Savings Plus

Savings Plus

Helps you build your nest egg

The Savings Plus account is specially designed for the serious saver who can maintain a monthly balance in excess of $5,000.00
Interest is calculated on the end of day balance and paid at the end of each month on balances of $5000.00 or more.
Here are the features of your Savings Plus account Here are the benefits of your Savings Plus account

FREE OneCard (VISA Debit) Optional

Convenience of 24-hour access to account via the Blue Machine - one of the largest ABM network locally

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

Immediate access to funds in an emergency

FREE trendy OneCard Wallet

Protects your OneCard from damage

No restrictions on deposits

Building a nest-egg is easy!
  • A flat monthly service fee of $5.00.

Cost of ABM transactions at other banks:
  • Cash withdrawal - $3.00
  • Balance enquiry - $1.25
Teller fee of $2.00 apply to transactions less than $2,000.
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What you will need

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

New to Republic Bank?

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

Address verification
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.

Proof of Income/Employment
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.

For Non-Residents/Non-Nationals only
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.

Existing Republic Bank customer (If Remediated)

Two (2) forms of Identification
The required amount to open the account

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