Financial

Everyday Banking

Bermuda Commercial Bank is the only local bank focused solely on corporate and commercial business and high net-worth individuals. Our cash management products are backed by a dedicated team of banking professionals that will work with you to get the job done efficiently and effectively.

Deposit Products

Bermuda Commercial Bank offers demand and fixed (term) accounts for clients in all major currencies, and can provide accounts in exotic currencies on request. Our electronic banking service (eBanking) provides immediate access to real-time balance data and supports straight-through processing of international wire transfers.

International Wire Transfers, Drafts and Chequing

Bermuda Commercial Bank makes international payments easy. We are a member of SWIFT and can transfer or receive funds world-wide through our network of correspondent banks. Our eBanking platform offers straight-through processing for fast, accurate payments. We offer drafts and chequing accounts in most currencies. Whether you need to move millions internationally or hundreds locally we offer the right tools for the job.

eBanking

Bermuda Commercial Bank offers a sophisticated and comprehensive electronic banking product for online cash management. Available 24 x 7, our eBanking product is fully multi-currency and integrated with our banking systems for paperless straight-through processing. Click here for more details.

Letters of Credit

We offer collateralized Standby Letters of Credit through our international correspondent network. Letters of Credit are commonly used by the insurance, shipping and export industries. Our Letters of Credit are accepted by US and UK regulatory agencies and are offered at competitive rates.

A Letter of Credit provides an assurance of payment to a seller. If the holder of the Letter of Credit does not make a payment on time, the Bank is held responsible for the payment. This provides an extra level of insurance to both the buyer and the seller. The seller can be certain that they will receive payment, and the buyer is protected from having to pay for goods that are not shipped or received.