What Our Members Offer
Deposits, Funds Access, and Transfers
Bermuda’s banks provide a full suite of deposit products from demand accounts to savings accounts, time deposits, and cash management products, with a full suite of funds transfer and remote access options.
Loans
Bermuda’s banks grant loans to qualified borrowers for consumer, commercial and other purposes. Real estate loans are subject to Loan to Value limits and there may be other requirements based on the type of loan and creditworthiness of the borrower.
Asset Management, Private Wealth, and Trust
Each of our members has specialized products and services to meet the needs of customers requiring this level of attention.
Branches, ATMs, and
Debit Cards
BBA members provide branch services in Hamilton, St. Georges and Somerset with an Island-wide network of ATMs and Point of Sale terminals where debit and credit cards can be used.
Our Mission Statement
The three-fold goal of Bermuda Bankers Association (BBA) involves our banking services and ongoing initiatives to:
- To further the development and preserve the good reputation of Bermuda as a first-tier international financial center;
- To foster and facilitate the use of digital resources to sustain banking services, to educate and train bank staff and to encourage and support the furtherance of industry-relevant education, such as mobile banking, investing, trust administration, ethical conduct, and fiduciary practices;
- To identify and champion the common interest of members in their relationships with the government, regulators, citizens, businesses, and professional associations in Bermuda.
Our Journal
The BBA Extends Hearty Holiday Greetings
From the members of the Bermuda Bankers Association May all of you find the…
BBA Member Updates to Banking Rate and Fee Disclosures
Please visit your bank’s website to see the new disclosures concerning rates and fees for…
Bermuda Government Launches Home Ownership Support Plan
While the BBA supports efforts to promote increased home ownership in Bermuda, the risk-controlled expansion…
Bermuda National Holiday for Queen Elizabeth’s Funeral — 19 Sep 2022
Governor declares a public holiday for the Queen’s funeral
The BBA Welcomes BMA Engagement on Conduct of Business
Craig Swan, the Authority’s Chief Executive Officer, stated, “This amendment of the BMA Act marks…
Comparative Bank Fees in U.S. market
As in any competitive market, a variety of fees and minimum balances are available and…
The BBA Supports Global Cooperation on developing a Digital Assets Framework for Banking
Fact Sheet_ Framework for International Engagement on Digital Assets _ U.S. Department of the Treasury
The BBA asks that all Bermuda Banking customers seek to protect against Elder Financial Exploitation
FinCEN Advisory Elder Financial Exploitation FINAL 508
Bermuda Licenses its first Digital Bank
https://www.royalgazette.com/banking/business/article/20220607/new-licence-issued-for-digital-bank/
BBA Webinar on Russian Sanctions
The BBA recently held a timely and informative webinar on Russian Sanctions compliance. You…
Bermuda at the Forefront of Global Privacy Regulation
https://www.royalgazette.com/international-business/business/article/20220509/privacy-chief-at-digital-trade-talks/
BBA Efforts to Enhance Comparison of Bank Rates and Fees
The BBA is undertaking an initiative to guide the banking community to information that will…
Instant Payments — Coming Up Fast
Instant Payments
Helpful tips on Factors Affecting your Credit
The five criteria of credit scoring are generally as follows: 40% is based on payment…
EMail Addresses to Report Phishing Attempts
The BBA is providing the following email addresses and encourages all bank customers to report…
Marquis Development Projects Require Sound Capital Structures
https://www.royalgazette.com/politics/news/article/20220325/190m-financing-in-place-for-fairmont-southampton/
Cyber Security Awareness Reminder #8 (last of this series)
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Cyber Security Awareness Reminder #7
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Cyber Security Awareness Reminder #6
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Cyber Security Awareness Reminder #5
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Cyber Security Awareness Reminder #4
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Cyber Security Awareness Reminder #3
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Cyber Security Awareness Reminder #2
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CISA Guidance on Cyber Security — Shields Up!
Cyber Shields Up!
Bermuda Fiscal Budget 2022-23
Budget 2022 23 Statement Please read closely and compare with the Report from the Fiscal…
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