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

Lower fees when you bank online

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.