Jamaica
Where should I setup a bank account in Jamaica?
We asked expats in Jamaica what banks they use and there advice about banking. They advised...
"It is advisable for expats to research the type of visa they will require in order to retire in Jamaica. The process to obtain a visa is through the Ministry of Labour and Social Security, and involves submitting evidence of financial stability and health insurance. It is also important to note that Jamaican currency is different from the US Dollar, so it is a good idea to open a local account to accommodate daily transactions. Furthermore, it is important to research the costs associated with living in Jamaica, such as accommodation, food, entertainment and healthcare. Expats should also consider the local climate, culture, and transportation options in order to make an informed decision about retiring in Jamaica," remarked another expat who made the move to Jamaica.
"I chose the Jamaican National Builders Society and opened a savings account where I can transfer money from the States over the phone or internet. I have a debit card and the savings account gives me access to homes for sale and loans processed through the Builders Society," explained one expat living in Negril, Jamaica.
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Other Questions:
- What do I need to know before moving to Jamaica?
- How do I find a place to live in Jamaica?
- What is a typical expat home or apartment like in Jamaica?
- What is the average cost of housing in Jamaica?
- Should I buy or rent a home in Jamaica?
- What should I pack when moving to Jamaica?
- What cultural faux pas should I try to avoid making in Jamaica?
- Why do people move to Jamaica?
- What are healthcare services like in Jamaica?
- What are medical services in Jamaica like?
- What are typical rents in Jamaica?
- What appliances are typically included in a rental?
Where should I setup a bank account in Jamaica?
If you live in Jamaica, newcomers to Jamaica would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
