Banking and Currency
The Bahamian Dollar (BD) is the currency used in The Bahamas. It is easily distinguishable from the United States Dollar (USD) because of the array in colour used on different value notes. The BD's street value is held on par with the USD. This means both currencies are widely accepted throughout The Bahamas, and can be used interchangeably. Banks, however, utilise exchange rates to buy and sell United Sates Dollars (USD) and other currencies against the Bahamian Dollar (B$). Banks are the main institutions used for currency exchange. However, on the street, USD is freely exchanged.
Domestic Retail Banking
Domestic Retail Banking is available on most Islands of The Bahamas, including currency conversion, travellers cheques, credit card or debit card facilities, and ATM cash. However, your choice of banks are limited in the Family Islands, and only the larger or more established businesses offer credit and debit card facilities. There are both Bahamian banks and international banks that carry domestic retail banking services. Royal Bank of Canada, CIBC First Caribbean Bank, Commonwealth Bank, Fidelity Bank, Bank of The Bahamas and Scotiabank are the major commercial banks found in The Bahamas.
Hours of operation for banks are Monday through Thursday, 9:30 a.m. to 3:00 p.m., and Friday from 9:30 a.m. to 4:30 p.m. All banks are closed on Saturdays and Sundays with the exception of Commonwealth Bank, Bank of the Bahamas and Scotiabank, which have limited weekend hours.
Automated Teller Machines
Automated Teller Machines (ATMs) can be found at all commercial banks and casinos and at gas stations in Nassau. On Grand Bahama, they can be found at major banks, the casino and Port Lucaya. On the other Family Islands, ATMs are mainly located at banks. Most are equipped with +PLUS and Cirrus ATM systems. They are available 24 hours a day.
