The 60-second version
Aruba bank exit needs zero balance NOC, AWG SWIFT to NRE, and Schedule FA for last FY before India tax residency.
Aruba uses AWG — wire to NRE before closing US or Netherlands parallel account
Aruba Bank / RBC Royal Bank Aruba serve Oranjestad tourism, refinery, and hospitality payroll — obtain written closure after final credit.
AWG SWIFT to NRE needs FEMA Form A2 at Indian AD bank — retain FIRC for seven years.
Tax lane: tax residency guide for Aruba exit pattern.
Aruba bank wind-down
| Bank | Currency | Step |
|---|---|---|
| Aruba Bank | AWG | Written closure |
| RBC Royal Bank Aruba | AWG | Zero balance |
| SWIFT | AWG | FIRC trail |
| NRE | INR/USD | Receipt confirm |
Closure
Stop debits
Cancel cards.
Final payroll
Wait for credit.
AWG wire
SWIFT to NRE.
Closure NOC
Zero balance letter.
Schedule FA
Last FY account.
Flow
Aruba bank kit
- Passport.
- Account stmt.
- Closure NOC.
- SWIFT.
- Tax clearance.
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USD peg
Aruba AWG is pegged to USD — confirm AD bank accepts AWG or converts before wire.
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FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Schedule FA?
Declare in last FY you held foreign account.
Brokerage?
Close custody before linked bank if held.
US parallel?
US bank guide if you also held US correspondent account.
TCS inbound?
Large SWIFT may attract TCS at AD bank.
Retention?
Keep NOC and SWIFT 7 years Indian + 10 years US/UK.
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