What is it?

Local demand deposit accounts are locally held current accounts. They are available in both local (TTD) currency and foreign (USD) currency denominations. These accounts are interest bearing. (Special conditions apply).

How does it work?

	You are able to deposit to and draw cheques on your locally held account. Deposits can take the form of cash, cheques or wire transfers.
	Cheques drawn on your locally held U.S. dollar accounts are treated as collection items if presented outside of Trinidad.
	At the end of each month you will receive an account statement detailing your transactions for the month.
	All local currency deposits at Citibank (Trinidad & Tobago) Limited are insured by the Deposit Insurance Corporation (DIC) up to an aggregate of TTD50M or foreign currency equivalent in accordance with the rules and regulations established by the DIC. Unless otherwise stated the DIC does not protect against foreign currency losses.

What are the benefits?

	Guaranteed support: You have the guarantee that your cheques have the support and prestige that have distinguished Citibank throughout the world.
	Wide acceptance: Most businesses and institutions accept your corporate cheques.

What are the requirements?

In addition to completing our account opening documentation, the following are required for opening any of our chequing or savings accounts:

	Must be a corporate entity.
	A letter requestimg the establishment of accounts, TTD and/ or USD, at Citibank Trinidad and Tobago Limited.
	Certificate of Incorporation/Registration.
	Articles of Incorporation.
	By Laws.
	Notice of Directors.
	At least one Bank reference.
	3 yrs. audited financials (or projected financials if new entity).

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