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Transaction Deadlines and Fees


Deadlines may vary before a Bermuda holiday. Please watch for Butterfield Online announcements and contact the Bank for specific details.

 


All times are local Bermuda time (GMT - 4).

All fees quoted in BMD.

 

Please ensure that there are sufficient funds in your account one (1) business day (before 3:00 p.m.) prior to executing all transactions.

 
 
 

 Transaction Deadlines and Fees

 
Transaction
Type
CurrencyDaily Cut Off
Time*
Transaction
Fee ($BMD)
Recurring/Future-
Dated Fee ($BMD)
Important
Notes
Draft & Managers Cheques funded from Mutual FundsALL10.30 a.m.20.002.00Drafts & Mgr cheques performed after the cut off time* will not be processed until the next Business day. (Subject to Volume)
Drafts and Managers Cheques funded from Call, Checking and Savings AccountsALLCorporate: Mon-Fri 2.30pm
Sml Business /Personal:Mon-Thu 1.30pm Fri–2.30pm
20.002.00Drafts & Mgr cheques performed after the cut off time* will not be processed until the next Business day. (Subject to Volume)
Transfer FundsALL3:00 p.m.0.000.50Transactions performed after the cut off time (3:00 PM) will not be processed until the next Business day.
Bulk PaymentsALL3:00 p.m.0.250.50Transactions performed after the cut off time (3:00 PM) will not be processed until the next Business day.
Third Party PaymentsALL3:00 p.m.0.250.50Transactions performed after the cut off time (3:00 PM) will not be processed until the next Business day.
EDI PaymentsALL3:00 p.m.0.20n/aTransactions performed after the cut off time (3:00 PM) will not be processed until the next Business day.
Wires (IMT)CAD11:30 a.m.20.002.00Transactions performed before 11.30 AM will be processed with value on the same day. Transactions performed after the cut off time (11.30 AM) will not be processed until the next business day.
Wires (IMT)USD12:30 p.m.15.002.00Transactions performed before 12:30 PM will be processed with value on the same day. Transactions performed after the cut off time (12:30 PM) will not be processed until the next business day.
Wires (IMT)GBP3:00 p.m.13.002.00Transactions performed before 3:00 PM will be processed with value on the next business day. Transactions performed after the cut off time (3:00 PM) will not be processed until the next business day plus 1 day.
Wires (IMT)EUR3:00 p.m.16.002.00Transactions performed before 3:00 PM will be processed with value on the next business day. Transactions performed after the cut off time (3:00 PM) will not be processed until the next business day plus 1 day.
Wires (IMT)Other3:00 p.m.equivalent 15.002.00Transactions performed before 3:00 PM will be processed with value on the next 2 business days. Transactions performed after the cut off time (3:00 PM) will not be processed until the next business day plus 2 days.
Local Bank WiresBMD/USD11:00 a.m.5.002.00Transactions performed before 11:00 AM will be processed with value on the same day. Transactions performed after the cut off time (11:00 AM) will not be processed until the next business day.
Local Bank WiresCAD11:00 a.m.6.002.00Transactions performed before 11:00 AM will be processed with value on the same day. Transactions performed after the cut off time (11:00 AM) will not be processed until the next business day.
Local Bank WiresGBP11:00 a.m.4.002.00Transactions performed before 11:00 AM will be processed with value on the next business day. Transactions performed after the cut off time (11:00 AM) will not be processed until the next business day plus 1 day.
Money MarketUSD10:30 a.m.see transaction typesee transaction typeTransactions performed after the cut off time 10:30 a.m. will not be processed until the next business day.
Money MarketCAD10:30 a.m.see transaction typesee transaction typeTransactions performed after the cut off time 10:30 a.m. will not be processed until the next business day.
Money MarketGBP10:30 a.m.see transaction typesee transaction typeTransactions performed after the cut off time 10:30 a.m. will not be processed until the next business day plus 1 day.
Butterfield US Dollar Bond FundUSDWednesday 5 p.m.see transaction typesee transaction typeTransactions performed after the cut off time of Wednesday 5:00 PM will not be processed until Thursday of the following week.
Butterfield Bermuda FundBMDWednesday 5 p.m.see transaction typesee transaction typeTransactions performed after the cut off time of Wednesday 5:00 PM will not be processed until Thursday of the following week.
Butterfield Select Fund Equity ClassUSDThursday 5 p.m.see transaction typesee transaction typeTransactions performed after the cut off time of Thursday 5:00 PM will not be processed until Friday of the following week.
Butterfield Select Fund Fixed Income ClassUSDThursday 5 p.m.see transaction typesee transaction typeTransactions performed after the cut off time of Thursday 5:00 PM will not be processed until Friday of the following week.
Butterfield Select Alternative Investment ClassUSDThursday 5 p.m.see transaction typesee transaction typeTransactions performed after the cut off time of Thursday 5:00 PM will not be processed until Friday of the following week.
Bill PaymentsALL3:00 p.m.
0.000.25Bill payments to a Bermuda Merchant or a payment to a BNTB Credit Card performed after the cut off time (3:00 PM) will not be processed until the next Business day.
Credit Card Payments ALL
3:00 p.m.
0.000.00Bill payments to a Bermuda Merchant or a payment to a BNTB Credit Card performed after the cut off time (3:00 PM) will not be processed until the next Business day.
 

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