SandDollar review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SandDollar suits people and businesses in The Bahamas who want a digital-only account with no recurring charge: the monthly fee is BSD 0 and individuals pay no transaction fees. Payouts reach wallet, card and cash pickup, though 1 currency makes it a home market account.
Key facts
- Best for
- A no-cost, app-only everyday account for money earned and spent in The Bahamas.
- Monthly fee
- BSD 0↗
- Currencies
- 1↗
- Transfer fee
- Zero transaction fees for individuals↗
- Legal entity
- Central Bank of The Bahamas↗
- Headquarters
- Bahamas↗
- Founded
- 2020↗
- Support channels
- Email, Phone, Help-centre↗
- Audience
- Business
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- sanddollar.bs
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXfacebook.com
Pros and cons
Pros
- The monthly fee is BSD 0, in line with the €0 median across the site.
- Individuals pay no transaction fees, and the transfer fee is listed as BSD 0.
- It is regulated in The Bahamas by the Central Bank of The Bahamas.
- Payouts run to wallet, card and cash pickup, and support runs through email, phone and help centre.
Cons
- It holds 1 currency, which places it 338 of 379 brands ranked on currencies.
- Everything is digital-only, as digital only shows, so there is no branch or counter service.
- It was founded in 2020, so it is a younger provider than most of the field.
Who it suits
- People in The Bahamas who want a no-charge everyday account and are happy working from the app, since digital only is digital-only.
- Businesses and sole traders paying local suppliers, matching its stated business audience.
Who should look elsewhere
- Anyone who needs to hold several currencies: SandDollar supports 1 currency, so Skrill or Plazo ES earn a closer look.
- Customers who want in-person counter service, because the account is digital only.
- People choosing mainly on the monthly fee: Skrill lists €0 and Plazo ES lists €0, so the fee does not set SandDollar apart.
How SandDollar compares
8.3 vs 8.7
8.3 vs 8.6
8.3 vs 8.0
8.3 vs 8.9
8.3 vs 9.1
8.3 vs 9.2
8.3 vs 8.7
8.3 vs 8.7
8.3 vs 8.7
8.3 vs 9.0Skrill's €0 monthly fee also matches, so it is worth a closer look for anyone put off by a single currency.
8.3 vs 8.7
8.3 vs 9.5
8.3 vs 9.4
8.3 vs 9.3
8.3 vs 9.2
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8.3 vs 9.2
8.3 vs 9.1
8.3 vs 9.0
8.3 vs 9.0
8.3 vs 8.9
8.3 vs 8.9- 8.3 vs 8.9
8.3 vs 8.7
8.3 vs 8.5
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8.3 vs 8.2
8.3 vs 8.1- 8.3 vs 8.1
8.3 vs 8.0
8.3 vs 8.0
8.3 vs 8.0
8.3 vs 9.1
Where SandDollar is available
- Available
- Bahamas
- Licence in Bahamas
- Central Bank of The Bahamas, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a SandDollar account cost?+
The account carries a monthly fee of BSD 0, in line with the €0 median across the site. Individuals also pay no transaction fees, with a transfer fee of BSD 0. Business customers should check their own terms, since the fee-free wording covers individuals.
Who regulates SandDollar?+
SandDollar is registered in The Bahamas, and its legal entity is listed as Central Bank of The Bahamas. The Central Bank of The Bahamas is the regulator recorded for it, so the account sits under Bahamian supervision rather than another market's rules.
How many currencies can I hold?+
SandDollar covers 1 currency, which puts it 338 of 379 brands on currencies. The site median is 5, so multi-currency accounts sit well above it. Anyone paid in several currencies is better served elsewhere.
How do I get money out of a SandDollar account?+
Payouts run to wallet, card and cash pickup, so you can take money out to a wallet, a card or a cash pickup point. Individuals pay no transaction fees on that movement, with a transfer fee of BSD 0. Cash pickup suits people who hold no local account.
How do I contact SandDollar support?+
Support runs through email, phone and help centre, covering email, phone and a help centre. That mix suits people who would rather call than chat, since phone is a listed channel here. Chat is not among the listed channels, so urgent questions should go by phone or email.
Who is a SandDollar account aimed at?+
The stated audience is business, so the account is built around business and personal money rather than travel spending. It is digital only, which suits customers used to managing everything in an app. Freelancers working in other currencies would look elsewhere.
How does SandDollar compare on monthly fees?+
SandDollar's monthly fee is BSD 0. Skrill lists €0, Plazo ES lists €0 and PayPal Colombia lists $0, so cost does not separate these providers. Judge them on licences and currency reach instead, since those differ.
When was SandDollar founded, and where is it based?+
SandDollar was founded in 2020 and is based in Bahamas, which places it in The Bahamas. A short history means less of a track record than the long-established banks in the same market, so opening with small sums makes sense.
Sources
- sanddollar.bs checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“Central Bank of The Bahamas Building, Frederick Street, Nassau, New Providence, The Bahamas”
- sanddollar.bs/faqs/can-sand-dollar-be-used-internationally checked September 26, 2026
Backs: Currencies
“At the moment the digital B$ (Sand Dollars) can only be used within The Bahamas.”
- sanddollar.bs/getinvolved checked September 26, 2026
Backs: Payout methods
“Non-residents, and visitors can fund B$ wallets with foreign currency and cash out into foreign currency against card / instrument used to load wallet.”
- sanddollar.bs/history checked September 26, 2026
Backs: Founded
“On 20th October 2020 the Central Bank of The Bahamas took SandDollar from pilot to production in a national rollout, which made the central bank digital currency available to the general public.”
- sanddollar.bs/individual checked September 26, 2026
Backs: Audience, Features, Pricing model, Monthly fee, Transfer fee, Fee to send 1,000, Licences
“Select from the available options. For example, business or individual, wallet limit etc.”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Guides
SandDollar
A no-cost, app-only everyday account for money earned and spent in The Bahamas.