The Bank of Sierra Leone issues currency, determines foreign exchange rates, and supervises the banking industry. Major cities have several local and international commercial banks, catering to private individuals and businesses.
Most expatriates open a current account for paying bills in leone (Le). Personal checking and savings accounts are available, as are time deposits and fixed deposit accounts. Funds availability, types of checks offered, and overdraft protection options may vary depending on the banking institution. The major banks offer electronic/wire funds transfer services, as well as loans and many other services. Internet and telephone banking services are available from some banks.