Banking

Banks in the Cook Islands are able to cater for the international and domestic needs of clients who wish to access retail, commercial and private banking services. Online banking as well as debit and credit card services are available. 

Banks in the Cook Islands are established pursuant to the Banking Act 2011 and are licensed and regulated by the Cook Islands Financial Supervisory Commission.

The Cook Islands financial services industry is best known internationally for its innovative laws and expertise in administering and managing structures designed to protect wealth and provide for its seamless transition to future generations. In particular, the Cook Islands was a pioneer in asset protection trust law and remains a leader in that field.

The Cook Islands may not, however, be as well-known for the banking services it offers and in particular private banking to meet the needs of individuals seeking to enhance their wealth management plans. Those services are however available in the Cook Islands through Capital Security Bank (CSB).

CSB is the only full service private bank operating exclusively within the Cook Islands. It has been a member of the Cook Islands financial services industry since 1997.

As would be expected from a full service private bank, CSB offers cash, trading, managed investments and precious metal accounts. It can also provide a prepaid debit card for clients to access funds.