Schedule of Charges. Antigua. Retail. Effecti ve: Mar ch 1, Last updated June 7th, 2018

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Dominic Moody
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1 Antigua Retail Effecti ve: Mar ch 1, 2018 Last updated June 7th,

2 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

3 Monthly service fee Regular Chequing Accounts (Product Code 22) Withdrawals /Debits/Cheques In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter $ stamp duty $20.00 Withdrawals / Debits Over The Counter Deposits / Credits - In Branch/Over The Counter 10 Free, thereafter $ stamp duty Monthly service fee Chequing Plus Accounts (Product Code 7) Withdrawals / Debits Over The Counter Average balance to avoid monthly service fee $10, Deposits / Credits - In Branch/Over The Counter Monthly service fee for falling below average balance $25.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $ stamp duty Deposits/Credits In Branch/Over The Counter Monthly service fee Regular Savings Accounts (Product Codes 180 and 452) Average balance to avoid monthly service fee $2, Monthly service fee for falling below average balance $15.00 Withdrawals / Debits Over The Counter 4 free, thereafter $1.50 Deposits / Credits - In Branch/Over The Counter See Sundry Services Section for Applicable ABM charges Withdrawals /Debits/Cheques In Branch/Over The Counter $3.00 each + stamp duty Monthly service fee for falling below average balance Deposits/Credits In Branch/Over The Counter Withdrawals / Debits Over The Counter Savings Plus Accounts (Product Code 448) Average balance to avoid monthly service fee $10, Monthly service fee for falling below average balance $25.00 Deposits/Credits In Branch/Over The Counter No Passbook withdrawals $1.00 Withdrawals /Debits/Cheques In Branch/Over The Counter $ stamp duty Monthly service fee for falling below average balance Deposits/Credits In Branch/Over The Counter Withdrawals /Debits/Cheques In Branch/Over The Counter Direct Banking Accounts (Product Code 715) Schedule of Charges PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY Bank@ Work Accounts (Product Code 832) School Accounts (Product Code 797) SureStart (Junior Savers) Accounts (Product Code 454) Senior Savers Accounts (Product Code 455) Seniors Chequing Accounts (Product Code 270) Deposits/Credits In Branch/Over The Counter No Passbook withdrawals $1.00 Withdrawals / Debits Over The Counter Deposits / Credits - In Branch/Over The Counter $10.00 each + stamp duty $10.00 each 3

4 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY Fixed Deposit Accounts Platinum Chequing Accounts (Product Code 781) Transfer to another internal account on maturity Free Average balance to avoid monthly service fee N/A Transfer to another institution on maturity Draft/Wire cost Withdrawals /Debits/Cheques In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter Early Redemption Fees - Non-redeemable Fixed deposits only : Terms 1k 10k 50k 100k 300k 500k 1M 5M days $50 $50 $150 $150 $150 $500 $500 $1,500 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 Eastern Caribbean Dollars unless otherwise stated. 4

5 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY UNITED STATES DOLLAR (USD) USD Chequing Accounts (Product Code 24) POUND STERLING (GBP) GBP Chequing Accounts (Product Code 120) Minimum monthly service fee $15.00 Minimum monthly service fee Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $ Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter stamp duty stamp duty Deposits/Credits In Branch/Over The Counter Deposits/Credits In Branch/Over The Counter USD Money Multiplier Accounts (Product Code 13) Minimum monthly service fee $20.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $ stamp duty Minimum monthly service fee Deposits/Credits In Branch/Over The Counter CANADIAN DOLLAR (CAD) CAD Chequing Accounts (Product Code 23) Minimum monthly service fee $15.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $ stamp duty Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter stamp duty Deposits/Credits In Branch/Over The Counter EUR deposit charge Transfer to another internal account on maturity 0.7% p.a. of Average Monthly Balance Deposits/Credits In Branch/Over The Counter Transfer to another institution on maturity Draft/Wire cost CAD Money Multiplier Accounts (Product Code 10) Minimum monthly service fee $20.00 Withdrawals /Debits/Cheques In Branch/Over The Counter 4 free, thereafter $ stamp duty Deposits/Credits In Branch/Over The Counter EURO DOLLARS (EUR) EUR Chequing Accounts (Product Code 122) **Fixed Deposit Accounts (Product Code 57 (USD), 58 (GBP), 98 and 126 (EUR)) EUR deposit charge Early Redemption Fees - Non-redeemable Fixed deposits only : Free 0.7% p.a. of Principal Invested Terms 1k 10k 50k 100k 300k 500k 1M 5M days $50 $50 $150 $150 $150 $500 $500 $1,500 5

6 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY NOTES: 1. * - Product/Service Not offered to new clients 2. ** - All Penalty fee values are applicable to respective currency products e.g. USD$50 or GBP$50 or EURO$150 etc 3. All figures are quoted in Eastern Caribbean Dollars unless otherwise stated. 4. EUR currency fixed deposits and transaction accounts, where offered, are charged at a rate of 0.70% per annum. 6

7 INTERNET AND TELEPHONE BANKING MAIL TRANSFERS Monthly Access Fee Outgoing: Inland and Overseas $15.00 WIRE TRANSFERS International Wire Transfers (local equivalent): Branch Internet Incoming (mail & telephone): processing fee $10.00 Incoming (mail/telephone): payment to another institution $20.00 $1 to $99, $ $78.50 STANDING ORDERS $100,000 and Over $ $83.50 Set-up Local / Regional Transfers: Amendment $15.00 To/from an account held at other local banks via RTGS (local currency transactions only) N/A N/A Internal Orders : To an account held at one of our regional branches $40.00 $30.00 Loan Payments or Annual fees for a FirstCaribbean service Incoming Wire Transfers: Between other accounts $10.00 To credit an account at one of our branches $40.50 External Standing Orders: To credit an account held at other local banks $48.50 To transfer funds LOCALLY $ stamp duty $ stamp Payable on presentation of Photo Identification $53.50 To transfer funds OVERSEAS duty+draft/wire fee Returned Wire Payments: Incoming and Outgoing Tracers on Wire Transfers Schedule of Charges SUNDRY SERVICES USD $30.00 equiv. USD $40.00 equiv. 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 by default. If the sender wishes to pay this fee, US$24 will be added upfront to the cost of the wire. Via the Branch Counter Via the ABM Via the Internet Via Standing Order (Diary Card) -bills sent to us for payment Via Direct Debit (Pre-Authorized Payment) BILL PAYMENT $15.00 each N/A DRAFTS &/OR INTERNATIONAL MONEY ORDERS ACCOUNT TRANSFERS Local drafts (Manager s cheques) $22.00 By customer via our ABM, telephone or online Banking USD Currency Drafts $52.00 By customer via another Bank ABM N/A Other Foreign Currency Drafts $47.00 By us on written/faxed/telephoned instructions $50.00 Tracers on Local drafts Tracer on Foreign drafts Stop Payment on Local drafts $10.00 $ costs $30.00 CHEQUE RELATED Cheque books (all styles) Cost + stamp duty Stop Payment on Foreign drafts $ (includes foreign bank fees) Stop payment on a local cheque (all reasons) $30.00 Duplicate / Replacement drafts Original draft fee Stop payment on a foreign cheque (all reasons) $170.00(includes foreign bank fees) Charge backs (items returned to us by another bank): Local cheque $50.00 Foreign cheque $ *Non-Sufficient Funds $108.00/$40.00 Third Party (Non Customers) Cheque Cashing Fee $10.00 Foreign Cheque Processing Fee $ stamp duty 7

8 SUNDRY SERVICES ABM MISCELLANEOUS SERVICES New issue / replacement of expired or stolen card No charge Audit Certificate N/A Replacement of lost card $30.00 Certificate / Confirmation of balance $50.00 **Mini Statement Print $1.50 Certificate of interest Paid $30.00 ABM Deposits No charge Credit Reports/Reference Letters $50.00 ABM Withdrawals: Fax sent/received for a customer: $30.00 At a FirstCaribbean ABM $2.00 Signature verification At another bank s ABM N/A Insurance on Registered Mail N/A Point of Sale purchases $1.00 Photocopying documents $5.00 per sheet **FREE ABM Withdrawals & Ministatements for the following account types: Coin Orders (requesting coin)-same day request 1% Minimum $10.00 Direct Banking, Bank@Work, Bank@School, Senior Savings, Senior Chequing Coin /Cash Handling 1% Minimum $10.00 Mailed / Regular / diary filled statement Cashed in: XCD $ Stamp Duty Cashed in: USD Amex: Stamp duty only Duplicate / Additional statement $55.00 each Others: 1% Min US$12.00 Screen print / photocopy/interim statement $15.00 each Held at branch for collection $35.00 each SAFEKEEPING AND SECURITIES E-statement: Annual (Rental) Fees: Set Up Sealed envelopes $75.00 Monthly Subscription Fee (to be collected via standing order) Sealed boxes / packages: Daily files US$50.00 / account Small $ Weekly Files US$20.00 / account Large $ Monthly Files US$15.00 / account Locked boxes, trunks, etc. $ Transaction Fee STATEMENTS ACCOUNT CLOSURE No charge Bonds, Stocks, Debentures, Share Certificates, Deeds, Treasury Bills safekeeping $10.00 per item Min. $ per annum Per Certificate charge $5 each Min $25 Per Annum charge $10/item Min $50 Within 90 days $50.00 Other Fees: Within 180 days $30.00 Number of free visits per annum 2 per annum LARGE CASH DEPOSITS Fee for depositing large cash deposits in-branch $13.50 per every $1,000 in cash deposited over $13,500 Fee for depositing large cash deposits via Night deposits $0.50 per every $1,000 in cash deposited over $27,000 Additional visits per month Obsolete collateral TRAVELER'S CHEQUES $10.00 each $50.00 per annum 8

9 SUNDRY SERVICES Annual Rental Fees: Return of paid vouchers $20.00 Small (1.5 x 5) $ Research and production of records/vouchers: Medium (2.5 x 5) $ Same Month (within 30 days of last statement) $26.00 Large (2.5 x 10) $ Up to 3 Months $26.00 Large (5 x5 x 24) $ Over 3 months and up to 7 Years $50.00 **Refund of Annual Rental Fee (box closed before year end) Other Fees: Annual fee less outstanding charges & taxes Number of free visits 2 per month Local currency for foreign currency 1% Government Tax Additional visits per month $10.00 Foreign currency for local currency(except USD) 1% Min $10 Forced entry / Drilling of Box $ cost Registration of inward investment with Central Bank (preparation &/or submission of Central Bank forms) $ Listing of contents $75.00 Registration for funds for repatriation $ Estate opening of box N/A Replacement / Lost key $ Notification of Safety Deposit arrears SAFETY DEPOSIT BOXES Notes: 1. * - Product/Service Not offered to new clients 2. All figures are quoted in Eastern Caribbean Dollars unless otherwise stated. 3. $35.10 NSF fee for all foreign current products. N/A RESEARCH FOREIGN CURRENCY EXCHANGE DORMANCY PROTECTION Initial Notice (when account goes dormant after 2 years of inactivity) $20.00 Notice thereafter ( every year of inactivity) $20.00 Reactivation Transfer to Central Bank (after 15 years of dormancy) 9

10 LENDING SERVICES Annual Fees No charge Setup/ Annual Renewal Fee - Retail $ Fast Card Fees (Courier charges only) $45.00 Setup/ Annual Renewal Fee - Small Business 1% Min. $ ABM Balance Inquiry Fee: Temporary Overdraft Setup Fee 1% Min. $ At a local FirstCaribbean ABM No charge Annual Renewal Fee $ At another bank s ABM $0.50 Authorised overdraft $30.00 per month ABM Withdrawals: Excess Overdraft Fee 1% Min. $80.00 At a local FirstCaribbean ABM No charge Unauthorized Overdraft Fee 2% Min. $80.00 At another local bank s ABM $3.00 Note: Overdraft interest rates are charged separately. See rate bulletin for rates. At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) 2% Minimum $8.00 Point of Sale Purchases Free Replacement & Additional Cards - Classic $5.00 Replacement & Additional Cards - Platinum $10.00 Annual Fees Fast Card Fees (Courier charges only) No charge $45.00 USD equiv ABM Balance Inquiry Fee: At a local FirstCaribbean ABM No charge At another bank s ABM $2.00 ABM Withdrawals: At a local FirstCaribbean ABM No charge At another local bank s ABM 2% Minimum $8.00 At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) 2% Minimum $8.00 Point of Sale Purchases Free Replacement & Additional Cards - Classic $25.00 Replacement & Additional Cards - Platinum $25.00 Stamp Duty OVERDRAFTS LOANS & MORTGAGES See Loans Section on the Intranet VISA DEBIT CARDS - XCD & USD CURRENCIES XCD VISA DEBIT CARDS Schedule of Charges LENDING AND CARD SERVICES NA Stamp Duty USD VISA DEBIT CARDS Declined Transactions: At a local FirstCaribbean ABM No charge At another local bank s ABM No charge At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $1.00 CREDIT CARDS CREDIT CARDS See Credit Card Section on the Intranet Declined Transactions: At a local FirstCaribbean ABM No charge Notes: At another local bank s ABM $ * - Product/Service Not offered to new clients At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $ All figures are quoted in Eastern Caribbean Dollars unless otherwise stated. 10

11 E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS) Schedule of Charges CORPORATE SERVICES Set up Fee Annual Fees: Service Fee (monthly) Canvas Wallets $ Operational Fee (per payroll run) $10.00 Disposable Bags $ Transaction Fee (per credit/payment): Short Term Rental (30 days or less): Per credit to employee account with FirstCaribbean $0.75 Canvas Bags N/A Per credit to employee account with Another Bank $1.25 Disposable Bags N/A Late transmission of payroll file $20.00 Safekeeping (where contents remain in bag): Canvas Bags $25.00 E-Cheque Card Accounts (Product Code 843) Minimum monthly service fee Rebates: NIGHT WALLET DEPOSITORY Disposable Bags $15.00 $0.75 Canvas Bags and Disposable Bags 1/2 annual fee for each Withdrawals / Cheques per entry unused month Deposits / Credits per entry $0.75 Per Package of 200 (Disposable Only): Small: 9 x 12 $55.00 MANUAL PAYROLL - Paper List Option Medium: 12 x 16 $60.00 Set up Fee Large: 19 x 28 $65.00 Service Fee (monthly) Replacement and Repairs: Operational Fee (per payroll run) $50.00 Canvas Bag $ Transaction Fee (per credit/payment): Canvas Bag Keys $60.00 Per credit to employee account with FirstCaribbean $3.00 Trap Door Key $60.00 Per credit to employee account with Another Bank $20.00 Additional Key $60.00 Late transmission of payroll file $40.00 ONLINE BILL PAYMENT MANUAL PAYROLL - Cash/Envelope Option Where a company signs up as a Biller on FirstCaribbean Internet Banking Set up Fee Charge Per Payment $1.00 Service Fee (monthly) Operational Fee (per payroll run) $50.00 E-STATEMENT PRICING Transaction Fee (per credit/payment): Statement Frequency Fee Cash paid to employees $3.00 Via swift: Envelopes filled and paid to employees or collected by $20.00 Daily employer XCD$135.13/USD$50 Late transmission of payroll file $40.00 Monthly XCD$40.54/USD$15 Via OVER-THE-COUNTER PAYROLL Daily XCD$67.56/USD$25 Set up Fee N/A Weekly XCD$40.54/USD$15 Service Fee (monthly) N/A Monthly XCD$27.70/USD$10 Operational Fee (per payroll run) $80.00 Transaction Fee (per credit/payment): SWEEPS and ZBAs Per credit to employee account with FirstCaribbean $3.00 Set-up fee Per credit to employee account with Another Bank $20.00 Standard Set Up XCD$135.13/USD$50 Same day/immediate request $ Additional Set Up XCD$27.03/USD$10 Notes: 1. * - Product/Service Not offered to new clients 2. All figures are quoted in Eastern Caribbean Dollars unless otherwise stated. 11

12 Interest charge Local & Foreign currency tenor: As advised by Principal Handling Charge Sight & Tenor: Exchange charge sight or tenor At prevailing exchange rate On bills up to (local equiv $25,000) 1% Min $50.00 Collection Commission: On bills over (local equiv $25,000) 0.75% on excess Min $ On bills up to local equiv $25,000 1% Min $50.00 Amendments: On bills over local equiv $25, % Min $50.00 First Amendment $45.00 Holding Commission: Each additional amendment $45.00 Sight Bills $50.00 per month Tracers: Matured Bills $50.00 per month First Tracer $45.00 Delivery Charges $35.00 each Each additional Tracer $45.00 Shipping Guarantees/Guarantees re Missing Bills of Lading: First 3 months 0.25 % per month, Min $50.00 Each additional month 0.25 % per month, Min $50.00 Custom / Bid / Tender Bonds: Payments to Agents $30.00 Without full Cash Collateral N/A Return (of Documents) Charges $75.00 With full Cash Collateral N/A Storage of goods $ costs Extending due date or altering Tenor of Bill $50.00 each LETTERS OF CREDIT - EXPORT Bills paid in installments $50.00 per installment + normal commission charges Clean and Documentary: Re-shipping of goods $ Advising Credits $50.00 Endorsement of Shipping documents as Attorney $35.00 Advising Amendments to Credits $50.00 Certificate of Transfer of Title to Goods $35.00 Confirming Irrevocable Credit 0.5%, Min $ Statement of Past Due Bills $25.00 Acceptance by Signator Bank 0.5%, Min $50.00 Insurance of goods $3.00 per each $100 or part thereof Negotiation Sight or Tenor Drawings: Protest fee $ legal cost Up to local equivalent of $25, %, Min $50.00 Airmail charges $25.00 Over local equivalent of $25, %, Min $ Bills for acceptance and return $65.00 Transferable and Divisible Credits 0.5%, Min $50.00 Remittance of Proceeds Clean Collection (cheques received for collection): Up to $ Draft or Wire Fee $ expenses $ $1,000 $ expenses Over $1,000 BILLS FOR COLLECTION - INWARD Schedule of Charges TRADE SERVICES $ expenses BILLS FOR COLLECTION - OUTWARD BONDS, INDEMNITIES & GUARANTEES 12

13 TRADE SERVICES 13

14 TRADE SERVICES Sight to 3 days: First 3 months or part thereof - 1%, Min $75.00 up to $100, Excess of $100, % Each additional month 0.5%, Min $75.00 Term Maximum 1 Year: First 3 months or part thereof - up to $100, LETTERS OF CREDIT - IMPORT 1%, Min $75.00 Excess of $100, % Each additional month 0.5%, Min $75.00 Amendments, Increases, Extension: Amendment 0.5%, Min $75.00 Increases & Extensions 0.5%, Min $75.00 Revolving Credits Same as Sight to 3 days Transit Interest on drawings Borrowing Cost Refunds on prepaid credits Borrowing Cost Branch or corresponding charges Cost Notes: 1. * - Product/Service Not offered to new clients 2. All figures are quoted in Eastern Caribbean Dollars unless otherwise stated. 14

Schedule of Charges. Antigua. Corporate Banking. Effective: Ma rch 1, 2018

Schedule of Charges. Antigua. Corporate Banking. Effective: Ma rch 1, 2018 Antigua Corporate Banking Effective: Ma rch 1, 2018 last Updated: December, 2018 1 CONTENTS 1 CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY 2 CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS -