Checking Account

Characteristics and Benefits:

Requirements for Natural Person:

  • Opening amount and minimum monthly average of $250.00
  • Copy of valid ID card (locals) / copy of valid passport (foreigners)
  • Second identification (in the case of foreigners, ID card of their country of origin, driver license, or social security card are valid)
  • Fully completed application form provided by the bank
  • Two (2) banking, commercial (original, with validity of more than 30 days) or APC reference letters (in the case of the latter, of more than one entity). The letters can be alternated, i.e., one banking letter with one commercial letter. Applies for foreigners
  • Proof of income of the customer (work certificate, tax return, or income statements). Applies for foreigners
  • Cost per confirmation of reference letter: $10.00 per letter. Applies for foreigners

Requirements for Legal Entity:

  • Opening amount and monthly average: $1,000.00.
  • Articles of Incorporation (original)
  • Public Registry Certificate (original, with validity of no more than 30 days)
  • Copy of identity card or passport and second ID (in the case of foreigners, the ID Card of their country of origin, driver license, or social security card may work as second ID) of each one of the executive officers, members of the Board of Directors, and directors of the company
  • ID card or passport and second identification of each of the signatories of the account
  • Two (2) banking reference letters from each of the signatories of the account, commercial references (original, with validity of no more than 30 days) or APC references (in the case of the latter, of more than one entity). The letters can be alternated, i.e., one banking letter with one commercial letter
  • Minutes of Shareholders’ Meeting requesting the opening of the account, appointing the signatories, indicating the way they are going to sign in the account, and requesting the affiliation to Online Banking
    Note: Debit card application is made through the Form provided by the Bank.
    **Both application forms will be transcribed to the Minutes provided by the bank for the process
  • Two banking and commercial reference letters of the company, if it has more than 1 year of operation
    **If the company is new, please bring two commercial reference letters (suppliers or customers). If the company does not have such letters, signatories’ letters will be accepted.
  • Documents to demonstrate the source of the funds that will feed the account, and if it has any relationship with company(ies) abroad, Financial Statements of such company(ies)
  • Provide document or note describing the activity of the company
  • Monthly charge for minimum average balance: $50.00 (Applies for foreigners)
  • Cost per confirmation of reference letter: $10.00 per letter (Applies for foreigners)

Requirements for Private Foundations:

  • Incorporation Articles
  • Special powers of attorney
  • Statement establishing the founder(s), protector, Founding Board, or Board of Directors, true owners and beneficiaries
  • Sworn statement for Private Foundation