Inns North Canadian Arctic Hotels
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Inns North Canadian Arctic Hotels

Header - Inns North - Planning your trip
Money

There are very few bank branches in Nunavut. Debit card facilities in many stores allow visitors to withdraw funds from their own accounts, provided the stores have enough cash on hand. The cash shortages in the smaller communities often takes visitors by surprise. When a community is isolated by weather, for example, cash flow can quickly become a problem. You should always ensure that you have adequate cash on hand to cover any immediate needs.

Plan to complete your banking transactions in Nunavut's largest communities - Iqaluit, Rankin Inlet or Cambridge Bay before traveling to the smaller communities. Travellers from outside Canada should plan to exchange currency before arrival in Nunavut.

In Iqaluit, the Royal Bank of Canada and the Bank of Montreal have branches conveniently located across the street from each other. These are the only banks on Baffin Island. Iqaluit also has three automated teller machines: one in the Bank of Montreal, one in the Royal Bank, plus a Royal Bank machine in the Brown building/high-rise complex. In Rankin Inlet, you'll find branches of the Canadian Imperial Bank of Commerce (CIBC) and the Royal Bank. Cambridge Bay has a branch of the Royal Bank. The Royal Bank also has automated teller machines in Rankin Inlet and Cambridge Bay. Whale Cove has an automated teller machine in its Co-op store.

In other communities, the Co-op store usually cashes recognized traveler's cheques in Canadian funds. Cash shortages often occur in the communities. It is a good idea to carry Canadian money. The currency used here is the Canadian dollar. Money consists of notes - $5, $10, $20, $50, $100 - and coins - 1, 5, 10, 25, $1, $2.

Credit and Debit Cards
Many retailers and hotels in Iqaluit, Cambridge Bay and Rankin Inlet accept credit cards, as do most hotels in smaller communities. Not all stores in small communities accept credit cards. Outfitters generally only accept cash or occasionally traveller's cheques.

Interac, the Canadian debit card system, is in place at all Co-op stores. Funds can be withdrawn from your own account if cash flow permits. Some places accept personal cheques if you have proper identification. Smaller communities usually do not accept them, so travellers should not count on using them. Traveller's cheques are more widely accepted.

Sunday shopping is permitted in the Northwest Territories, bu this differs from community to community. In Nunavut's smaller communities, stores will sometimes close during the lunch hour.

Header - Inns North - Directory
Bank of Montreal
Iqaluit:
Tel.: (867) 979-2901.     Fax: (867) 979-2906

Canadian Imperial Bank of Commerce
Rankin Inlet:
Tel.: (867) 645-2863.     Fax: (867) 645-2573

Royal Bank of Canada
Cambridge Bay:
Tel.: (867) 983-2007.     Fax: (867) 983-2754

Iqaluit:
Tel.: (867) 979-5344.     Fax: (867) 979-4845

Rankin Inlet:
Tel.: (867) 645-3260.     Fax: (867) 645-3261

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Inns North Canadian Arctic Hotels

Inns North Canadian Arctic Hotels hotels are located in:

Arviat, Nunavut
Baker Lake, Nunavut
Cambridge Bay, Nunavut
Chesterfield Inlet, Nunavut
Gjoa Haven, Nunavut
Hall Beach, Nunavut
Igloolik, Nunavut
Kimmirut, Nunavut
Kugaaruk, Nunavut
Pangnirtung, Nunavut
Pond Inlet, Nunavut
Qikiqtarjuaq, Nunavut
Rankin Inlet, Nunavut
Repulse Bay, Nunavut
Resolute Bay, Nunavut
Sanikiluaq, Nunavut
Whale Cove, Nunavut
Fort McPherson, NWT
Ulukhaktok, NWT