schedule of charges - cibc · charges vat final charges (pre ‐vat) 7.50% (inc.vat) schedule of...

Effective: March 1, 2018

Schedule of Charges

BAHAMAS

Retail

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1

2

3 SUNDRYSERVICES

4 LENDINGANDCARDSERVICES

5 CORPORATESERVICES

6 TRADESERVICES

ScheduleofChargesCONTENTS

PERSONALDEPOSITANDTRANSACTIONACCOUNTS‐LOCAL

PERSONALDEPOSITANDTRANSACTIONACCOUNTS‐FOREIGNCURRENCY

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CHARGES VAT FINAL CHARGES (pre ‐VAT) 7.50% (inc.VAT)

Average Balance to avoid monthly service fee 1,000.00 1,000.00

Monthly Service Fee for falling below average balance 12.00 0.90 12.90

Debits/Withdrawals fee (after free debits)2 free, thereafter $1.50 + stamp

duty

0.11 2 free, thereafter $1.61 + stamp

duty

Deposits/Credits – In Branch/Over The Counter No Charge No Charge

* Money Multiplier Accounts (Product Code 9 and 118)




duty


duty


Chequing Plus Accounts (Product Code 730)




duty


duty


Average Balance to avoid monthly service fee 500.00 500.00


Debits/Withdrawals fee (after free debits) $1.50 each + stamp duty 0.11 $1.61 each + stamp duty


No Passbook ‐ transactions $2.00 (ex‐CIBC only) 0.15 $2.15 (ex‐CIBC only)

Savings Plus Accounts (Product Code 697)




duty


duty


Regular Savings Accounts (Product Code 19, 33 and 180)

ScheduleofChargesPERSONALDEPOSITANDTRANSACTIONACCOUNTS‐LOCALCURRENCY

Regular Chequing Accounts (Product Code 22, 104 and 117)

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Direct Banking Accounts (Product Code 723)

Withdrawals / Debits – Over The Counter (each) $5.00 0.38 $5.38

Deposits / Credits ‐ In Branch/Over The Counter (each) $5.00 0.38 $5.38

Bank@Work Accounts (Product Code 823)

Withdrawals / Debits – Over The Counter 10 free, thereafter $1.05 each +

stamp duty

0.08 10 free, thereafter $1.13 each +

stamp duty

Deposits / Credits ‐ In Branch/Over The Counter No Charge No Charge

Bank @ School Accounts (Product Code 798)

Withdrawals / Debits – Over The Counter No Charge No Charge


SureStart (Junior Savers) Accounts (Product Code 169)

Monthly service fee No Charge No Charge

Withdrawals / Debits – Over The Counter 4 free, thereafter $0.50 0.04 4 free, thereafter $0.59

Deposits / Credits ‐ In Branch/Over The CounterNo Charge No Charge

Senior Savers Accounts (Product Code 44 and 176)

Monthly service fee for falling below average balance No Charge No Charge



Seniors Chequing Accounts (Product Code 170)

Monthly service fee for falling below average balance No Charge No Charge



See Sundry Services Section for Applicable ABM charges

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Platinum Chequing Accounts (Product code 782)

Average balance to avoid monthly service fee N/A N/A

Withdrawals /Debits/Cheques – In Branch/Over The

Counter

No Charge No Charge


Fixed Deposit Accounts

Transfer to another internal account on maturity

Transfer to another institution on maturity

Notes:

1. * ‐ Product/Service Not offered to new clients

2. Senior Chequing & Savings Accounts ‐ Commission Free Services on Local Mgr Cheques, Standing Orders & Traveller's Cheques

3. All figures are quoted in Bahamas Dollars unless otherwise stated.

No charge

Draft/Wire Cost

Early Redemption Fees ‐ Non‐redeemable Fixed deposits only :

Terms 1K 10K 50K 100K 250K 500K 1M 5M

30 – 365 days $50 $50 $150 $150 $150 $500 $1,000 $3,000

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UNITED STATES DOLLAR (USD)

USD Chequing Accounts (Product code 24)

Monthly Service Fee for falling below average

balance

6.00 0.45 6.45

Debits/Withdrawals fee (after free debits) 2 free, thereafter $0.55 +

stamp duty

0.04 2 free, thereafter $0.59 +

stamp duty



balance

No Charge No Charge

Debits/Withdrawals fee (after free debits) 2 free, thereafter $1.00 +

stamp duty


stamp duty


CANADIAN DOLLAR (CAD)

CAD Chequing Accounts (Product code 23)


balance

6.00 0.45 6.45

Withdrawals/ Debits fee (after free debits) 2 free, thereafter $0.55 +

stamp duty


stamp duty



balance

No Charge No Charge

Withdrawals/ Debits fee (after free debits) 2 free, thereafter $0.50 +

stamp duty


stamp duty


CAD Savings Accounts (Product Code 35*, 36*, 177 and 232*)

ScheduleofCharges


USD Savings Accounts (Product Code 37*,38* and 103)

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ScheduleofCharges


POUND STERLING (GBP)

GBP Chequing Accounts (Product Code 120)


balance

£5.00 £0.38 £5.38

Withdrawals/ Debits fee (after free debits) 2 free, thereafter £0.55 +

stamp duty

0.04 2 free, thereafter £0.59 +

stamp duty


GBP Savings Accounts (Product Code 178 and 231)


balance

No Charge No Charge

Withdrawals/ Debits fee (after free debits) 2 free, thereafter £1.00 +

stamp duty

0.08 2 free, thereafter £1.08 +

stamp duty


EURO DOLLARS (EUR)


balance

€ 6.00 0.45 € 6.45

Withdrawals/ Debits fee (after free debits) 2 free, thereafter €0.55 +

stamp duty

0.04 2 free, thereafter €0.59 +

stamp duty


EUR deposit charge 0.7% p.a. of Average Monthly

Balance

0.053% 0.753% p.a. of Average

Monthly Balance


balance

No Charge No Charge

Withdrawals/ Debits fee (after free debits) 2 free, thereafter €1.00 +

stamp duty

0.08 2 free, thereafter €1.08 +

stamp duty


EUR deposit charge 0.7% p.a. of Average Monthly

Balance

0.053% 0.753% p.a. of Average

Monthly Balance

EUR Chequing Accounts (Product Code 122)

EUR Savings Accounts (Product Code 53)

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ScheduleofCharges


Notes:


2. Senior Chequing & Savings Accounts ‐ Commission Free Services on Local Mgr Cheques, Standing Orders & Traveller's Cheques


4. EUR currency fixed deposits and transaction accounts, where offered, are charged at a rate of 0.70% per annum.

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INTERNET AND TELEPHONE BANKING

Monthly Access Fee

WIRE TRANSFERS

Via Internet Via Branch Via Internet Via Branch Via Internet Via Branch

$1 to $9,999.99 $45.00 $75.00 $3.38 $5.63 $48.38 $80.63

$10,000 to $99,999.100 $55.00 $85.00 $4.13 $6.38 $59.13 $91.38

$100,000 and Over $80.00 $125.00 $6.00 $9.38 $86.00 $134.38

Local / Regional Transfers

To / from an account held at other local banks via RTGS

(local currency transactions only)$5.00 $10.00 $0.38 $0.75 $5.38 $10.75

To an account held at one of our regional branches $30.00 $40.00 $2.25 $3.00 $32.25 $43.00

Incoming Wire Transfers

To credit an account at one of our branches

To credit an account held at other local banks

Payable on presentation of Photo Identification

Returned Wire Payments: Incoming and Outgoing

Tracers on Wire Transfers

DRAFTS

Local Draft (Manager's Cheque)

USD Draft

Up to $24,999

$25,000 & Over

Other Foreign Currency Draft

Up to $24,999

$25,000 & Over

Tracers on Local Drafts (plus costs)

Tracers on Foreign Drafts (plus costs)

Stop Payment on Local Drafts (plus costs)

Stop Payment on Foreign Drafts

(includes foreign bank charges)

Duplicate / Replacement Drafts

MAIL TRANSFERS

Outgoing: Inland

Incoming

$62.50 $4.69 USD $67.19 Equivalent

N/A N/A

$1.69

$72.50

$27.50

$22.50 $1.69 $24.19 + Stamp Duty

$40.00 $3.00 $43 + Costs

Original Draft Fee Original Draft Fee

$10.00 $0.75 $10.75 + Costs

$67.50 $5.06 $72.56 + Stamp Duty

$77.94 + Stamp Duty

$29.19 + Stamp Duty

$25.00 $1.88 $26.88 + Costs

$5.44

$0.84 $12.09

No Charge No Charge

CHARGES VAT FINAL CHARGES

(pre ‐VAT) 7.5% (inc.VAT)

USD $30.00 USD$2.25 USD $32.25

USD $40.00 USD$3.00

ScheduleofCharges

SUNDRYSERVICES

$20.00 $1.50 $21.50

$11.25

$30.00 $2.25 $32.25

USD $43.00

$4.00 $0.30 $4.3 +Draft Charges

$8.00 $0.60 $8.60

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.

3. All wires are sent for Beneficiary to pay Correspondent fees

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ScheduleofCharges

SUNDRYSERVICES

STANDING ORDERS

Set‐up

Amendment

Internal Standing Orders Loan Payments or Safety Deposit Box/Premier annual

fees

Between other accounts

External Standing Orders:

To transfer funds LOCALLY

To transfer funds OVERSEAS

BILL PAYMENT

Via the Branch Counter

Via the ABM

Via the Internet

Via Standing Order (Diary Card) ‐bills sent to us for

payment

ACCOUNT TRANSFERS

By customer via our ABM, telephone or online Banking

By customer via another Bank ABM

By us on written/faxed/telephoned instructions

CHEQUE RELATED

Cheque Books (all styles)

Stop payment on a local cheque (all reasons)

Stop payment on a foreign cheque (all reasons)

Charge backs ‐ (items returned to us by another bank)

Local Cheque

Foreign Cheque

Non‐Sufficient Funds (return cheque charge)

Postdated cheques

Third Party (Non Customers) Cheque Cashing Fee

Foreign Cheque Processing Fee

$10.00 $0.75 $10.75

$10.00 + draft/wire fee $0.75 $10.75 + draft/wire fee

$10.75 + draft fee (via draft)

$21.50 (via RTGS

$2.00 $0.15 $2.15

No Charge No Charge

$6.00 $0.45 $6.45

$0.75

$1.50

$10.00 + draft fee (via

draft)

$ (

No Charge No Charge

$1.00 $0.08 $1.08

No Charge No Charge

$10.00 + draft fee $0.75 $10.75 + draft fee

No Charge N/A No Charge

$0.38 + 0.15 if advice is required$5.00 + $2.00 if advice is

required

$5.38 + $2.15 if advice is

required

$15.00 $1.13 $16.13

Cost + Stamp Duty$25.00 $1.88 $26.88 each

$62.50 $4.69 USD $67.19 Equivalent

$25.00 $1.88 $26.88

$50.00 $3.75 $53.75

$5.58 $0.42 $6 stamp duty

$35.00 $2.63 $37.63

$3.00 $0.23 $3.23 each

$5.00 $0.38 $5.38

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ScheduleofCharges

SUNDRYSERVICES

FOREIGN CURRENCY EXCHANGE

Local currency for foreign currency

Foreign currency for local currency (except USD)

ABM

New issue/replacement of expired or stolen card

Replacement of lost card

**Mini‐statement Print

ABM Deposits

ABM Withdrawals

At a CIBC FirstCaribbean ABM

At another bank’s ABM

Point of Sale Purchases

**FREE ABM Withdrawals & Ministatements for the following account types:

Direct Banking, Bank@Work, Bank@School, Senior Savings, Senior Chequing

STATEMENTS

Mailed/Regular/diary filled statement

Duplicate/Additional/Interim statement (each)

Screen print/photocopy (per page)

Held for Collection at the Branch (per month)

E‐statement:

Set Up

Monthly Subscription Fee (to be collected via standing order)

Daily files

Weekly Files

Monthly Files

Transaction Fee

ACCOUNT CLOSURE

Within 90 days

Within 180 days

USD20.00 / account USD 1.50 USD 21.50 / account

No Charge


1% Min $10.00 0.075% Min $0.75 1.075% Min $10.75

Exchange + Stamp Duty Exchange + Stamp Duty

$5.00 $0.38 $5.38

No Charge No Charge

$1.00 $0.08 $1.08

N/A N/A

$2.00 $0.15 $2.15

No Charge No Charge

No Charge No Charge

N/A N/A

$10.00 $0.75 $10.75

$15.00 $1.13 $16.13

$20.00 $1.50 $21.50

$15.00 $1.13 $16.13

No Charge


No charge No Charge

Nil Nil

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ScheduleofCharges

SUNDRYSERVICES

DORMANCY PROTECTION

Initial Notice

(when account goes dormant after 2 years of inactivity)

Notice thereafter (every year of inactivity)

Reactivation

Transfer to Central Bank (after 7 years of inactivity)

RESEARCH

Where vouchers are held at local branch

Same Month (within 30 days of last statement)

1‐5 Vouchers / Items

Each additional Voucher / Item

Up to 3 months



Over 3 months and up to 7 Years



Searching for or reconstructing customer records

SAFETY DEPOSIT BOXES

Annual (Rental) Fees

Small (1.5 x 5)

Medium (2.5 x 5)

Large (2.5 x 10)

Ex‐Large (5 x5)

Ex‐ Large (5 x 10)

Ex‐Large (10 x 10)

Ex‐Large (10 x 15)

**Refund of Annual Rental Fee (box closed before year end)

Other Fees:

Number of free visits per month

Additional visits per month

Forced entry / Drilling of Box

Listing of contents

Estate opening of box

Replacement / Lost key

Notification of Safety Deposit arrears

$220.00 $16.50 $236.50

$275.00 $20.63 $295.63

$110.00 / $400.00 $8.25/ $30.00 $118.25 / $430.00

$30.00 $2.25 32.25/hour (Min $32.25)

$35.00 $2.63 $37.63

$35.00 $2.63 $37.63

$50.00 $3.75 53.75(per A/C)

No Charge No Charge

No Charge No Charge

$5.25 $0.39 5.64 each

$5.25 $0.39 5.64 each

$5.00 $0.38 5.38 each

$5.00 $0.38 5.38 each

$5.00 $0.38 5.38 each

$8.50 $0.64 9.14 each

$50.00 / $100.00 $3.75/ $7.50 $53.75 / $107.50

$60.00 / $200.00 $4.50/ $15.00 $64.50 / $215.00

$110.00 / $500.00 $8.25/ $37.50 $118.25 / $537.50

$175.00 $13.13 $188.13

$25.00 per hour $1.88 $26.88 per hour

Unlimited Unlimited

No Charge each No Charge each

$100.00 $7.50 $107.50

$100.00 $7.50 $107.50

$25.00 $1.88 $26.88

$25.00 $1.88 $26.88

Annual fee less outstanding

charges & taxes

Annual fee less outstanding

charges & taxes

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ScheduleofCharges

SUNDRYSERVICES

SAFEKEEPING AND SECURITIES

Annual (Rental) Fees

Sealed envelopes

Sealed Boxes/Packages

Small

Medium

Large

Locked boxes, trunks, etc (per entry)

Stocks, debentures, share certificates, Deeds, treasury

bills safekeeping

Other Fees

Number of free visits per month

Additional visits per month

Clipping coupons

Obsolete collateral

MISCELLANEOUS SERVICES

Audit Certificate

Credit Report – Local / Overseas

Certificate/Confirmation of balance

Special Letter to Central Bank

Special Presentation Letter to Credit Bureau/Overseas

Banks

Reference Letters

Fax sent / received for a customer ‐ Local

Fax sent / received for a customer ‐ Overseas

Signature verification

Insurance on Registered Mail

Photocopying documents

Coin Handling (exchanging for Bills)

Coin Orders (requesting coin)‐Same day request

Hold Mail/Statements held for collection

LARGE CASH DEPOSITS

Fee for depositing large cash deposits in‐Branch

Fee for depositing large cash deposits via Night deposits

Notes:



$50.00 $3.75 $53.75

$150.00 $11.25 $161.25

$75.00 $5.63 $80.63

$100.00 $7.50 $107.50

$10.00 per item

$50.00 per annum

$0.75 per item

$3.75 per annum

$10.75 per item

$53.75 per annum

Same as packages Same as packages

$5.00 each $0.38 $5.38 each

Nil Nil

$30.00 per account $2.25 $32.25 per account

N/A N/A

$25.00 $1.88 $26.88

$30.00 $2.25 $32.25

$15.00 $1.13 $16.13

$2.00 $0.15 $2.15

$15.00 $1.13 $16.13

$1.00 per sheet $1.08 per sheet

1% Minimum $130 0.08% Minimum $9.75 1.08% Minimum $139.75

$0.30 per $1k N/A $0.30 per $1k

$5 per every $1,000 in cash

deposited over USD$5,000

equiv.

$0.38 per every $1,000 in cash


equiv.



equiv.

$1.00 per every $1,000 in

cash deposited over

USD$10,000 equiv.



equiv.



equiv.

$15.00 per month $1.13 per month $16.13 per month

1% Minimum $130 0.08% Minimum $9.75 1.08% Minimum $139.75

No Charge No Charge

$30.00 per account $2.25 $32.25 per account

2% of value Min $2 each 0.15% of value Min $0.15 each 2.15% of value Min $2.15 each

$1.08 per sheet

$15.00 $1.13 $16.13

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OVERDRAFTS

Set up/Annual Renewal Fee: ACA & Temporary

Overdrafts

1% ‐ 2.00% Min $100.00 0.075% ‐ 0.15% Min $7.50 1.075% ‐ 2.15% Min $107.50

Excess Overdraft Fee (in addition to

encroachment rate)

1% Min $30.00 0.075% Min $2.25 1.075% Min $32.25

Unauthorized Overdraft Fee (in addition to

encroachment rate)

2% Min $30.00 0.15% Min $2.25 2.15% Min $32.25

Note: Overdraft interest rates are charged separately. See rate bulletin.

CREDIT CARDS

See Credit Card Schedule of Charges

VISA DEBIT CARD ‐ LOCAL CURRENCY

Annual Fees No Charge No Charge

Fast Card Fees (Courier charges only) USD 45.00 USD 3.38 USD $48.38 equiv

ABM Balance Inquiry Fee

At a local CIBC FirstCaribbean ABM No Charge No Charge

At another bank’s ABM $1.00 $0.08 $1.08

ABM Withdrawals


At another local bank’s ABM $3.00 $0.23 $3.23

At International/Overseas bank’s ABM

(Including CIBC FirstCaribbean ABMs in

another country)

$3.00

$0.23 $3.23

Point of Sale Purchases No Charge No Charge

Replacement & Additional Cards ‐ Classic $5.00 $0.38 $5.38

Replacement & Additional Cards ‐ Platinum $5.00 $0.38 $5.38

Stamp Duty 1.5% POS & ATM

(Intl tax & .40c on each local

ATM tax)

N/A

1.5% POS & ATM

(Intl tax & .40c on each local

ATM tax)

Declined Transactions


At another local bank’s ABM $1.00 $0.08 $1.08



another country)

$1.00

$0.08 $1.08

ScheduleofCharges

LENDING AND CARD SERVICES

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USD VISA DEBIT CARDS (for non Residents 0nly) ‐ VAT exempt

Annual Fees No Charge Zero‐rated No Charge

Fast Card Fees (Courier charges only) USD 45.00 Zero‐rated USD 45.00

ABM Balance Inquiry Fee

At a local CIBC FirstCaribbean ABM No Charge Zero‐rated No Charge

At another bank’s ABM $0.50 Zero‐rated $0.50

ABM Withdrawals


At another local bank’s ABM $3.00 Zero‐rated $3.00



another country)

$3.00

Zero‐rated $3.00

Point of Sale Purchases No Charge Zero‐rated No Charge

Replacement & Additional Cards ‐ Classic $5.00 Zero‐rated $5.00

Replacement & Additional Cards ‐ Platinum $10.00 Zero‐rated $10.00

Stamp Duty No Charge Zero‐rated No Charge

Declined Transactions


At another local bank’s ABM $1.00 Zero‐rated $1.00


another country) $1.00Zero‐rated $1.00

Notes:



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Set up No Charge No Charge

Service Fee (monthly) No Charge No Charge

Operational (per file run) $10.00 $0.75 $10.75

Transaction Fee (per credit/payment):

Per credit to account at CIBC FirstCaribbean $0.75 $0.06 $0.81

Per credit to account at another bank $1.00 $0.08 $1.08

Late transmission of payroll file $20.00 $1.50 $21.50

Minimum monthly service fee No Charge No Charge

Withdrawals / Cheques per entry $0.75 $0.06 $0.81

Deposits / Credits per entry $0.75 $0.06 $0.81

MANUAL PAYROLL ‐ PAPER LIST OPTION

Set up No charge No charge

Service Fee (monthly) No charge No charge

Operational Fee (per payroll run) $50.00 $3.75 $53.75


Per credit to account at CIBC FirstCaribbean$3.00 $0.23 $3.23

Per credit to account at another bank $7.50 $0.56 $8.06


Set up Fee No charge No charge

Service Fee (monthly) No charge No charge



Per credit to employee account with

CIBC FirstCaribbean

$3.00 $0.23 $3.23


Another Bank

$5.00 $0.38 $5.38


OVER‐THE‐COUNTER PAYROLL

Set up Fee N/A N/A

Service Fee (monthly) N/A N/A




CIBC FirstCaribbean

$3.00 $0.23 $3.23


Another Bank

$7.50 $0.56 $8.06


MANUAL PAYROLL ‐ CASH / ENVELOPE OPTION

E‐CHEQUE CARD ACCOUNTS

ScheduleofCharges

CORPORATE SERVICES

E‐PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS)

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ScheduleofCharges

CORPORATE SERVICES

ONLINE BILL PAYMENT (Where a company signs up as a Biller on CIBC FirstCaribbean Internet Banking)

Charge Per Payment $0.65 $0.05 $0.70

NIGHT WALLET DEPOSITORY

Annual (Rental) Fee

Disposable Bags $60.00 $4.50 $64.50

Canvas Wallets $100.00 $7.50 $107.50

Short Term Rental (30 days or less)

Disposable Bags N/A N/A

Canvas Wallets N/A N/A

Safekeeping (contents remain in bag):

Canvas Bags $150.00 $11.25 $161.25

Disposable Bags $300.00 $22.50 $322.50

Rebates:

Canvas Bags N/A N/A

Disposable Bags N/A N/A

Per Package of 100 Disposable bags

Small: 9 x 12 $45.00 $3.38 $48.38

Medium: 12 x 16 $50.00 $3.75 $53.75

Large: 19 x 28 $55.00 $4.13 $59.13

Replacement and Repairs

Canvas Bag (all sizes) $100.00 $7.50 $107.50

Canvas Bag Keys $25.00 $1.88 $26.88

Trap Door Key $25.00 $1.88 $26.88

Additional Key $30.00 $2.25 $32.25

Set‐up Fee

E‐Deposit Service $150.00 $11.25 $161.25

Deposit to customer's account $2.00 each $0.15 $2.15 each

Set‐up Fee

Standard Set Up $50.00 $3.75 $53.75

Additional Set Up $10.00 $0.75 $10.75

Daily $50.00 $3.75 $53.75

Monthly $15.00 $1.13 $16.13

Daily $50.00 $3.75 $53.75

Weekly $20.00 $1.50 $21.50

Monthly $15.00 $1.13 $16.13

Notes:


Via Email:

SMARTSAFE PRICING

SWEEPS and ZBAs

E‐STATEMENT PRICING

Statement Frequency

Via Swift:

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ScheduleofCharges

CORPORATE SERVICES


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BONDS, INDEMNITIES & GUARANTEES

Performance Bonds 1.25% p.a. Min $125.00 0.09% p.a. Min $9.38 1.34% p.a. Min $134.38

Guarantee Bonds 1.25% p.a. Min $125.00 0.09% p.a. Min $9.38 1.34% p.a. Min $134.38

LETTERS OF CREDIT : EXPORT (Inward) CLEAN & DOCUMENTARY

Acceptance N/A N/A

Advising Credits $75.00 $5.63 $80.63

Amendments to credits $50.00 $3.75 $53.75

Confirming irrevocable credits1% per month Min $100.00

(includes advising fee)

0.075% per month Min $7.50


1.075% per month Min $107.50


Transferable and divisible credits 1% per month Min $50.00 (includes

advising fee)





Negotiation – Sight or Tenor drawings 0.5% Min. $50.00 + interest +

exchange

0.038% Min. $3.75 + interest +

exchange

0.538% Min. $53.75 + interest +

exchange

LETTERS OF CREDIT : IMPORT (Outward) CLEAN & DOCUMENTARY

Acceptance No Charge No Charge

Establishment Commission :

First Quarter 1.25% Min $35.00 0.094% Min $2.63 1.344% Min $37.63

Each additional month (or part thereof) 0.375% Min $50.00 0.003% Min $3.75 0.378% Min $53.75

Sight to 3 days:

First Quarter Value up to $100k ‐ 1.25% Min $25

Value over $100k ‐ 0.5% Min $100

Value up to $100k ‐ 0.094% Min

$1.88

Value over $100k ‐ 0.038% Min

$7.50

Value up to $100k ‐ 1.344% Min

$26.88

Value over $100k ‐ 0.538% Min

$107.50

Each additional month (or part thereof) $25.00 $1.88 $26.88

Term – Max 1 year No Charge No Charge

Amendments, Extensions and Increases:

Amendments $35.00 $2.63 $37.63

Extensions 0.25% per mth Min $25.00 0.019% per mth Min $1.88 0.269% per mth Min $26.88

Increases 1.25% Min $100.00 0.094% Min $7.50 1.344% Min $107.50

Revolving Credits Establishment commission applies Establishment commission applies

Branch or corresponding charges Expenses recovered from client Expenses recovered from client

Clean Encashment Credits:

Within the Bahamas 1.5%, Min $25.00 0.113%, Min $1.88 1.613%, Min $26.88

With correspondents 1% + $5.00 per drawing Min $25.00 0.075% + $0.38 per drawing

Min $1.88

1.075% + $5.38 per drawing Min

$26.88

Interest on Drawings:

Transit Overdraft Rate Overdraft Rate Clean Encashment Credits No charge No Charge

ScheduleofCharges

TRADE SERVICES

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ScheduleofCharges

TRADE SERVICES

DOCUMENTARY COLLECTIONS (IMPORT & EXPORT)

Outward:

Clean:

Up to $25,000.00 0.5% Min $25.00 + wire/draft fees 0.0375% Min $1.88 + wire/draft 0.5375% Min $26.88 + wire/draft

$25,001 ‐ $100,000 0.25% Min $65.00 + wire/draft fees 0.019% Min $4.88 + wire/draft

fees

0.269% Min $69.88 + wire/draft

fees

$100,001 ‐ $500,000 0.0625% Min $300.00 + wire/draft

fees

0.0047% Min $22.50 +

wire/draft fees

0.0672% Min $322.50 + wire/draft

fees

Over $500,000 0.0625% Min $300.00 + wire/draft

fees

0.0047% Min $22.50 +

wire/draft fees

0.0672% Min $322.50 + wire/draft

fees

Inward:

Interest Charge ‐ Local / Foreign Currency N/A N/A

Collection Commission 0.75% Min $25.00 + expenses 0.056% Min $1.88 + expenses 0.806% Min $26.88 + expenses

Exchange Charge ‐ Sight or Tenor At prevailing rate At prevailing rate

Holding Commission:

Up to $10,000 1% Min $25.00 0.075% Min $1.88 1.075% Min $26.88

Over $10,000 0.5% Min $100.00 0.0375% Min $7.50 0.5375% Min $107.50

Delivery Order Charges 1% Min $25.00 0.075% Min $1.88 1.075% Min $26.88

Sight Bills (commencing month after arrival of

goods)

$25.00 per month or part $1.88 per month or part $26.88 per month or part

Matured / Accepted Bills (commencing month after

arrival of goods)

$25.00 per month or part $1.88 per month or part $26.88 per month or part

Guarantees re Missing Bills of Lading 0.75% Min $25.00 0.0563% Min $1.88 0.8063% Min $26.88

Shipping Guarantees:

First 3 months or part thereof 0.5% Min $25.00 0.0375% Min $1.88 0.5375% Min $26.88

Each Additional month 0.5% Min $25.00 0.0375% Min $1.88 0.5375% Min $26.88

Payments to Agents N/a N/a N/a

Return (of Documents) Charges $25.00 + holding charges $1.88 + holding charges $26.88 + holding charges

Storage of Goods (customs bonds) 1.25% p.a Min $50.00 0.094% p.a Min $3.75 1.344% p.a Min $53.75

Extending due date or altering Tenor of Bill $15.00 $1.13 $16.13

Bills paid in installments $15.00 per installment + holding +

return charges

$1.13 per installment + holding

+ return charges

$16.13 per installment + holding +

return charges

Re‐shipping of Goods $75.00 + relevant charges $5.63 + relevant charges $80.63 + relevant charges

Endorsement of Shipping Documents as Attorney $10.00 $0.75 $10.75

Endorsement of Parcel Post Notice $10.00 $0.75 $10.75

Certificate of Transfer of Title to Goods N/a N/a N/a

Statement of Past Due Bills N/a N/a N/a

Insurance of Goods $2.00 per $100.00 p.a. payable

monthly

$0.15 per $100.00 p.a. payable

monthly

$2.15 per $100.00 p.a. payable

monthly

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ScheduleofCharges

TRADE SERVICES

DOCUMENTARY COLLECTIONS (IMPORT & EXPORT)

Protest Fee $25.00 + legal cost $1.88 $26.88 + legal cost

Airmail Charges $2.00 $0.15 $2.15

Bills for Acceptance and Return No charge No charge

Extension / Alteration / Amendments of Bill $25.00 $1.88 $26.88

Letters of undertaking N/a N/a

Remittance of Proceeds by Cable Refer to Sundry Services section Refer to Sundry Services section

Amendments:

First Amendments 1.25% Min $35.00 0.094% Min $2.63 1.344% Min $35.00

Each additional amendment $25.00 $1.88 $26.88

Charges for items sent overseas for collection /

Negotiation

$25.00 $1.88 $26.88

Tracers:

First Tracer $35.00 $2.63 $37.63

Each additional tracer No charge No charge

Notes:



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