Money and duty free for Bermuda
Currency and Money
Currency information
The official currency of Bermuda is the Bermuda Dollar (BMD; symbol BD$), which is divided into 100 cents. Banknotes are in denominations of BD$100, 50, 20, 10, 5, and 2. Coins are in denominations of BD$1, and 25, 10, 5, and 1 cents.
The Bermuda Dollar is pegged at par with the US Dollar (1 BMD = 1 USD), and both currencies are accepted interchangeably throughout the island.
Credit cards
Most hotels, restaurants, shops, and larger service providers accept Visa and Mastercard, with American Express also accepted in many places. However, smaller businesses, taxis, or guesthouses may prefer cash.
ATM
ATMs are widely available in Bermuda, particularly in Hamilton, St George's, and near major resorts or shopping areas. Machines dispense Bermuda Dollars (BMD).
Banking hours
Mon-Fri 09:00-16:00.
Currency restrictions
There are no restrictions on the import or export of local or foreign currency. However, travellers carrying more than BDA $10,000 (or its equivalent in foreign currency) in cash or negotiable instruments must declare the amount to Customs.
Currency exchange
Butterfield Bank and Clarien Bank offer foreign exchange services. However, most visitors bring US Dollars, which are accepted everywhere and used interchangeably with Bermuda Dollars. As a result, exchanging money is usually unnecessary for most travellers.
Bermuda duty free
Overview
The following goods may be imported into Bermuda by persons over 18 years of age without incurring customs duty:
• 200 cigarettes and 50 cigars and 500g of tobacco.
• 1L of spirits and 1L of wine.
• Other goods to a value of BD$50 (visitors) or BD$200 (residents).
You may carry prescribed drugs on arrival provided they are for your own personal use, prescribed by your own doctor and in the original pharmacy packaging, bearing the prescription label and containing supplies only sufficient for your length of stay.
Banned Imports
Prohibited imports include illegal drugs and controlled substances, offensive weapons (including martial arts weapons, self-defence sprays, and stun guns), and indecent or obscene materials.
Restricted items include firearms, live animals, and certain plants and plant product.
