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BMD – Bermudian Dollar

Overview

The payment processing of this currency is considered to be relatively standardised.

Currency guidelines

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Payments in BMD toward Bermuda

Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) and the full address of the beneficiary are mandatory (P.O. boxes are not accepted).

Payments in BMD outside Bermuda

Standard information

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge option: OUR/SHA/BEN

• Monetary authority of Bermuda: http://www.bma.bm/SitePages/Home.aspx