Starting A Bank Account In Antigua: What You Need To Know

Source: www.expatfocus.com

Tropical paradise living

“The tropical island nation of Antigua and Barbuda is located right between the Atlantic Ocean and Eastern Caribbean Sea.”

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http://www.expatfocus.com/



Employment

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“Looking for employment after you move to Antigua is not a very good idea… The local companies have to go through a very lengthy and complicated procedure when they try to hire foreigners, even those who already have a residency permit.”




Day to day finances“Once you take up a job, work as a freelancer or set up a business, you will need to have access to a bank account in order to manage your income, payment and other day to day finances.”

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Advantages of local account

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“There are a couple of advantages to operating a local account, such as getting paid in the local currency, being able to set up direct debits or standing orders for various bills, and perhaps even obtaining a loan or a mortgage.”




Local and International Banks“Opening an account with an international bank can be more beneficial, as your overseas transactions will be completed faster. A local bank will take more time to process a foreign transaction and to cash checks from a different nation.”

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Opening an Account

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“The documents that you will be asked for include a valid passport, a driver’s license and documents that show your visa / residency status. You will also have to submit some kind of address proof like an ownership deed, rent agreement, or a utility bill that is in your name.”




Additional Services“You can easily pay off most types of bills and other ongoing expenses without using cash, card or check. It is possible to set up a standing order or a direct debit for any payments that have to be made on a monthly basis...”

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Opening Hours

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“Banks are usually open to the general public between 8:00AM and 1:00PM from Mondays to Thursdays. On Fridays, they operate for a longer duration and don’t close until 4:00PM. They’re open for a few hours on Saturday morning too.”



ThankYou

Starting A Bank Account In Antigua: What You Need To Know

Economy & Finance

Transcript of Starting A Bank Account In Antigua: What You Need To Know