Important Information Related to the W-8 Form

The IRS recently implemented different W-8 forms for individuals and entities. For more detailed information regarding the new W-8BEN and W-8BEN-E, visit www.irs.gov

Please complete the applicable form(s) below based on whether the account holder is an:

  • Individual (Personal Account); or
  • Entity (Corporate or Commercial Account)

NOTE: If you are completing a W-8 Form for “Entities“ (part 1 of 2), you must review, sign, and submit this document along with the Affidavit W-8 Form (part 2 of 2).

Forms and Instructions related to your account:

Individuals (Personal Accounts) 

Documents

Instructions

Electronic Versions

A.

W-8 for Individuals (Personal Accounts W-8BEN)

Instructions

Download Electronic Document

B.

Funds Transfer Agreement

Instructions

Download Electronic Document

C.

Check Card Application

Instructions

Download Electronic Document

Entities (Corporate or Commercial Accounts)

Documents

Instructions

Electronic Versions

A.

W-8 for Entities (Corporate or Commercial Accounts W-8BEN-E) – Part 1 of 2

Instructions

Download Electronic Document

B.

Affidavit W-8 Form for Entities – Part 2 of 2

Instructions

Download Electronic Document

C.

Funds Transfer Agreement

Instructions

Download Electronic Document

D.

Business Online Electronic Banking Services Agreement

Instructions

Download Electronic Document

E.

Commercial Debit Card Application Form

Instructions

Download Electronic Document

F.

Certification of Beneficial Owner

Download Electronic Document

(Personal Accounts)


A. Substitute Form W-8BEN

In accordance with U.S. Internal Revenue Service – IRS regulations, the Bank is obligated to withhold taxes on U.S. interest to foreign customers unless it has received a properly completed Substitute Form W-8BEN “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding” from the customer. All Substitute Forms W-8BEN are registered and maintained in the Bank’s files.

W 8BEN
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B. Funds Transfer Agreement

The Funds Transfer Agreement establishes terms and conditions pertaining to the Electronic Funds Service Mercantil Commercebank offers its customers.

  1. Customer name
  2. If you are an existing customer, please enter your account number
  3. Enter date this agreement is being executed
  4. Signature and name of account holders authorized under this agreement to make transfer(s)
Funds Transfer Agreement
Click here to enlarge
C. Check Card Application

The Mercantil Commercebank Check Card is only available to checking account holders.

The Mercantil Commercebank Check Card will be processed once the checking account has been activated and funds are available.

Section for Applicant

  1. If you are an existing customer enter the Checking account number you would like to link to the check card
  2. Enter your name as you would like for it to appear on the check card
  3. Print your full name
  4. Sign the check card application form
  5. Enter date form was completed

Section for Co-Applicant 

  1. If you are an existing customer enter the Checking account number you would like to link to the check card
  2. Enter your name as you would like for it to appear on the check card
  3. Print your full name
  4. Sign the check card application form
  5. Enter date form was completed
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Check Card Application
Click here to enlarge

Entities (Corporate or Commercial Accounts)


A. W-8 for Entities (Corporate or Commercial Accounts W-8BEN-E) – Part 1 of 2

For instructions please visit http://www.irs.gov/pub/irs-pdf/iw8bene.pdf

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B. Affidavit W-8 Form for Entities – Part 2 of 2

Click to view instructions on how to fill affidavite W-8 Form for Entities.

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Funds Transfer Agreement
Click here to enlarge
C. Funds Transfer Agreement

The Funds Transfer Agreement establishes terms and conditions pertaining to the Electronic Funds Service Mercantil Commercebank offers its customers.

  1. Customer name
  2. If you are an existing customer, please enter your account number
  3. Enter date this agreement is being executed
  4. Signature and name of account holders authorized under this agreement to make transfer(s)
Funds Transfer Agreement
Click here to enlarge
D. Business Online Electronic Banking Services Agreement

The Business Online Electronic Banking Services Agreement establishes terms and conditions pertaining to the electronic banking program offered by Mercantil Commercebank to its commercial customers.

  1. Business name and name of individual(s) authorized by the business (signer of the account)
  2. Signature of the individual(s) authorized by the business (signer of the account)
  3. Signature of other individuals authorized by the business (signer(s) of the account) – if joint signatures are needed
  4. Date the Business Online Electronic Banking Services Agreement was completed
  5. Check the box to select “Enhanced Security Procedure Election” to subscribe to a security procedure using a Digital Certificate, for online wire transfers
Business Online Electronic Services Agreement
Click here to enlarge
E. Commercial Debit Card Application Form

The Mercantil Commercebank Commercial Debit Card application must be completed if the company wishes to have a debit card linked to its commercial checking account.

The commercial debit card application is exclusively for account signers and will be processed once the checking account is active and funds are available.

  1. Company name
  2. Checking account number (if provided)
  3. Identification number for foreign taxation purposes if the company has this number
  4. Company’s Taxpayer Identification or Fiscal Information Registry (R.I.F., NIT, RUC) number
  5. Date of execution of commercial debit card application agreement
  6. Name of individual(s) authorized to request card(s) linked to the commercial checking account
  7. Title of individual(s) authorized to request card(s) linked to commercial checking account
  8. Social Security Number (if available)
  9. Personal identification document number
  10. Signature of principal account holder
  11. Cardholder’s name
  12. Social Security Number (if available)
  13. Personal identity document number
  14. Daily limits assigned to each cardholder (see table at the end of this application form for options)
  15. Signature of principal account holder
Business Check Card Application