Best Banks In Belize

Table of Contents

Benefits of a Belize offshore banking account

Privacy & asset protection

Belize has strict bank secrecy laws that protect the confidentiality of bank account holders. This makes it easier for governments, creditors, and other parties to access financial information with a valid court order.

Quick opening process

In general, opening a bank account in Belize is relatively time-efficient. If you have all the necessary documentation and meet the bank’s requirements, opening an account in a matter of days or even within a few hours is possible. Some banks may offer online account opening options, which can be even faster.

High liquidity rates

Belize bank liquidity rates are at least 24%, significantly higher than typical American ones. This means that if one bank in Belize encounters an issue and is unable to fulfill withdrawals, it is unlikely to impact the other banks in Belize in the same way.

Low deposit

Bank accounts in Belize can be opened with as little as $500 in deposits. It’s clear to see that This is significantly lower than the amount required by many banks in Hong Kong or Singapore, which typically ranges from $10,000 to $100,000.

Diverse currency options

Belize offshore banks can hold multiple currencies, allowing individuals and businesses to minimize currency conversion fees. A 2:1 ratio between the Belize dollar, the official currency, and the US dollar is a barrier against unexpected fluctuations.

For additional details on reasons to choose Belize for offshore banking, visit our dedicated article and learn helpful tips.

Best banks in Belize to open business accounts

Belize’s top banks offer a variety of financial services to meet the needs of both individuals and businesses. The Central Bank of Belize regulates these banks to ensure that they comply with the country’s banking standards.

Some of the best banks in Belize include the following names:

Belize Bank Limited – A suitable option for Belize residents

Belize Bank Limited (BBL) is one of the largest and oldest banks in Belize. This bank provides a range of financial services to both domestic and international customers: personal and business banking, international banking, investment services, insurance services, and offshore banking in Belize.

Pros of Belize Bank Limited

  • 11 branches/offices with a vast distribution network in Belize
  • Various services are provided for worldwide uses: wire transfers, card products, merchant services, certificates of deposit, financing, online cheque imaging, etc.
  • Convenient online and mobile banking service
  • Mainly focused on residents, compatible with business owners living in Belize
  • Strong presence in the Belizean commercial banking industry

Cons of Belize Bank Limited

  • Belize Bank’s services are mostly focused on residents and domestic customers
  • The number of investment banking options is limited


  • For savings account: a minimum initial deposit of $100 is required.
  • For salary accounts: a $20 deposit and employment letter are required.

It is recommended that Personal Savings Account holders maintain a minimum balance of $150, and Bonus Savings Account holders should maintain a minimum balance of $1,000.

Stay informed about the current fees with BBCIncorp

Contact us for more details on the fee schedule associated with your account. This will help you make an informed decision about whether Belize Bank is the right financial institution for your needs.

Who should open a Belize Bank Limited bank account?

  • Resident of Belize: If you are a resident of Belize and are seeking a local banking solution to manage your finances, Belize Bank Limited is a suitable option. With its numerous branches and a wide range of banking services, it offers convenient access to your accounts and facilitates various financial transactions.
  • Entrepreneurs doing business in Belize: For entrepreneurs looking to establish and operate a business in Belize, Belize Bank can be a valuable partner. It can assist in efficiently managing day-to-day financial activities by providing 24/7 reconciliation of accounts and transactions. Additionally, their enhanced business payment services make it easy to handle payments to multiple vendors.

Caye International Bank Ltd. – A beneficial choice for global investors

Caye International Bank (CIB) is by far the most preferred bank to work with and is considered the most diverse bank in Belize. Their Class A bank license permits financial services with individuals and corporations outside of Belize.

Several awards and recognition of this service provider are the “Best Offshore Bank for CARICOM 2021” as awarded by International Investor Magazine, the “Best Private Bank in Central America” for 2021 and 2022 as awarded by Global Banking & Finance Review, etc.

Pros of Caye International Bank

  • The smooth and straightforward process that can be done online
  • User-friendly platform with help 24/7 for online banking services
  • Gold storage and investment options are available
  • Thorough wealth management services, including investment advisory services and portfolio management

Cons of Caye International Bank

  • Online wiring system might be outdated and not as quick
  • Possibly higher fee rates


Caye International Bank provides competitive pricing for its services and support. Whether you choose a demand deposit or savings account, you’ll only need a nominal opening balance of $1,000.

In terms of fees, Caye International Bank charges an Application Fee of $100, a FATCA Fee of $250, and a Monthly Service Fee of just $14.50, all in USD. For detailed information on rates for specific services, it’s advisable to visit their website in advance.

Who should open a Caye International Bank Ltd bank account?

  • Investors: Caye International Bank Ltd is an ideal choice if you’re looking primarily for an investment account. As mentioned above, they even offer gold investment, gold loans, financing, and so much more for investors and entrepreneurs.
  • U.S citizens: Since Caye International Bank’s procedures adhere to U.S. regulations, U.S. entrepreneurs may find them useful. However, it is important to conduct thorough research and consider individual financial goals and needs before making any decisions regarding Belize offshore banking.

Secure your business future with an offshore account

An offshore bank account helps ensure the financial stability of your business. Explore our Belize bank account services today!

Atlantic Bank Limited – Personalized banking services for customers

The Atlantic Bank Limited focuses on providing personalized service and tailored financial solutions to its customers and offering convenient and accessible banking services.

With a solid reputation for stability and reliability, the bank offers personal and commercial banking services such as savings accounts, certificates of deposit, checking accounts, loans, credit cards, etc.

Pros of Atlantic Bank Limited

  • Staff members are well-trained to handle any issues that arise from international accounts, including FATCA.
  • It is regarded as a trusted provider of financial services in the region
  • Free online bill pay with any Visa or MasterCard Credit Card
  • Corporate online banking is free of cost

Cons of Atlantic Bank Limited

  • Stricter and much more detailed procedures
  • Less unique investment opportunities or diversification options
  • For personal and corporate online banking, a visit to their customer service representatives to fill out an application form is required.
  • Transaction fees are charged for Payroll, Payments to Suppliers, and Third Party Transfers

A minimum initial deposit of $10, $20, or $500 depending on the type of savings account being opened. There will be a $27.25 service charge for any account closed within 90 days of opening.

Who should open an Atlantic Bank Limited bank account?

  • E-commerce business owners: One of Atlantic Bank’s strengths is its e-commerce services such as Point of Sale (POS), Payment Gateway, and E-Packaging. Multiple payment options are available, including Visa, MasterCard credit, and debit cards. Furthermore, transactions are done in rere-time, so there is no risk of disconnection once company bills have been paid on time.
  • Hotel service providers: Atlantic Bank’s Hotel Internet Reservations System service allows the hotel to process online credit card payments at the exact moment with no extra commissions. Hotels and resorts wishing to expand their customer base by accepting reservations online or targeting foreign customers via the Internet will find the features helpful.

Heritage Bank Limited – Innovative solutions with enhanced technology

Heritage Bank Limited is known for its commitment to using technology to provide innovative financial solutions and enhance customer experience. This means features such as online and mobile banking, which make it easy for customers to manage finances on the go.

You will be pleased to know that besides being innovation-centric, Heritage Bank is making a positive impact in the communities, and is a strong advocate of sustainability and corporate social responsibility.

Pros of Heritage Bank Limited

  • Customers receive personalized consulting sessions and solutions
  • You can process instant transactions online or through Digicell SMS Bundles with a computer or a mobile device
  • Innovative banking services by utilizing technology
  • Free ATM cards accepted at all Heritage and Credit Union ATMs, free online banking, and free bill payments

Cons of Heritage Bank Limited

  • A limited number of ATMs (than others in this list)
  • You have to visit one of their branches to fill out an application form for online banking and a few other services
  • To open a new savings account, non-residents have to possess a valid passport and a banker’s reference from an established financial institution.

The minimum initial deposit of $50 for a savings account. Inactive accounts are charged $10 after 12 months without any transactions. When there is no activity for 18 months, it will become dormant, and a fee of $30 will be charged annually.

You can refer to the Heritage Bank Limited’s business banking website for more references.

Who should open a Heritage Bank Limited bank account?

  • Small business owners: Heritage Bank Limited may offer special services and support for small businesses such as business loans, merchant services, financial advice, consulting, etc. This can be a huge benefit for entrepreneurs and business owners who are new to the market.
  • Business that want to accept credit and debit cards: With the merchant account service from Heritage Bank, your potential transaction volume will be assessed and the lowest feasible rate is likely to be achieved. The application process is simple, meaning your Point Of Sale merchant account can be approved within two business days.
Discover all available business banking options and see your success rate with our tool.

How to open a Belize bank account remotely


Belize offers the opportunity to open a business bank account to anyone who meets the eligibility criteria. These criteria generally consist of the following:

  • Age requirement: Applicants must be at least 18 years old to open a Belize bank account remotely.
  • Identification: A valid government-issued photo ID, such as a passport or national ID card, is typically required for identity verification.
  • Proof of address: Applicants must provide evidence of their current address, which can be in the form of a utility bill or a bank statement in their name
  • Financial Information: Some banks may request proof of income or financial stability from applicants as part of the account-opening process.
  • Signature: To complete the account-opening procedure, applicants will be asked to either sign a signature card or provide a sample of their signature for verification purposes.

Opening prcess

Opening a business banking account in Belize remotely follows a relatively straightforward process. Here are the general steps involved:

  • Choose a service provider: Begin by selecting a suitable banking institution or service provider in Belize.
  • Review requirements and prepare documents: Familiarize yourself with the specific requirements of your chosen bank and gather all necessary documents as outlined in their application guidelines.
  • Complete and submit your application: Fill out the bank’s application form and submit it along with the required documentation.
  • Fill out and submit your application

For a detailed online process of opening a bank account in Belize, you can refer to our dedicated guideline.

Key takeaways

If you are a foreigner seeking a Belize offshore account, you may already have a brief understanding of how these banks can benefit your enterprise through their banking services after reading this article.

With that being said, here are some important takeaways:

  • The best banks in Belize: Belize Bank Limited, Atlantic Bank Limited, Heritage Bank Limited, and Caye International Bank Ltd.
  • 5 benefits Belize banking services: privacy & asset protection, quick opening process, high liquidity rates, low deposit, and diverse currency options

If you’re interested in opening a Belize bank account or incorporating a Belize company with full banking services, contact our support team via or chat with us for practical advice on your specific situation.

Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.

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