Customer FAQs BiMPay Instant Payment Service

BiMPay is a new national instant payment service introduced by the Central Bank of Barbados. It allows customers to send and receive payments in real time between participating institutions including banks, credit unions, licensed non-bank Payment Service Providers and certain Government departments.

BiMPay replaces the existing Automated Clearing House (ACH) and Real-Time Payments (RTP) systems to provide faster, more modern payment services across all participating institutions.

BiMPay goes live on June 13, 2026.

The below cut-off times will apply on June 12, 2026 for transactions processed under the existing ACH and RTP systems.

• 2:00 P.M for Internet Banking transactions over $500,000.00
• 4:00 P.M for Internet Banking transactions to Sagicor Bank
• 7:00 P.M for Internet Banking Real Time Payment transactions to all other local banks

Yes. Republic Online and Republic Mobile remain fully available.

You can continue to:

• Transfer funds
• Make payments
• Send money to customers at other banks and credit unions

The BiMPay Digital Wallet is an optional service provided through a BiMPay software application that provides additional features, including:

• Request-to-Pay (request funds from others)
• QR code payments
• Ability to make payments using an Alias (email or mobile number)
• Ability to make payments using an account number

No. The BiMPay Digital Wallet is optional. You do NOT need to download or register for the wallet to conduct transfers between local banks. You can continue using Republic Online or Republic Mobile.

You may choose the Wallet if you want:

• To make QR Code payments
• The ability to request money
• The ability to make payments using an Alias
• A mobile wallet experience for everyday transactions

If you choose to use it:

1. Download the BiMPay app (App Store or Google Play)
2. Register using your name, email, mobile number and national ID number
3. Select Republic Bank as your financial institution
4. Complete the verification and account linking by contacting or visiting the Bank
5. Begin transacting

You will need:

• Full name
• Email address
• Mobile number
• National ID number
• Token from the Bank – issued by the Bank at step 8(4) above

Yes. There are limits applied to transactions when using the BiMPay Digital Wallet. These are:

• Daily: BBD $750
• Monthly: BBD $2,500
• Annual: BBD $30,000

Request-to-Pay allows persons to request funds from another person.

QR Code payments allows persons to send or receive funds by scanning a unique QR code linked to a person's BiMPay Digital Wallet.

ACH and RTP services will be retired and replaced by BiMPay from June 13. These legacy payment systems will no longer be available after this transition.

It is important to ensure your mobile number and email address are up to date with the Bank.

This ensures:

• Successful BiMPay registration
• Receipt of security codes and alerts
• Important service notifications

This is usually due to outdated contact details. You should contact or visit the Bank to update your information.

Yes. BiMPay is a regulated national payment system.

Important: Republic Bank will never ask for your passwords, PINs, or one-time passcodes via phone, SMS or email. Customers who opt to use the BiMPay Digital Wallet should not share their unique token issued by the Bank or any of your other unique security credentials with anyone.

Customer Service:

• Phone: (246) 227-2700
• Email: rbbbinfo@rfhl.com