Bermuda entities are disproportionately used for (re)insurance vehicles, captive structures, and holding companies sitting above US-facing operating businesses or portfolio companies. That audience needs USD banking that behaves like reliable infrastructure — clean documentation requirements, dependable wires, and fast turnaround so premium flows, claims payments, and distributions aren't held up by banking friction. Hollis & Co, through its partnership with Column N.A., gives BMA-regulated Bermuda Exempted Companies and Exempted LLCs a same-to-next-business-day path to a fully functional USD account — Fedwire, SWIFT, and ACH rails, without needing to set up a Delaware entity first.
Entity Types
Review Time
Required Documents
Fees
Application fee
$50
Setup fee
$700
Annual fee
$750
Domestic wire
$20
SWIFT wire
$30
FX spread
+0.75%
Incoming wires
Free
The application fee is non-refundable. Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.