Savings Account

Get the most out of your savings account

Minimum opening balance EC $50.00
Earns interest, paid quarterly
No withdrawal or deposit limits
No fees on deposits
Online and mobile banking

Requirements to open

Two forms of ID (driver's license, passport, national ID)
Letter of employment
Pay slip
OR if unemployed
Two character references from bankers, attorney, accountant, merchants, or well-known and respected Bank of Montserrat Limited customer
Note:
All letters must be addressed to The Manager, Bank of Montserrat Ltd, Brades, Montserrat
Documents should not be more than three months’ old

Standard Fees and Charges

Fees
Monthly maintenance fee$10
Withdrawal Fee (Five free per month, a fee is charged thereafter)$1
Replacement Passbook$25
Early account closure fee (within 3 months)$30
Request for account debit$15 per debit
Confirmation Letters/Bank Reference$30
Print of account statements$5 per sheet

The bank provides Customers at the age of 60 years and above to benefit from a higher rate of interest on savings accounts. These customers are also offered a special teller line. 

Frequently asked questions

I'm Having trouble accessing my account online. What should I do?

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How do I dispute a charge on my account?

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How do I contact the payment assistance team?

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