Private banking fees are charged on initial set up and ongoing transactions. We have a detailed fee schedule which is available for your review. In accordance with Barbados offshore banking laws, no client information is ever required to be submitted to any onshore or offshore government authority, thus ensuring client confidentiality. These laws impose harsh monetary and prison penalties on bank employees who disclose confidential client information to third parties. As in most offshore jurisdictions, it should be noted that in certain very rare circumstances where a person has been accused of and convicted for certain criminal activities, authorities may petition a competent court in Barbados to order the bank to disclose information.
All communication is conducted via a password chosen by the client.
Our relationship managers visit clients on a regular basis and it is our belief that face to face is still the best form of communication. Our preferred method of communication is by facsimile because it allows us to authenticate banking instructions with signatures. Telephone, secure E-Mail and postal mail are also acceptable. Our computer system in Barbados is a stand-alone system with encrypted software for electronic mail communication, and a great deal of effort and resources is devoted to maintain the strongest level of computer security. While the bank employs several well-qualified financial professionals, we recognize that the tax circumstances of each client is unique, hence we prefer not to provide tax advice.