List of Banks in the Caribbean

 

 

 

List of Swift Codes Bank in Bermudas

 
Reporting Institutions SWIFT
BERMUDA COMMERCIAL BANK LIMITED BPBKBMHM
CAPITAL G BANK LIMITED CAGPBMHM
THE BANK OF BERMUDA LIMITED BBDABMHM
THE BANK OF N T BUTTERFIELD & SON LIMITED BNTBBMHM

 

List Of Investment Banks In Bermuda


Bank of Bermuda
Bank of Butterfield Ltd
Banque SCS Alliance SA
Bermuda Commercial Bank
Bermuda Financial Network
Bermuda Monetary Authority
Capital G Bank Limited
Coutts Limited
EasyPay
First Bermuda Group Ltd
Griffon Bank
HSBC Bank
Island Press Ltd
Royal Bank of Canada

 

Get your own Bank account with ATM card (Maestro/Mastercard debit card) for withdrawals with a Bank in the Caribe
 

ATMs in Bermuda

The Bank of Bermuda/HSBC and Bank of Butterfield have Automatic Teller Machines (ATMs) scattered throughout Bermuda, plus full service offices in and beyond the City of Hamilton. Most American, Canadian & other visitors will find that if they need cash in Bermuda, local ATMs from either of the two largest local banks will service them. But the dollar notes they dispense will be in non-exportable Bermuda dollars only (which cannot be cashed overseas.

Bermuda Bankers Association (BBA)

Since November 2007. Funded by its members. Serves as the main representative body for banks and deposit taking/lending firms on the Island. Similar to banker's associations in other important financial jurisdictions, the BBA serves as an industry think tank, lobby group and a forum for increased cooperation on non-competitive issues among the Island's banks. The BBA's stated mission is to be a leading contributor in the development of public policy on the financial services sector and to ensure that the legal and regulatory framework governing banks operates in an efficient, effective and fair manner. It actively cooperates with other organizations locally and internationally in developing industry standards and conventions to enhance the efficiency and soundness of the financial system. It endeavors to encourage compliance with the highest ethical standards and risk management practices within the industry to ensure that Bermuda's reputation as a respected international financial centre is protected. All the Island's chartered banks and lending/deposit taking institutions are eligible for membership and currently all banks doing business in Bermuda are members. The BMA acts as an ex officio observer of the BBA.

Bermuda Local Currency, tied to the US Dollar

The Bermuda Dollar, not an exportable or international currency, is not available from any bank in USA, Canada, UK, etc. and only usable within Bermuda. But for all non-Bermudian visitors the US Dollar - on which the Bermuda Dollar is based and in Bermuda is worth the same - is accepted everywhere in Bermuda despite the fact that Bermuda is not part of the USA politically and is not a US Commonwealth country like Puerto Rico or the USVI, etc. Until 1970 but not thereafter, Bermuda had its own local pound sterling notes, based on UK sterling. All visitors from the UK, Canada, Europe and elsewhere should bring US dollars only. If visitors who purchase goods and services in Bermuda get their change offered in Bermuda dollars they should ask if it can be exchanged for US dollars.

Euro currency

Incoming visitors from Europe should note that the Euro is not accepted anywhere in Bermuda as a trading currency. They should use US dollars. But all Bermuda's banks offer the Euro - € - to all visitors and business executives or representatives heading for Ireland and EU countries of Europe. Avoid using Euro traveler's checks, instead use credit or debit card cards at ATMs of banks in Euro countries.

More Info: http://www.bermuda-online.org/banking.htm

 


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