The Turks & Caicos Banking Company in the Turks & Caicos Islands has an extensive range of banking and credit services incorporating current account banking, a range of deposit facilities, mortgages and lending packages, many of which can be matched to your individual requirements.

To open your Turks & Caicos Banking Company Account, request our application forms and send it along with supporting documents to our office in Providenciales. Please submit all the required documents; it will help our accounts managers to speed up their service for you immensely. The application process is free of charge and you will receive your account number notification as soon as your application has been approved.

The minimum deposit for an account is US$ 50,000 or equivalent. Deposits can be made in the following currencies: USD, CAD, GBP, EUR, CHF, AUD, NZD, NOK, JPY and ZAR.

The information you provide in the account opening process and further on as our client is held in the strictest confidence.

Turks and Caicos Banking Company provides its clients with a range of private banking services which include personal as well as corporate current and deposit accounts, bond and equity investments, transfers, drafts, foreign exchange and selected loan facilities. Account and Portfolio management can be done in major currencies such as the USD, CAD, GBP, EUR, CHF, AUD, NZD, NOK, JPY and ZAR.
The Bank holds both a local and overseas license and is regulated by the TCI Financial Services Commission and operates out of Providenciales.

Account relationships can start with a minimum of US$ 50,000.00 or equivalent in other currencies once proper identification and due diligence requirements have been met and established. The application process is free of charge and will be dealt with as quickly as possible. Once a relationship is established the bank also offers an online account and portfolio position viewing service at no extra cost.

The customer relationship is handled in absolute confidentiality and TCBC will also comply with international information exchange agreements such as US FATCA (Foreign Account Tax Compliance Act) as well as the Common Reporting Standard (CRS) based on bilateral agreements between the TCI and other jurisdictions. Clients who are subject to the requirements under such agreements can only be accepted if the appropriate documentation has been completed (W-Forms and/or Self-Certification Forms).

Additional Information:

FATCA: https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca
CRS: http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/