Home / Trinidad and Tobago
Open a bank account in Trinidad and Tobago
Which bank to use in Trinidad and Tobago, the account to ask for, and exactly what to bring to the branch.
Where to go in Trinidad and Tobago
Bank: Republic Bank Limited
Account to ask for: e-Free
What to bring
What Republic Bank asks for when you open a e-Free in Trinidad and Tobago:
- 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 service charge, and you get three free in-branch debits a month. Go over that and a flat TT$18 monthly fee applies.
- Free transactions at Republic's Blue Machines (ABMs), with a TT$5,000 daily limit, and free LINX point-of-sale purchases up to TT$10,000 a day.
- Balances of TT$500 or more earn 0.25% interest.
Loans, credit cards and business registration
Beyond opening an account, these are the local services we handle in Trinidad and Tobago.
Loans & Credit Card Applications (Free)
Applying for a loan or credit card can be tricky if you are not sure what is needed. We will walk you through it by:
- Checking that you have the right documents
- Making sure your application is properly prepared
- Helping you feel ready before you submit anything
Business Registration & Account Opening (Paid Service)
Starting a business is exciting, but the paperwork can feel like a maze. We will help you register your business name with the right offices, pull together the documents you need, and get everything ready to open your business bank account. It is about making sure the setup is done right, without the stress, so you can focus on actually running your business.
Business setup packages
Select your country to see pricing in your local currency. Each package is 50% upfront, with the balance on completion.
Starter
50% upfront (TTD$400), balance on completion
- Business name search & reservation
- Registration as Sole Trader or Partnership
- Checklist and documents for opening a business bank account
- Social media setup
Professional
50% upfront (TTD$850), balance on completion
- All Starter services
- Limited Liability Company registration (Articles of Incorporation, BIR registration, NIS employer number)
- Preparation of bank account opening documents
- In-person or virtual assistance at the bank
- Branded invoice & receipt template for your new business
- Website setup
Premium
50% upfront (TTD$1,550), balance on completion
- All Professional services
- VAT registration (if required)
- One-on-one advisory session (banking, taxes & compliance tips)
- Professional letterhead & business email setup
- Referrals to accountants & marketing experts to grow your business
Add-on services
- BIR File Number registration$100 TTD
- NIS staff registration1-10 $200, 11-100 $300, 101+ $300 TTD
- Logo design & social media page setup$300 for all Meta apps, $100 per additional app TTD
- Business plan template$200 TTD
- Starter bookkeeping package$200 TTD
- Business StampTTD$400
- Website setupTTD$1,700