The 60-second version
Solomon Islands bank exit needs zero balance NOC, SBD→AUD/USD conversion, SWIFT to NRE, and Schedule FA — pair with Solomon tax guide.
SBD is thin outside Honiara — convert to AUD at BSP before SWIFT cutoff
BSP and ANZ Solomon Islands serve forestry and mining expats — obtain written closure after final payroll credit.
SBD wires often route via AUD correspondent — retain SWIFT copy for NRE credit and Schedule FA.
Tax lane: Solomon Islands tax guide for IRD exit.
Solomon bank wind-down
| Bank | Currency | Step |
|---|---|---|
| BSP | SBD/AUD | Written closure |
| ANZ SI | SBD | Zero balance |
| Correspondent | AUD | SWIFT trail |
| NRE | INR/USD | FIRC receipt |
Closure
Stop debits
Cancel cards.
Final payroll
Forestry/mining credit.
SBD→AUD
Convert at branch.
SWIFT NRE
AD bank Form A2.
Schedule FA
Last FY account.
Flow
Solomon bank kit
- Passport.
- Account stmt.
- Closure NOC.
- SWIFT.
- IRD clearance.
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AUD routing
Indian AD banks may credit AUD leg faster than SBD — convert before wire to avoid correspondent delay.
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FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Brokerage?
No local exchange — bank custody only if held.
Schedule FA?
Declare in last FY you held foreign account.
PNG parallel?
PNG tax guide if also worked Port Moresby.
Form 67?
If overlap-year Solomon withholding and India tax.
Retention?
Keep NOC and SWIFT 7 years Indian + 10 years US/UK.
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