Business Chequing Account

Home / Business / Bank Account / Business Chequing Account

Chequing Account

This account is available to customers operating as Sole Proprietorship, Partnership, Limited / Unlimited Liability Company, Clubs, Societies, Churches and Embassies.

It allows account holders to make payments and conduct transactions with the use of a chequebook. Chequebooks can be ordered with 50, 100 or 200 leaves, according to the need and frequency of use. Also, our chequebooks are customised allowing the customer to specify the information to be printed on the cheque leaf.

business chequing account

Account statements, with paid cheques enclosed, are issued and mailed based on the frequency determined by the customer (i.e.: weekly, fortnightly, monthly, quarterly etc.). Interim statements are also issued upon request.

Requirements

Documents to be Submitted:

 Identification Card, Guyana’s new Plastic Driver’s Licence or Passport for each Principal/ Trustee and Signatory

 Proof of Address for place of residence for each Principal/ Trustee and Signatory*

 TIN Certificate for each Principal/ Trustee and Signatory once they are taxpayers in Guyana

 Proof of Address for Main Office*

 TIN Certificate for the Organisation*

 Proof of Income – Outline of budgeted income

 One Character Reference if required for each Principal/ Trustee and Signatory *

 Legal Documents of an Organization: –*

 Letter from Governing body acknowledging the establishment of an account at GBTI

 Extract of the Minutes of the Meeting stating when the decision to open an account at GBTI was made

 Resolution stating that a decision was made to open an account at GBTI stating the names of Principals/ Trustees and Signatories along with the signing instructions

 Confirmation of overseas Bank Account for Foreign NPOs

 

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period must be within the last 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL, GWI, Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of Address form.

 

Exceptionally Envelopes with GPOC Stamp can be accepted if customer cannot provide any other form of Proof of Address this includes any mail correspondence sent by GBTI.

 

TIN CERTIFICATE:

*Required for the Organisation registered under the Friendly Society Act. 2

CHARACTER REFERENCES:

* Bank will advise if Character References are required.

Character References if required one for each Principal/ Trustee and Signatory will be accepted from

Highly reputable persons and entities such as professionals, known professional entities and religious

leaders.

 

LEGAL DOCUMENTS OF AN ORGANISATION:

*Certificate of Registration under the Friendly Act Society, The Co-operative Societies Act or

Deed of Trust, etc. applicable to the type of account being established (Clubs/ Associations/ Societies/

Charitable Organizations/ Foundations/ Trusts and Non-Governmental Organizations)

 

FOR ALL DOCUMENTS FORWARDED TO PERSONS RESIDING OVERSEAS:

Signatures to be authenticated by Bankers overseas or The Guyana Consulate for

Non-Resident (Principal/ Trustee and Signatory) – Stamp and signature to be affixed along with contact details of the person signing once authenticated by a Bank.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

Savings Account – $5,000

Term Deposit – $ 250,000

Special Investment $1,000,000

 

CHEQUING ACCOUNTS:

Counter Cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI Cheque by a third party $500

Certificate is received from the Guyana Revenue Authority.

Documents to be Submitted:

 Identification Card, Guyana’s new Plastic Driver’s Licence or Passport for each Principal/ Trustee and Signatory

 Proof of Address for place of residence for each Principal/ Trustee and Signatory*

 TIN Certificate for each Principal/ Trustee and Signatory once they are taxpayers in Guyana

 Proof of Address for Main Office*

 TIN Certificate for the Organisation*

 Proof of Income – Outline of budgeted income

 One Character Reference if required for each Principal/ Trustee and Signatory *

 Legal Documents of an Organization: –*

 Letter from Governing body acknowledging the establishment of an account at GBTI

 Extract of the Minutes of the Meeting stating when the decision to open an account at GBTI was made

 Resolution stating that a decision was made to open an account at GBTI stating the names of Principals/ Trustees and Signatories along with the signing instructions

 Confirmation of overseas Bank Account for Foreign NPOs

 

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period must be within the last 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL, GWI, Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of Address form.

 

Exceptionally Envelopes with GPOC Stamp can be accepted if customer cannot provide any other form of Proof of Address this includes any mail correspondence sent by GBTI.

 

TIN CERTIFICATE:

*Required for the Organisation registered under the Friendly Society Act. 2

CHARACTER REFERENCES:

* Bank will advise if Character References are required.

Character References if required one for each Principal/ Trustee and Signatory will be accepted from

Highly reputable persons and entities such as professionals, known professional entities and religious

leaders.

 

LEGAL DOCUMENTS OF AN ORGANISATION:

*Certificate of Registration under the Friendly Act Society, The Co-operative Societies Act or

Deed of Trust, etc. applicable to the type of account being established (Clubs/ Associations/ Societies/

Charitable Organizations/ Foundations/ Trusts and Non-Governmental Organizations)

 

FOR ALL DOCUMENTS FORWARDED TO PERSONS RESIDING OVERSEAS:

Signatures to be authenticated by Bankers overseas or The Guyana Consulate for

Non-Resident (Principal/ Trustee and Signatory) – Stamp and signature to be affixed along with contact details of the person signing once authenticated by a Bank.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

Savings Account – $5,000

Term Deposit – $ 250,000

Special Investment $1,000,000

 

CHEQUING ACCOUNTS:

Counter Cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI Cheque by a third party $500

Certificate is received from the Guyana Revenue Authority.

Documents to be Submitted:

  • Identification Card, Guyana’s new Plastic Driver’s Licence or Passport
  • Proof of Address for place of residence*
  • Proof of Address for registered business*
  • TIN Certificate required for taxpayers in Guyana
  • Business Registration for current year
  • Income and Expenditure Statements for the last 2 years for existing registered business
  • Cash Flow Projection for 2 years for newly registered business
  • Two Character References from reputable Individuals*
  • Licence/Permit*

NOTE:

* PLEASE SEE GUIDANCE NOTES BELOW

 

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL, GWI, Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of Address form.

Exceptionally Envelopes with GPOC Stamp can be accepted if customer cannot provide any

other form of Proof of Address this also includes any mail correspondence sent by GBTI.

*For a Registered Business a Proof of Address is required for the business once the address differs

from the individual’s place of residence.

 

CHARACTER REFERENCES:

*Not applicable for a Savings Account

 

LICENCE/PERMITS:

*Required for Pawnbrokers, Real estate agents, Gold Miners, Fuel/ Petroleum products dealers,

Gas Station, Betting Shops, Casinos, Lumber dealers, Tourism businesses, Importers,

Exporters, Academic Institutions, Cable TV Operators, Radio Stations, Television Broadcasting

Stations, Speed Boat Operators, Fishing boats and trawlers, Rice Millers, Money Service

Businesses, Cambio/ Dealers in Foreign Currency and other trades as deemed necessary.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

Savings Account – $5,000

Term Deposit – $ 250,000

Special Investment $1,000,000

 

CHEQUING ACCOUNTS:

Counter Cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI Cheque by a third party $500

Documents to be Submitted:

 

  • Identification Card, Guyana’s new Plastic Driver’s Licence or Passport for each person
  • Proof of Address for each person*
  • TIN Certificate for each person once they are taxpayers in Guyana
  • Salary Slip/ Job Letter/ Income and Expenditure Statements for self-employed individuals or pension stubs for pensioners*
  • Two Character References for each person must be from reputable individuals

NOTE:

* PLEASE SEE GUIDANCE NOTES BELOW

 

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period must be within the last 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL, GWI, Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of

Address form. Exceptionally Envelopes with GPOC Stamp can be accepted if customer

cannot provide any other form of Proof of Address this includes any mail correspondence sent by

GBTI.

 

SALARY SLIP/ JOB LETTER/ INCOME AND EXPENDITURE STATEMENTS FOR

SELF-EMPLOYED INDIVIDUALS  OR PENSION STUBS FOR PENSIONERS:

*Required for employed Persons and Pensioners.

 

FOR ALL DOCUMENTS FORWARDED TO PERSONS RESIDING OVERSEAS:

Signatures to be authenticated by Bankers overseas or The Guyana Consulate for

Non-Resident – Stamp and signature to be affixed along with contact details of the person signing once authenticated by a Bank.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

 

CHEQUING ACCOUNTS:

Counter cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI cheque by a third party $500

Documents to be Submitted:

 

  • Identification Card, Guyana’s New Plastic Driver’s Licence or Passport for each Signatory, Director, Secretary and Beneficial Owner of the Company
  • Proof of Address for each Signatory, Director, Secretary and Beneficial Owner of the Company*
  • TIN Certificate for each Signatory, Director and Secretary once they are taxpayers in Guyana
  • Two Character References for each Signatory, Director and Secretary must be from reputable individuals*
  • Proof of Address for the Company*
  • Audited Financial Statements for 2 years preceding year in which application for new account is made
  • Cash Flow Projection for 2 Years for newly incorporated company
  • TIN Certificate for the Company (TIN can also be obtained from the VAT or Excise tax certificates)
  • Tax Compliance Certificate*
  • Company Documents:-
    • Certificate of Incorporation
    • Articles of Incorporation
    • Declaration of Compliance
    • Notice of Secretary
    • Consent to Act as Secretary
    • Notice of Directors
    • Consent to Act as Directors
    • Notice of Registered Office/ Address
    • Number of Shareholders and Allotment of Shares
    • By-Laws
    • Resolution
  • Letter requesting the establishment of a Chequing Account at GBTI
  • Resolution from the Board of Directors stating the names of signatories and the signing instructions
  • Letter stating Known Agents authorized to transact business

Copies of their Identification Cards or Passports to be included

  • Licence/Permit from issuing agency*
  • Local Incorporation Documents required for Foreign Companies

Confirmation of Overseas bank account for Foreign Companies

 

NOTE:

* PLEASE SEE GUIDANCE NOTES

 

US Citizens/Residents- Beneficial Owners of 10%

  • Green Card – (If Applicable)
  • Social Security Number required to be completed on FATCA form (W-9)
  • Tax Registration Number (TRN)
  • Global Intermediary ID Number
  • Employer’s Identification Number (EIN)

 

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period must be within the last 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL, GWI, Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of Address form.

Exceptionally Envelopes with GPOC Stamp can be accepted if customer cannot provide any

other form of Proof of Address this also includes any mail correspondence sent by GBTI.

 

CHARACTER REFERENCES:

*Character References required for each Signatory, Director and Secretary of the Company.

These references must be from reputable persons in society (e.g. Doctors, Lawyers, etc.)

 

TAX COMPLIANCE CERTIFICATE

*A Tax Compliance Certificate is not required for businesses that are newly incorporated.

 

LICENCE/PERMITS:

*Required for Pawnbrokers, Real estate agents, Gold Miners, Fuel/ Petroleum products dealers,

Gas Station, Betting Shops, Casinos, Lumber dealers, Tourism businesses, Importers,

Exporters, Academic Institutions, Cable TV Operators, Radio Stations, Television Broadcasting

Stations, Speed Boat Operators, Fishing boats and trawlers, Rice Millers, Money Service

Businesses, Cambio/ Dealers in Foreign Currency and other trades as deemed necessary.

 

FOR ALL DOCUMENTS FORWARDED TO PERSONS RESIDING OVERSEAS:

Signatures to be authenticated by Bankers Overseas or The Guyana Consulate for

Non-Residents (Director, signatory and Beneficial Owner) – Stamp and signature to be affixed along with contact details of the person signing once authenticated by a Bank.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

Savings Account – $5,000

Term Deposit – $ 250,000

Special Investment $1,000,000

 

CHEQUING ACCOUNTS:

Counter Cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI Cheque by a third party $500

Documents to be Submitted:

  • Identification Card, Guyana’s new Plastic Driver’s Licence or Passport
  • Proof of Address*
  • TIN Certificate required for an individual who is a taxpayer in Guyana
  • Salary Slip/ Job Letter/ Income and Expenditure Statements for self-employed individuals or pension stubs for pensioners*
  • Two Character References must be from reputable individuals

NOTE:

* PLEASE SEE GUIDANCE NOTES BELOW

GUIDANCE NOTES:

 

PROOF OF ADDRESS:

*Validity Period must be within the last 6-8 months

Valid forms of Proof of Address:

Utility Bills (GTT, GPL,GWI,Digicel), Bank Statements from other Banks, Bills from authorized

internet cable service providers (E-Networks, Direct TV, etc.), Driver’s Licence for

Non- Residents, Rental Agreements, Transport, NIS Pay Stub and Authority to use Proof of Address form. Exceptionally Envelopes with GPOC Stamp can be accepted if customer cannot provide any other form of Proof of Address this includes any mail correspondence sent by GBTI.

 

SALARY SLIP/ JOB LETTER/ INCOME AND EXPENDITURE STATEMENTS OR

PENSION STUBS:

*Applicable for employed persons or pensioners.

 

MINIMUM DEPOSIT:

Chequing Accounts – Cost of Initial cheque book

 

CHEQUING ACCOUNTS:

Counter Cheque $300 per leaf

Ledger Fees $30 per cheque debited (for current account) minimum $600 per month

Transfer of funds from one Account to another (same Branch) $500 plus Debit Advice Charge $200

Transfer of funds to another branch $1,000 plus Debit Advice Charge $200

Encashment of a GBTI Cheque by a third party $500