Any input on a safe and reliable bank to use in st thomas? Can you open an account there to start to get started while you are doing all the prep to move? Have many details to take care of and its going to take 6 months to a year to raise all the funds make sure the up and go is not hindered. Thanks. Sue in IL
I'm moving back to STX in 3 weeks after being in the states for 12 years now. I have made the decision not to open a bank account there. Everything I do is either debited from my account monthly or I can write a stateside check or pay something by credit card. My realtor takes my stateside checks for my lease, WAPA takes credit cards now and any money I need I can get out of an ATM machine. I see no reason to open a local STX bank account as all my income is auto deposited into my state account here. For me, it is just too much hassle to change all the automatic payments such as taxes, insurance, etc.
My stateside bank (Citibank) recently started accepting mobile check deposits which has been ridiculously convenient down here. I just photograph the front and back of the check through the app on my phone and it deposits. Every deposit I've made (up to $1,000) has cleared pretty much instantly. And so much faster than depositing anything (stateside or local check) into my Firstbank account.
Merchants Bank is head and shoulders above than the rest. It's the difference between Third World banking and Private Banking in the first world. Real customer service. Best of all, the staff is professional and they know what they're doing. Banking in the Virgin Islands can be an awful experience if you're not prepared for substandard service.