Commercial Chequing Account

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A world of convenience and flexibility

Our Commercial Chequing account is specially designed for business persons 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 Identification - valid Passport or Identification Card

Valid Certificate of Business Registration

Board Resolution to establish Account/Letter signed by the Secretary

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

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

One (1) form of Identification owners/signatories - (valid Identification Card or Passport)

Certificate and Articles of Incorporation

Certificate of Registrations/ Trust Deed

Proof of Income – Job Letter/Pay slip or Income & Expenditure Statement if self-employed

Proof of address for business- Utility Bill (Light, Water or Landline bill) issued within the last 8 months)

Certificate of Continuance (for companies registered prior to 1995)

Rules and Regulations
Minutes – if available

TIN Certificate - (also required for foreign nationals working in Guyana)

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

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

One (1) form of Identification for members of the Governing Body and signatories - valid Passport or Identification Card

 

TIN Certificate for    owners/signatories and business

Notice of Address

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

 

Financials for the last three (3) Years/ For start-up entity: Estimated Income & Expenditure for three (3) years

By Laws – (if available)

Proof of Address for members of the Governing Body and signatories - Driver’s Licence, or Utility Bill (Light, Water or Landline bill) issued within the last 8 months

 

 

Notice to Act as Directors and Secretary

TIN Certificate for entity and signatories

 

 

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

 

 

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)
  • Two (2) references for the company. This may comprise of a Banker’s Reference and a Reference from a Major Supplier/Relevant Associate/Relevant Regulatory Agency.

 

For non-nationals
In addition to the above, A Banker’s Reference maybe required for individuals (conditions apply)

The following Note applies to Corporations, Sole Trader/Partnership and Societies/Charitable Organisations.
Note: Additional documents maybe required based on the nature of business.

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