Banks Island (73°0′N 121°30′W) is one of the bigger members of the Canadian Arctic Archipelago. It is in the Inuvik Region of the Northwest Territories, Canada. It is separated from Victoria Island to its east by the Prince of Wales Strait and from the mainland by Amundsen Gulf to its south. The Beaufort Sea lies to its west. To the northeast, McClure Strait separates the island from Prince Patrick Island and Melville Island.