Domestic banking is banking conducted with residents of Anguilla or banking conducted in the Eastern Caribbean Dollar (XCD).
Domestic banks are licensed under the Banking Act and regulated by the Eastern Caribbean Central Bank (ECCB), based in St. Kitts.
The ECCB serves as the Central Bank to all member states of the Eastern Caribbean Currency Union, including Anguilla, and is responsible, inter alia, for regulating and supervising all domestic banks within member states.
There are currently three domestic banks, one is locally owned, namely National Commercial Bank of Anguilla Limited (NCBA).
The other two domestic banks, CIBC FirstCaribbean International Bank and Scotiabank (Anguilla) Limited, are either branches or subsidiaries of well-known international banks.