Currencies:

Whilst the official currency of the Cayman Islands is the Cayman Islands dollar (CI$ or KYD), US dollars are also accepted Island wide. The CI dollar has a fixed exchange rate with the US dollar of .80 (US$1.00 is equal to CI$0.80). Although both currencies are used locally, change is always given in Cayman Islands dollars.
Opening an Account:

Opening an account in Cayman is a relatively easy process, but keep in mind when first moving to the Island that it can take up to a couple of weeks for the account to become operational, so make sure you have access to enough funds to keep you going on arrival.

See below list of banks:

  • Butterfield Bank (Cayman) Limited
  • Cayman National Bank Ltd
  • CIBC First Caribbean International Bank (Cayman) Limited
  • Fidelity Bank (Cayman) Ltd.
  • RBC Royal Bank
  • Scotiabank & Trust (Cayman) Ltd.

To open an account you will be required to provide a letter from your employer on island, proof of your identity (current passport or driving license), and a letter of reference from your home bank is also often requested.

Retail Banks offer accounts for the Cayman Islands Dollar, US Dollar, Canadian Dollar, British Pound and Euro.

Credit/Debit Cards and ATM Machines:

Credit/Debit Cards: On opening your Cayman account you will be issued with a Debit Card. You can then apply for a Credit Card with your bank. It is quite common for ex-pats to be requested to pay a deposit before the bank will approve your application for a Credit Card. Debit Cards are available in both US and CI dollars, whilst Credit Cards are available in US dollars only.
ATM Machines: There are many ATM machines available on island. These are commonly situated outside the banks, in local supermarkets and gas stations for your convenience. Most ATMs are accessible 24 hours a day and operate on the CIRRUS card system.

Banking Hours:

Banks in Cayman are open for business from Monday-Friday, 9am through 4pm. However, some branches have extended their weekly business hours through 6pm and are open Saturday mornings until mid-day. Check when opening your account what branches offer “after hours” services.
All banks on Island are closed on public holidays and Sundays.

Loans:

It is quite common for new residents to apply for car loans and mortgage loans when they arrive on Island. Banks will generally require a letter from your employer confirming various details before approving a loan.

Cayman Community Links
Read more
Cayman Islands Immigration
Read more
Cayman Permanent Jobs
Read more
Introduction to Cayman Jobs
Read more
Schools in the Cayman Islands
Read more
Living in Cayman
Read more
Cayman Transportation
Read more
Cayman Accommodations
Read more
Things To do in the Cayman Islands
Read more
Cayman Banking
Read more
Ref #412075

Sales Support Manager - Temporary

On behalf of our client, a financial services organization with a focus on fund, corporate…
Cayman Islands
Ref #387386

Audit Seniors - Funds

SteppingStones is working alongside one of the world's leading Accountancy firms to assist them in…
Cayman Islands
Ref #250500

Audit Supervisor - Funds

SteppingStones is delighted to be working alongside one of the world's leading accounting firms to…
Cayman Islands
Ref #412014

Financial Analyst - Trading and Sales

SteppingStones is working alongside a huge publicly listed organization to assist them in sourcing a…
Cayman Islands
Ref #391932

Senior Accounts Assistant

On behalf of our client, a local insurance company, we are searching for a skilled…
Cayman Islands
Ref #411814

Construction Manager

We are working with our client a Global organization to recruit a Construction Manager in…
Cayman Islands
Ref #411813

Quantity Surveyor

We are recruiting on behalf of our client for a permanent Quantity Surveyor to join…
Cayman Islands
Ref #411811

Project Superintendent

We are actively recruiting for a Project Superintendent for a Global Organization with an extremely…
Cayman Islands
Ref #411810

Driver/Inventory Control Clerk

My client, a Global organization is looking for a Driver/Inventory Control Clerk to join their…
Cayman Islands
Ref #411834

Network Administrator

On behalf of our client, we are actively searching for a skilled Network Administrator to…
Cayman Islands
Ref #403107

Corporate Administrator

We are recruiting for an experienced Corporate Administrator to join a busy and dynamic Cayman…
Cayman Islands
Ref #326171

Business Development Manager

On behalf of our client, an internationally known business specializing in legal services, we are…
Cayman Islands
Ref #411667

Corporate Services Manager

We are very excited to be supporting a key client of ours, a global organization…
Cayman Islands
Ref #411549

IT Professional - SQL/Viewpoint

This is a really exciting opportunity for an IT professional with extensive Viewpoint/SQL experience to…
Cayman Islands
0Pinned jobs
All Jobs
Filter Jobs