HSBC Bermuda hiking fees
A 200 per cent increase in the monthly maintenance fee for statement savings accounts, is among a range of fee increases announced by HSBC Bank Bermuda Ltd.
The new fees are effective from July 1, and affect savings accounts, local and overseas payments, cheque cashing for non-HSBC customers, credit card annual fees and late payments, and annual rental fees for safe deposit boxes.
The increases, announced in an e-mail to customers, are:
• monthly maintenance fee for statement savings accounts rise from $1 to $3;
• cashier’s cheques for local payments ordered manually from $75 to $100, a 33 per cent increase;
• drafts for overseas payments ordered manually from $100 to $125, a 25 per cent rise;
• outgoing wires for overseas payments ordered manually on bank stationery from $100 to $125;
• cheque cashing fee for non-HSBC customers from $30 to $35;
• BermudaCard with MasterCard annual fee from $35 to $60, a 71 per cent increase;
• HSBC Advance MasterCard annual fee from $50 to $75, a 50 per cent increase;
• Visa Classic annual fee from $60 to $85, a 41 per cent rise;
• Visa Gold annual fee from $75 to $100, a 33 per cent increase;
• Credit card late payment from $40 to $50;
Safe deposit box annual rental fees have also increased as follows: box type 1, $41.25 to $53.50; type 2, $62 to $80.50; types 3 and 4, $103 to $134; type 5, $196 to $255; types 6 and 7, $216.50 to $281.50; type 8, $350.75 to $456; type 9, $412.50 to $536.25; type 10, $464 to $603.
The statement savings account monthly maintenance fee does not apply to Premier customers or seniors, provided the senior account holder maintains a $100 average minimum balance, the bank said.
The charges for cashier’s cheques ordered manually and drafts ordered manually do not apply to seniors.
Pettingill in contempt of court
Bermudian woman missing in Toronto
Caines approves permit for Buju
Eve’s moves and marks 25 years of sexy sales
No comment on civil servant’s status
Duperreault and Greenberg top pay rankings
DeSilva: Project Ride for all new motorists
Armed robbery at Belvin’s in Flatts
Bankrupt lawyer determined to practise again
Crown: shooting victim stalked
Larry Woolgar (1952-2019)
Neptune refitted to create The Media Lounge
Buju’s ‘long walk’ reaches Bermuda
Police renew witness appeal in Dill murder
Art has no plans to retire
Salford on lookout for local talent
Take Our Poll