Sole Proprietorship
If you live in the Cayman Islands, Cayman National recommends that you visit in person and arrange to speak with a Senior Customer Service Officer who will give you a brief overview of Cayman National and the full range of financial products and services it provides. Its Senior Customer Service Officer will assist you in determining which of its products and services best meet your needs and guide you through the account opening process. You will receive an account opening package containing the application forms. Cayman National recommends that you review this package, complete the forms and return them to us with the additional documents as listed on the Account Opening Documentation Checklist.
There is a minimum opening deposit required to establish a Cayman National Sole Proprietorship Bank Account.
| TYPE OF ACCOUNT | RESIDENTS |
|---|---|
| Chequing Accounts | KYD or USD 100 |
| Savings Accounts | KYD, USD, GBP, EUR or CAD 100 |
| Fixed Deposit Accounts | KYD 1,000 USD, GBP or EUR 5,000 CAD 10,000 |
**Please note that any identification and address confirmation documents you mail to Cayman National must be certified, notarised, or in the case of some address confirmation, originals. If your documents do not meet these criteria, it will delay the account opening process.
