ACB Grenada Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
ACB Grenada Bank suits people in Grenada who want a plain Visa debit card for everyday spending and borrowing from the same bank, with personal, secured, student and car loans and free early repayment. It is a young bank, founded in 2021, so check the licence terms before you commit.
Key facts
- Best for
- Everyday spending and straightforward lending in Grenada from one bank.
- Monthly fee
- EC$0↗
- Currency conversion fee
- 1%↗
- Free ATM withdrawals
- EC$0↗
- Card type
- Debit↗
- Card network
- Visa↗
- Currencies
- 2↗
- Legal entity
- ACB Grenada Bank Ltd↗
- Headquarters
- Grenada↗
- Founded
- 2021↗
- Support channels
- Email, Phone, Help-centre↗
- Features
- Travel
- Audience
- Business
- Official website
- gd.acbonline.com
Loans
Credit cards
- Card kind
- Credit↗
Mortgages
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInyoutube.com
Pros and cons
Pros
- The Visa debit card carries a monthly fee of XCD 0, so holding it for everyday spending costs nothing.
- Mortgages for purchase come with a product fee of XCD 0 and a maximum loan to value of 100%.
- The bank is a direct lender across student, personal and secured loans, and early repayment is free.
- Support runs on email, phone and help centre, so you can reach the bank by email, phone or the help centre.
Cons
- The free ATM allowance is XCD 0, so cash withdrawals carry a charge.
- Currency conversion costs 1% and the account lists 2 currencies.
- The banking licence listed is granted to Antigua Commercial Bank Ltd in Antigua and Barbuda, while the account runs under ACB Grenada Bank Ltd.
Who it suits
- People in Grenada who want a Visa debit card for everyday spending with a monthly fee of XCD 0.
- Homeowners buying with a mortgage, since the product fee is XCD 0 and the maximum loan to value is 100%.
Who should look elsewhere
- Wise, for anyone who converts currency often and would rather not carry the 1% conversion fee.
- Varo Believe Secured Credit Card, whose credit card suits people who want borrowing on the card rather than a debit one.
Rates and card terms
Borrowing is priced at 9% on a fixed basis, with a term of 120. Because the rate is fixed rather than variable, the payment holds steady across the life of the loan, so a later rise in the bank's pricing will not change the instalment. Match the term to a period you can carry the balance comfortably.
The company behind it
The account runs under ACB Grenada Bank Ltd, based in Grenada and founded in 2021. Help runs on email, phone and help centre. The banking licence on file is a licence to carry on banking business in Antigua and Barbuda, granted to Antigua Commercial Bank Ltd, so read the licence before you open an account.
How ACB Grenada Bank compares
8.6 vs 9.4
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Where ACB Grenada Bank is available
- Available
- Antigua and Barbuda, Grenada
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the debit card cost to hold?+
The monthly fee on the Visa debit card is XCD 0, so holding the account costs nothing each month. Cash behaves differently: the free ATM allowance is XCD 0, so every withdrawal carries a charge and card spending is the cheaper route.
What does it cost to spend in another currency?+
The currency conversion fee is 1%, and the account holds 2 currencies. The card is built with travel in mind, so foreign spending is expected, but that conversion charge is worth checking before you lean on it abroad.
Which entity holds the money and what does the licence cover?+
The licence on file is a licence to carry on banking business in Antigua and Barbuda, granted to Antigua Commercial Bank Ltd. The account is held by ACB Grenada Bank Ltd, a different name, so confirm on the paperwork which entity holds your deposit.
What rate and term do loans carry?+
Borrowing is priced at 9% on a fixed basis, with a term of 120. Because the bank is a direct lender you deal with it rather than a broker, and early repayment is free if you settle the balance before the term ends.
Can I take a mortgage for a purchase?+
Mortgages are offered for property purchase with a product fee of XCD 0 and a maximum loan to value of 100%, which is high for a purchase. Home improvement is the listed use case, and the same fixed pricing of 9% applies on the borrowing side.
How do I reach support?+
Support runs on email, phone and help centre, so you can reach the bank by email, by phone or through the help centre. None of those is live chat, so if you prefer putting questions in writing, the help centre is the route to use.
Who is the account aimed at?+
The listed audience is business and the card is a debit card on the visa network, with travel as the main use case. Households can hold the account for everyday spending, though the product set leans towards businesses and borrowers.
Sources
- ag.linkedin.com/company/acb-caribbean checked September 26, 2026
Backs: Card kind
“International Visa and MasterCard credit cards”
- gd.acbonline.com checked September 26, 2026
Backs: Legal entity, Loan types, Support channels, Use cases
“ACB Grenada Bank Ltd remains committed to be agile and nimble in our approach”
- gd.acbonline.com/about-acb-grenada-bank-ltd checked September 26, 2026
Backs: Founded, Licences
“In April of that same year, the Bank acquired the assets of RBC in Antigua & Barbuda and in Grenada, thus expanding into the OECS, and trading as ACB Caribbean and ACB Grenada Bank respectively.”
- gd.acbonline.com/faqs checked September 26, 2026
Backs: Loan amount, APR, Free early repayment, Lender type, Term
“Borrow up to a maximum of $270,000”
- gd.acbonline.com/personal/acb-grenada-bank-fees checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Currencies, Currency conversion fee, Pricing model, Rate type
“DEBIT CARD - Transaction Fee (ACB ATMs) $0”
- gd.acbonline.com/personal/acb-smart-cards checked September 26, 2026
Backs: Card type, Features, Headquarters, Monthly fee, Card network
“The ACB Smart Card is a Chip & Pin Contactless International Debit Card.”
- gd.acbonline.com/personal/mortgage checked September 26, 2026
Backs: Maximum loan to value, Product fee, Purpose
“up to 100% financing”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.
ACB Grenada Bank
Everyday spending and straightforward lending in Grenada from one bank.