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Opening a new bank account is less tedious than the process might appear and Eastern Caribbean Amalgamated Bank (ECAB) is committed to ensuring that our customer accounts are opened with seamless efficiency.  Our friendly New Account Officers are available to assist you in developing a sound banking program that is tailored to your needs.

As a financial institution, we are required to obtain and maintain accurate customer information as is required under the ‘Know your customer policy’ as set out in the Anti-Money Laundering Regulations. As a result, all new account applicants must appear in person and provide the necessary supporting documentation to satisfy the regulatory guidelines.

New accounts can be opened at any of our four conveniently located branches which include the main branch at Coolidge, St. John’s (High & Thames Street), Nelson’s Dockyard and Jolly Harbor.

You may download and complete your new account application online and simply contact one of our Customer Service Representatives to schedule an appointment for you to bring your supporting documents to the bank to complete the process.

 

DOCUMENTATION REQUIREMENTS:

Nationals:

  • Valid (unexpired) Photo ID for each signatory on the Account. (The primary form of Identification is the Passport).
  • Proof of Address (no more than three months old): Utility Bill, Driver’s License, Bank Account Statement, Electoral Card, Lease/Tenancy Agreement
  • Original Bank Reference (if applicable)
  • Confirmation of source of wealth and funds: letter from employer or company/business verifying occupation, position held and amount of income; contracts; invoices; probate /letters of administration; etc.
  • Confirmation of US Citizenship Status

If US citizen, customer must provide the following information:

  • US Passport and/or Alien Card
  • Social Security Number (individuals)
  • Tax/Employer Identification Number (entities)
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

  • W-8BEN Disclosure for Non-US Persons

Non-Nationals (Residing in Antigua & Barbuda):

  • Valid (unexpired) Photo ID for each signatory on the Account. (The primary form of Identification is the Passport).
  • Proof of Address (no more than three months old): Utility Bill, Driver’s License, Bank Account Statement, Electoral Card, Lease/Tenancy Agreement
  • Original Bank Reference (if applicable)
  • Proof of temporary residency and/or valid work permit
  • Confirmation of source of wealth and funds: letter from employer or company/business verifying occupation, position held and amount of income; contracts; invoices; probate /letters of administration; etc.
  • Confirmation of US Citizenship Status

If US citizen, customer must provide the following information:

  • US Passport and/or Alien Card
  • Social Security Number (individuals)
  • Tax/Employer Identification Number (entities)
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

W-8BEN Disclosure for Non-US Persons

Non-Residents (Nationals Not Residing in Antigua & Barbuda):

  • Valid (unexpired) Photo ID for each signatory on the Account. (The primary form of Identification is the Passport).
  • Proof of Address (no more than three months old): Utility Bill, Driver’s License, Bank Account Statement, Electoral Card, Lease/Tenancy Agreement
  • Original Bank Reference (if applicable)
  • Information sufficient to satisfy visible economic or lawful association in Antigua - Proof of property ownership and/or business association in Antigua, non-citizens land holding license
  • A letter of request and introduction, stating the purpose of the account; the amount of funds expected to be deposited or wired to the account annually and the source of these funds
  • Confirmation of source of wealth and funds: letter from employer or company/business verifying occupation, position held and amount of income; contracts; invoices; probate /letters of administration; etc.
  • Confirmation of US Citizenship Status

If US citizen, customer must provide the following information:

  • US Passport and/or Alien Card
  • Social Security Number (individuals)
  • Tax/Employer Identification Number (entities)
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

W-8BEN Disclosure for Non-US Persons

International Student:

Students attending institutions such as, University of Health Sciences or American University of Antigua require the following:

  • Valid (unexpired) Photo ID for each signatory on the Account. (The primary form of Identification is the Passport).
  • Proof of Address (no more than three months old): Utility Bill, Driver’s License, Bank Account Statement, Electoral Card, Lease/Tenancy Agreement
  • Original Bank Reference (if applicable)
  • A letter from the institution confirming enrollment
  • Confirmation of US Citizenship Status

If US citizen, customer must provide the following information:

  • US Passport and/or Alien Card
  • Social Security Number
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

  • W-8BEN Disclosure for Non-US Persons

Corporate Account Requirements:

  • A letter of request to open the account, to include:
  • The nature of the business
  • The names of all shareholders and directors
  • The names of all signatories
  • Assignment of signatories (number of persons to sign on the account and desired signing limit)
  • Indication of cash flow expected to be processed through the account annually
  • Companies Original Board Resolution, authorizing the opening of the account including signatories, signing authority and type of account, executed in accordance with the by-laws of the Company duly sealed.
  • Original Bank Reference
  • Certificate of Incorporation (If not incorporated in Antigua & Barbuda Certificate of Externally Registered Company must accompany the Certificate of Incorporation.)
  • Certificate of Good Standing
  • Memorandum/By-laws and Articles of Association
  • Financial Statements/Management Accounts (not more than two years old)
  • Company Seal (required to seal bank documents)
  • Certificate of Incumbency – certifying the current directors and/or officers of the company/Notice of Directors/ Notice of Change of Directors with resolution in support of the Notice of Change.
  • Confirmation of source of wealth and funds
  • Confirmation of US Status - Country of Incorporation

If US, customer must provide the following information:

  • Tax/Employer Identification Number (entities)
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

  • W-8BENE Disclosure for Non-US Entities
  • Items as listed above for Nationals, Non-Nationals or Non-Residents are required for each signatory, shareholder, director and beneficial owner.

Business/Trading As:

  • A letter of request to open the account, to include:
  • The nature of the business
  • The names of all signatories
  • Assignment of signatories (number of persons to sign on the account and desired signing limit)
  • Indication of cash flow expected to be processed through the account annually
  • Original Bank Reference
  • Certificate of Registration
  • Confirmation of source of wealth and funds
  • Confirmation of US Status – Country of Registration

If US citizen, customer must provide the following information:

  • US Passport and/or Alien Card
  • Social Security Number
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

  • W-8BEN Disclosure for Non-US Persons
  • Items as listed above for Nationals, Non-Nationals or Non-Residents are required for each signatory, shareholder, director and beneficial owner.

Churches/Clubs/Societies/Associations:

  • A letter of request to open the account, to include:
  • The nature of the business
  • The names of all directors
  • The names of all signatories
  • Assignment of signatories (number of persons to sign on the account and desired signing limit)
  • Indication of cash flow expected to be processed through the account annually
  • Original Bank Reference
  • Certificate of Registration or Act (Statutory Bodies)
  • Board Resolution accordance with the by-laws/constitution, requesting the opening of the new account, to include:
  • The purpose of the account
  • Type of accounts
  • The names of all signatories
  • Assignment of signatories (number of persons to sign on the account and desired signing limit)
  • Original copy of Rules and Regulations governing the association, By-Laws etc.
  • Confirmation of source of wealth and funds
  • Confirmation of US Status - Country of Registration

If US, customer must provide the following information:

  • Tax/Employer Identification Number (entities)
  • US Address (if applicable)
  • W9 Disclosure For US Persons/Entities

If not a US citizen, customer will be required to complete:

W-8BENE Disclosure for Non-US Entities

Items as listed above for Nationals, Non-Nationals or Non-Residents are required for each signatory, member, director and beneficial owner.