Nomad Banking

Because you are constantly on the move, BBS has introduced Nomad Banking for your convenience. These are services of internet and mobile banking.

Salary Payments Service

For an organization to get this service employees must have an account with BBS and the employer must agree to meet a monthly salary charge fee.

This service offers convenience in the sense that all salary payments and or other monthly obligations such as payment of insurance premiums are processed by BBSL.

It should be noted that this service is currently not available for permanent and pensionable Government employees.

Surety Bond

Through the surety bond service, BBS may extend finance to an individual for developments on a property whose title is held by a third party provided the person whose names appear on the title deed signs a surety bond.

A Surety Bond is a bond issued by an entity (first party) on behalf of a second party, guaranteeing that the second party will fulfill an obligation or series of obligations to a third party. In the event that the obligations are not met by the second party, the third party will recover its losses via the surety bond from the first party.