Punta Cana - Bavaro Real Estate, Vacation Rentals & Property Management
Bank Requirements for Obtaining Mortgage or Bank Account
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Copies of Passports
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Copies of drivers licenses
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If married, A marriage certificate
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Completed EquaFax or TransUnion credit report authorization (and actual report) which will be sent to the Bank representative. The cost of this is around $100.00 (depends on the bank). Real Estate Broker or Banker will provide this form.
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Last 2 income tax statements (must be as current as possible)
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Employment letters (from both applicants) on company letterhead. Must include the name of your profession, how long you have worked there, and a positive review. Must also show the original signature from your employer and their title. If self employed, a letter from your accountant will suffice.
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Employment pay stub
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Personal Letter(s) of reference from your bank(s) (how long you have had accounts with them and
stating that you are in good standing). Signed by a Bank official, with contact information and on a
bank letter head.
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Last 6 months of bank statements: Used to determine there are no extreme fluctuations in your
income to expense ratios.
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Current Financial income statement (assets to liabilities). Prepared by an accountant or an accepted
Financial Statement template.
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Reference letters from 2 professionals who know you (at least 5 years). Must have a professional title or degree and include their full name, how long they have known you, their phone # and email address. ONLY 1 REFERENCE FOR OPENING A BANK ACCOUNT IS NEEDED.
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Other evidence of assets (home title, car title and proven blue book values, other bank accounts, retirement accounts. You may be asked to provide a home appraisal or bank letter verifying the values)
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Copy of the title of the property you select (Real Estate Broker can provide this)
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You will also need to pay $200.00 - $250.00 for an appraisal on the property you select
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Document showing your current mailing address
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A personal letter to the bank expressing your reason for establishing a relationship (or account) with
them.
BANK ACCOUNT ONLY
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Copies of Passports
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Copies of drivers licenses
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Employment letters (from both applicants) on company letterhead. Must include the name of your
profession, how long you have worked there, and a positive review. Must also show the original signature from your employer and their title. If you are self-employed, reference letter from a long- standing client, or copy of your most recent business income tax filing.
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Letter(s) of reference from your bank(s) (how long you have had accounts with them and if you are in good standing). Signed by a Bank official on a bank letter head.
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Reference letters from 2 people who know you. Must have a professional title or degree and include their full name, how long they have known you, their phone # and email address. ONLY 1 REFERENCE FOR OPENING A BANK ACCOUNT IS NEEDED.
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Document showing your current mailing address
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A personal letter expressing your reason for establishing a relationship (or account)
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