Booking centre
Bermuda
The rules behind every bank page in Bermuda: who licenses banks, what happens to custody assets and deposits if a bank fails, how enforcement decisions are published, and what is shared with tax authorities abroad.
Ranking
Banks rated in Bermuda
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The framework
Licensing, protection and disclosure in Bermuda
Each point links to the source it was checked against on the review date.
Regulator and licensing lawBanks and Deposit Companies Act 1999.
Deposit protectionBermuda Deposit Insurance Scheme, run by Bermuda Deposit Insurance Corporation (BDIC). Cover: BD$25,000 per insured depositor per Scheme Member, regardless of number of accounts. Currency: Bermuda dollar only; deposits in any other currency are excluded. What is covered: Bermuda Dollar savings, fixed deposit, current (chequing) and credit union share accounts held by individuals, joint holders, sole proprietorships, partnerships, unincorporated associations, registered charities and BEDC-registered small businesses. Excluded: deposits at overseas subsidiaries or branches, deposits pledged as collateral. Payout: No number of days stated. Source
Custody assets in insolvencyRests on trust law and the custody contract; no statutory provision located.
Size of the banking sectorBDIC lists four banks and one credit union as Scheme members. Source
State guaranteesNone identified.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Ratings signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology version 2.3Corrections [email protected]