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Open a bank account in The Bahamas
Which bank to use in The Bahamas, the account to ask for, and exactly what to bring to the branch.
Where to go in The Bahamas
Bank: Scotiabank (Bahamas) Limited
Account to ask for: Electronic Access Account
CurrencyBSD
Minimum to openConfirm with the branch.
What to bring
What Scotiabank asks for when you open a Electronic Access Account in The Bahamas:
- One valid government-issued photo ID: passport, driver's licence, voter's ID or national ID
- Proof of address: a utility bill, rent receipt, lease agreement, property tax receipt, or a statement from a licensed financial institution
- Proof of employment: a job letter, a payslip, or a business registration certificate if you are self-employed
- Your tax number, or the tax ID issued by your country of residence if you are not yet resident
- Two references, each with a name, address, telephone number and occupation
- Documentation showing your original source of funds and your ongoing source of funds
Good to know
- One low monthly fee covers unlimited self-service banking. You pay only when you use a teller or write a cheque.
- No fee for using your ScotiaCard to shop, or for Scotia OnLine and mobile banking.
- Confirm the current monthly fee against Scotiabank's rate and fee schedule before you open the account.
This is guidance, and banks change their fees and document lists. Confirm the current requirements with Scotiabank (Bahamas) Limited before you travel to a branch.
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