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Thread: Bank to Choose In Aruba

  1. #11
    Senior Member
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    I'de go with CMB or Aruba Bank. RBC has terrifying service. I personally have Aruba Bank and i've been with them for 15 plus years and they usually try to be helpful at least if issues come up. I don't know that many people who have CMB, but havnt heard much negatives. CIBC is a new bank that opened just last year or the year before. So I wouldn't jump on board with them just yet.
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  2. #12
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    Unless you have to open an account I would avoid it. We were able to purchase our condo without doing so. We have a property manager who takes care of our local bills.
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  3. #13
    Senior Member schexc's Avatar
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    We do the same. No bank account needed for us.

    Quote Originally Posted by Mohair View Post
    Unless you have to open an account I would avoid it. We were able to purchase our condo without doing so. We have a property manager who takes care of our local bills.




    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL AT EAGLE BEACH. CONDO ACCOMMODATES TWO ADULTS. YOU MUST REQUEST UNIT #8. https://photos.app.goo.gl/lRquP1F4VtxyZhR42 RENTING DIRECTLY THROUGH http://www.thepearlaruba.com/.
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  4. #14
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    Quote Originally Posted by GuillermoCh View Post
    Hi guys! Is it possible to open an account as a foreign without being property owner yet?
    No. You must be a property owner.
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  5. #15
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    Quote Originally Posted by Mohair View Post
    Unless you have to open an account I would avoid it. We were able to purchase our condo without doing so. We have a property manager who takes care of our local bills.
    You're better off opening the account. This way all the bills will be paid automatically. Much cheaper than a property manager.
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  6. #16
    Junior Member GuillermoCh's Avatar
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    Thanks to all of you for your responses.
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  7. #17
    Senior Member schexc's Avatar
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    Are you buying a home on the island?




    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL AT EAGLE BEACH. CONDO ACCOMMODATES TWO ADULTS. YOU MUST REQUEST UNIT #8. https://photos.app.goo.gl/lRquP1F4VtxyZhR42 RENTING DIRECTLY THROUGH http://www.thepearlaruba.com/.
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  8. #18
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    If you open an account be aware that with ArubaBank there are different fees applied. It is more expensive to maintain a $USD account than a Florin account.
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  9. #19
    Aruba since 1979
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    Andrea J.'s Avatar
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    re: the question of a NON property owner being allowed to have an account in an Aruba bank.

    I have friends that are long term renters on Aruba and they have accounts in Aruba banks.
    Quote Originally Posted by vincep View Post
    No. You must be a property owner.

  10. #20
    Senior Member robin's Avatar
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    We do own in Aruba but do not have a bank account. All our condo fees and utilities are billed together from the condo association and are paid through the management company. The management company also pays our taxes. The only thing we pay for is car insurance and registration using cash.




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