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Is there a maximum deposit limit when opening new accounts in Personal Internet Banking?

April 26, 2017accounts deposit Internet Banking limit maximum opening

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Is there a maximum deposit limit when opening new accounts in Personal Internet Banking?

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Yes. New Bank of Bermuda Statement Savings, Personal Chequing and Call and Fixed Deposit accounts opened online that do not involve foreign exchange can be opened with a maximum deposit of $500,000 (where the amount to transfer is in the same currency as the amount to deposit). New account openings that require foreign exchange can be opened with a maximum deposit of BMD $250,000 or the currency equivalent.