Cart
Open a Bank Account in Cayman Islands
$1,000.00
The Cayman Islands are a world-leading offshore financial services jurisdiction due to its political and economic stability, and its broad offer of banking, trust, hedge fund formation and investment, structured finance and securitization, captive insurance, and international business services. According to Moody’s, the country’s banking system is very stable, as it is well placed in terms of development.
We can help you open bank accounts in Cayman Islands.
Accounts are available for individuals.
We work with 5 different banks in Cayman Islands.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Butterfield Bank (Cayman) (Corporate, Personal)
- Cayman National Bank (Corporate, Personal)
- CIBC FirstCaribbean International Bank (Corporate, Personal)
- NCB Cayman Limited (Corporate, Personal)
- RBC (Corporate)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Butterfield Bank (Cayman)
Account Details
| Eligibility | Local Companies |
| Min Deposit | USD 100,000 |
| Currencies | USD, EUR, GBP |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Lombard Loans, Payment Processing, Debit/Credit Card |
Owners/shareholders need to have a strong justifiable nexus to the Cayman Islands.
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | USD 100,000 |
| Currencies | USD, EUR, GBP |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Checking Account, Term Deposit/Savings Account, Debit/Credit Card |
Cayman National Bank
Account Details
| Eligibility | Offshore Companies, Local Companies |
| Min Deposit | USD 250,000 |
| Currencies | USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Lombard Loans, Brokerage/Securities, Debit/Credit Card, Payment Processing |
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | USD 250,000 |
| Currencies | USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Debit/Credit Card, Term Deposit/Savings Account |
CIBC FirstCaribbean International Bank
Account Details
| Eligibility | Local Companies |
| Min Deposit | USD 25,000 |
| Currencies | USD, CAD, CHF, EUR, GBP, JPY, AUD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Lombard Loans, Payment Processing, Discretionary Wealth Management, Brokerage/Securities, Debit/Credit Card, Trade Finance |
Account Details
| Client Profile | Day-to-day banking, Wealth Management |
| Min Deposit | USD 25,000 |
| Currencies | USD, CAD, CHF, EUR, GBP, JPY, AUD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Checking Account, Discretionary Wealth Management, Debit/Credit Card |
Only for residents in the Cayman Islands
NCB Cayman Limited
Account Details
| Eligibility | Offshore Companies |
| Min Deposit | USD 100,000 |
| Currencies | USD, EUR, CAD, GBP, AUD, Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Trade Finance, Lombard Loans, Debit/Credit Card |
NCB Cayman Bank offers trading, private and investment bank accounts
Account Details
| Client Profile | Wealth Management |
| Min Deposit | USD 100,000 |
| Currencies | USD, EUR, CAD, GBP, AUD, Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Debit/Credit Card |
RBC
Account Details
| Eligibility | |
| Min Deposit | USD 500,000 |
| Currencies | Multicurrency |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Trade Finance, Lombard Loans, Payment Processing, Discretionary Wealth Management |
Entities must have a level of physical presence on the island. Eligibility: Cayman Islands incorporated companies