How to Open a Bank Account in Gibraltar

Moving to Gibraltar or starting a business here? One of the first things you'll need is a local bank account. This guide walks you through the entire process.

## Banks Operating in Gibraltar

**Gibraltar International Bank (GIB)** is the national bank, wholly owned by the Government of Gibraltar. Located at Ince's House, 310 Main Street. Opening hours: Monday to Friday 8:30-16:00 (Wednesday opens at 9:30). Website: https://www.gibintbank.gi

**NatWest International** operates from National Westminster House, 57 Line Wall Road. Phone: +350 200 77737. Website: https://www.natwestinternational.com

**Trusted Novus Bank** specialises in personal and corporate banking solutions.

## Documents Required

For a personal account you'll typically need:

- Valid passport or national ID card

- Proof of Gibraltar address (utility bill or rental agreement from last 3 months)

- Proof of income (employment contract, payslips, or tax returns)

- Gibraltar ID card (if you're a resident)

For business accounts, additional documents include certificate of incorporation, memorandum and articles of association, and details of directors and shareholders.

## Step-by-Step Process

1. **Choose your bank** — Visit different banks to compare accounts and fees

2. **Gather documents** — Collect all required identification and proof of address

3. **Book appointment** — Most banks require an in-person visit

4. **Complete application** — Fill out forms and submit documents

5. **Wait for approval** — Banks conduct KYC checks, typically 1-2 weeks

6. **Receive your card** — Once approved, you'll get your debit card and online banking access

## Monthly Fees

Expect to pay £10-20 monthly for a current account. Additional fees may apply for international transfers, ATM withdrawals abroad, and overdrafts.

## Tips for Newcomers

- Start the process early — bank account opening can take 2-4 weeks

- Having a Gibraltar employer reference helps speed up approval

- Ask about multi-currency accounts if you deal with EUR or USD regularly

## Useful Links

- Gibraltar International Bank: https://www.gibintbank.gi

- NatWest International: https://www.natwestinternational.com

- Gibraltar Financial Services Commission: https://www.fsc.gi