W8 Forms

"This applies only if you have an interest bearing account with our institution"

The U.S. tax laws require us to have on file a properly completed and signed Form W-8BEN for every one of our foreign customers. If we don't have a properly completed Form W-8BEN or if the form has expired, we cannot treat the customer as being foreign, and we may be required to withhold U.S. income tax, at rates as high as 30 percent, from interest payments.

Recently, the IRS has notified the banking community of new interpretations of what is considered valid as proper content for each of the sections in Form W8BEN. As a result of the new interpretations many unexpired Forms, hitherto considered properly completed, may now become invalid and the customer will become subject to the 30% tax withholding.

In view of the above, BAC Florida Bank, cognizant of its responsibility to safeguard the interests of its customers, has decided to update all W8BEN Forms on file to conform to the new IRS interpretations thereby reducing the risk of a customer unwittingly becoming subject to the tax withholding.

Please send your updated W8 Form to the following address:

BAC Florida Bank
Attn: W8 Forms Department
169 Miracle Mile Suite R-10
Coral Gables, Florida 33134

For any further inquiry please contact us at (305) 789-7071
or by e-mail at BACFlorida@BACFlorida.com

W8 Form   

W8 Attachment    

W8 Certificate - Individual   

W8 Certificate - Non Individual  

W8 Instructions     

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