Banking

Full-Service Banking in Bermuda

As one would expect of a centre, Bermuda has a highly sophisticated and well-respected banking industry. That’s good news, because once you have relocated to Bermuda, you will need a local bank account to receive and make payments, and support any may have.

Headquartered in Bermuda for leading independent bank and Bermuda’s 2021 Bank of the Year by The Banker and 2022 Best Private Bank by Global Finance. accounts in both Bermuda and US dollars, and makes it simple to set up your local banking services. You can download and complete an account application form by visiting Street Banking Centre in Hamilton to complete the application process.

Once you open an account, you Debit Card, which provides a host exclusive provider of credit cards featuring AAdvantage rewards and Avios that can be redeemed for bookings with American Airlines, British Airways, and their OneWorld partners.

If you require a more bespoke solution for your banking needs, and Private Banking services for qualifying customers. Premium Banking customers enjoy services of a dedicated Relationship Manager who is their single point of contact for access to all products and services. are geared toward high net worth and ultra-high net worth individuals plans and services including asset management and trust.

No matter where you work or choose to live in Bermuda, you’ll be has ATMs located across the Island, as well as three Banking Centres for your everyday needs. And if you are travelling to the US, Canada, the obtaining cash for your trip extremely convenient with its multi-currency ATMs located in the International Departures lounges at the L.F. Wade International Airport.

you have secure, 24/7 access to your accounts. And if you opt for the ability to send wires, you can easily transfer funds to personal or family accounts around the world.

If you need a loan for a car or a motorcycle to get around the island, furnishings for your new home, or perhaps a boat to make the most of your weekends, a range of personalised lending solutions at very competitive rates. investment services, including proprietary mutual funds as well as discretionary asset management, and self-directed online and traditional private client brokerage services. For wealth structuring and succession planning advice professionals who are experts at creating tailored solutions for the protection, growth and intergenerational transfer of assets.

For more information about representative, please call (441) 295 1111.

Total Family Support

HSBC Premier members and their families experience what other banks don’t provide - a of your life.

You don’t live an ordinary life, so why settle for an ordinary designed for clients like you. Open a premium account today with one of the world’s leading International banks.

HSBC Premier is the perfect choice for clients needing priority worldwide support. Premier clients enjoy reduced fees and preferential rates on a variety of products and services, including foreign exchange and loans as well as access to such as fee-free cash withdrawals from all HSBC ATM’s worldwide and emergency cash of up to $10,000 in local currency at HSBC Premier Centres and HSBC branches. manage your home and overseas accounts together. With HSBC’s Global View you can view all your eligible accounts from other countries in one place and with Global Transfers you can instantly move money across borders between your personal eligible accounts with no wire fees.

Get tailored advice from someone who knows you. A dedicated Premier Relationship Manager will get to know you and your needs,

Your family is Premier too, as and privileges can be extended to your spouse and children (up to age partnerships.

Bermuda’s only annual fee-free credit cards—the HSBC Premier Bermudacard for local use or the HSBC Premier Mastercard for worldwide use, and earn 1.5x reward points on local, overseas and online spending. Ditch the restrictions of typical airline reward cards. Using your reward points choose from any airline, any hotel—anytime with no blackout dates—and enjoy discounted airport lounge access. The HSBC Premier Mastercard access to over a thousand airport lounges, free Wi-Fi access, as well as discounts on hotel bookings and accommodations—and no international transaction fees. It earns the highest reward points at double value (2x) for every dollar that you spend on purchases, enabling you to earn rewards faster.

The HSBC Premier Visa Platinum such as Visa Concierge, Visa Luxury Hotel Collection, as well as price and purchase protection. All HSBC debit and credit card users are given automatic access to the new Home & Away discounts, with Premier customers gaining exclusive purchases related to the following six categories: travel, shopping, dining, wellbeing, education, and experiences.

Premier Wealth and Investment Solutions Growing your wealth and meeting future goals takes more than just hard work. It also takes planning. HSBC provides a dedicated Relationship Manager to customise family that leverage our global network of investment expertise.

You may also wish to try our HSBC savings calculators - Grow Your Wealth | Education Planning | Retirement Planning to see how you can take steps to reach your goals. They are simple to use and under¬stand no matter where you may be on your investment journey.

For more experienced investors, we also feature our full range of funds. Have a look at our Investor Resources.

For more information about how you and your family can experience the ultimate in Premier banking, contact 299-5252 or visit www.hsbc.bm/premier.

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.

Don’t neglect your long

Moving to a new country can be daunting for you and your family — a feeling that to our small island. For most, the immediate challenges include navigating new banking and medical systems, setting up utilities, and other short-term necessities.

As a new resident, more long-term planning (such as for retirement) may seem irrelevant, especially if your residency is linked to the terms of a work permit. Regardless of your status in Bermuda, thinking about what your future might look like is an essential part of life. Although you may be starting a new chapter in life now, at some point you will retire. Proper planning and mindful decision-making will be key to what that looks like when the time comes. Whether short- or long-term, taking advantage of for your future.

Freisenbruch, encourages pension members – or anyone trying to save for retirement – to open a personal retirement plan (PRP) and start contributing extra for their retirement. Contributing to to a regular savings or investment account in that the PRP funds are automatically earmarked for retirement as opposed to a generalpurpose rainy-day fund that may be held in a savings account. Freisenbruch encourages monthly contributions, which can seamlessly integrate into your monthly money management routine, and you can also make lump sum contributions to a PRP with no restrictions or minimum amounts. This allows for term. Second are the investment mutual funds as opposed to the banks’ proprietary options, thus to the investor.

So, although you have immediate tasks to organise and plan as you settle into island life, keep your future needs in mind, too. Personal retirement plans provide an additional vehicle to save for retirement and are a great tool to utilise while you call Bermuda home.

Carla Seely is the Chief Operating would like any further details about our personal retirement plans, please contact pensionplans@ freisenbruch.bm or call 441 2963600 and ask for the pensions department.

ARE YOU LOOKING FOR A PENSION PROVIDER YOU CAN TRUST?

We understand you have many choices on island, that’s precisely why you should choose a provider that will not only work directly with your HR team every step of the way, but will always put your employees first. Diversified Investment Options | Daily Valued Funds | Low Administration Fees

For more information on our pension products, call 296-3600 or visit www.freisenbruch.bm