New Account Requirements
VISIT US AT
| Orange Walk Branch at # 5 Park Street | Belmopan Branch at #2 Forest Drive |
To open a New Account.
Kindly provide the required documents below for swift service.
Adult Accounts
Valid Identification
Social Security Card or Passport only
Proof Of Address
A recent (within 3 months) utility bill, tax statement, bank statement in your name, chairman letter/ Mayor Letter or your job letter with your current address
Initial Deposit
$20.00 to open an account
If a utility bill is not in your name, please fill out the supplementary confirmation slip attached for the utility bill owner to confirm your current permanent address and bring along the utility bill owner’s original valid identification(Valid Social Security Card or Passport)(If the utility bill owner is not a member of LICU).
Download, fill, sign and upload the below application forms to expedite the application process.
Minor Account
If interested in opening a Minor Account the adult account requirements are required for custodians and additional requirements below is required for the minor:
Address Confirmation Slip
Click to download the slip
Minor's Birth Certificate
Valid Belizean ID (Custodian)
Social Security Card or Passport only
Valid Belizean ID (Minor)
Social Security Card or Passport only
Initial Deposit
$15.00 to open an account
If you need further assistance do not hesitate to contact us. We will be more than willing to assist you.
*Note* All original document must be presented on the date of appointment
Business / Corporate Account Requirements
Account Opening documentation Checklist for Business/ Corporate Accounts
Sole proprietorships/ unregistered entities (operating in individual names)
Registration Certificate
Certificate of Registration from the General Registry- Chapter 247 if has registered name
Valid ID
Valid Passport or Social Security for primary identification and Proof of Address (i.e., utility bill/bank statement/ tax statement/letter from Alcalde - within 90 days)
Trade License
Trade license if operating in municipalities
Financial Statements
Financial Statements to be submitted as requested
Please note that instructions to change signatories should be addressed to the Manager, La lnmaculada Credit Union attached with all identification and proof of address documentation for each new signatory;
Corporate (Limited companies)
Company Documents
Memorandum and Articles of Association of the entity
Certificate of Incorporation (Chapter 250)
If the Certificate of Incorporation is dated more than 12 months ago, a Certificate of Good Standing should be provided)
Board Resolution
Board Resolution that authorizes LICU to open an account(s), and nominating the persons authorized to access the account(s). Letter addressed to the Manager, La Inmaculada Credit Union, is required with instructions for a change of signatories.
Valid ID For Signatories
Passport or Social Security card for primary identification and proof of address (i.e., utility bill) Bank statement, tax statement, letter from Alcalde - within 90 days, authorized signatories of the account
Valid ID For Shareholders
Passport/ID and Proof of Address (i.e., utility bill/ Bank Statement/ tax statement I Letter from Mayor) of all shareholders/beneficial owners of the Company (>10% ownership).
Financial Statements
Audited/Unaudited Financial Statements to be submitted as requested
Tax Registration
Tax Registration Certificate (if available/ highly recommended)
Partnerships
Certificate of Registration
Certificate of Registration from the General Registry- Chapter 247
Partnership Agreement
If any or other agreement (non- profit organization etc.) establishing the unincorporated business
Partnership Mandate
A mandate from the partnership authorizing the opening of an account and conferring authority to authorized officers to access the account(s). Please note that instructions to change signatories should be addressed to the Manager, La lnmaculada Credit Union attached with all identification and proof of address documentation for each new signatory;
Valid ID For Partners
Passport or Social Security card for primary identification and proof of address (i.e., utility bill /Bank statement/ tax statement/ letter from Alcalde - within 90 days) for all partners/ authorized officers
Tax Registration
Tax Registration Certificate (if available/ highly recommended)
Financial Statements
Audited/Unaudited Financial Statements to be submitted as requested
Unincorporated entities (organization) and Non-profit Organization
Certificate of Registration
Certificate of Registration from the General Registry- Chapter 315
Organization Documents
Articles and Memorandum of Association (stating Association Not for Profit Limited by guarantee and not having shares) and bylaws of the NPO must be obtained.
Memorandum
Organization Memorandum of Understanding
Valid ID For officers
Passport or Social Security card for primary identification and proof of address (i.e., utility bill /bank statement/ tax statement/ letter from Alcalde - within 90 days) for all officers, authorized signatories to the account
Financial Statements
Audited/unaudited financial statements to be submitted as requested
Organization Mandate
For Unincorporated Entities and NPO’s a mandate signed copy by the President and Secretary, of the meeting minutes authorizing the opening of the account is required
FIU Registration
Registration with the Financial Intelligence Unit since NPOs fall under the category of Designated Non-Financial Businesses and Professions (DNFBP)
Note
As part of the verification process, it should be confirmed that the organization is registered under the appropriate laws.