Butterfield fast-tracks digital nomads account process – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Butterfield fast-tracks digital nomads account process

International remote workers approved to live in Bermuda for a year under a government programme will be able to open a bank account with Butterfield before they an address on the island.

Butterfield said the “expedited customer onboarding” for Work from Bermuda Certificate holders would help to ensure that digital nomads could have access to their funds from overseas immediately in order to pay on-island expenses.

Michael Neff, managing director of Butterfield's Bermuda operations said: “Due to the Government's swift five-business-day turnaround for the application process, it is unlikely that an approved individual will have secured a valid Bermuda address verification document when applying for a new Butterfield account.

“The bank has responded quickly to support the government's initiative and ensure that remote workers have access to their overseas funds as soon as possible, allowing them to secure rental accommodation and transportation, and purchase food and supplies on arrival.

“New customers holding Work from Bermuda Certificates can be onboarded without valid address verification on an exception basis, under the condition that the verification document is provided to Butterfield within three months of the onboarding approval date.”

Documentation required includes an account application form, a Work from Bermuda Certificate, a certified copy of passport, source of funds/source of wealth documentation, and a declaration of tax status and a W-9 for US citizens.

For more information, contact Butterfield on 441-295-1111 or visit the Moving to Bermuda page on the bank's website at www.butterfield

Remote worker accounts: Michael Neff of Butterfield Bank

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Published September 04, 2020 at 9:00 am (Updated September 04, 2020 at 9:53 am)

Butterfield fast-tracks digital nomads account process

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