Business Accounts

Business Chequing Account TT$

RUNNING A BUSINESS IS NOT ALWAYS EASY BUT MANAGING YOUR ACCOUNTS SHOULD DEFINITELY BE SIMPLE
  • Applicants accepted: all professionals, business companies, limited liabilities, sole proprietors, partnership accounts, trusts, non-profit organisations, etc.
  • First 100 cheques free
  • Debit Card is available to sole proprietors only

Fees

  • $25 maintenance fee if balance goes below $1,000*
  • $20 fee for Account closure
  • $1 per extra cheque after first 100
  • $1,000 Minimum Opening Balance
  • 0.00% Interest Rate
  • $0 /month* Maintenance Fees
  • Free Debit Card & Cheque Book

Business Privilege Account TT$

WE WILL GROW WITH YOUR BUSINESS, SO IT CAN CONTINUE TO THRIVE
  • Applicants accepted: all professionals, business companies, sole proprietors, partnership accounts, trusts, non-profit organisations, etc.
  • *0.25% interest if balances below $10,000,000
  • Interest calculation: monthly, on average balance
  • Debit Card is available to sole proprietors only
  • $50,000 Minimum Opening Balance
  • 1.00%* Interest Rate (In balances above $10M)
  • All waived Fees
  • Free Debit Card & Cheque Book

Requirements To Open An Account

Limited Liability Companies

  1. One valid form of Photo ID (Passport, National ID) from each:
    • Beneficial owner with more than 10% shareholding interest
    • Director
    • Account Signatory
    • Corporate Secretary
  2. Certificate & Articles of Incorporation
  3. ANSA Bank Form ‘Know Your Customer’
  4. Certificate & Articles of Continuance (if incorporated before 1996)
  5. Articles of Association (if incorporated before 1996)
    • By-Laws (if incorporated after 1995)
  6. Annual Return within the last 12 months
  7. Return of Beneficial Ownership (Form 45)
  8. Financials or Management Accounts for the last 3 years
  9. Corporate/Board Resolution
  10. Declaration of Source of Funds for deposits over TT$50,000
  11. The following listed businesses also require registration certification by FIU
    • Co-operative & Building Societies
    • Non-Profit Organizations
    • Real Estate
    • Money or Value Transfer Services
    • National Lotteries/On-line betting
    • Art Dealers
    • Motor Vehicle Sales
    • Jewellery
    • Gaming Houses/Pool Betting
    • Private Members’ Club
    • Professional Providers – Attorneys, Accountants
    • Trusts & Company Service Provider
  12. Foreign Entities would also require:
    • Certified copies of documents listed above
    • Banker’s reference
    • FATCA W-8BEN/W-9 Form (for US persons)

Partnerships

  1. One valid form of Photo ID (Passport, National ID) from each partner
  2. Proof of address from each partner
    • Utility bill not older than 3 months (Cellular bills not accepted)
    • Bank Statement from another financial institution
    • Address via register of electors
  3. ANSA Bank Form ‘Know Your Customer’
  4. Certificate of Registration
  5. Partnership Deed/Agreement
  6. Proof of Earnings
    • Business Bank Account Statements for 6 months
    • Financials or Management Accounts for the last 3 years
  7. Declaration of Source of Funds (for deposits over TT$50,000)
  8. Foreign Nationals
    • If employed in T&T must provide a valid work permit/ CSME certificate/residency certificate
    • A banker’s reference needed if no local financial history
    • FATCA W-8BEN/W-9 Form (for US persons)

Non-profit Organisations

  1. ABL KYC Form ID
  2. One form of Photo ID for all Board Members, trustees and/or signatories – (Passport, National ID, Drivers Permit) – must be valid
    • CBTT Guidelines states that ID must contain nationality so if drivers permit is presented you must neither submit two IDs or DP along with birth certificate
    • High risk clients /(PEPs) must present two IDs
  3. Utility bill for all Board Members, trustees and/or signatories
  4. Certificate of Incorporation
  5. By-Laws or charter
  6. Financials or Management Accounts for the last 3 years or tax returns for the last 3 years
  7. Registration certification by FIU
  8. Authorized minutes of AGM where directors are appointed.
  9. Purpose, ideology or philosophy of NPO.
  10. Geographic areas served.
  11. Organizational structure.
  12. Donor and volunteer base.
  13. Funding and disbursement criteria.
  14. Affiliation with other NPOs, government or groups.