| Electronic Funds Transfer
Electronic Funds Transfer (EFT) allows you to send and receive money between local banks in Guyana. Transactions are processed electronically, helping to reduce delays and make payments faster and more reliable. Whether you’re paying someone, transferring funds, or managing business payments, EFT gives you a simple and secure way to get it done.
Key Benefits
Convenient
Transfer funds without visiting a branch
Secure
Transactions are processed through regulated banking systems
Efficient
Faster than traditional cheque payments
Reliable
Minimizes manual errors and delays
Flexible
Suitable for both personal and business transactions
What Can EFTs Be Used For?
You can use EFT to:
- Transfer funds between your own accounts at other banks
- Send funds / payments to other bank accounts
- Pay suppliers or service providers
- Process salary payments (payroll)
- Make recurring or scheduled payments
How It Works
01 Log In Log in to your Retail eBanking account at | 02 Navigate to Transfers Navigate to the Transfers section and select |
03 Enter Required Details From Account · To Bank · Branch Name · Beneficiary’s Account · | 04 Review & Submit Review your details and submit the request. Once submitted, your transaction will be processed within one business day. |
Note: Processing times may vary depending on submission time and banking hours. Also, please verify all beneficiary details before submission.
How it Works
01. Log In
Log in to your Retail eBanking account at retail.demerarabank.com or log in to your Corporate eBanking account at ilink.demerarabank.com
02 Navigate to Transfers
Navigate to the Transfers section and select To Other Banks.
03 Enter Required Details
From Account · To Bank · Branch Name · Beneficiary’s Account · Beneficiary’s Name · Beneficiary’s Address · Beneficiary’s Contact (optional) · Transfer Category Code · Transfer Amount · Date · Transfer Description
Review & Submit
Review your details and submit the request. Once submitted, your transaction will be processed within one business day.
Note:
Processing times may vary depending on submission time and banking hours. Also, please verify all beneficiary details before submission.
Routing Numbers
Each branch has a unique routing number. Use the list below to find your branch:
40004008 – Anna Regina
00001008 – Camp Street (Main Branch)
70007008 – Corporate Office
60003008 – Corriverton
10005008 – Diamond
90006008 – Beterverwagting / Le Ressouvenir
30009008 – Leonora
50008008 – Mahaica
80002008 – Rose Hall
Cash Grant – Important EFT Details
To ensure your Cash Grant is received without delays, please follow the steps below.
Step 1: Select Your Bank
Click the bank name field and select Demerara Bank.
Step 2: Select Your Branch
Click the branch field and select the branch where your account was opened. If you are unsure, use your transit number as a reference:
00100 – Main Branch (Camp Street)
00200 – Rose Hall
00300 – Corriverton
00400 – Essequibo (Anna Regina)
00500 – Diamond
00600 – Beterverwagting / Le Ressouvenir
00700 – Corporate Office
00800 – Mahaica
00900 – Leonora
Step 3: Select Your Account Type
Click the account type field and select the type of account you have. Your account type is based on how your account number begins:
1******* – Passbook Account
2******* – Savings Account
3******* or 4******* – Chequing Account
Step 4: Select Account Ownership
Click the account ownership field and select the appropriate option (e.g. My Account Only or other applicable option).
Step 5: Enter Your Account Number
Enter your account number. If you do not know your account number, you can find it through:
Any ATM
eBanking
Your registration email
Your deposit slip
Contacting us directly
Your account number must be 7 digits long. You may see numbers in front of your account number such as 00100 – 00900 or 100 – 900. These are branch/transit numbers and must NOT be included.
Example:
001002000001 → Enter: 2000001
Step 6: Confirm Your Account Number
Re-enter your account number to confirm it is correct.
Step 7: Enter the Name on Your Account
Enter your name exactly as it appears on your bank account. The account name must match the account number. If there is any mismatch, the funds will be returned to the sender.
Step 8: Enter Your Mailing Address
Enter your current mailing address.
This should match the address associated with your bank account.
Step 9: Save Your Details
Click the “Save Bank Details” button to complete the process.