Bahamas Bank Account

The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP.

The Bahamian Dollar is the official currency in Bahamas.

1 Bahamian Dollar (BSD, symbol B$) = 100 cents

Notes are in denominations of 50 cents and Bd $1, 3, 5, 10, 20, 50 and 100. 

Coins are in denominations of 1, 5, 10, 15 and 25 cents.

The United States Dollar is accepted as legal tender and has parity with the Bahamian Dollar. 

The Bahamian Dollar is tied to the United States Dollar. 

Currency exchange 

Currency exchange is available in banks and at exchange bureaux and hotels. ATM's are available on the main islands in airport terminals, at banks and casinos and at other convenient locations.

Credit & debit cards

Diners Club, American Express, MasterCard and Visa are widely accepted. Please check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques 

To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in United States Dollars.