Optimizer Account

Optimizer Account

Invest and enjoy the best of both worlds

Our Optimizer account is specially designed for the serious investor who needs the flexibility of attractive interest and regular monthly transactions.

Tiered interest rate structure offers interest calculated on minimum daily balances of GY$1,000,000: & over and paid on the last working day of each month.

Here are the features of your Optimizer account: Here are the benefits of your Optimizer account:

Republic OneCard/ Republic VISA OneCard

Convenience of 24-hour access to your account via the Blue Machine

The largest ATM network locally

Flexibility of paying for goods and services at over 300 merchants nationwide – no need to carry cash!

FREE Quarterly Statements

To keep track of your account balance

FREE up to the minute access to account information with RepublicOnline and Mobile Banking

No need to leave home or office! Access your account via the internet to:

  • View your:
    • account balance
    • loan balance
    • transaction history
    • statements
  • Transfer funds from one account to another
  • Perform third party transfers to Republic Bank accounts and accounts at other local banks
  • Make payments to your loan
  • Pay your credit card and utility bills, for example, Electricity, Cable, Telephone and Water
  • Initiate international wire transfers
  • Initiate ‘Cardless Cash’ transfer
  • Block/Unblock Republic OneCard/VISA OneCard

No restrictions on deposits

Building a nest-egg is easy!

Interest Rates Service Fees

Below GY$1,000,000 – Nil

GY$1,000,000 – GY$9,999,999 – 0.50%

GY$10M and over – 0.55%


GY$70 per withdrawal at the ATM

Point-of-Sale transactions are Free of charge when done on RB(G)L terminals

Withdrawals performed over the counter – less than or equal to GY$200,000 – GY$300 per withdrawal

What you will need

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

For Companies

Board Resolution to establish Account/Letter signed by the Secretary
Certificate and Articles of Incorporation
Certificate of Continuance (for companies registered prior to 1995)
Articles and Memorandum of Association (for Companies registered prior to 1995)
By Laws – (if available)
Notice of Address
Notice to Act as Directors and Secretary
Most recent Annual Return filed at the Companies Registry/ Declaration of Beneficial Owner/ Letter stating shareholders with ≥10% shareholding and signed by Co. Secretary
Financials for the last three (3) years. For start-up entity: Estimated Income & Expenditure for three (3) years
Proof of Address for Entity - Utility Bill (Light, Water or Landline bill) issued within the last 8 months
One (1) form of Identification for Directors and Signatories - valid Passport or Identification Card
Proof of Address for Directors and Signatories - Driver’s Licence, or Utility Bill (Light, Water or Landline bill) issued within the last 8 months
TIN Certificate for Entity and Signatories
Two (2) Character References for Directors
One (1) form of Identification and proof of address for all persons who directly or indirectly owns ≥10% shareholding

External Companies (in addition to abovementioned)

Evidence of registration with The Registrar of Companies (Guyana).
The required amount to open the account (GY$100,000)

For Individuals

One (1) form of Identification - valid Passport or Identification Card
Proof of Address, Driver’s Licence, or Utility Bill (Light, Water or Landline bill issued within the last 8 months
Proof of Income – Job Letter/Pay slip or Income & Expenditure Statement if self-employed
TIN Certificate (also required for foreign nationals working in Guyana)
The required amount to open the account (GY$100,000)

For non-nationals
In addition to the above, the following item must be presented to establish an account for a Foreign National:

A Banker's Reference (conditions apply)

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