BAC International Bank (Grand Cayman)

BAC International Bank (Grand Cayman) is a subsidiary of BAC Credomatic Group founded in 1952. BAC International Bank (Grand Cayman) offers selected retail banking products to individuals and companies: savings accounts and time deposit accounts.

BAC International Bank (Grand Cayman) has Category B banking license number 81006 issued by the Cayman Islands Monetary Authority. This type of license allows BAC International Bank (Grand Cayman) to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.

Bank Category

Category B (Banking & Trust)

There is no deposit guarantee scheme in the Cayman Islands: in the case of BAC International Bank (Grand Cayman) failure its depositors will not get any compensation.

Contacts

Caledonian House, 69 Dr. Roy Drive, KY1-1107, Grand Cayman, Cayman Islands
694

Deposit Guarantee

Deposit Guarantee
No

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

There is no deposit guarantee scheme in the Cayman Islands.

In the case of BAC International Bank (Grand Cayman) failure its depositors will not be paid out any compensation.