Please be advised that the Bermuda Commercial Bank Group of Companies will be closed for the Good Friday Public Holiday on Friday April 19th, 2019. We will resume normal business hours on Monday April 22nd, 2019. Please note that payments originated through our eBanking system after the Bank’s regular ‘cut-off’ times will be processed on Monday April 22nd, 2019.
Effective April 1st, 2019, the Foreign Currency Purchase Tax (FCPT) will increase from 1.00% to 1.25%. Bermuda Commercial Bank is required to collect FCPT under mandate of Bermuda Law. The increase in FCPT will impact all foreign currency transactions as they do today and apply to banking, and credit card transactions. Please note where the value date for transactions that occur over the weekend is April 1st, the increased FCPT will apply to those transactions when processed.
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Bermuda Commercial Bank is focused on growing its business in international markets through our investments in infrastructure and commitment to high quality service and products.