LOCAL ELECTRONIC FUNDS TRANSFER
Funds maybe remitted to the Cayman Islands Government (CIG) via the Automated Clearing House (ACH) Electronic Funds Transfer (Direct Deposit), from any of the following Cayman Islands Automated Clearing House (CIACH) participant Banks:
Cayman National Bank Limited
Butterfield Bank (Cayman) Limited
CIBC FirstCaribbean International Bank (Cayman) Limited
Fidelity Bank (Cayman) Limited
RBC Royal bank (Cayman) Limited
Scotiabank & Trust (Cayman) Limited
ELECTRONIC FUNDS TRANSFER INFORMATION
MINISTRY OF DISTRICT ADMINISTRATION, TOURISM & TRANSPORT (DAT&T)
*Beneficiary ‘Short Name’ CIG TOURISM DAT&T
Address 133 Elgin Avenue, Govt. Admin. Bldg. Grand Cayman
Beneficiary Bank RBC Royal Bank (Cayman) Limited
Beneficiary Account Number KYD 069751126994
USD 069752624450
Beneficiary Account Type Chequeing
Transit Number 06975
Reference e.g. Department/Agency’s name, Fee type, and Invoice number (Tourist Accommodation Licensed Property Name, Period of payment)
*Beneficiary ‘Short Name’ name must be entered online as stated above
ACH ELECTRONIC FUNDS TRANSFER MAXIMUM LIMIT
An individual ACH transaction should not exceed USD 500,000 or the KYD 400,000 equivalent as per CIACH and/or Participant Bank Guidelines for standard ACH transactions. Clients can opt to:
Do multiple transactions less than USD 500,000 or KYD 400,000 equivalent or pay by cheque/draft.
Please contact your Bank to verify that the maximum amount does not supersede any lower daily digital transaction limit, which may have been set by the Participant Bank.
CROSS CURRENCY
Please ensure that the same currency is selected (paying/receiving), alternatively contact your Bank regarding cross currency transactions (e.g. funds sent in KYD but the receiving account is USD a/c and vice versa).
Reminder
Email a copy of executed direct deposit to receiving Department/Agency
INCOMING WIRE INSTRUCTIONS
U.S DOLLARS
Intermediary Bank: J.P. Morgan Chase
Intermediary Bank Address:
1 Chase Manhattan Plaza
New York, N.Y. 10081
U.S.A.
Swift Code: CHASUS33
ABA #: 021 0000 21
Beneficiary Bank: RBC Royal Bank (Cayman) Limited
Beneficiary Bank Address:
24 Shedden Road, Royal Bank House
P.O. Box 245
Grand Cayman KY1-1104
CAYMAN ISLANDS
Swift Code: ROYCKYKY
A/C # 001 1 153 103
Beneficiary: Cayman Islands Government
Name of Account: Ministry of District Administration, Tourism & Transport USD Executive Revenue
Account #: 06975-2624450
PHYSICAL DEPOSITS (CASH & CHEQUE)
Funds may be remitted to the Cayman Islands Government (CIG) at the Royal Bank of Canada and Dropbox at the Government Administration Building (GAB) by a physical deposit of KYD & USD Cash and Cheque. ** Cash should not be placed in the Dropbox at GAB**
KYD & USD Cash
KYD & USD Cheques
KYD & USD Bank Drafts
US Overseas Cheques (Minimum of US$100.00)
US Bank Draft & Money Orders (Minimum of US$100.00)
For CI$ being paid by US$ cheque (divide @.82)
For CI$ being paid by US$ cash (divide @.80)
For US$ being paid by CI$ cheque (multiply @.82)
For US$ being paid by CI$ cash (multiply @.80)