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1. Is there any monthly maintenance fee for my new account?
  • Our Accounts carry a $10.00 monthly maintenance fee.
  • Checking accounts must maintain a monthly minimum balance of $3,000.00 to avoid a low balance fee of $10.00. Should the balance fall below $1,000 the fee increases to $25.00 monthly.
  • The same applies for our Saving Accounts – Regular Saving and Premium Saving. Should the balance fall below the minimum monthly balance of $500.00 and $5,000.00 respectively the account is levied a fee of $25.00 monthly.
  • Other foreign currency accounts – Canadian, Euro and Pounds Sterling carry a monthly maintenance fee of $15.00 in the respective currency.

2. How do I make deposits to my account?

Deposits can be made by forwarding a wire transfer (using our wiring instruction which is enclosed in the welcome kit; simply insert your account number in the section “For Further credit to”).

3. Do I get a debit card for my new account?
No, we do not offer debit card against our accounts; however, we offer an alternative prepaid card. The prepaid card is purchased with a specific limit (minimum being $500.00 and maximum being $2,500) and once the funds are depleted the card can be reloaded with funds from your bank account held with us. The card has both ATM and Point of Sale capabilities and therefore can be used worldwide where MasterCard is accepted. This card can also be used to make internet purchases.

4. How do I apply for a Prepaid Card?
Complete the application and return it to us via email. Again, the funds to load the card must be available in your bank account for us to issue the card.

5. How do I withdraw money from my account?

Money can be withdrawn from your account by forwarding written instructions via email services@heritageibt.com or by online banking secure message center. The instructions should include your account name, number, personal identification code (PIC), amount of withdrawal, and complete remittance instructions.

6. Can I maintain more than one type of account?
Yes, clients can maintain more than one type of account. Clients are allowed to maintain checking accounts in all four currencies – US Dollar, Canadian, Euro and Pounds Sterling as well as a Saving Account.

7. How do I apply for a credit card account?
Simply complete the credit card application and return to us via email at services@heritageibt.com. Please be aware that our credit cards are 150% cash secured and in order for us to issue the card the 150% cash security must be available in your bank account.

8. How long does it take to issue a Credit Card or a Prepaid Card?
It takes approximately 3 – 4 days to approve and issue the cards.

9. Is my personal information and banking business kept confidential?
Information on accounts is held in strict privacy. However, should the Courts of Belize decide that any depositors’ fund is the proceeds of crime, we will be bound by law to release the source of the funds.

10. Are funds deposited into my account taxed or converted to Belizean currency?
Accounts maintained with Heritage International Bank & Trust are not subjected to any local taxes or exchange control restrictions. Funds are transferred freely into and out of Belize in foreign currencies with no conversion to Belize Dollars.

11. Does Heritage International Bank & Trust have any branches in the United States?
No, we do not have any branches in the United States. Our only office is located in Belize City, Belize.

12. Does the bank offer insurance for deposits?
No, we do not offer insurance on customers’ deposits. As a matter of information, no bank in Belize offers insurance on depositors’ funds. As far as we are aware, in the United States, insurance is offered only for deposit accounts up to $100,000.00. Our bank is regulated by the Central Bank of Belize which sets a liquidity requirement of 24% and a capital adequacy ratio of 9%. Our bank has always satisfied this requirement set by the Central Bank of Belize.