If you are dissatisfied about the manner in which the Authority or its licensees has carried out their functions, see our Complaints Procedure.
To help consumers make informed decisions during their banking transaction activities, the Cayman Islands Monetary Authority ("CIMA") has developed a summary list of common retail bank fees, some of which include cheque cashing, cheque deposits, cash withdrawals and deposits for account and non-account holders. This list is updated each quarter and does not include all retail banking fees.
Although retail banks (Category ‘A’ banks) are currently registered and licensed by CIMA, CIMA does not have the authority to control banking fees as such charges are commercially driven.
Middle Age Adults
Losing your home is the last thing any homeowner wants to think about. However, by understanding the foreclosure process and what often leads to it, you can better position yourself to deal with potential problems that could impact your ability to service your mortgage and place your most valued asset at risk.
Foreclosure is a legal process that creditors use to satisfy your financial obligations to them. Not paying a debt, like a mortgage or second mortgage, can trigger a foreclosure. CIMA advises all individuals with a residential mortgage to take heed of the following:
Every year, we witness the impact and destruction of natural disasters around the world, such as hurricanes, earthquakes, tsunamis and storm surges. Here in the Cayman Islands, we have experienced our own share of natural disasters. While these events are difficult to predict, it is not difficult to prepare and offset financial losses before they occur.
With hurricane season approaching, property and motor vehicles owners should be mindful of the following: