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These banking institutions in Cameroon allow users to open bank accounts for free.
This article looks at Cameroon’s local, central, and commercial banks. Banks in Cameroon are usually Commercial, International (e.g., American banks), or National banks.
Bicec Bank was considered a national bank in the early eighties before being sold to a Moroccan banking entity.
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There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l’Afrique de l’Ouest (BCEAO) and the Central African Banque des États de l’Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender, Cameroon inclusive.

Nowadays, these banking institutions in Cameroon allow users to open bank accounts for free. These banks also provide their users with ATM cards (Visa and MasterCards). Visa Cards open the possibility to purchase goods and services online using PayPal, Payoneer, Perfect Money, etc.
See Also: Types of Bank Accounts in Cameroon.

The table below summarizes the comprehensive list of the best ten (10) commercial banks in Cameroon:
| Commercial Banks | The rank |
| Afriland First Bank | 1 |
| Societe Generale des Banques au Cameroun (SGBC) | 2 |
| Banque International du Cameroun pour l’Epargne et le Crédit (BICEC) | 3 |
| Commercial Bank of Cameroon (CBC) | 4 |
| SCB Cameroun | 5 |
| United Bank for Africa (UBA) | 6 |
| Ecobank Cameroon | 7 |
| Citibank | 8 |
| Atlantic Bank Cameroon (Banque Atlantique) | 9 |
| Union Bank of Cameroon (UBC) | 10 |
Below is the complete list of local banks in Cameroon:

US-based banks or American banks which are present in Cameroon are enumerated below:
See Also: How to Open a Bank Account in Cameroon.