Whether you have been banking for years or just received your very first debit card, this guide will walk you through everything you need to know about banking in Guyana. We wrote it in plain, simple language so that everyone — from young people opening their first account to elderly Guyanese learning to use a card for the first time — can follow along.
Guyana has 6 licensed commercial banks, all regulated by the Bank of Guyana. The banking system is modernizing rapidly: the National Payments System was completed in February 2026, digital wallets and a national payment platform are being rolled out, and mobile banking is expanding. But Guyana is still predominantly cash-based, especially outside Georgetown. Understanding how to use both cash and cards will serve you well.
Banks in Guyana
There are six commercial banks operating in Guyana. Each one offers different services, card types, and branch networks. Here is a quick overview to help you compare:
| Bank | Branches | ATMs | Cards | Mobile / Online Banking |
|---|---|---|---|---|
| Republic Bank | 12 | 52 | Visa Debit / Credit | Yes (app + online) |
| GBTI | 12 | Network | Mastercard Debit, Visa/MC Credit | GO Banking (most advanced) |
| Demerara Bank | 4+ | Network | Visa Debit | Digital wallet coming mid-2026 |
| Citizens Bank | 5+ | Network | Visa Debit / Credit | Mobile Money Guyana |
| Scotiabank | 5 | Network (Intelligent Deposit Machines) | Mastercard | Online banking |
| Bank of Baroda | 1 | Limited | Visa Debit | Limited online |
Browse All Banks in Our Directory
Find branch locations, phone numbers, hours, and more for every bank in Guyana.
View Banks DirectoryOpening a Bank Account
Opening a bank account in Guyana is straightforward. Traditionally you need to visit a branch in person, though Republic Bank now offers a fully online option (see below). Here is what to bring for an in-person visit:
- Valid photo ID: Passport or Guyana national ID card
- Proof of address: A recent utility bill (electricity, water, or phone) or a bank reference letter
- Passport-sized photo: Some banks require one or two photos
- TIN (Tax Identification Number): Required for business accounts — you can apply for one through the Guyana Revenue Authority
For Foreigners
If you are not a Guyanese citizen, you will need your valid passport plus a work permit or visa. Some banks may also ask for a letter from your employer in Guyana. The process is the same — just visit a branch and speak to a customer service representative.
Diaspora Guyanese
If you are a Guyanese living abroad and returning home, bring both your foreign passport and your Guyana ID if you have one. Some banks require a reference letter from an existing account holder, so ask a family member or friend who already has an account at the bank. For more tips on returning, see our Diaspora Return Guide.
Republic Bank RepublicOnboard (New: March 2026)
Republic Bank launched RepublicOnboard in March 2026, allowing customers to open an account entirely online without visiting a branch. Complete the application, upload your documents, and get approved digitally. The only in-person step is picking up your debit card at a branch. This is Guyana's first fully online account-opening service.
Planning to start a business? You will need additional documents like your business registration and TIN. Read our Starting a Business in Guyana guide for details.
How Debit Cards Work
Think of your debit card as a key to your bank account. When you use your debit card, you are spending money that is already in your account. It is not a loan — it is your own money. If you have $50,000 GYD in your account and you spend $10,000 GYD with your card, you will have $40,000 GYD left. Simple as that.
Your debit card has a few important things on it:
- Your name — printed on the front
- A card number — the long number across the front (usually 16 digits)
- An expiry date — the card stops working after this date and the bank will give you a new one
- A chip — the small gold or silver square on the front
- A magnetic stripe — the black stripe on the back
- A CVV number — the 3-digit number on the back (keep this private)
How to Use an ATM (Step by Step)
An ATM (Automated Teller Machine) lets you take cash out of your bank account using your debit card. Here is exactly how to do it:
Withdrawing Cash from an ATM
- Find an ATM — Look for your bank's ATM at branches, shopping malls, or the airport. Republic Bank has the most ATMs (52 across Guyana).
- Insert your card — Put your debit card into the slot with the chip going in first. Some newer ATMs let you tap your card instead.
- Enter your PIN — The machine will ask for your 4-digit PIN (Personal Identification Number). Cover the keypad with your other hand so nobody can see what you type.
- Select “Withdrawal” — Choose this option from the menu on the screen.
- Choose your account — Select “Savings” or “Current” (whichever account your card is linked to).
- Enter the amount — Type in how much cash you want. Remember the daily limit is typically GYD $360,000.
- Take your cash — The machine will count out your money. Take it promptly.
- Take your card — Do not forget your card! The machine will push it out. Take it immediately.
- Take your receipt — Always take the receipt so you can check the amount and your remaining balance.
How to Pay at a Store (Step by Step)
Many larger stores, supermarkets, and restaurants in Georgetown have POS (Point of Sale) machines that let you pay with your debit card instead of cash:
Paying with Your Debit Card at a Store
- Tell the cashier you want to pay by card.
- Insert your card into the machine (chip side first) or tap it if the machine supports contactless payment.
- Check the amount on the screen — make sure it matches what you owe.
- Enter your PIN on the keypad and press the green button to confirm.
- Wait for approval — the machine will print a receipt once the payment goes through.
- Take your card and receipt — keep the receipt in case of any problems.
What Is a PIN and Why You Should Never Share It
Your PIN (Personal Identification Number) is a secret 4-digit code that only you should know. It is like the key to your house — if someone else has it, they can get into your bank account and take your money.
Important PIN Rules
Never share your PIN with anyone. Not your spouse, not your children, not a bank employee — nobody. The bank will never call or text you asking for your PIN. If someone asks for it, it is a scam. Choose a PIN that is not easy to guess (avoid your birth year or 1234).
Debit Card Fees and Limits
| Fee Type | Typical Amount |
|---|---|
| ATM withdrawal (own bank) | ~GYD $70 per transaction |
| POS purchase at store | ~GYD $25 per transaction |
| Daily ATM withdrawal limit | GYD $360,000 (GBTI published limit) |
| Using another bank's ATM | Higher fee — varies by bank |
What to Do If Your Card Is Lost or Stolen
Call your bank immediately. The sooner you call, the sooner they can block the card so nobody else can use it. Here are the phone numbers for all six banks:
Bank Emergency Phone Numbers
Tip: Write down your bank's phone number and keep it somewhere separate from your wallet — in your phone contacts, at home, or with a trusted family member.
How Credit Cards Work
A credit card lets you borrow money from the bank to pay for things. Unlike a debit card (which uses your own money), when you use a credit card, the bank pays for your purchase and then you owe the bank that money. Think of it like a short-term loan every time you swipe.
The Key Difference: Debit vs. Credit
| Feature | Debit Card | Credit Card |
|---|---|---|
| Whose money? | Your money (from your account) | The bank's money (a loan) |
| Do you owe anything? | No — you already paid | Yes — you must pay the bank back |
| Interest charged? | No | Yes, if you don't pay full balance monthly |
| Risk of debt? | Low — limited to what's in your account | Higher — you can spend more than you have |
How Interest Works (In Simple Terms)
Every month, the bank sends you a statement showing how much you spent. If you pay the full amount by the due date, you owe nothing extra. But if you only pay part of it, the bank charges you interest on the remaining balance. Interest is like a fee for borrowing the money longer. It adds up quickly, which is why you should always try to pay your full balance.
Credit Cards Available in Guyana
- GBTI: Visa and Mastercard credit cards
- Scotiabank: Mastercard credit cards — annual fees of $8,800-$11,750 GYD, up to 4% cashback on Gold cards
- Citizens Bank: Visa credit cards
- Republic Bank: Visa credit cards
Requirements for Getting a Credit Card
- A steady income (you need to show pay slips or proof of earnings)
- A good banking history with the bank (usually need an existing account)
- An application process that includes filling out forms and waiting for approval
Credit Card Warning
Only spend what you can afford to pay back. A credit card is not free money. If you buy something for $50,000 GYD on credit and only pay $10,000 GYD when the bill comes, you will owe interest on the remaining $40,000 GYD. That interest keeps growing every month. Many people get into serious financial trouble by spending more on credit than they can repay.
ATMs in Guyana
Republic Bank has the largest ATM network in Guyana with 52 ATMs spread across the country. The other banks also have ATM networks, though smaller. Here is where you can find ATMs:
- Bank branches: Every bank branch has at least one ATM outside
- Shopping malls: Giftland Mall, MovieTowne, and other major shopping centres
- Airports: Cheddi Jagan International Airport (CJIA)
- Major towns: Georgetown, Linden, Bartica, New Amsterdam, Lethem
Outside Georgetown: Limited ATMs
If you are travelling beyond Georgetown, be aware that ATMs become scarce. Linden, Bartica, New Amsterdam, and Lethem have some ATMs, but interior and remote areas have NONE. If you are heading to the Rupununi, Iwokrama, Kaieteur, or any hinterland community, always withdraw enough cash before you leave town.
Using a Foreign Debit Card
If you are visiting Guyana with a debit card from another country:
- Visa and Mastercard work at most ATMs in Guyana
- Expect to pay fees from both your home bank and the local bank
- Your home bank may also charge a foreign currency conversion fee (usually 1-3%)
- Notify your bank before travelling — otherwise they may block your card thinking it was stolen
- Always carry cash as backup — ATMs can run out of money or be offline
Mobile & Online Banking
More and more Guyanese banks are offering ways to manage your money from your phone or computer. Here is what is available:
GBTI GO Banking
The most advanced mobile banking platform in Guyana. You can do transfers between accounts, pay bills, send international wires, check your balance, and view transaction history — all from your phone.
Republic Bank
Offers both a mobile app and an online banking portal. You can check balances, transfer money between Republic Bank accounts, and pay bills. Republic Bank also launched RepublicOnboard (March 2026), allowing new customers to open accounts entirely online without a branch visit.
Citizens Bank — Mobile Money Guyana
A mobile money platform that lets you send and receive money, pay bills, and check your balance using your phone.
Scotiabank
Offers online banking where you can view accounts, transfer money, and manage your finances from a web browser.
How to Get Started with Mobile Banking
Getting started is easy, but you need to do it in person:
- Visit your bank branch and tell them you want to register for online or mobile banking.
- They will help you fill out a form and verify your identity.
- You will receive login credentials (username and temporary password).
- Download the bank's app on your smartphone (from the App Store or Google Play).
- Log in and change your password to something only you know.
You Need a Smartphone and Internet
To use mobile banking, you need a smartphone with an internet connection. If you do not have one yet, or need help getting connected, read our SIM Card & Internet Guide for everything you need to know about getting online in Guyana.
Sending & Receiving Money
Whether you need to send money to a family member in Guyana, receive remittances from abroad, or exchange currency, here are all the options available:
International Wire Transfers (Bank to Bank)
- All 6 commercial banks handle incoming international wires via the SWIFT network
- Fees vary from $15-50 USD depending on the bank and amount
- Processing time: 2-5 business days
- You will need the recipient's bank name, branch, account number, and the bank's SWIFT code
Western Union
- Available at banks and authorized agent locations across Guyana
- Fast transfers — money arrives in minutes
- Higher fees than bank wire transfers, but much faster
- Recipient needs valid ID and the transfer control number (MTCN)
MoneyGram
- Similar to Western Union — fast cash transfers available at various locations
- Pickup at authorized agents across Guyana
- Fees depend on amount and delivery method
Remitly
- Online money transfer service popular with the diaspora
- Delivers via Laparkan or post offices in Guyana
- Can send from the USA, Canada, UK, and other countries
- Often has promotional rates for first-time users
Cambio Houses (Currency Exchange)
Cambio houses are licensed currency exchange businesses. They often offer better exchange rates than banks. While the bank rate is approximately 209 GYD per 1 USD, cambios typically offer 210-215 GYD per USD.
- Concentrated in Georgetown, especially on Water Street
- Well-known cambios: R. Sookraj, Muneshwers, Dollar Empire
- Always count your money before leaving the counter
- Only use licensed, reputable cambio houses
Find Money Transfer & Cambio Services
Browse our directory for all money transfer agents, cambio houses, and remittance services in Guyana.
View Money Transfer DirectoryCurrency Guide
The official currency of Guyana is the Guyanese Dollar (GYD). The current exchange rate is approximately 209 GYD = 1 USD.
Banknotes
Coins
$1, $5, and $10 coins exist but are less commonly used in daily transactions. Most prices are rounded to the nearest $10 or $20.
Tipping
Tipping is not mandatory in Guyana, but it is appreciated for good service. At restaurants, 10% is considered generous. Hotel porters and tour guides also appreciate small tips.
Need to convert currency? Use our Currency Converter tool to check the latest GYD exchange rates. For a broader picture of how far your money goes, see our Cost of Living in Guyana 2026 guide.
Where Cards Are Accepted vs. Cash Only
Guyana is still primarily a cash economy. Knowing where you can and cannot use your card will save you from awkward moments at the checkout:
Cards Accepted
- Major hotels: Marriott Georgetown, Pegasus Hotel, Four Points by Sheraton
- Large supermarkets: Bounty, Massy, Nigel's
- Chain restaurants and upscale dining
- Gas stations: Sol, Rubis, and other major fuel stations
- Some pharmacies and electronics stores in Georgetown
Cash Only
- Markets: Stabroek Market, Bourda Market, and all local markets
- Small shops and neighbourhood stores
- Street vendors and food stalls
- Minibuses and most local transportation
- Interior and remote locations — no card machines at all
Rule of Thumb
Always carry cash and treat your card as a backup in Guyana. Even in Georgetown, many businesses prefer cash. Outside the capital, cash is the only way to pay for almost everything.
Banking Safety Tips
Keeping your money safe is important. Here are practical tips that everyone should follow:
- Never share your PIN with anyone — not even bank staff. They will never ask for it. If someone asks, it is a scam.
- Cover the keypad when entering your PIN at ATMs or store machines.
- Keep your receipts and check your balance regularly to catch any transactions you did not make.
- Report lost or stolen cards immediately by calling your bank (see phone numbers above).
- Be aware of ATM skimming: Before inserting your card, check that the card slot looks normal. If it feels loose or looks like something is attached to it, do not use that ATM. Go to another one and report it to the bank.
- Only use official bank apps: Download your bank's app from the App Store or Google Play. Never click on links in text messages or emails that claim to be from your bank — these are often scams.
- Do not use ATMs in dark, isolated areas at night. Choose well-lit ATMs at bank branches or inside shopping malls.
- Set up balance alerts if your bank offers SMS or app notifications, so you know every time money leaves your account.
Common Scams to Watch For
If you receive a phone call, text message, or email claiming to be from your bank and asking for your PIN, card number, or password — do not respond. Banks will never ask for this information by phone, text, or email. Hang up and call your bank directly using the number on the back of your card or the numbers listed above.
Frequently Asked Questions
How do I open a bank account in Guyana?
Visit any commercial bank branch with a valid photo ID (passport or national ID), proof of address (utility bill or bank reference letter), and a passport-sized photo. Some banks also require a reference letter from an existing account holder. The process usually takes 30-60 minutes. Bring your TIN if opening a business account.
Can I use my foreign debit card in Guyana?
Yes, most ATMs in Guyana accept foreign Visa and Mastercard debit cards. Republic Bank has the largest network with 52 ATMs. Expect fees from both your home bank and the local bank. ATMs are mainly in Georgetown, Linden, Bartica, New Amsterdam, and Lethem. Always carry cash as backup — many areas have no ATMs.
What is the ATM withdrawal limit in Guyana?
Daily ATM withdrawal limits vary by bank. GBTI's published limit is GYD $360,000 (about $1,720 USD) per day. Other banks have similar limits. Each individual transaction may have its own cap, so you may need multiple withdrawals. Fees are approximately GYD $70 per transaction.
How do I send money to someone in Guyana?
You have several options: international wire transfers through any of the 6 banks (2-5 business days, $15-50 fees), Western Union or MoneyGram for fast transfers (minutes, higher fees), or online services like Remitly which delivers via Laparkan or post offices. For the best exchange rates, use cambio houses on Water Street in Georgetown.
Do stores in Guyana accept credit cards?
Major hotels, large supermarkets, chain restaurants, gas stations, and some pharmacies accept cards. However, most of Guyana is cash-based. Markets (Stabroek, Bourda), small shops, street vendors, minibuses, and all interior locations are cash only. Always carry cash and treat your card as backup.
What should I do if my debit card is lost or stolen?
Call your bank immediately to block the card. Republic Bank: 592-223-8000, GBTI: 592-226-4091, Demerara Bank: 592-227-0245, Citizens Bank: 592-226-1708, Scotiabank: 592-225-2601, Bank of Baroda: 592-226-4005. Keep your bank's number saved in your phone and written down somewhere separate from your wallet.
Can diaspora Guyanese open a bank account?
Yes. Bring your foreign passport and your Guyana national ID if you have one. Requirements vary by bank, but generally you need valid photo ID, proof of address (either in Guyana or your country of residence), and a reference letter may be needed. Visit a bank branch in person to start the process.
What is the best way to exchange currency in Guyana?
Cambio houses generally offer better rates than banks. The bank rate is about 209 GYD per USD, while cambios typically offer 210-215 GYD per USD. Well-known cambios on Water Street in Georgetown include R. Sookraj, Muneshwers, and Dollar Empire. Always count your money before leaving and only use licensed cambios.
Last updated: April 2026. Banking fees, exchange rates, and services change regularly. Verify current rates and requirements with your bank. Need help planning your finances for Guyana? Check our Cost of Living Guide or contact us.