Our Savings solutions are geared at helping you to save towards your goals, whether it’s a well-deserved vacation or to ensure sound financial health. As a Mutual Financial Institution, VM savers have a unique advantage. VM is owned by its Members, and not shareholders, so the business’ surplus goes back into delivering greater returns to Members through low or no fees and highly competitive savings rates.
Mortgages are also offered at very competitive rates and the team of caring experts has all the information to help returning residents hit the ground running for the new chapter of their lives back on the island or for those who are interested in that much desired vacation home or income earning opportunities through real estate investment in Jamaica. Owning real estate is a major commitment, and to make this process a seamless experience, all VM Representative Offices are able to process mortgage loan applications and provide the requisite guidance to ensure that the journey of purchasing a property is pleasant and rewarding.
The VM Drive Auto Loan continues to be a favorite among Members. Members are able to access up to 100 percent financing, access discounts on auto insurance while making low monthly payments. The return to Jamaica will be so much sweeter with no restrictions on movement. From Negril to Morant Point, the island is waiting to be explored.
Expand the existing team member referral program to include attractive monetary and non-monetary incentives built in to encourage adoption and retention.
Documents Required for Opening a Public Entities Account
Copy of the Trust Deed and Rules
Organization Tax ID Number (TIN) (if available)
Tax exemption from TAJ (where applicable)
All trustees must sign all documents/authorities unless we have written instructions stating how many persons can execute transactions/instructions
Trustee ratification to open account with VMBS
List of Authorized Signers and specimen signatures
Name, address and telephone number of Directors and Majority Shareholders on the account
ID & TRN for directors, majority Shareholders and authorized signers on the account.
SSN is to be declared for US persons for FATCA purposes
Proof of Address for Trustee, authorized signatories, and Directors
Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits.
Documents Required for Opening a Corporation Account
Documents Required for Opening a Sole Trader Account
Forms Required for Opening a Sole Trader Account
Alternative Documents for Opening a Sole Trader Account
Where the business owner is self-employed and financial statements are not presented, the Income Statement and Questionnaire for Self-Employed Form must be completed along with any TWO of the following documents HERE.
Documents Required for Opening a Small Business Account
Forms Required for Opening a Small Business Account
Standard KYC internal forms listed below must be completed:
Additional Documents for Opening a Partnership Account
Partnerships must also submit the following documents:
Forms Required for Opening a Corporation Account
Standard KYC internal forms listed below must be completed:
Documents Required for Opening a Public Entities Account
Additional Documents for Opening a Corporation Account
Partnerships must also submit the following documents:
Documents Required for Opening a Club or Civic Association Account
Forms Required for Opening a Small Business Account
*Note: Where the club or association is not required to have a Taxpayer Identification Number and has presented their charter, the Statutory Declaration section should be completed on the Clubs and Associations Account Application Form.
Documents Required for Opening a Church Account
Documents Required for Opening a Charity Account
Documents Required for Opening a Government School Account
Documents Required for Opening a Private School Account