TARIFF OVERVIEW January 2018

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Clifford Sanders
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1 TARIFF OVERVIEW January 2018 Together, for you.

2 Contents 1. Current account transactions and miscellaneous services 3 2. SEPA transfers 4 3. Non-SEPA transfers 5 4. Cash withdrawals and payments 7 5. Debit cards 8 6. Credit cards 9 7. Savings accounts BIL packages for individuals BIL packages for young people BIL packages for professionals Stock exchange transactions Investment funds Other products Foreign Exchange transaction fees Recurring fee Miscellaneous securities Tax Relief and Reclaim Safe-deposit boxes Loans and bank guarantees 22 N.B.: This general pricing extract constitutes an overview of the fees applied to the main products and/or services and is not exhaustive. The full fee schedule can be obtained from your relationship manager or usual branch. 2

3 1. Current account transactions and miscellaneous services Account keeping Account management fees Current account (half-yearly) or credit (quarterly) statement fees Savings account statement fee (annual) EUR 7.50 per statement EUR 5 per statement Account closure * Cash accounts EUR 50 Cash and securities accounts EUR 100 * Only if the account relationship has existed for less than one year and if the client severs all relations with BIL. Account statements Paper- Mailing within Luxembourg Mailing to another EU country Mail holding by BIL/Incorrect mailing address at postal rate at postal rate EUR 150 a year Miscellaneous services Debit interest rate on current account without credit limit market rate + 13% * Conditional standing orders EUR 125 Simple enquiry fees (duplicates, certificates, bank reference) EUR 10 per document (excl. VAT) Simple enquiry fees (duplicates, certificates, bank reference), for clients who have subscribed to the BIL Direct package Complex enquiry fees EUR 25 per document (excl. VAT) EUR 50 per hour minimum EUR 25 (excl. VAT) Audit letter EUR 100 Administrative fee on inheritance files EUR 250 (excl. VAT) Sending TUP transfer forms EUR 2.50 * monthly average of daily LIBOR rates 3

4 2. SEPA transfers BIL eurotransferts Definition In accordance with European Regulation No. 260/2012, the BIL eurotransfert fee schedule applies to transfers that: are denominated in euro, are to or from SEPA zone countries (including Luxembourg), contain the beneficiary s IBAN and BIC. Incoming payments to a BIL account Outgoing payments from a BIL account Transfers debited from a BIL account BILnet electronic transactions & Multiline & SEPA direct debits & standing orders Paper transfer form to BIL s own accounts to another BIL account fees: EUR 1 up to 2 transfers per month * to another bank in Luxembourg or in the SEPA zone fees: EUR transfers per month fees: EUR 2 up to 1 transfer per month * * Fees cannot be combined: transactions may be combined up to a maximum equivalent of two TUP transactions involving a BIL account per month Additional fees Urgent transfer EUR 6.20 Transfer entered in-branch EUR 5 Non-electronic group transfer EUR 2 per accounting entry Transfer with same credit and value date EUR 25 Incorrect IBAN and/or BIC charge Transfer outside Luxembourg EUR 5 Correspondent fees Eurotransfert fees are allocated in accordance with the shared fee principle (SHARE), BIL transfers the full amount requested by the client; local fees may be deducted in the country of the beneficiary client. Where the fees payable by the ordering client (OUR) instruction is in place for international transfer orders, correspondent fees are charged in addition to the BIL eurotransfert fees (fee schedule: see Non-SEPA transfers fee schedule). 4

5 3. Non-SEPA transfers International transfers outside the scope of European Regulation No. 260/2012 Definition The fee schedule for international transfers outside the scope of European Regulation No. 260/2012 applies to: all transfer orders to a non-sepa zone country (regardless of the amount and currency of the order), all transfer orders in a currency other than the euro (regardless of the amount and destination country of the order), all transfer orders without the IBAN and/or BIC. Incoming payments (fees deducted from the amount transferred) 0.20% min. EUR 5/max. EUR 40 Outgoing payments (to any destination) Electronic format Other formats 0.15% min. EUR 5/max. EUR % min. EUR 5/max. EUR 125 Additional fees Urgent transfer EUR 6.20 Transfer with same credit and value date EUR 25 Correspondent fees 0.20% min. EUR 10/max. EUR 100 The full transfer amount is credited to the beneficiary and all charges are borne by the BIL client, when the OUR (fees payable by the ordering client) option is selected. In this case, the following flat-rate correspondent fees are added to the transfer fee. BIL reserves the right to invoice the actual amount of correspondent fees deducted if they are significantly higher than EUR

6 USD correspondent fees For USD transfers with shared responsibility for fees (SHA), or where fees are payable by the beneficiary (BEN) Tranches in USD Flat rate for outgoing transfers USD ,000 USD 20 1, ,000 USD 25 5, ,500 USD 45 12, ,000 USD 55 25, ,000 USD 65 50, ,000 USD 75 75, ,000 USD 95 >100,000 USD 110 The bank cannot guarantee the effective amount credited to the beneficiary of an account in the US, as US banks apply their own fees in addition to correspondent fees. All transfers Fees in the amount of EUR 5, plus any fees charged to us by our correspondent(s), shall be invoiced to the client in respect of any reversion of funds from the beneficiary s bank. These fees shall not be invoiced in the event that the bank has committed an error. 6

7 4. Cash withdrawals and payments Counter cash withdrawals EUR amount (or EUR equivalent) 5,000 EUR 5 > 5,000 with no denominations specified 0.30% of the amount > 5,000 with denominations specified 0.45% of the amount Surcharge: Urgent withdrawal (not ordered in advance) EUR 250 Foreign currency cash withdrawals on BIL ATM Currency Applied commercial margin GBP 2,00% USD 2,00% CHF 2,85% CAD 3,60% Other expenses Exotic currency orders EUR 6.20 Third-party payment EUR 5 Cashier s desk tax (occasional clients) EUR 5 Collection of funds and securities/delivery of funds (excluding ATM deposits) Processing of deposited envelopes (incl. night deposit) Processing of coin wrappers (incl. night deposit) EUR per scheduled journey (excl. VAT) EUR per unscheduled journey (excl. VAT) EUR 4.17 per booked slip (excl. VAT)l EUR 0.15 per roll counted or delivered (excl. VAT) 7

8 5. Debit cards V PAY Card/ V PAY ServiCard V PAY Graffiti Annual fee EUR 16 Blocking and replacing a lost or stolen card EUR 16 EUR 6 Making amendments and issuing a new card EUR 16 Replacement of a damaged card BIL Servibank network ATM withdrawal in EUR Loading a photo EUR 4 ATM withdrawal in EUR on the V PAY network within the European Union First per month/card, then EUR 1.90 ATM withdrawal in EUR on the V PAY network outside the EU EUR 5 ATM withdrawal in local currency within and outside the EU EUR 5 V PAY electronic payment in EUR within the EU V PAY electronic payment in EUR outside the EU EUR 0.90 Electronic payment in local currency within and outside the EU EUR 0.90 Foreign exchange fee * 2.09% * For details, please contact your Relationship Manager. 8

9 6. Credit cards MasterCard VISA Webcard Blue Gold Silver Worldwide Platinum Platinum International Classic Business Annual fee EUR 10 EUR 16 EUR 55 EUR 75 (1) EUR 100 EUR 200 EUR 500 EUR 16 EUR 55 (1) Urgent order (card or PIN) Blocking and replacement (lost or stolen card) Replacement (faulty card) Direct withdrawals in EUR from BIL ATMs (per transaction) Cash advance Foreign exchange fee (2) EUR 75 EUR 16 in EUR: EUR % of the advance amount in currency: EUR 5 per transaction from 1.35% to 2.25% 2.09% (1) For the first five cards, then on a sliding scale (2) For details, please contact your Relationship Manager. 9

10 7. Savings accounts Plus savings account Cash+ savings account First payment EUR 100 Currencies Interest rate Interest EUR/CHF/DKK/GBP/AUD/CAD/NZD/USD/NOK /SEK/CZK/HUF/PLN base rate net, payable at the end of the year EUR base rate + growth premium + loyalty premium net, payable at the end of the reporting period Credit value date + 2 business days accounting day Debit value date - 2 business days - 15 calendar days Reporting period annual half-yearly Statement charges EUR 5 Periodic statement monthly Mailing charge at postal rate Eligibility account reserved for legal entities 10

11 8. BIL packages for individuals BIL Home (1) BIL City BIL World Standard monthly rates EUR 2.50 EUR 6.50 EUR 10 Rates for young people aged 25 to 29 inclusive EUR 1 EUR 4 EUR 6.50 Rates for young people aged 18 to 24 inclusive EUR 5 Eurotransferts BILnet/BILnet Mobile TUPs to BIL TUPs to another SEPA bank up to 4 per month (2) up to 2 per month (2) up to 6 per month (2) up to 3 per month (2) up to 10 per month (2) up to 5 per month (2) Standing orders Digicash transactions Direct debits (SEPA) Half-yearly statement Paper- account statement Account statement in paper form postal rate quarterly dispatch: other periods: postal rate quarterly or monthly dispatch: other periods: postal rate LuxTrust token Debit cards V PAY Servicard max. 2 per account V PAY/ V PAY Servicard max. 2 per account Debit card personalisation Withdrawals in EUR from non-bil ATMs 1 /month 2 /month 4 /month Classic credit cards Visa Classic/MasterCard Blue max. 2 per account Mastercard Gold max. 2 per account Webcard Current account overdraft rates preferential rate Personal loan application fee - 50% Personal loan rate preferential rate (1) For requests to open payment accounts with basic services, under the related law of 13 June 2017, applicants may subscribe to a package equivalent to BIL Home. (2) cannot be combined with other offers 11

12 9. BIL packages for young people B-Student (1) B-Active (2) Rates (18-29 year olds inclusive) Eurotransferts BILnet/BILnet Mobile TUPs to BIL TUPs to another EU bank + PSD Standing orders Digicash transactions Direct debits (SEPA) Half-yearly statement Paper- account statement Account statement in paper form LuxTrust token up to 2 per month (3) up to 1 per month (3) postal rate Debit cards V PAY/Servicard V PAY max. 1 per account (1) V PAY/Servicard V PAY max. 1 per account (4) Debit card personalisation Non-BIL debit card withdrawals Classic credit cards in EUR in PSD countries: 4 /month additional: EUR 1.40 other currencies: 4 per month: additional: EUR 5 Visa Classic in EUR in PSD countries: 2 /month additional: EUR 1.40 Visa Classic/ Mastercard Blue max. 1 per account Mastercard Gold Webcard 2 years, standard rate of EUR 55 thereafter Current account overdraft rates preferential rate Mortgage application fees Personal loan rate preferential rate Wüstenrot mortgage savings scheme subscription fees standard standard rate 0.25% Alizéa retirement savings scheme subscription fees standard no collection charges European Youth Card Rent deposit of charge (with pledge) (1) Reserved exclusively for clients aged 18 to 29 inclusive, enrolled in an academic institution. BIL may request proof of student status on an annual basis. (1) and (2) Clients who have subscribed these packages will be eligible for the package in question until the age of 30. In the month after the client s 30 th birthday, the B-Student and B-Active packages will be automatically replaced by the BIL City package, which incurs charges, unless the client notifies us in advance that he or she wishes to opt for another fee package or terminate the relationship. (3) Cannot be combined with other offers (4) Reserved exclusively for clients aged 18 to 29 inclusive, who are active in the labour market and receive their salary through a BIL account. 12

13 10. BIL packages for professionals BIL Start PRO One PRO World Baueren & Wënzer Quarterly fees EUR 50 EUR 100 EUR 30 Half-yearly statement Paper- account statement Account statement in paper form BILnet postal rate monthly dispatch: other periods: postal rate MultiLine Luxtrust certificate Eurotransferts BILnet/OP/SDD TUPs to BIL TUPs to another SEPA bank V PAY or Servicard V PAY card Credit card Visa Classic or MC Blue Token or other certificates PRO up to 2 per month * up to 1 per month * Token other certificates at half rate PRO up to 30 per month up to 6 per month * up to 3 per month * standard rate up to 50 per month up to 10 per month * up to 5 per month * Webcard standard rate Token up to 30 per month up to 6 per month * up to 3 per month * Credit card Visa Business or MC Business Investment loan application fee Overdraft facility/current account advance Application fee Visa Business (max. 1) choice of max. 1 choice of max % % * cannot be combined with other offers 13

14 11. Stock exchange transactions Fees for buy and sell trades The fees are calculated on the basis of the transaction amount and are not cumulative as the rates apply to the total amount. General fee - Equities, Bonds Equities and Exchange traded funds (and equivalent) * Up to EUR 100, % Up to EUR 250, % Up to EUR 500, % More than EUR 500, % Minimum fee EUR 75 BILnet Terms & Conditions -75% on pricing conditions Minimum BILnet fee EUR 25 Bonds and External structured products (and equivalent) * Up to EUR 100, % Up to EUR 250, % Up to EUR 500, % More than EUR 500, % Minimum fee EUR 75 BILnet Terms & Conditions -75% on pricing conditions Minimum BILnet fee EUR 25 * Excluding local taxes, brokerage fees and handling fees. 14

15 Brokerage fees and handling fees on equities Stock exchange Brokerage fees (%) Minimum (EUR) Handling Fees South Africa 0.10% ZAR 50 Germany (local markets) 0.12% EUR Germany (XETRA) 0.04% EUR 6 Australia 0.07% AUD Austria 0.08% EUR 15 Belgium 0.03% EUR 4 Canada 0.06% EUR 15 CAD 10 South Korea 0.07% KRW 41,580 Denmark 0.05% DKK 29 Spain 0.05% EUR 12 United States 0.06% EUR 15 USD 4 Finland 0.05% EUR 3.50 France 0.03% EUR 5.50 Great Britain * 0.05% EUR 18 GBP 10 Greece 0.10% EUR 95 Hong Kong 0.07% HKD 100 Hungary 0.14% HUF Indonesia 0.07% IDR 911,740 Ireland 0.05% EUR 30 Italy 0.04% EUR 8 Japan 0.07% JPY 3,320 Luxembourg 0.00% EUR 2.50 Malaysia 0.07% MYR 252 Norway 0.05% NOK 29 New Zealand 0.10% EUR 20 NZD Netherlands 0.03% EUR 5.50 The Philippines 0.07% PHP 1, Poland 0.14% PLN 120 Portugal 0.05% EUR 10 Singapore 0.07% SGD 138 Sweden 0.05% SEK 29 Switzerland * 0.06% EUR 8 CHF 25 Thailand 0.07% THB 1,630 Turkey 0.08% -- EUR 2.50 Other stock exchanges 0.60% EUR 50 * The minimum amount for brokerage fees only applies to transactions made through BILnet. If an order is executed over several days, brokerage fees will apply for each order execution day. 15

16 Brokerage fees and handling fees on bonds Stock exchange Broker fees (%) Minimum (EUR) Handling Fees Germany 0.125% EUR 15 EUR 2.50 Belgium 0.085% EUR 10 EUR 2.50 Denmark 0.085% EUR 10 EUR 2.50 France 0.085% EUR 10 EUR 2.50 Italy 0.085% EUR 10 EUR 2.50 Netherlands 0.085% EUR 10 EUR 2.50 Sweden 0.085% EUR 10 EUR 2.50 Switzerland 0.100% EUR 15 EUR 2.50 Other stock exchanges 0.085% EUR 10 EUR 2.50 There are no brokerage fees for transactions not made through a stock exchange. Options, futures and foreign exchange forwards transactions Options Futures 2% of the premium (min. EUR 75) + brokerage fees EUR 25 per contract (min. EUR 75) + brokerage fees Foreign exchange forwards 0.075%-1.20% 16

17 12. Investment funds Fees for buy and sell trades General fee schedule * BIL money market funds All amounts 0.10% Minimum fee BILnet Terms & Conditions Minimum BILnet fee % on pricing conditions -- External money market funds All amounts 0.20% Minimum fee EUR 75 BILnet Terms & Conditions -30% on pricing conditions Minimum BILnet fee EUR 50 Other BIL funds Up to EUR 100, % Up to EUR 250, % Up to EUR 500, % More than EUR 500, % Minimum fee BILnet Terms & Conditions Minimum BILnet fee % on pricing conditions -- The fees are calculated on the basis of the transaction amount and are not cumulative as the rates apply to the total amount. Other external funds Up to EUR 100, % Up to EUR 250, % Up to EUR 500, % More than EUR 500, % Minimum fee EUR 75 BILnet Terms & Conditions -30% on pricing conditions Minimum BILnet fee EUR 50 The fees are calculated on the basis of the transaction amount and are not cumulative as the rates apply to the total amount. * Excluding fees paid to the promoter and/or fund. 17

18 Fund investment arrangement fees UCITS (trades with automated handling) EUR 3 UCITS (manual trades) EUR 20 Complex funds EUR 250 Alternative Investment Funds with, for example, capital calls and commitments up to EUR 2, Other products BIL structured products Up to EUR 100,000 Up to EUR 250,000 Up to EUR 500,000 More than EUR 500, % subscription & buy 3.00% sell 0.90% subscription & buy 2.25% sell 0.80% subscription & buy 1.50% sell 0.70% subscription & buy 0.75% sell Minimum fee -- BILnet Terms & Conditions -30 % on pricing conditions Minimum BILnet fee -- Dual currency deposits All amounts 3.00% of the amount * * Fee calculated pro rata temporis over the term of the deposit 14. Foreign Exchange transaction fees The fees are calculated on the basis of the transaction amount and are not cumulative as the rates apply to the total amount. Up to EUR 50, % Up to EUR 150, % Up to EUR 500, % Up to EUR 1,000, % Up to EUR 5,000, % More than EUR 5,000, % 18

19 15. Recurring fee Recurring annual fee General fee schedule in branches Equities, investment funds, bonds and other securities 0.25% min. EUR (excl. VAT) per line and min. EUR 50 (excl. VAT) per Precious metals 0.275% category/securities account per annum Products issued by BIL (funds, bonds, BIL structured products) The recurring fee is calculated on the total amount of your securities. Recurring fee applied for the year of acquisition The fee depends on the acquisition date and is payable on acquisition. Rates on a sliding scale charged pro rata (according to date of entry) in-branch using BILnet from 1/1 to 30/6 100% of standard fee from 1/7 to 31/10 50% of standard fee from 1/11 to 31/12 For the following years, the recurring annual fee is payable in advance. This amount is therefore debited at the end of the year, on the basis of the securities account at 31/12, for the following year. 19

20 16. Miscellaneous securities Corporate actions Corporate actions Transcription of registered certificate (fee per transcription) Reconversion of Belgian certificates into originals (fee per conversion) Blocking securities for general meetings BIL-domiciled of charge EUR 50 Non-BIL domiciled 0.50% min. EUR 15 Immobilisation of bearer securities issued by Luxembourg companies Creation of register, per security EUR 300 Account entry (per deposit) EUR 150 Change (per change) EUR 150 Annual custody services for securities (per deposit) EUR 100 Any non-specified activity (per hour) EUR 120 Sealed envelope/deposit of safe-deposit box key Minimum annual fee per non-securities deposit Minimum annual fee for deposit of safe-deposit box key Minimum daily fee per category EUR 50 + VAT EUR plus VAT Rates on a sliding scale charged pro rata Deposited between 1/1 and 30/6. Deposited between 1/7 and 31/10. Deposited between 1/11 and 31/ % of the fee 50% of the fee of charge Acceptance of securities If of charge If against payment of charge EUR 75 per item 20

21 Delivery of securities BIL to BIL BIL to other banks (Luxembourg/abroad) Free of charge If of charge If against payment Minimum EUR 125 per item 0.15% of the stock market value EUR per item Withdrawal and delivery of securities BIL securities/rights Non-BIL rights, all stock exchanges Non-BIL securities * Repatriation and provision charges of charge EUR 7.50 per item EUR 75 per item * Important! Belgian tax in the event of the repatriation of securities: % on all physical deliveries of Belgian securities (calculated based on the last official listing, or on the nominal amount for unlisted fixed income securities) 17. Tax Relief and Reclaim Formalities with regard to double taxation treaties in respect of income on foreign securities (equities and bonds): annual fee: EUR 100 per securities account, tax relief (application of a lower withholding tax rate): 10% of the tax relief, tax reclaim (ex-post recovery of taxes): 10% of the amount recovered. These fees are subject to 17% VAT. The conditions relating to our investment services as well as the list of foreign countries of issue may be obtained from your relationship manager. 21

22 18. Safe-deposit boxes Volume in dm 3 Excl. VAT EUR EUR EUR EUR EUR EUR EUR EUR 540 +/- 479 EUR 850 Charge for replacing the lock of a safe-deposit box EUR 475 Charge for the forced opening of a safe-deposit box EUR 575 Non-resident clients Security deposit of EUR 750 returned at the end of the contract Minimum rental period 1 year 19. Loans and bank guarantees Single fees for credit-line opening Personal loan min. EUR 150 Mortgage (all types) 1% min. EUR 250 Student loan/bil COLLEGE Current account overdrafts 1% min. EUR 75 Overdraft facility (natural persons) 2% min. EUR 150 Investment loan (all types) 0.5% min. EUR 250 Overlimit fee All types of loan 1.7% per day Personal loan APR % Charges for special transactions Changes to an existing loan agreement EUR 75 Suspension/change of repayment schedule EUR 100 Issuance of certificates on request EUR 75 Mortgage release EUR notary fees Renewal of mortgage registration (excluding stamp duty and registration charges) EUR

23 Bank guarantees Bank guarantees for business and private purposes, hunting guarantee, fishing guarantee on behalf of and for the account of a natural person or legal entity. Guarantee not backed by deposits Guarantee backed by cash or securities Application fees 0.50% per quarter minimum EUR % per quarter minimum EUR 25 2 of the amount managed minimum EUR 75 Guarantee commitment Fixed charge of EUR 100 Activation of guarantee Fixed charge of EUR 50 Change to guarantee Increase and reduction of the amount Extension of the term 1 on the difference between the old and the new amount minimum EUR 25 1 of the amount minimum EUR 25 23

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SME fee schedule. February Together for you

SME fee schedule. February Together for you SME fee schedule February 2018 Together for you Contents 1. Daily banking and miscellaneous services 3 2. Electronic services 4 3. SEPA transfers 4 4. Non-SEPA transfers 5 5. Cash handling 7 6. Corporate