Frequently
Asked
Questions

The Bank accepts customer deposits and payments from around the world. The Bank processes fast wire transfers in multiple currencies via SWIFT (SWIFT code: NIBTKNNE), Fedwire (USD), SEPA, and other payment channels. The Bank’s wire transfer instructions are here. The Bank does not accept physical cash or checks as deposits.

Bank customers can transfer their existing investment portfolio such as stocks, bonds, mutual funds, private equity, and other products to the Bank through our collaboration with global asset custodian banks. The Bank also offers highly customized investment products through a partnership with Rosenblatt Global Advisors LLC, an affiliate of Rosenblatt Securities, the largest investment brokerage firm on the New York Stock Exchange. A Hamilton Reserve Bank customer can view both deposits and investment portfolios on the same bank account statement 24/7.

Personal bank account: An application for a personal bank account can be approved in as little as 20 minutes. A new customer can immediately transact with the Bank by making a wire deposit. Apply for a personal bank account here.

Business bank account: It takes from a few hours to a few days for the Bank to process a business bank account application submitted online with supporting documents. A checklist for a business account is here.

Hamilton Reserve Bank currently serves a large and rapidly expanding global clientele of individuals, family offices, and business customers. Many of the Bank’s customers have multiple personal and business accounts.

The Bank broadly collaborates with industry leaders such as Kroll Inc., Refinitiv World-Check, and LexisNexis WorldCompliance to conduct routine customer background checks during new customer onboarding and ongoing account reviews. The Bank pays such service providers significant upfront fees to pre-qualify each account applicant.

Powered by the latest Temenos core banking technology, Hamilton Reserve Bank has no account application fee, no monthly account fee, no quarterly account fee, no annual account fee, and no minimum balance fee. The Bank charges a one-time, third-party due diligence fee only after a customer account is approved and opened. If an account application is denied for any reason, there is no charge whatsoever to the applicant.

Compared to banks in Switzerland, Singapore, or Liechtenstein, Hamilton Reserve Bank’s services are delivered much faster (fully automated onboarding and wire transfers are self-directed 24/7 by a customer), much more attentive (efficient and hassle-free), transparent, confidential, compliant, and much less expensive. The Bank’s standard fee schedule is immediately available to approved customers. Experience the remarkable service quality at Hamilton Reserve Bank and see the difference from a higher standard.

By law, the Bank is required to protect customer privacy. The Bank maintains strict confidentiality for all relationships with the Bank. Banking with Hamilton Reserve Bank is efficient, competent, confidential, compliant, dependable, and secure.

Hamilton Reserve Bank has both personal and business customers from around the globe and serves some of the world’s most successful families, businesses, and individuals. Our customers seek efficient, modern, dependable, confidential, and hassle-free banking services offered through a strong, fully compliant, and reputable global bank operating at the “speed of Wall Street.” To put it simply, Hamilton Reserve Bank delivers results for its customers and earns their trust every single day.

Through the Bank’s long working relationship with AAA Global Incorporation and Trust Inc., a government-licensed registered agent and trust company for over 30 years. The Bank assists businesses and individuals in forming new entities in Nevis or other jurisdictions worldwide. The typical entity types are Corporation, LLC, Trust, and Foundation. The Bank can open a business bank account for a newly registered entity on the same day of formation. Register a new entity here in total privacy and then apply for a business bank account here.

Banking with Hamilton Reserve Bank is simple: Wire transfers are self-directed online by a customer 24/7 in a secure login environment. The Bank executes wire requests via SWIFT, Fedwire (USD), and other electronic payment rails. Please visit the Bank’s website for wire transfer instructions.

Making a customer deposit is simple: The Bank accepts incoming wires in multiple currencies from more than 150 countries. In general, an incoming wire takes less than 2 business days to credit a customer’s account. Customers have 24/7 real-time access to online banking.

Making a customer withdrawal is simple:  Customer wires are self-directed online by a customer through the Bank’s secure online portal. Bank officers may request supporting documents such as payment invoices or other information relating to an outgoing wire.

Risk mitigation and compliance through advanced Temenos technology: Like other leading banks, Hamilton Reserve Bank collaborates with global compliance experts such as Refinitiv, LexisNexis, and Kroll. The Bank utilizes Straight Through Processing (STP) for customer onboarding and transaction monitoring powered by Temenos, the world’s largest core banking software that runs 80% of the world’s largest banks. Hamilton Reserve Bank has won many technology awards recognizing its advanced and real-time compliance, and risk mitigation capabilities. The Bank has a robust global risk/compliance program meeting stringent BSA/AML/KYC/KYCC requirements.

A pristine compliance history: Hamilton Reserve Bank has never been the subject of regulatory sanctions for compliance violations of any sort around the globe. The Bank maintains a pristine compliance record. Such extraordinary achievements require staff dedication and many millions of USD in investments into the latest financial technology to stay well ahead of dynamic global risk.

The Bank’s robust BSA/AML/KYC compliance starts with biometric verification with 100% accurate customer identity confirmation: During customer onboarding, the Bank requires all applicants to meet identity confirmation through facial recognition technology, matching one’s live selfie image with a valid passport. If an account has multiple authorized signers, each signer must be biometrically verified as well. The Bank also performs real-time activity monitoring to ensure ongoing compliance. An alert triggered during a background scan automatically initiates a multi-step review process led by the Bank’s internal and external risk and compliance team.

A well-trained risk and legal compliance team: The Bank has a large risk and compliance staff able to execute multiple levels of compliance responsibilities, escalating concerned matters to the Bank’s Compliance Committee.

A fully regulated bank subject to rigorous oversight: The Bank is subject to rigorous regulatory oversight. The Bank strictly adheres to high compliance standards continuously endeavoring to meet or surpass a ‘best practices’ approach as measured against leading banking jurisdictions around the globe.

Finally, the Bank cannot and has not conducted business with any countries or individuals subject to U.S., E.U., or UN Sanctions, as well as other applicable sanctions lists. By law, the Bank cannot open bank accounts for residents of Venezuela, Cuba, Iran, North Korea, Myanmar, and certain other jurisdictions sanctioned under the above global sanctions frameworks. Please review the Bank’s global compliance policies for greater details.

The Bank was established on a simple business model: No cash, no checks, no loans, and no customer lending. As a cash reserve bank, 100% of the Bank’s customer deposits are held in cash or government bonds to ensure deposit safety and liquidity at all times.

Internal account transfers are among the most popular account features regularly utilized by our customers. Transferring funds among related accounts under common control are customer self-directed and executed in real-time in a secure login environment. It is fast and simple: Internal account transfers are completed immediately online. For example, available funds in a personal account can be transferred in whole or in part to a business account, or vice versa, so long as both accounts (or multiple accounts) are under common control.

All outgoing wires are self-directed online by a customer in a secure login environment. Our bankers may contact a customer to verify authorization credentials before final processing. Invoices in support of outgoing wires are required. Approved wires can be immediately viewed online 24/7. The Bank’s “Bulk Payment” feature is available for recurring payments to the customer or third party such as processing vendor payments or recurring staff payrolls.

Please review the Bank’s Wire Transfer Instructions for regularly updated information.