Bermuda.com - Business


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Banking

Banking Services in Bermuda

Bermuda banking has enjoyed a long and successful history. Started more than 100 years ago to service local businesses, Bermuda banking companies now reach out to every corner of the globe with investment management, trust management and administration services. The banks are technologically advanced with on-line banking and international bill payment. Our banks offer everything you might expect of a sophisticated financial institution - credit and debit cards, investment services, 24-hour ATM facilities, real-time online banking, loans and financial advice.

The Bermuda dollar equals the US dollar and American money is accepted everywhere on the island. No other currency is accepted, but can be exchanged by local banks at market rates. Credit cards are accepted at most retail outlets and there are ATM cash machines around the island.


Bank of Bermuda
	Bank of Bermuda is a leading financial services company providing a comprehensive range of fund administration, trust, custody, asset management and banking services to institutions and individuals. Founded in 1889, the group grew to span 17 of the world’s key financial and offshore centres prior to joining the HSBC Group’s network in February 2004. Strongly positioned as a specialist in niche markets, the Bank’s clients include high net worth individuals and families with cross-border wealth management needs, alternative investment vehicles, and offshore multi-national corporations. In serving these clients, the Bank focuses on combining technical expertise with a deep understanding of clients’ needs to offer the customised financial solutions that set it apart from larger, commodity-type service providers.


Capital G Bank Limited
	CAPITAL G Bank Limited has more than 70 years of banking and lending experience in Bermuda, stemming from its beginnings as Gibbons Deposit Company. In October 2001, the deposit company obtained a full banking license and became CAPITAL G Bank Limited, today remaining privately held. CAPITAL G Bank Limited offers Savings, Deposits, CDs, Private Banking, Lending options and internationally accepted credit and debit cards under MasterCard and Visa. The Bank is also is a full member of SWIFT to offer wire payment transactions in many different currencies.