For those of you that maintain a bank account at Belize Bank they have apparently implemented new procedures regarding incoming wire transfers. Since we were going to be spending six weeks at our condo, I wired funds from my US bank to my Belize Bank account. The wire arrived on March 19th. All was fine until I went online yesterday to pay our BEL bill and found out that they put an "indefinite" hold on those funds, which by the way are guaranteed. I immediately contacted Belize Bank by email and was given the following response:
"Good Afternoon, The Belize Bank Limited San Pedro Branch would like to advise you that they will need to know from you the following information: the nature and source of funds and purpose of transaction for their due diligence. They also need to know from you if there will be more wire transfers of large amounts coming in, so that we can have enough information to release funds. We would appreciate it if in the future you inform us before hand of such transfers and the purpose of same as this is now a requirement."
In my opinion this is just short of confiscation!
I'm happier than a pig in s__t...a foot on the sand...and a Belikin in my hand!