
Open a Bank Account in Saint Lucia
Saint Lucia has become in recent years a popular offshore financial services center due to its pro-business legal framework. Saint Lucia’s international financial services sector, with first and foremost banking and finance have experienced rapid growth over the last years. In addition, St. Lucia’s financial system has never been blacklisted and has escaped international scrutiny and foreign governmental pressure to disclose details of its offshore financial operations.
We can help you open business and personal accounts with in Saint Lucia. Accounts are available for both companies and individuals. We work with 2 different banks in Saint Lucia. Each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs:
- Saint Lucia Bank Option 1 (Business Account, Personal Account)
- Saint Lucia Bank Option 2 (Business Account, Personal Account)
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.
Saint Lucia Bank Option 1 (Boslil Bank)
Account Details
Eligibility | Local and Foreign Companies |
Account type and Currency | Corporate Multi-Currency Deposit Accounts (USD, GBP, EUR, CAD, JPY, AUD, HKD, NZD, SEK, CHF, THB, NOK, ZAR, AED, XCD) |
Minimum Initial Deposit | USD 5,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 5,000.00 |
Online Banking | Internet Banking |
Cards (Currency) | Credit Cards |
Other Services | International Payroll Services Financial Escrow services Wealth Management |
Remote opening: no personal visit to Saint Lucia is required.
Account Details
Eligibility | Nonresident individuals |
Account type and Currency | Multi-Currency Deposit Accounts (USD, GBP, EUR, CAD, JPY, AUD, HKD, NZD, SEK, CHF, THB, NOK, ZAR, AED, XCD) |
Minimum Initial Deposit | USD 5,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 5,000.00 |
Online Banking | Internet Banking |
Cards (Currency) | Credit Cards |
Other Services | International Payroll Services Financial Escrow services Wealth Management |
Remote opening: no personal visit to Saint Lucia is required.
- Business Account
-
Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Multi-Currency Deposit Accounts (USD, GBP, EUR, CAD, JPY, AUD, HKD, NZD, SEK, CHF, THB, NOK, ZAR, AED, XCD) Minimum Initial Deposit USD 5,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 5,000.00 Online Banking Internet Banking Cards (Currency) Credit Cards Other Services International Payroll Services
Financial Escrow services
Wealth ManagementRemote opening: no personal visit to Saint Lucia is required.
- Personal Account
-
Account Details
Eligibility Nonresident individuals Account type and Currency Multi-Currency Deposit Accounts (USD, GBP, EUR, CAD, JPY, AUD, HKD, NZD, SEK, CHF, THB, NOK, ZAR, AED, XCD) Minimum Initial Deposit USD 5,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 5,000.00 Online Banking Internet Banking Cards (Currency) Credit Cards Other Services International Payroll Services
Financial Escrow services
Wealth ManagementRemote opening: no personal visit to Saint Lucia is required.
Saint Lucia Bank Option 2 (Hermes Bank)
Account Details
Eligibility | Local and Foreign Companies |
Account type and Currency | Corporate Current Accounts (USD, EUR, GBP, CNY, HKD, CHF) |
Minimum Initial Deposit | EUR 5,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | EUR 5,000.00 |
Online Banking | Internet Banking |
Cards (Currency) | Prepaid Debit Cards |
Other Services | Time Deposits |
Remote opening: no personal visit to Saint Lucia is required.
Account Details
Eligibility | International Individuals |
Account type and Currency | Personal Current Accounts (USD, EUR, GBP, CNY, HKD, CHF) |
Minimum Initial Deposit | EUR 5,000.00 |
Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | EUR 5,000.00 |
Online Banking | Internet Banking |
Cards (Currency) | Prepaid Debit Cards |
Other Services | Time Deposits |
Remote opening: no personal visit to Saint Lucia is required.
- Business Account
-
Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Current Accounts (USD, EUR, GBP, CNY, HKD, CHF) Minimum Initial Deposit EUR 5,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) EUR 5,000.00 Online Banking Internet Banking Cards (Currency) Prepaid Debit Cards Other Services Time Deposits Remote opening: no personal visit to Saint Lucia is required.
- Personal Account
-
Account Details
Eligibility International Individuals Account type and Currency Personal Current Accounts (USD, EUR, GBP, CNY, HKD, CHF) Minimum Initial Deposit EUR 5,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) EUR 5,000.00 Online Banking Internet Banking Cards (Currency) Prepaid Debit Cards Other Services Time Deposits Remote opening: no personal visit to Saint Lucia is required.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.