Account Opening Requirements The respective types of customer must produce the following:
Individuals
- Initial deposit
- Pay slip/ proof of income
- ID/Valid passport/Drivers licence
- Proof of Residence not more than 3 months old
Companies - Private and Public Limited
These are companies registered with the Registrar of Companies, in accordance with the provisions of the Companies Act
- Memorandum and Articles of Association.
- Certificate of Incorporation.
- CR14 Form (list of current directors and any change of directors).
- The directors’ positive identification and proof of residence.
- Upon approval and opening of the account, an initial deposit must be made.
Partnerships
These are formed when a minimum of 2 and no more than 20 people enter into an agreement and come together to start a business for the purposes of making profit. This does not include professional bodies.
- Partnership Agreement / Deed of Partnership – certified by a notary public.
- The partners’ positive identification and proof of residence.
- Upon approval and opening of the account, an initial deposit must be made.
Informal Bodies - Churches, Clubs, etc.
These are organisations formed for the primary purpose of providing a service to their members or beneficiaries, and not for profit-making.
- The organisation’s constitution.
- Minutes of the meeting in which it was resolved to open the account, indicating who the authorised signatories and office bearers will be.
- The office bearers’/signatories’ positive identification and proof of residence.
- Upon approval and opening of the account, an initial deposit must be made.
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