We can help you with opening a personal account with a top bank in Dominica. Our recommended, respected financial institution offers various banking services for both individuals and businesses, including non-residents. With a solid commitment to client confidentiality, customer information is securely protected under Dominica’s bank secrecy laws.
Our services are designed to ensure a seamless and efficient account opening process, granting you access to a wide range of banking products and services. Whether you’re an individual seeking personal banking solutions or a business in need of corporate account management, the recommended bank in Dominica, with its professional approach, is well-equipped to meet your needs with flexibility and professionalism. Moreover, the bank’s robust online banking platform allows you to manage your accounts from anywhere in the world, ensuring convenience and ease of access at all times.
Benefits of the Bank of Dominica
The Bank of Dominica is closely regulated and supervised by the Financial Services Unit (FSU), which is part of the Ministry of Economy and Planning of the Commonwealth of Dominica. The bank adheres to the supervision standards set by the Eastern Caribbean Central Bank (ECCB). It is committed to meeting international anti-money laundering standards and ensuring the security and confidence of our clients.
- Multicurrency accounts
- Deposits
- Precious metals
- Credit/debit cards
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Check the list of required documents, and get the details of the process, terms, and costs.
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Advantages of Partnering with the Bank of Dominica
- Non-resident services. The bank offers flexible terms for non-residents to open personal or corporate accounts swiftly.
- Online banking. Our convenient online banking services empower you to manage your accounts from anywhere in the world, putting you in control of your finances and providing you with the flexibility you need.
- Investment opportunities. We offer a variety of investment options to assist you in preserving and increasing your capital, fostering a sense of optimism about your financial future.
Countries Excluded from Cooperation
The Bank of Dominica does not cooperate with residents from the following countries:
- Afghanistan
- Iran
- South Sudan
- Belarus
- Iraq
- Sudan
- Bosnia and Herzegovina
- Libya
- Syria
- Central African Republic
- Myanmar
- Democratic Republic of Congo
- Nicaragua
- Venezuela
- Cuba
- North Korea
- Yemen
- Eritrea
- Zimbabwe
- Ethiopia
- Somalia
Note: this list is constantly being updated, so contact us to see if you are eligible. It is particularly applicable for citizens of sanctioned countries.
Opening a Personal Account: Rates
| Service | USD total value |
| One-time contribution at the initial stage | 100 |
| Minimum initial deposit for standard personal account | 15,000 |
| Minimum balance | 15,000 |
| Monthly maintenance | 100 |
| Multicurrency savings account opening fee | 900 |
| Minimum initial deposit for a savings account | 30,000 |
| Minimum balance | 30,000 |
Bank Fees and Commissions
| Service details | USD total value |
| Account closure | 1% of the transferred amount |
| Bank transfer | 40 |
| Incoming transfers in EUR* | 40 per transfer |
| Incoming transfers in USD** | 50 per transfer |
| Outgoing transfer (EUR, GBP, CHF ***) | |
| 1,000-249,999.99 | EUR 150 |
| 250,000-999,999 | EUR 300 |
| 1,000,000 | EUR 0.15%, minimum EUR 1,000 |
| Outgoing transfer in USD | |
| 1,000-249,999.99 | USD 150 |
| 250,000-999,999 | USD 300 |
| 1,000,000 | USD 0.15%, minimum 950 per transfer |
| SWIFT | USD 100 |
| Refunds | USD 100 per transaction |
*Except for Money Market Premium accounts
**Variations by account category
***Price may vary depending on the specific amount
Required Documents for Opening a Personal Account
To open a personal account with a bank in Dominica, you will need the following documents:
- A notarized copy of your passport
- Utility bills for the last three months
- A reference letter from your current bank
- A completed banking form
Additionally, a videoconferencing interview will be conducted as part of the process.
How to Open a Personal Account with a Dominican Bank
Navigating international banking can be complex, which is why we offer comprehensive support tailored to your unique needs. From gathering and preparing the required documents to facilitating the mandatory videoconferencing interview, our team will be with you every step of the way. Our expertise and commitment to customer satisfaction ensure that you can confidently open and manage your personal account with the Bank of Dominica.
15 July 2020 