bosl fees and charges saint lucia update: june 1, 2019 ...ordinary/supersaver/honour 50/achiever...

TYPES OF PRODUCT / SERVICES AND THE ASSOCIATED FEES

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BOSL Fees and Charges

Saint Lucia

Update: June 1, 2019

Effective: July 31, 2019


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Schedule of Charges

Contents

1. Deposit Services

2. Chequing Services

3. Sub-Branches

a. Bureau de Change

b. BOSL Express – Mega Massy

4. Card Services

5. Merchant Services

6. Foreign Business

7. Foreign Trade

8. Lending

9. Investment Services


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DEPOSIT SERVICES SAVINGS ACCOUNTS SAVINGS ACCOUNTS

ORDINARY/SUPERSAVER/HONOUR 50/ACHIEVER PLUS

Service charge monthly $3.00

Excessive Transaction Fee - 2 per month $2.50

Minimum balance violation charge on special accounts $5.00

Accounts closed within 3 months $40.00


Returned Cheque on account $60.00

Bank Statements $31.00

Reference Letters $31.00

Tax Letters prior years $31.00

Transfer between accounts $ -

Transfer from one customer to another within or among branches. $ -

Standing orders to outside parties including stamp duty where applicable. $25.00

One time transfer of funds outside Bank $25.00

Reminder to Inactive Account Holders $15.00

Dormant account notices per year $20.00

Third party transaction withdrawals $15.00


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TERM DEPOSITS

XCD and US Term Deposits

Penalty charged for closure of account before maturity (reduction in interest rate)

0.75%

Penalty charged for closure of account before maturity (within 3 mths no interest paid)

0% interest


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CURRENT ACCOUNTS

DDA and CALL

Stamp Duty per cheque $0.30

Service charge monthly - minimum $7.50

Service Charge EC Accounts $2.00

Cheques drawn against uncleared funds $60.00

Minimum Interest charged on overdrawn Accounts $55.00

Return items on us $60.00

Return items not on us $60.00

NSF Fee $70.00

Transfer to account(s) to cover NSF $15.00

Stop Payment Cheque Instructions $35.00

Duplicate Statements $15.00

Bank Statements $31.00

Transfer of Funds from one account to another $ -

Standing orders to outside parties including stamp duty where applicable. $25.00



Inactive account notices $15.00

Dormant Account notices $20.00


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PERSONAL CHEQUING

Stamp Duty per cheque $0.30


Service charge per item $1.50

Cheques drawn against uncleared funds $60.00

Return items on us $60.00

Return items not on us $60.00

NSF Fee $70.00

One time transfer of funds outside Bank $25.00

Bank Statement $31.00

Transfer of Funds from one account to another $ -

Stop Payment Instructions $35.00

Duplicate Statements $15.00

Transfer of Funds between accounts to cover overdraft $20.00



Inactive account notices $15.00

Dormant Account notices $20.00


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OVERDRAFTS

Non-submission of financial statements after 120 days grace $375.00

Extension of overdraft facility $450.00

Minimum Monthly Interest charge $60.00

Interest charge on overdrawn balances above limit 19.50%

Interest Charge on unauthorized overdrawn balances 19.50%

SUPERIOR CHEQUING SERVICES (SCS – 24)

Monthly Service Charge $35.00

Stamp duty per cheque $0.30

Overdraft Interest above limit 19.50%

NSF Fee $70.00

Returned cheque on us $60.00

Returned cheque not on us $60.00

CUSTOMER FOREIGN CURRENCY ACCOUNTS


Service Charge US Accounts $2.00

Service Charge EURO Accounts €2.00

CFC Accounts withdrawals $2.00


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SUB BRANCHES - BUREAU AND BOSL EXPRESS

BUREAU D' CHANGE

Savings Deposit (per transaction) $6.00

Savings Withdrawal (per transaction) $6.00

Cheque cashed (per transaction) $6.00 DDA deposit (per transaction) $6.00

Cashing of Foreign cash 1.5% minimum $6.00

BOSL EXPRESS - MASSY MEGA

Savings Deposit (per transaction) $6.00

Savings Withdrawal (per transaction) $6.00 DDA deposit (per transaction) $6.00

Cheque cashed (per transaction) $6.00 Alchemy Transaction $6.00

Depositing Foreign Cash $6.00


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CREDIT CARDS

VISA CLASSIC XCD (Minimum Payment 3% on outstanding balance)

Annual Fee - Primary $100.00

Annual Fee - Supplementary $50.00

Cash Advances 2.75%, minimum $12

Late Payment Fee $30.00

Over Limit Fee $44.00

Returned Cheque Fee $60.00

Copy of Transaction/Charge Slip $5.00

Statement Copy Fee $25.00

Replacement Card $38.00

Emergency Replacement Card $65.00

Urgent Payment Fee $15.00

Standing Orders $ -

Charge Back Credit Card $188.00

Increase in Limit Fee $85.00

Revolving Interest Rate 1.625%p.m./1.5%p.m./ 1.416 p.m. /1.333p.m. based on security


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VISA CLASSIC USD (Minimum Payment 3% on outstanding balance)



Cash Advances 2.75%, minimum $12.00

Dishonored Cheque Charge (NSF)

$60.00




Copy of Transaction Slip $5.00




Standing Orders $ -



Revolving Interest Rate

1.625% p.m. /1.5%p.m./1.416 p.m. /1.333p.m. based on security


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VISA GOLD XCD (Minimum Payment 3% on outstanding balance)




Dishonoured cheque $ -




Copy of Transaction/Slip $5.00





Standing Orders $ -


Increase in Limit Fee $ 85.00


1.625% p.m. /1.5%p.m./1.416 p.m./ 1.333p.m. based on security


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VISA GOLD USD (Minimum Payment 3% on outstanding balance)











Standing Orders $ -




1.625% p.m. /1.5%p.m./1.416 p.m./1.333p.m. based on security


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VISA BUSINESS XCD (Minimum Payment 3% on outstanding balance)

Annual Fee - Primary (Principal Owner/Partner/Employee)

$400.00










Standing Orders $5.00






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VISA BUSINESS USD (Minimum Payment 3% on outstanding balance)











Standing Orders $ -






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VISA PLATINUM XCD (Minimum Payment 3% on outstanding balance)







Copy of Transaction/Slip $ 5.00

Replacement Card $ -



Standing Orders $ -






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VISA PLATINUM US (Minimum Payment 3% on outstanding balance)









Replacement Card $ -



Standing Orders $ -






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MERCHANT SERVICES MERCHANTS

Point of Sale Machines (Wired) - p.m. $25.00

- Commission Fees 3.50%

Wireless Point of Sale Terminals

New Merchants - Monthly Administration Fee - per month(negotiable) $100.00

- Commission Fees 4.00%

Existing Merchants - Monthly Administration Fee- (as negotiated) $50.00 - $100.00

- Commission Fees Existing rate

On us fee $1.00

DEBIT CARD

Conversion Rate for transactions

1. Debit Card 2.7169

2. Credit Card 2.7169

Replacement Card

Classic $31.00

Gold $44.00

Emergency Card ( 1 business day) $34.00

Classic $25.00

Gold $35.00

Transaction Fees- Other Banks' ATMs $6.00

Transaction Fees- Other Banks POS Terminals $2.00

Cash Advance- Other Banks $10.00

ATM Denial Fee- Other Banks ATMs $2.00


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FOREIGN BUSINESS

WIRE TRANSFERS - INCOMING

EC $30.00

US $15.00

GPB $15.00

CDN $15.00

EURO €15.00

Payment to another bank $45.00

Special Clearings of foreign cheques (urgent)- plus out of pocket (FedEx charge)

$100.00

SALE OF DRAFTS

Sale of Drafts $31.25

Stop Payment of drafts Purchased $70.00

WIRE TRANSFERS - OUTGOING

(a) Regional $60.00

(b) International

North America $90.00

Europe $105.00

Far East $170.00

Enquiry/Tracing outgoing wire transfers International $202.25

Enquiry/Tracing outgoing wire transfers Regional $100.00

PURCHASES

Purchase of Drafts - Per Cheque

Purchase Drafts - USD $15.00

Purchase Drafts - CDN $15.00

Purchase Drafts - GPB $15.00

Purchases – Drafts (Stamp Duty) $0.30


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Returned Foreign Currency Cheque

US $100.00

Sterling $110.00

CDN $105.00


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FOREIGN TRADE

BILLS FOR COLLECTION – INWARD BILLS FOR COLLECTION – INWARD

Collection Commission – up to $25,000.00 1% min $250 $25,000.00; ¾% over $25,000.00

Commission - Clean Collection $50.00 plus out of pocket expenses

Holding Commission – Sight bills;17 days after the arrival of goods plus 3 days grace

$50.00 per month or part thereof

Holding Commission - Acceptance bills; 16days after maturity date; $50.00 per month or part thereof

Holding Commission – Clean bills

$50.00 per month or part thereof, after presentation.

Certificate of transfer of title of goods per set of documents $38.00

Payments to Agents $200.00

Return charges / Holding charges etc. $200.00

Storage of Goods $150.00

Delivering documents to agents (per set) $40.00

Interest Charge - sight In accordance with instructions

Interest Charge - tenor In accordance with instructions

Altering tenor or extending due date - for each alteration $62.00


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Re shipping of documents - plus out of pocket expenses $188.00

Endorsement of shipping documents $62.00

Collection of Partial Payments $62.00

Certificate to Transfer the title of Goods $62.00

Statement of Past Due Bills (provided at drawee’s request) $62.00

Statement of Past Due Bills (provided at drawer’s request) $62.00

Insurance of Goods $68.00

Noting Fees-plus legal costs $94.00

Protest Fees-plus legal costs $188.00

Delivery Orders $62.00

Cheques for Collection(Inward) $50.00 per check plus wire transfer charges

Airmail charge on advice letter - Bank Charges plus postage $75.00

Bills for acceptance & return $31.00

Indemnity – Airway Bill $125.00 for 1st three months - $38.00 per month thereafter

Interest Charges - Sight As billed by principals

Interest Charges – Sight or Tenor ( Foreign & Local)

Existing minimum overdraft rate or as billed

by principal whichever is higher

Shipping Indemnity re: missing bill of lading $125.00 for 1st three months, $50.00 for each additional month


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BONDS AND GUARANTEES

Guarantees (except shipping guarantees) Amounts under $25,000.00 2% p.a. minimum $312.00

Bid Bonds (Tender Guarantees) 2% p.a. up to $25,000.00 1% on amounts above $25,000.00 – minimum $1500.00

Performance (bonds) Guarantees 2% p.a. up to $25,000.00 1% on amounts above $25,000.00 – minimum $1,500.00

CUSTOM BONDS

Establishment and renewal of Custom Bonds 2.50 % on amount Minimum $312.00


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LETTERS OF CREDIT – OUTWARD (Imports)

Establishment of Commercial Clean Documentary credit – sight and up to 3 days sight

1.25% min $312.50

Acceptances (Term) 1.25% min $312.50 plus additional 1/2 percent as per 30 days or part thereof or tenor

(a) Amendments / Extensions (Due date) $150.00

(b) Increase in amount 1.75% on increase minimum $250.00

(C) Other amendments e.g. Sight to Acceptance or vice versa $150.00

Increase in amount during validity of credit Up to $25,000 1.25% minimum $95.00 over $25,000 .75% - minimum $312.50

Back to Back Letter of Credit 2.25% of amount for every three months or part thereof min $625.00

Cancellation As billed by correspondent plus $125.00

Revolving Commercial Documentary & Revolving Commercial Clean Credit same as sight

Clean Encashment Credit:

(a) within the country $62.00

(b) outside the country $94.00

Interest At current minimum overdraft rate from negotiation to settlement date.

Deposits in Foreign Currency Re: Letter of Credit (Refund on cash over) Refunded at buying rate (current)


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LETTERS OF CREDIT – INWARD (Exports)

Confirmation of Irrevocable Letter of Credit established by Banking Correspondent - Cashing Credits

.75% per month; Min. $312.50

Confirmation of Irrevocable Letter of Credit established by Banking Correspondent

.75% for regional; 1% international

Advising of credit - regionally .75% - Min. $125.01

Advising of credit - internationally 1% minimum $250.00

Amendments to Inward credits $94.00

Amendment to credits: Extensions / Increases / Other $125.00

Extensions $125.00

Amount $100.00

Cancellation $75.00

DRAWINGS

Negotiation Charge Bills up to $5,000 1.25% minimum; $50.00 3/4% on excess of $10,000


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STANDBY LETTERS OF CREDIT

Establishment of Standby Letter of Credit 1.25% on amount; Min. $375.00.

(a) Amendments $150.00 per amendment plus actual cost of message

(b) Increase in amount 1.75% on increase min $250.00

Increase in amount during validity of credit 1.25% on increase; min. $375.00

Renewal Same as establishment


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SUNDRY SERVICES

NIGHT SAFE

Annually rental per annum $240.00

Repairs to wallet Cost of repairs plus 10% of wallet cost

Replaced wallets (Lost/Damaged) $375.00

Replacement Keys $125.00

Short term rentals (less than 30 days) $62.00

SAFE DEPOSIT BOXES

(a) Small p.a. $230.00

(b) Medium p.a. $270.00

(c) Large p.a. $330.00

(c) Extra Large p.a. $360.00

Replacement of lost keys $375.00

2 free visits per month any additional Visits charge - per visit $15.00

SAFE CUSTODY

Safe custody items $300.00

Small packages and boxes (Contents must be investigated by an employee of the bank).

$200.00

Each additional visit $15.00

Identification of abandoned property safe deposit boxes $50.00


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AUTOMATIC TELLER MACHINES – ATM

Transactions: (Off-site)

Deposits NIL

Withdrawals $0.50

Enquiries NIL

Not on us cards $0.50

UTILITY PAYMENTS

Cable & Wireless $500.00 plus $2.50 per transaction to be collected monthly on renewal of contract

Digicel $500.00 plus $2.50 per transaction to be collected monthly on renewal of contract

St. Lucia Electricity Services $500.00 plus $2.50 per transaction to be collected monthly on renewal of contract

Water & Sewerage Company Inc. (WASCO) $500.00 plus $2.50 per transaction to be collected monthly on renewal of contract

COURTS $500.00 plus $2.50 per transaction to be collected monthly on renewal of contract

PAYMENTS

EFT Salaries

Monthly charge $30.00

Fee per file $2.00

Transaction Rage

Below 200 $0.50

200 - 499 $0.40

500 - 999 $0.30

1000 - 1999 $0.20

Above 2000 $0.10


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VOUCHER SEARCH

2 years back

$100.00 for every year 3 years back

4 years back

5 years back

6 years back

AUDIT CONFIRMATIONS

1 Year prior to current year $75.00

2 Years prior to current year $100.00




6 Years or more to current year $300.00

SUNDRY FEES

Purchase of coins $50.00

Cash Breakdowns 1%

Cheques cashed by non-customers $5.00

Verification of surveillance Tapes $100.00

Producing Photo $50.00

Cost of Cheque Book: - Bank of St. Lucia design - (Style 201)

25, 50, 100 Leaf as billed

Other Style as charged by Moore

Attorneys-at-law queries re estate accounts $40.00


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LENDING LOANS & ADVANCES

Statement of Interest Paid Prior Years $31.00

Commitment Fee (Negotiation, Acceptance Fee)

(a) Mortgages 1.5% under $100M; 1.25% $101M and over

(b) Demand Loans, Corporate Loans and Overdrafts 1.5% up to $500M; 1.25% $501M and over

Undrawn Commitments 0.25% Quarterly on Undrawn Balances of Approved Loans.

Late loan payment fees $62.00

Waiver of Loan Repayments - per payment $30.00

Administration Fee $100.00 - $1000.00 per occasion

Penalty for breach condition - per month $450.00

Renewal Fee for overdraft facility 1% of amount reviewed and renewed – minimum $375.00

Administrative Fee - Premium Finance $75.00

STUDENT LOANS

Administration Fees 2% of loan amount

VALUATION & INSPECTION FEES

Site visits for supervision of projects - per visit


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INVESTMENT SERVICES

ECCSR FORMS

Addition/Removal of Shareholder $25.00

Change of Address for non-ECFH shares $20.00

Change of Name $25.00

Donation Transfer $25.00

Charging of Securities $25.00

Release of Charge $25.00

Transfer on Death $25.00

Notice of Death for non-ECFH shares $25.00

Change of Payment Option - for non-ECFH shares $20.00

Primary Person Designation $25.00

bosl fees and charges saint lucia update: june 1, 2019 ...ordinary/supersaver/honour 50/achiever...

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