typically opens customer bank accounts in less than 15 days as bank officers assist clients in completing their applications. An approved customer is required to make an initial deposit within 5 business days after an account is opened. 

Customer Acceptance: 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 successful customer acceptance, payable to the Bank only after a client’s bank account is opened and ready to transact business. If, for any reason the Bank is unable to approve an account application, the Bank absorbs all customer onboarding costs and the account applicant owes nothing to the Bank.  

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

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

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 business via SWIFT through the Bank’s 5 global correspondent bank gateways. NIB&T transacts business in multiple currencies. Customer wire transfer details are as follows: 

SWIFT Nevis International Bank & Trust Ltd.
Bank Address: NIBT Center, Jessups Estate, Nevis, St. Kitts & Nevis
SWIFT Code: NIBTKNNE
Customer Name:  
Customer Account #: 

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 may be transferred to the Bank.   

Bank Wires: NIB&T’s customers make deposits in all major currencies via SWIFT wire transfers (SWIFT Name: Nevis International Bank & Trust Ltd.; SWIFT Code/BIC: NIBTKNNE). The Bank does not accept cash as deposits.  

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

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 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. 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%. NIB&T provides unparalleled safety of customer deposits.

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 around the world.

The Bank can be easily located on Google map. Welcome to Nevis and welcome your visit to NIB&T.   

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

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

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, 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) 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 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, subject to the government’s background checks and due diligence.

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] 

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 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 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

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  

Click here to learn more

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 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 through successful completion.  

Click here to learn more

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. 

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

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. 

Click here to learn more

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