Republic Bank Grenada review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Republic Bank Grenada suits customers in Grenada who want easy-access savings with a Visa debit card in the same place. The card's monthly fee of $3.45 is the number to weigh, and it is heavier than the €0 at bunq and the £0 at Wise.
Key facts
Savings
Loans
Mortgages
- Purpose
- Purchase, Remortgage↗
Facts checked September 26, 2026, 8 sources
Pros and cons
Pros
- A debit card on visa sits alongside savings paying 2% on a variable basis, so one relationship covers both.
- Online banking transactions are free, and a limited number of debits and withdrawals each quarter come at no charge.
- A minimum deposit of XCD 50 keeps the entry point modest, and support runs on phone and email.
- A long record, founded in 1979, with personal, car and debt consolidation lending available as a direct lender.
Cons
- A monthly fee of $3.45 applies to the card, where bunq and Varo Believe Secured Credit Card charge €0 and $0.
- Cash sits outside the included free ATM allowance of XCD 0, so withdrawals are a charge rather than a free feature.
- The 2% headline rate is variable, so the return on savings can fall as well as rise.
Ready to try Republic Bank Grenada?
Scored 8.9 / 10 by SumCue.
Who it suits
- Customers based in Grenada who bank locally and want a debit card and savings in one account.
- Savers after an easy access account who are comfortable with a variable interest rate.
- Borrowers after personal, car or debt consolidation loans close to home.
Who should look elsewhere
- bunq, if a monthly fee of €0 matters more than local savings and card use.
- Wise, if the £0 monthly fee is the deciding factor.
- Varo Believe Secured Credit Card, if you want a card account at $0 rather than one costing $3.45.
Rates and card terms
The savings account pays 2% and the rate is variable, so the figure can move with market conditions rather than being locked for a term. That suits savers who keep money accessible and want the return to follow the base rate, and it suits them less if a predictable figure matters more than flexibility.
How Republic Bank Grenada compares
8.9 vs 9.4
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Where Republic Bank Grenada is available
- Available
- Grenada
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the debit card cost?+
The card carries a monthly fee of $3.45. The account model is no monthly fee, so the savings side is the cheaper part of the relationship. bunq, Varo Believe Secured Credit Card and Wise all list a monthly fee of €0, $0 and £0, so this card costs more to keep.
What interest do I earn and can the rate change?+
Savings pay 2% and the rate type is variable. A variable rate is not tied to a fixed term, so the bank can move the figure as conditions change, and the return you see today is not locked in. Savers comfortable with a moving rate and easy access are the ones this suits.
Can I withdraw cash from an ATM for free?+
The free ATM allowance is XCD 0. The savings terms allow a limited number of debits and withdrawals each quarter at no charge, with a fee applying to every additional one, and online banking transactions are free. Budget for a charge whenever you take cash out rather than moving money digitally.
What kind of card do I get?+
It is a debit card on the visa network, so it works wherever Visa is accepted rather than only at local machines. The card draws directly on the balance held in the same account, which keeps day to day spending and savings in one place.
How much do I need to open the account?+
The minimum deposit is XCD 50, which is a modest entry point. The account is an easy access one, so money can be taken out without giving notice, and the model is no monthly fee, meaning no recurring account charge on the savings side.
Who am I dealing with and how long has it run?+
The institution behind the account is Republic Bank (Grenada) Limited, based in Grenada, and it has been trading since 1979. That length of record is worth weighing for anyone keeping savings, since the bank is an established local institution rather than a new entrant.
Does the bank lend, and for what?+
It is a direct lender with loan types listed as personal, car and debt consolidation, and home improvement as a use case. New borrowers need identification, proof of income and proof of address, and non-resident customers are asked for additional documents before an application is considered.
How do I reach support?+
Support runs on phone and email, so a phone call or an email are the routes in. For a bank running an easy-access savings account, a phone call is the quickest way to sort a query about a withdrawal or a rate change, and both channels are listed by the bank.
Sources
- republicgrenada.com checked September 26, 2026
Backs: Headquarters
“Republic Bank (Grenada) Limited - Grenada branches and ATMs”
- republicgrenada.com/about/contact-us checked September 26, 2026
Backs: Support channels
“Contact Us - Republic Bank Grenada branches, phone and contact form”
- republicgrenada.com/about/history-republic-bank checked September 26, 2026
Backs: Founded
“The National Commercial Bank of Grenada Limited (NCB) was established in October 1979 with the first branch opening in Grenville.”
- republicgrenada.com/pdfs/Rates-and-Fees-Dec-2024.pdf checked September 26, 2026
Backs: Free ATM withdrawals, Card type, Monthly fee, Card network
“Withdrawal - Republic Bank customer at local Republic Bank ATM: Free - Personal Chequing Account with Visa Debit”
- republicgrenada.com/personal/make-it-happen-loans checked September 26, 2026
Backs: Eligibility, Lender type, Loan types, Use cases
“One (1) form of identification Proof of Income ... Proof of address ... If you are a non-resident customer, other documents will be required.”
- republicgrenada.com/personal/mortgages checked September 26, 2026
Backs: Purpose
“HOMEasy Loans are granted to finance the purchase of land and the construction or renovation/remodeling and purchase of residential properties. They may also be granted to refinance existing house...”
- republicgrenada.com/personal/savings-plus checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type
“Withdrawal fee: two (2) free debits/withdrawals per quarter, thereafter $5.75 per additional in-branch, ATM or point of sale debit/withdrawal. Free online banking transactions.”
- republicgrenada.com/pdfs/Schedule-of-Charges.pdf checked September 26, 2026
Backs: Legal entity
“Republic Bank (Grenada) Limited Revised Charges”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Protection.
Republic Bank Grenada
Grenadian savers who want savings and a Visa debit card under one roof.