Tuesday, August 22, 2017
   
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Services Offered By Commercial Banks

The Commercial Banks in Guyana offer a number of services to the general public. Below is a list of some of the services offered:

  • Deposit/Investment Accounts:
    • Savings
    • Fixed (Term) Deposits
    • Special Investment Accounts
    • Corporate/Personal Chequing Accounts
    • Foreign Currency Accounts
  • Credit Facilities:
    • Loans/Mortgages
    • Overdrafts
    • Bonds
  • Trade Financing (Export/Import Trade Financing):
    • Letter of Credit
    • Bill Discounting
    • Invoice Financing
    • Bills for Collection
    • Bank Guarantee and Confirmations
    • Inventory Financing
  • Foreign Trade:
    • Draft/Money Orders Negotiation
    • Electronic Funds Transfers
    • Traveler’s Cheques
  • Night Deposit Facilities
  • Safety Deposit Boxes
  • Payroll Processing
  • Card Services:
    • Credit Cards (Local and Foreign)
    • Debit Cards
  • Automated Teller Machines (ATMs)
  • Point of Sales (POS) Terminals
  • Telephone Banking
  • Payment of Utility Bills
  • Internet Banking
  • Manager’s Cheques
  • Letter of Introduction
  • Balance Confirmation (Audit Queries)
  • Credit Enquiries Letters
  • Standing Orders
  • Encashment of Cheques/withdrawal of Funds from Accounts