TimeSaver Account

TimeSaver Account

Saves you time and money!

If you need regular and unlimited access to the funds in your account to make day to day payments and the convenience of electronic banking, TimeSaver is right for you!

Interest is calculated on the minimum balance of $500.00 or more and paid quarterly.

Here are the features of your TimeSaver account Here are the benefits of your TimeSaver account

FREE OneCard (VISA Debit Card)

Convenience of 24-hour access to account via the Blue Machine

One of the largest ABM network locally

Flexibility of paying for goods and services at merchants nationwide - no need to carry cash!

Immediate access to funds in an emergency

FREE trendy OneCard Wallet

Protects your OneCard from damage

FREE Semi-Annual Statements

To keep track of your account balance

Flat monthly service fee

Perform unlimited transactions each month - Blue Machine or Republic Bank Point of Sale merchants, at no additional cost

No restrictions on deposits

Building a nest-egg is easy!

  • A flat monthly service fee of $5.00.

Cost of ABM transactions at other banks:
  • Cash withdrawal - $3.00
  • Balance enquiry - $1.25
Teller fee of $2.00 apply to transactions less than $2,000.
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What you will need

Before visiting our branches, ensure you have the following documents:

New to Republic Bank?

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

Address verification
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.

Proof of Income/Employment
If employed (job letter or most recent pay slip)

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.

For Non-Residents/Non-Nationals only
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)
*Additional documents may be required depending on the nature of your application.

Existing Republic Bank customer (If Remediated)

Two (2) forms of Identification
The required amount to open the account

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