Convenient Personal Account with a Bank in Vanuatu

Why open a bank account abroad if there are plenty of banks to choose from in your home country? Well, it is true that opening a foreign account may require more effort. However, it will give you an opportunity to switch to another source of money if your main account is blocked, get access to far more investment projects, and protect your assets in a more reliable way. That is not all, of course, but you would probably agree that diversification is the key to financial safety, which means that a foreign bank account is a must.

In this article, we will consider opening a private bank account with a bank in Vanuatu, all the advantages of this choice, the terms offered by the bank, and the effort you will have to take. However, Vanuatu is not the only opportunity, and choosing the right destination to entrust your money to may be a bit of a challenge sometimes. How to avoid mistakes and select the most suitable option?

We know that many customers struggle with the choice of a jurisdiction and a bank. With that in mind, we offer a free consultation for selecting a foreign bank account. You can follow the link to book a session with our expert and get qualified help in choosing a country to open a personal or corporate bank account. We will analyze your situation (the country of residence, banking needs and preferences, the amount you are going to deposit, the currency, and so on) and shortlist the best opportunities for you. The right choice is definitely worth the effort!

A Bank in Vanuatu: Overview

The private banking institution established in Vanuatu in 1997 has become one of the major banks in the Pacific region licensed to carry out international activities. In 2023, potential customers have an opportunity to open an account here online and take advantage of asset management services and profitable international investment projects.

The Vanuatu bank we offer is a great institution that attracts wealthy customers from all over the world and works hard to develop interesting solutions for professional investors and a wide range of banking products. 

Namely, you can:

  • Get a prepaid MasterCard card
  • Set up a personal or corporate account
  • Establish a trading account
  • Open a fixed-term deposit account
  • Use different currencies to complete incoming and outgoing transactions
  • Order investment portfolio management services

And much more!

Some customers know very well what mix of services they want from the bank. If you are one of them, do not hesitate to click on the above link to book a session with our expert. Knowing your needs simplifies the work for us but complicates it for you as it takes time to find the right option if you don’t know the market. We will spare you the time and effort – and we will do it for free!

Vanuatu Bank: Products and Services

The private bank we recommend mainly focuses on three directions:

  • Wealth management
  • Asset management
  • Personal banking services

Wealth/Asset Management

Asset management requires professional assistance, and that’s where Vanuatu bank specialists come in useful: they work with individuals, companies, and families to help their money and other assets work in the best way they can. The bank specialists will propose taking an individual consultation to develop a strategy tailored to your needs and preferences – and then realize it.

If you want to delegate the management of your assets to professionals, you can take advantage of the discretionary portfolio management service. It will help you forget about management efforts as you will have someone to take care of them.

Personal Banking Services

Let’s look at the banking services offered to individuals and the rates/fees you may expect.

Savings Account

Savings accounts remain popular as they are a very safe way to obtain passive income (even though they will not provide exorbitant profits comparable to investments with a much higher risk). 

Account in euros:

  • If the amount you deposit is less than 100,000 euros, you can get 0.80% in 12 months
  • The amount from 100,000 to 1 million euros will bring you 1% over the same period
  • And if you deposit more than 1 million euros, the interest rate will equal 1.2%

Account in US dollars:

  • The amount less than 100,000 US dollars will yield 1.8% in 12 months
  • The amount ranging between 100,000 and 1 million US dollars will give you 2%
  • And if the deposited amount exceeds 1 million US dollars, the interest accrued will be 2.2%

You also have a possibility to deposit your funds for a shorter period (1 or 6 months) – however, the rates will be lower. If you are interested in this kind of investment, please get in touch with our experts by following the above link to find out the details.

Prepaid Cards

A MasterCard card will give you the following advantages:

  • You can use it at any ATM in any country provided that it has a MasterCard logo on it
  • If you use trade outlets or any online services, the card will give you the possibility of making transfers and settlements
  • You will not have to submit any regular reports
  • You will access your account on a 24/7 basis from any country
  • The top-up possibilities are wide, and the fees are quite reasonable
  • If you need a monthly account statement, you can get it online or receive a paper copy upon request
  • Card currencies may vary greatly

Any account opened with the recommended private bank in Vanuatu will give you an opportunity to join a MasterCard to it.

Help with Opening a Bank Account

Interested in the opportunity of opening a bank account abroad? Our specialists will help you minimize the efforts at an affordable fee! Here is the procedure for account setup with our help:

  • Contact us using the above link to book a session
  • Pay the invoice we will draw up to remunerate our services
  • Collect the documents according to the list we will provide and fill out the forms following our recommendations
  • Wait for approval and start using your account and all the services that the bank may provide

If you are at the point of life when you feel that your assets need diversification, please click on the above link to benefit from the best options available!

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