Safety Deposit Locker Changes

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Dear Valued Customer,
We’re getting closer to bringing you a new banking experience with the conversion to the Republic Financial Holdings Limited’s (RFHL) technology platforms.

Effective May 1, 2024, your Safety Deposit Box is one area where you would see changes reflected.

Here’s some important information for you:

Change to Fee Structure:

Safety Deposit Boxes Cost Per Annum Cost for 3 months or less
1 ½ “X 5” $100 + VAT $25
2 ½ “X 5” $125 + VAT $35
3 ½ “X 5” $150 + VAT $40
5” X 5” $250 + VAT $65

Your Safety Deposit Box fee has not changed. However, your Safety Deposit Box fee will no longer be payable on the anniversary of the opening of the Safety Deposit Box. Instead, it will be charged on May 1 each year.

We are pleased to announce that we have waived all Safety Deposit Box fees from May 1, 2023, to April 30, 2024, so you do not need to make any payments until May 1, 2024.

If you have already paid for a period after May 1, 2023, we will issue you a refund by September 30, 2023.

How can you prepare for the change?
Your next payment is due May 1, 2024, and this will be for the full annual fee. Please ensure you make arrangements for its payment.

Please call us at 227-2700 or email us at conversion@rfhl.com should you have further questions or concerns. Stay tuned to our social media pages or website, https://www.republicbarbados.com/rbbb-conversion for more information.

Sincerely,

Anthony Clerk
Managing Director & CEO Republic Bank (Barbados) Limited

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