Valid identification
Proof of address
Minimum funds to open the account
■ Valid Photo Identification
● Valid Bahamian passport or:
● Two (2) Category A documents; or
● One (1) Category A document and One (1) document from Category B; or
● One (1) Category A document and One (1) document from Category C; or
● One (1) Category B document, and One (1) document from Category C.
Category A | Category B | Category C - must be generated or issued within the Bahamas | |||
A certificate of Bahamian citizenship | An original or official copy of a birth certificate issued by the government of The Bahamas | An employee identification card bearing the individual's photograph, issued by an employer with whom the SFI has a relationship | |||
A certificate of naturalisation | An officially (apostille) certified original or copy of a birth certificate issued by a foreign jurisdiction | A mortgage or other instrument of security (original or certified copy), bearing the individual's name and residential address | |||
A driver's licence issued in The Bahamas | A letter issued by The Bahamas Ministry of Education, an accredited trade school or institution of higher learning, confirming that the individual is (or as) a student. | ||||
A passport (from any jurisdiction) | A Bahamas Government issued tax assessment or certificate bearing the individual's name and stress address, post office box, or a description of their real property | ||||
A national identity card | A voter's card issued by the Parliamentary Registration Department | ||||
A permanent residence permit | A Bahamas credit reference agency search (or a copy of the results) | ||||
A permit to reside | A written reference from a suitable referee (in the form specified by the Central Bank) | ||||
A word permit | |||||
A resident belonger permit | |||||
A spousal permit |
■ Current or former employer with whom the Bank has an existing relationship;
■ School principal or guidance counselor;
■ Licensed public accountant;
■ Senior official at or above the rank of manager at any Central Bank SFI;
■ Employee of the financial institution at which the service is being requested;
■ Senior civil servant, including law enforcement officer;
■ Doctor of medicine;
■ Elected official;
■ Justice of the peace or notary public;
■ Minister, priest, or other religious leader;
■ Counsel and Attorney-at-law; or
■ Any other individual that the Supervisory Authority (the Central Bank) may designate
■ Any certification or statement provided by a Suitable Referee must include the following minimum details:
● Client’s full name;
● Client’s residential address;
● Client’s occupation (or nature of self-employment);
● Referee’s name, address, occupation and contact details (such as phone number);
● How long the referee has known the client;
● A statement confirming that the referee believes the information provided about the client to be true; and
● Signature of the client and referee with the date the document was signed
■ Passport
■ Certified photograph of the minor & birth certificate
■ Valid school identification for students enrolled in College or University
■ All documentation for the adult/parent who will be a signatory to the account
Minimum Amounts to Open Accounts | |
Personal Savings Account | $150 |
Personal Savings Plus Account | $1,500 |
Direct Banking Account | $100 |
SureStart Account | $20 |
Personal Chequing Account | $250 |
Personal Chequing Plus Account | $1,500 |
Personal Senior Savers Account | $100 |
Personal Senior Chequing Account | $100 |
Platinum Chequing Account | $10,000 |
■ Valid Photo Identification (any of the following):
● Valid Driver’s License (issued in the country in which the client is resident)
● Valid Passport
● National ID (Voters/Electoral Identification Card) Note: Where the Government issued Identification does not indicate nationality or place of birth, additional documentation will be required to validate the applicant’s nationality and place of birth.
■ Taxpayer Registration Number (TRN) - If different from Driver’s License
■ Confirmation of Address* (any of the following):
● Recent Utility Bill in individual’s name
● Recent Bank or Credit Card statement (issued within the last 3 months) (issued within the last 3 months)
● Confirmation of current enrollment
● Second form of identification bearing address from a College or University (except Driver’s License)
● Written confirmation from parent, guardian, spouse or landlord along with acceptable proof of address
● Confirmation from Employer
● Tenancy Agreement
■ Source of Funds—Job Letter, Pay Slip or other evidence to support purpose of account
● Two forms of valid identification (A valid passport and one other from the list above)
● Confirmation of Address (as stated above)
● Banker’s Reference (where unavailable, bank statement issued within the last 3 months)
● Source of Funds—Job Letter, Pay Slip or other evidence to support purpose of account
Where original documents are not seen by a CIBC Caribbean representative, these should be certified and dated as true copies of the originals by any one of the following who shall affix his/her seal:
● Justice of the Peace/Notary Public
● Foreign Embassy Consular
● Senior Civil Servant
● Lawyer
● Senior Banker
● Certified Accountant
● Member of the Judiciary
The Certifier should complete a Letter of Instruction to Certifiers which should be submitted along with the certified documents.
■ Passport (or certified photograph of the minor)
■ Birth certificate
■ Taxpayer Registration Number (TRN)
■ Valid school identification for students enrolled in College or University
■ All documentation for the adult/parent who will be a signatory to the account
Minimum Amounts to Open Accounts | |
Personal Savings Account | $5,000 |
Personal Savings Plus Account | $50,000 |
Direct Banking Account | $3,000 |
SureStart Account | $1,000 |
Personal Chequing Account | $5,000 |
Personal Chequing Plus Account | $50,000 |
Personal Senior Savers Account | $5,000 |
Personal Senior Chequing Account | $5,000 |
Platinum Chequing Account | $10,000 |
■ Valid Photo Identification (any of the following):
● Valid Driver’s License (issued in the country in which the client is resident)
● Valid Passport
● National ID (National Issue Identity card, Citizenship Card, Armed Forces ID Card (issued in the country in which the client is resident) Note: Where the Government issued Identification does not indicate nationality or place of birth, additional documentation will be required to validate the applicant's nationality and place of birth.
■ Taxpayer Registration Number (TRN) - If different from Driver’s License
■ Confirmation of Address* (any of the following):
● Recent Utility Bill in individual's name (issued within the last 3 months)
● Bank or Credit Union Reference (no more than 3 months old)
● Recent Bank, Credit Card or Credit Union statement (issued within the last 3 months)
● National Insurance/Social Security Card
● Confirmation from Employer
● Tenancy Agreement in client’s name
■ One form of Valid Identification (from the list above)
■ Confirmation of Address (as stated above)
■ Two Character References (where applicable)
■ Banker’s Reference** (where unavailable, bank statement issued within the last 3 months)
■ Source of Funds—Job Letter or other evidence to support purpose of account
Where original documents are not seen by a CIBC Caribbean representative, these should be certified and dated as true copies of the originals by any one of the following who shall affix his/her seal:
● Justice of the Peace/Notary Public
● Foreign Embassy Consular
● Senior Civil Servant
● Lawyer
● Senior Banker
● Certified Accountant
● Member of the Judiciary
The Certifier should complete a Letter of Instruction to Certifiers which should be submitted along with the certified documents.
■ Passport (or certified photograph of the minor)
■ Birth certificate
■ Taxpayer Registration Number (TRN)
■ Valid school identification for students enrolled in College or University
■ All documentation for the adult/parent who will be a signatory to the account
Minimum Amounts to Open Accounts | |
Personal Savings Account | (TTD) $500 |
Direct Banking Account | N/A |
SureStart Account | (TTD) $100 |
Personal Chequing Account | (TTD) $500 |
Personal Senior Savers Account | (TTD) $300 |
Personal Senior Chequing Account | (TTD) $300 |
Platinum Savings Account | (TTD) 3,000 |
Platinum Chequing Account | (TTD) $50,000 |
Platinum Chequing Account | (US$) $10,000 |
Fixed Deposit | (TTD) $5,000 |
■ Valid Photo Identification (any of the following):
● Valid Driver’s License issued in the country in which the client is resident (Exception Barbados)
● Valid Passport
● National ID (issued identity card, Citizenship card, Armed Forces ID Card, issued within the country in which the client is resident)
■ Confirmation of Address* (any of the following):
● Valid Driver’s License (Exception Barbados)
● Bank/Credit Union or Major Credit Card Statement (not more than 3 months old)
● National Insurance/Social Security Card
● Tenancy Agreement in client’s name
● Letter from current employer (not more than 3 months old)
● Bank or Credit Union Reference (no more than 3 months old)
● Original Utility Bill or Cable Bill in the client’s name
● One form of Valid Identification (from the list above)
● Confirmation of Address (as stated above)
● Two Character References (where applicable)
● Banker’s Reference (where unavailable, bank statement issued within the last 3 months)
● Source of Funds—Job Letter, Pay Slip or other evidence to support purpose of account
Where original documents are not seen by a CIBC Caribbean representative, these should be certified and dated as true copies of the originals by any one of the following who shall affix his/her seal:
● Member of the Judiciary
● Senior Civil Servant
● Senior Banker
● Justice of the Peace/Notary Public
● Foreign Embassy Consular
● Lawyer
● Certified Accountant
The Certifier should complete a Letter of Instruction to Certifiers which should be submitted along with the certified documents.
■ Valid Passport
■ Certified photograph of the minor (no more than six months old)
■ Child’s birth certificate
■ Valid school identification for students enrolled in College or University
■ All documentation for the adult/parent who will be a signatory to the account
Antigua | |
Personal Savings Account | $2,000 |
Personal Savings Plus Account | $4,000 |
Direct Banking Account | $100 |
SureStart Account | $40 |
Personal Chequing Account | $200 |
Personal Chequing Plus Account | $2,500 |
Personal Senior Savers Account | $200 |
Personal Senior Chequing Account | $300 |
Barbados | |
Personal Savings Account | $300 |
Personal Savings Plus Account | $3,000 |
Direct Banking Account | $150 |
SureStart Account | $40 |
Personal Chequing Account | $200 |
Personal Chequing Plus Account | $2,000 |
Personal Senior Savers Account | $200 |
Personal Senior Chequing Account | $200 |
Direct Banking Savings Account | $25 |
Platinum Chequing Account | $10,000 |
USD Savings Account | US$1,000 |
BVI | |
Personal Savings Account | $100 |
Personal Savings Plus Account | $2,000 |
Direct Banking Account | $50 |
SureStart Account | $10 |
Personal Chequing Account | $100 |
Personal Chequing Plus Account | $1,500 |
Personal Senior Savers Account | $600 |
Personal Senior Chequing Account | $300 |
Cayman | |
Personal Savings Account | $200 |
Personal Savings Plus Account | $1,000 |
Direct Banking Account | $50 |
SureStart Account | $20 |
Personal Chequing Account | $100 |
Personal Chequing Plus Account | $1,500 |
Personal Senior Savers Account | $250 |
Personal Senior Chequing Account | $250 |
Platinum Chequing Account | $10,000 |
St. Kitts | |
Personal Savings Account | $200 |
Personal Savings Plus Account | $2,000 |
Direct Banking Account | $100 |
SureStart Account | $40 |
Personal Chequing Account | $200 |
Personal Chequing Plus Account | $2,500 |
Personal Senior Savers Account | $200 |
Personal Senior Chequing Account | $200 |
Platinum Chequing Account | $10,000 |
St. Lucia | |
Personal Savings Account | $200 |
Personal Savings Plus Account | $4,000 |
Direct Banking Account | $150 |
SureStart Account | $40 |
Personal Chequing Account | $300 |
Personal Chequing Plus Account | $2,500 |
Personal Senior Savers Account | $200 |
Personal Senior Chequing Account | $300 |
Platinum Chequing Account | $10,000 |
St. Maarten | |
Personal Savings Account | $200 |
Personal Savings Plus Account | $2,000 |
Direct Banking Account | $100 |
SureStart Account | $20 |
Personal Chequing Account | $300 |
Personal Chequing Plus Account | $2,500 |
Personal Senior Savers Account | $200 |
Personal Senior Chequing Account | $300 |
Platinum Chequing Account | $10,000 |
TCI | |
Personal Savings Account | $100 |
Personal Savings Plus Account | $500 |
Direct Banking Account | $50 |
SureStart Account | $20 |
Personal Chequing Account | $100 |
Personal Chequing Plus Account | $200 |
Personal Senior Savers Account | $100 |
Personal Senior Chequing Account | $100 |
Platinum Chequing Account | $10,000 |
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