Major League

Major League

A value package designed especially for persons 60+!

Our Major League account is specially designed for serious savers aged 60 years and over who can maintain an average monthly balance in excess of $1,000. It offers a unique package of privileges and association with TTARP.

We offer persons 60+ and over a host of special privileges and banking benefits with our Major League account. As a Major League account holder, you can enjoy attractive tiered interest rates, the convenience and security of cheques and many useful extras!

You can also open a joint Major League account if you are 60+ and your spouse can take advantage of the benefits if he or she is 60+.
Tiered interest is calculated on minimum daily balances of $1,000 or more and paid on the last day of each month.

Here are the Features & Benefits of your Major League account:

FREE OneCard and OneCard wallet

FREE 24/7 access to your account with RepublicOnline, RepublicMobile App and RepublicMobile SMS

LINX ABM access for a fee

FREE admission to TTARP and discounted annual fee for primary account holder only

No annual card fee on our credit cards except Republic Bank Signature, Platinum and AAdvantage Credit Cards

No commission on travellers cheques

15% discount on locker fees

½ of 1% for new loans except seasonal campaigns

FREE embassy letters

20% discount on car insurance at Colfire with use of Republic Bank Credit Card

Salary assignment

If the joint account holder is 60+ and has signing authority on the account, his or her spouse/relative/friend can also access the account’s benefits

Commission on:

  • local drafts- $5
  • foreign drafts/pension cheques:
    • purchase - $15
    • encashment – foreign bank charge of US$7.50 will apply

Lower interest rates and 50% discount on monthly overdraft service charge. Overdrawn account fee applies - $11.50

For balances below $15,000, the following will apply:

  • no interest
  • $11.01 monthly service fee

FREE auto transfers

FREE encashment of local pension and disability cheques
(payment for foreign pension cheques will be covered under the applicable fees for foreign drafts)

To see a complete list of special discounts at merchants Click Here
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Interest Rates Service Fees

Below $1,000 - Nil

$1,000 to $99,999.99 - 0.10%

$100,000 to $249,999 - 0.15%

$250,000 & above - 0.30%

If you maintain a minimum balance of $15,000, you pay no monthly service fee. However, if your minimum balance falls below $15,000, you will be charged a flat monthly fee of $11.01. This fee is applied on the 27th of the month.

Cost of ABM transactions at other banks:

  • Approved cash withdrawal - $4.00
  • Declined cash withdrawal - $1.15
  • Approved balance enquiry - $0.75
  • Declined balance enquiry - $0.75
Cheque Book Fees:

Regular cheque books

  • 2 x 25 - $29.00
  • 4 x 25 - $42.00

Duplicate cheque books

  • 2 x 25 - $42.00
  • 4 x 25 - $59.00
What you will need

Before visiting our branches, ensure you have the following documents:

Identification Requirements if you are:
  • New and Existing Republic Bank Customer
  • Non-Resident or Foreign Based National
One (1) form of Identification which clearly states your nationality (e.g. National Identification Card or Passport).

Kindly note the following:
  • Where a Drivers License has been presented which does not explicitly state your nationality, you would be required to provide another form of Identification such as your National ID, Passport or any other document that validates your nationality, for instance your Birth Certificate
  • If you have dual nationality, you are to provide one (1) form of Identification stating the nationality relating to each country of which you are a national.
For New and Existing Republic Bank Customers

Recent Utility Bill and Authorization Letter, if the utility bill is not in your name
Job Letter
Pay slip
Reference Letter (In some cases)
Required Deposit for opening
To ensure that you have all the documents needed to open the account, kindly contact any one of our conveniently located branches before your appointment date. Our friendly branch staff will be happy to assist you.

For Non-Residents or Foreign Based Nationals

Utility Bill in the customer’s name valid for three (3) months (Telephone, Electricity, Water, Cable/Internet)
N.B. Where the utility bill is not in the customer’s name, the customer can submit the lease agreement, where available, or a letter from the landlord addressed to the Bank.
Proof of income:

  1. Salaried individuals - Job Letter and a recent payslip dated within the last three (3) months
  2. Self-Employed individuals will be required to submit further financials;
    • Up-to-date Audited Financial Statements (for the last three (3) years) OR
    • Management Accounts (for the last three(3) years) OR
    • Statement of Affairs and Statement of Income & Expenditure (these are available at the Sales Department upon request)
    • For a start-up entity*: An opening Balance Sheet & Cash Flow projections
Reference letter from the customer’s bankers abroad (not required where a non-national has proof of legal status and has been residing in Trinidad and Tobago for over five (5) years)
Where applicable, Work Permit/ CSME Certificate/ Other official document granting permission for employment/ Letter of enrollment/acceptance from Institution in Trinidad & Tobago (for Students only)

*Start-up entity refers to entities which have been in operation for less than three (3) years.
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