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Payment Instructions

General instructions for international payments to banks in BERMUDA:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address).Central Bank: For additional information, please refer to www.bma.bm.Payment Formatting Rules for BMD:Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.Beneficiary Customer (SWIFT MT103 ... F59): Include account number, full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBMxx or xxxxBMxxxxx.Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. Read more

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from CREDIT SUISSE LIFE (BERMUDA) LTD, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.