Category of Transaction

Education

Approving Authority Required

Applications should be processed by the commercial banks and will only be considered by the Central Bank in exceptional circumstances or where periodic payments are being requested

Allowance

Determined by documentary evidence provided.

 Applicant Status

Residents of Barbados Only

Documentary Evidence Required

1. Form FC(Not for Imports)

2. A Valid Student’s Visa or Letter of Acceptance from the institution concerned or Letter of Continuance if the applicant/student is already abroad.

3. Statement of related expenses from the Institution, Landlord, etc.

Steps to Take

Carry out transaction at commercial bank.  Where Central Bank's approval is required, bring all required documentation and complete application form.

Further Instruction

See Cirular #14 for full details for Education