Banking Services Fees
The categories of fees payable by banking services providers are set out in sections 5 through 8 of the Banks and Trust Companies (Licence Applications and Fees) Regulations (2011 Revision). These regulations should be read in conjunction with the Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2009, which list amended fees payable as of 1 January 2010.
Annual fees are payable by 15 January each year.
Click here for the current Fee Schedule for banking entities and for all other CIMA-regulated entities.
Note: All fees quoted are in Cayman Islands Dollars (CI$). The conversion rate to be used for payment in United States Dollars (US$) is 0.82 (US$1.00 = CI$ 0.82).
Payment may be made by cheques and drafts drawn on local commercial banks, wire transfers, or International Money Orders (IMOs)/drafts and cheques drawn on US banks. (There is a 15-day processing period for all payments drawn on US Banks).
Cheques should be made payable to the Cayman Islands Government and remitted to:
The Cayman Islands Monetary Authority
PO Box 10052
80e Shedden Road
Grand Cayman KY1-1001