Banking
To conduct financial transactions whether as an individual or company, there is the prerequisite need to have a bank account. However, it has to be said that there is a significant cash-based economy on the islands.
There are several banks in Cape Verde that include:
Banco Cabo-Verdiano de Negocios.
Banco BAI Carbo Verde.
Banco Inter-Atlantico.
Banco Comercial do Atlantico.
Caixa Economca de Cabo Verde.
Ecobank.
The preferred business bank that Red Planet uses is Banco Cabo-Verdiano de Negócios (Cape Verdean Business Bank), more commonly known in its abbreviated form locally as BCN.
It is a highly professional bank and meticulous in its administrative details when processing transfers. All banking regulations including anti-money laundering and Know Your Customer regulations are adhered to.
The staff members of the Santa Maria branch are friendly, polite and helpful.