|By Nat Miller (New BonaireTalk Poster - Post #1) on Friday, July 9, 2010 - 11:13 am:|
Hello everyone. I have just moved to Bonaire and am loving it already. I am looking for advice on where to start a bank account. I will be most likely be transferring funds internationally with the U.S. so inexpensive wire transfer charges and good exchange rates would be great.
|By Vince DePietro-www.bonairebeachcondo.com (Supreme BonaireTalker - Post #3125) on Friday, July 9, 2010 - 11:47 am:|
Welcome Nat to BT.. I use MCB and have never had any problems with them. As far as transferring funds to the US, well you could also use checks but of course it'll take much longer than a wire transfer. Also you have on line access to all your funds.
|By Robert J. Patch (BonaireTalker - Post #24) on Friday, July 9, 2010 - 12:13 pm:|
Whenever I transfer funds to a Bonaire business, it's always to an MCB account. They must know what they're doing.
|By Barton B (Experienced BonaireTalker - Post #107) on Saturday, July 10, 2010 - 12:33 am:|
I've used MCB for the past few years - until recently (last month), the MCB portion of the wire transfer fee has been $10 USD (wires from USA). The last wire they charged $25 USD - obviously I need to follow up so see if this was a mistake or they decided that inflation forced them to raise their prices by 250% .
|By Ruth van Tilburg (Extraordinary BonaireTalker - Post #1340) on Saturday, July 10, 2010 - 6:36 pm:|
The $/Fls exchange rates are set & controlled, no matter what bank you use. You may want to find out your US bank's "sister" bank on Bonaire (or when you're here, ask what banking partner the local bank uses in the US ). It's just as important to find out how much your US bank will charge you to receive international wire transfers--in my experience, this is the higher of the two.
|By Nat Miller (New BonaireTalk Poster - Post #2) on Saturday, July 10, 2010 - 7:10 pm:|
Hey thanks for all the good info everyone!
|By Bob - RE/MAX Bonaire - bonairehomes.com (BonaireTalker - Post #27) on Monday, July 12, 2010 - 10:25 am:|
|By Nat Miller (New BonaireTalk Poster - Post #3) on Monday, July 12, 2010 - 5:15 pm:|
|By Bob - RE/MAX Bonaire - bonairehomes.com (BonaireTalker - Post #28) on Tuesday, July 13, 2010 - 5:26 pm:|
|By Nat Miller (New BonaireTalk Poster - Post #4) on Thursday, July 15, 2010 - 6:54 pm:|
For anybody interested... I visited MCB yesterday in hopes of opening an account and the three things the accounts manager asked me for were: (1) Passport, (2) Residency Permit, and (3) Proof of Employment (contract or letter from employer). She didn't ask for the bank letter of reference, but seemed pleased that I had it. I didn't have my Residency Permit at the time, but I received that today and hope MCB will have the same requirements when I return tomorrow!!
|By Vince DePietro-www.bonairebeachcondo.com (Supreme BonaireTalker - Post #3138) on Friday, July 16, 2010 - 5:48 am:|
Very strange Nat..We opened an account at MCB about 2 years ago and they just wanted a Passport & bank letter of reference.
|By Susan Davis, InfoBonaire, Bon. Insider (Experienced BonaireTalker - Post #432) on Friday, July 16, 2010 - 8:26 am:|
The banks have gotten much "stickier" on items. I recently opened a new dollar business account at MCB, where I've been a client for 18 years. They needed passport, sedula (resident ID card), plus a Chamber of Commerce registration for the company (they already had this one on file, but wanted a new one), another copy of my business license, the approximate amount of transactions per month, the approximate amount of funds going through the account per month, and a few other things which I can't remember now. The whole process took about two weeks from start to finish.
|By michael gaynor (Supreme BonaireTalker - Post #4130) on Friday, July 16, 2010 - 1:05 pm:|
it may just get worse when the switch to the dollar happens. They will have to make up for lost revenue in what they charge to exchange to guilders.
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