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U.S. Virgin Islands Banking & Taxes

      A WorldWeb.com Travel Guide to Banking & Taxes in U.S. Virgin Islands, Caribbean.
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Currency and Banking in The US Virgin Islands
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CURRENCY

The local currency is the United States dollar (USD), which is broken down into 100 cents. Coins come in 1, 5, 10, 25, 50 and $1 pieces, while notes are issued in 5, 10, 20, 50 and 100 dollar denominations.

TAX

There's no sales tax in the USVirgin Islands. Hhotels add 8% room tax, and some hotels also add a basic energy service charge. In addition, The St. John Accommodations Council has begun to request that vacationers offer $1 per day to help fund school and community development, but this is voluntary. For current exchange rate, see the see the currency converter under the Trip Planning section on the Caribbean home page.

TIPPING

Some hotels add an additional 10% to 15% service charge, making the additional tip optional. For those that don't, staff like porters and bellmen generally recieve $1 per bag, maids $1 or $2 per day. Special requests generally require a tip. 10% to 15% tip is customary in restaurants, although some add a service charge to the bill, making the additional tip optional. Taxi drivers have come to expect 15%.

TRAVELLER'S CHEQUES

Traveler's cheques are accepted throughout the country.

CREDIT CARDS

Most major credit cards are accepted everywhere.

BANKING HOURS AND AUTOMATED TELLERS

Banks hours are Monday through Thursday from 9:00am to 3:00pm and Friday 9:00am to 5:00pm. A few banks are open Saturday 9:00am to 12:00pm. There are a few ATMs, and only at banks.


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