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Open a Bank Account in Dominica
$550.00
A diversified and dynamic Dominican financial system began to develop in the post Trujillo era, when the private sector gained greater access to credit and new domestic institutions were created to meet growing credit demands. Dominica is a member of the Eastern Caribbean Currency Union (ECCU), which, defying macroeconomic pressures, has experienced continuing confidence in the financial system.
We can help you open bank accounts in Dominica.
Accounts are available for individuals.
We work with 3 different banks in Dominica.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Banfers International Private Bank (former Ferz Global Bank) (Corporate, Personal)
- EqiBank (Corporate, Personal)
- Kingdom Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Banfers International Private Bank (former Ferz Global Bank)
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 35,000-50,000 |
| Currencies | USD, EUR, GBP, CHF |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Debit/Credit Card |
Minimum initial deposit 35.000 USD, 50.000 USD - depending on the risk and account types
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | USD 25,000 - USD 35,000 |
| Currencies | USD, EUR, GBP, CHF |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Debit/Credit Card |
Minimum initial deposit 25.000 USD, 30.000 USD and 35.000 USD - depending on the risk and account types.
EqiBank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 15,000 |
| Currencies | USD, EUR, GBP |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Brokerage/Securities, Debit/Credit Card |
Account Details
| Client Profile | Day-to-day banking, Wealth Management |
| Min Deposit | USD 15,000 |
| Currencies | USD, EUR, GBP |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Brokerage Account, Debit/Credit Card |
Kingdom Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | N/A |
| Currencies | EUR, USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking |
SWIFT transactions are carried out only through a pool account in the name of the bank.
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | N/A |
| Currencies | EUR, USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account |
SWIFT transactions are carried out only through a pool account in the name of the bank.