Payment Cut-off times

  • 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

HSBCnet

 

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.

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.