BANKING
Full-Service Banking in Bermuda
A
s one would expect of a leading international financial 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 additional financial requirements you may have. Headquartered in Bermuda for over 160 years, Butterfield is a leading independent bank and trust company, offering a full range of services and financial solutions. Butterfield was recently named Bermuda’s 2021 Bank of the Year by The Banker and 2022 Best Private Bank by Global Finance. It offers chequing and savings 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 www.butterfieldgroup.com and bring it into Butterfield when you arrive on island. Simply visit Butterfield’s Reid Street Banking Centre in Hamilton to complete the application process. Once you open an account, you are eligible for Butterfield’s Platinum Debit Card, which provides a host of everyday banking benefits at no New Resident 2022
additional cost. Butterfield is also the 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, Butterfield provides Premium 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. Butterfield’s Private Banking services are geared toward high net worth and ultra-high net worth individuals offering clients personalised financial plans and services including asset management and trust. No matter where you work or choose to live in Bermuda, you’ll be close to your money, as Butterfield 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 UK or Europe, Butterfield makes 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.
With Butterfield Online and the Butterfield Mobile Banking app 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, Butterfield has you covered with a range of personalised lending solutions at very competitive rates. Butterfield’s asset management team also offers a range of 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 speak with Butterfield’s trust professionals who are experts at creating tailored solutions for the protection, growth and intergenerational transfer of assets. For more information about Butterfield's products and services or to speak with a Butterfield representative, please call (441) 295 1111. 17
