Banking

Full-Service Banking in Bermuda

As 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 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.

Total Family Support

HSBC Premier members and their families experience what other banks don’t provide - a global network of unique partnerships, privileges and benefits that add value to every part of your life.

You don’t live an ordinary life, so why settle for an ordinary bank. HSBC Premier offers both local and global benefits 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 services, flexibility and 24/7 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 a range of global benefits for themselves and their family. Benefits 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.

With HSBC Premier it's easy to 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, providing financial planning services.

Your family is Premier too, as your exclusive Premier benefits and privileges can be extended to your spouse and children (up to age 28), including rewards, offers and partnerships.

Premier Card Benefits

Premier customers are offered 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 Black offers complimentary 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 debit card offers additional benefits 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 privileges. Discounts are offered on 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 a financial plan for you and your 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.