Bermuda Credit Union

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Rates and Fees

Please note there have been no recent changes to Credit Union service fees.

Please pardon our progress as we work to review all current rates and fees and update this page for your convenience.

rates and fees

Account Service Charges & Fees

Member Account Opening Fee

$ 2.00

A one-time joining fee when a person becomes a member and opens an account at the Credit Union. This fee is separate from the permanent shares which all members are required to purchase.

In addition to the one-time account opening fee of $2.00, you will need to purchase your permanent shares, currently set at $50.00, and maintain a minimum account balance of $5.00. 

Total required: $57.00.

Third Party Transfer Fee

$ 6.00

A fee is charged for online transfers from a Credit Union account to an external financial institution. $1 of this fee is an unavoidable processing charge the Credit Union must pay for each transfer to another bank. The remaining $5 is the Credit Union’s convenience fee.

Cheque Request Fee

$ 3.50

A fee is charged to members when they request a cashier’s cheque from the Credit Union via in person, on the phone or email.

Interest Rates