Schedule of Charges The British Virgin Islands Retail Effecti ve: May 1, 2016 1
Schedule of Charges CONTENTS 1 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL 2 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY 3 SUNDRY SERVICES 4 LENDING AND CARD SERVICES 5 CORPORATE SERVICES 6 TRADE SERVICES 2
Schedule of Charges PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY Regular Chequing Accounts (Product Codes 22 & 104) Bank@Work Accounts (Product Code 825) Average balance to avoid monthly service fee 10 free, thereafter $1.05 $500.00 Withdrawals / Debits Over The Counter each Monthly service fee for falling below average balance $5.50 Deposits / Credits - In Branch/Over The Counter $2.50 each Withdrawals /Debits/Cheques In Branch/Over The Counter 2 free, thereafter $2.00 Deposits/Credits In Branch/Over The Counter Bank@School Accounts (Product Code 726) Monthly service fee for falling below average balance Chequing Plus Accounts (Product Code 9) Withdrawals /Debits/Cheques In Branch/Over The Counter Average balance to avoid monthly service fee $2,500.00 Deposits/Credits In Branch/Over The Counter Monthly service fee for falling below average balance $10.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $1.05 SureStart (Junior Savers) Accounts (Product Code 125) Deposits/Credits In Branch/Over The Counter Monthly service fee for falling below average balance Withdrawals / Debits Over The Counter 4 free, thereafter $1.00 Deposits / Credits - In Branch/Over The Counter Regular Savings Accounts (Product Code 33) See Sundry Services Section for Applicable ABM charges Average balance to avoid monthly service fee $500.00 Monthly service fee for falling below average balance $5.00 Senior Savers Accounts (Product Code 44) Withdrawals /Debits/Cheques In Branch/Over The Counter $2.00 each Monthly service fee for falling below average balance Deposits/Credits In Branch/Over The Counter Withdrawals / Debits Over The Counter Deposits/Credits In Branch/Over The Counter Savings Plus Accounts (Product Code 726) Average balance to avoid monthly service fee $2,500.00 Senior Chequing Accounts (Product Code 170) Monthly service fee for falling below average balance $10.00 Monthly service fee for falling below average balance Withdrawals /Debits/Cheques In Branch/Over The Counter 2 free, thereafter $1.05 Withdrawals /Debits/Cheques In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter Direct Banking Accounts (Product Code 713) Platinum Chequing Accounts (Product Code 785) Withdrawals / Debits Over The Counter $2.50 each Average balance to avoid monthly service fee Deposits / Credits - In Branch/Over The Counter $2.50 each Withdrawals /Debits/Cheques In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter 3
Schedule of Charges PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY Fixed Deposit Accounts Transfer to another internal account on maturity Transfer to another institution on maturity Draft/Wire Cost Early Redemption Fees - Non-redeemable Fixed deposits only : Terms 5,000-24,999 25000-49,999 50,000-99,999 100,000-249,999 250,000-499,999 500,000-999,999 1,000,000 & Over 7 365 days $150 $150 $300 $1,000 $3,000 $5,000 $7,500 Notes: 1. * - Product/Service Not offered to new clients 2. Senior Chequing & Savings Accounts - Commission Free Services on Local Mgr Cheques, 3. All figures are quoted in local currency unless otherwise stated. 4
POUND STERLING (GBP$) GBP Chequing Accounts (Product Code 120) Schedule of Charges PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY Minimum monthly service fee 5.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 2 free, thereafter 0.40 Deposits/Credits In Branch/Over The Counter GBP Savings Accounts (Product Code 39) Minimum monthly service fee 1.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter 0.40 Deposits/Credits In Branch/Over The Counter Note: 1. * - Product/Service Not offered to new clients 5
INTERNET AND TELEPHONE BANKING MAIL TRANSFERS Monthly Access Fee Outgoing: Inland $0.20 + Draft charges Outgoing: Overseas Depends on destintation WIRE TRANSFERS International Wire Transfers (local equivalent): Branch Internet STANDING ORDERS $1 to $9,999.99 $60.00 $40.00 Set-up $10,000.00 to $99,999.99 $80.00 $60.00 Amendment $15.00 $100,000 and Over $130.00 $90.00 Internal Orders : Local / Regional Transfers: Loan Payments or Safety Deposit Box/Premier annual fees To /from an account held at other local banks via RTGS (local currency transactions only) $0.00 $0.00 Between other accounts $5.00 To an account held at one of our regional branches $40.00 $30.00 External Standing Orders: Incoming Wire Transfers: To transfer funds LOCALLY $10.00 + draft fee To credit an account at one of our branches $10.00 To transfer funds OVERSEAS $10.00 + draft/wire fee To credit an account held at other local banks $20.00 Payable on presentation of Photo Identification $25.00 BILL PAYMENT Returned Wire Payments: Incoming and Outgoing USD $30.00 equiv. Via the Branch Counter Tracers on Wire Transfers USD $40.00 equiv. Via the ABM Notes: 1. All figures are quoted in local currency unless otherwise stated. 2. RTGS - Real Time Gross Settlement is an initiative of some local Central Banks that allows commercial banks to make (large) inter-bank transactions in real-time in local currency. DRAFTS &/OR INTERNATIONAL MONEY ORDERS Schedule of Charges SUNDRY SERVICES Via the Internet Via Standing Order (Pre-Authorized Payment) ACCOUNT TRANSFERS By customer via our ABM, telephone or online Banking By customer via another Bank ABM Local drafts (Manager s cheques) $15.00 By us on written/faxed/telephoned instructions $15.00 USD Currency Drafts (IMOs) Up to $14,999.99 $30.00 CHEQUE RELATED $15,000.00 and over $80.00 Cheque books (all styles) $5 + Cost + stamp duty Other Foreign Currency Drafts (IMOs) Stop payment on a local cheque (all reasons) $25.00 each Stop payment on a foreign cheque (all reasons) $62.50 Up to $14,999.99 $25.00 (includes foreign bank fees) $15,000.00 and over $75.00 Charge backs (items returned to us by another bank): Tracers on Local drafts $15.00 + costs Local cheque $25.00 Tracer on Foreign drafts $40.00 + costs Foreign cheque $50.00 Stop Payment on Local drafts $25.00 Non-Sufficient Funds $40.00 Stop Payment on Foreign drafts $62.50-(includes foreign bank fees) Third Party (Non Customers) Cheque Cashing Fee $5.00 Duplicate / Replacement drafts Original draft fee Foreign Cheque Processing Fee $3.00 6
Schedule of Charges SUNDRY SERVICES FOREIGN CURRENCY EXCHANGE RESEARCH Charges for foreign currency transactions where same currency tendered as for that being purchased 1% of USD equiv, Min $10.00 Where vouchers are held at local branch $20.00 per hour Local currency for foreign currency Daily rates apply Same Month (within 30 days of last statement): Foreign currency for local currency Daily rates apply 1-5 Vouchers / Items $20.00 per hour Preparation & Submission of FC forms for Approval Each additional Voucher / Item Covered above Registration of inward investment with Central Bank (preparation 2 months - 12 Months: &/or submission of Central Bank forms) Registration for funds for repatriation 1-5 Vouchers / Items $20.00 per hour ABM Each additional Voucher / Item Over 1 Year and up to 7 Years: Covered above New issue / replacement of expired or stolen card 1-5 Vouchers / Items $20.00 per hour Replacement of lost card $25.00 Each additional Voucher / Item Covered above **Mini Statement Print $1.00 ABM Deposits MISCELLANEOUS SERVICES ABM Withdrawals: Audit Certificate $25.00 At a FirstCaribbean ABM $1.00 Certificate / Confirmation of balance $25.00 At another bank s ABM Certificate of interest Paid $25.00 Point of Sale purchases **FREE ABM Withdrawals & Ministatements for the following account types: Direct Banking, Bank@Work, Bank@School, Senior Savings, Senior Chequing Reference Letters $25.00 Reference Letters: provided on the same day $40.00 STATEMENTS Fax sent / received for a customer: Mailed / Regular / diary filled statement USA $50.00 per page Duplicate / Additional / Interim statement $15.00 each Elsewhere including local $10.00 per page Screen print / photocopy $15.00 each Signature verification $5.00 Held for collection at the Branch $20.00 each Insurance on Registered Mail Cost E-statement: Photocopying documents $5.00 per sheet Set Up Coin Orders (requesting coin)-same day request 1% Min. $12.00 Monthly Subscription Fee (to be collected via standing order) Coin Handling (exchanging for Bills) 1% Min. $8.00 Daily files US$50.00 / account Hold Mail $20.00 Weekly Files US$20.00 / account Monthly Files US$15.00 / account DORMANCY PROTECTION Transaction Fee No charge Initial Notice (when account goes dormant after 4 years of inactivity) $30.00 Notice thereafter ( every year of inactivity) $30.00 each Reactivation Transfer to Central Bank (after 10 years of dormancy) $20.00 + VAT 7
ACCOUNT CLOSURE Schedule of Charges SUNDRY SERVICES Chequing: Annual (Rental) Fees: Within 90 days $50.00 Sealed envelopes (letter sizes) $40.00 Within 180 days $20.00 Sealed packages: Savings: Small $100.00 Within 90 days $100.00 Large $200.00 Within 180 days $50.00 Sealed boxes $300.00 Stocks, Debentures, Share Certificates, Deeds, Treasury $220.00 SureStart $20.00 Bills safekeeping, Savings Certificates Refund of Annual Rental Fee 1/12 of annual fee for each unused full month SAFETY DEPOSIT BOXES Other Fees: Annual Rental Fees: Number of free visits 3 per month Small $220.00 Additional visits per month $5.00 each Medium $300.00 Clipping coupons **Refund of Annual Rental Fee (box closed before year end) Annual fee less outstanding charges & taxes Obsolete collateral SAFEKEEPING AND SECURITIES Other Fees: Number of free visits 3 per month Additional visits $5.00 each Cashed In TRAVELERS CHEQUES Forced entry / Drilling of Box $100.00 + expenses Listing of contents $80.00 Replacement / Lost key $10.00 Notification of Safety Deposit arrears LARGE CASH DEPOSITS Fee for depositing large cash deposits in-branch Free $5 per every $1,000 in cash deposited over USD$5,000 equiv. Notes: 1. * - Product/Service Not offered to new clients 2. All figures are quoted in local currency unless otherwise stated. $0.50 per every $1,000 in cash deposited over Fee for depositing large cash deposits via Night deposits USD$10,000 equiv. AMEX: Free VISA: 0.25% Min$12.00 8
LENDING SERVICES OVERDRAFTS Schedule of Charges LENDING AND CARD SERVICES VISA DEBIT CARDS - USD CURRENCY USD VISA DEBIT CARDS Setup / Annual Renewal Fee 1.5% Min.$250.00 Annual Fees No charge Standby / Availment (Commitment) fee 1.5% Min.$250.00 Fast Card Fees (Courier charges only) $45.00 Excess Overdraft Fee 1.00% Min. $30.00 ABM Balance Inquiry Fee: Unauthorized Overdraft Fee 2.00% Min. $30.00 At a local FirstCaribbean ABM No charge Note: Overdraft interest rates are charged separately. See rate bulletin for rates. At another bank s ABM $0.50 LOANS & MORTGAGES ABM Withdrawals: At a local FirstCaribbean ABM No charge See Loans Section on the Intranet At another local bank s ABM $3.00 At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $3.00 CREDIT CARDS Point of Sale Purchases: Free CREDIT CARDS Replacement & Additional Cards - Classic $5.00 See Credit Card Section on the Intranet Replacement & Additional Cards - Platinum $10.00 Stamp Duty Declined Transactions: At a local FirstCaribbean ABM No charge Notes: At another local bank s ABM $1.00 1. * - Product/Service Not offered to new clients At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $1.00 2. All figures are quoted in local currency unless otherwise stated. 9
E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS (where applicable) ) Set up Fee Annual Fees: Service Fee (monthly) Canvas Wallets Operational Fee (per payroll run) $5.00 Disposable Bags $60.00 Transaction Fee (per credit/payment): Short Term Rental (30 days or less): Per credit to employee account with FirstCaribbean $0.25 Canvas Bags Per credit to employee account with Another Bank $0.50 Disposable Bags Late transmission of payroll file $10.00 Safekeeping (where contents remain in bag): Canvas Bags E-Cheque Card Accounts Disposable Bags Minimum monthly service fee Rebates: Withdrawals / Cheques per entry $0.75 Canvas Bags Deposits / Credits per entry $0.75 Disposable Bags 10 MANUAL PAYROLL - Paper List Option Per Package of 100 (Disposable Only): Small: 9 x 12 $10.00 Set up Fee Medium: 12 x 16 $12.50 Service Fee (monthly) Large: 19 x 28 $15.00 Operational Fee (per payroll run) $30.00 Replacement and Repairs: Transaction Fee (per credit/payment): Canvas Bag Per credit to employee account with FirstCaribbean $3.00 Canvas Bag Keys Per credit to employee account with Another Bank $7.50 Trap Door Key $25.00 Late transmission of payroll file $20.00 Additional Key $25.00 MANUAL PAYROLL - Cash/Envelope Option Set up Fee Service Fee (monthly) Operational Fee (per payroll run) $30.00 Transaction Fee (per credit/payment): Per credit to employee account with FirstCaribbean $3.00 Per credit to employee account with Another Bank $5.00 Late transmission of payroll file Schedule of Charges CORPORATE SERVICES NIGHT WALLET DEPOSITORY OVER-THE-COUNTER PAYROLL ONLINE BILL PAYMENT Set up Fee Where a company signs up as a Biller on FirstCaribbean Internet Banking Service Fee (monthly) Charge Per Payment $0.60 Operational Fee (per payroll run) $60.00 Transaction Fee (per credit/payment): Notes: Per credit to employee account with FirstCaribbean $3.00 1. * - Product/Service Not offered to new clients Per credit to employee account with Another Bank $7.50 2. All figures are quoted in local currency unless otherwise stated. Same day/immediate request $80.00 10
Performance Bonds 1.25% p.a. Min $55.00 Advising Credits Customs Bond 1.00 p.a. Min $35.00 Amendments to credits Guarantee Bond 1.25% p.a. Min $55.00 Confirming credits LETTERS OF CREDIT: IMPORT (INWARD) CLEAN & DOCUMENTARY Establishment Commission Sight to 3 days: For the first quarter Each additional month Term Max 1 year: For the first quarter Each additional month Amendments, Extensions and Increases: Amendments Extensions Increases BONDS, INDEMNITIES & GUARANTEES 1.00% Min $55.00 + SWIFT costs 1.00% Min $55.00 + SWIFT costs 1.00% Min $55.00 + SWIFT costs 1.00% Min $55.00 + SWIFT costs Schedule of Charges TRADE SERVICES $55.00 + charges $55.00 + charges $55.00 + charges Drawings LETTERS OF CREDIT: EXPORT (INWARD 11
DOCUMENTARY COLLECTIONS (IMPORT & EXPORT) Clean Collection: Handling Charge: All amounts 0.50% Min $11.00 Max $100.00 Inward (clean or Documentary except cheques): Interest charge Local or Foreign Currency: $75.00 Sight 0.75% Min $55.00 Max $250.00 Term 1.00% Min $55.00 Max $250.00 Schedule of Charges TRADE SERVICES Collection Commission: All amounts 0.75% Min $55.00 Max $250.00 Holding Commission: Sight bills $11.00 per month Matured / Accepted Bills $11.00 per month Shipping Guarantees (Guarantees re Missing Bills of Lading) First 3 months or part thereof 1.00% Min $50.00 Each Additional month 1.00% Min $50.00 Return (of Documents) Charges $11.00 + holding fee Protest Fee $55.00 + legal costs Airmail Charges $5.50 Inward: $50.00 Cheques received for collection 0.50% Min $11.00 Max $100.00 Outward: Foreign Cheques 0.50% Min $11.00 Max $100.00 Notes: Clean (coupons, bonds, debentures etc) 0.50% Min $11.00 Max $100.00 1. * - Product/Service Not offered to new clients Documentary collections/handling Charge $8.25 2. All figures are quoted in local currency unless otherwis 12
D) CLEAN & DOCUMENTARY $55.00 $55.00 + swift/mail costs 1% Min $55.00 0.25% Min $55.00 Max $25.00 13
se stated. 14