Cashier's Orders

Overview

Cashier's Orders are used to make payments locally. Rather than being drawn on overseas correspondents, Cashier's Orders clear directly with The Bank of Bermuda Limited.

Key features and benefits

• Reduction of collection fees and the incidence of deferrals
• Cost savings over Telegraphic Transfer (where time is not crucial)
• Advance order by phone or online
• Local clearing for USD and BMD
• Prompt placement of Stop Orders 

What you should know before you apply

Information required to issue a Cashier's Order:

• Payee’s name
• Payment amount and currency
• Debit account name and number