How can I get paid from abroad in Port of Spain?

A global payment account gives you account details in currencies such as USD, EUR or GBP, so clients and marketplaces can pay you locally in their country. You then convert to TTD and withdraw.

What does it cost to convert to TTD?

Costs are the conversion margin plus any withdrawal fee to your local bank in Trinidad and Tobago. Compare both, as they vary a lot between providers.

Who regulates international bank accounts & e-wallets in Port of Spain?

Providers serving customers in Trinidad and Tobago fall under Central Bank of Trinidad and Tobago (CBTT). Banks must be licensed by the Central Bank of Trinidad and Tobago under the Financial Institutions Act, and non-bank payment service providers and e-money issuers are registered and supervised by the CBTT under the payment systems framework. Confirm the licence on the Bank's published registers before holding funds with a provider.

Who uses global payment accounts in Port of Spain?

Freelancers, remote workers, online sellers and small exporters in Port of Spain use them to receive foreign income without opening bank accounts abroad.

Port of Spain Digital Bank · International Bank Accounts & e-Wallets · Trinidad and Tobago

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Eligibility, pricing, and availability vary by provider, residency, and regulation in Trinidad and Tobago. Confirm the terms directly with each provider before opening an account.

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Check the regulator and any provider directly to confirm availability in Trinidad and Tobago before opening an account.

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Local guide

International Bank Accounts & e-Wallets in Port of Spain: what to know

Global payment accounts help people in Port of Spain, Trinidad and Tobago get paid by clients, marketplaces and platforms in other countries, then convert the money into TTD (Trinidad and Tobago dollar (the local dollar is not freely floating against the US dollar; USD access is intermediated by the banks and the Central Bank)). They are popular with freelancers, online sellers and remote workers in Port of Spain.

Currency in Trinidad and Tobago: TTD · Trinidad and Tobago dollar (the local dollar is not freely floating against the US dollar; USD access is intermediated by the banks and the Central Bank)
Regulator in Trinidad and Tobago: Central Bank of Trinidad and Tobago (CBTT)(opens in a new tab)
Local accounts in Trinidad and Tobago: Trinidad and Tobago stays outside the IBAN scheme: local accounts are identified by the bank plus its own account number, and wires out of the twin-island republic quote the bank's BIC and the beneficiary details.
Payments in Trinidad and Tobago: The Central Bank operates the real-time gross settlement system for large-value payments, and retail interbank transfers clear through the domestic automated clearing arrangements, with the major banks (Republic Bank, Scotiabank, RBC, CIBC FirstCaribbean and NCB) offering mobile apps for everyday account-to-account transfers; card spending rides Visa/Mastercard rails and point-of-sale acceptance is broad in urban areas. Because US dollars cannot be freely obtained at a floating rate, USD pricing and remittance corridors are shaped by the banks and the CBTT's foreign-exchange allocations.

Before you sign up in Port of Spain

Check which currencies you can receive, the conversion fee to TTD (Trinidad and Tobago dollar (the local dollar is not freely floating against the US dollar; USD access is intermediated by the banks and the Central Bank)), and the withdrawal fee to a local account in Trinidad and Tobago.

Sources: Central Bank of Trinidad and Tobago · CBTT: national payment systems · IBAN registry: Trinidad and Tobago (no IBAN entry)

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Frequently Asked Questions

Common questions about international bank accounts & e-wallets in Port of Spain

Disclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.