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Opening a bank account in the Cook Islands

Julien

Hi all,

is it difficult for expats to open a bank account in the Cook Islands ?

Which documents are required to open a bank account in the Cook Islands ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

See also

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Harmonie

Thanks for the tips dieselcop!;)

Harmonie.

dlschulz

Where are the answers to this question - Opening a bank account in the Cook Islands?

lorreta

which documents ase required to open a bank account in the cook island?

stumpy

lorreta wrote:

which documents ase required to open a bank account in the cook island?


Hi and welcome to º£½ÇÂÒÂ×.

Perhaps you could contact banks in the Cook Islands for the information you are seeking.

magnus

There are basicly 3 banks on Cook Islands.
There are also a bunch of off-shore investment fund companies.

The banks.

Getting loans..... I would not like to do that. Interest rates are to say the least.... staggering.
Today 2014-07-13 I notice BCI intersts are:
Home Loan 8,99%
Business loan 8,20%
And the term deposit rate is 4,40%.

Banks are
Bank of Cook Islands
ANZ
Westpac

Tikkakhan

nice information

Tikkakhan

Term deposits are in which currency NZD or AUD? Both currencies are bad for forex players right now. Term deposits would not help if accounts are in NZD or AUD

Bank accounts for expats
Discover the best international banks to manage your money securely.
magnus

All deposits are in NZ dollars.
Doing business by Forex is always bad anyhow. Forex is good for the tourist traveler that goes to the sun ones a year but it is much less loss to transfer the money between banks directly.

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