On the campus of Ross University is a branch of the National Bank of Dominica (NBD). They have two ATM’s on campus. Online banking is available at your request. Banking hours are usually 9-4, but can fluctuate. Open M-F only. Phone 767-255-2394.
The unit of currency used in Dominica is the Eastern Caribbean Dollar (abbreviated EC, ECD, or XCD). One US Dollar = 2.67 EC . For quick currency converting click here.
- ***If you are a student/faculty spouse and want your name on a joint checking account you must present your marriage certificate to the bank.
- You can have money wired from the US to Dominica. See the NBD guidelines here. There is also a Western Union at Whitchurch IGA in Picard.
- Most American bank accounts can be accessed with your US bank debit card through the Ross NBD ATM. Make sure your US ATM card has one of the following logos on the back -Visa, Mastercard, Plus or Cirrus. Five dollar ECD (1.86 USD) fee applies from the NBD when you access your foreign bank account through the NBD ATM (except Mastercard which is free) and then your home bank may also charge it’s own fees.
- You can exchange US currency for ECD at the NBD and vice versa. If you will be arriving to Dominica on a weekend, it’s not a bad idea to go to your US bank before you leave and exchange some USD to ECD so you don’t get stuck without local currency.
- There is a maximum daily amount that can be withdrawn from your NBD account/ATM card. Plan accordingly.
- If you use your NBD debit card at an establishment that is using a swipe machine that is not NBD’s there is a one EC charge (.27 cents US) that appears on your bank statement. So your receipt from a business may read 20 EC but on your bank statement it will appear as 21 EC.
- Many landlords affiliated with Ross allow you to pay the NBD directly with a debit/credit card for your rent payments. Check into it. It will make things a lot easier for you.
- The ATM’s on campus run out of money if there is a big event on campus where students will be spending money-ie. fourth/fifth semester students sale, Arts/Crafts Fair etc. Go to the ATM early.
Updated May 2015