Commercial Chequing Account

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).

  • 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
  • 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
  • Ability to issue cheques and overdraft facilities available
  • Free registration for RepublicOnline
  • Statements produced daily, weekly or monthly
  • 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)

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

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 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)

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

Rules and Regulations
Minutes – if available

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 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 for entity and owners/signatories

Notice of Address

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

By Laws – (if available)

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)

 

 

Board Resolution to establish Account/ Letter signed by the Secretary

TIN Certificate for entity and all parties to the account

 

 

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

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

 

 

Two (2) Character References for all Directors

 

 

 

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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