For a complete listing of Personal Fees (including fees for Small Business & Charities) click here
Fee, Charges and Interest Rate Schedule
Effective 1st November 2025
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
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
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
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)
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
|
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* |
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 Domestic payments | No charge |
Incoming International payments | $6.00/transaction |
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)
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)
Request initiated via Electronic Channels | No Charge |
Faxed or other instructions for transfers between HSBC Bermuda accounts | $75.00/transaction |
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)
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
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
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
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
Requests initiated by client | $500.00/request minimum |
Exception processing fee | $50.00/item |
Call-back on manual wire instruction | $50.00/item |
Local coin and note handling deposit | 2.5% of the total amount deposited (all currencies) |
Deposit Bags
Banking cheque deposits, 100 bags | $20.00/order |
Banking cash deposits, 100 bags | $60.00/order |
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 |
Bill Payments (Bill Payee) | Free |
HSBC to HSBC account transfer | Free |
Incoming local payments (BMD) | Free |
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 |
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.