Money

Currency

The currency of Bermuda is the Bermuda dollar. There are 100 cents to the dollar. The Bermuda dollar is pegged to the US dollar on a 1-to-1 basis.

Both currencies are equally acceptable at all establishments. The US dollar is therefore the currency of choice since any remaining cash is exchangeable almost anywhere in the world; a situation which is not true for the Bermuda dollar.

Ensure you change all Bermuda currency, other than that required for novelty purposes, into US dollars before you leave Bermuda. There are no currency restrictions in force when leaving Bermuda.

When making purchases, change may be given in a combination of US and Bermudian currency.

Notes

Notes come in denominations of 2, 5, 10, 20, 50, and 100 Bermuda dollars. A set of newly designed notes was issued in March 2009 to mark the island’s 400th anniversary.

Value	Predominant Colour	Front Image	Reverse Image
$2	Turquoise	Bluebird	The Dockyard Clocktower (Clocktower Mall) and the Statue of Neptune (at the National Museum of Bermuda)
$5	Pink	Blue Marlin	Horseshoe Bay and Somerset Bridge
$10	Purple	Blue Angelfish	The Deliverance and Commissioner’s House (National Museum of Bermuda)
$20	Green	Whistling Frog	Gibbs Hill Lighthouse and St Mark’s Church
$50	Yellow	Longtail	St Peter's Church
$100	Red	Red Cardinal	House of Assembly

The redesign was the first since the Bermuda dollar was first issued in 1970. Unlike the previous notes, the designs are vertically orientated, not horizontally like the previous design and currencies such as the dollar, pound, and euro.

Controversially, the main images on the front of the new notes are those of local fauna and not of the Queen. Her image was significantly reduced in size and moved to a less prominent position at front left corner of each note.

The first issue also contained a significant error. The image of the longtail on the $50 note was that of a species not found in Bermuda. After complaints from the likes of David Wingate of the Bermuda Audubon Society, a new note with an image of the native species was issued in August 2012. The erroneous note could well become a valuable collector’s item in the future.

The $20 and $100 notes also received some criticism for featuring the whistling tree frog and the red cardinal, both introduced to the island by man. Bermuda’s national bird, the cahow, was overlooked.

The new notes feature important anti-counterfeiting features including a watermark of a hibiscus flower, an Optiks thread with a map of Bermuda and an image of a tuna, and a latent image of the note value. Optiks is anti-counterfeit technology devised by banknote printers De La Rue. The wide security thread is see-through, exposing the imagery on both sides of the note.

The old banknotes ceased to be legal tender on January 1 2014.

Coins

There are 1, 5, 10 and 25 cent coins, and also a 1 dollar coin.

Value	Front Image	Reverse Image
1 cent	Queen Elizabeth II	Wild Hog
5 cents	Queen Elizabeth II	Angelfish
10 cents	Queen Elizabeth II	Easter Lilies
25 cents	Queen Elizabeth II	Longtail
1 dollar	Queen Elizabeth II	Bermuda Fitted Dinghy

Bermuda Dollar Exchange Rate

The Bermuda dollar exchange rate is fixed at a rate of 1 BMD to 1 USD, very convenient for the island’s US visitors.

The exchange rate with currencies such as the euro, pound, and Canadian dollar fluctuates from day to day.

Current exchange rates for the Bermuda dollar with popular currencies are:

• Canada – 1 Canadian dollar (CAD) = 0.74 Bermuda Dollar (BMD)
• Eurozone – 1 euro (EUR) = 1.09 Bermuda Dollar (BMD)
• UK – 1 British pound (GBP) = 1.27 Bermuda Dollar (BMD)
• USA – 1 US dollar (USD) = 1 Bermuda Dollar (BMD)

These are live Bermuda dollar exchange rates. They were last updated on Monday 4th of December 2023 at 2:26 pm GMT.

ATMs

There are four locally licenced banks in Bermuda. Three of them (HSBC, Butterfield, and Clarien) operate retail banking divisions with a network of ATMs.

HSBC Bermuda ATMs

HSBC Bermuda has ATMs at various locations throughout Bermuda:

ATM Location	Parish	Town	Address
Lindo's Market	Devonshire		4 Watlington Road East
Crawl Hill Esso Tigermarket	Hamilton		122 North Shore Road
Rosewood Tucker's Point	Hamilton		60 Tucker's Point Drive
King Edward VII Memorial Hospital	Paget		7 Point Finger Road
Rural Hill Plaza - Ice Queen	Paget		130 South Road
Church Street Branch	Pembroke	Hamilton	64 Church Street
Compass Point Express Banking Centre	Pembroke	Hamilton	9 Bermudiana Road
Harbourview Centre	Pembroke	Hamilton	37 Front Street
Supermart	Pembroke	Hamilton	125 Front Street
Royal Naval Dockyard	Sandys		Cooperage Building, 4 Maritime Lane
Somerset Branch	Sandys		31 Mangrove Bay Road
Harrington Hundreds	Smith's		99 South Road
Port Royal Esso Service	Southampton		31 Middle Road
St George's Branch	St George's	St George	4 King's Square
LF Wade International Airport	St George's		3 Cahow Way
Esso Warwick Tigermarket	Warwick		66 Middle Road
Lindo's Family Foods	Warwick		128 Middle Road
RUBiS Warwick Gas Station	Warwick		72 South Road

In 2013 HSBC ATMs were removed from the Washington Mall, Esso City Tigermarket, and Collector’s Hill Esso Tigermarket. In 2011 ATMs were removed from Masters, Gorham’s, and the People’s Pharmacy.

Butterfield ATMs

ATMs operated by Butterfield can be found at the following locations:

ATM Location	Parish	Town	Address
RUBiS Causeway (adjacent to Grotto Bay)	Hamilton		15 Blue Hole Hill
Shelly Bay MarketPlace	Hamilton		110 North Shore Road
King Edward VII Memorial Hospital	Paget		7 Point Finger Road
Modern Mart	Paget		104 South Road
Rural Hill Plaza - Ice Queen	Paget		130 South Road
BIU Esso	Pembroke	Hamilton	22 Dundonald Street
Brown & Co	Pembroke	Hamilton	35 Front Street
Clarendon Pharmacy	Pembroke	Hamilton	31 Victoria Street
Hamilton Princess	Pembroke	Hamilton	76 Pitts Bay Road
Hamilton MarketPlace	Pembroke	Hamilton	42 Church Street
Head Office	Pembroke	Hamilton	65 Front Street
Reid Street Banking Centre	Pembroke	Hamilton	Reid Street
Rosebank Banking Centre	Pembroke	Hamilton	Bermudiana Road
Washington Mall	Pembroke	Hamilton	Reid Street
Gorham's	Pembroke		62 St John's Road
RUBiS East Broadway Service Station	Pembroke		East Broadway
Waterfront Banking Centre	Pembroke		90 Pitts Bay Road
Clocktower Mall	Sandys		Royal Naval Dockyard
Maxi Mart	Sandys		42 Middle Road
Somerset Banking Centre	Sandys		45 Mangrove Bay Road
Somerset MarketPlace	Sandys		48 Somerset Road
Collector's Hill Apothecary	Smith's		2 South Road
Fairmont Southampton	Southampton		101 South Road
Heron Bay MarketPlace	Southampton		227 Middle Road
St George's Banking Centre	St George's	St George	1 King's Square
LF Wade International Airport	St George's		3 Cahow Way

In 2011 Butterfield removed ATMs from the Bermuda College, Windsor Place in Hamilton, and RUBiS Terceira’s North Shore Service Station.

Clarien Bank ATMs

Clarien Bank (formerly Capital G) is the island’s newest bank. It has a small network of ATMs:

ATM Location	Parish	Town	Address
Clarien - Paget Branch	Paget		161 South Road
Clarien - Head Office	Pembroke	Hamilton	19 Reid Street
Gibbons Company	Pembroke	Hamilton	21 Reid Street
RUBiS Raynor’s Service Station	Southampton		217 Middle Road

Credit Cards

Major credit cards (Visa, MasterCard, and American Express) are accepted by nearly all shops, restaurants, and hotels.

Hog Money

When the first colonists arrived on the island there was no currency so they used tobacco, gold, and silver as a means of exchange. Hog money (also spelt hogge money) was Bermuda’s first currency and was sent over from England in 1616 with the second Governor, Daniel Tucker. They were crudely made with an image of a sailing ship on one side and a hog on the other.

Unlike most coins of the time, they were made of base metal and had little intrinsic value. Despite their introduction, the colonists continued to use tobacco and precious metals to barter, and they were soon discontinued.

Today the coins are extremely rare. A few of those still in existence can be seen are held at Commissioner’s House at the National Museum of Bermuda.