Which are the Cards available?

Bank provides two kind of debit cards: Maestro Cirrus and a MasterCard. The MasterCard works on a credit platform so it is fully operational on internet and over the phone as well as POS and ATM's.

Which is the currency of the Card?

The card works only in USD$ but Bank do have multi currency accounts, so clients can transfer internally funds to the card from other currencies.
Which is the maximum to load on the card?
There is no maximum as the cards are linked to a bank account. However Bank reserve the right to request supporting documentation (source of funds) for credits of more than $5,000.
 

Which is the maximum can be withdraw per day?
 

Maximum to withdrawal per day is $2,000 (for both cards). The MasterCard has a POS limit of $25,000/day.
 

Can I deposit money in cash Bank corner when I visit St Vincent?

The Bank does not accept cash. Money must be transferred electronically to Loyal Bank i.e. bank to bank SWIFT transfer.
 

In which country is the Bank licenced?
 

Loyal Bank is licensed in St. Vincent and the Grenadines, which belongs to the British Commonwealth. It is a safe jurisdiction and at the moment Loyal Bank is the largest international bank. Loyal Bank also do have a Representation Office in Hungary.
 

Which is the Bank regulation?
 

Loyal Bank Ltd. is principal Member of MasterCard International Card Association as a Maestro/Cirrus and MasterCard Issuer. As a member of SWIFT, the bank is able to access a secure, encrypted banking network connection to more than 8,000 financial institutions worldwide. It is audited by KPMG. Bank complies with Anti-Money Laundering and Know-Your-Customer Policies. It is regulated by International Financial Services Authority of St.Vincent and the Grenadines www.svgifsa.com  http://www.svgifsa.com/fin_institutions.htm 


How to fund your Bank account?

Instructions for wiring payments in US Dollars to your own bank account at Loyal Bank Ltd:

DETAILS OF BENEFICIARY- WIRING INSTRUCTIONS

Receiver’s Correspondent: COBAUS3X

Intermediary Bank: CommerzBank AG, Frankfurt, Germany
Address of Beneficiary Bank D - 60261 Frankfurt am Main, Germany
SWIFT code: COBADEFF

Beneficiary Bank: Loyal Bank Limited
Address: Cedar Hill Crest, Villa, St. Vincent and the Grenadines, West Indies
SWIFT code: LOYAVCVX
Acc. No. 4008712192

Beneficiary: YOUR FULL NAME
Address: YOUR FULL ADDRESS
Beneficiary account number: YOUR ACCOUNT AT LOYAL BANK

70 Details of Payment: PORPUSE OF PAYMENT.


Note: For the Completion of a Swift/Wire transfer to Loyal Bank Ltd:

1. The Loyal Bank Customer Name, Customer Account Number and Customer ID Number must be included in all inbound SWIFT payments sent to Loyal Bank otherwise credit to the beneficiary might be delayed. Field Details of Payment must be filled out too.