Compliance Information

Minimum of one of the following documents:
• National ID card
• Passport
• Driver’s license *(only accepted with another form of valid photo ID)

• Utility bill (not older than 3 months) excluding cell phone
• Other Bank statement (excludes credit union statements or statements from other types of financial institutions)
• Official Government/Tax document (i.e; correspondence from BRA or NIS)
• Rental agreement or contract from Landlord
• Circumstances where the person applying for the account does not have utility bills in his/her name. The Bank will provide an authorization letter for completion by the individual in whose name the bills are generated.

If employed (job letter or most recent pay slip)

Self-Employed
• Up-to-date Audited Financial Statements (for the last three (3) years ) OR
• Statement of Affairs and Statement of Income & Expenditure
• For a start-up entity *An opening Balance Sheet & Cash Flow projections (three (3) years)
*Start-up entity refers to entities which have been in operation for less than three (3) years.

The following additional documentation is required:
• Foreign Banker’s Reference OR Bank Statement (within the last 3 months)
• Utility Bill confirming permanent foreign address
• Work Permit /CSME Certificate OR Other official document granting permission for employment
• Missionary Permit/ Student Visa/ Letter of enrollment or acceptance from educational institution in Barbados (for Students only)