Opening a Bank Account in Guyana
Answer
The general rule applies to you
No exception is recorded for citizens of Jamaica on this topic. That is the answer, not a gap - everything below is the rule you get, unchanged.
81 exceptions recorded across 33 countries · none match Jamaica to Guyana · Opening a bank account
Guyana's statute book says who a bank must identify, not who it must serve. The Anti-Money Laundering and Countering the Financing of Terrorism Act forbids anonymous and fictitious-name accounts and requires a reporting entity to establish and verify the identity of every customer before a business relationship begins, naming the national identification card, the passport or another official identifying document, and the person's name, date of birth and address. Nothing in that Act or anywhere else we read conditions an account on residence, on a permit or on nationality. The Investment Act goes one step further for a foreign investor and says in terms that investors may open accounts in Guyanese dollars and in foreign convertible currency with any licensed bank. What a bank asks for beyond the statutory minimum is a matter for the bank, and we do not publish a document list we have not read from a bank's own terms.
At a glance
- Residence or permit required to open an account
- Not required by any statute we read
- Anonymous or fictitious-name accounts
- Prohibited
- Identity documents named in the Act
- The national identification card, passport or other applicable official identifying document
- Foreign currency accounts
- Investors may hold accounts in Guyanese dollars and in foreign convertible currency with any licensed bank
- Who the duty falls on
- The reporting entity, not the customer
Requirements
- Proof of identity: a national identification card, passport or other applicable official identifying document
- Name, date of birth and address
- Information on the purpose and nature of the business relationship
- For a company account: identification of the beneficial owner and of the ownership and control structure, including the customer's name, legal form, address and directors
In detail
The law identifies you; it does not admit you
Guyana's account-opening rules are anti-money-laundering rules and nothing else. Section 15 of the Anti-Money Laundering and Countering the Financing of Terrorism Act requires a reporting entity to establish and verify a customer's identity when a business relationship begins, when a transaction crosses a prescribed threshold, when money laundering is suspected, or when the entity doubts data it already holds. The documents it names are an identification record or other reliable independent source documents the Financial Intelligence Unit may request, and for a natural person the information includes name, date of birth, address and an official identifying document. There is no residence condition, no requirement of a work permit and no nationality rule anywhere in the section.
Why a document list is not published here
What a particular bank asks a newly arrived foreigner for - proof of address, a reference, a minimum balance, a tax identification number - is that bank's policy, and a bank's terms are primary evidence about that bank and about nothing else. We have not read the account-opening terms of any Guyanese bank, so we do not reproduce a list. The statutory floor is above, and it is lower than most banks will go.
Country-level policy
Guyana's statute book is published under the Law Revision Act, which establishes a Law Revision Commission chaired by the Attorney-General, lets it publish in loose-leaf or any other form it determines, and makes every authorised page bear the number of the Law Revision Order that put it there. Section 9 then says those pages are, in all courts and for all purposes, the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The authority is therefore the L.R.O. number printed at the foot of every page, and on mola.gov.gy two different numbers are in circulation. The first three volumes carry L.R.O. 1/2022; everything from volume four onwards carries L.R.O. 1/2012, which the Attorney General told the National Assembly in June 2026 shows the law as it stood on 31 December 2012. Immigration, citizenship, aliens, the CARICOM Acts, income tax, customs and road traffic are all in the older half.
What applies to you
Nothing changes for a citizen of Jamaica
We have no rule recorded that treats your citizenship differently here, so the general rule above is the one that applies to you. That is an answer, not a gap.
What the law says
«15. (1) Financial institutions shall not establish or keep
entities to
anonymous accounts or accounts in fictitious names.»The words set off on their own lines inside this quotation are the section's marginal note and the amending-Act references, which the publisher prints down the left-hand edge of the page; the extraction places them inline.
Read it at the sourceAbout this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source
«(2) Reporting entities sha11 establish the identity
[15 of 2010] and verify the identity of any customer of the reporting
entity by requiring the applicant to produce an identification
record or such other reliable, independent source documents
as the Financial Intelligence Unit may request.»The misprint "sha11" - two figure ones for the letters ll - is the publisher's. Substituted by Act 15 of 2010.
Read it at the sourceAbout this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source
«if the transaction is conducted by a
natural person, adequately identify
and verify the person's identity
including information relating to—»The two sub-paragraphs are the person's name, date of birth and address, and the national identification card, passport or other applicable official identifying document.
Read it at the sourceAbout this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source
«23. Investors may open accounts in the currency of
c.85:01 Guyana and in foreign convertible currency with any
corporate body licensed to carry on banking business in
Guyana under the Banking Act.»The words set off on their own lines inside this quotation are the section's marginal note and the amending-Act references, which the publisher prints down the left-hand edge of the page; the extraction places them inline. The marginal chapter reference is c.85:01.
Read it at the sourceAbout this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source
Practical notes
The Investment Act's reference to "the Banking Act" with the marginal chapter 85:01 does not match any chapter title we saw in the law portal's index, which lists the Bank of Guyana Act at 85:02 and the Financial Institutions Act at 85:03. The reference appears to be to the predecessor statute and has not been updated.
This record rests on section 15 of the Anti-Money Laundering and Countering the Financing of Terrorism Act, Chapter 10:11, and section 23 of the Investment Act, Chapter 73:03, both in the 2012 revised edition. We did not read the Financial Institutions Act or any Bank of Guyana supervision guideline, and nothing here is a claim about what a particular bank requires.
- consolidatesAnti-Money Laundering and Countering the Financing of Terrorism Act, Chapter 10:11
Ministry of Legal Affairs and Attorney General's Chambers, Guyana · consolidated to 2012-12-31
About this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source
- consolidatesInvestment Act, Chapter 73:03
Ministry of Legal Affairs and Attorney General's Chambers, Guyana · consolidated to 2012-12-31
About this source
Guyana's law portal, publishing the Laws of Guyana chapter by chapter as PDFs. The Law Revision Act, Chapter 2:02, makes the Law Revision Commission - chaired by the Attorney General, with the Chief Parliamentary Counsel a member by office - responsible for preparing, publishing and maintaining the edition, lets it choose the form of publication, requires every page to carry the number of the Law Revision Order that authorised it, and provides by section 9 that those pages are in all courts and for all purposes the sole and proper Statute Book of Guyana for the law in force on the relevant revision date. The portal also carries draft bills and ministry news.
Standing: Maintains the text in force
Cannot be cited for: It serves two editions at once and says so nowhere on its listing. On 2026-10-06, 52 of its 461 chapter entries carried L.R.O. 1/2022 - volumes 1 and 2 and part of volume 3 - and the remaining 409 carried L.R.O. 1/2012. The Attorney General told the National Assembly in June 2026 that 1/2012 shows the law as at 31 December 2012 and 1/2022 all laws enacted to 31 December 2022, so the L.R.O. number at the foot of each page is the only way to tell which edition you are reading. Everything that matters for migration - the Immigration Act, the Guyana Citizenship Act, the Aliens Act, all five CARICOM chapters, the Income Tax Act, the Customs Act, the Motor Vehicles and Road Traffic Act - is still in the 2012 half. It must never be cited for what the law is now: the Income Tax Act it publishes prints a flat 33 1/3 per cent and has no section 36A, while the Revenue Authority charges 25 and 35 per cent under a section 36A. It publishes no amending Acts and no statutory instruments at all, so there is nothing on the site to check a Chapter against. Several chapters omit their own subsidiary legislation or schedules and say so in a note. Filenames carry a volume label and a unix timestamp, so a chapter's URL cannot be guessed and changes when the file is replaced.
We re-read it every 60 days. More about this source