The banks on the island are:

• RBTT (formerly Grenada Bank of Commerce)
• National Commercial Bank
• Scotia Bank
• Grenada Cooperative Bank
• Barclay's Bank

There is an RBTT branch and ATM machine on campus. All banks have ATM machines that allow you to withdraw money from your home accounts for a fee (you will probably also be charged a fee by your home bank).

It may be helpful to open a local bank account while you are on the island. Financial Aid checks come to you on the first day of classes. This money could be hard to send back home to put into a US account. Opening a local account will simplify transferring money and loan checks. When you leave Grenada to go to St. Vincent, simply ask for a money order from your local bank in a $dollar amount of your account balance. There is a small fee for this, but it is an easy way to transfer money from an island account to a US account. Using an ATM machine to withdraw money from a local account also prevents being charged for ATM withdrawals.

Grenadian money is in Eastern Caribbean dollars. The exchange rate is approximately 2.67. For instance, $100 US dollars equals $267 EC because 100 x 2.67 = 267.

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