Business Chequing Accounts
Maintaining your company’s competitive advantage means managing your time and money wisely. The Business Chequing Account from First Citizens gives you hassle-free management of your company’s finances, convenient access to your funds when you need them and cost-effective business banking.
Insured by the DIC Corporation of Trinidad and Tobago. (Up to $200,000)
Simplify your daily business transactions
With your Business Chequing Account, one account allows you to make purchases and to withdraw, deposit and transfer funds to your other First Citizens business accounts.
If you have a First Citizens Point-of-Sale Terminal you can also use your Business Chequing Account as your primary sales account.
Make the most of key opportunities with easy access to your funds. With your Business Chequing Account, you can sign up for our internet-based, real-time cash management system, efirst. You can also request foreign exchange or manager’s cheques, order cheque books, stop payments on cheques and initiate international wire transfers, all online.
Manage the cost of business
Your Business Chequing Account, with competitive rates and charges, offers a cost-effective way to manage your business finances while earning interest. You can open your account with a deposit of just $500 or more.
Understand what you need to open a business account:
Please click the relevant link on the left for documents required according to business type.
Limited Liability Company
- Foreign Tax status information to be disclosed. Click here for information on tax compliance, or to download the Customer Declaration Form
- All businesses with a Global Intermediary Identification Number (GIIN), especially those classified as a Financial Institution, must provide same at account opening
- Original documentation is required
- Foreign businesses that are establishing local operations must provide a reference letter from their bank
- P.E.P (Politically Exposed Persons) Declaration. Click here to download form
The Bank reserves the right to request additional information/documentation if deemed necessary.
Required Documents for Account Opening:
- Letter of Request to open an account: Issued on Company letterhead; includes the purpose of the account; and signed by one Director and the Company Secretary, or at minimum the Company Secretary alone or as instructed in the Company’s By-Laws
- Company By-Laws (If none exists, this must be stated in the letter of request)
- Certificate of Incorporation/ Continuance
- Articles of Incorporation/ Continuance
- Notice of Directors
- Notice of Secretary
- Notice of Address
- Proof of registration with the Financial Intelligence Unit (FIU) (as applicable)
- License/permit to operate as a business (as applicable) e.g. professional license
- Proof of Identity for all Directors and Company Secretary
- Proof of Identity and Proof of Address for all Account Signatories
- Information on identity of shareholders holding 10% or more of paid up share capital
- Audited Financial Statements/ Management Accounts for the last three (3) years OR Income Projection (broken down by months) for three (3) years of operation if it is a new business. Suitable notes may be appended to justify the periods in which any abnormal activities occur. A standard business template may be utilised.
- Company Resolution: This represents the signed consent of all Directors (or quorum of Directors) of the Company to open an account at the Bank. It must indicate the names of the authorised account signatories, their specimen signatures and signing authority.
- Business Stamp (if prescribed for use in the Company’s By-laws)
All our Business Customer Agreements are located on our Home Page. For our Agreement to Establish a Limited Liability Company Account please click the link below:
For Information on our Point of Sale Service please click here.
Partnership
- Foreign tax status information to be disclosed. Click here for information on tax compliance, or to download the Customer Declaration Form
- All businesses with a Global Intermediary Identification Number (GIIN), especially those classified as a Financial Institution, must provide same at account opening
- Original documentation is required
- Foreign businesses that are establishing local operations must provide a reference letter from their bank
- P.E.P (Politically Exposed Persons) Declaration. Click here to download form
The Bank reserves the right to request additional information/documentation if deemed necessary.
Required Documents for Account Opening:
- Letter of Request to open an account signed by all Partners: This represents the consent of all Partners to open an account at the Bank; states the purpose of the account; includes the names of the authorised account signatories, their specimen signatures and signing authority.
- Certificate of Registration
- Proof of Identity and Proof of Address for all Partners
- Proof of address where the business is operating
- Partnership Agreement (If none exists, this must be stated in the letter of request)
- Audited Financial Statements/ Management Accounts for the last three (3) years OR Income Projection (broken down by months) for three (3) years of operation if it is a new business. Suitable notes may be appended to justify the periods in which any abnormal activities occur. A standard business template may be utilised.
- Proof of registration with the Financial Intelligence Unit (FIU) (as applicable)
- License/permit to operate as a business (as applicable) e.g. professional license
- Business Stamp (if utilized for business)
All our Business Customer Agreements are located on our Home Page. For our Agreement to Establish a Partnership Account please click the link below:
For Information on our Point of Sale Service please click here.
Sole Trader
- Foreign tax status information to be disclosed. Click to download the Customer Declaration Individual Form OR Customer Declaration Sole Trader Form
- All businesses with a Global Intermediary Identification Number (GIIN), especially those classified as a Financial Institution, must provide same at account opening
- Original documentation is required
- P.E.P (Politically Exposed Persons) Declaration. Click to download the P.E.P. Individuals Form or P.E.P Entities Form
The Bank reserves the right to request additional information/documentation if deemed necessary.
Required Documents for Account Opening:
- Certificate of Registration
- Proof of Identity and Proof of Address for Owner
- Proof of address where the business is operating
- Audited Financial Statements/ Management Accounts for the last three (3) years OR Income Projection (broken down by months) for three (3) years of operation if it is a new business. Suitable notes may be appended to justify the periods in which any abnormal activities occur. A standard business template may be utilised.
- Proof of registration with the Financial Intelligence Unit (FIU) (as applicable)
- License/permit to operate as a business (as applicable) e.g. professional license
- Registration with a professional body (for a non-registered private practice)
- Business Stamp (if utilized for business)
- Bank Reference (as applicable)
All our Business Customer Agreements are located on our Home Page. For our Agreement to Establish a Sole Trader Account please click the link below:
For Information on our Point of Sale Service please click here.
Non-Profit Organizations/Clubs (includes Educational and Religious Institutions)
- Foreign Tax status information must be disclosed. Click here for information on tax compliance, or to download the Customer Declaration Form
- All businesses with a Global Intermediary Identification Number (GIIN), especially those classified as a Financial Institution, must provide same at account opening
- Original documentation is required
- Foreign businesses that are establishing local operations must provide a reference letter from their bank
- P.E.P (Politically Exposed Persons) Declaration. Click here to download form
The Bank reserves the right to request additional information/documentation if deemed necessary.
Required Documents for Account Opening:
- Letter of Request to open an account: Issued on the organization’s letterhead; states the purpose of the account; includes the names of the authorized account signatories, their specimen signatures and signing authority; and signed by the President and Secretary, at minimum.
- Minutes of meeting where the decision was taken to open the account at a Bank and/or its Branch; signed by the President and Secretary at minimum, or as guided by the Constitution/ By-Laws
- Certificate of Non-Profit Organisation Registration
- Constitution/ By-Laws or other legally binding founding document for the organization
- Proof of Identity and Proof of Address for all authorised officers and account signatories
- Audited Financial Statements/ Management Accounts for the last three (3) years OR Income Projection (broken down by month) for three (3) years of operation if it is a new business. Suitable notes may be appended to justify the periods in which any abnormal activities occur. A standard business template may be utilised.
- Business Stamp (if prescribed for use in the Constitution/ By-Laws)
All our Business Customer Agreements are located on our Home Page. For our Agreement to Establish an Account for a Non-Profit Organisation/Club click the link below:
For Information on our Point of Sale Service click here
