The following reputable banks in the Cayman Islands offer accounts, online banking, ATMs, wire transfers, utility payments services and much more.
Regulated by the Cayman Islands Monetary Authority (CIMA), banking in the Cayman Islands is a major part of Cayman’s financial sector, with 84 banks licensed as of Q3 2024.
According to the latest stats, Cayman is ranked 18th internationally based on the value of cross-border assets of US$472.5 billion, and 18th internationally in terms of cross-border liabilities of US$424.3 billion. The majority of these banks are branches, subsidiaries and affiliates of established international financial institutions conducting business in the international markets.
The banking sector hires highly skilled professionals and is one of the most prominent employers on Grand Cayman. The Islands’ banks are bound by strict anti-money laundering laws which, together with Know-Your-Customer (KYC) regulations, are recognised as meeting or exceeding those of all major onshore jurisdictions.
The 84 banks licensed in Cayman are split into A and B classes. There are currently 11 Class A licensed banks in the Cayman Islands. The other 73 banks hold Class B licences. To see a list of the banks licensed in the Cayman Islands visit www.cima.ky.
