Are you seeking a new, fully regulated banking provider?*
FundBank will onboard your fund, within 48 hours, within receipt of required AML and KYC information.
FundBank provides the speed and technology experience clients expect from modern fintech platforms, but with the stability, governance, and institutional credibility of a fully regulated bank. Unlike non-regulated entities that rely on third-party banking relationships and correspondent arrangements that can change overnight, FundBank operates as a fully licensed banking institution with established correspondent infrastructure and direct regulatory oversight. For institutional clients, fund structures, and digital asset participants, this distinction matters. When counterparties, investors, auditors, and regulators assess operational resilience, they look for a real banking framework — not a technology layer sitting on top of someone else’s licence. Importantly, choosing a regulated bank no longer means sacrificing speed. FundBank’s fully digitised onboarding and AML/KYC processes deliver onboarding times that are second to none, combining institutional-grade governance, security, and reliability with the efficiency and responsiveness typically associated with fintech platforms.
FundBank is the go-to global banking provider for the funds industry. What sets FundBank apart is its deep understanding of the needs of the asset management industry and its investors. By tailoring its bank accounts to the specific needs of the industry, FundBank can provide clients with the flexibility and support they need to achieve their investment goals. And with a highly-experienced team and industry-leading technology, FundBank is able to offer an efficient and seamless account opening process, so clients can start managing their funds as quickly as possible.
Banking for diverse financial transactions
FundBank has the expertise and resources to provide clients with the accounts they need to succeed in the Cayman Islands. And with its correspondent relationships, clients can be sure that their funds are always secure and available, even during market volatility.
When it comes to opening bank accounts for the asset management industry, there is no better choice than FundBank. We offer the following accounts to meet your banking requirements:
Subscription and redemption accounts
Subscription and redemption trust accounts are specialised accounts that are used by hedge funds, venture capital funds, private equity, and real estate funds to manage investor subscriptions, redemptions and disbursements. These accounts are often established and maintained with the help of a fund administrator. A limited activity account with income can also be opened to hold funds in reserve.
Custody accounts
The managers of private funds require a reliable and secure way to receive, hold, trade and deliver fund assets. To serve this need, FundBank provides custody accounts, as well as trade execution accounting and reporting services.
Operating accounts
FundBank can provide operating accounts for managing the daily cash flows of a hedge fund, such as paying salaries, expenses, and fees. These accounts provide basic banking services such as wire transfers and online banking.
We are also able to provide accounts with income for large operating accounts and where necessary, limited activity accounts with income.
Escrow accounts
When a fund is subject to specific conditions or events that require monies to be held in escrow, it is crucial to have a reliable and secure way to hold the associated funds. FundBank can establish escrow accounts to serve most needs.
When a fund is subject to specific conditions or events, such as a merger, acquisition, or settlement, it is crucial to have a reliable and secure way to hold these funds. FundBank can set up escrow accounts used to hold funds that are subject to any one of these types of events.
Why partner with FundBank?
FundBank mitigates bank account risks by utilising comprehensive transaction management systems and controls, developed to exceed the requirements of the global regulatory architecture and financial industry’s best practices.
As a fully regulated bank, FundBank prides itself on being at the forefront of innovation in the banking industry. Our fast and digitised onboarding experience allows our clients to open their accounts quickly and manage them efficiently utilising the FundBank client portal, Sphere.
Our account services are structured to comply with international financial regulations, making them ideal for firms with global operations. We navigate the complexities of cross-border transactions, ensuring legal and regulatory compliance in multiple jurisdictions including the Cayman Islands.
To find out more about your bank account opening needs, please contact your usual FundBank representative, or contact us below:
Frequently asked questions