Banking Services
As your trusted advisor of choice, we understand the complexities of wealth management. Our portfolio of services allow you to manage your money, your way.
From the practical reliability of a traditional chequing account to a diverse range of savings solutions, Clarien’s portfolio of Banking Services is available to support your wealth management needs.
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Please select from the following solutions for additional information.
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Chequing and Savings Accounts
Enjoy a wide selection of Chequing and Savings Account products and services for deposit and withdrawals flexibility, cheque book ordering and online account access through Clarien iBank. Let Clarien provide convenient, comprehensive and integrated chequing and savings solutions with superior client services and leading banking capabilities.
Clarien VISA® Credit Card
With a Clarien VISA® Credit Card, you can expect instant recognition, special privileges and personalised services wherever you shop or travel.
Available in Bermuda or US Dollars, Clarien VISA® Credit Cards are accepted globally and feature enhanced EMV and Chip security and payment options to make your purchases easier and safer, whether you’re buying online, on Front Street, on business or on vacation.
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You’ll enjoy 24/7 client service and earn Cash Back or exclusive VISA® Rewards Points with every dollar you spend. Claim your VISA® Rewards for:
- • Flights on any major airline, including British Airways, American Airlines, Delta, JetBlue, Emirates and Lufthansa
- • Hotel accommodation around the world, including the VISA® Luxury Hotel Collection
- • Car rentals wherever you travel
With a Clarien VISA® Credit Card, you can expect instant recognition, special privileges and personalised services wherever you shop or travel.
Please use the button below to access your account.
Clarien VISA® Infinite
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Annual fee: $150 | Bespoke limits to correspond with your spending habits
- • VISA® Rewards (1.2 points for every dollar spent or 0.5% cash back)
- • Travel accident insurance ($1.5m)
- • Auto rental insurance (worldwide)
- • International emergency medical services
- • Price protection ($4k)
- • Purchase protection ($10k per event/max $20k per yr)
- • Extended warranty ($5k per incident/max $25k per yr)
- • Baggage delay ($600)
- • Baggage loss ($3k)
- • Missed connections ($300)
- • Trip delay ($300)
- • Trip cancellation($3k)
- • Insured journey ($50k)
- • VISA® Concierge
- • Priority Pass (access to more than 850 VIP lounges in airports worldwide)
- • VISA® Luxury Hotel Collection
Clarien MasterCard® Debit Card
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With a Clarien MasterCard® Debit Card, you can count on enhanced MasterCard® technology and security to protect your purchases online and worldwide. Experience a higher level of convenience and control with a suite of premier benefits and access to exceptional MasterCard® services. The Clarien MasterCard® debit card provides sophisticated tools that monitor, detect and fight fraud at every step of the purchasing process. |
Advanced EMV/Chip Technology
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- • You will be able to enjoy improved security with an EMV-compliant chip card
- • Your card information is stored in the EMV-compliant chip, making extraction of card information by fraud syndicates more difficult compared to the existing cards
- • This new technology can reduce the chances of your card information being cloned and used by fraud syndicates for fraudulent transactions
- • See more details on usage under FAQ
Tap & Pay
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- • Tap & Pay enhances the purchase experience by providing speed and convenience for cardholders with signature not required in most cases
- • Ease of use as the card never leaves your hand at the checkout register
- • No need to carry idle cash for small volume purchases
- • Added functionality with no additional cost
Greater Security
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- • The additional protection of MasterCard® SecureCode provides peace of mind when shopping online
- • Added functionality with no additional cost
- • Registration will be available upon card receipt
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To further increase fraud protection of Clarien VISA® and MasterCard® transactions, Clarien has partnered with Cardinal Commerce to implement VISA® Consumer Authentication Services, or VCAS. Clarien is the first issuer in Bermuda to implement VCAS for VISA® customers.
VCAS authenticates the consumer prior to the authorisation process, adding a powerful layer of protection against fraud. As the consumer begins the checkout process, the solution performs a real-time risk assessment of the transaction based on numerous inputs, including device and transaction information and historical spending patterns. The result is that lower-risk transactions can be completed without requiring consumers to go through the extra step of entering their passwords or other verification. The solution minimises disruption and abandonment at the point of purchase, while also helping issuers and merchants reduce fraud losses.
VCAS incorporates enhanced fraud use protection through risk-based authentication, allowing clients to shop confidently online using Clarien VISA® and MasterCard®.
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Product Benefits:
- • Sophisticated risk-based authentication. Visa Consumer Authentication Service’s risk-scoring model takes into account enhanced inputs, including critical information about the device, transaction information and spending profiles. This data will enhance the card issuers’ decision-making ability to identify potential fraud and prompt for verification only when necessary.
- • Dynamic methods of authentication. Visa Consumer Authentication Service supports a wide range of account holder authentication methods. This means higher-risk transactions may be verified by the card issuer in a variety of ways, including more secure, dynamic methods such as one-time passwords or hardware tokens.
- • Support for mobile. Visa Consumer Authentication Service can be integrated to function through a range of devices, including mobile phones and tablets, to ensure consumers have a secure, efficient and reliable payment experience when shopping through another channel beyond the PC.
- • Rules for strategy refinement. Visa Consumer Authentication Service provides card issuers with the tools to write additional rules to further refine risk decision capabilities.
EMV
EMV stands for Europay®, MasterCard®, and Visa®. It is the global standard for chip-based transactions. It is a joint effort between Europay®, MasterCard® and Visa® to ensure security and global acceptance so that MasterCard® and Visa® Cards can continue to be used everywhere.
What is a Chip Card?
A chip card is a standard-size plastic card that contains an embedded microchip as well as the traditional magnetic stripe. The chip encrypts information to increase data security when making transactions at a chip-enabled terminal.
Can I use the EMV-compliant chip card overseas?
Yes, you can use this Card for overseas transactions. In Europe and Canada you will especially see merchant acceptance using a small device with a keypad, a screen and a slot to insert your card. Upon successful completion of your transaction, you will be prompted to remove your card from the terminal and you will receive a confirmation receipt. Keep your receipt and check it against your statement later.
Can I use my card at kiosk/train stations?
Transactions at kiosk or train stations require real-time authentication. If terminals are not equipped to do so, you will need to see an attendant to have your card swiped by their online terminal.
How do I obtain a PIN to use with my new card?
Your new PIN can be obtained by following the instructions on the label affixed to the card when received. Please follow the prompts and remove the label when completed.
When can I start using my replacement card?
For added security, we recommend that you start using your replacement Card immediately upon receipt of it.
What should I do with my current card?
Upon receipt of your replacement card, please cut and dispose your current card.
MasterCard® Tap & Pay
MasterCard® Tap & Pay is a “contactless” feature included on all Clarien Bank MasterCard® cards for no added fee. It lets you pay for purchases at MasterCard® Tap & Pay – accepting locations without having to swipe your card and, in most instances, a signature is not required. It allows cardholders to make payments without having to hand over, dip or swipe a payment card. To make a payment, the cardholder simply taps their Tap & Pay card onto a Tap & Pay terminal. The details are read from the card over a contactless interface using radio frequency communications, and a transaction is performed over the existing MasterCard® payment networks and infrastructure.
How does MasterCard® Tap & Pay work?
In addition to a magnetic strip for traditional transaction processing, your new Clarien Bank MasterCard® card with Tap & Pay includes a small radio antenna. This antenna allows you to tap your card at MasterCard® Tap & Pay readers to pay for small purchases – typically under $25. Each merchant has its own maximum limits for Tap & Pay transactions and a signature may still be required in some instances. In the event that your Tap & Pay transaction cannot be completed, swipe your card to complete the transaction with a signature.
Is MasterCard® Tap & Pay secure?
Your Clarien Bank MasterCard with Tap & Pay features multiple layers of protection. Transactions continue to be safe and secure and, because the card does not leave your hand, you’re in control.
Are there transaction limits for using MasterCard® Tap & Pay?
MasterCard® Tap & Pay is designed for small purchases under $25. It´s fast, convenient and secure, and perfect for use at grocery stores, pharmacies, gas stations, fast food restaurants, convenience stores, coffee shops and vending machines. In the event that your Clarien Bank MasterCard® Tap & Pay transaction cannot be completed, swipe your card to complete the transaction, as you do today, with a signature.
How do I know if my card has the MasterCard® Tap & Pay feature?
All Clarien Bank MasterCard® cards contain the Tap & Pay feature. To be certain that your card does in fact contain the feature, look for one or both of the symbols on either the front of back of your card.
How will transactions appear on my statements?
Transactions are authorised, processed and billed in the same secure way as all debit transactions. Transactions will appear as a regular line item on your statement.
Can my card be charged by accident or multiple times?
Your Clarien MasterCard® card must be placed very close to a MasterCard® Tap & Pay reader to complete the transaction. Simply walking by a checkout that has a Tap & Pay reader will not cause your card to be charged. In addition, if your card is waved in front of a reader more than once, you will only be billed once.
Where can I “tap” my Clarien MasterCard® card with Tap & Pay?
Your Clarien MasterCard® can be used both on island and off island. There are over 50 locations locally and 32 million outlets worldwide.
MasterCard® SecureCode
MasterCard® SecureCode is added protection that keeps your transactions private. It utilises a private code for your MasterCard® account that gives you an additional layer of online shopping security.
How many online retailers Support SecureCode?
More than 350,000 online retailers support transactions made with SecureCode. Look for the logo when you’re providing your payment information. THE BEST WAY TO PAY ONLINE®.
How do I begin using MasterCard SecureCode?:
To register for MasterCard® SecureCode click here
Where can I use my card?
Anywhere an online merchant accepts MasterCard® SecureCode. These websites will accept MasterCard® but if your card is registered for SecureCode, you will be asked for your MasterCard® SecureCode password before you can complete your purchase.
To review MasterCard® SecureCode terms and conditions click here
Clarien iBank
Enjoy the freedom to bank whenever you want, wherever you are – Clarien iBank provides 24/7 access to your Clarien account from your desktop or on the go with the Clarien iBank Mobile app.
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Introducing Clarien iBank Mobile
Clarien iBank Mobile App
Clarien iBank Mobile gives you fast, secure fingertip access to all your accounts – right on your favourite mobile device. Download the Clarien iBank Mobile app for your Android or iOS smartphone and tablet from the Google Play Store or Apple iOS App Store and take control of your banking:
- • Pay bills, transfer between your own accounts
- • Transfer funds to other Clarien accounts, local banks or internationally
- • View Secure Messages
- • Use Hard or Soft security token for secure login and transactions.
Get started now with Clarien iBank Mobile!
Getting Started
- • You must be a registered iBank Client to enrol in iBank Mobile. To sign up, visit a Clarien Bank branch or call the Client Service Centre at +1 441 296 6969.
- • Sign onto your iBank profile from a desktop or web browser and enrol in Clarien iBank Mobile. Simply go to Self Management and select Enrol to Clarien iBank Mobile.
- • Download the Clarien iBank Mobile app from the Google Play Store or iOS App Store
- • In the Clarien iBank Mobile app enter your User Name, then click on Continue. Enter your Password and select Login.
Clarien iBank Soft Token
Clarien’s new Clarien iBank Soft Token option lets you verify all your iBank transactions quickly and securely via PIN and password without having to carry a hard token. If your device supports fingerprint authentication, you can use it rather than your PIN to log in and verify transactions.
Download the app for your Android or iOS device from the Google Play Store or Apple iOS App Store to get started.
Premium Certificate of Deposit
Choose your investment amount and your preferred term: from one month up to five years. Let Clarien lock your investment away at a fixed interest rate, compounded daily. CDs are available in Bermuda or U.S. Dollars (GBP, Euro and CAD CD rates are available upon request).
Cash Management
As a Clarien Private Banking client, choose from a complete range of convenient services to manage your cash requirements. We are pleased to offer these services at competitive rates for all clients and preferential rates for Private Wealth clients:
• Non-Balance Sheet products available through our Brokerage and Asset Management businesses.
• Call and term deposits. Take advantage of fluctuating daily interest rates for short-term call deposits, or use our set interest rates for term deposits up to 60 months.
• Interest-bearing chequing accounts. Earn monthly interest and use U.S. or Bermudian currency cheque books.
• Drafts and money transfers. Send funds to individuals and organisations securely.
• Foreign exchange. Convert currencies to simplify business and travel abroad.
• Multi-currency savings accounts and term deposits. Transact in multiple currencies from a single account.
• Multi-currency cheque clearing. Settle U.S., U.K. or E.U. currency cheques.
Residential Mortgages and Bespoke Lending Solutions
Finding the right home financial solution is a critical element of your wealth management. From purchasing a new home to refinancing an existing mortgage, we can help you develop a lending strategy that is appropriate for your financial future. Let our advisors help you incorporate our bespoke lending solutions into your financial management plan.
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