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A value package designed for persons 60 +
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The DIC is responsible for managing the Deposit Insurance Scheme which protects small depositors in Guyana.
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You can use this service to transfer and receive funds for both business and personal reasons.
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Exporters Retention Account
This account is available to Guyanese exporters who require imported inputs/stock for production. In addition, this account is also available to exporters with external loan obligations.
These accounts must be maintained in United States or Canadian Dollars or Pounds Sterling. And prior approval must be granted from Bank of Guyana before these accounts are established.
The account's interest is calculated quarterly on the minimum balance and paid quarterly, March, June, September and December.
- Withdrawals can be done in person or by letter of authorization
- Cash deposits are not permitted
Interest Rate |
Service Fees Guide |
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US$ : Pounds Sterling: |
Interest on overdrawn balances is chargeable at a rate of 4% above the cost of funds – Minimum US$20 or equivalent, eg. CAD Hold Statements – US$5 or equivalent eg. CAD per statement per month
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Please visit or contact your nearest Republic Bank Branch for further details regarding our Service fees.
Before visiting our branches, ensure you have the following documents:
Letter requesting the establishment of account
A valid Foreign Passport
Proof of Address – Driver’s Licence, or Utility Bill (Light, Water or Landline bill issued within the last 8 months)
Proof of Income – Job Letter/Payslip or Income & Expenditure Statement if self-employed
TIN Certificate - (only required if a foreign national is working in Guyana)
A Banker's Reference (conditions apply)
No initial deposit required
In addition to the above, the relevant company documents must be presented to establish this account. Please visit or contact your nearest Republic Bank Branch for further details.
Contact Us
You can reach us anytime at:
(592) 226-1691-6
Non-Resident Foreign Currency Account
This account is available to non-residents only and is maintained in United States or Canadian Dollars or Pounds Sterling.
Individuals seeking to establish this type of account must have resided out of Guyana for a period exceeding one (1) year immediately before the establishment of the account.
The account's interest is calculated quarterly on the minimum balance and paid quarterly, March, June, September and December.
Features
- Withdrawals can be done in person or by letter of authorization
- Cash deposits are not permitted
Who can apply?
- Citizens of Guyana residing permanently overseas
- Citizens of other countries residing temporarily in Guyana
- Citizens of other countries residing in Guyana as an employee of a diplomatic mission or international organisation
- A company or other corporate body, incorporated and operating outside of Guyana with branches in and out of Guyana
Interest Rate |
Service Fees Guide |
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US$ : Pounds Sterling: 3,000 and over - 0.80% |
Interest on overdrawn balances is chargeable at a rate of 4% above the cost of funds – Minimum US$20 or equivalent, eg. CAD Hold Statements – US$5 or equivalent eg. CAD per statement per month
|
Please visit or contact your nearest Republic Bank Branch for further details regarding our Service fees.
Before visiting our branches, ensure you have the following documents:
Individuals:
A valid Foreign Passport
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
A Banker’s Reference (conditions apply)
Company/Corporate Body:
In addition to the above, the relevant company documents must be presented to establish this account.
Financial Statement for the last three (3) Years or Estimated Income & Expenditure for three (3) years
Most recent Annual Return filed at the Companies Registry/ Declaration of Beneficial Owner/ Letter stating shareholders with ≥10% shareholding and signed by Co. Secretary
TIN/VAT Certificate
Two (2) Character References for Directors
Proof of Address for Signatories & Directors
A valid Passport for Signatories & Directors
TIN Certificate for Signatories
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.
Contact Us
You can reach us anytime at:
(592) 226-1691-6
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