The local currency is the Eastern Caribbean Dollar but the US Dollar is accepted over the counter. The rate is fixed to the US dollar at an exchange rate of US$1.00 = EC$2.6882. Pound Sterling can be changed at the banks.
£ (Pound Sterling) and $ (USD) may be changed at all banks on the island, or at hotels and some larger stores.
American Express, Diners Club, MasterCard and Visa are accepted in many places.
Readily accepted are $ (USD) and £ (Pound Sterling) cheques – € (Euro) cheques are not widely accepted.
Electronic Funds Transfers
These can be easily organised from and to any bank.
There are 4 banks in Montserrat and they are:
Bank of Montserrat Ltd
Address: Bank of Montserrat Ltd, P.O Box 10, Brades, Montserrat
Tel: 1 (664) 491-3843
Fax: 1 (664) 491-3163
St Patrick’s Cooperative Credit Union Ltd
Address: St Patrick’s Cooperative Credit Union Ltd,P.O Box 337, Brades, Montserrat
Tel: 1 (664) 491-3666
Fax: 1 (664) 491-6566
Royal Bank of Canada
Address: Royal Bank of Canada,P.O Box 101, Brades, MSR1110, Montserrat
Tel: 1 (664) 491-2426/28
Fax: 1 (664) 491-3991
Montserrat Building Society Ltd
Address: Montserrat Building Society Ltd,P.O Box 101, Brades, MSR1110, Montserrat
Tel: 1 (664) 491-2391
Fax: 1 (664) 491-6127
Bank Opening Times
Opening times vary by bank, but most are open:
- Monday to Thursday – 8am to 2pm (some banks differ)
- Friday – 8am to 3pm
There are only two cash machines on the island, but only one bank accepts international cards.
If you want to withdraw cash via a cash machine you should visit the Royal Bank of Canada in Brades.
Bank of Montserrat Ltd also has a cash machine, but you must have a card account with them.
More Useful Information About Montserrat
For more useful information about Montserrat, please click HERE.