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How do I open a new single account?

In compliance with the Anti-Money Laundering Act, two pieces of identification are now required to open new accounts at financial institutions.

ACCEPTED FORMS OF ID

PRIMARY
  • Barbadian national identification card
  • Valid passport
  • New driver's license card
SECONDARY
  • Government-issued photo IDs
  • Student cards with photo
  • Retail outlets customer card with photo

    TATTERED OR DAMAGED ID CARDS WILL NOT BE ACCEPTED!

Proof of address which can be either of the following: 

  • All utility bills 
  • Gov't Dept. cheques that are posted to the recipients 
  • Post Marked envelopes 
  • Bank Statements 
  • Hire Purchase statements 
  • Letter from landlord accompanied by a rent receipt  
  • Letter from parent or guardian and a proof of address for the parent or guardian 
  • Letters from the Electoral And Boundaries Commission 
(All documents should not be more than 3 months old.) 
 
    * Minimum deposit of BDS $50.00
    * Membership fees of BDS $10.00