This section provides detailed information on Cayman banks: how to open a bank account whether for personal use or for a business, online banking facilities, what it takes to get a local mortgage and money transfer services available in Cayman.
There are 123 banks in the Cayman Islands, a huge majority of which are subsidiaries of global banks. As such banking in Grand Cayman is held to a very high standard and you can be guaranteed quality service which meets that of major onshore banking jurisdictions.
Cayman Banks Help Locals During COVID-19 Pandemic
The impact of the COVID-19 crisis in the Cayman Islands has been widely felt. To help ease the burden local banks have begun offering money saving initiatives including mortgage breaks, credit card payment deferrals and other concessions.
Find local retail banks for accounts, online banking, ATMs, wire transfers, utility payments services and much more.
Banks in Cayman
Your guide to retail banks in the Cayman Islands which offer accounts, online banking, ATMs, wire transfers, utility payments services and much more.
Opening a Personal Bank Account
Guide to opening a personal bank account for residents and non-residents of the Cayman Islands: paperwork, IDs, references and other requirements.
Opening a Business Bank Account
Find out what is needed to open a business bank or trust account in the Cayman Islands.
Online Banking & ATMs
Learn about online banking in the Cayman Islands and find ATM locations for all of the retail banks.
Any of the local Class A banks in the Cayman Islands can lend money. It’s sensible to shop around, however, as rates are competitive and the percentage above prime (from 1%-5%) can be negotiated. The usual term for a mortgage is 20 years, although some banks will offer as much as 35 years.
Due to the number of foreign nationals in the Cayman Islands, there are numerous money transfer companies on the Island including: MoneyGram, JN Money transfer and Western Union.