Opening a Bank Account in Gibraltar

Find out how to go about opening a bank account in Gibraltar: the documents needed and the process to expect...

In order to open a bank account applicants must be eligible and fulfil the criteria associated with the account and bank of choice. An application form must be completed and submitted along with other required documents.

Those residing over the border in Spain and working in Gibraltar may be ineligible for a Gibraltar bank account if the terms of the account specify that the holder must be resident in the territory. Gibraltar International Bank offers accounts to those living outside the territory provided that they have or will have ties with Gibraltar.

In order to open a new account, proof of address and certified proof of identity are required as per UK and EU regulations. The following documents are accepted as proof of identity:

  • Current, valid full passport
  • Driving licence
  • National identity card

One of the following documents is required as proof of residential address:

  • Utility bill less than six months old
  • Bank, credit card or mortgage statement
  • Current insurance policy for home, car or boat
  • Driving licence (if not already used for proof of identity)
  • National identity card (if not already used for proof of identity)

An account can be held in Gibraltar provided that the account holder has or will have ties with the territory; in other words the applicant works, resides, owns property or has some other connection with Gibraltar.

Gibraltar International Bank will require an account to be opened in person and a meeting will be have to be scheduled with a banking advisor in order to ascertain eligibility.

At present NatWest offshore current accounts are only available to those resident in Jersey, Guernsey, the Isle of Man or Gibraltar. Age restrictions may also apply.