Tariffs and Conditions for Payment Services

Transcription

1 Tariffs and Conditions for Payment Services Effective as of 1 January 2016 ING Wholesale Banking ING Bank N.V., Hungary Branch

2 ING is one of the largest providers of financial products in Europe. ING offers Clients financial products in payment services, loans, mortgages and investments. In addition ING acts as an intermediary in insurances and pensions. ING Wholesale Banking is the new name for ING Commercial Banking from January 2016 onwards. We believe the new name represents the full scope of our offering in a better way. Our services, products and geographical spread remain unchanged. These Tariffs and Conditions for Payment Services are effective as of 1 January 2016 and applicable to the Payments Services offered by ING Bank N.V., Hungary Branch and applies to such clients, who have accepted these Tariffs and Conditions on or after such date. Rates offered in this brochure are subject to change. All fees shown in this brochure are exempt from VAT unless expressly stated otherwise. Exchange rates can be found via your local ING Office. ING Bank N.V. Hungary Branch with its registred office at Dózsa György út 84/B., 1068 Budapest. Registered at Metropolitan Court Reg. No The activities of ING Bank N.V., Hungary Branch are listed in the notification No /4/2208 issued by the Hungarian Financial Supervisory Authority. Tariffs and Conditions for Payment Services January

3 Tariffs Accounts Current account (in local or foreign currency) Opening HUF 0.00 Maintenance International Account Service HUF HUF Closing HUF 000 per month per month, per account For non-residents Savings & Deposits Overnight deposit account % 0.00 per annum EUR, USD, GBP and HUF Term deposit account % 0.00 per annum Interest rate via Financial Markets Minimum HUF amount to deposit: min. HUF 25,000,000, for one week and shorter period min HUF 50,000,000. Deposit placed on call account: O/N BUBOR -4.50% p.a., minimum amount HUF 1,000,000. Term deposit orders with special interest rate: minimum amount 100,000 or its currency equivalent. Channels InsideBusiness Payments CEE Subscription HUF per month, per Excl. VAT company Service Costs AdditionaI-Dentity card HUF per item Excl. VAT AddiotionaI-Dentity card reader HUF per item Excl. VAT Installation, training or repair HUF per occurrence Excl. VAT. On site PIN or password unblocking HUF per occurrence Excl. VAT Posting installation package via courier HUF - per occurrence Courier fee InsideBusiness Payments CEE Regional Site Subscription HUF per month, per company Excl. VAT Secure Services Subscription per year Incl. 4 I-Dentity cards and 1 group mailbox certificate Additional I-Dentity card per item Additional group mailbox certificate per item Implementation support per occurrence On site Other channels Paper payment delivery HUF per item HUF per order Via telefax with fax test key and signature Fax or HUF per page Within Hungary HUF per page Outside Hungary FX rates sent by fax or HUF per page Tariffs and Conditions for Payment Services January

4 Additional services and fees Inquiry about incomplete order to enable execution HUF per occurrence For Secure Services, Fax or E- mail Account, Balance and Transaction reporting Electronic reporting Intraday HUF 0.00 per month Intraday From third bank HUF - per month Subject to agreement Intraday To third bank HUF - per month Subject to agreement End of Day HUF 0.00 per month End of Day From third bank HUF - per month Subject to agreement End of Day To third bank 1.00 per message Paper account statements Paper statement Monthly HUF 0.00 per month Paper statement Daily HUF per month Paper statement additional copy HUF per month, per account Paper account replacement HUF per page When < 3 months HUF per page When 3 months Interest statement HUF per month, per account Monthly Financial Transaction Tax analytics HUF per item Credit transfer Domestic credit transfers Same day % 0.10 per transaction Min. HUF Real Time HUF per transaction Additional fee. Via VIBER ING In-house 0.00 per transaction Batch % 0.10 per batch Min. HUF Same day in batch % 0.01 per item Min. HUF Incoming HUF 0.00 per transaction International credit transfers Two days % 0.15 per transaction Min Same day per transaction Additional fee in case USD, HUF Intra-company per transaction Only to third banks Incoming 6.00 per transaction Euro Credit Transfer Real Time Euro Credit Transfer Real Time per transaction Additional fee on top of Next day Code word TREA, URGP or Priority HIGH SEPA Credit Transfer (single) 1 Next day per transaction Intra-company per transaction Next day Code word ÍNTC required Intra-company per transaction Additional fee on top of Intra-company Next day. Code word URGP and INTC required Tariffs and Conditions for Payment Services January

5 ING In-house per transaction Incoming 6.00 per transaction Credit transfer R-messages Revocation HUF per occurrence HUF - per occurrence Conversion payments. Depending upon the foreign exchange rate fluctuation Rejection HUF per occurrence Return HUF per occurrence Manual repair HUF per occurrence Also in case of missing IBAN or incorrect account number Cost option OUR charges per transaction Transfers upon the Order of Authority, resolutions for transfers and collections Electronic collections initiated by the Client of the Bank Paper-based collections initiated by the Client of the Bank (payable by the Client) Transfers upon the order of Authority, execution of collection orders received against an account kept at the Bank HUF per item Payable by the Client. Not subjected to Transaction Duty HUF 0.00 per item Transfers between accounts held with the Bank HUF per item On template, payable by the Client. Not subjected to Transaction Duty % 0.10 per item Min. HUF Additional services and fees Execution of payment order delivered to the Bank after the prescribed COT Handling, amendment and cancellation of authorizations Correspondence related to collections, transfers upon the Order of Authority and resolutions for transfer HUF per occurrence Upon client request HUF per item For collections on template HUF per item 1. Subject to individual agreement, please contact your local ING contact person 2. Payment Transaction between two accounts of entities within the same legal group of the Client and where one account is held with a third bank. 3. Payment Transaction between two accounts held at ING Hungary. Note: The total amount of fees to be paid on transfers set out in this chapter shall be the sum of the mentioned fees plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective Act CXVI of 2012 on the Transaction Duty (TD). Tariffs and Conditions for Payment Services January

6 Postal services Credit Electronic Postal transfer order % 0.10 Plus postal charges Credit Express Postal transfer order % 0.10 Plus postal charges Credit Paper Based Postal transfer order % 0.20 Min. HUF Plus postal charges Debit Electronic Postal payment order HUF Plus postal charges per item Debit Paper Based Postal payment order HUF Plus postal charges per item Additional services and fees Replacement of paper based Postal transfer order (credit items) HUF per item Note: The total amount of fees to be paid on transfers set out in this chapter shall be the sum of the mentioned fees plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective Act CXVI of 2012 on the Transaction Duty. Other Services Audit letter HUF per item Authorization letter on issuance of bank secret to a third party HUF per item As well as modification, cancellation of these Bank reference HUF per item Bank Information issuance HUF per item Standard HUF per item Detailed Copy of Court Registry HUF per item Standing Orders Set-up HUF 0.00 Only in IBP CEE Modification HUF per occurrence Inquiry and investigations HUF per occurrence Incomplete HUF orders. Execution of Recall orders HUF per occurrence Incomplete FCY orders HUF per occurrence Items older than 3 months Proof of payment HUF per occurrence Credit and/or debit Confirmation HUF per occurrence Urgent HUF per occurrence Of orders with inadequate signature HUF per occurrence Of items older than three months HUF per occurrence Of banking signatories Cancellation of confirmation request HUF per occurrence Cover note, equity capital confirmation HUF per occurrence Share capital increase, reduction SWIFT message copy HUF per page Additional SWIFT messages per message Provision of data sheet HUF per item For preferential customs contingent application Loan Administration related confirmation HUF per item Outstanding loans, interest or principal payable notification, repaid interest, etc. HUF per item For items older than 3 months Photocopies HUF per page Pledge transactions with confirmation HUF per transaction Minimum fee. Subject to agreement Safekeeping of amounts HUF per month HUF per month After 6 months unsuccessful trial of identification Tariffs and Conditions for Payment Services January

7 Reopening of closed account with HUF negative balance Courier fee HUF In Budapest HUF On countryside Remote Initiation Services Set-up HUF Remote Initiation Services Maintenance HUF per account, per month Direct Debit Domestic Direct Debit (credit to the account) Service fee % 0.01 per transaction Min. HUF Upon crediting Batch HUF 0.00 per batch Transaction HUF per item Payable at instruction ING In-house HUF 0.00 per item Domestic Direct Debit (debit to the account) Transaction % 0.10 per transaction Min. HUF Domestic Direct Debit R-messages Refusal HUF per occurrence Refund HUF per occurrence Reversal HUF per occurrence Revocation HUF per batch Additional services and fees Unjustified request for refund HUF per occurrence Mandate copy HUF per copy Handling, amendment and cancellation of HUF per batch authorizations for multiple collections in the provided forms Correspondence related to multiple collections HUF per occurrence The total amount of fees to be paid on transfers set out in this chapter shall be the sum of the mentioned fees plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective Act CXVI of 2012 on the Transaction Duty. Cash Management Domestic Cash Balancing Set-up HUF Intraday and End of Day Maintenance HUF per month, per account Domestic Balance Set-off, Domestic Interest Set-off and Multi Bank Funding and Sweeping ING Bank provides Domestic Cash Management to its clients, the fees and commissions are subject to agreement. International Cash Management The fees and commissions for International Cash Management are subject to separate agreements. Tariffs and Conditions for Payment Services January

8 Cards Corporate Cards¹ Corporate Card, corporate pay per year Emergency provision per card Purchases In EUR 0.00 per transaction Purchases In non-eur 0.00 per transaction Plus 0.50% foreign exchange fee² Cash advance From ATM in EUR 4.50 per transaction Cash advance From ATM in non-eur 4.50 per transaction Plus 0.50% foreign exchange fee² Cash advance Via counter in EUR % 3.00 per transaction Min Cash advance Via counter in non-eur % 3.00 per transaction Min Plus 0.50% foreign exchange fee² Additional services and fees Late payment charge % 1.50 of the outstanding balance Paper-based account statement 0.00 per statement Copy of paper-based account statement 8.00 per statement Including VAT ING Corporate Card Solution The fees and commissions for other additional services (e.g. like extended SmartData reporting) are subject to separate agreement. Information about ING Corporate Card Solution can be found at ING Purchase Control The fees and commissions are subject to separate agreement. Information about ING Purchase Control can be found at 1. The corporate card product is offered by ING Bank N.V., registered office Amsterdam, Trade Register no , Chamber of Commerce Amsterdam, The Netherlands. 2. The foreign exchange fee is incorporated in the amount of the transaction. The currency conversion rates are published at Cash Withdrawal coins Local currency Via CIT % 2.00 of the amount First 100 pieces for free. Min. HUF Local currency Via counter % 0.20 of the amount 100 pieces. Min. HUF % 2.00 of the amount > 100 pieces. Min. HUF Withdrawal notes Local currency Via CIT % 0.20 of the amount Min. HUF Price of transit subject to agreement Local currency Via counter % 0.20 of the amount² Min. HUF Foreign currency Via CIT % 1.00 of the amount Min Price of transit subject to agreement Foreign currency Via counter % 1.00 of the amount Min Via ING ATM or third bank 4.50 per transaction Deposit coins Local currency Via CIT¹ % 2.00 of the amount First 100 pieces for free. Min. HUF Local currency Via counter¹ % 2.00 of the amount First 25 pieces for free. Min. HUF Foreign currency Via CIT¹ % of the amount First 25 pieces free of charge Foreign currency Via counter¹ % of the amount First 25 pieces free of charge Tariffs and Conditions for Payment Services January

9 Deposit notes Local currency Via CIT % 0.03 of the amount Min. HUF Local currency Via counter % 0.05 of the amount Min. HUF Foreign currency Via CIT % 0.30 of the amount Min Foreign currency Via counter % 0.30 of the amount Min Additional services and fees Bulk cash deposit In HUF % 0.05 of the amount Min. HUF Bulk cash deposit In FCY % 0.50 of the amount Min Bulk cash withdrawal In HUF % 0.20 of the amount Min. HUF Bulk cash withdrawal In FCY % 1.00 of the amount Min Withdrawal of a large sum of cash without prior notice HUF per transaction In addition to the relevant withdrawal fee. Also in case of no-show or cancellation. Cash collection and delivery HUF - Subject to agreement Cash denomination change % 0.00 of the amount 50 notes and/or coins % 2.00 of the amount > 50 pieces of notes % 5.00 of the amount > 50 pieces of coins Acceptance of foreign bank notes officially withdrawn from circulation % of the face value Acceptance of damaged, dirty foreign banknotes % of the face value - accepted only for collection Deposit on third party account - per transaction Minutes drawn upon differences found HUF per document with bulk cash deposits The Bank takes these items up to two months prior to the officially stated last day of exchange When > 80% of the original size When > 51% and < 80% of the original size Standard withdrawal and deposit prices Note: The total amount of fees to be paid on transfers set out in this chapter shall be the sum of the below mentioned fees plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective Act CXVI of 2012 on the Transaction Duty. 1. additional fee to deposit notes in local currency via CIT 2. additional fee to withdrawal notes in local currency via branch counter Documentary Payments Clean collections Clean collection (cheques, bills, acceptances, etc.) % 0.30 Min ¹ Documentary collection % 0.25 Min ¹ Cancellation / delivery of documents free of payments % 0.25 Min Release of goods sent to our address or at our disposal % 0.40 Min Amendment per amendment Tracer per tracer Export Letters of Credit Handling charges advice % 0.15 Min , max Confirmation commission Subject to agreement Amendment fee per amendment Amendment fee (amount increase) % 0.15 Min , max Handling charges documents for sight payment % 0.20 Min ¹ Handling charges documents for deferred payment % 0.25 Min ¹ Cancellation of Letter of Credit Tariffs and Conditions for Payment Services January

10 Import Letters of Credit Opening Charges % 0.15 Min per month. Subject to agreement Amendment fee per amendment Amendment fee (amount increase) % 0.15 Min per month Subject to agreement Handling charges documents for sight payment % 0.20 Min ¹ Handling charges documents for deferred payment % 0.25 Min ¹ Cancellation of Letter of Credit Received Bank Guarantees Advising /increase of the amount % 0.15 Min , max Amendment (except for increase in amount) per amendment Preliminary examination of claim documents Forwarding claims (signature authentication, forwarding via post or SWIFT). The Bank does not take any responsibility for the acceptance of the claim by the issuing bank or for the compliance of the demand letter. % 0.20 Min Issued Bank Guarantees Issuing bank guarantee % 0.15 per month (or part thereof) Amendment per amendment Amendment in case of amount increase or extension of % 0.15 per month (or validity part thereof) Preparation of tailor made guarantee wording per occurrence Issuing bank guarantee 2 languages per occurrence Min Subject to agreement Min Subject to agreement Others SWIFT, tracer, signature authentication, verification, other correspondence per occurrence 1. Plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective rule of law Tariffs and Conditions for Payment Services January

11 Cut-Off Times (COT) and Settlement Dating Account, Balance and Transaction reporting Frequency Time available (CET) Intraday Every 30 minutes 08:00 Intraday To third bank Every 30 minutes 08:00 Intraday From third bank According to third bank According to third bank End of Day Once per day 08:00 End of Day To third bank Once per day 08:00 End of Day From third bank According to third bank According to third bank Credit transfers Currency COT (CET) Book date Settlement Domestic credit transfer Single payment (via GIRO) 16:00 D D Transfers upon the Order of 16:00 D D+1 Authority, resolutions for transfers and collections Real Time (via VIBER) 16:00 D D ING In-house 16:00 D D Multiple Payment 16:00 D D Incoming HUF via GIRO no FX D D - International credit transfer Three days HKD, HRK, ILS, NZD, 15:00 D D+3 SGD, THB, ZAR Two days Any 15:00 D D+2 Same day USD 14:00 D D Same day HUF 15:00 D D Intracompany 15:00 D D Incoming EU / EEA D D - Non EU / EEA 12:00 D - Euro Credit Transfer Real Time Euro Credit Transfer Real Time EUR 14:00 D D SEPA Next day EUR 15:00 D D+1 Intra-company (Next day) EUR 15:00 D D+1 Intra-company (Same day) EUR 14:00 D D ING In-house 1 EUR 16:00 D D Note: All paper-based credit transfers must be received by the bank before 11:30 CET. Regular book dates and settlement dates (as stated above) apply. 1. The mentioned COT for SEPA Credit Transfer ING In-house transactions applies to SEPA transactions between two accounts held at the same ING branch. Please consult your local ING contact person Tariffs and Conditions for Payment Services January

12 Direct Debit Currency COT (CET) Book date Settlement Domestic Direct Debit (credit to the account) Transaction (ING In-house) 12:00 D D D+5 Transaction (ING In-house and paper-based) 11:30 D D D+5 Tariffs and Conditions for Payment Services January

13 Conditions Business Days More information regarding the national public and banking holidays and the execution of Payment Services can be found on: Information regarding TARGET closing days can be found on: Debit and Credit interest rates If, for any reason, any of the clients accounts kept with the Bank shows a negative (debit) balance or, in the event of an overdraft arrangement between the Bank and the client, the debit balance of the relevant account exceeds the permitted limit approved for the client, default interest shall be accrued on the amount of such debit balance or of such excess, as the case may be. The default interest rate shall equal to the prevailing base rate of the National Bank of Hungary plus 7% p.a. In case of current accounts kept in foreign currency the default interest rate is the relevant LIBOR quoted in the prevailing foreign currency plus 7% p.a. Exchange rates In case of payment and transfer order with conversions the Bank executes them by using the Foreign Exchange Rates fixed at the booking date. Spot Rate Special Agreements execution is linked to the international foreign exchange market operation (taking into account the foreign currency holidays). On foreign currency holiday the Bank reserves the right to refuse the Spot Rate Special Agreement. Foreign Exchange Rates are reference rates, which are fixed by the Bank two times a day, based on the daily foreign exchange rate (average of Reuters D2 BID, OFFER plus ING foreign exchange rate margin). The first fixing shall take place at 12:00 p.m. (Budapest time) on a banking day. Such rate shall be applicable to payment transactions of which the payment orders had been accepted on the actual day until the time of the fixing. This rate shall also be applicable for incoming transactions in EEA currency accepted by the Bank until 12:00 on actual day or on the previous banking day after cut-off time. The second fixing shall take place between 15:30 and 16:30 (Budapest time) on a banking day. Such rate shall be applicable to incoming payment transactions received after 12:00 p.m. until cut-off time on actual day, denominated in In case it is justified by a significant fluctuation of the exchange rates (i.e. the difference between the Reuters D2 BID, OFFER average and the last fixing of the ING mid-rate exceeds 1% of the ING mid-rate), the Bank reserves the right to quote new exchange rates as per the above methods and apply it to transactions above EUR 50,000 or equivalent. Upon request, the Bank provides further information about Foreign Exchange Rates. The actual Foreign Exchange Rates are published through the Bank s webpage and the IBP CEE system. The following currencies are fixed by the Bank: USD, EUR, CHF, GBP, JPY, AUD, CAD, DKK, NOK, SEK, CZK, PLN, HKD, HRK, NZD, RON, SGD, THB, TRY, ZAR, ILS. Cash rates are fixed in the following currencies: USD, EUR, CHF, GBP, JPY, AUD, CAD, DKK, NOK, SEK, CZK, PLN. Spot Rate Special Agreement shall be concluded with the Treasury Sales Department. Spot Rate Special Agreement is available in the following currencies: USD, EUR, CHF, GBP, JPY, AUD, CAD, DKK, NOK, RUB, SEK, CZK, PLN. Exchange rates Cash and Cards In case of cash desk transactions (cash deposit, cash withdrawal) with conversion, the Bank executes by using the Cash Desk Foreign Exchange Rates fixed at the booking date. Cash Desk Foreign Exchange Rates are fixed and published at 8:00 a.m. every banking day, based on the daily foreign exchange rates (average of Reuters D2 BID, OFFER plus ING foreign exchange rate margin). Tariffs and Conditions for Payment Services January

14 Coins In case of corporate card transactions executed in foreign currencies the relevant MasterCard foreign exchange rates shall prevail. When debiting the sum of card transactions related to the use of ING Bank NV Amsterdam s Corporate card, the Bank applies the mid-rate prevailing on the debit date.coins are accepted in the following currencies: HUF, USD, CHF, EUR and GBP. The smallest denomination accepted is 1 (except for EUR, where cents are accepted as well) One-day prior notice until 12:00 p.m. is required in case of cash withdrawals in HUF and two days prior notice until p.m. in case of cash withdrawals in other currencies over HUF 2,000,000 and either over EUR 5,000 or its equivalent amount in other foreign currency or any special denomination request. The notice shall be addressed to the Bank by phone or to the Vault of the Bank located at Dózsa György street via fax message on In case the validity and the denomination are doubtless, the Bank shall take HUF banknotes and coins that are damaged, flawed or difficultly recognizable at face value and without charge. The Bank accepts HUF banknotes for deposit or for denomination change that are more than 50% intact. In case the extension of the banknote is not larger than the 50% of the original note, the Bank accepts banknote and forwards it to NBH free of charge. As for HUF banknotes and coins withdrawn from circulation officially, the Bank takes these items up to five banking days prior to the officially stated day of acceptance by the relevant National Bank of Hungary notice. Transaction duty The total amount of fees to be paid on transfers shall be the sum of the below mentioned fees plus the amount of the transaction duty to be paid by the Bank regarding the transaction pursuant to the effective Act CXVI of 2012 on the Transaction Duty. Refusal Domestic Direct Debit The client is able to refuse a Domestic Direct Debit collection until 5 Banking Business Day before the due date of the Domestic Direct Debit. Requests received after Cut-Off Time will lead to a regular debit of the account. Cancellation / modification Multiple or Single credit transfer In case of a Single credit transfer it is possible to cancel or modify. A cancellation or modification instruction with authorised signatures must be received by ING as original letter or via scan or fax. In case of a Multiple Domestic credit transfer it is possible to cancel or modify the entire batch (individual items cannot be cancelled or modified). A cancellation or modification with authorised signatures must be received by ING as original letter or via scan or fax. Revocation Client needs to send an instruction with authorised signatures. The Bank can accept original letter, scan or fax. Direct debit blocks Client needs to send an instruction with authorised signatures. The Bank can accept original letter, scan or fax. Specific forms The applicable forms accepted by the Bank are available in the Bank premises / Client Service area and on the website of the Bank. VAT All fees shown in this brochure are excluding VAT, unless explicitly indicated otherwise by the mentioning of (incl. VAT). When a specific product is VAT liable and therefore the Client needs to pay the VAT himself, (+ VAT) is shown. Tariffs and Conditions for Payment Services January

15 Types of credit transfers To determine the type of outgoing credit transfers (except Dutch urgent payments), please use the flow chart shown below. SEPA Countries: Austria (EUR), Belgium (EUR), Bulgaria (BGN), Croatia (HRK), Cyprus (EUR), Czech Republic (CZK), Denmark (DKK), Estonia (EUR), Finland (EUR), France (EUR), Germany (EUR), Greece (EUR), Hungary (HUF), Ireland (EUR), Italy (EUR), Latvia (LVL), Lithuania (LTL), Luxembourg (EUR), Malta (EUR), The Netherlands (EUR), Poland (PLN), Portugal (EUR), Romania (RON), Slovakia (EUR), Slovenia (EUR), Spain (EUR), Sweden (SEK) and the United Kingdom (GBP), as well as the three EEA States Iceland (ISK), Liechtenstein (CHF) and Norway (NOK) plus Monaco (EUR) and Switzerland (CHF). Privacy Statement The privacy statement applicable between the ING and its Clients is available online. Tariffs and Conditions for Payment Services January

16 Client Services Business Hours 09:00 17:00 Business Days Monday to Friday Contact details ING Bank N.V. Hungary Branch Dózsa György út 84/B Budapest Hungary SWIFT BIC INGBHUHB Customer Service Desk Telephone Number Fax Address bank.info.hu@ingbank.com Tariffs and Conditions for Payment Services January

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