Rewards That Work for You

Designed for Healthcare Workers, Police, Soldiers, Firefighters, Teachers, & Civil Servants in the Private or Public Sector

Apply Today
View Rewards

Enjoy up to 5% Cashback on your everyday purchases and low fees that help your money go further.

Enjoy up to 5% Cashback

Earn on your everyday spending, and keep more of what you earn with low, affordable fees.

Up to 5% Cashback

On Educational Purchases, Utilities, Groceries and Everything Else.
Terms and Conditions Apply.

0% Balance Transfer

Move your existing credit card balance from another bank to your VM Merit Card and pay NO interest for 6 Months

More Benefits at No Extra Cost

  • Free Credit Card Replacement
  • No Credit Bureau Fee
  • Add Additional Cardholder for Free

Every Purchase Supports a Better Tomorrow

Every time you use the card, VMBS contributes $5 to the VM Foundation to support scholarships, bursaries and other initiatives which benefit Public Sector Workers and their families.

Educational Development

Youth Development

Community Outreach

Social Support

Enjoy up to 5% cashback on your everyday purchases and low fees that help your money go further.

Enjoy up to 5% cashback on your everyday spending, and keep more of what you earn with low, affordable fees.

Earn Up to 5% Cashback

Get cashback on the things you buy every day, from groceries and school fees to utility bills, filling up at the gas station, and more.

Learn More

Low Interest Rates

Keep more of what you earn with rates designed to make everyday living affordable when you need it most.

Learn More

Price Protection

Found a lower price after you already bought it? You're covered. If you spot the same item advertised at a lower price, you may be eligible for a refund of the difference.

Learn More

0% Balance Transfer

Move your existing credit card balance over to your VM Merit Card and pay NO interest.

Learn More

The Card with a Cause

With every purchase you make, a donation is made that helps create opportunities, strengthen communities and improve lives across Jamaica, at no extra cost to you.

Creditor Life Insurance

Life is unpredictable. If the unexpected happens, your card balance can be covered against death, critical illness, and accidental injury.

Learn More

More Reasons to Love Merit

UP TO

35%

Cashback

on your next US trip when you enroll in the Visa Cashback Program

Learn More

Up to

US$200

Price Protection

if you buy an item with your VM Merit Card and see it for less elsewhere

Learn More

UP TO

$3.5M

Creditor Life Insurance

for AD&D towards covering your credit card balance.

Learn More

Requirement Checklist:

  • You are employed within the public sector
  • You are 20 years or older
  • Your credit profile meets our assessment criteria
  • Government-Issued ID
  • Tax Registration Number (TRN)
  • Proof of Income (last 3 payslips)
  • Proof of Address
  • Bank Statement
Apply for a VM Merit Card Today

You may qualify if:

  • You are employed within the public sector
  • You are 20 years or older
  • Your credit profile meets our assessment criteria
  • Your credit profile meets our assessment criteria
  • Government ID
  • Tax Registration Number (TRN)
  • Proof of Income (last 3 payslips)
  • Proof of Address and Bank Statement

Is this the right card for you?

VM Merit is designed to meet the needs of our civil servants. Take our quick pre-qualification survey to find out the best card to suit your needs

Get Pre-Qualified

Get Your Card Today!

Start your application process today to see if you qualify

Apply Today

New Cardholder?

Activate your VM credit card quickly and securely

Activate my card

Already a Cardholder?

Access important information about your card.

get more details

Frequently Asked Questions

This includes individuals employed by government ministries, departments, and agencies, such as teachers, nurses, police officers, and members of the Jamaica Defence Force. It also extends to certain professionals, such as doctors and attorneys in private practice.

A valid government-issued ID, proof of employment such as a recent pay slip or employment letter, and proof of address.

Yes, a minimum income of $150,000 per month is required.

A balance transfer allows you to move an outstanding credit card balance from another financial institution to your VM Merit Card. You may benefit from a 0% interest rate for up to 6 months, helping you reduce interest costs while you pay down your balance.

Use your card for qualifying purchases and earn cashback, which is automatically calculated and credited to your account in line with the Victoria Mutual Building Society (“VMBS”) Rewards Programme Terms and Conditions.

All purchases on your card are eligible for cashback. You can earn up to 5% on everyday categories such as groceries, utilities, school fees, and more. Refer to the Victoria Mutual Building Society (“VMBS”) Rewards Programme Terms and Conditions for full details on how cashback is applied.

Resources

VM Merit Digital Brochure

Download Now

Credit Card Schedule of Fees and Charges

Download Now

Facebook Twitter Instagram Youtube

Company

Board of Directors
Management Team
VM Careers

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 Diaspora Hub

VM Money Transfer Services

VM Finance

VM Wealth Management

VM Wealth Funds

VM Foundation

VM Pensions Management

VM Investments

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 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

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

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 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 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).

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 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).

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.

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 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)

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 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)

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.

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.

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)

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.

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

Accept