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.