Compliance Information

Account Opening Requirements


Minimum of one of the following documents:
• National ID card
• Passport
• Driver’s license *(only accepted with another form of valid photo ID)

• Utility bill (not older than 3 months) excluding cell phone
• Other Bank statement (excludes credit union statements or statements from other types of financial institutions)
• Official Government/Tax document (i.e; correspondence from BRA or NIS)
• Rental agreement or contract from Landlord
• Circumstances where the person applying for the account does not have utility bills in his/her name. The Bank will provide an authorization letter for completion by the individual in whose name the bills are generated.

If employed (job letter or most recent pay slip)

• Up-to-date Audited Financial Statements (for the last three (3) years ) OR
• Statement of Affairs and Statement of Income & Expenditure
• For a start-up entity *An opening Balance Sheet & Cash Flow projections (three (3) years)
*Start-up entity refers to entities which have been in operation for less than three (3) years.

The following additional documentation is required:
• Foreign Banker’s Reference OR Bank Statement (within the last 3 months)
• Utility Bill confirming permanent foreign address
• Work Permit /CSME Certificate OR Other official document granting permission for employment
• Missionary Permit/ Student Visa/ Letter of enrollment or acceptance from educational institution in Barbados (for Students only)

*Additional documents may be required depending on the nature of your application.

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