HSBC: Tips For Saving On Your Banking Fees

September 28, 2015

[Advice column by HSBC Bermuda]

How can I save on the bank fees that I pay?

It really depends on what type of banking you are doing. But, typically it is cheaper to bank via Internet Banking instead of in a branch when doing specific financial transactions [such as requesting bank cheques or making money transfers].

Here are a few examples of where you can reduce your costs:

  • Save $40 per cashier’s order [Bank cheque for local use]
  • Save $60 per draft [Bank cheque for overseas use]
  • Save $60 per international money transfer
  • Save $50 on transfers between local banks

Banks often provide additional incentives to encourage online activity. For example, you can sometimes apply for products on your bank’s website and receive a financial incentive, such as reduced processing fees. These can vary, but it may mean up to $200 in savings on some credit requests.

At the end of the day, banking via internet or mobile banking saves you time – and time is money!

To learn more about internet banking and other ways to bank visit

Issued by HSBC Bank Bermuda Limited which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority

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