Bank Accounts for Bahamian Companies

Corporate Bank Accounts in The Bahamas

Opening a corporate bank account is a critical step after forming or acquiring a company in The Bahamas. ShelfCompanies24 has established strong relationships with major Bahamian banks and assists clients with the entire account opening process.

Major Banks in The Bahamas

We work with the following banks and financial institutions in The Bahamas:

• Royal Bank of Canada, CIBC, Scotiabank, Fidelity Bank

Major offshore banking center. USD-pegged currency eliminates exchange risk.

Account Opening Process

1. Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
2. Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
3. Application submission — We submit the account application to the selected bank on your behalf.
4. Compliance review — The bank conducts its KYC/AML due diligence checks.
5. Account activation — Once approved, you receive account details, online banking credentials, and payment cards.

Required Documents

• Certificate of incorporation
• Articles of association
• Register of directors and shareholders
• Passport copies of all directors and beneficial owners
• Proof of address for all directors and beneficial owners
• Description of business activities and expected turnover
• Source of funds documentation

Account Features

Feature	Details
Currency	BSD (Bahamian Dollar, pegged to USD) + multi-currency options available
Online Banking	Available with most banks
Debit/Credit Cards	Corporate cards available
SEPA Transfers	The Bahamas banks support SEPA payments
International Transfers	SWIFT transfers worldwide

For assistance with opening a corporate bank account in The Bahamas, please contact our consultants.

Related Services in The Bahamas

• Overview of The Bahamas — Shelf Companies & Company Formation
• Company Formation in The Bahamas
• Ready-Made Shelf Companies in The Bahamas

Frequently Asked Questions

Which banks can I open an account with in The Bahamas?

We work with major banks in The Bahamas including Royal Bank of Canada, CIBC, Scotiabank, Fidelity Bank. We recommend the best bank based on your business needs.

Can I open a bank account in The Bahamas remotely?

Remote account opening depends on the bank’s policy. Some Bahamian banks allow remote opening while others require a personal visit. Our team advises on the best approach.

What documents are needed to open a corporate bank account in The Bahamas?

You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.

How long does it take to open a business bank account in The Bahamas?

The account opening process in The Bahamas typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.