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Banking Compliance Checklist in Saint Helena: What You Need to Know

As you prepare for your trip to Saint Helena, Ascension and Tristan da Cunha, it’s essential to understand the banking compliance requirements in these British Overseas Territories. Here’s a comprehensive checklist to help you navigate the financial landscape.

Terrorism Threat

While there is no recent history of terrorism on the islands, attacks cannot be ruled out. Stay vigilant and aware of your surroundings at all times. For more information on staying safe abroad, visit the UK Counter Terrorism Policing website.

Crime Levels

Crime levels are generally low in Saint Helena, Ascension and Tristan da Cunha, but it’s still essential to take necessary precautions.

Laws and Cultural Differences

The islands have their own laws and cultural practices. Familiarize yourself with local customs and respect the rules to avoid any issues.

Money Matters

St Helena

  • Credit and debit cards are not widely accepted on St Helena, but some businesses accept them.
  • You can use British pounds in cash, although change will be given in St Helena pounds.
  • The Bank of St Helena offers foreign currency exchange and advances cash on credit or debit cards. There are no ATMs on the island.

Ascension

  • Credit and debit cards are not widely accepted either, but some shops accept them.
  • You can use British pounds in cash, although change will be given in St Helena pounds.
  • The Bank of St Helena provides banking services on Ascension, offering foreign currency exchange and advances cash on credit or debit cards. There are no ATMs on the island.

Tristan da Cunha

  • Credit and debit cards are not accepted on Tristan da Cunha.
  • You can exchange money at a local bank, but supply is not guaranteed.
  • British pounds, euros, US dollars and South African rand are all accepted in cash.

Restricted Areas

Ascension

  • Certain areas of the island are off-limits to visitors. You will be given a list of restricted areas upon arrival.
  • If you’re unsure, consult with local authorities or the Ascension Island government.

Tristan da Cunha

  • You must have a guide when hiking up to the Base or Queen Mary’s Peak.
  • Guides are also required for travel to areas away from the main settlement.
  • Camping is illegal on the island.

Transport Risks

If you plan to drive on Saint Helena, Ascension or Tristan da Cunha, be aware of the local driving rules and regulations.

St Helena

  • You can use a UK photocard driving licence for 3 months before needing a local licence from the Post Office in Jamestown.

Ascension

  • You can also use a UK photocard driving licence for 3 months before needing a local licence from the local Post Office.

Getting to the Islands

St Helena

  • Airlink provides weekly flights between St Helena and Johannesburg, while Ascension has a monthly charter flight from South Africa with stops on St Helena.

Tristan da Cunha

  • You can only reach Tristan da Cunha by boat, which takes up to a week in good weather.

Extreme Weather and Natural Disasters

Ascension

  • The island is dormant volcanically, but volcanic eruptions cannot be ruled out.

Tristan da Cunha

  • The island has not had an eruption since 1961, but volcanic activity remains a risk.

By understanding these banking compliance requirements and local regulations, you’ll be better equipped to navigate your trip to Saint Helena, Ascension and Tristan da Cunha.