Open a bank account in Guyana

What to bring

What Republic Bank asks for when you open a e-Free in Guyana:

• A completed account application, done in branch or through Republic's online onboarding
• One or two valid forms of photo identification: passport, national ID card or driver's permit
• Proof of address dated within the last three months, such as a utility bill. If the bill is not in your name, bring the lease plus an authorisation letter from the account holder
• Proof of income: a job letter, a recent payslip, or business financials if you are self-employed
• The minimum opening deposit for the account

If you are not resident yet

Opening before you have moved, or while your status is still being sorted out? Republic Bank asks for these on top of the documents above:

• A utility bill covering the last three months, or your lease agreement
• Proof of income: job letter and payslip, or financials if you run a business
• A banker's reference letter from your current bank
• Your work permit, CARICOM Skills Certificate or student documentation, where these apply

Good to know

• •No monthly maintenance fee and no restrictions on deposits or withdrawals. ATM and point-of-sale transactions are free.
• •Interest is only calculated on a minimum monthly balance of G$25,000 and over, paid on the last day of the month. The current rate is 0.082%.
• •Daily withdrawal limits are G$700,000 in total: G$200,000 at ATMs and G$500,000 online and at point of sale.
• •Your proof of address must be a utility bill issued within the last eight months, which is a longer window than most of the region allows.
• •Foreign nationals also need a banker's reference, and conditions apply.