HSBC Raising Various Fees Effective July 1st

May 14, 2019

HSBC Bank Bermuda is advising that effective on Monday, July 1st they will be making various fee adjustments.

In an email sent to customers, the Bank said, “At HSBC, we recognize the importance of keeping you informed when it comes to your banking; notifying you about upcoming fee changes is an important part of this.

“Please be advised that effective 1 July 2019, we will be making fee adjustments to the following fees for Retail customers:

  • Statement Savings Monthly Maintenance Fee
  • Cashier’s Cheques ordered in branch
  • Foreign Drafts ordered in branch
  • Wires ordered in branch
  • Credit Card Annual Fees
  • Credit Card Late Payment Fee
  • Safe Deposit Box Annual Rental Fees

“Please visit to learn more or visit one of our branches for a copy of the 2019 Fee and Charges Comparison Guide.

“Want to minimize your bank fees? Take advantage of our Personal Internet Banking platform and Mobile Banking app to reduce some of your service costs, including:

  • Processing wires online
  • Ordering drafts online
  • Receiving e-statements”

The 2019 Fees and Charges Comparison Guide from HSBC’s website [PDF here]


*This fee change does not apply to Premier customers and Seniors, if Seniors maintain a $100 average minimum balance, otherwise will be charged monthly.

**This fee increase does not apply to Seniors.

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Comments (5)

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  1. mixitup says:

    We need more banking options!

  2. Toodle-oo says:

    The unmittaged gall to charge for a savings account not to mention the hiking of the other fees. Unquestionable the worst bank in Bermuda.

  3. Leisha says:

    Wow! I’m going to have to start burying my money, it’s free no fees!

  4. Makes no sense says:

    Well looks like I will be closing my credit card accounts and taking my money out!

  5. Real Deal says:

    $3 now the interest dose not cover the fees not like it ever did but now time for bit coin