How many licensed banks are there in the Turks and Caicos?

Six banks hold a licence from the Financial Services Commission: CIBC Caribbean, RBC Royal Bank, Scotiabank, British Caribbean Bank, Turks and Caicos Banking Company and Bordier Bank (TCI).

Can a non-resident open a bank account in the Turks and Caicos?

Yes. The private banks deal with international clients as their normal business, and the retail banks open non-resident accounts subject to full due diligence, a complete document pack and a clear stated purpose. Allow more time than for a resident account.

What currency do Turks and Caicos bank accounts use?

The US dollar. There are no exchange controls and no restrictions on moving money in or out of the islands. British Caribbean Bank also offers pound sterling loan accounts.

How much deposit do I need for a mortgage in the Turks and Caicos?

Bank mortgages generally start from about 15 percent down, with 25 percent and above preferred. Private mortgage funds typically lend up to 50 to 65 percent of value, so expect to put down 35 to 50 percent. Confirm current criteria with the lender.

The Banking Atlas, Turks and Caicos

Q: Is there deposit insurance in the Turks and Caicos?

No. There is no deposit guarantee scheme in the Turks and Caicos Islands. The Financial Services Commission supervises the banks and publishes their audited statements, but deposits are not insured as they would be under the FDIC, CDIC or FSCS.

How to read the Atlas

One record per institution. Each record carries its legal name, the licence it holds, every branch and office, direct phone numbers, email, hours, online banking and the forms you actually need. Tap any record's link button to copy a direct address for it, so you can send "here is BCB" to a WhatsApp group instead of the whole page.
Verification status is shown on every record. FSC register means the name and licence appear on the Financial Services Commission's own lists. Verified on institution site means the contact details were read from the institution's own website. Reported in press means a local news source is the only evidence and the detail should be confirmed before relying on it.
Fees are the regulator's numbers, not ours. The comparison tables reproduce the FSC's Schedule of Domestic Banks' Rates and Charges as at June 2026, which the banks submit themselves. Where a bank does not offer a product the cell reads "not offered". The FSC schedule does not publish interest rates, so lending rates link to each bank's own rate page.
Sectors are colour coded on the left edge. Gold is retail banking, pale blue is private banking, green is money transfer, lilac is trusts and investment, and a dashed amber edge means the institution has been announced but is not yet open for business.
Last checked date sits at the foot of every record. Banks move, close branches and change numbers; if a detail matters, ring first. The source link on each record is where to look if something has changed.

What the banks charge, side by side

Reproduced from the FSC's Schedule of Domestic Banks' Rates and Charges as at June 2026, the regulator's twice yearly comparison compiled from what each bank submits. Personal accounts only. The FSC notes the schedule is a sample of fees and not an exhaustive list. Scotiabank published a further set of fee changes effective 1 September 2026 (see its record above), so the Scotia column is the June baseline and not necessarily what you would be charged today. Figures are transcribed from the schedule as published; where the schedule reads "not applicable" this page says "not applied" or "not offered", which is a formatting choice, not a statement about what that bank does. If a bank believes a cell misstates its position, write to us and it will be corrected.

Show only the banks you are choosing between. This applies to every comparison table on the page.

Everyday personal banking charges, June 2026 (US$)
Charge	CIBC Caribbean	RBC Royal Bank	Scotiabank	British Caribbean Bank	TCBC	Bordier
Current account, minimum monthly fee	$10.00	$5.00 to $48.00 by account type	$0 Junior and Total Access Senior; $10 Electronic Access; $14 Total Access	$12.25	$12.50	0.50% per annum
Charge per entry or cheque	$2.40 plus stamp duty	6 free items, then $2.50 to $3.00	$3.25	not applied	$10.00	not applied
Savings account, minimum monthly fee	$7.50	Free to $15.00 by account type	$5.00 to $8.00	not applied	$12.50	not applied
Savings, minimum balance to waive fees	Depends on account	$500 to $5,000 by account type	$200 Primary Savings; $5,000 Signature Savings	not applied	not applied	not applied
Returned cheque	$25 local; $40 foreign	$15.00 to $35.00	$44.00	$50.00	$50.00	not applied
Dormant account fee, per year	$25 current; $50 savings	$30 a year up to 6 years; $50 in year 7 when funds pass to government	$25 at 2 years; $50 at 5 and 7 years	$100.00	not applied	not applied
Interim or duplicate statement	$50.00	$15.00	$11.00	$5.00 duplicate	not applied	not applied
Stop payment, local cheque	$25.00	$25 cheque; $30 draft	$25.00	$25.00	not applied	not applied
Manager's cheque (customer)	$13.64 plus stamp duty	$11.00	$13.20	$11.00	not applied	not applied
Reference letter or balance certificate	$25.00	$25.00 to $40.00	$44.00	$40.00	$50.00	not applied
Standing order	$5.00	$4 set up; $14 plus draft or wire cost to another local bank; $12 to an account; $15 amendment	$7.50	$15.00	not applied	not applied
Bill payment, in branch / online	Free / Free	$1.50 / Free	Free / Free	not applied	Free / $10.00	not applied

Wires, cards and ATMs, June 2026 (US$)
Charge	CIBC Caribbean	RBC Royal Bank	Scotiabank	British Caribbean Bank	TCBC	Bordier
Incoming wire	$15 to $30	$10 to an RBC account; $15 to another bank	$11.00	$12.00	$15.00 to $25.00	not applied
Outgoing wire	Online $61.60 to $112.00; branch $110.88 to $147.84	Up to $24,999: $71.50 branch, $51.50 online. $25,000 to $99,999: $86.50 / $66.50. $100,000 to $499,999: $131.50 / $96.50. Over $500,000: $145 / $100	$100.00 plus 12% DFSST	$106.40	$50.00 to $500.00	not applied
ATM withdrawal	$0.50 own; $3.00 other local bank; $5.00 overseas	$1.00 RBC; $4.00 plus 0.5% local; $3.00 plus 2.5% international	Free own; $1.35 local; $2.70 international	no ATM card	not applied	not applied
ATM deposit, enquiry, transfer	Free	Free at RBC; $0.50 enquiry elsewhere	Free	not applied	not applied	not applied
Point of sale, debit card	Free	Free local; 2.50% international	Free	not applied	not applied	not applied
Replacement debit card	$10.00	$5.00	$11.00	not applied	not applied	not applied
Credit card annual fee, Visa	$85 to $150	Classic $45 (co-applicant $25); Gold $70 ($35); Rewards Platinum $125 ($60)	not offered	not offered	not offered	not offered
Credit card annual fee, Mastercard	$100.00	not offered	$165.00	not offered	not offered	not offered
Cash advance	3% Visa	3% Visa, minimum $5	2.5% to 3.0% Mastercard	not offered	not offered	not offered
Credit card late payment	$50.00	$40.00	$38.50 to $55.00	not offered	not offered	not offered
Foreign draft sold	$39 up to $49,999; $110 from $50,000	$25 under $25,000; $35 at $25,000 and above	0.50% (min $20) to $5,000; 0.25% (min $25) to $25,000; 0.125% (min $62.50) to $100,000; 0.0625% (min $125) above	not applied	$25.00 to $100.00	not applied
Safety deposit box, annual	$50 to $275	$65 to $275	$93.50 to $220 residents; $220 to $440 non-residents	not offered	not offered	not offered
Night deposit wallet, annual	$85.45, plus 0.45% above a $10,000 daily deposit	not applied	$90.00	not applied	not applied	not applied

Loan, mortgage and investment charges, June 2026 (US$)
Charge	CIBC Caribbean	RBC Royal Bank	Scotiabank	British Caribbean Bank	TCBC	Bordier
Loan commitment or acceptance fee	1%	1% of loan, minimum $250	1.10% of loan, minimum $138 (personal loans and mortgages)	1%	Up to 1%	not applied
Annual renewal fee	not applied	1% of loan, minimum $125	$138 (mortgages)	not applied	not applied	not applied
Late payment	$50.00	5% of principal and interest in arrears after 10 days grace, minimum $60	$61 personal loan; $55 mortgage	$80.00	not applied	not applied
Guarantees and indemnities	not applied	not applied	1% of loan	not applied	not applied	not applied
Money market fund, minimum and rate	$5,000; 2.40%	not offered	not offered	$10,000; 1% to 4%	$5,000; 0.5% to 7% by currency	not offered
Securities, minimum investment	$10,000	not offered	not offered	not offered	$50,000	$1,000 per trade
Brokerage, equities	0.5%, minimum US$100	not offered	not offered	not offered	0.50% per ticket, minimum $75	0.25% to 1% per trade
Brokerage, bonds	0.5%, minimum US$100	not offered	not offered	not offered	0.10% per ticket, minimum $25	0.25% to 0.70% per trade
Portfolio management, minimum	$1,000,000	not offered	not offered	not offered	$50,000	$250,000
Portfolio management fee	1.00% per annum	not offered	not offered	not offered	1.5%, negotiable	0.75% to 1% per annum

DFSST is the Domestic Financial Services Sales Tax, charged at 12% on certain bank services. The FSC schedule for December 2025 and earlier years is on the same FSC page if you want to see how a charge has moved.

Financing a property: bank or private lender

Two systems run side by side in the Turks and Caicos. The retail banks lend on income, employment and credit history, at the lowest rates available locally and with the most paperwork. The private mortgage funds lend on equity and the marketability of the property, decide in days, and charge more for it. Most non-resident buyers end up choosing between the two on speed and down payment rather than rate alone.

Bank mortgage

Who lends: CIBC Caribbean, RBC Royal Bank and Scotiabank offer residential and commercial mortgages. British Caribbean Bank lends for residential purchase and construction and has an appetite for tourism related development.
Down payment: income based mortgages start at around 15% down, though the banks generally prefer 25% and above. Private brokers put bank lending as high as 70% loan to value for the right borrower.
How it is assessed: income, employment history, existing debt, residency status and credit history. Non-residents have a dedicated RBC programme; CIBC and Scotia assess case by case.
Rate: almost always variable, tied to the bank's US dollar prime rate. Some banks fix for an introductory period. RBC publishes its TCI prime rate changes as notices (see its record).
Time to fund: weeks to months. Bring the full checklist on the first visit; missing documents restart the clock.
Construction: the banks offer construction mortgages, drawn in stages against certified progress. Some have narrowed appetite for buy and build on raw land.

Private or equity based mortgage

Who lends: Portico Capital Partners (formerly G&P Capital), Meridian Mortgage Corporation, and private investors reached through the broker Carib Capital.
Down payment: typically 50% of value. Portico goes to 65% on marketable Providenciales property, 60% on land. Meridian caps at 50% unless other near cash assets can be secured, then up to 75%.
How it is assessed: the equity in the deal and whether the property would sell quickly if it had to. Portico does not check income or credit on standard applications and lends to corporate borrowers. Meridian asks for photo ID, proof of address, a bank reference and a net worth statement.
Rate and term: higher than the banks; a broker's public guide puts residential private money at roughly 8 to 9% plus lender and broker fees. Terms run 1 to 2 years renewable (Portico) or amortised over up to 15 years with rates fixed for up to 3 years (Meridian).
Time to fund: Meridian quotes agreement in principle within 48 hours and funds within 21 days of closing; Portico quotes funding in about 3 weeks.
Where they lend: Providenciales first, then Parrot Cay, Pine Cay and North Caicos for Portico; Meridian also lends on North American property.

Costs that sit outside the lender

Registering the charge: a mortgage is registered as a charge on the parcel at the Land Registry. Registration costs 1% of the amount charged plus a small processing fee, and the charge shows on the title excerpt until it is discharged.
Stamp duty on the purchase itself is separate and payable to the Collector of Stamp Duty; the calculator is in the Government Services Atlas.
Lender's legal fees and valuation are charged to the borrower on top of the commitment fee shown in the table above.
Discharge of lien: Scotiabank lists $100 from 1 September 2026; ask the other banks for theirs when you take the loan, not when you repay it.
Buying through a company: Meridian and the Legal Atlas firms will explain the trade offs of holding property in a Turks and Caicos ordinary company, including the share transfer route on resale. Take legal advice before choosing.

Walkthroughs

Open a personal account

Choose the bank your money moves between. Transfers between different local banks carry fees and take time; if your employer or your tenants bank with CIBC, that is a point in its favour.
Assemble the pack before you go. Valid passport, a second photo ID, proof of address (utility bill or lease), proof of legal status (work permit, PRC, Islander status or visitor entry stamp), proof of income or a job letter, and a reference letter from your current bank. Each bank publishes its own list: CIBC account opening requirements, RBC account opening package, Scotiabank how to apply.
Start online where you can. CIBC has an online onboarding flow and Scotiabank an online account opening page; RBC asks you to book at the branch. The private banks take an enquiry form first and follow up by appointment.
Expect the account to open on documents, not on the day. Corporate accounts in particular are known to take weeks to months; a local attorney or company manager can shorten it by presenting a complete file.
Register for digital banking on day one and set up alerts. Most day to day tasks, including local transfers and bill payments, are free online and charged in branch.

Open a company account

Have the company in good standing first. Certificate of incorporation, certificate of good standing, memorandum and articles, registers of directors, officers and shareholders, and the business licence.
KYC on every principal. Each director, signatory and beneficial owner over the bank's threshold needs the same personal pack as above.
Board resolution to open the account naming the signatories and signing rules, on company letterhead.
Describe the business. Expected turnover, source of funds, who pays you and where you pay out. Vague answers are the commonest reason for a stalled application.
Consider a company manager or attorney to present the file. Licensed company managers are listed by the FSC and several are in the Government Services Atlas.

Receive an international wire

Give the sender the bank's own instruction sheet, not a hand typed version: CIBC TCI wire instructions, RBC settlement instructions for incoming SWIFT, Scotiabank wire transfer routing.
SWIFT codes: CIBC Caribbean FCIBTCGP, Scotiabank NOSCTCGP, British Caribbean Bank BCBATCGP, TCBC TCBCTCGP. RBC's TCI operation settles through its Bahamas entity; use the RBC sheet above. Bordier clients receive instructions from their relationship manager.
Include the intermediary or correspondent bank named on the sheet. Missing correspondent details are the usual cause of a wire sitting unapplied.
Expect an incoming fee of $10 to $30 depending on the bank, and a compliance query on large or unusual amounts. Have the purpose and source of funds documented (sale agreement, invoice, payslip).
Property completions: funds usually go to the attorney's client account rather than your own; confirm the account with the firm by phone before sending, never from an emailed change of details.

Send money out

Online is cheaper than the counter at CIBC and RBC on the June 2026 schedule. Scotiabank is listed at a flat $100 plus 12% DFSST, which the schedule does not split by channel.
Mind the cut off. CIBC publishes a wire cut off times sheet; wires keyed after the cut off leave the next business day.
Smaller remittances to family abroad are often quicker and cheaper through Western Union at GraceKennedy, Vigo at NCS, or CAM Transfer, all licensed by the FSC. Bring photo ID; limits apply per transaction.
Cash: RBC published a notice on over the counter cash withdrawals under US$1,000 (linked on its record); use the ATM for small amounts.

Apply for a bank mortgage

Get pre-qualified before you view. RBC has an online mortgage prequalification; CIBC and Scotia will do it by appointment.
Use the bank's checklist, not memory: RBC TCI residential mortgage checklist, Scotiabank mortgage checklist, CIBC mortgage application checklist.
Typical contents: ID and status documents, three to six months of bank statements, job letter and payslips or two years of accounts if self employed, signed sales agreement, the parcel's land registry excerpt, a valuation from a bank approved appraiser, and proof of the deposit.
Budget the fees: commitment fee of about 1%, valuation, the bank's legal fees, 1% charge registration at the Land Registry, home insurance naming the bank, and life cover if required.
Switching later: CIBC publishes a TCI mortgage switch sheet for borrowers moving an existing mortgage.

Lost card, fraud or a dispute

Freeze the card in the app first, then call: Scotiabank 649 941 7774; RBC card inquiries 1 242 326 2273 or all inquiries 1 242 356 8500; CIBC Leeward Highway 649 941 1660 or Grand Turk 649 941 9131; TCBC 649 941 4994; BCB 649 941 5028.
Scotiabank verifies unusual activity through an authorised WhatsApp account; check the number on its site before replying to any message.
Both Scotiabank and the FSC have warned of callers impersonating the FSC. The FSC does not phone customers about their accounts.
If the bank does not resolve a complaint, the FSC accepts complaints against licensees once the institution's own process has been exhausted.

Three calculators

Every figure below comes from the FSC June 2026 schedule or a lender's own published terms, and every result shows which. Where an institution publishes a range rather than a formula, the range is shown as a range rather than guessed at. Nothing is stored or sent anywhere; the checklist saves only in your own browser.

What will this wire cost me?

Outgoing international wire, personal account. Enter the amount you want to send.

Amount to send, US$ Where from

How much will each lender advance, and what are the upfront costs?

Maximum loan is each lender's own published loan to value ceiling. Upfront costs are the commitment fee from the FSC schedule plus the 1% Land Registry charge registration. Valuation, legal fees and insurance are extra and vary by file.

Purchase price or value, US$ Cash you have, US$ Property type

Document checklist

Tick items off as you gather them. Ticks are saved in this browser only, so you can close the page and come back to it.

Checklist

The banks at a glance

A structural comparison, not a ranking. Which of these matters depends entirely on what you need a bank for: a resident being paid locally, a business taking card payments, and a non-resident owner paying a strata fee twice a year want three different things.

Structure and services, September 2026
	CIBC Caribbean	RBC Royal Bank	Scotiabank	British Caribbean Bank	TCBC	Bordier
Type	Retail	Retail	Retail	Private	Private	Private
Branches	Providenciales, Grand Turk	Providenciales	Providenciales, plus a Grand Turk service office	Providenciales	Providenciales	Providenciales
Own ATMs	Branch ATMs plus seven remote tellers	Branch, drive through	Branch plus six off site	None listed	None listed	None listed
Islands reached by ATM	Provo, Grand Turk, North Caicos, South Caicos	Provo	Provo, Grand Turk, South Caicos	n/a	n/a	n/a
Debit card	Yes	Yes	Yes	Not in the FSC schedule	Yes, per the bank's site	Not in the FSC schedule
Credit cards	Visa and Mastercard	Visa	Mastercard and American Express	Not offered	Not offered	Not offered
Residential mortgages	Yes	Yes, including a non-resident programme	Yes	Yes	Not advertised	Not advertised
Construction lending	Yes	Yes	Yes, home builder loans	Yes, commercial and construction	Not advertised	Not advertised
Investments and portfolios	Yes	Through RBC Dominion Securities	Not in the FSC schedule	Money market	Yes, core business	Yes, core business
Currencies	USD	USD	USD	USD and GBP	Multi-currency	Multi-currency
Online banking	Yes	Yes	Yes	Yes	Yes	Client e-services
Often used by	Residents and businesses wanting the widest cash access	Residents, and non-residents using the dedicated mortgage route	Residents, cardholders, businesses taking payments	Borrowers, and sterling holders	Investment and wealth clients	High net worth wealth clients

"Not in the FSC schedule" means the June 2026 schedule records no charge for that product, which usually indicates it is not offered to personal customers, but the bank is the authority on what it offers. "Often used by" describes typical use, not suitability for you.

If you are overseas

The commonest questions from buyers and future residents who are not in the islands yet, answered in the order they usually come up.

Do I need a local account to buy property?

No. Purchase funds normally move by international wire to the attorney's client account, and the conveyancing is handled by a local firm. Many non-resident owners complete a purchase without ever opening a local account.
You will probably want one afterwards if you will pay a strata fee, utilities, a management company, staff or a local contractor. Paying those from abroad by wire every time costs more than the account does.
Some sellers and developers ask for funds from a named account matching the buyer; check the requirement early rather than at closing.

Can I open an account before I arrive?

The private banks are built for this. British Caribbean Bank, TCBC and Bordier deal with international clients as their normal business and begin with an enquiry form or a relationship manager rather than a branch queue.
The retail banks will open non-resident accounts but expect the full document pack and a clear stated purpose. CIBC and Scotiabank both have online account opening routes; RBC directs new applicants to the branch.
Allow time. Due diligence on a non-resident file takes longer than on a resident one, and corporate files longer again. Start before you need the account, not when a payment is due.
Notarisation. Expect to have identity documents notarised or certified in your home country, and to provide proof of address in that country as well as any local one.

What about time zones and getting hold of someone?

The islands run on Eastern Time, the same clock as New York and Toronto, which makes North American business hours straightforward and leaves UK callers a late afternoon window.
RBC's Caribbean contact centre operates from Nassau on 242 numbers, which is often faster than the branch line.
Branch hours are short by international standards, commonly 9:00 am to 3:00 pm weekdays. Plan calls for the morning.

What should make me stop and check?

Any emailed change of bank details during a property transaction. Ring the firm on a number you already had and confirm verbally. This is the single most common way money is lost in Caribbean property purchases.
Anyone claiming to call from the Financial Services Commission about your account. The FSC has warned publicly that it does not do this.
An institution not on the FSC registers offering to take your deposit. Every deposit taker in the islands must be licensed; the register is linked on the FSC record above.
There is no deposit insurance scheme in the Turks and Caicos. Decide deliberately how much you are comfortable holding locally.

Wire instruction finder

Read this before you send anything

This page does not publish beneficiary account numbers or correspondent bank details, and you should not wire money on the strength of any third party page, including this one. Those details change without notice, and fake instruction sheets are the standard tool of payment redirection fraud. Every bank below publishes its own current instructions; the link takes you to the bank's own document, which is the only version to give a sender.

For a property purchase, funds normally go to your attorney's client account, not a bank's general details. Confirm that account by telephone, on a number you already held, with a person you have spoken to before. Treat any emailed change of bank details as fraudulent until you have confirmed it by voice. No exceptions, however convincing the email looks.

SWIFT/BIC codes shown are those listed in the public SWIFT/BIC directory for the Turks and Caicos Islands, checked on 15 September 2026. A code identifies an institution, not an account, and is not sufficient on its own to send a payment. Confirm the full instruction set with the bank or the beneficiary before sending.

Where the cash machines are

Bank published locations as at September 2026. CIBC "Instant Tellers" and Scotiabank ATMs dispense US dollars. Grand Turk and the family islands are thin on the ground; carry cash to Middle Caicos, South Caicos and Salt Cay.

Providenciales

CIBC Caribbean, Leeward Highway branch (3 smart ATMs, 1 instant teller)
CIBC at Smart Supermarket, Leeward Highway
CIBC at Graceway Gourmet, Grace Bay
CIBC at Providenciales International Airport, arrivals
CIBC at Long Bay Express gas station, 404 Long Bay Road
Scotiabank ScotiaCentre, Leeward Highway at Cherokee Road (3)
Scotiabank at Ritz-Carlton, Grace Bay
Scotiabank at Graceway Gourmet, Grace Bay
Scotiabank at Graceway IGA, Leeward Highway
RBC Royal Bank, Raleigh House, Leeward Highway (drive through)

Grand Turk

CIBC Caribbean, Front Street branch
CIBC at the Grand Turk Cruise Centre
Scotiabank at Graceway Supermarket, Cee's Shopping Centre
Scotiabank at Dickenson Office Complex, Waterloo Road
Scotiabank office at JAGS McCartney International Airport: lending and service only, no cash

North Caicos

CIBC at the Hon. Paul Higgs Building, Bottle Creek

South Caicos

CIBC at Norman B. Saunders Sr. International Airport
Scotiabank at Super Value Supermarket, Hillgrove Street

Common questions

Is there deposit insurance in the Turks and Caicos?

No. There is no deposit guarantee scheme in the islands. The FSC supervises the banks for safety and soundness and publishes their audited statements, but depositors are not insured in the way they would be under the FDIC, CDIC or FSCS. Spreading larger balances across institutions, or keeping surplus funds in a home jurisdiction that does insure them, is a personal decision worth making deliberately.

Can I open an account as a non-resident?

Yes, and buyers routinely do so before completion. The private banks (British Caribbean Bank, TCBC, Bordier) are built around international clients and open accounts remotely subject to due diligence. The retail banks will open accounts for non-residents but expect the full document pack and a clear purpose, and the process is slower than for residents.

Why does a transfer between two local banks cost money and take days?

There is no domestic clearing system. A payment from CIBC to Scotiabank is handled as a draft or a wire between two institutions with different correspondent banks, so it carries a fee and settles like an international payment. Choosing the bank your counterparties use avoids most of it.

What currency are accounts held in?

US dollars. The islands use the US dollar, there are no exchange controls and no restrictions on moving money in or out. British Caribbean Bank also offers pound sterling loan accounts, and RBC notified clients that its euro accounts were being discontinued.

What happens to a dormant account?

Each bank charges a dormancy fee after a period of inactivity (see the fee table) and, after seven years, balances are transferred to the government as abandoned property. CIBC publishes an annual list of abandoned TCI accounts on its locations page. Log in or transact at least once a year to keep an account live.

Where are the borrowing rates?

The FSC schedule covers charges, not interest rates. Scotiabank publishes a borrowing rates page, RBC publishes its TCI US dollar prime rate changes as notices, and CIBC quotes at application. Private lenders quote on request; Meridian says so explicitly.

Is there a credit union?

Not yet. The Turks and Caicos Community Credit Union has been funded and scheduled by government but, as at 15 September 2026, no licence or opening date has been published by the FSC. The record above will be updated when it opens.

What is the government Mortgage Corporation?

A statutory lender created by the Mortgage Corporation Bill 2026, passed on 1 June 2026, to widen mortgage access for Turks and Caicos Islanders, first time buyers, public servants and families in the family islands. Its board was appointed in July 2026 and government has said it aims to be operational by the end of 2026. It is intended to complement the banks, not replace them.

I had money in TCI Bank. Who do I contact?

TCI Bank Limited, the locally founded bank that opened in 2005, is in liquidation. The liquidator can be reached at info@tciblimitedliquidation.com, 649 941 7500, F203 Regent Village, Providenciales.

Source data and methodology

An archived version of the FSC register also listed an overseas-licensed bank that does not appear on the current register; only institutions on the register as at 15 September 2026 are listed here. Institution names and licence status were taken from the Financial Services Commission's registers of licensed banks, licensed money transmitters, licensed trust companies and investment dealers and advisors, read on 15 September 2026. Contact details, hours, locations and forms were read from each institution's own website on the same date; where an institution's site and the FSC register give different phone numbers, both are shown. Fees are the FSC's Schedule of Domestic Banks' Rates and Charges as at June 2026, transcribed as published. Private lender criteria are the lenders' own published terms. Institutions in formation are described from Turks and Caicos Islands Government press releases, the 2026 to 2027 budget address and local press, and are marked as such.

This page names real businesses. It records what they publish about themselves and what the regulator publishes about them, and does not rank or review them. Nothing here is financial advice; terms change, and the institution is the authority on its own products. Corrections from any institution listed are welcome at drew@thrive.tc and will be applied with a dated entry in the change log.

Change log

15 September 2026: first published. Seventeen records, three fee tables, six walkthroughs and three calculators.
15 September 2026: added the wire instruction finder. All four Turks and Caicos SWIFT/BIC codes in the public directory were verified individually against it; no beneficiary account or correspondent details are published, by design.
15 September 2026: audit pass. Licensed bank list re-checked against the FSC register on the day of publication and confirmed at six institutions; every cell of the three fee tables re-read against the June 2026 schedule PDF line by line. Forward dated fee changes announced by an individual bank were removed from the FSC tables so those tables contain only the regulator's June 2026 figures, and are described on that bank's own record instead. Claims about relative bank size were removed in favour of what can be verified from published branch and ATM networks. Added the at a glance comparison, the overseas section, the contact sheet and the caveat notice.

This page lives at thebankingatlas.tciinsider.com. An Atlas by Thrive for TCI Insider.

The Banking Atlas

Before you use these figures