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Banking Info #211129
02/28/05 01:21 AM
02/28/05 01:21 AM
Joined: Feb 2005
Posts: 168
San Pedro
cindyb Offline OP
cindyb  Offline OP
The information that came up on search here seems pretty dated...and I'm probably gonna open a can of worms, but...
Could anyone make suggestions on which bank to use in San Pedro?
Does anyone have any experience with stateside banks and transfering funds?
As always, any info is appreciated!

Re: Banking Info #211130
03/04/05 10:15 AM
03/04/05 10:15 AM
Joined: Jan 2005
Posts: 84
Toronto, Canada
RICH GUY Offline
RICH GUY  Offline
From what I've been told, anything you transfer over US$5000 into Belize is reported back to the originating country.

I can't recommend a bank, but there are many.

Re: Banking Info #211131
03/04/05 06:33 PM
03/04/05 06:33 PM
Joined: Nov 2002
Posts: 3,484
San Pedro
Sir Isaac Newton Offline
Sir Isaac Newton  Offline
Choosing a bank depends on what services you require.

Offshore, onshore, US dollar, BZ dollar, commerce, privacy, savings, invesment, ...

Transfering funds is easy. Using a licensed Casa de Cambio is a popular option.


Check out my site:
Re: Banking Info #211132
03/04/05 07:28 PM
03/04/05 07:28 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
Ernie B Offline
Ernie B  Offline

Gun Control is Hitting Your Target.
Re: Banking Info #211133
03/04/05 10:36 PM
03/04/05 10:36 PM
Joined: Feb 2005
Posts: 168
San Pedro
cindyb Offline OP
cindyb  Offline OP
Thanks SIN.
We are looking for a good bank that won't charge an arm and a leg to transfer funds from our US account for "living expenses" in Belize, USD to BZD. And a good bank for a small business account BZD only. I was hoping someone could relate good (or bad) experiences with the local banks in SP.
I wish we had enough that we needed privacy...

Re: Banking Info #211134
03/05/05 10:42 AM
03/05/05 10:42 AM
Joined: Nov 2002
Posts: 3,484
San Pedro
Sir Isaac Newton Offline
Sir Isaac Newton  Offline
I would personally recommend Milo's Money Exchange on Pescador Drive.

My stateside friends use Milo's on a regular basis. Very easy.

Milo's 011-501-226-2196, [email protected]

Check out my site:
Re: Banking Info #211135
03/06/05 07:16 PM
03/06/05 07:16 PM
Joined: Mar 2003
Posts: 1,123
San Pedro& Indiana
indygal Offline
indygal  Offline
What we have done is we bring in US dollars, cash and travelers checks. We take them to Forex money exchange, because they give a better exchange then the bank. Then we take the BZ over to Alliance Bank for safe keeping. We use their ATM to get cash out of our Alliance account. We found them to be helpful and lines short. Forex has also cashed personal checks from our US bank.
The problem with the Bank I saw was they gave poor exchange rate and then held the funds for 10 to 14 days when gave them a check from a US bank. I assume you would not have to wait with a wire transfer.
The Banks require 2 letters of reference from your US banks - on letter head in a sealed envelope to open an account. This is not a quick process, so take enough cash with you to get by for a couple weeks. Good luck and enjoy. Indygal

Life is not about waiting for the storm to pass, it's about learning to dance in the rain.
Re: Banking Info #211136
03/06/05 11:32 PM
03/06/05 11:32 PM
Joined: Feb 2005
Posts: 168
San Pedro
cindyb Offline OP
cindyb  Offline OP
Thanks so much everyone for the tips and suggestions!
I'm so spoiled to "online banking", I thought I could just continue to do the same!
Silly, silly girl...

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