info@svcooperativebank.com | (784) 456 1894

One can send money to their account from overseas through the following:

  • Money order or personal cheque with an attached letter outlining the account number and account holder.
  • Wire transfer

One can access money from their account if they live abroad by sending detailed notarized instructions.

Once all requirements are met, the approval of a consumer loan takes one day.

A minimum of ECD10.00 is needed to start a savings account.

For an individual employed with an organization: • Recent Pay Slip/Job Letter • Two pieces of Photo Identification • Proof of Address

For an individual who is self-employed: • Trader’s Licence/ Farmer’s Identification/ Fisherman’s Identification/ Job letter Stamped and Signed by Justice of the Peace (whichever is applicable) • Two Pieces of Photo Identification • Proof of Address

The lowest amount to leave to maintain a savings account is ECD5.00

For consumer loans: • Salary assignment/ Salary Deduction • Cash/ Endorser

For vehicle loans: • Salary assignment/ Salary Deduction • Bill of Sale on the vehicle to be purchased • Assignment of Comprehensive Vehicle Insurance

For mortgage loans: • Land to be purchased/ Property to be purchased/ House to be constructed (whichever is applicable • Salary Assignment/ Salary deduction • Peril insurance on property

Please note the following: i) Commercial loans can fall under the category of consumer or mortgage loan depending what is being offered as security. ii) Loan insurance is available iii) Other terms and conditions may apply.

The Bank’s opening hours are

Monday to Friday: 8:00 am to 2:30 pm Saturdays: 8:30 am to 11:00 am

If no deposits and withdrawals are made for a minimum period of two (2) years, your account is classed as dormant by the Bank.
No. You will not be able to deposit or withdraw cash from a dormant account until it is reactivated.
You will be required to reactivate your account by presenting the same documents required to open a savings account. ALL parties to the account will need to present the required documents if possible. Once reactivated you can proceed to deposit and withdraw from your account at your convenience.
You can call or visit the Bank to schedule an appointment at your convenience with one of our experienced loan officers.