Frequently Asked Questions

Welcome to the C.O.B knowledge base

Membership FAQs

Here you’ll learn more about opening an account, how to check your balances, transaction limits at ATMs and Point of Sale, transaction fees and more!

Loans FAQs

Have questions about applying for one of your loan options? Perhaps need a little more clarity on loans payments and how they work. Learn about your loan eligibility, needed information and more!

Mortgage FAQs

So you’re ready for your new home…what’s next? Here you’ll find answers about mortgage payments and how they work. Learn about your eligibility, key mortgage terms to get your journey started.

Line of Credit FAQs

Find out more about how a Line of Credit (LOC) works, key terms you should know and requirements to get started!

Retirement FAQs

It’s never too early to start planning for your retirement. Learn how C.O.B helps you easily and securely get your retirement plans in action and invest in your future.

Debt Management

FAQs about debt consolidation, what to do and who to contact at C.O.B for your debt needs.

Learn more about memberships at C.O.B

Banking Details for Incoming Telegraphic Transfers & RTGS
US Currency

* N.B. items in bold are important

RequirementDetails
Intermediary Bank:Bank of New York 
Address:One Wall Street
New York, NY 10043
Swift Code:RVTUS3N
Account with Institution:Republic Bank Barbados Limited, Broad Street, Bridgetown
Swift Code:BNBABBBB
Our Account No:028011762005
Beneficiary Name:City of Bridgetown Co-Op credit union
For further credit:Name and account number held with the credit union
GBP Currency

* N.B. items in bold are important

RequirementDetails
Intermediary Bank:Citibank – London
Address:Citigroup Centre/Canary Wharf
33 Canada Square E14 5LB
London UK
Swift Code:CITIGB2L
Or Sort Code:18 50 08
Account with Institution:First Citizens Bank (Barbados) Limited
Swift Code:FCTTBBBB
Our Account No:10423890
Beneficiary Name:City of Bridgetown Co-Op credit union
Beneficiary Account number:50000067938
For further credit:Name and account number held with the credit union
CAD Currency

* N.B. items in bold are important

RequirementDetails
Intermediary Bank:Bank of Montreal
Address:Floor 3, 234 Simcoe Street
M54 1M6, Toronto Canada
Swift Code:BOFMCAT2
Account with Institution:First Citizens Bank (Barbados) Limited
Swift Code:FCTTBBBB
Our Account No:31691057138
Beneficiary Name:City of Bridgetown Co-Op credit union
Beneficiary Account number:50000067938
For further credit:Name and account number held with the credit union
ECD Currency

* N.B. items in bold are important

RequirementDetails
Intermediary Bank:Bank of Nova Scotia
Address:Fort Street, Basseterre, St. Kitts
Swift Code:NOSCKNSK
Account with Institution:First Citizens Bank (Barbados) Limited
Swift Code:FCTTBBBB
Our Account No:51365833
Beneficiary Name:City of Bridgetown Co-Op credit union
Beneficiary Account number:50000067938
For further credit:Name and account number held with the credit union
Are there fees associated with my transactions?

Yes, see the chart below for more details

Cost Recovery Chart
Transaction ItemFee
On us ATM transactions$0.00
Foreign ATM transactions$3.00 (Max)
Point of Sale transactions$0.00
Replaced damaged cards$10.00
Internet, Mobile and telephone service fees$0.00
Statements and Special Letters$10.00
Bulk coin processing5% of cash counted
Deposits and loan payments$0.00
Photocopies of legal documents$0.25
Request to retain custody of legal documents$300.00 annually
Cheque request$7.50 per cheque
Business accounts-incorporated$10.00 service charge monthly
Business accounts unincorporated$5.00 service charge per month
Business loans processing fee0.125% of loan granted
Research fee$50.00 refunded where C.O.B is liable
Returned cheques$30.00 plus 100% of all service fees
Standing order set up$10.00
Standing order fee$10.00
Annual inactive account notice$5.00
Stop Payment$15.00 plus 100% of all service fees
Internal account transfer$1.00
All fees quoted here are in Barbados Dollars (BBD)
Foreign ATM fee schedule
Foreign TransactionFee
Withdrawal$1.20 plus 1% of the amount withdrawn. Maximum fee of $3.00
Balance Inquiry$2.00
Failed transaction$2.00
Insufficient funds$2.00
Mini statement$2.00
All fees quoted here are in Barbados Dollars (BBD)

Learn more about Loans at C.O.B

Learn more about Mortgages at C.O.B

Learn more about C.O.B’s Line of Credit

Learn more about Retirement Planning with C.O.B

Learn more about Debt Management with C.O.B

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