VBT Bank and Trust Limited is a financial institution offering a broad selection of banking products, trust and investment services.
VBT Bank & Trust, Ltd. has Category B banking license number 87029 issued by the Cayman Islands Monetary Authority. This type of license allows VBT Bank & Trust, Ltd. to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
Becoming a client of VBT Bank & Trust, Ltd. can be done in a few steps:
Due to regulatory requirements VBT Bank & Trust, Ltd. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual VBT Bank & Trust, Ltd. will ask him/her to provide the following documents: passport; proof of address. For corporate clients VBT Bank & Trust, Ltd. will ask to provide corporate documentation as well as information about controlling persons. VBT Bank & Trust, Ltd. may request additional documentation or information depending on the case.
There is no deposit guarantee scheme in the Cayman Islands: in the case of VBT Bank & Trust, Ltd. failure its depositors will not get any compensation.
VBT Bank & Trust, Ltd. is authorized and supervised by the Cayman Islands Monetary Authority.