Currency Exchange in Bermuda
Currency exchange in Bermuda is a day-to-day transaction in many banks which open on varied hours, usually weekdays from 9 am to 4:30pm, in exchange bureaus and in shops that can be found in touristy areas. Foreigners also have the option to use their credit cards such as Visa, Mastercard and American Express which are the three most widely accepted across the British territory.
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Security systems function perfectly when everyone is subjected to the same verification standards. This is what makes Currency Index favorable to individuals and businesses in Bermuda and the rest of the world. The company makes sure that payments they receive from third parties, on behalf of their clients, are legitimate and not for money laundering, thereby avoiding any compromise on the funds entrusted to them.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp is a leading currency exchange service provider authorized and regulated by the Financial Conduct Authority for the provision of payment services. It is a valuable financial partner for expats in Bermuda and in other parts of the world because it provides expert market guidance, it has bank-beating exchange rates, it is safe and secure, and it is rated 97% in customer satisfaction by feefo.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments