🏦 Banks
How banks and credit unions work in The Bahamas, what protects your money (the Deposit Insurance Corporation) and how to choose where to keep your account without paying too much in fees.
What is the Deposit Insurance Corporation and what does it protect?
The DIC protects your Bahamian-dollar money in a domestic bank if it fails — up to $50,000 per depositor, per bank. How it works, what is covered, and what is not.
Read the article →Commercial bank or credit union: which should you choose?
Commercial banks have the widest product range and branch network; credit unions are member-owned and often cheaper for everyday saving and small loans. How to weigh the two in The Bahamas.
Read the article →How to choose your first bank account in The Bahamas
Your everyday account is the hub of your money. How to compare fees, the debit card or debit card, the app, minimum balances and online banking — and avoid the costs that slip past.
Read the article →Credit reports and credit checks in The Bahamas: how lenders assess you
When you apply for a loan, credit card or hire purchase, a credit check is done. How the credit bureau works under the Credit Reporting Act 2018, what stays on your file, and how to see your own report.
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