The simple answer to this question is YES!
Yes you can and should open and maintain a USD bank account in Barbados if you earn or have access to USD$ currency.
Top 5 reasons why you should open a USD bank account in Barbados:-
- If you have a USD bank account you can easily open a USD credit card and you will not be charged the Foreign Exchange 2% fee on online purchases.
- If you need to do an international wire transfer you can use your USD bank account and not have to seek permission from the Central Bank of Barbados
- If you need to move USD money overseas that you earned in Barbados you can do so without seeking the approval of Central Bank of Barbados.
- USD funds on your accounts allow you to earn international returns.
- If you are a business owner you can benefit from having a USD account as you can now negotiate in USD$ and not be restricted to only BDS$.
If you need help opening a USD account in Barbados message me here on LinkedIn.
If you have any questions please do not hesitate to contact us at support@afbconsultingservices.com