NOTICE
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NOTICE: Effective April 1, 2026, the Turks and Caicos Islands Financial Services Commission will implement two‑factor authentication and a new password policy for the KRegistry platform.
The full details of the Banking Fees can be found in the Banking (Amendment) Regulations 2017, but for ease of reference, a summary is shown in the table below.
| Upon the application for a National Banking Licence only. | $ 15,000 |
| Upon the application for an Overseas Banking Licence only. | $ 10,000 |
| Upon the simultaneous application by the same applicant of both a National Banking Licence and an Overseas Banking Licence, in lieu of the above fees. | $ 25,000 |
| On or before the 31st day of March in each year after the grant of a National Banking Licence only and during its subsistence. | $35,000 |
| On or before the 31st day of March in each year after the grant of an Overseas Banking Licence only and during its subsistence. | $25,000 |
| On or before the 31st day of March in each year after the grant, simultaneous or otherwise, to the same applicant of both a National Banking Licence and an Overseas Banking Licence and during the subsistence of both licences, in lieu of the above fees. | $ 60,000 |
On payment of the annual licence renewal fee, a surcharge of 0.005% of the bank’s gross assets as at 31 December the previous calendar year is required. Provided that when a licence is first granted, the annual fee payable for the initial year of the company’s operations shall be the relevant annual fee indicated above, pro-rated from the month in which the licence is granted to the following 31st March.