The 60-second version
Guam bank exit needs zero balance NOC, USD conversion if needed, SWIFT to NRE, and Schedule FA for last FY.
USD liquidity can be thin — convert before SWIFT cutoff at Hagåtña branch
Bank of Guam / First Hawaiian Bank Guam serve Hagåtña expats — obtain written closure NOC after final payroll credit.
USD wires to NRE may route via AUD/USD correspondent — retain SWIFT copy for AD bank.
Tax lane: Guam tax guide for residency exit.
Guam bank wind-down
| Bank | Currency | Step |
|---|---|---|
| Bank of Guam | USD | Written closure |
| First Hawaiian Bank Guam | USD | Zero balance |
| Correspondent | AUD/USD | SWIFT trail |
| NRE | INR/USD | FIRC receipt |
Closure
Stop debits
Cancel cards.
Final payroll
Wait for credit.
USD convert
AUD/USD if needed.
SWIFT NRE
AD bank Form A2.
Schedule FA
Last FY account.
Flow
Guam bank kit
- Passport.
- Account stmt.
- Closure NOC.
- SWIFT.
- Tax clearance.
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US territory FBAR
Guam is US territory — US persons must file FinCEN 114 FBAR if aggregate foreign accounts exceed USD 10K, including Guam bank accounts.
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FBAR?
Guam is US territory — US persons must file FinCEN 114 FBAR if aggregate foreign accounts exceed USD 10K, including Guam bank accounts.
Schedule FA?
Declare in last FY you held foreign account.
Brokerage?
No local exchange — bank custody only if held.
Form 67?
If overlap-year foreign withholding and India tax on same income.
Australia hub?
Australia tax guide if salary transited Sydney.
Retention?
Keep NOC and SWIFT 7 years Indian + 10 years US/UK.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.