Choice Bank having financial problems?

[JamesNet]

It appears to be a real problem for them

[Terry]

It is obvious to me shit has hit the fan




From the website choicebankltd.com

Ref: SUPD/6635/2/35/1/18 Vol. XVI (I 08)

4 July 2018

To Whom It May Concern

Re: Appointment of New Liquidator

Reference is made to letter dated 29 June 20 I 8 Ref: SUPD/6635/2/35/1/18 Vol. XVI ( I 03) with respect to the appointment of a liquidator for Choice Bank Limited further to the revocation of Choice Bank Limited’s international banking licence.

Please be advised that with effect from 4 July 2018, the Central Bank of Belize has appointed Mr. Cedric Flowers to replace Mr. Henry J. Hazel as the liquidator for Choice Bank Limited in accordance with section 26 of the International Banking Act, Chapter 267, Revised Edition 2011 of the Substantive Laws of Belize and section I 06(5) of the Domestic Bank and Financial Institutions Act, 2012.

Mr. Cedric Flowers has full power and authority to perform the functions of liquidator for Choice Bank Limited with the legal rights and duties as such under the laws of Belize.
Respectfully,

[TheButcher]

Who didn't see that coming months ago

[bestfreeporn]

Epassporte all over again

[TheButcher]

Epassporte all over again

Not as bad a mess in my opinion, at least Paxum started issuing temporary cards to their users, which is nice of them.

[bestfreeporn]

This industry needs to hook up with a major bank and we all use them without these problems

[CanadianChick]

The writing was on the wall months ago

[fantastico]

The choice is obvious now

[Russ]

When will adult peeps learn to use checks and wires, not these third party systems. You recall EPASSPORTE?????????

[born2bewild]

When will adult peeps learn to use checks and wires, not these third party systems. You recall EPASSPORTE?????????

You said what I have been saying for years

[Emil]

If you have a claim to make, read this link https://www.choicebanklimitedinliquidation.com/en/

They are in liquidation

[WhitelabelIT]

If you have a claim to make, read this link https://www.choicebanklimitedinliquidation.com/en/

They are in liquidation

question is, is this just applicable to the central america branch? as I notice that website is for the belize offices.

[AlexO]

My only hope is no one ends up losing their money

[Chaze]

Ouch, hard to believe such a big company can go belly up so fast.

[AlexO]

Unfortunate for Paxum and FirstChoicepay they picked a bank that went out of business.