°µÍø½ûÇø

Thanks for the tips dieselcop!

Harmonie.

Where are the answers to this question - Opening a bank account in the Cook Islands?

which documents ase required to open a bank account in the cook island?

lorreta wrote:

which documents ase required to open a bank account in the cook island?

Hi and welcome to °µÍø½ûÇø.

Perhaps you could contact banks in the Cook Islands for the information you are seeking.

There are basicly 3 banks on Cook Islands.
There are also a bunch of off-shore investment fund companies.

The banks.

Getting loans..... I would not like to do that. Interest rates are to say the least.... staggering.
Today 2014-07-13 I notice BCI intersts are:
Home Loan 8,99%
Business loan 8,20%
And the term deposit rate is 4,40%.

Banks are
Bank of Cook Islands
ANZ
Westpac

nice information

Term deposits are in which currency NZD or AUD? Both currencies are bad for forex players right now. Term deposits would not help if accounts are in NZD or AUD

All deposits are in NZ dollars.
Doing business by Forex is always bad anyhow. Forex is good for the tourist traveler that goes to the sun ones a year but it is much less loss to transfer the money between banks directly.