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#387741 - 09/13/10 10:17 PM Bank Recommendations (best ones)
Sharonee Offline
We are moving from the States to San Pedro and want to place some of our funds in Belizean banks. I've read many different stories about the banks and their safety and am now quite frankly scared to death about making the wrong choice.

Would appreciate guideance from any experienced locals as to what banks you have used and trust and would recommend. Thanks!


#387744 - 09/13/10 10:53 PM Re: Bank Recommendations (best ones) [Re: Sharonee]
Phil Offline
Just pick one that you like the services at - they're all pretty similar and everyone has a favourite or the opposite bad story. Bad stories though are poor service, mistakes, extra fees, queues, etc not totally forfeiture of funds etc.

Most importnantly perhaps is to remember that US$ can always be exchanged for Bz$. Bz$ can almost never be exchanged for anything other than spending them here in Belize. If you are scared use a US$ Checking account, keep the bulk of it in the US and just cash cheques here as and when needed - there are always places to do this from Banks to Business owners. Then once you find your feet and learn the ropes you'll work out the right process for youself.

#387781 - 09/14/10 02:31 PM Re: Bank Recommendations (best ones) [Re: Sharonee]
catdance62 Offline
We use Scotiabank Belize and have been satisfied with their service.

#387799 - 09/14/10 04:54 PM Re: Bank Recommendations (best ones) [Re: Sharonee]
Kayo Offline
I used Scotia for 4 years, and never had any problems.

however, Atlantic Bank is the ONLY bank in Belize that is able to handle United States Social Security direct deposits, so I switched banks last year.

so far, there has been only one problem, Atlantic Bank mistakenly deposited someone ELSE's Social Security into my account.


#387802 - 09/14/10 05:12 PM Re: Bank Recommendations (best ones) [Re: Kayo]
CaptOneIron Offline
I haven't tried it yet but I think British Caribbean Bank can also accept Social Security. I know they accept the checks but I haven't tried the automated system. Also, I agree with others that most of the banks seem fine. I use Belize Bank and so far after almost three years no problems (except excessive lines and lack of knowledge and that kind of thing).
Captain One Iron


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