Dedicated to providing you with credible information about living overseas
Best Places In The World To Retire Community Questions and Answers about living and retiring abroad

Questions & Answers

Q & A Menu Q & A BY TOPIC
To navigate, use menu bar to the left
Christian Burn of Grand Baymen – Best Places In The World To Retire User Account
Belize Central Bank – Best Places In The World To Retire – International Living
You can transfer funds to your Belize bank account (Belize Central Bank, pictured) via wire transfer. It is very simple. I think the cost for wire transfers are about CA $75, which is charged by the bank from where the money is being wired.
 
As an example, if you want to transfer funds from your Canadian bank account to your Belizean bank account, you have to contact you home branch and tell them that you want to initiate a wire transfer. You have to provide the routing information and swift codes and tell them the amount. It is preferable to make a transaction that is only up to US $5,000 because anything over that amount will require more paperwork. The bank would then start the wire to wherever you are sending it and move the funds to their intermediary bank. Because the funds land in Belize in Belizean dollars, they will do a foreign transaction to switch the currency so that the funds will arrive at the currency of your account.
 
The CA $4,500 that I send becomes just shy of BZ $9,000 less the wire transfer fee that the initiating bank took. It could take four to five working days to complete the transaction. There is a 2:1 fixed exchange rate between the US dollar and the Belizean dollar, which is permanent. US dollars are widely accepted in Belize so you can use them here. 
Kate Corrigan  of Georgetown Trust – Best Places In The World To Retire User Account
Belize dollar coins – Best Places In The World To Retire – International Living
There are several ways to transfer your money to your Belize bank account. It can be done via check or wire transfer.  You can bring in US 10,000 a year physical cash as well. If you bring in more than $10,000 in physical cash a year, you can't bank it. This means that, for example, at Caye Bank, we only accept $10,000 in physical cash per year, per client. You can, however, transfer an unlimited amount of cash via wire to your account in Belize and deposit checks up to $50,000 per check.
 
Wire transfers can be very simple, and you can transfer as much as you like. It usually takes about 1 - 3 days to send the wire and for the money to be received. Every bank charges a different amount.
 
There are fees involved in banking internationally that people don’t expect. We have a monthly fee of $12 and we have a wire transfer fee of $80 to the States and $100 anywhere else per wire going out. If you are wiring money in, the charge is $10.

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

Our Pledge To You

Best Places will present information from the Community in a transparent way, unedited, except to conform with our Conditions of Use.

You can trust that Best Places does not manipulate content to sell you anything. All opinions in the Community Q & A and Expat Stories are those of its authors, not Best Places.

Get Known To The Community

Those who contribute to the Best Places Community are our heroes! And being a Best Places hero is fast, fun, and easy. Just go to Questions & Answers, find your first question to answer, click on it, and then click the Contribute Your Answer To This Question Button. If you’d rather enter a Story, go to Expat Stories and click the Contribute Your Story Button".

Contact/Support

Please contact us. We would love to hear from you! Customer Service
Technical Support
Business Development
Suggestions
Press
Phone: (US) 520-940-0481