Win a trip to Punta Cana!

Spend $20,000 for a chance to win an all-expenses-paid trip to Punta Cana! Don’t have a VM Visa Credit Card? Apply today!

Promotion ends July 7, 2024.

Sign up for my card
How to enter

Spectacular Grand Prize

First Place

An all-inclusive 5-day/4-night stay for 2 at the Hilton La Romana in Punta Cana, Dominican Republic.

Second Place

A 4-day/3-night stay for 2 at Couples Resorts, Tower Isle, Ocho Rios.

Third Place

An all-access pass for 2 to Chukka Adventure Park, Ocho Rios.

How To Win

Use your VM Visa Credit Card to spend $20,000 or more on everyday purchases – from gas to groceries to utilities and everything else for a chance to win. The more you spend, the higher your chances of winning.

See terms & Conditions
get my credit card

Don't Miss Your
Chance to Enter

Join us on this exciting journey. Let’s help you get your VM Visa credit card and start turning your everyday transactions into extraordinary prizes!

VMBS Experience Punta Cana Form
What rewards do you prefer from a credit card?
Consent
Facebook Twitter Instagram Youtube

Company

Board of Directors
Leadership Team

About Us

Contact

Locations

Services

Personal Solutions

Business Solutions

ABM Locations

Resources

Forms

FAQs

Membership Perks

Branch Routing Numbers

Privacy Policy

New Rules For Building Society

Private Treaty Listing

Rates & Fees

VM Group

VM Group

VM Money Transfer Services

VM Finance

VM Wealth Management

VM Wealth Funds

VM Foundation

VM Pensions Management

VM Investments

Terms and Conditions

The promotion will be executed over a three ( 3 ) month period, from Tuesday April 9 to Sunday July 7, 2024. 

VM Building Society credit cardholders will enter for a chance to win experiential prizes and will be apportioned as follows: 

  • Grand Prize: An all-expense paid trip for 2 (inclusive of winner) to Punta Cana for 5 days and 4 nights. 
  • Second Prize: An all-expense paid 4-day -3-night weekend for 2 (inclusive of winner) to Couples Resorts Tower Isle. 
  • Third Prize: An all expense paid, all access pass to Chukka Adventure Park, Ocho Rios, Island Triple Motorized Adventure for 2 (inclusive of winner). 

The promotion will be marketed locally using traditional and digital media and through our sixteen (16) branches across the island. Marketing of the promotion will begin with a media launch on Tuesday, April 9, 2024, via digital advertising on all our social media platforms (@myvmgroup on Instagram, X, and Threads, as well as ‘VM Group’ on YouTube and Facebook) and website (www.myvmgroup.com) frequented by our target audience. Advertising will continue through to Sunday, July 7, 2024, with post-promotion activities highlighting the winners thereafter.  

Below are the detailed terms and conditions of the promotion: 

  1. Entrants must be Twenty (20) years or older and must be the primary account holder of a VM Visa Gold Credit Card or a VM Visa Platinum Credit Card. 
  2. Eligible entries are based on the Primary Cardholder’s Account in respect of Transactions conducted on the Card Account with a minimum purchase of JMS$20,000.00 or USD equivalent.  
  3. Primary Cardholder’s Account must have all minimum monthly payments being made on or before the due date for payments during the promotional period and the Account must maintain Good Standing. 
  4. Each qualified transaction is based on posted date of a dollar value not less than JMS$20,000.00 or USD equivalent recorded on the credit card account between April 9, 2024, up to July 7, 2024 shall be automatically entered in this promotion, subject to the transactions specifically excluded as listed below.
  5. The following Card activities shall not be deemed eligible transactions for entry in the Promotion: 

(a) any fees applied to the Card Account including annual fee;  

(b) any interest charges applied to the Card Account; 

(c) any cash advances;  

(d) any loan payment and other associated fees made using the Credit Card, processed as cash advance transactions 

(e) any refund or cancellation of transactions   

(f) any unauthorized and/or disputed transaction  

(g) any Card cancelled or terminated pursuant to the Cardholders’ Agreement 

  1. The following individuals are not eligible to enter: Employees, officers, agents, representatives, and contractors of VM Group, its parent company, local subsidiaries (VM Building Society, VM Wealth Management, VM Pensions Management, VM Property Services, VM Money Transfer Services, VM Innovations, VM Foundation, VM Investments Jamaica Limited, or any other affiliate not listed), and their immediate family such as parents, spouses or children, and employees of the executing advertising and marketing agency. 
  2. VM Visa Gold Credit Card or VM Visa Platinum Credit Card users will enter for a chance to win three prizes. Three (Eligible participants in the Promotion (“the Winners”) will be randomly selected for one of the following prizes: 
  • Grand Prize: An all-expense paid trip for 2 (inclusive of winner) to Punta Cana for 5 days and 4 nights. 
  • Second Prize: An all-expense paid 4-day – 3-night weekend for 2 (inclusive of winner) to Couples Resorts Tower isle.
  • Third Prize: An all-expense paid, all-access pass to Chukka Adventure Park, Ocho Rios, Island Triple Motorized Adventure for 2 (inclusive of the winner). 
  1. The promotion will be conducted island-wide through all the VM Building Society branches. The names and addresses of the locations are as follows:  
  • Duke Street: 8-10 Duke Street, Kingston  
  • Falmouth: Shop 9 Champion Plaza, 63A Market Street, Falmouth, Trelawny  
  • Half-Way-Tree: 73-75 Halfway Tree Rd., Kgn.10.  
  • Liguanea:  115 Hope Road, Kingston 6  
  • Linstead: 110 King Street, Linstead, St. Catherine  
  • Mandeville: Manchester Shopping Centre Shop #3, Mandeville, Manchester  
  • May Pen: 40 Main Street, May Pen, Clarendon  
  • Montego Bay: 7 Market Street, Montego Bay, St. James  
  • Fairview Montego Bay: Unit 33 Fairview Shopping Complex, Bogue, Montego Bay, St. James  
  • New Kingston: 53 Knutsford Boulevard, Kingston 5  
  • Ocho Rios: 7 Newlin Street, Ocho Rios, St. Ann  
  • Papine: University of Technology (UTECH), 237 Old Hope Road, Kingston 6  
  • Portmore: Lot 1, Sea Grape Close, Portmore, St. Catherine  
  • Santa Cruz: 56 Main Street, Santa Cruz, St. Elizabeth  
  • Savanna-la-Mar: 123 Great George Street, Savanna-la-mar, Westmoreland  
  • Spanish Town: 22 Oxford Road, Spanish Town, St. Catherine  
  1. The Grand Prize Drawing will be conducted on Monday, July 22, 2024, at approximately 11 a.m. at the VM Group Corporate Office, 73-75 Half-Way Tree Road, Kingston 10. 
  2. Winners will be randomly selected electronically using the VM Prize Draw System. The order of selection will be from grand prize winner to third place winner. Four (4) alternate winners will be selected for each prize. All draws will be supervised by the selected auditors and as required, the Betting Gaming and Lotteries Commission (BGLC). 
  3. All winners will be drawn on the Draw Date.  In the event VMBS is unable to contact the winners via the information on record within three (3) business days of the Draw Date, VMBS reserves the right to select an alternate winner. 
  4. VMBS reserves the right to verify the eligibility of participants.  
  5. Verification of winning entries will be completed within three (3) working days of the draw. Five (5) attempts will be made to contact each selected winner by telephone and an email within five (5) working days of verification. Should the call not be answered, a voicemail will be left. All winners will be advised and announced in the media no later than ten (10) business days after the Member has been contacted and verified as the winner of the promotion.  
  6. VMBS reserves the right to use the names and photographs of the winners in its advertisements or other promotional material in the digital and print media. Winners who refuse to have their names and photographs appear in the media will automatically forfeit their prize. 
  7. All winners are required to present a valid government issued identification to collect the prize (Passport, Drivers’ License or National ID).  
  8. The Winner of the Grand Prize and their travelling guest/s must hold a valid Passport. 
  9. Traveling guests of the grand prize winners must be at least 18 years old at the time of travel.  
  10. The second-place prize winner (trip for 2 to Couples Resorts Tower Isle) is only required to pay US$4 per night (3 nights) for Government Tax. 
  11. Winners have up to Twenty-Eight (28) days of being contacted to collect their prize, failing which the prize will be deem forfeited. 
  12. All eligible participants agree to the Official Rules.  
  13. All decisions by VMBS, in respect of all matters relating to the Promotion including the choice of Winner(s), with consultation and prior approval from the Betting Gaming and Lotteries Act, shall be final. 
  14. Winners shall be solely responsible for any changes made to prizes.  
  15. Prizes will not be substituted for cash and are not transferrable. 
  16. Winners and their guests will be responsible for any expenses not explicitly stated as part of the prize, (for example but not  limited to cost of travel documents including passport renewals, taxes, long distance phone calls, room service, laundry, mini-bar items, loss of hotel property, damage to hotel property or any other expenses incurred at the hotel, personal expenses not covered under the prize, shopping, transportation to local sites, food expenses not covered under the prize).
  17. VMBS reserves the sole right to amend, suspend or terminate this Promotion at any time with or without notice, subject to the Betting, Gaming & Lotteries Commission’s approval. 
  18. VMBS reserves the right as permitted by the Betting, Gaming and Lotteries Commission to void any and all entries of an entrant, who VMBS believes to have tampered with or impaired the administration, security, fairness or proper operation of this promotion.  

 

Schedule An Appointment

Registration Form

Please fill out the form to set and appointment with us.

Documents Required for Opening a Public Entities Account

 

  1. Copy of the Trust Deed and Rules

  2. Organization Tax ID Number (TIN)  (if available)

  3. Tax exemption from TAJ (where applicable)

  4. All trustees must sign all documents/authorities unless we have written instructions stating how many persons can execute transactions/instructions

  5. Trustee ratification to open account with VMBS

  6. List of Authorized Signers and specimen signatures

  7. Name, address and telephone number of Directors and Majority Shareholders on the account

  8. ID & TRN for directors, majority Shareholders and authorized signers on the account.

  9. SSN is to be declared for US persons for FATCA purposes

  10. Proof of Address for Trustee, authorized signatories, and Directors

  11. 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

  1. Certificate of Incorporation or Certificate of Registration.
  2. Articles of Incorporation.
  3. Articles and Memorandum of Association.
  4. Directors’ Resolution.
  5. Taxpayer ID e.g. Tax Registration Number for business.
  6. Valid Tax Compliance Certificate (TCC)
  7. Proof of earnings/funds for the business i.e. current financial statements (audited).
  8. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  9. List of signing officers and specimen signatures for each
  10. Confirmation/Notice of Director and Secretary.
  11. Name, Address and telephone number of directors and Beneficial Shareholders.
  12. ID and TRN for majority shareholders, directors and authorized signing officers
  13. Certificate of Good Standing. (This should be from the relevant regulatory authority).
  14. Group structure (if part of a Group)

Documents Required for Opening a Sole Trader Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Sole Trader Account

  • Business Information and Account Application Form.
  • Account Signing Authority Form.
  • Member Information Form (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Form (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Form (if email address is provided).
  • FATCA and CRS Self-Certification Form.
  • Signature Card.
  • Bearer Indemnity Form (as applicable)

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.

  • 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 provided:
  • Cash flow projections for the next two (2) years.
  • Reference letter from another bank, copy of bank statement or passbook. 
  • Purchase order from two main customers (issued within two months of the date of application).
  • Receipt for supplies purchased for the business.
  • Import licenses, invoices for goods or services sold within the last three months.
  • Written customer testimonial from two main customers.
  • Copy of any government-issued permit or license (e.g., food handlers permit, vending permit, taxi permit, etc.).
  • Proof of membership in area of trade or professional association (e.g., letter from the President, Treasurer or Secretary).
  • PayPal, other online earning platforms, and contract agreement on company letterhead for contracted persons, etc.

Documents Required for Opening a Small Business Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Small Business Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Additional Documents for Opening a Partnership Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Forms Required for Opening a Corporation Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Documents Required for Opening a Public Entities Account

  1. Letter from Ministry of Finance – authorizing the establishment of the business relationship
  2. Tax Compliance Certification (TCC) (if available), if entity does not pay tax, letter from MOF stating same.
  3. Organization Tax ID Number (TIN) (if available)
  4. Statute governing the formation of the entity
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the public body
  10. Source of Funds information – confirmation of source of funds being used to open the account as well as the source of future investments or deposits.
  11. Audited Financials

Additional Documents for Opening a Corporation Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Documents Required for Opening a Club or Civic Association Account

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Forms Required for Opening a Small Business Account

  • Clubs and Associations Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self- employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

 

*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

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Documents Required for Opening a Charity Account

  1. Name of the Charity – as registered with the Companies Office and the Department of Cooperatives and Friendly Societies
  2. Copy of approval from the Ministry of Finance that the organization has been granted status as a charity
  3. Articles of Incorporation
  4. Organization Tax ID Number (TIN)  (if available)
  5. Name, address and telephone number of Directors and Majority Shareholder on the account
  6. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  7. SSN is to be declared for US persons for FATCA purposes
  8. Proof of Address for the organization, authorized signers and Directors
  9. 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 Government School Account

  1. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  2. The Scheme for public educational institution (contains constitution, powers and duties of the Board)
  3. Organization Tax ID Number (TIN) (if available)
  4. Tax Compliance Certification (TCC) (if available)
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the school, authorized signers and Directors
  10. 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 Private School Account

  1. Documents evidencing that the independent school is registered (from the Ministry of Education)
  2. If the school is incorporated – Documents required for a company should be presented
  3. If not incorporated – indicate the legal entity or the proprietor of the school. (Proprietor of the school is listed in the application for the registration as an independent school).
  4. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  5. Organization Tax ID Number (TIN) (if available)
  6. Tax Compliance Certification (TCC)
  7. List of Authorized Signers and specimen signatures
  8. Name, address and telephone number of Directors and Majority Shareholder on the account
  9. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  10. SSN is to be declared for US persons for FATCA purposes
  11. Proof of Address for the school, authorized signatories, and Directors
  12. Source of Funds information – confirmation

This website uses cookies to ensure you get the best experience on our website. Read More

Accept