Has anyone openned up a bank account in Aruba? If so can you tell me what the banks need and how long it takes to open one up? Is one better than other or are they the same?

thanks

it takes nothing more than some money to deposit.
positive identification (passport)
pretty much the same rates
we did have a cd from one of the banks there a few yrs ago at a very good rate of return. it was timed right so that it came due during one of our visits.

double check about online access to the account

andrea

in addition to ID we also needed letters from our bank at home saying we had money there for for at least a year . We opened our account with RBTT. GOOD LUCK

NBOUDRIA1

ours is at RBTT
my husband and i needed no such letter from our bank in the usa.
we keep a small savings account on island
and a cd which we cashed when it came due in 2005
currently we only have a small saving account there
have had a small account there since 2001
andrea

times have CHANGED since we openend our small savings
this is from ArubaBank website
andrea j

If you are not an Aruban resident

· Valid passport.
· Valid ID - we prefer not to use driver's license, because copies made are not readable (only for Venezuelan clients) .
· Two bank references addressed to Aruba Bank N.V. or to client's name.
· If subject has only one bank, than a personal reference is required from a lawyer or notary.
· Employment letter a/o salary slip.
· Reference letter from employer
· Chamber of commerce documents if self employed (own business).

I found CMB better to deal with. Aruba bank was a nightmare.

the reason why there is so much red tape is because after 9/11 the movement of any money has to be proven not to belong to any terrorist cells. I have had no problem with RBTT

nboudria1

We deal with RBTT which has worked out well. I even have the cell phone number of the girl I deal with and have reached her at home when she was off sick. She also responds immediately to any email I have sent her. We have online access to our account and we can set up or stop any of our automatic payments online.

They did require two letters of recommendation when we opened the account.

Last week we opended an account with CMB on Palm Beach Road. It only took us four (4) days from the time we completed all of the paperwork at the bank until the time of our approval. As long as you bring all of the required paperwork as listed above, it is a fairly easy process. We did also receive ATM cards and on-line banking access.

Regards,
David

David
http://www.oldworldphoto.com
http://www.casadearuba.com

We would like to open a bank account when we go down. Could someone please tell me the name of the bank across from the Renaissance Ocean Suites and what they require? Do they have online banking? Thanks in advance!!

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