In this article, we’re sharing a list of banks in Curaçao, including many that cater to foreign non-residents and foreign entities.
We also share actionable information on how to choose from these banks and start the process of opening accounts on the island country of Curaçao.
This article is part of our free series on how to open a bank account in Curaçao, which you can access here.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- List of Banks in Curaçao
- How to Choose Where to Open a Bank Account in Curaçao
- Frequently Asked Questions
- Ready to Open an Offshore Bank Account?
List of Banks in Curaçao
There are 49 credit institutions licensed to operate in Curaçao. These credit institutions include 8 local general banks, 3 subsidiaries of foreign banks, 2 branches of foreign banks, 8 credit unions, 2 savings banks, 6 consolidated international banks, and 20 non-consolidated international banks.
That said, only a small number of the 49 banks in Curaçao are suitable for foreign non-residents and foreign entities. So, it’s important to carefully assess each bank’s preferences, money laundering threats, Curaçao banking risks, and requirements before choosing where to apply for an account.
To help you start the process of deciding where to open, here is a selection of the banks currently licensed to operate in the country.
List of Banks in Curaçao
- APC Bank N.V.
- Bancaribe Curaçao Bank N.V.
- Banco di Caribe N.V.
- Banco Provincial Overseas N.V.
- Banesco N.V.
- Blue Bank International N.V.
- Citco Banking Corporation N.V.
- FirstCaribbean International Bank Limited
- Maduro & Curiel’s Bank N.V.
- Mercantil C.A.
- Noro Bank N.V.
- Orco Bank N.V.
- RBC Royal Bank N.V.
- Republic Bank N.V.
- The Windward Islands Bank Ltd.
Please note this list only includes 15 of the 49 banks currently licensed to operate in Curaçao. Additionally, the banks listed are presented in alphabetical order and the order does not reflect any rating or suggestion of suitability for account opening.
As always, the bank that is best for you will depend on your residency status, the reason for the account, the type of financial products and Curaçao banking services you need access to, and your deposit level.
That said, there are many additional factors you need to consider when deciding where to open a business account, personal account, confidential financial account, or private bank account in Curaçao. These factors include the preferred financial terms and Curaçao banking benefits, which you can learn more about by clicking here and accessing our free guide.
In the following sections of the article, we’ll share how to identify banks among the large list of banks in Curaçao that will accept your profile and offer the services you need.
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How to Choose Where to Open a Bank Account in Curaçao?
To choose where to open a bank account in Curaçao, you first need to understand your client profile, international banking requirements, and the process of Curaçao offshore banking.
This means understanding how banks perceive you, the risks associated with your profile, and how desirable you may (or may not) be as a prospective client.
Of course, you also need to know which services you require, including which countries you plan on transacting with and how frequently you need to send money to Curaçao.
Additionally, as is the case in most jurisdictions, each bank has its own Curaçao banking requirements, personalized onboarding process, and fee structures.
For example, if you’re looking to manage your company’s expenses with Curaçao business banking, you might be required to submit more detailed documentation and a higher deposit than if you were to open a personal bank account.
To help you determine how to choose the prime financial entities and the best banks in Curaçao to open an account with, let’s take a closer look at the key factors you should consider before choosing a bank.
Factors to Consider When Choosing Between Curaçao Banks
- Does the bank accept your client profile?
- Will the bank support your industry or source of income?
- Does the bank offer the services you require?
- Will the bank allow you to open remotely?
- Can you meet the bank’s deposit requirement?
- Does the bank have English language support?
- What fees will be applied to your account activities?
It’s important to note that even if you find a bank that meets your needs and accepts your client profile, you may still find a wider selection of banking options elsewhere.
Likewise, certain clients may find better banks with more relevant services and lower fees in more established banking jurisdictions. But, for a select number of prospective clients, Curaçao may be an interesting banking hub to consider.
Frequently Asked Questions
Below are a few of the most common questions we receive from people considering banks in Curaçao. If you have further questions you would like answered, don’t hesitate to get in touch.
How Many Banks Are in Curaçao?
There are 49 banks (licensed credit institutions) operating in Curaçao, which are subdivided into local general banks, subsidiaries of foreign banks, branches of foreign banks, credit unions, savings banks, consolidated international banks, and non-consolidated international banks.
What Is the Largest Bank in Curaçao?
The largest bank in Curaçao that is primarily local is Maduro & Curiel’s Bank with USD 5.3 billion in total assets. However, there are more prominent institutions and larger banks in Curaçao, including Republic Bank with USD 16 billion in total assets. That said, while Maduro & Curiel’s Bank operates in four small neighboring jurisdictions, Republic Bank operates in 13 jurisdictions.
Can a Foreigner Open a Bank Account in Curaçao?
Yes, a foreigner can open a bank account in Curaçao. In fact, non-resident entities can open business bank accounts in Curaçao and individuals can open non-resident accounts to access Curaçao personal banking. Of course, the banks available to you will depend on your client profile, banking objectives, the requirements you can meet, and whether or not you need access to the ANG, the currency of Curaçao. With this in mind, bank selection is critical to successfully opening accounts.
Which Is the Best Bank in Curaçao?
In order to answer “Which is the best bank in Curaçao?” you need to carefully review the client profile and banking requirements of the individual or entity looking to open accounts. This is because every bank has different client preferences, account opening requirements, level of fees, Curaçao banking costs, and offers different services.
Ready to Open an Offshore Bank Account?
If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.
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