Personal Interest Chequing Account

Personal Interest Chequing Account

A world of convenience and flexibility

Our PICA is specially designed for monthly income earners who need the flexibility of a chequing facility.

Interest is calculated on a minimum monthly balance of $25,000.00 and over and paid on the last day of each month.

Here are the features of your PICA : Here are the benefits of your PICA :

– Republic OneCard/Republic VISA OneCard

Convenience of 24-hour access to your account via the Blue Machine

The largest ATM network locally

Flexibility of paying for goods and services at over 300 merchants nationwide – no need to carry cash!

FREE Quarterly Statements

To keep track of your account balance

FREE up to the minute access to account information with RepublicOnline and Mobile Banking

No need to leave home or office! Access your account via the internet to:

  • View your:
  • account balance
  • loan balance
  • transaction history
  • statements
  • Transfer funds from one account to another
  • Perform third party transfers to Republic Bank accounts and accounts at other local banks
  • Make payments to your loan
  • Pay your credit card and utility bills, for example, Electricity, Cable, Telephone and Water
  • Initiate international wire transfers
  • Initiate ‘Cardless Cash’ transfer
  • Block/Unblock Republic OneCard/VISA OneCard

No restrictions on deposits

Building a nest-egg is easy!

Tiered interest rate

More money invested, more interest earned

Interest Rates Service Fees
Current rate: 0.082%

Two (2) free debits are allowed for each GY$25,000 minimum monthly credit balance.  For every additional debit a charge of GY$25 – minimum per month GY$500.

The current minimum overdraft interest for this account is GY$1,000. 
What you will need

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

New to Republic Bank?

One (1) form of Identification - valid Passport, Driver’s Licence or Identification Card
Proof of Address – Driver’s Licence, or Utility Bill (Light, Water or Telephone issued within the last 8 months)
Proof of Income – Job Letter/Pay slip or Income & Expenditure Statement if self-employed
TIN Certificate - (also required for foreign nationals working in Guyana)
Two (2) Character References
The required amount to open the account (GY$5,000)

For non-nationals
In addition to the above, the following item must be presented to establish an account for a Foreign National:

A Banker's reference


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