TCBC 50th Anniversary Celebration

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Turks and Caicos Banking Company Ltd. (TCBC) celebrates its 50th anniversary since being incorporated in the Turks & Caicos Islands. The bank obtained its banking license on May 1st, 1974, and opened its doors to the public in 1980 under the leadership of Anton Faessler, at what was known as Harbor House in Grand Turk, the islands’ first commercial building.

As the oldest banking institution in the TCI, TCBC was founded around a time where the vision and ambitions of TCI were grand. The country was establishing a new constitution along with its first formal government and the economy was gradually transitioning away from its historic industries of salt and fishing into a new era where tourism and financial services would be the primary drivers of the modern economy.

Originally established as a traditional private bank with an emphasis on exceptional and personalised banking, TCBC has remained steadfast as a pillar of banking within the country over the decades, growing alongside the TCI. Its mission statement has and remains the same “to offer efficient, reliable, banking services at an international standard that maximizes outcomes for TCBC’s clients, staff and the wider Turks and Caicos society”.

Recognising the need to offer its bespoke service to the wider public, the bank opened a second location in Providenciales in 2002, occupying an office in the Caribbean Place. In 2011, the bank moved to its current location in the Regent Village in Grace Bay and the Grand Turk branch was closed. Over the recent years, TCBC has continued to evolve and expand its range of banking services and offerings. The bank will soon introduce debit and credit cards to further enhance the overall banking experience offered to its clients without compromising its commitment to high quality customer service.

David J. Bee, who has been with TCBC since 2008 and the bank’s CEO for the last 9 years, sees this milestone as “an indication of stability and the banks’ ability to adapt to various economic conditions”.

TCBC will be hosting hosted a clients’ appreciation day on the 1st of May 2024 to commemorate its 50th anniversary at its Grace Bay office.

New Debit Card Program

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Dear TCBC Client,                                                       

Turks and Caicos Banking Ltd. (“TCBC”) is excited to inform you of the launch of its Debit Card program.

Partnering with Mastercard, TCBC will be offering two premium debit cards:

  1. Mastercard Debit Platinum
  2. Mastercard Debit Black

To qualify for the Mastercard Black Debit Card, an average account balance of USD 100,000.00 with TCBC is required.

Please complete the relevant application form if you would like to apply for a Debit Card. You can specify the card type as well as how many cards you need. Cards are available for personal as well as corporate account holders. Once completed please send the application to cards@tcbc.tc or deliver it to our office.

Once confirmed, the bank will inform you when the card/s will be available for collection.

In the coming months, following the rollout of the Debit Card program, we will also be introducing a Credit Card program, which will consist of Mastercard Platinum and Black Credit Cards.

For more information on each card, its differences, features, benefits, and fees and limits please visit the Cards page.

Please feel free to contact us if you have any questions or comments.

Your TCBC Team

Hours of Operations – 2023 Holiday Season

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Thank you for being our valued customer. We would like to wish you a Merry Christmas that is full of joy and happiness.

The following are our hours of operations into 2024:

  • December 22nd, 2023 – 8:30am to 1:00pm
  • December 25th and 26th, 2023 – Public Holidays Closed
  • December 27th and 28th, 2023 – Normal Hours 8:30am to 4:30pm
  • December 29th, 2023 – 8:30am to 1:00pm
  • January 1st, 2024 – Public Holiday Closed
  • January 2nd, 2024 – resume normal business hours

Changes to our Operations

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We would like to inform you that the existing banking relationship between Turks and Caicos Banking Co. Ltd. and CIBC First Caribbean (“FCIB”) will end effective October 31st, 2021.

Changes of processes and products:

  • Transfers to FCIB Accounts will still be possible with two options available:
    • International Wire Transfer at a cost of $15.00
    • Certified Managers cheques / Bank drafts at a cost of $10.00
  • We will no longer have a direct connection with FCIB
  • We will not be able to receive or send online transfers locally
  • BUT we will introduce:
  • We will continue to provide bill payment services at the usual rate.
  • Deposits to TCBC can be made via two options:
    • International Wire Transfers
    • In Person Visits to our Office (cheque or cash)

Please feel free to contact us if you have any questions.

Your TCBC Team.

COVID-19 & TCBC Guidelines

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Valued Customers,

During the time of the island wide curfew (until April 14th) the operating hours of the Banks in the TCI have been reduced to 9.30am to 1.30pm.

Turks and Caicos Banking Co. Ltd. (TCBC) is a private bank and offers limited commercial services and we have therefore decided to reduce our work force and have most employees working remotely to protect as many as possible. This is also in line with the guidelines of the Turks and Caicos Government.

In that regard, the following TCBC guidelines have been established:

  • Instead of a face to face meeting, please call our office via +1 (649) 941-4994 or send an email to services@tcbc.tc, if you cannot get through to us via telephone call
  • You can of course contact your relationship manager or the person you are usually in contact with directly. We will and have the necessary setup to assist you as always
  • Please consider direct deposits instead of cheque deposit within the Bank
  • If you require funds from us, please allow us to remit funds via transfer instead of cheque
  • Because of the three weeks curfew and the Government guidelines it could be that all employees are working remotely from time to time. Please be assured that all key functions are
    covered with remote access.

These guidelines are naturally additions to all the already existing ones which are in line with the recommendation of TCIG, FSC, WHO and CDC.

During this difficult time, we wish for all to join forces in reducing the spread of this deadly disease.

Thank you very much for your kind understanding and patience in this extraordinary situation!!

Your TCBC Team

New TCBC website launched

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We’re excited to announce that our new and refreshed website is live. The updated site includes changes to the design that better convey our personal and corporate banking services on modern screen formats such as mobile phones and tablets. We’ve also improved the structure of our content so you’ll find relevant information more quickly.

Our new website platform was developed on a heavily customized content management system which makes it easy for us to manage. You can expect our new website to update frequently as we continuously aim to improve our clients experience.

About Turks and Caicos Banking Company

Press Release

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The Turks and Caicos Banking Company, the country’s oldest independent private bank, has announced plans to restructure its operations by consolidating its activities into its new headquarters in Regent Village on Grace Bay Road in Providenciales, where it will continue to serve its Grand Turk clients. This will formally take effect upon final approval of the Financial Services Commission.

“We are very proud of our history in Turks and Caicos and see a bright future for the bank and its clients throughout the Islands,” said Anton Faessler, TCBC President. “Our new office provides us with an opportunity to expand and enhance our products for all of our clients.”

As a private bank TCBC has been a leader in providing offshore banking services to its clients for over 30 years, and has been consistently profitable throughout its existence. The company established its head office at Caribbean Place in Provo in 2002 and moved to its new location earlier this month. With assets approaching $100,000,000, assets under management of $45,000,000 and a strong balance sheet, TCBC works closely with its clients in areas including wealth management, lending, and currency management. In addition it has correspondent banking and brokerage relationships with leading financial institutions throughout the world.