Opening a bank account in the Cook Islands

53176POSTS

14 years ago

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)聽 ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

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Harmonie ViP

19273POSTS

14 years ago

Thanks for the tips dieselcop!

Harmonie.

dlschulz Member

1POSTS

12 years ago

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

lorreta Member

1POSTS

11 years ago

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

stumpy Laos Expert

18028POSTS

11 years ago

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

Hi and welcome to 大咖福利影院.

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

magnus Contributor

112POSTS

11 years ago

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 Guest

0POSTS

11 years ago

nice information

Tikkakhan Guest

0POSTS

11 years ago

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

magnus Contributor

112POSTS

11 years ago

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.