Free directory of all 57 correspondent bank SWIFT/BIC codes registered in BERMUDA. Click any bank to view its full record and track an international SWIFT payment routed through it.
Bermuda is the world's premier offshore reinsurance and captive insurance centre, hosting over 1,400 (re)insurers including major names such as AIG, PartnerRe, and Axis Capital. Clarien Bank, Butterfield Bank (Bermuda HQ), and HSBC Bermuda are the primary SWIFT correspondents, routing massive insurance premium inflows, claims payments, and investment portfolio flows that dwarf Bermuda's tiny population. Hamilton is the de facto global reinsurance capital.
| RTGS / Settlement System | SWIFT (Bermuda Monetary Authority — BMA) |
|---|---|
| Currency | BMD — Bermudian Dollar (pegged 1:1 to USD) |
| Central Bank | Bermuda Monetary Authority (BMA) |
| Typical SWIFT Timing | 1–3 days (international SWIFT) |
Most international SWIFT wires arrive in Bermuda within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Bermuda processes large-value interbank settlements through SWIFT. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is BMD — Bermudian Dollar. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 57