Caribbean Tourism

BERMUDA: MONEY/ BUSINESS GUIDE

BANKS:

Bank of Bermuda Ltd. Bank of Butterfield Ltd. Bermuda Commercial Bank Ltd.


BANKING HOURS:

Bank of Bermuda Ltd.:

  • Monday 9:30 AM to 4:00 PM.
  • Tuesday - Thur: 8:30 AM - 4:00 PM.
  • Friday 8:30 AM - 4:30 PM.

Bank of Butterfield Ltd.:

  • Monday - Thur: 9:00 AM - 3:30 PM.
  • Friday 9:00 AM - 4:30 PM.
  • Saturday 10:00 AM - 3:00 PM.

Bermuda Commercial Bank Ltd:

  • Monday - Thur: 9:30 AM to 3:00 PM.
  • Friday 9:30 AM - 4:30 PM.

BUSINESS HOURS:

0900 - 1700 except Sundays and holidays. Most stores are open on Saturday.

PUBLIC HOLIDAYS:

  • September 2: Labour Day.
  • November 11: Remembrance Day.
  • December 25: Christmas Day.
  • December 26: Boxing Day.

BUSINESS DRESS:

Men wear jacket and tie, Bermuda shorts and knee length socks.

CURRENCY:

The Bermuda dollar is on par with U.S. dollar. Traveler's checks are accepted everywhere. Credit cards (i.e., MasterCard, Visa and American Express) are accepted at virtually every store, restaurant and hotel, and may be used for cash advances at all local bank branches. In addition, the Bank of Bermuda and the bank of Butterfield Ltd. provide ATMs located island-wide from Master Card, Visa, Cirrus and Plus cash advances, most of which are available 24 hours a day. Personal checks drawn on US banks may be used for purchases at over 200 establishments on the island. These include hotels, gas stations, liquor stores, restaurants and retail shops.

TAXES & SERVICE CHARGES:

  • Passenger Tax - Air Passengers $25 (those in direct transit and children under 2 years exempt), is included with the airfare and collected in advance along with the ticket.
  • Ship passengers $60 (children under 2 years exempt).
  • Hotel Occupancy Tax - 7.25%.
  • Hotel Service Charge/Gratuity - 15%.

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