Individual
We have created this section to provide you with the basic information on our accounts, requirements for opening an account, and how to open an account.
Current Account
The bank offers a current account that allows you to perform all types of bank transactions. Your new current account will enable you to make deposits at among others: a cashier, speedy deposit, night deposit, and internationally through our extensive correspondents network. Withdrawals can be made at our cashiers in local and foreign currency, while transfers are executed both on a local and international level, via SWIFT when necessary, with same date capabilities.
For recurring bill payments you can use our standing order services, while for non-recurring payments our transfer services, debit-and credit cards are widely used. All transactions occurring on your current account are itemized, either daily or monthly, and mailed to you or placed in your statement box at the bank (subject to availability) stated on your statements, which come in daily or monthly itemized.
Savings account
The bank's main savings instrument is our very popular savings account, on which interest is calculated daily (based on 365 days) and posted to the account quarterly.
This savings account is used by many businesses in periods of excess liquidity. Statements are quarterly.
Conform guidelines for the use of savings accounts, payments may not be made directly from the savings account, and must be made first to a current account.
This savings account pays you an interest rate of 3.0 % p.a.
Time deposit
Our time deposit is a fixed term deposit, ranging from six months to five years and is generally used by businesses with prolonged periods of excess liquidity or certain investment needs. The time deposit has a minimum amount of Ang. 5.000,00 or its equivalent in Awg or USD. Interest is calculated daily (based on 365 days) and posted to the account quarterly.
Since the time deposits has a pre-set term to maturity, only the accumulated interest after being applied to the account may be withdrawn by the account holder. In general, the capital of the time deposit may not be withdrawn until time of maturity. However, under certain circunstances and subject to a penalty fee, a time deposit's capital may be withdrawn before maturity.
| Business :: Legal Entity resident of the Netherlands Antilles | |
| - Chamber of commerce registration - Statues of incorporation by a notary - Valid identification of the persons authorized to sign for the legal entity according to the statues and the Chamber of Commerce Registration - Introduction letter if you have other bank relations - completion of transaction profile |
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| Business :: Legal Entity non-resident of the Netherlands Antilles | |
| - Chamber of commerce registration - Statues of incorporation by a notary - Valid identification of the persons authorized to sign for the legal entity according to the statues and the Chamber of Commerce Registration - Letter of introduction from the entity's main bank - Annual report of the last reporting year - completion of transaction profile |
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| Sole Proprietorship | |
| - Chamber of commerce registry - Valid identification - Introduction letter if you have other bank relations - completion of transaction profile |
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| By requesting to open an account, one authorizes the bank to obtain information from official and non-official sources in the country of origin and or country of residence, concerning the financial and moral conduct of the applicant. All requests will be scrutinized accordingly and may take some time to complete, after which the applicant will be contacted. |
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How to open an account with us
In accordance with “Know Your Customer” rules (see banking standards ), which we strictly adhere to, an applicant needs to apply in person to open an account with the bank.
Just drop in at one of our offices and bring along the necessary documents. For non-resident legal entities wishing to open an account, please e-mail us at management@ bancodicaribe.com
