Fee, Charges and Interest Rate Schedule

Effective 1st November 2025

Effective September 1^st, 2026


Local coin and note handling deposit	2.5% of the total amount deposited (all currencies)

Alternative product solutions to Coin and Note Handling Fee Comparison Guide


Payment / deposit option	Fee
Cash deposit (Notes and Coins) *	2.5% of the total amount deposited (all currencies)
Electronic payments via HSBCnet (ACH / electronic channel)	BMD 7.50 per transaction BMD 0.25 per ACH transaction
Bill Payments (Bill Payee)	Free
HSBC to HSBC account transfer	Free
Incoming local payments (BMD)	Free

*Billing to commence October 2026

For a complete listing of Personal Fees (including fees for Small Business & Charities) click here

Electronic Banking

HSBCnet

HSBCnet
Inquiry Only Profile	$10.00/month
Domestic Profile	$25.00/month
International Profile*	$40.00/month
Over 5 accounts	$15.00/account
Over 100 accounts	$7.00/account
Non-HSBC Bermuda accounts	$5.00/account
Over 3 users	$5.00/user
Additional/replacement tokens	$5.00/each

*International profile includes File Upload. One time set up/testing fee of $800 is applied if you require File Upload set up

HSBC Connect, SWIFT FileACT

HSBC Connect, SWIFT FileACT
Domestic
Set-up Fee	$800.00/project
Monthly Fee	$250.00/profile, mailbox or DN
Regional
Set-up Fee	$1,500.00/project
Monthly Fee	$250.00/profile, mailbox or DN
International
Set-up Fee	$3,500.00/project
Monthly Fee	$550.00/profile, mailbox or DN

Payment File Fees

Payment File Fees
Complex Integrate Files i.e. XML, PAYMUL, iFIle, etc.	$10.00/file
Standard / High Value Payment Files i.e. MT103, MT101, etc..	$5.00/file
Simple / Local Files i.e. domestic formats	No Charge

Treasury API Fees


API Setup – Applicable to all APIs under the Treasury API proposition
One Time Setup Fee	$3,500.00
Payment API – Applicable to Payments and Collections APIs
Monthly Fee	$550.00/per month
Account Information API – Applicable for Account Information APIs
Monthly Fee	$55.00/per account
API Access Fee – Tier based pricing based on the total number of API calls made across all API connections
1 to 5,000 API request / transaction	$50 / per month
5,001 to 10,000 API request / transaction	$75 / per month
10,001 to 50,000 API request / transaction	$200 / per month
50,001 to 200,000 API request / transaction	$300 / per month
200,001 to 500,000 API request / transaction	$500 / per month
500,001 to 1,000,000 API request / transaction	$1000 / per month
Above 1,000,000 API request / transaction	$2000 / per month

SWIFT FIN/Concentrator

SWIFT FIN/Concentrator
Set-up	$1,500.00/project
Monthly Fee	$250.00/BIC

Global Information Reporting (GIR) via SWIFTNet, HSBC Connect or HSBCnet (MT940, BAI2, XML, CSV, MT942)

Global Information Reporting (GIR) via SWIFTNet, HSBC Connect or HSBCnet (MT940, BAI2, XML, CSV, MT942)
End of Day Statements (up to 10 accounts)	$30.00/account
End of Day Statements (over 11 accounts)	$30.00/account
Intraday Statements	$55.00/account
Set-up Fee (up to 10 accounts)	$170.00/profile, mailbox, DN, or BIC
Set-up Fee (over 11 accounts)	$340.00/profile, mailbox, DN, or BIC

Account Services


Unauthorised overdraft	$20/item
Cheque image copy	$2.50/cheque
Returned cheque fee	$20.00/item
Inward dishonour for returned cheque	$25.00/item
Stop payment request	$15.00/cheque
Additional statement (monthly statement to an additional address)	$5.00/statement
Account statement reprint	$10.00/statement
Monthly dormant account fee (after 2 years of inactivity)	No Charge
Cash Management Account Monthly Maintenance Fee – Chequing and Savings Account	$15 per account, per month
Cheque Book (100 Cheques Per Book)	$55 per order
Cheque Processing Charges	$7.00 per cheque
Cheques purchased (at the discretion of HSBC Bermuda)	0.5% or minimum of $50.00/item*

Payment Services

Note: There is a 5 Business Day turnaround time (TAT) when ordering Drafts/Cashier Orders online through HSBCNet. The 5 Business Day TAT does not include weekends and holidays.

Incoming

Incoming
Incoming Domestic payments	No charge
Incoming International payments	$6.00/transaction

Outgoing Wires (non-BMD)

Outgoing Wires (non-BMD)
Request initiated via Electronic Channels	$25.00/transaction
Faxed or other instructions for Outgoing Wires	$150.00/transaction
Non receipt/amendment/cancellation on remitted payment	$50.00/transaction plus other banks charges

Outgoing Domestic Wires (BMD only)

Outgoing Domestic Wires (BMD only)
Request initiated via Electronic Channels	$7.00
Faxed or other instructions to a domestic bank	$75.00/transaction

Internal Payments (transfers between HSBC Bermuda accounts)

Internal Payments (transfers between HSBC Bermuda accounts)
Request initiated via Electronic Channels	No Charge
Faxed or other instructions for transfers between HSBC Bermuda accounts	$75.00/transaction

Demand Drafts (overseas clearing)

Demand Drafts (overseas clearing)
Request initiated via Electronic Channels	$25.00/item
Faxed or other instructions for Demand Drafts / Cashiers Orders	$100.00/item
Cancellations	$5.00/item
Stop Payments	$20.00/item
Mailing fee	$10.00/item

Cashiers Orders (local clearing)

Cashiers Orders (local clearing)
Request initiated via Electronic Channels	$25.00/item
Faxed or other instructions for Cashiers Orders	$100.00/item
Cancellations	$5.00/item
Stop Payments	$20.00/item
Mailing fee	$10.00/item

Standing Instructions

Standing Instructions
Set-up fee	$5.00/item
Internal payments (transfers between HSBC Bermuda accounts)	No charge
Outgoing domestic wires (BMD only)	$2.50/item
Outgoing wires, demand drafts or cashiers orders	$5.00/item plus transactional fee
Non-payment due to insufficient funds	$5.00/item
Amendments to standing instructions	$5.00/item

ACH Direct Credits

ACH Direct Credits
Requests for domestic payroll, dividend and creditor payments processing via Electronic Channels
Direct credit (ACH Credit)	$0.25/item
Payment tracing fee (per trace)	$5.00/item
Payment reversal fee	$15.00/item

ACH Direct Debits

ACH Direct Debits
Requests for domestic payment collection processing via Electronic
Direct credit (ACH Credit)	$0.25/item
Payment tracing fee (per trace)	$5.00/item
Payment reversal fee	$15.00/item

Special Handling Payment Requests

Special Handling Payment Requests
Requests initiated by client	$500.00/request minimum
Exception processing fee	$50.00/item
Call-back on manual wire instruction	$50.00/item

Coin and Note Handling


Local coin and note handling deposit	1.5% of amount handled above $200k per year
Local currency payroll preparation	1.5%/payroll

Effective September 1^st, 2026


Local coin and note handling deposit	2.5% of the total amount deposited (all currencies)

Deposit Bags

Deposit Bags
Banking cheque deposits, 100 bags	$20.00/order
Banking cash deposits, 100 bags	$60.00/order

* Business Credit Card


Annual fee	$60.00/card
Visa Business interest rate	18%
Late Fee	$35
Visa Business Rush Card	$35.00/card
International Transaction fee	0.6%/transaction
USD Denominated - The Business Credit Card is denominated in US dollars. Credit Card statements also reflect the FCPT (Foreign Currency Purchase Tax) of 1.25%, charged by the Bermuda Government (effective 1 APR 2019). This is reflected at the bottom of the Credit Card statement. **As of September 1 Link to Credit Card Agreement - https://www.business.hsbc.bm/en-gb/bm/generic/legal Link to Business Credit Card Fact sheet (301KB)

Other Services


Copy of SWIFT advice	$10.00/copy
Audit Confirmation	$50.00/item
Bank Reference	$35.00/item
Local courier fee	At prevailing rate
International courier fee	Prevailing rates plus $5.00 handling fee
Fax fee	$1.00/page
Dissolved company bank processing fee	$125.00
Research fee	$50.00/hour
PIPA Data Subject Access Fee	$200
TWIST Set-up - One time Set-up Fee	$50
TWIST Monthly Maintenance Fee	$10

Please note

Fees and charges listed in this guide are effective from the date printed on this guide and are subject to change. We will advise you of any changes to these fees either in writing or through advertisements no later than the day the variation takes effect.

Our charges are reviewed regularly to ensure that our products and services remain competitive.

The fees detailed in this guide do not include any additional charges other banks may levy.

Charges levied by overseas correspondents and intermediary banks will be passed on to you.

Where government fees, duties, charges and taxes apply, these are passed on to you.

All fees and charges are shown in Bermuda dollars (represented throughout as $) unless otherwise stated.

For foreign currency accounts, fees are converted from the Bermuda dollar equivalent at the prevailing rate.