Bank accounts for Marshall Islands companies

Your options

Fintech business accounts (most clients)

Platforms such as Airwallex and other licensed electronic money institutions offer multi-currency accounts, international transfers and cards, with online onboarding that often takes 1 to 3 weeks. They suit trading, consulting and online businesses, and are our first recommendation for most new companies.

Traditional banks

Banks in Asia, Europe, the Caribbean and elsewhere accept Marshall Islands companies with a clear business case and documented source of funds. Expect 4 to 12 weeks, detailed questionnaires and sometimes a video call or visit.

Private and investment banks

For holding and investment structures with significant assets, private banks and brokers may open accounts with higher minimum deposits.

What banks usually ask for

• Apostilled Certificate of Incorporation and recent Certificate of Incumbency or Good Standing
• Articles, bylaws and registers of directors and shareholders
• Passport and proof of address of directors, signatories and beneficial owners
• A business plan or description, main customers and suppliers, and expected transaction volumes
• Source of funds and source of wealth evidence
• Sometimes a bank or professional reference letter

The Complete package includes the apostilled certificate and certificate of incumbency that banks normally require.

Tips for a successful application

• Have real, documentable business activity and explain where your customers and suppliers are.
• Choose an institution in a region connected to your business.
• Keep the ownership structure simple and transparent.
• Answer questionnaires completely; incomplete files are the main cause of delay.

Last reviewed: 12 October 2026