Commercial Chequing Account

Our 3 in 1 Business Package of a Commercial Chequing Account, Free Online Banking and Free Night Safe Service, provides convenient features and helps businesses of all sizes achieve their goals.
Welcome to the modern way of business banking!

• Product Information
• Features and Benefits
• Rates and Fees
• Financial Tools & Templates
• How To Apply
• Troubleshoot Guide

Our Commercial Account is ideal for businesses of all types including:

• Sole Trader
• Partnership
• Limited Liability Companies
• Clubs/Societies/Association/NGOs/NPOs/Charity/Trust
• External Companies also registered in Trinidad and Tobago

This chequing account is a 3 in 1 Business Package, which includes Free Corporate Online Banking and Free Night Safe Service.

The minimum opening balance is any amount from $1.00 upwards.

We have provided simple financial tools and templates for you!

• Financial Statements Guide

• Business Account Request Letter
• Utility Bill Authorisation Letter
• Financial Statements – Business in operation more than 1 year
  • Income Statement
  • Sample Income Statement
  • Balance Sheet
  • Sample Balance Sheet
  • Cash Flow Statement
  • Sample Cash Flow Statement
  • Projected Income Statement
  • Projected Balance Sheet
  • Projected Cash Flow

  *Kindly visit the Office of the Attorney General and Ministry of Legal Affairs website for further information and guidance on the completion of Return Of Beneficial Interest In The Shares Of A Company – Form 45.

  Service Charge - Maintenance fee $25.00 plus a transaction fee of $1.00

  Overdraft Facility Fee - $23.00

  Surcharge on large cash deposit at teller– 0.1% (if equal or greater than $250,000 and if completed within the last hour prior to the close of the business day).

  NB. This fee is not applicable for deposits via the night safe service.

  Cheque Books (Regular):

  • 2 x 50 - $43.00
  • 1 x 100 - $43.00
  • 4 x 50 - $72.00

  Night Safe Bags - $225 per 100 bags

  You now have application options to select from for your Republic Commercial Account!

  OPTION 1. Apply online now!
  1. Click here to apply online (recommended browsers include Safari, Chrome, Firefox and Edge).
  2. Submit all documentary requirements to your selected branch email.
  3. Visit the branch on your scheduled appointment date (within 4 business days of submitting documents), simply to sign!

  OPTION 2. Package delivery. Submit all required business documentation to a branch of your choice. You will receive a schedule appointment within 4 working days for signing.
  *Download a list of documentary requirements for your business type from our Tools Section (on the right panel of the screen).

  OPTION 3. Branch visit. Visit a branch of your choice with all required business documentation and have your account opened as a walk-in customer. Do note that this will be on a first come basis and will require all authorised signatories to be present.
  *Download a list of documentary requirements for your business type from our Tools Section (on the right panel of the screen).

  I did not receive an email after submitting the online registration form
  • Option 1. Please check your junk and spam folders.
    If your email was sent to these folders it can be as a result of the company’s or email provider’s email server anti-spam rules. As such, you or your IT Department can mark our email address smebusiness@rfhl.com as “safe”, to avoid future emails being sent to your junk or spam folder.

  Note also that email providers have varying levels of virus and spam protection, which sometimes restrict the delivery of emails from banks and other business entities.

  I received the email but cannot access the links within it
  • Option 1. Contact your IT Department if using a company email address
    Links not working / accessible in emails could be a result of security rules on a company’s email server.

  • Commercial Account Assessment Form
  • A list of documentary requirements for your business type
  • o Business Account Request Letter
  The email links are opening as a web browser page and I am unable to save or execute pdf functions
  • Option 1. Set Adobe Acrobat DC as the default program for opening pdf files

  

  
  

• Option 3. Contact your IT Department if using a company email address
  This can be a result of the company’s default options for the device that you are using. Specific settings may have been configured for opening or saving pdfs.
  

The failed mail delivery notice is often an indication that your attachment/s exceeded the bank's maximum file size of 10MB or an incorrect email address was used. The following options are common solutions to this problem.

Option 1. Ensure the branch email address was entered accurately.

How to create a Zip File in Windows
Step 1: Select the files you want to add to the zip file.

Step 2: Right-click one of the files. A menu will appear.

Step 3: In the menu, click Send to and select Compressed (zipped) folder.

Step 4: A zip file will appear. Rename the Folder if necessary.

Option 4. Compress your PDF documents before attaching to the email.
How to reduce your PDF Size using Adobe Acrobat DC
Step 1: Open the software Adobe Acrobat DC, select the Tools tab at the top left, and scroll down to find Optimize PDF tool. Click on the Open button to choose a PDF file.

Step 2: In the Open dialog box, navigate to the PDF file you want to compress, select it, and then click on the Open button.

Step 3: Click on Reduce File Size on the upper side of the file.

Step 4: A dialog box named Reduce File Size pops up. Keep the default setting of Acrobat Version Compatibility as Retain existing. Then click on the OK button. Choose the location where you want to save the compressed PDF file in a pop-up window, and Adobe Acrobat Reader DC starts the process of reducing PDF file size.


Customers are discouraged from using online cloud storage solutions, such as Google Drive, One Drive, Dropbox, etc., when submitting documents. These sites are restricted internally and documents will be inaccessible.

• Email or call the branch to confirm receipt of your application.