DEMAND DEPOSIT ACCOUNT

Most commonly used for International Business Companies (IBCs)

This is a non-interest bearing account.

Checks cannot be drawn on this account.

The minimum amount required to open an account is US$1,000.00

This balance is required to be maintained at all times and a US$25.00 charge is applicable if the balance falls below US$1,000.00.

There is a monthly Account Maintenance fee of US$10.00 payable annually

The following documents are required:

CHECK LIST
Notarized color copy of passport
• Pages in passport showing Signature and Photograph

Two Bank References
Each reference must mention the following:
• Date that the account was opened
• Type of account/business that the client has with the bank
• Average balance kept in the account
• Any other information that shows that the client has handled the account to that bank's satisfaction

Memorandum and Articles of Association of the Company

Certificate of Incorporation of the Company

Copy of the Resolution appointing Directors of the Company

Copy of Share Certificates issued

Bearer Share Undertaking Form - if bearer share was issued

Certificate of Good Standing for IBCs
(if it has been incorporated more than 3 years ago or if the IBC was incorporated in a jurisdiction other than Belize)

The following forms are also required for this account and need to be signed. These forms are in PDF format (get the reader)


Click the links below to download the following Application Forms:
Demand Deposit Account Application Form
Anticipated Activity Form
Operation & Verification of Account Agreement Form
Resolution of Directors Form
Signature Record Form
Bearer Share Undertaking Form If Needed