Banking News

Banking to be easier for low-risk customers – Ganga


Opening an account for low-risk persons who will be depositing less than $500,000 monthly will be made easier soon as the Central Bank is set to issue a directive to commercial banks to this end, Governor Gobind Ganga says.

“It is to ease the hassle for especially lower risk customers going in there…when you go to open a bank account, you understand the hassle with them and that process; proof of address and all of that. So now you sign an attestation form, for example…,” Ganga told Stabroek News last Friday.

“We will soon issue a circular…it has to be gazetted first but we are making the banks make it easier for low-risk persons doing banking, where they don’t have to go through all of that with the banks…,” he added.


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