Optimizer Account

Invest and enjoy the best of both worlds

Our Optimizer account is specially designed for the serious investor who needs the flexibility of attractive interest and regular monthly transactions.

If you are a serious investor who needs the flexibility of earning competitive interest and doing regular monthly transactions, then Optimizer is ideal for you!

This account offers tiered interest rates. Interest is calculated on minimum daily balances of $15,000 and over and paid monthly.

Here are the features of your Optimizer account: Here are the benefits of your Optimizer account:

FREE OneCard/LINX Card (optional)

Get convenient 24/7 access to your account via the Blue Machine, the largest ABM network locally

Enjoy the flexibility of paying for goods and services at LINX merchants nationwide. You don’t need to carry cash!

Get immediate access to funds in an emergency


FREE trendy OneCard Wallet

Protects your OneCard from damage

FREE and instant access to your account(s) with RepublicOnline, RepublicMobile App or RepublicMobile SMS banking.

Convenience and flexibility of cheque writing

Flat monthly service fee of $10.01

Enjoy unlimited transactions

Unlimited auto transfers for a flat fee of $6

Regular monthly payments are hassle free!

No charges for standing orders to other Republic accounts

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Interest Rates Service Fees

Below $15,000 - Nil

$15,000 to $99,999.99 - 0.10%

$100,000 to $249,999.99 - 0.15%

$250,000 and over - 0.30%

You can conduct unlimited transactions for a flat monthly service fee of $10.01. If your balance falls below $15,000 at any time within the month, you will be charged a fee of $20.01 for twelve (12) debits only. If you exceed this limit, you will be charged a fee of $1.30 per debit. These fees will be applied on the last working day 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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