| Account type | Maintenance fees |
|---|---|
| Personal chequing | |
| Personal Chequing (BMD, USD) |
$3/month |
| Seniors' Chequing (BMD, USD) |
FREE if average monthly balance of $50 is maintained, otherwise $3/month 10 free cheques/month $20/chequebook (100 cheques) |
| Special Option Chequing (BMD, USD) |
FREE if average monthly balance of $2,500 is maintained, otherwise $10/month 20 free cheques/month |
| Business chequing | |
| Commercial Chequing (BMD, USD) |
$3/month |
| Savings accounts | |
| Statement Savings (BMD, USD, CAD, GBP, EUR) |
FREE if average monthly balance of $100 is maintained, otherwise $2/month 5 free staff-assisted transactions/month, $2/transaction thereafter |
| Account services | |
|---|---|
| Audit confirmation | $50 |
| Bank reference | $35 |
| Cheque processing | 50¢/cheque |
| Chequebooks | $20/order (100 cheques) |
| Chequebook mailing | $10/order (100 cheques) |
| Insufficient funds (NSF) | $30/item ($45 CAD/£20) |
| Local cheque special collection | $25 |
| Research | $35/hour |
| Safe deposit boxes | Range from $20 to $225/year Boxes available at St. George's, Church St., Front St., Head Office or Somerset branches |
| Statement reprints | $10 |
| Stop payment (cheques) | $15 (all currencies) |
| Call centre/Remote banking services | |
|---|---|
| Service charges | |
| Account transfers | FREE |
| Advance orders: Cash orders in excess of $5,000 will incur 0.50% fee on the excess amount 24-hour pick up 2-hour pick up |
FREE* (max. 5 items per order) $5* (max. 5 items per order) |
| Balance inquiries | FREE |
| Fax/Mail instructions | FREE* |
| *plus applicable transaction/service fees | |
| Debit Card annual fee | $20 |
| Personal Internet Banking Local Money Transfers International Money Transfers Local/International Drafts |
FREE $20 (+f/x if applicable) $10 (+f/x if applicable) |
| Copy of sales slip | $15 |
| Courier | $35 |
| Replacement cards | $20/card |
| Research | $35/hour |
| Use of non-Bank of Bermuda ATMs | 1.5% of cash withdrawal, $2.50 min |
| Miscellaneous fees | |
|---|---|
| Cash advance | 1.5% of advance (min. $2.50) |
| Copy of current statement | $5 |
| Copy of previous statement | $5 |
| Copy of sales slips | $15 |
| Courier | $35 |
| Credit limit increase | FREE |
| Late payment | $30 |
| Overlimit | $35 |
| Replacement plastics | $20/card |
| Research | $35/hour |
| Rush cards | $35/card |
| Disputes/Enquiries | FREE |
| Adding additional card | FREE |
| Payment services | |
|---|---|
| Drafts - Local and international | |
| Bank of Bermuda account holders | $10 (+ f/x if applicable) |
| Non-Bank of Bermuda account holders | $10 (+ f/x if applicable + 0.5% of face value, $10 min - $1,000 maximum) |
| Stop payments: | |
| Local (Manager's Cheques) | $15 |
| International | $20 (+ fees levied by the paying bank) |
| Money Transfers | |
| Bank of Bermuda account holders (local) | $15 (+ f/x if applicable) |
| Bank of Bermuda account holders (international) | $35 (+ f/x if applicable) |
| IMT to overseas Bank of Bermuda office | $35 (+ f/x if applicable) |
| Incoming money transfers | FREE |
| Per pre advice | $35 (+ f/x if applicable) |
| S.W.I.F.T. message transmission | $35 (+ f/x if applicable) |
| Traveller's cheques | |
| .5% of face value of cheques | $1 min. |
| Standing orders | |
| Set up | $5 |
| Amendment | $5 |
| Transfer within Bank of Bermuda | FREE |
| Transfer to other Bermuda financial institutions | $2.50 |
| Local mail payment | $13 |
| Foreign mail payment | $16 |
| International wire payment | $35 |
| Warning advice (due to insufficient funds after 3 attempts) | $5 |
| Foreign cheques | |
| Cheque clearing | 0.3% or $20/item |
| Cheques sent for collection/deferral | $5/item |
| Services | Maintenance fees |
|---|---|
| Cheque processing (local cheques) | Free |
| Statement Savings | Free |
| Wire transfers to overseas HSBC offices using Personal Internet Banking | Free |
| Cash Travel Advance | Commission free |
| Foreign Currency | Preferential exchange rates apply. For amounts over USD $250,000, better rates may be available. Please speak to your Relationship Manager. |
| Bill Payment Services (local bills) | $20 per bill |
| Products | Max term | Fee / Min fee |
|---|---|---|
| New vehicles - 80% financing | 5 years | 1% / $100 min. |
| New vehicles - 100% financing | 5 years | $100 FLAT FEE |
| Used vehicles | 5 years | 2% / $200 min. |
| Personal - secured | 5 years | 1% / $200 min. |
| Personal - unsecured - 80% financing | 5 years | 1% / $200 min. |
| Jet skis and engines - 70% Financing | 3 - 5 years | 1% / $200 min. |
| Boats - 50% financing | 5 - 7 years new boat 3 - 5 years used boat under 10 years |
1% / $200 min. |
| Debt Consolidation - 100% financing | 5 years | 3% / $200 min. |
| Home Equity Line of Credit (HELOC) | 5 years | 0.5% / $150 min. |
| Home Equity Loan (HEL) | 10 years | 0.5% / $150 min. |
| Education Loans - secured | 5 years | NO FEE |
| Education Loans - unsecured | 5 years | 1% |
| Overdrafts | Min 1 mos/Max 1 year | $25 per qtr (under $10K); .25% per qtr ($1K & over) |
