Current Account

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A world of convenience and flexibility

Our Current account is specially designed business person and companies with greater flexibility than a savings account.

No interest is earned on this account.

Two (2) free debits are allowed for each GY$50,000 minimum monthly credit balance. For every additional debit, a charge of GY$25 – minimum per month GY$1,000. The required amount to open account (GY$5,000).

Individual/Joint Account
  • Ability to issue cheques and overdraft facilities available
  • Republic VISA OneCard and access to ATM transactions
  • Free registration for RepublicOnline
  • Statements produced daily, weekly or monthly
Sole Ownerships or Partnerships
  • Ability to issue cheques and overdraft facilities available
  • Republic VISA OneCard and access to ATM transactions (applicable to Sole Owner business only)
  • Free registration for RepublicOnline
  • Statements produced daily, weekly or monthly
Corporations
  • Ability to issue cheques and overdraft facilities available
  • Free registration for RepublicOnline
  • Statements produced daily, weekly or monthly
Societies or Charitable Organizations
  • Ability to issue cheques and overdraft facilities available
  • Free registration for RepublicOnline
  • Statements produced daily, weekly or monthly

We have provided simple financial tools and templates for you!

TEMPLATES:
Financial Statements – Business in operation more than 1 year
Financial Statements – Business not yet operational or in operation less than 1 year
What you will need

Before visiting our branches, ensure you have the following documents:

Individual or Joint Account

Sole Ownership or Partnerships

Corporations

Societies or Charitable Organizations

One (1) form of valid Identification -  (Identification Card, Driver's License or Passport)

Valid Business Registration

Certificate  and Articles of Incorporation

Letter from Parent Body requesting the establishment of account (where applicable)

Two (2) Character References for all parties to the account

One (1) form of Identification owners/signatories - (valid Identification Card, Driver's License or Passport)

Certificate of Continuance (for companies registered prior to 1995)

Certificate of Registrations/ Trust Deed

Proof of address – Driver’s License or Utility Bill (Light, Water or Telephone issued within the last 8 months)

Two (2) Character References for owners/signatories

Articles and Memorandum of Association (for companies registered prior to 1995)

Rules and Regulations
Minutes – if available

Proof of Income recent Job Letter or Pay slip. If self-employed Income & Expenditure Statement for the last year.

Proof of address for the entity- Utility Bill (Light, Water or Telephone issued within the last 8 months)

Notice and Consent to Act as Directors and Secretary

One (1) form of valid Identification for all signatories - (Identification Card, Driver's License or Passport)

TIN Certificate

Proof of address for the owners/signatories – Driver’s License or Utility Bill (Light, Water or Telephone issued within the last 8 months)

Notice of Address

Two (2) Character References for all parties to the account

 

TIN Certificate for entity and owners/signatories

By Laws – (if available)

Proof of address for the entity – Utility Bill (Light, Water or Telephone issued within the last 8 months)

 

Financials for the last three (3) Years/ For start-up entity: Opening Balance Sheet and Cash Flow Projection for one (1) year

Board Resolution to establish Account/ Letter signed by the Secretary

Proof of address for all parties to the account - Driver’s License or Utility Bill (Light, Water or Telephone issued within the last 8 months)

 

 

One (1) form of valid Identification for Secretary, Directors and Signatories -  (Identification Card, Driver's License or Passport)

TIN Certificate for entity and all parties to the account

 

 

Two (2) Character References for all parties to the account

Financials for the last three (3) Years/ For start-up entity: Opening Balance Sheet and Cash Flow Projection for one (1) year

 

 

Proof of address for the entity – Utility Bill (Light, Water or Telephone issued within the last 8 months)

 

 

 

Proof of address for Secretary, Directors and Signatories – Driver’s License or Utility Bill (Light, Water or Telephone issued within the last 8 months)

 

 

 

Financials for the last three (3) Years/ For start-up entity: Opening Balance Sheet and Cash Flow Projection for one (1) year

 

 

 

Most recent Annual Return filed at the Companies Registry

 

 

 

TIN Certificate for entity and signatories

 

For non-nationals

In addition to the above, the following item must be presented to establish this account:

  • A Banker's reference
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