This is our standard Tariff of charges for your accounts held at the UK Branch of Silicon Valley Bank. It sets out the prices that we charge you for our most frequently used account services in the UK. THE CHARGES IN THIS TARIFF HAVE BEEN DIVIDED INTO THE FOLLOWING SECTIONS ACCORDING TO THE TYPE OF TO WHICH THEY RELATE: Section A Standard Payment Charges: these are standard payment services relating to the day to day running of your account Section B Other Charges: these are other services that you may use that are not already included within the Standard Payment Charges Section C Outgoing International Payment Charges Section D SEPA Credit Transfer Charges Section E BACS Bureau Service Charges Section F Business Debit Card Charges Section G Additional Currencies Section H Free Banking Period If we provide any other service to you which has a charge associated with it and that is not included on this Tariff, we will tell you what the charge is before we provide the service to you. IF YOU HAVE ANY QUESTIONS ABOUT S, THIS TARIFF OR HOW WE WILL KEEP YOU INFORMED (INCLUDING DETAILS OF HOW WE GIVE YOU NOTICES OF CHANGES IN OUR CHARGES), YOU CAN REFER TO / CONTACT: Our Banking Terms and Conditions, which are available on www.svb.com/uk; Your relationship manager; or Our Client Advisory Services team on 0800 023 1441 (or on +44 (0) 20 7367 7881 if calling from outside the UK). SECTION A STANDARD PAYMENT CHARGES TIERS (if applicable) Banking Services Charge 1 CHAPS (outgoing) CHAPS (incoming) Faster Payments (outgoing) Faster Payments (incoming) International Payments (incoming) BACS (outgoing) 2 Not Applicable First 10 transactions Transactions 11 to 50 Transactions 51 and above First 50 transactions Transactions 51 to 100 Transactions 101 to 500 Transactions 501 and above Not Applicable First 50 transactions Transactions 51 to 100 Transactions 101 to 500 Transactions 501 and above For accounts in GBP: 25 per account For accounts in Euros: 30 per account For accounts in US Dollars: $40 per account For accounts in Israeli Shekels: 150 ILS per account 20 each 17.50 each 15 each 1 per credit 0.50 per credit For accounts in GBP: 1 per credit For accounts in Euros: per credit For accounts in US Dollars: $1.50 per credit For accounts in Israeli Shekels: 6 ILS per credit 1 The Banking Service Charge applies to each Current Plus Account or Foreign Currency Account that you hold. For example, if you hold two Current Plus Accounts your monthly Banking Service Charge would be 50 ( 25x2). This charge will appear on your account billing notification as Account Maintenance. 2 This includes single BACS payments (including direct debits, standing orders, and BACS payments through a bureau) and also each individual item in a BACS file. Use of the BACS facility is subject to prior credit approval and monitoring. Please note when using BACS bureau facilities the bureau may charge additional fees. www.svb.com/uk UK Branch Tariff ST Version March 2016 1
SECTION A CONTINUED STANDARD PAYMENT CHARGES TIERS (if applicable) BACS (incoming) BACS file Cheques paid out3 Cheques paid in Cash deposit (carried out in a UK Branch) Bank Giro Credit First 50 transactions Transactions 51 to 100 Transactions 101 to 500 Transactions 501 and above Included within the BACS outgoing transaction count and charged at the applicable rate for the tier 1 per item 0.75 per item 1.5% calculated on the cash total deposited 1 per pay in 3 From 4 April 2016 we no longer offer cheques as a payment method. HOW OUR TIERED CHARGES ARE CALCULATED We provide you with tiered charges across some of our Standard Payment Charges. The transactions are counted and the tiers are applied per account and on a monthly basis. At the end of each month, the transaction counts are reset to zero for the next month. EXAMPLE In January, you make 75 outgoing Faster Payments. The first 50 Faster Payments are charged at 2.50 per payment and the remaining 25 Faster Payments are charged at 2 per payment. At the end of the month, you would be notified that a total of 175 is due for Faster Payments during January, being 125 (50 x 2.50) plus 50 (25 x 2). WHEN WE WILL CHARGE YOU FOR S IN OUR STANDARD PAYMENT CHARGES Our billing cycle is monthly. After the billing cycle ends, e.g. at the end of the calendar month, a billing notice will be provided to you setting out the services that you have used in that billing cycle and a calculation of the charges that are payable. You will receive a billing notice for each of your accounts. If you believe that there is an error in your billing notice, please contact us as soon as possible and in any event within the time limits specified in the Banking Terms and Conditions. The total charge for the billing cycle will be debited from the account on which the services were used 21 calendar days after the billing cycle ends. Please note charges for BACS payments made through our Bureau Services are charged quarterly. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. www.svb.com/uk UK Branch Tariff ST Version March 2016 2
SECTION B OTHER CHARGES Status enquiry Cheque collections Special presentation Mailing paying in books to a non-uk address Duplicate Statement Stop payment for a cheque 3,4 Returned cheque paid in Cheques returned unpaid3 Direct debits returned unpaid Investigation fee 5 BACS recall BACS rejects BACS item trace BACS overlimit Unauthorised overdraft fee (when your account is overdrawn without a pre-authorised overdraft as described in section 4.4 of our Banking Terms and Conditions) Unauthorised overdraft interest rate (when your account is overdrawn without a pre-authorised overdraft as described in section 4.4 of our Banking Terms and Conditions) Charge Over Bank Account registration (when a charge is registered with Companies House) 20 per response to a third party 35 each 15 each 20 per item 5 per page (subject to a 50 maximum charge per request) 10 each 10 each 35 each 35 each 25 per investigation 15 each 0.25 per item 50 per item requested 50 per occurrence 30 per day the account is overdrawn without an agreed overdraft facility For accounts in Euros: 35 per day For accounts in US Dollars: $50 per day For accounts in Israeli Shekels: 180 ILS per day We will charge interest at a higher rate. Currently this rate is 20% per annum. 15.00 per registration 3 From 4 April 2016 we no longer offer cheques as a payment method. 4 For reasons other than lost or stolen. 5 For an investigation relating to an International Payment, CHAPS or Faster Payment. WHEN WE WILL CHARGE YOU FOR S INCLUDED WITHIN OTHER CHARGES Our Other Charges will be charged at the time that you use the service. If for any reason, any of these Other Charges change, we will notify you by updating the Other Charges section on the Tariff that is available on www.svb.com/uk in accordance with our Banking Terms and Conditions. www.svb.com/uk UK Branch Tariff ST Version March 2016 3
SECTION C OUTGOING INTERNATIONAL PAYMENT CHARGES CURRENCY OF ACCOUNT TO BE DEBITED GBP Euros (Non SEPA) US Dollar Israeli Shekel 25 each 30 each $40 each 150 ILS The charges for outgoing International Payments are only those which are charged by Silicon Valley Bank s UK Branch. The beneficiary and / or correspondent bank involved may levy their charges. These charges apply to accounts held at the UK Branch only. WHEN WE WILL CHARGE YOU FOR S INCLUDED WITHIN OTHER CHARGES Our Other Charges will be charged at the time that you use the service. If for any reason, any of these Other Charges change, we will notify you by updating the Other Charges section on the Tariff that is available on www.svb.com/uk in accordance with our Banking Terms and Conditions. SECTION D SEPA CREDIT TRANSFER CHARGES TIERS SEPA Credit Transfer (outgoing) SEPA Credit Transfer (incoming) First 25 transactions Transactions 26 to 50 Transactions 51 to 200 Transactions 201 and above First 25 transactions Transactions 26 to 50 Transactions 51 to 200 Transactions 201 and above 7.00 5.50 3.50 2.50 WHEN WE WILL CHARGE YOU FOR S IN OUR SEPA CREDIT TRANSFER CHARGES Our billing cycle is monthly. After the billing cycle ends, e.g. at the end of the calendar month, a billing notice will be provided to you setting out the services that you have used in that billing cycle and a calculation of the charges that are payable. You will receive a billing notice for each of your accounts. If you believe that there is an error in your billing notice, please contact us as soon as possible and in any event within the time limits specified in the Banking Terms and Conditions. The total charge for the billing cycle will be debited from the account on which the services were used 21 calendar days after the billing cycle ends. www.svb.com/uk UK Branch Tariff ST Version March 2016 4
SECTION E BACS BUREAU CHARGES Application for a new credit payment(s) originator per Service User Number (SUN) Application for an additional credit payments SUN for a client that has an existing SUN BACS Recall BACS Bureau Overlimit Fee 200 150 40 For Credit file recalls, requests must be received by noon on Day 1 of BACS cycle 50 per occurrence SECTION F BUSINESS DEBIT CARD CHARGES Rush Card Fee Cards 15 Cards 20 If you use GBP Business Debit Card outside the UK, you will be charged 2.99% transaction fee on payments and/or cash withdrawals by us. You may also be charged ATM and merchant fees by third parties. If you use your Euro Business Debit Card outside the Euro currency zone, you will be charged a 2.99% transaction fee on payments and/or cash withdrawals by us. You may also be charged ATM and merchant fees by third parties. SECTION G ADDITIONAL CURRENCIES We offer a number of additional currency accounts. Below are our standard fees for each of these currency accounts. CURRENCY / CHARGE BANKING CHARGE INTERNATIONAL PAYMENTS (INCOMING) INTERNATIONAL PAYMENTS (OUTGOING) Australian Dollar (AUD) 50.00 2.00 50.00 60.00 Canadian Dollar (CAD) 40.00 2.00 40.00 45.00 Swiss Franc (CHF) 35.00 1.00 35.00 40.00 Chinese Yuan (CNY) 235.00 9.00 235.00 280.00 Danish Krone (DKK) 250.00 10.00 250.00 300.00 Hong Kong Dollar (HKD) 300.00 12.00 300.00 360.00 Israeli Shekel (ILS) 150.00 6.00 150.00 180.00 OVERDRAFT FEE Japanese Yen (JPY) 4440.00 180.00 4440.00 5330.00 Norwegian Krone (NOK) 300.00 12.00 300.00 350.00 New Zealand Dollar (NZD) 50.00 2.00 50.00 60.00 Swedish Krone (SEK) 310.00 12.00 310.00 370.00 Singapore Dollar (SGD) 50.00 2.00 50.00 60.00 South African Rand (ZAR) 440.00 20.00 440.00 530.00 www.svb.com/uk UK Branch Tariff ST Version March 2016 5
SECTION G ADDITIONAL CURRENCIES (CONT D) IF WE PROVIDE ANY OTHER TO YOU WHICH HAS A CHARGE ASSOCIATED WITH IT AND THAT IS NOT INCLUDED IN THIS TARIFF, WE WILL TELL YOU WHAT THE CHARGE IS BEFORE WE PROVIDE IT TO YOU. IF YOU HAVE ANY QUESTIONS ABOUT OUR CHARGES (INCLUDING DETAILS OF HOW WE GIVE YOU NOTICE OF CHANGES TO OUR CHARGES), YOU CAN REFER TO / CONTACT: Our Banking Terms and Conditions, which are available on www.svb.com\uk, and can be found in the Managing Your Cash / Account Services section. Your relationship manager; or Our Client Advisory Services team on 0800 023 1441 (or on +44 (0) 20 7367 7881 if calling from outside the UK). SECTION H FREE BANKING PERIOD WE OFFER ALL NEW CLIENTS TO THE UK BRANCH OF SILICON VALLEY BANK 90 DAYS BANKING WITH US WHERE THE FOLLOWING TYPES OF CHARGES WILL NOT BE APPLIED: Standard Payment Charges SECTION A Outgoing International Payment Charges SECTION C SEPA Credit Transfer Charges SECTION D Additional Currencies SECTION G (overdraft fees will be charged) The 90 day period starts from the date that your first account with us is opened. We look forward to welcoming you to Silicon Valley Bank in the UK. www.svb.com/uk UK Branch Tariff ST Version March 2016 6