Personal Banking | Bank of the Bahamas Limited (2024)

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Personal Banking | Bank of the Bahamas Limited (2)

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Everyday banking services built around you

At Bank of The Bahamas, we understand that personal banking is not just about the products we offer. It’s about the relationships we build every day. Because each customer is unique, we offer a full range of products and services to help you achieve your financial vision; and every BOB product and each transaction is backed by friendly, knowledgeable service.

Chequing Accounts

With a BOB checking account, you enjoy free access to 13 banking locations and more than 10 ATMs around the country and for even more convenience; you can access your accounts online.

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Saving Accounts

Need extra funds to accomplish your goals? At BOB we understand that sometimes you need a little help to get where you want to go. Whether you want to purchase a new car, fund a child’s education, build your

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Term Deposits

A term deposit is the perfect solution for the person looking to earn a guaranteed fixed rate of interest and flexibility. Our Certificates of Deposits are offered in 1, 3, 6 month and 1 year terms at competitive interest rates. Additionally, a BOB B$ Investment Certificate you can preserve your capital while earning yields at a very attractive interest rate

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B$ Investment Certificate

With a BOB B$ Investment Certificate you can preserve your capital while earning yields at a very attractive interest rate. A BOB B$ Certificate is a smart choice for your short, medium and long-term financial goals or as

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Funds Transfer Services

Need to send funds to another island or another country? BOB offers several transfer options.

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A BOB VISA Prepaid Card is your safe, secure way to pay for goods and services without worrying about carrying cash. Get your VISA prepaid card at any BOB branch and you're good to go wherever you want in the

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Credit Cards

For everything from groceries to a college education, a BOB VISA card in your wallet is cash at your fingertips. Now with EMV Chip Technology it’s the safest way to pay. Don’t take chances carrying cash. Do what millions do and join

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Personal/ Consumer Loans

Dreaming of renovating your home or a buying a new car? BOB is happy to assist with a selection of consumer loans designed to fit your needs. Enjoy affordable lending options with a BOB loan at competitive interest rates and

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Easy Top Ups

With a BOB checking account, you enjoy free access to 13 banking locations and more than 10 ATMs around the country and for even more convenience; you can access your accounts online.

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Debt Consolidation

Suffering under the weight of too many bills? Feel like you are drowning in debt? A BOB debt consolidation will help you to breathe easier.

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Mortgages

Buying a home is the single largest investment most people will ever make. BOB's mortgage experts will help you step by step, offering you the best mortgage plan customized for your individual needs.

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Refinancing

With interest rates at their lowest in years, this could be the ideal time to refinance your mortgage and save on monthly payments. Talk to your loan expert at the Bank of Solutions for the BOB solution to your refinancing.

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Home Equity Loans

You’ve worked hard building those four walls, now it’s time those walls work for you. The equity you built up in your home -- the difference between what you owe on an existing mortgage and the value of the home in today's market -- can be put to good use with through a home equity loan.

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Auto Loans

The car of your dreams can become reality sooner than you think with an approved Auto Loan from BOB.

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Overdraft Facilities

With a BOB overdraft Solution, you won't ever have to worry about not having sufficient funds to cover the expenses you need to cover.

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Online Banking

BOB online banking allows you to conduct nearly every banking transaction you will ever need to conduct from the comfort of home, office, favourite hangout or wherever there is an internet connection or wireless hotspot. We call it getting reacquainted with your lunch hour.

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Mobile Banking

With mobile banking, you can check your account balance, transfer funds, pay a bill, even apply for a loan from wherever you are.

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Bill Pay

Your time is precious! So don't spend it running around town trying to pay those bills. You can pay many of your bills in one place using BOB’s convenient bill payment service. Make payments at your nearest branch or online. It’s quick and easy, leaving you more time to do the important things in life.

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Your time is precious! So don't spend it running around town trying to pay those bills. You can pay many of your bills in one place using BOB’s convenient bill payment service. Make payments at your nearest branch or online. It’s quick and easy, leaving you more time to do the important things in life.

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Calculators

Your time is precious! So don't spend it running around town trying to pay those bills. You can pay many of your bills in one place using BOB’s convenient bill payment service. Make payments at your nearest branch or online. It’s quick and easy, leaving you more time to do the important things in life.

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Personal Banking | Bank of the Bahamas Limited (3)

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Personal Banking | Bank of the Bahamas Limited (13)

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Insights, advice, suggestions, feedback and comments from experts

Bank of The Bahamas (BOB) is a financial institution that offers a range of personal and business banking services. They provide services such as personal banking, business banking, premier banking, and investment options. BOB offers various types of accounts, including chequing accounts, saving accounts, and term deposits. They also provide services like funds transfer, credit cards, loans, debt consolidation, mortgages, refinancing, home equity loans, auto loans, and overdraft facilities. BOB has online banking and mobile banking options for convenient access to banking services. They also offer bill pay services and financial tools like calculators. BOB has a premier banking team and offers a suite of products for premier customers. They also have services for investors and provide corporate governance information, annual reports, and quarterly statements. BOB is committed to providing friendly and knowledgeable customer service [[1]].

Personal Banking

Bank of The Bahamas offers a range of personal banking services to meet the financial needs of individuals. They provide various types of accounts, including chequing accounts, saving accounts, and term deposits [[1]].

Chequing Accounts: BOB offers chequing accounts that provide free access to banking locations and ATMs across the country. Customers can also access their accounts online for added convenience [[1]].

Saving Accounts: BOB offers saving accounts to help individuals save for their financial goals. These accounts provide extra funds to accomplish goals such as purchasing a new car, funding a child's education, or building savings [[1]].

Term Deposits: BOB offers term deposits that allow individuals to earn a guaranteed fixed rate of interest while providing flexibility. These certificates of deposits are available in different terms, such as 1, 3, 6 months, and 1 year, with competitive interest rates [[1]].

Funds Transfer Services: BOB provides various options for transferring funds to other islands or countries [[1]].

Credit Cards: BOB offers credit cards that provide convenient payment options for everyday expenses. Their VISA cards come with EMV Chip Technology for enhanced security [[1]].

Personal/Consumer Loans: BOB offers consumer loans designed to fit the needs of individuals. These loans provide affordable lending options with competitive interest rates [[1]].

Easy Top Ups: BOB's checking account holders can enjoy free access to banking locations and ATMs across the country. They can also access their accounts online for added convenience [[1]].

Debt Consolidation: BOB offers debt consolidation services to help individuals manage their debts more effectively and breathe easier [[1]].

Mortgages: BOB's mortgage experts assist individuals in purchasing a home by offering customized mortgage plans tailored to their needs [[1]].

Refinancing: BOB provides refinancing options for individuals who want to take advantage of low-interest rates and save on monthly mortgage payments [[1]].

Home Equity Loans: BOB offers home equity loans that allow individuals to use the equity built up in their homes for various purposes [[1]].

Auto Loans: BOB provides approved auto loans to help individuals purchase the car of their dreams [[1]].

Overdraft Facilities: BOB offers overdraft facilities to ensure individuals have sufficient funds to cover their expenses [[1]].

Online Banking: BOB's online banking platform allows customers to conduct various banking transactions from the comfort of their homes or anywhere with an internet connection [[1]].

Mobile Banking: BOB's mobile banking service enables customers to check account balances, transfer funds, pay bills, and even apply for loans from their mobile devices [[1]].

Bill Pay: BOB offers a convenient bill payment service that allows customers to pay multiple bills in one place, either at a branch or online [[1]].

Premier Banking

BOB has a premier banking team that provides personalized services and a suite of products for premier customers. Premier banking offers term deposits, accounts, and a prepaid US Dollar Visa card [[1]].

Business Banking

Bank of The Bahamas offers a range of banking services for businesses. They provide corporate chequing accounts, term deposits, online banking, business loans, business lines of credit, business overdraft facilities, corporate credit cards, letters of credit, depository services, payroll services, merchant services, e-commerce solutions, funds transfer services, and bill pay services [[1]].

Investors

BOB provides services for investors, including corporate governance information, annual reports, and quarterly statements [[1]].

This information is based on the search results provided and does not include any personal opinions or experiences.

Personal Banking | Bank of the Bahamas Limited (2024)

FAQs

Who owns Bank of the Bahamas? ›

With 4,000 individual and institutional shareholders and more than 300 employees across the Bahamian archipelago, Bank of The Bahamas is a majority Bahamian owned financial institution built on public trust and confidence.

Can an American open a bank account in The Bahamas? ›

Yes, a non-resident can open an offshore bank account in the Bahamas. Opening offshore bank accounts for foreign non-residents is one of the core functions of international banking sector in the country.

Why do people set up bank accounts in The Bahamas? ›

Many people choose to open an offshore bank account to protect their assets from turmoil in their own countries. Others choose to keep money there to protect their own privacy or to safeguard their money's value from fluctuations in the value of their home country's currency.

What type of bank is Bank of the Bahamas? ›

BOB is a modern, full-service bank with 12 branches in eight islands (Nassau, Grand Bahama, Andros, Bimini, Cat Island, Eleuthera, Inagua and San Salvador) and a long history of firsts in the local Banking Industry.

Who is the Managing Director of Bank of the Bahamas? ›

Bank of The Bahamas Limited is pleased to announce the appointment of Neil T. Strachan as Managing Director of the Bank, effective June 7, 2023. Mr.

What is the most popular Bank in The Bahamas? ›

Royal Bank of Canada, First Caribbean, and Scotia Bank are the leading commercial banking institutions in The Bahamas. All major banks have strong correspondent banking relationships and maintain access to the U.S banking system.

What is the safest bank in the Bahamas? ›

Scotiabank takes the honor as the Best Bank in the Bahamas for a 157% jump in year-on-year (YoY) net profits. Propelled by recovering economic activity and growing digitalization, the bank recorded a 9.3% return on equity.

Is Bahamas a tax haven? ›

The Bahamas is recognized as a tax haven because of its favorable financial environment. This includes the absence of corporate and personal income taxes, no capital gains tax, and a historically strong commitment to banking secrecy. The Bahamas is also known for being politically stable.

What are the bank secrecy laws in the Bahamas? ›

The Bahamas remains committed to strict bank secrecy, outside of a limited suspicious transaction reporting and international cooperation regime. Regulatory procedures for identification of customers and account opening procedures for financial institutions in The Bahamas are limited.

How old is Bank of the Bahamas? ›

The Bank was incorporated in The Commonwealth of The Bahamas on April 17, 1970 as Bank of Montreal (Bahamas & Caribbean) Limited . In 1983, its name was changed to Bank of Montreal Bahamas Limited . In September 1988, the Government of The Bahamas created a joint venture with Euro Canadian Bank Limited.

Does Bank of the Bahamas have online banking? ›

BOB online banking allows you to conduct nearly every banking transaction you will ever need to conduct from the comfort of home, office, favourite hangout or wherever there is an internet connection or wireless hotspot.

Does Bahamas have offshore banking? ›

In the Bahamas, the financial services sector contributes 10-15 percent of GDP and 2 percent of employment. This small footprint is not a bug but a feature of offshore finance. After all, the whole point of offshore, what makes it preferable to onshore, is that you do not pay taxes and have minimal local commitments.

Is the Central Bank of the Bahamas independent? ›

The Central Bank of The Bahamas was established on 1st June 1974, to carry out the independent monetary policy and financial sector supervisory functions entrusted upon The Bahamas after political independence from Great Britain in 1973.

What is the revenue of the Bank of the Bahamas? ›

In Fiscal 2023, Bank of The Bahamas continued to navigate the evolving economic landscape and generated a net income of $11.4 million, signifying our commitment to maintain a strong financial position.

Who is in charge of the Central Bank of the Bahamas? ›

Governor John A Rolle

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