Payment Cut-off times

Instructions sent/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 sent/received after the listed cut-off times will be processed the next working day
Instructions sent/received on non-working days (weekends, Bank holidays, etc.) will be processed on the next working day

Collection of Drafts is available at the Harbourview Branch, Ground Floor receptionist

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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
Incoming/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
Incoming/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.