What is the unit of currency? What about banking services?
The Marshall Islands use the US dollar. The stores on Kwaj accept cash, credit cards, and checks. The Community Bank, a division of Bank of America, recently replaced The Bank of Guam as the provider of Kwajalein’s banking services. In addition to providing faster credit card transactions, The Community Bank has installed ATMs in their branch, Ten-Ten (the convenience and liquor store) and the Kwaj Lodge (the small hotel). You can reach the branch at 805-355-2177. The stores allow you to write checks up to $50 over the purchase amount, though Macy’s will cash checks up to $250. This is how I get my cash. As most people, I still have my savings and checking accounts with a bank in the states, with paychecks electronically deposited into my checking account. When I have a check written out to me, I send it in the mail to my bank with a deposit slip. The best thing about being here is how much money you can actually save. We pay no state or federal tax. Ching!
