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 |