Getting Started Opening an Account Page |JMMB Group Trinidad and Tobago (2024)

FAQs

What is required to open a group bank account? ›

Requirements and process:

Prospective account holders can approach banks like Bank of America, Chase, TD, Citibank, and Wells Fargo, which offer noncitizen accounts. Essential requirements include two forms of TT ID (passport, driver's license) and proof of a US address.

Requirements for opening a checking account generally include a valid, government-issued photo ID such as a driver's license, state ID or passport. You'll also need basic personal information, such as your birthdate, Social Security number, taxpayer identification number or phone number.

Opening balance - Kes 200.

Yes, non-resident aliens are able to open US bank accounts. They still need to provide the required documentation to prove their identity, address, and employment as well as a US Taxpayer document.

Valid Government Issued Identification – Passport, Driver's License, Voter Identification card, State Identification, Citizenship Card. TRN, SSN, NI card, SIN. Proof of Address – Utility Bill, Bank Statement, Credit Card Statement (which should be 6 months old or less), Address Verification Form for Jamaican residents.

A foreigner wishing to open a bank account will need to go to the local branch of their chosen bank with any documents that are needed, along with valid photo identification.

What is the minimum balance for JMMB? ›

Boost your savings with JMMB. Features: Minimum opening balance TT$250 / US$100.

Jamaica Money Market Brokers (JMMB) opened for business in November 1992, as the first money market broker in Jamaica. In October 2007, JMMB Puesto de Bolsa opened its doors in the Dominican Republic.

Banking Systems

There are eight commercial banks in TT, comprising a mix of local and foreign banks. Citibank is the only American bank operating in TT.

To open a checking account, you must provide government-issued identification with your photo, your Social Security card or Taxpayer Identification Number, and proof of your address. However, some special account types may require additional information.

Can I open a bank account without a SSN? Yes, it's possible to open a bank account as an undocumented immigrant or without having a Social Security number. You'll need to provide other forms of proof of ID, such as a passport, driver's license, consular ID or birth certificate.

Having a group bank account is the best way to make sure the group's money is kept safely. Most high street banks offer special accounts for community groups. You will need to have at least two members of the group willing to act as signatories.

Each person named on the account has their own debit card (where one is offered) and their own online and mobile banking log-in details, with the pot of money shared by both. You can open most current accounts and savings accounts jointly, though some providers – especially in the savings space – don't allow it.

How to open a joint bank account. Opening a joint bank account is fairly straightforward. You can either select the “joint account” option on an application or add a co-applicant after filling in one person's details. Each co-owner must provide a government-issued ID and some banks may require proof of address.

What is Group Banking? Group banking is a term that refers to a type of banking plan offered to groups such as employees in a corporation of people instead of individuals. These plans provide incentives and other benefits for those who participate, which are not readily available to the bank's other customers.