Foreign Currencies

Our foreign currency exchange services allow you to do business in most countries. We are ready to serve you with the buying and selling of the foreign currencies.

Benefits

  • Transact with trade partners
  • Shop around a country
  • Do business in any country
  • Good to know
  • What you need to apply
  • Account holder assistance and service
We can buy and sell several of the foreign currencies listed on the official foreign exchange listing of the Central Bank of Aruba.

Taxes
The purchase of foreign exchange is subject to a government tax of 1.3%. This tax also applies to transfers from resident accounts to non-resident accounts, even when it concerns Aruban Florin accounts of non-residents.

About foreign exchange tax
Pursuant to the State Ordinance on foreign exchange tax, a 1.3% tax is levied on payments made by residents to non-residents. Certain groups of companies (mainly government-related) are exempted, by virtue of the State Decrees on foreign exchange commission exemption of September 1995, July 1998 and October 2001. Additionally, based on article 12 of the State Ordinance on the free zone of July 2000, the companies concerned may request an exemption to the extent that their payments for goods and services are linked to re-exports. Offshore companies and Aruba Exempt Corporations are considered non-resident for the purpose of foreign exchange control, and are, therefore, completely exempted.

Volume
The volume of incoming as well as outgoing foreign exchange transactions is also subject to a preset limit (see further below). Any deviation requires a separate permit from the Central Bank of Aruba which has to be requested in advance and submitted to us in order to execute your transaction.

About foreign exchange control
Pursuant to the State Ordinance on foreign exchange transactions, the bank is responsible for the implementation of the regulations concerning foreign exchange transactions for account and risk of the government. These regulations are used to monitor and regulate the in- and outflows of foreign currencies. Payments to and receipts from non-residents may be made in any convertible currency. For purposes of the compilation of the balance of payments, all payments made by residents to non-residents and receipts from non-residents via the local commercial banks and authorized foreign bank accounts should be reported to the bank.
There is a maximum limit per calendar year to the amount that residents can send and/or receive without a permit: AWG 300,000 for individuals, and AWG 750,000 for commercial entities.
Transactions between residents and non-residents should be reported before posting, as a permit might be required (depending on the reason for the transaction).
Just an operating account with Aruba Bank.
Corporate Customer Services
Account and service information just a phone call away - just call:
During business hours (8:00am to 4:30pm AST):
Aruba Bank Call Center: (+297) 527-7700

For questions regarding these services, please call:
Aruba Bank Corporate Customer Services: (+297) 527-7774

Useful Tips

Get our Aruba Bank App® and check your balance or make transfers on-the-go. 
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Do you have questions?

Call our Contact Center during office hours and extended hours at (+297)527 7777
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