- Instructions received by the below listed cut-off times will be processed the same day and the value will be effected within the time period stated below
- Instructions received after the listed cut-off times will be processed the next working day
- Instructions received on non-working days (weekends, Bank holidays, etc.) will be processed on the next working day
Please note that we offer the following two branch locations for the collection of Drafts:
- Harbourview Branch, Ground Floor receptionist
- Church Street Branch
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Business Customers
Electronic Payment Instructions
*All Cut-off times reflected below are “Local” Bermuda Times.
| Product | Currency | HSBCnet | Value Effected (if within cut off time) |
| Internal Transfers | All currencies | 4:00 pm | Same day value |
| Cashiers Orders | BMD and USD | 3:00 pm | 72 hours |
| Drafts | All currencies (except BMD) | 3:00 pm | 72 hours |
| Bill Payments | BMD and USD | 4:00 pm | Same day value |
| Local Bank payments | BMD and USD | N/A | Same day value |
| ACH Credits | BMD and USD | 2:00 pm | Same day value |
| Outgoing Wires | USD | 3:00 pm | Same day value |
| CAD | 11:00 am | Same day value | |
| GBP | 3:00 pm | Next business day value | |
| EUR | 3:00 pm | Next business day value | |
| All other | 3:00 pm | Next two business day value | |
| Standing Instructions | All currencies | N/A | 24 hours of value date |
| Standing Instructions Amendments | All currencies | N/A | 24 hours of value date |
| File Upload Local Bank Payments | BMD and USD | 12:00 pm | Same day value |
| File Upload Wire Payments | All currencies | Varies | Follows Outgoing Wires cut off times above. |
Manual Payment Instructions
*All Cut-off times reflected below are “Local” Bermuda Times.
| Product | Currency | Non Bank Stationery | Bank Stationery | Value Effected (if within cut off time) |
| Internal Transfers | All currencies | 11:00 am | 12:00 pm | Same day value |
| Cashiers Orders | BMD and USD | 11:00 am | 12:00 pm | 48 hours |
| Drafts | All currencies (except BMD) | 11:00 am | 12:00 pm | 48 hours |
| Bill Payments | BMD and USD | 11:00 am | 12:00 pm | Same day value |
| Local Bank payments | BMD and USD | 9:00 am | 10:00 am | Same day value |
| Outgoing Wires | USD | 11:00 am | 12:00 pm | Same day value |
| CAD | 9:00 am | 10:00 am | Same day value | |
| GBP | 11:00 am | 12:00 pm | Next business day value | |
| EUR | 11:00 am | 12:00 pm | Next business day value | |
| All other | 11:00 am | 12:00 pm | Next two business day value | |
| Fixed Deposits | All currencies | 11:00 am | 12:00 pm | Same day value |
| Standing Instructions | All currencies | 11:00 am | 12:00 pm | 24 hours of value date |
| Standing Instructions Amendments | All currencies | 11:00 am | 12:00 pm | 24 hours of value date |
Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton HM11, Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.