Business / Current Account

Business Current Account

The convenient, reliable and practical way to maintain control of your business. Receive monthly statements with copies of cheques to assist with your reconciliation. Overdraft facilities are also available.

Current Account Highlights

  • Minimum opening balance of ECD $100.00 or USD $1,000.00
  • Monthly statements with cancelled cheques available
  • Overdraft facilities available for working capital needs
  • Electronic transfers available for salary processing
  • Low fees
  • Night deposit, Point of Sale and ATM services available

Account Opening Requirements

Personal information required

Valid photo identification (for each signatory)

For nationals (Grenadian citizens), non-nationals with permanent residence status, nationals (Grenadian citizens) residing overseas – one (1) piece; non-nationals – two (2) pieces

  • National Insurance Scheme (NIS) Card
  • Passport
  • Driver’s license
  • Voter’s identification card
  • National identification card
  • Any state approved identification with a photo and date of birth
Proof of Address (for each signatory)
  • Driver’s license and other valid identification
  • Recent utility bills
  • Credit Card statements or other bank statements
  • Proof of Address Form 
Proof of Income (for each signatory):
  • Financial/bank statements for the past year, for self employed persons
  • Salary slips or job letter for employed persons
  • Bank reference letter, for foreign nationals & non-residents
  • Bank statements for at least the past six (6) months, for self-employed persons & non-residents
  • Evidence of payroll deposit. 
Personal Application Form (for each signatory) Articles of Incorporation/By-laws (Company) Minimum Opening Balance: ECD $100.00 or USD $1,000.00 Certificate of Incorporation (Company) Other required documents (Company) Letter from business

Letter should include:

  • a description of the business
  • an indication of the desire to open the account
  • a list of the named signatories and signing authority (in relation to limits)
Company stamp placed on all signed documents

For non-nationals and overseas applicants

Note for non-nationals and overseas applicants

In addition to the documents above, all non-nationals and overseas applicants should also provide the following:

  • Social security number (for individuals in North America & The United Kingdom)
  • Tax identification number (identification used to file taxes)
  • Cover Letter: Specifying the type of account requested and the signing authority of members on the account. This letter should be signed and notarized like all other supporting documents

All documents not signed in the presence of an employee or forwarded from overseas must be authorized by a Notary Public. Note – All documents must be translated in English.

All United States residents and citizens opening accounts are required to adhere to FATCA regulations.

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