What do I need to open a bank account in Jamaica?

Like a cellphone, a bank account, is a convenient necessity for most persons in today's busy and fast-paced world. What are the requirements though?

Here's what you need to open a bank account in Jamaica today (typically), outlined right after the question...

ANSWER: by Wellesley

OK, so some assumptions here again.

First, I am going to assume that you are interested in opening a regular savings or deposit account, okay?

For these, the requirements are pretty much the same across the financial institutions here in Jamaica, but below are the requirements to join ScotiaBank, one of the premier financial institutions here.

In addition to a completed Application Form and your deposit, you'll need...

1. Identification
   
   This could be your...
   Passport,
   Voters ID,
   Drivers Licence,
   Permanent Resident Card
   Student Id - for persons under the age of 18,
   or Workers ID*
   
   
2. Tax Information
   
   A TRN (for local residents)
   Tax ID from country of residence
   or Government Issued Tax Compliance Certificate
   
   
3. Proof Of Address
   
   Which could be any of the following...
   Drivers License
   Voters ID,
   Rent Receipt
   Lease Agreement
   Utility Bill
   Property Tax Receipt or
   A Statement of account from a licensed financial institution.
   
   
4. Proof Of Employment
   
   Any one of...
   Job Letter
   Payslip* or
   Business Registration Certificate
   
   
5. Two References
   
   Provide name, phone number and occupation for each reference.
   
   
6. Proof of Source Of Funds
   
   Original source of funds as well as ongoing source.
   

I've embedded a snapshot of the requirements below.



Note that these are their requirements at the time of my response and that can change, however, the basic requirements will remain overtime.

And yes, I am aware that some (other) institutions request passport sized photographs as well, so just be mindful.

I hope this helps!

As usual, I welcome your feedback here.

By the way, I recommended that you consider utilizing the free search tool that allows you to look for something specific on this website.

Don't Miss: How to travel with money in Jamaica.

Keep in touch.

Regards,
Wellesley

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Tags:
What do I need to open a bank account in Jamaica?
What are the requirements to join Scotiabank?
What are the requirements to join JN Bank?
What are the requirements to open a savings account?

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