De Nederlandsche Bank (DNB) intends to take care of the management and servicing of automated teller machines (ATMs) operating in Saba and Saint Eustatius. Access to cash for citizens and businesses is essential and must be ensured. DNB is committed to secure the future resilience of the cash infrastructure on both islands.
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In close consultation with stakeholders in the payments systems on Saba and Saint Eustatius, and in repeated talks with the Public Entities, DNB has been made aware that the provision of cash
(USD banknotes and coins) on these islands warrants improvement. As the responsible central bank, mandated to ensure a well-functioning payments system on Bonaire, Saint Eustatius and Saba, DNB will be taking care of the provision of cash services on the two islands. DNB's aim is to improve the ATM services, to increase the resilience of the cash infrastructure and make it future proof. The banks on the islands as well as the Ministry of Finance are up to speed about DNB’s provision.
DNB will engage an international Independent ATM Deployer (IAD) which offers ATM-services worldwide. The IAD will install 4 ATMs on both Saint Eustatius and Saba, instead of the 2 ATMs on each of the islands at this moment. By increasing the number of ATMs, better redundancy is which should ensure better availability of ATM services. All cards by local banks, as well as the major international cards are to be accepted. Also, the IAD will install 2 so-called cash boxes on each island. Cash boxes can be used by retailers to deposit their cash receipts, provided they have a contract with the IAD. A separate solution for the provision of USD coins is being developed to complete the cash infrastructure.
The project has been underway for some time and although there continue to be issues to be resolved, DNB is confident that the ATM’s can be made operational in close co-operation with the IAD in the second half of 2025. More information on, for example ATM locations and on-boarding of retailers, will be made available in due course.
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