PERSONAL BANKING PERSONAL BANKING Fee VAT inclusive Fee DEPOSIT ACCOUNTS REGULAR CHEQUING ACCOUNT Minimum monthly fee $10.00 $10.75 * Minimum balance to avoid monthly service fee N/A N/A Minimum balance to attract interest N/A N/A Minimum Opening Balance $100.00 $100.00 Number of transactions Included 5 free debits (cheques) 5 free debits (cheques) Per cheque/debit transaction $1.00 $1.08 * ATM withdrawals (per item) $1.00 $1.08 * Branch (includes transfers, withdrawals, bill payments) $1.50 $1.61 * ATM Mini Statements/ Balance Enquiry FREE FREE Online Banking FREE FREE Deposits FREE FREE Cheque writing privilege Yes Yes Pay Interest N/A N/A Statement Frequency Monthly Monthly Overdraft Available Yes Yes BONUS CHEQUING ACCOUNT
Minimum monthly fee $15.00 $16.13 * Minimum balance to avoid monthly service fee N/A N/A Minimum balance to attract interest $100.00 $100.00 Minimum Opening Balance $500.00 $500.00 Number of transactions Included 10 free debits (cheques) 10 free debits (cheques) Per cheque/debit transaction $1.00 $1.08 * ATM withdrawals (per item) $1.00 $1.08 * Branch (includes transfers, withdrawals, bill payments) $1.50 $1.61 * ATM Mini Statements/ Balance Enquiry FREE FREE Online Banking FREE FREE Deposits FREE FREE Cheque writing privilege Yes Yes Pay Interest N/A N/A Statement Frequency Monthly Monthly Overdraft Available Yes Yes REGULAR SAVINGS ACCOUNT Minimum monthly fee $2.00 $2.15 * Minimum balance to attract interest $500.00 $500.00 Minimum balance to avoid monthly service fee $500.00 $500.00 Minimum Opening Balance $100.00 $100.00 Number of transactions Included 1 free debit (ATM) 1 free debit (ATM) Branch (includes transfers, withdrawals, bill payments) $1.50 $1.61 * ATM withdrawals (per item) $1.00 $1.08 * ATM Mini Statements/ Balance Enquiry FREE FREE Online Banking FREE FREE Deposit FREE FREE Cheque writing privilege N/A N/A Pay Interest Quarterly Quarterly Statement Frequency Quarterly Quarterly Overdraft Available N/A N/A RBC ASUE ACCOUNT Minimum monthly fee FREE FREE Minimum balance to avoid monthly service fee N/A N/A
Minimum balance to attract interest $100.00 $100.00 Minimum Opening Balance 100.00 $100.00 Number of transactions Included N/A N/A Branch (includes transfers, withdrawals, bill payments) $1.50 $1.61 * ATM withdrawals (per item) N/A N/A ATM Mini Statements/ Balance Enquiry N/A N/A Online Banking FREE FREE Deposit FREE FREE Cheque writing privilege N/A N/A Pay Interest Quarterly Quarterly Statement Frequency Quarterly Quarterly Overdraft Available N/A N/A Other - Free standing order from another account into the Asue Account. - $50 Penalty levied for early withdrawal (i.e. less than 12 months) Penalty of $53.75 * SIXTY PLUS ACCOUNTS (Savings & Chequing) Monthly fee $2.00 $2.15 * Minimum balance to avoid monthly service fee $500.00 $500.00 Minimum balance to attract interest $100.00 $100.00 Minimum Opening Balance $100.00 $100.00 Number of transactions Included Unlimited Unlimited Branch (includes transfers) Free Free ATM withdrawals (per item) Free Free ATM Mini Statements Free Free Online Banking Free Free Deposit Free Free Cheque writing privilege Yes (Sixty Plus Chequing) Yes (Sixty Plus Chequing) Pay Interest Quarterly Quarterly Statement Frequency Quarterly Quarterly Overdraft Available Yes (Sixty Plus Chequing) Yes (Sixty Plus Chequing)
$10 Stop payment fee $10 Safe Deposit Box annual Other $10.75 Stop payment fee rebate $10.75 Safe Deposit Box annual rebate * COLLEGE PASSPORT ACCOUNT Monthly fee Free Free Minimum balance to avoid monthly service fee N/A N/A Minimum balance to attract interest N/A N/A Minimum Opening Balance $100.00 $100.00 Number of transactions Included 1 free debit (ATM) 1 free debit (ATM) Branch (includes transfers) $1.50 $1.61 * ATM withdrawals (per item) $1.00 $1.08 * ATM Mini Statements FREE FREE Online Banking FREE FREE Deposit FREE FREE Cheque writing privilege N/A N/A Pay Interest Quarterly Quarterly Statement Frequency Quarterly Quarterly Overdraft Available N/A N/A TERM DEPOSIT ACCOUNTS Minimum Opening Balance $1,000.00 $1,000.00 Interest is forfeited if redeemed within first 3 Interest months is forfeited if redeemed within first 3 months In excess of 3 months 1% less of accrued interest or the accrued interest, whichever is less; $40 minimum penalty fee Penalty of $43.00 * DEPOSIT ACCOUNT PACKAGES ROYAL CERTIFIED SERVICE Flat monthly fee $36.00 $38.70 * Minimum balance to attract interest N/A N/A Minimum balance to avoid monthly service fee N/A N/A
Minimum Opening Balance $500.00 $500.00 Number of transactions Included Unlimited Unlimited Branch (includes transfers) FREE FREE ATM withdrawals FREE FREE ATM Mini Statements/ Balance Enquiry FREE FREE Online Banking FREE FREE Deposit FREE FREE Cheque writing privilege Yes Yes Pay Interest N/A N/A Statement Frequency Quarterly Quarterly Overdraft Available Yes Yes SERVICES RELATED TO DEPOSIT ACCOUNTS Visa Debit/ATM/Client Card RBC ATM Withdrawal (in-country) $1.00 $1.08 * Other Bank ATM Withdrawal (in-country) $4.00 + 0.50% $4.00 + 0.50% + 0.075% * Any Bank ATM Withdrawal (out-of-country) $3.00 + 2.50% $3.00 + 2.50% + 0.075% * POS Transaction (in-country) -- approved FREE FREE POS Transaction (in-country) - approved (Visa Debit only) Free Free POS Transaction (out-of-country) -- approved $0.00 + 2.50% $0.00 + 2.50% + 0.075% * Other Bank ATM Transaction (in-country) -- declined $0.50 $0.54 * ATM or POS Transaction (out-of-country) -- declined $1.00 $1.08 * Other Bank Balance Enquiry (in-country) $0.50 $0.54 * Other Bank Balance Enquiry (out-of-country) $0.50 $0.54 * Replacement Card (Lost, stolen, broken) $5.00 $5.38 * Deposits, transfers and inquiries FREE FREE Royal Online is a self-service delivery channel for clients to access their accounts from any computer with internet access 24 hours a day, 7 days a week ROYAL ONLINE INTERNET BANKING from anywhere in the world. Monthly fee FREE FREE View account transactions FREE FREE
Pay bills, credit cards and loans FREE FREE 3rd party transfer (per transaction) FREE FREE OTHER DEPOSIT ACCOUNT RELATED SERVICES Accounts Closed Within 90 Days of Opening $15.00 $16.13 * Internal Transfers between Deposit Accounts Each transfer request $10.00 $10.75 * Transfer Advice (if required) $2.00 $2.15 * All accounts with no client-initiated entries over one year for which there is no response to notice sent $25.00 (per annum) $26.88 * Unclaimed balances remitted to Central Bank (After 7 years of dormancy) $50.00 $53.75 * Interim statement request $5.00 $5.38 * Statement photocopies First page $5.00 $5.38 * Each additional page $1.00 $1.08 * Certificate of interest earned $20.00 $21.50 * Auditor's Bank Confirmations Per confirmation $30.00 $32.25 * Where extraordinary work is required, charge per hour $30.00 $32.25 * Credit Reports/Certificate of Account Balances Per report/letter $25.00 $26.88 * Letters to Consulates $20.00 $21.50 * Searching for account $15.00 $16.13 * Search for records (per hour) $30.00 $32.25 * Search for vouchers (per hour) $3.00 per entry or $30.00 per hour, whichever is greatest $3.23 per entry or $32.25 per hour, whichever is greatest * Importation of USD Cash 0.5% of value of cash shipment includes strap fee, stamp tax, freight & duty Fee (less 1.5% SD) plus 0.075% VAT fee * Fee for Foreign Currency Cash in excess of the equivalent of US$5,000 credited to foreign currency amounts All denominations - 1% plus 0.075% VAT fee * Transfer from USD to BSD accounts Charge for handling cash deposits -Local Currency- $10,000 and over for over-the-counter transactions 1% of deposit amount Conversion at the board rate. Standing order charge of $2.00 will apply Standing order charge of $2.15 will apply * 1.075% of deposit amount= 1% of amount +VAT *
Handling of coins exchanged for paper $100 worth of coins and over. (Applies to Non-RBC clients only) PAYMENTS AND CHEQUE HANDLING Unauthorized overdrafts $20.00 Unpostable items (Items paid against uncleared back to customer) 1% of value of coins (Applies to Non-RBC clients only) 1.075% of value of coins =1% +VAT * $15.00 Dishonoured cheques (Not Sufficient Funds) $25.00 (Residents Min$21.50) (Non residents zero rated) * (Residents Min$16.13) (Non residents zero rated) * (Residents Min$26.88) (Non residents zero rated) * Stop payments - Cheques Cheques (Applies to Sixty Plus accounts as well as regular accounts) $10.00 $10.75 * Local and Foreign Drafts $30.00 $32.25 * Foreign Cheques $40.00 $43.00 * Deposit items returned unpaid $5.00 $5.38 * Standing order payments In-branch credits to personal accounts In the same name $6.00 $6.45 * In-branch credits to other personal account (from one personal a/c to another in different names) $10.00 $10.75 * Payment by local draft/wire-plus out of pocket expenses $15.00 $16.13 * Verification of cheque by telephone $3.00 $3.23 * Telephone calls requesting services available on ABM and Royal Online $5.00 $5.38 * Cheque recalled at customer request $10.00 $10.75 * Cheque Cashing Fee -Non Clients (OTC fee) 5.00 units of currency of cheque $5.38 or 5.38 units * BILL PAYMENTS Persons paying bills - over the counter-per transaction $1.50 $1.61 * via ABM Machine/Royal Online Internet Banking FREE FREE CREDIT FACILITIES VISA & MASTERCARD - CREDIT CARDS Annual Fees Visa Classic & MasterCard Standard $45.00 $48.38 * Co-Applicant $25.00 $26.88 * Visa Gold & Gold MasterCard $70.00 $75.25 * Co-Applicant $35.00 $37.63 *
Visa Platinum Rewards $125.00 $134.38 * Co-Applicant $60.00 $64.50 * Visa & MasterCard Fees Cash Advance Fee 3% minimum $5 Min $5.38 * Late Payment Charge $40.00 $43.00 * Over Limit Charge $30.00 $32.25 * Dishonoured Cheque Charge $40.00 $43.00 * Excessive decline charges (charge $1.00 $1.08 applied after first 2 declines) * Replacement Card fee $25.00 $26.88 * Foreign Exchange on transactions not in 1.50% plus 0.075% VAT fee BSD/USD currencies * BSD cards subject to Bahamas stamp tax 1.50% plus 0.075% VAT fee * Statement copy fee (other than current statement period) $5.00 $5.38 * Sales/cash Advance draft copy fee - each copy $5.00 $5.38 * Urgent payment fee $25.00 $26.88 * Rush card fee $25.00 $26.88 * Investigation Fee $30.00 $32.25 * Interest Rate 18% PERSONAL LOAN FEES Personal Loans: Commitment fees/negotiation fees/ Service charge/ Arrangement/ Administrative fees All loans, including refinance/add-on, except car loan New and used car loans Personal Demand Loan - Annual Fee 1.5% of loan amount, Minimum $125 $250 flat fee 0.5% of loan amount, Minimum $125 Late payment fee $30.00 Residents & Non-resident if it relates to a property located in Bahamas Min$134.38 Non resident unrelated to property in Bahamas.Non residents zero rated * (Residents $268.75 flat fee) Residents & Non-resident if it relates to a property located in Bahamas Min$134.38 Non resident unrelated to property in Bahamas.Non residents zero rated * (Residents $32.25)
Settlement/Statement Letters $30.00 Mortgages (Residents $32.25) Land loans - Commitment Fee 2% of loan amount 2% of loan amount plus 0.075% VAT Fee * Developed property- Commitment Fee 2% of mortgage amount 2% of mortgage amount plus 0.075% VAT Fee * Construction loan - Commitment Fee 2% of mortgage amount 2% of mortgage amount plus 0.075% VAT Fee * Mortgage Satisfaction/Discharge of mortgages $ 100.00 $107.50 * Statement Letters $ 25.00 $26.88 * Settlement Letters $ 25.00 $26.88 * Late Payment Charge $ 30.00 $32.25 * Non resident Mortgages- on properties in Bahamas Land loans - Commitment Fee 2% of loan amount 2% of loan amount plus 0.075% VAT Fee * Developed property- Commitment Fee 2% of mortgage amount 2% of mortgage amount plus 0.075% VAT Fee * Construction loan - Commitment Fee 2% of mortgage amount 2% of mortgage amount plus 0.075% VAT Fee * Mortgage Satisfaction/Discharge of mortgages $ 100.00 $107.50 * Statement Letters $ 25.00 $26.88 * Settlement Letters $ 25.00 $26.88 * Late Payment Charge $ 30.00 $32.25 * Non resident Mortgages- on properties not in the Bahamas Land loans - Commitment Fee 2% of loan amount 2% of loan amount * Developed property- Commitment Fee 2% of mortgage amount 2% of mortgage amount * Construction loan - Commitment Fee 2% of mortgage amount 2% of mortgage amount * Mortgage Satisfaction/Discharge of mortgages $ 100.00 $107.50 * Statement Letters $ 25.00 $26.88 * Settlement Letters $ 25.00 $26.88 * Late Payment Charge $ 30.00 $32.25 * Personal Overdraft Administrative fee 1% minimum $125 (Residents $134.28) Annual Renewal Fee 0.5% Minimum (Residents $125 $134.28)
Interim Reviews/ Additions/Temporary Residents $107.50) 0.125-0.5% Minimum $100 Facilities/Excesses/Amendments Personal Overdraft Interest - Fully Secured 9.25% Residents plus 0.075% VAT fee) Personal Overdraft Interest - Unsecured 18.00% Residents plus 0.075% VAT fee) Royal Premier Residential Property Loan Commitment Fee - 1% of loan amount Commitment Fee - 1% of loan amount Late payment fee $30.00 $32.25 * Annual Renewal Fee 0.5% of loan amount. Minimum $125 Min $134.38 * WIRES & TELEPHONE TRANSFERS OUTGOING PAYMENTS Draft/Mail Transfer $6.00 $6.45 * $5.00 plus government stamp tax $8.75 * Payment to other Banks - local wires and telephone transfers Paid for in Bahamian Dollars Sold at the applicable foreign exchange selling rate In Branch In Branch Up to $9,999 $50.00 $53.75 * $10,000 - $24,999 $60.00 $64.50 * $25,000 - $99,999 $71.50 $76.86 * $100,000 - $249,999 $95.00 $102.13 * $250,000 - $499,999 $111.50 $119.86 * $500,000-1,000,000 $126.50 $135.99 * over $1,000,000 Apply rate of 0.0156% Apply rate of 0.0156% (plus 0.075%) * Paid for with another foreign currency Via ROLG Via ROLG Up to $9,999 $61.50 $66.11 * $10,000 - $24,999 $71.50 $76.86 * $25,000 - $99,999 $81.50 $87.61 * $100,000 - $249,999 $106.50 $114.49 * $250,000 - $499,999 $121.50 $130.61 * $500,000-1,000,000 $171.50 $184.36 * over $1,000,000 Apply a rate of 0.0156% Apply a rate of 0.0156% (plus 0.075%) *
Investigations for transfers resulting from errors in transmissions which can be attributed to clients (i.e. wrong address, beneficiary etc.) - plus out of pocket expenses $35.00 $37.63 * INCOMING PAYMENTS Foreign currencies paid in BSD or converted to another foreign currency are to be converted at the applicable buying exchange rate. Credited to an account $6.00 $6.45 * Paid in cash or by draft in same currency $6.00 $6.45 * TRAVELLERS' CHEQUES American Express - Cashing Free Free Visa Traveller's Cheques - Cashing $0.25 $0.27 * Other Travellers Cheques - Cashing $1.15 $1.24 * Negotiation Charge for instruments drawn on banks outside The Bahamas. instruments converted to Bahamian dollars use current exchange rate plus below charges. NEGOTIABLE INSTRUMENTS Visa - Cash Advances 2% plus 0.075% VAT fee * Cheques cashed against holders of Royal Bank Cards (if paid in the same currency FREE FREE All other instruments cashed in same currency 1/2 of 1% (1/2 of 1%) x 0.75% * Minimum $2.00 $2.15 * SAFEKEEPING & SAFETY DEPOSIT BOXES SAFEKEEPING Annual safekeeping charges for: Stock Certificates/Bonds $15.00 $16.13 * Plus additional charge per class $20.00 $21.50 * Minimum charge per client $55.00 $59.13 * Documents (e.g. Insurance Policies) per document $25.00 $26.88 * Sealed envelopes $55.00 $59.13 * Small packages $85.00 $91.38 * Large package, box, trunk $150.00 $161.25 * Computer tapes/disc. $125.00 $134.38 * Access Fee Each entry to Safekeeping $7.50 $8.06 *
Higher charges shall be made for bulky or otherwise $50.00 $53.75 * inconvenient articles. The charges apply to items held at the branch and are also minimum charges for items held elsewhere. Where overseas depository charges are higher, these shall be recovered in full SAFETY DEPOSIT BOX Replacement Keys $20.00 $21.50 * Drilling of the box as a result of: lost key plus cost of drilling and replacement key $100.00 $107.50 * Rental Arrears plus cost of drilling and replacement of lock $200.00 $215.00 * rates vary according to size $0.00 * Small $65.00 $69.88 * Medium $170.00 $182.75 * Large $325.00 $349.38 * Extra-Large $490.00 $526.75 * Annual Charges Box Size Per Annum 1 1/2" x 5" x 24" $60.00 $64.50 * 1 1/2" x 5 1/4" x 24" $60.00 $64.50 * 1 3/4" x 4 3/4" x 24" $60.00 $64.50 * 1 3/4" x 5 1/4" x 24" $60.00 $64.50 * 2" x 4 3/4" x 24" $65.00 $69.88 * 2" x 5" x 24" $65.00 $69.88 * 2 1/4" x 5 1/2" 24" $75.00 $80.63 * 2 1/2" x 5 x 24" $75.00 $80.63 * 2 1/2" x 5 1/4" x 24" $75.00 $80.63 * 2 1/2"x 10 3/8" x 24" $140.00 $150.50 * 3" x 11 1/4" x 24" $180.00 $193.50 * 3 1/4" x 5" x 24" $100.00 $107.50 * 3 1/2" x 10 3/4" x 24" $180.00 $193.50 * 4 3/4" x 5 1/4" x 24" $140.00 $150.50 * 4 3/4" x 10 1/4" x 24" $260.00 $279.50 * 4 3/4" x 10 3/4" x 24" $260.00 $279.50 * 4 3/4" x 11" x 24" $260.00 $279.50 * 5" x 5" x 24" $140.00 $150.50 * 5" x 10 1/4" x 24" $260.00 $279.50 * 5" x 10 3/8" x 24" $200.00 $215.00 *
6 3/4" x 10 3/4" x 24" $325.00 $349.38 * 6 3/4" x 11 1/4" x 24" $325.00 $349.38 * 8 3/4" x 10 3/4" x 24" $400.00 $430.00 * 9 3/4" x 11 1/4" x 24" $400.00 $430.00 * 9 3/4" x 22 3/4" x 24" $500.00 $537.50 * 10" x 10" x 24" $400.00 $430.00 * 10" x 15 3/4" x 24" $415.00 $446.13 * For other sizes (rate per cubic inch) $0.30 $0.32 * Note: When rental is for less than one year, charge 1/12 of the annual rent per month (Minimum charge of 3 months rent). Fees marked with * are 7.5% VAT inclusive. Other fees are exempt. All fees applicable to Non-Residents are zero rated except for loan or mortgage services relating to a property in the Bahamas.