Portofino Resort- Now with a new BEACH BAR!!
Topic Options
#356857 - 11/03/09 08:14 PM Banking in Belize
WildThing Offline
Hello Again,

I was wondering if anyone could shed some light on banking in Belize. We are UK citizens who currently bank in the UK, but are paid in US$ as we run an internet business in the US and Canada. We have been traveling in North America for the past 5 months and using ATMs to access our UK account. Obviously we are paying fees all the time for the transaction handling!

We are planning on coming to Belize in December and intend to stay for a while (with a view to considering permanent residency)......and would like some advice/guidance on banking in Belize. i.e.
Regulations for opening an account as a non-resident (initially)
Which bank is recommended?
Location/availability of ATMs etc
Is it safe to bank through a Belize bank - given the unstable banking economy

Just any general experiences, advice etc would be much appreciated.
Thank you
"When the power of love overcomes the love of power, the world shall know peace."

#356859 - 11/03/09 08:24 PM Re: Banking in Belize [Re: WildThing]
MisterB266 Offline
During my first week in Belize, I opened an account as a tourist. Easy. Be prepared with passports, any other ID, and Letters of Reference from your current bank(s). Some Belizean banks require 2 letters of reference; my bank requested only one. That was the only reason I chose that bank over 2 others.

There are also credit unions, and I know one tourist who opened an account with no letter of reference.

#356861 - 11/03/09 08:37 PM Re: Banking in Belize [Re: MisterB266]
SimonB Offline
Don't dump all your US dollars into your account (even a US$ account). You'll have a real fun time trying to get them out of the country if you decide to leave. Bring them in as you need them.

#356868 - 11/03/09 10:07 PM Re: Banking in Belize [Re: SimonB]
WildThing Offline
Thanks for this!

MisterB266 - which bank did you choose? You can PM me if you do not wan to post here. It would just be useful to be able to start checking this out.

We are looking initially to locate somewhere around the San Pedro area - is availability of ATMs pretty good around here?
"When the power of love overcomes the love of power, the world shall know peace."

#356924 - 11/04/09 11:03 AM Re: Banking in Belize [Re: WildThing]
MisterB266 Offline
Here's a link to a site with a list of banks in Belize:

I chose the one that was best for me.

I don't know how many branches each bank has, but Belize Bank, ScotiaBank (no longer known as Bank of Nova Scotia) and Atlantic Bank seem to have branches in most towns and on the cayes. And ScotiaBank has branches in Chetumal & some other Caribbean countries.

ScotiaBank has a website:

#357016 - 11/05/09 12:21 PM Re: Banking in Belize [Re: MisterB266]
Nick Barton Offline
We are UK based, currently, but with a house on A.C. We have had an B$ account with Atlantic Bank for 6-7 years (plus a credit card)and it works fine. We can now access our accounts on line for moving cash around between savings and current accounts which is helpful.

As Simon suggests, we move money into these accounts from overseas when we need them so our exposure is not too great at any one time - just in case!

#359053 - 11/25/09 01:57 PM Re: Banking in Belize [Re: WildThing]
ScottPH Offline
You shouldn't have too much trouble finding an ATM in San Pedro, though most of the rest of the country is a different story. And it's not uncommon for machines to be down or out of money, something to keep in mind before counting on them as your primary source of funds.
If you'd like more info, check out our Belize articles at http://www.paradisehunter.com


Click for excellent scuba lessons with Elbert Greer!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
Caye Caulker

TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lilí Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Who's Online
0 registered (), 36 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,635 Registered Members
44 Forums
63,711 Topics
461,241 Posts

Most users ever online: 1,262 @ 06/10/07 02:16 PM

AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.