For online payments:
Before submitting payments via Electronic Funds Transfer, all supporting documentation must be emailed to: ar@caymanislands.ky. Once supporting documentation for your Tourism Accommodation License has been submitted, checked, and verified, persons will receive a notification from the Accounts Receivable team. Payment to the bank should not be made prior to receiving this notification
(*Please note that this is not applicable to Tourism Accommodation Taxes or Timeshare Taxes). This procedure is to ensure that payment can be readily identified and applied to the correct account. When completing the Electronic Funds Transfer, tourism partners are asked to clearly indicate which property/application the payment is for.
LOCAL ELECTRONIC FUNDS TRANSFER
Funds maybe remitted to the Cayman Islands Government (CIG) via the Automated Clearing House (ACH) Electronic Funds Transfer (Direct Deposit), from any of the following Cayman Islands Automated Clearing House (CIACH) participant Banks:
Cayman National Bank Limited
Butterfield Bank (Cayman) Limited
CIBC First Caribbean International Bank (Cayman) Limited
Fidelity Bank (Cayman) Limited
RBC Royal bank (Cayman) Limited
Scotiabank & Trust (Cayman) Limited
ELECTRONIC FUNDS TRANSFER INFORMATION
MINISTRY OF DISTRICT ADMINISTRATION, TOURISM & TRANSPORT (DAT&T)
| *Beneficiary ‘Short Name’ |
CIG TOURISM DAT&T |
| Address |
133 Elgin Avenue, Govt. Admin. Bldg. Grand Cayman |
| Beneficiary Bank |
RBC Royal Bank (Cayman) Limited |
| Beneficiary Account Number |
KYD 06975 1126994
USD 06975 2624450 |
| Beneficiary Account Type |
Chequeing |
| Transit Number |
06975 |
| Reference |
e.g. Tourist Accommodation Licensed Property Name, Period of payment |
*Beneficiary ‘Short Name’ name must be entered online as stated above
ACH ELECTRONIC FUNDS TRANSFER MAXIMUM LIMIT
An individual ACH transaction should not exceed USD 500, 000 or the KYD 400, 000 equivalent as per CIACH and/or Participant Bank Guidelines for standard ACH transactions. Clients can opt to:
Do multiple transactions less than USD 500, 000 or KYD 400, 000 equivalent or pay by cheque/draft.
Please contact your Bank to verify that the maximum amount does not supersede any lower daily digital transaction limit, which may have been set by the Participant Bank.
CROSS CURRENCY
Please ensure that the same currency is selected (paying/receiving), alternatively contact your Bank regarding cross currency transactions (e.g. funds sent in KYD but the receiving account is USD a/c and vice versa).
Reminder
Email a copy of executed direct deposit to
ar@caymanislands.ky
INCOMING WIRE INSTRUCTIONS
U.S DOLLARS
Intermediary Bank: J.P. Morgan Chase
Intermediary Bank Address:
1 Chase Manhattan Plaza
New York, N.Y. 10081
U.S.A.
Swift Code: CHASUS33
ABA #: 021 0000 21
Beneficiary Bank: RBC Royal Bank (Cayman) Limited
Beneficiary Bank Address:
24 Shedden Road, Royal Bank House
P.O. Box 245
Grand Cayman KY1-1104
CAYMAN ISLANDS
Swift Code: ROYCKYKY
A/C # 001 1 153 103
Beneficiary: Cayman Islands Government
Name of Account: Ministry of District Administration, Tourism & Transport USD Executive Revenue
Account #: 06975-2624450
For physical payments:
PHYSICAL DEPOSITS (CASH & CHEQUE)
Funds may be remitted to the Cayman Islands Government (CIG) at the Royal Bank of Canada and Dropbox at the Government Administration Building (GAB) by a physical deposit of KYD & USD Cash and Cheque.
** Cash should not be placed in the Dropbox at GAB**
The drop-box is now located under the security tent outside of the Government Administration Building. The department will not be accepting cash through the drop-box until further notice.
KYD & USD Cash
KYD & USD Cheques
KYD & USD Bank Drafts
US Overseas Cheques (Minimum of US$100.00)
US Bank Draft & Money Orders (Minimum of US$100.00)
For CI$ being paid by US$ cheque (divide @.82)
For CI$ being paid by US$ cash (divide @.80)
For US$ being paid by CI$ cheque (multiply @.82)
For US$ being paid by CI$ cash (multiply @.80)