Question 1

What is BankPro?

Accepted Answer

BankPro is a fully digital private banking institution operating in The Bahamas. It is a subsidiary of FxPro Group, a global financial services company with 25 years of experience in trading and investment services. BankPro is regulated by the Central Bank of The Bahamas and holds professional membership with the Association of International Banks and Trust Companies.

The bank offers a comprehensive digital banking platform that combines traditional banking services with investment and trading capabilities. BankPro is designed for both personal and corporate clients seeking multi-currency banking solutions, global transaction capabilities, and integrated investment services.

Question 2

When was BankPro founded?

Accepted Answer

BankPro Limited was incorporated on February 9, 2018, as a company limited by shares in The Bahamas. The bank was originally registered under the name GBO Bank Ltd. before being renamed BankPro Limited.

The bank received its banking license from the Central Bank of The Bahamas in 2021, following extensive regulatory cooperation. The groundbreaking ceremony for BankPro's purpose-built headquarters took place on September 21, 2021, and was attended by John Roll, Governor of the Central Bank of the Bahamas, and Christina Roll, Executive Director of the Bahamas Securities Commission. The bank officially launched its digital banking platform in December 2024.

Question 3

Where is BankPro headquartered?

Accepted Answer

BankPro is headquartered at Lyford Manor on Western Road in Nassau, New Providence, The Bahamas. The bank operates from a custom-built 16,000 square foot office complex at Lyford Cay, a prestigious neighborhood on West Bay Street in Nassau. The $12 million facility was specifically designed for the sole use of FxPro Group and BankPro Ltd.

BankPro also maintains an office in the City of London, United Kingdom, to support its international operations. The bank's business address is listed as Albany Financial Center, South Ocean Boulevard, Nassau, for regulatory purposes.

Question 4

Where does BankPro operate?

Accepted Answer

BankPro operates throughout The Bahamas as a licensed banking institution under the supervision of the Central Bank of The Bahamas. The bank is headquartered in Nassau, New Providence, which serves as the primary operational hub for the institution.

While BankPro is based in The Bahamas, its digital-first business model allows it to serve clients with international banking needs. The bank's multi-currency platform and global transaction capabilities are designed to facilitate cross-border financial activities for both Bahamian and international clients.

Question 5

What services does BankPro offer?

Accepted Answer

BankPro offers a comprehensive suite of digital banking and investment services designed for modern financial management:

Banking Services: Multi-currency accounts supporting over 24 currencies, enabling international transactions at competitive exchange rates. The bank provides both personal and corporate banking solutions with transparent flat-fee structures for global banking activities.

Payment Solutions: Exclusive Visa Platinum cards with customizable spending limits, global acceptance, and enhanced security features. Clients also have access to instant virtual cards for secure online transactions. Multi-currency debit cards allow ATM withdrawals in any supported currency with live interbank exchange rates.

Investment and Trading Platform: Integrated access to over 2,100 stocks and ETFs from major exchanges, including real-time market data from Nasdaq and LSE. Through FxPro Global Markets Ltd., clients can trade over 200 derivatives across multiple asset classes. The platform provides comprehensive portfolio management tools within the same digital banking interface.

Digital Banking: Entirely online account opening and transaction processing through smart devices. The bank operates as a fully digital institution with advanced digital onboarding tools, fraud prevention measures, and mobile banking applications.

Corporate Banking: Specialized solutions for businesses requiring multi-currency management, international payment processing, and integrated treasury services.

Question 6

What makes BankPro unique?

Accepted Answer

BankPro distinguishes itself as a fully digital banking institution that seamlessly integrates traditional banking services with investment and trading capabilities on a single platform. This convergence allows clients to manage banking, trading, and investment activities through one unified digital interface.

The bank benefits from the backing of FxPro Group, which brings $120 million in Tier 1 company capital and 25 years of expertise in financial services. Under the leadership of CEO Andrew Pike, a longtime Fidelity Investments executive, BankPro combines institutional-grade banking with the technological sophistication of a fintech platform.

BankPro's transparent flat-fee structure for international transactions provides clarity and value, particularly for high-value global transactions. The bank's multi-currency capabilities spanning over 24 currencies make it especially suitable for clients with international financial needs. Its state-of-the-art headquarters in the prestigious Lyford Cay neighborhood reflects the institution's commitment to The Bahamas as its operational hub.

Question 7

What type of financial institution is BankPro?

Accepted Answer

BankPro is a licensed banking company under Bahamian law, regulated by the Central Bank of The Bahamas pursuant to the Banks and Trust Companies Regulation Act, 2020. The institution holds a full banking license that permits it to accept deposits and provide comprehensive banking services.

As a digital private bank, BankPro operates as a universal banking institution offering both traditional banking services and investment products. The bank's classification as a "banking company" under Bahamian financial regulations allows it to provide retail and corporate banking services, payment processing, and related financial activities. Its integration of securities trading and investment services is facilitated through its relationship with FxPro Global Markets Ltd., which holds appropriate securities licensing from the Securities Commission of The Bahamas.

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