
Open a bank account in Barbados
Barbados is an independent Caribbean island nation with a developed economy. The capital is Bridgetown. Facilities for tourism are widely available. The U.S. Embassy in Barbados has consular responsibility for Antigua and Barbuda, Dominica, St. Kitts, and Nevis, St. Lucia, St. Vincent, and the Grenadines, as well as the British dependent territories of Anguilla, British Virgin Islands, and Montserrat, and the French islands of Martinique, Guadeloupe, St. Barthélemy and St. Martin.
We can help you open bank accounts in Barbados.
Accounts are available for individuals.
We work with 3 different banks in Barbados.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- CIBC FirstCaribbean International Bank (Corporate, Personal)
- RBC (Corporate, Personal)
- Scotia Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Eligibility | Local Companies |
Min Deposit | USD 25,000 |
Currencies | Multicurrency |
Cards | No |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Transactional Banking |
Economic substance required.
Client Profile | Day-to-day banking |
Min Deposit | USD 25,000 |
Currencies | Multicurrency |
Cards | No |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Checking Account |
Only individuals residing in Barbados.
Eligibility | Local Companies |
Min Deposit | USD 100,000 |
Currencies | Multicurrency |
Cards | No |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Transactional Banking, Trade Finance |
Economic substance required.
Client Profile | Day-to-day banking, Wealth Management |
Min Deposit | USD 100,000 |
Currencies | Multicurrency |
Cards | No |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Checking Account, Discretionary Wealth Management, Term Deposit/Savings Account, Debit/Credit Card |
Eligibility | Local Companies |
Min Deposit | USD 25,000 |
Currencies | Multicurrency |
Cards | Yes |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Transactional Banking, Debit/Credit Card |
Economic substance required.
Client Profile | Day-to-day banking |
Min Deposit | USD 25,000 |
Currencies | Multicurrency |
Cards | Yes |
Remote | Yes |
Off-shore non-resident | No |
Other Services | Checking Account, Debit/Credit Card |