Banks in Jamaica

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From post offices to medical centers, cambio’s to information bureaus, our resort areas provide access to all the amenities you could possibly need. So, kick back and relax because we’ve got you covered.

Here in Jamaica we use the Jamaican dollar as our currency.

Licensed cambio centers and commercial banks are accessible in all resort areas. The official currency exchange rates vary daily, so it’s advisable to shop around for the best rate before converting your cash. Most Jamaican ATM’s accept international bank cards with Visa, MasterCard, Cirrus and Plus logos. Banks also give credit card advances, change traveler’s checks among other financial services.

Commercial Banks

Jamaica has seven commercials banks, as categorized by the Bank of Jamaica as of February 28, 2010. These include, The Bank of Nova Scotia Jamaica Ltd (BNS), First Caribbean, Citibank, First Global, RBTT Jamaica Ltd, Pan Caribbean and The National Commercial Bank. The Bank of Nova Scotia provides many personal solutions, including – Accounts & plans, Credit Cards, insurance products, loans, Internet Banking, investment products, mortgages and so on. It’s business service entails corporate and commercial banking, small business banking, cash management and international trade support. Such services has lead BNS to be the Jamaica’s leading financial institution. It has been in existence since 1889 and is ranked in the top two Jamaican banks! The Bank of Nova Scotia has been in Jamaica since 1889. It origins started with a small banking office in Kingston that served the needs of mainly merchants in the post emancipation period.

First Global Bank Limited - First Global Bank Limited (FGB) is a commercial bank operating in Jamaica, originating in 1970 as The First National Bank of Chicago (Jamaica) Limited. That organization later changed ownership and was renamed First Jamaica National Bank Limited. That institution was
Citi Bank - Michael L. Corbat is Chief Executive Officer of Citigroup, the world’s global bank, with approximately 200 million customer accounts and activities in more than 160 countries and jurisdictions. Mr. Corbat has been at Citi and its predecessor companies since his
CIBC FirstCaribbean - CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking.  It is the largest, regionally-listed bank in the English-and
National Commercial Bank Jamaica - The National Commercial Bank Jamaica Limited (NCB), currently the largest bank in Jamaica, began operations when the Colonial Bank of London, England started out in Kingston in 1837. By 1925 there were a total of 11 branches island wide and
Bank of Nova Scotia (BNS) - The Bank of Nova Scotia has been in Jamaica since 1889. It origins started with a small banking office in Kingston that served the needs of mainly merchants in the post emancipation period. These were people who sought to establish

Building Societies

The most popular building societies in Jamaica are The Jamaica Building Society (JNBS) and Victoria Mutual Building Society (VMBS). From as early as 1867, the concept of the Building Society was introduced to Jamaica to assist working and middle class people in realizing their dream to own their own home. In the ensuing years, a number of Building Societies sprung to life and in the year 1865, an Act for the Regulation and Encouragement of Benefit Building Societies was passed.

The Scotia Jamaica Building Society - Scotiabank Jamaica, a major player in the financial industry, embraced the strategic vision of expanding its service offerings within the sector. Our aim is to provide customers with a wide range of financial services under one brand, trading on the
The Victoria Mutual Group - The Victoria Mutual Group operates on the principles of “Mutuality” and is made up of a network of financial and other related services provided through our four member and affiliated companies aimed at meeting all the financial needs of our
Jamaica National Building Society - History of Jamaica National Building Society From as early as 1864, the concept of the Building Society was introduced to Jamaica to assist working and middle class people to realize their dream to own their own homes. In the ensuing

Jamaica Co-operative Credit Union League Limited

Three of the most popular credit unions in Jamaica are City of Kingston Co-operative Credit Union Ltd (COK), the Montego Bay Cooperative Credit Union, and the Churches Credit Union.A credit union is a co-operative financial institution, which is owned and controlled by its members. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and obtain loans and other financial services at competitive rates. Members of a credit union share a common bond, such as their occupation, where they live or even attend church.

UWI (Mona) & Community Co-operative Credit Union Ltd - A Credit Union is an association of people who unite and pool their financial resources to own and control a financial organization. This organization provides financial services to meet their common needs, including loans at low interest rates. As a
St. Thomas Co-operative Credit Union Ltd. - An Overview of STCCU core values: Compliance with regulationsEfficiency and effectiveness Prudence Service Excellence ProfessionalismAccountability Respect OUR MISSION To empower our members, community and other stakeholders by providing financial and other services of the highest quality to enhance their social
P.W.D. Cooperative Credit Union Limited - P.W.D. Cooperative Credit Union Limited will seek to increase the well being of its members through the provision of efficient services, the fostering of good member relations, continuous education and training, the provision of financial councelling and an equitable return
First Regional Co-operative Credit Union Ltd. - The history of First Regional Co-operative Credit Union Ltd. is rooted in some 55 years of dedicated service to its members through a range of strategic mergers and propitious partnerships that have resulted in a more vibrant, stronger Credit Union,
Shell Employees’ Credit Union - Vision – To be our members’ first choice for financial services. Mission – To assist our members in reaching their unique financial goals by offering competitive rates and the highest quality of professional and accessible service with a personal touch.
Portland Co-operative Credit Union History - During the early years prior to 1971, there were two Credit Unions Operating the in the parish , The Saint Anthony’s Credit Union in Port Antonio and The Saint George’s Credit Union in Buff Bay. These were very small Credit
Palisadoes Co-op Credit Union Ltd - Palisadoes Co-op Credit Union Ltd was recently crowned “Runner-up Credit Union of the Year 2012” in the large category by the Jamaica Co-op Credit Union League.  Thanks be to God who has showered us with His many blessings and has
N.C.B. Employees Co-operative Credit Union Ltd. - Prompted by the good that a Credit Union can do for just about any group of individuals, a request was made to the management of the National Commercial Bank by Messrs. Norman Vickers and Orville Johnson that the staff be
NAJ & Health Services Co-operative Credit Union - In 1976, a group of nurses thought that if they pooled their resources and formed a co-operative, they would be able to satisfy some of their economic needs. The group’s expectation became a reality on August 5, 1976, when NAJ
ICD & Associates Employees Co-operative Credit Union Ltd - ICD & Associates Employees Co-operative Credit Union Ltd. was established on December 11, 2001, by change of name from Mechala Group Employees Co-op Credit Union Ltd. The credit union carried the registration date of its predecessor United Motors Employees Co-operative

Investment Banks

Barita Investments - Founded in 1977 by Rita Humphries-Lewin, Barita Investments Limited has the distinction of being the oldest stock broking company in Jamaica. Over the past 31 years, the company has built a sound reputation for excellence in the areas of Equities
Alliance Investment Management Ltd - Alliance Investment Management Ltd. was created to provide companies and individuals with successful, time tested, approaches and innovative options for investment and financing. The company is licensed by the Financial Services Commission of Jamaica under the Securities Act 1993. We
Sagicor Bank Jamaica Limited (formerly PanCaribbean Bank Limited) - Pan Jamaican Investment Trust, Pan Jam, was formed in 1964 to raise capital by public subscription to create an island-wide operation unrestricted in its investments. During  the same period,  The Hon. Maurice Facey, our Chairman, decided to launch himself into the

Merchants

Merchant Banks – A bank that deals mostly in (but is not limited to) international finance, long-term loans for companies and underwriting. Merchant banks do not provide regular banking services to the general public. A merchant bank also provides advisory on corporate matters to the firms they lend to. Merchant Banks Operating under The Financial Institution Act as at August 31, 2013:

JMMB Merchant Bank - Since its inception, JMMB has established itself as one of the leading brokerage houses in the Caribbean. The JMMB Group now offers a wide range of investment solutions, banking and insurance services in Jamaica, Trinidad & Tobago and the Dominican
MF&G Trust & Finance Limited - MF&G TRUST & FINANCE was incorporated in 1969 as Solnar Limited with its activities geared to providing deposit-taking, lending and leasing facilities to clients of the law firm Myers Fletcher & Gordon. In 1992 the shareholders decided to position the
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