If you seek information on the services and segments of banking and financial institutions in Jamaica, you will find no shortage of useful information. While Jamaican government maintains management of the country’s overall financial operations via Bank of Jamaica, the central bank of the island, many options exist for merchant, commercial and development banking customers alike.
According to Top5 Jamaica, an organization devoted to listing the country’s most popular resources, goods and services, the premier banking institutions on the island include the Bank of Jamaica, DB&G Ltd., Jamaica National, Scotiabank Jamaica and Victoria Mutual.
If you’re looking to invest, stash away savings or develop a commercial venture, determine the following as you start your search:
- Determine when you want to pursue merchant, commercial or development banking institutions.
- Decide whether you're searching for an international bank or locally-based branch.
- Understand the facts and figures regarding Jamaican currency and its central banking system.
Action Steps
The best contacts and resources to help you get it done
Familiarize yourself with the country's central banking system
The Bank of Jamaica is a government-run institution which maintains the monetary standards, value and availability of funds. Information abounds regarding this organization, its purpose, history and progress in the country. The more you know, the better advantage you will have when exploring your options of banks in Jamaica.
I recommend: Visit
Central Bank Facts for answers to frequently asked questions about everything from the establishment of Jamaica’s central bank to how to handle counterfeit currency. Go to
Currency Structure Policy for in-depth information.
Garner knowledge about global banks in Jamaica
If you prefer name recognition when seeking a banking institution, you may find a branch of your current provider on the island. If not, there are plenty of familiar options in the country to keep you comfortable as you manage your assets internationally.
I recommend: Start with familiar brands such as
Deloitte&Touche which operates globally and serves as one of the most recognizable institutions available with two Jamaica locations in Montego Bay and Kingston Gardens. First Caribbean International Bank Jamaica operates in four segments: Retail Banking, Corporate Banking, International Wealth Management, and Capital Markets and Other Financial Services.
BusinessWeek provides an impartial description of the bank, including pertinent information.
Search by segment using popular online guides
If you simply seek a simple list of all of the banks in Jamaica that provide the services in which you have an interest, try Jamaica's basic directory listings.
I recommend: The Caribbean Online Yellow Pages offers a comprehensive list of
merchant banks,
development banks and
commercial banking institutions. This guide provides an excellent starting point if you’re looking for a list of Jamaica Banks according to segment including each location’s address and telephone number.
Tips & Tactics
Helpful advice for making the most of this Guide
- Narrow your search by region to make the process less overwhelming. There are many banking options in Jamaica, so if you decide first upon proximity, your final decision with come along smoothly.
- Make sure each of your deposits is insured by the Jamaica Deposit Insurance Corporation.
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