Banking Services and Options

Expats will find that Channel Islands have many branches of banks which are available worldwide such as Lloyds and Barclays along with many other local and international banks.

Only a few banks in the Channel Islands are set up for foreign exchange deals and expats will need to do their research before joining one of the banks. The popular banks are Lloyds, Barclays, Royal bank of Scotland and Midland banks which have around four branches in Jersey and Guernsey. These British banks are the best options for personal banking on the islands.

The banks in Channel Islands have made it an international financial centre with head offices in the UK and Switzerland. These all provide more or less the same services such as mortgages, personal loans, savings accounts and debit/credit cards.

ATM’s are found located at branches in Jersey and Guernsey but may be harder to find on the smaller islands.

Currency in Channel Islands

The official currency is the Channel Islands is the pound sterling divided into 100 pence. However, the bailiwicks of Jersey and Guernsey produce their own notes and coins which cannot be used outside the islands.

  • Coins: 1, 2, 5, 10, 20 and 50 pence, and 1 GGP/JEP
  • Notes: 1, 5, 10, 20 and 50 GGP/JEP