Banks

Find out more information about banking related issues, including types of bank accounts, how to go about opening, switching and closing accounts, how to check if your bank is regulated, as well as the local deposit compensation scheme.

Basics

Banks operating in Guernsey must be licensed by the Commission and are supervised by the Commission on an ongoing basis.

Bank Accounts

When you open a bank account, you will have a variety of account types to choose from, each offering different things...

Mortgages and Loans

If you are taking out a loan, know exactly how much it will cost you to do so and the consequences...

Foreign Currency

There are many providers that allow you to buy and sell foreign currency electronically, on currency cards, and in the form of cash.

Interest Rate Hedging Products (IRHPs)

These are financial products which are designed to enable customers to manage fluctuations in interest rates.

Guernsey Banking Deposit Compensation Scheme

A deposit compensation scheme has been in force in Guernsey since 26 November 2008...

Bogus Banks and other Financial Institutions

A list of bogus entities that have been brought to the Commission's attention.

Ring-fencing

Ring-fencing has been brought about by changes in UK law following the global economic crisis.