Money & Banking

Students should arrive on the island with enough funding to cover living and personal expenses. These include books and other expenses such as food, cabs, etc. We recommend a budget of about US$2,000-US$5,000 per student.

The safest way to get money into a bank account is with traveler’s checks, ATM cards, or credit/debit cards. A debit card that functions as a VISA card or a MasterCard is an excellent way to transfer money from an account in the U.S. to your account in Antigua. A bank account with a debit card is recommended for family members at home to use to deposit money for quick student access.

Wired money takes a few days and the fees are usually high. Personal checks can be deposited into your account but will not be available until the checks have cleared. This takes about three weeks.

Students must present a passport and a matriculation letter from the school in order to open a bank account.

Official Currency

The official currency used in Antigua is the EC (East Caribbean Dollar), though most merchants accept USD$. Use the below currency converter to get a rate indication.

Popular Banks in Antigua

FirstCaribbean Int’l
Old Parham Rd Cassada Gardens
(268) 480-5000

Bank of Nova Scotia
High Street
P.O. Box 342 St. John’s
(268) 480-1500

Royal Bank of Canada
High Street St. John’s
(268) 480-1150

Eastern Caribbean Amalgamated Bank
1000 Airport Blvd. Coolidge
P.O. Box 315 St. John’s
(268) 480-5300

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