Finding the right Aruba bank to handle your finances should be at the top of your "to-do" list if you're moving to or setting up a business in the southern Caribbean island.
Take the time to carefully research your options for banking in Aruba. Volatility in the financial sector of all countries is not uncommon these days. Here a few thing to keep in mind:
Assemble general information on Aruba banks
It is important to know all you can about business banking in Aruba before you being the process of opening a bank account in the country. You want to know about the bank's policies, foreign investment, the exchange rate and any other information you can think of to make your business or personal transactions easier.
I recommend: Visit Aruba gives detailed information on banking in Aruba from the exchange rate to the availability of ATM’s throughout the island.
EscapeArtists.com has a host of information for anyone looking to move or do business in Aruba.
Contact expatriates for advice on banks in Aruba
If you don't know where to begin when banking in Aruba seek out expatriates for advice. They have already made the transition from US to Aruba so they can give you the information you need to begin that process.
I recommend: The
Aruba.com forums are a good place to meet people who have moved to Aruba and ask them for information about Aruba banks.
Aruba Forum is a site where you can communicate with expats and tourists regarding all aspects of life on Aruba.
Use the largest Aruba banking institutions for everyday business
Just as there are benefits to using the big banks here in the US there are advantages to using the biggest Aruba commercial banks for your everyday banking in the island nation. Using the largest Aruba banks will give you more access to branches throughout the nation, more access to ATM's as well as just making your transition to Aruba much easier.
I recommend: Aruba Bank and
Banco di Caribe are two of the biggest banks on the island and are equipped with ATM machines throughout the nation. Be warned however, cash is generally dispensed in local currency not dollars.