The Bank of Nova Scotia Barbados. Schedule of Rates

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1 Schedule of Rates The Bank of Nova Scotia Barbados Revised July 2018 There are other charges the Bank imposes for services. On request, you can get from the Bank specific charges not listed. TM Trademarks of The Bank of Nova Scotia, used under licence.

2 Contents Personal Deposit Accounts... Small Business & Commercial... Personal Lending Products... Personal Credit Cards... Funds Transfer & Foreign Exchange... Miscellaneous... Page Please note: We make every effort to keep charges to a minimum, but they are subject to intermittent review. Changes to terms and conditions, interest rates, fees and charges will be brought to the customer s attention by: - Placement on our website barbados.scotiabank.com - Notice in the branches - Advertisement - Notice in writing - or text messages The information in this Schedule of Rates does not include all retail fees and services charges, only those most applicable for standard banking transactions. 2

3 TOTAL ACCESS Account Monthly Fee Currency Minimum Opening Balance $0.00 Transaction Fees Number of transactions included EVERYDAY BANKING $35.00 (3 branch transactions and alternative channels free) BBD 3 branch transactions Unlimited self-service/alternate channels Branch transactions/cheque $3.00 POS FREE ATM, Telephone, Mobile & Internet FREE ATM Mini Statement $1.00 Non-Scotiabank ATMFees apply, Regular sundry fees apply Cheque writing privilege Yes Pays Interest No Interest Paid Statement Frequency Quarterly Overdraft available Yes, subject to normal lending criteria. Available for Sales to Residents of CANADA ELECTRONIC ACCESS Account Monthly Fee $16.00 Currency BBD Minimum Opening Balance $0.00 Payroll discount (50%) when receiving an electronic payroll deposit Transaction Fees Number of transactions 3 branch transactions included Unlimited self-service/alternate channels Branch transactions/cheque $5.00 ATM Mini Statement $1.00 Non-Scotiabank ATM Fees apply, Regular sundry fees apply Internet,Mobile,Telephone & Free POS Cheque writing privilege Yes Pays Interest No Interest Paid Statement Frequency Quarterly Overdraft available Yes, subject to normal lending criteria. Available for Sales to Residents of CANADA 3

4 Primary Savings Account Monthly Fee Currency Minimum Opening Balance $ Transaction Fees Number of transactions included None Branch transactions/cheque $5.00 POS $1.50 ATM Mini Statement $1.00 ATM, Telephone, Mobile & Internet. Cheque writing privilege Pays Interest Statement Frequency Overdraft available Request to hold statements Manager s Cheque validation Returned Cheques (Any reason - Any Currency) and Items deposited subsequently charged back Stop Payment Order Total Access Senior account Cash Branch Withdrawal without ScotiaCard Cheques issued on non-chequing account Account closure charge - accounts closed within 3 months $10.00 applies, if balance falls below $ BBD Non-Scotiabank ATMFees apply, Regular sundry fees apply FREE NO Calculated MINIMUM Monthly balance paid monthly Quarterly No ASP/SSRP Eligible - 1% bonus interest on ASP Contributions $25.00 $10.00 $40.00 $20.00 $5.00 ( Third Party withdrawal - waived for pensioners) $5.00 $3.00 $25.00 SPECIALTY ACCOUNT- Foreign Currency Account Monthly Fee $2.50 applies, if balance falls below $ Currency CAD, USD & EURO Opening Balance $3,000 Transaction Fees Number of transactions included None Branch transactions/cheque $3.00 POS $0.75 ATM Mini Statement $1.00 ATM, Telephone, Mobile & Internet Cheque writing privilege Pays Interest Statement Frequency Overdraft available Non-Scotiabank ATMFees apply, Regular sundry fees apply Free No No Quarterly No 4

5 Age Based Accounts Primary Savings Junior Minimum Monthly Fee Currency Opening Balance $0.00 Transaction Fees Ages 0-17 years of age must be opened with parent or guardian None BBD Number of transactions included None Branch transactions/cheque No fee POS $1.50 ATM Mini Statement $1.00 Non-Scotiabank ATMFees apply, Regular sundry fees apply ATM, Telephone, Mobile & Internet. Free Cheque writing privilege No Pays Interest Calculated MINIMUM Monthly balance paid monthly Statement Frequency Quarterly Overdraft available No Total Access Senior Age 60 years and older. A younger spouse or relative is also eligible for a joint account. Monthly Fee No fee Currency BBD Opening Balance $0.00 Transaction Fees Number of transactions included 3 branch transactions Unlimited self-service/alternate channels Branch transactions (includes transfers) & cheques $3.00 POS Free ATM Mini Statement $1.00 Non-Scotiabank ATMFees apply, Regular sundry fees apply, except as indicated below. ATM, Telephone, Mobile & Internet. Free Cheque writing privilege Yes Pays Interest Calculated MINIMUM Monthly balance paid monthly Statement Frequency Quarterly Overdraft available No 25% off Safety Deposit Box fee, Standing Orders and Drafts 5

6 Electronic Access Youth Age years Account Monthly Fee $6.00 Currency BBD Opening Balance $0.00 Transaction Fees Number of transactions included 3 branch transactions Unlimited self-service/alternate Branch transactions (includes channels transfers) & cheques $5.00 ATM Mini Statement $1.00 Cheque writing privilege Yes Pays Interest Statement Frequency No Quarterly Overdraft available Yes, subject to normal lending criteria. SMALL BUSINESS ACCOUNTS Small Business Operating Account - BBD Monthly Fee Branch - Debit 1.50 Branch - Credit 1.00 Branch - Transfer 1.00 ABM - Debit 1.00 ABM - Credit 0.75 ABM - Transfer 0.75 Small Business Operating Account - FC Monthly Fee 7.50 Branch - Debit 1.50 Branch - Credit

7 SMALL BUSINESS FINANCING TERM FINANCING (LOANS) Application Fee 1.00% CREDIT LINE Application Fees 1.00% Commitment Fee NIL Minimum Overdraft Interest $35.00 Administration Fee (Over-run) 1/2%, minimum $ Renewal Fee NIL OVERDRAFT PROTECTION Application Fees Commitment Fee NIL Minimum Overdraft Interest $40.00 Administration Fee $0.00 Renewal Fee NIL SMALL BUSINESS CREDIT CARDS Regular/AA Business Executive Annual (Membership) Fee (Principal Owner/Partner/Employee) $100.00/$75.00/$75.00 $120.00/$85.00/$85.00 Additional Card No charge Cash Advance Fee 2.99% Dishonored Cheque Charge (NSF) $50.00 Returned Cheque Charge $35.00 Late Payment Fee (Regular/AA Business) $50.00/$60.00 Over limit Fee $50.00/$60.00 Replacement Card Fee $25.00 Copy of Transaction/Charge Slip $0.00 Statement Copy Fee $0.00 Interest Rate (per annum) Business Surplus Account - BBD Monthly Fee Branch ABM Over the Counter Night Deposit Operating Account - FC Monthly Fee Branch ABM Annual Fee Disposable bags (100 bags) Replacement Keys Replacement Locks Night Depository 7 $10.00 Debit - $3.00, Credit - $2.00, Transfer - $1.00 Debit - $3.00, Credit - $2.00, Transfer -.75 $20.00 $10.00 $10.00 Debit - $3.00, Credit - $2.00, Transfer - $1.00 Debit - $3.00, Credit - $2.50, Transfer -.75 $ $ VAT $ cost $ cost

8 COMMERCIAL ACCOUNTS Corporate/Commercial - Operating Accounts Commercial Operating Account - BBD Monthly Fee Branch - Debit 1.50 Branch - Credit 1.00 Branch - Transfer 1.00 ABM - Debit 1.00 ABM - Credit 0.75 ABM - Transfer 0.75 Commercial Operating Account - FC Monthly Fee Branch - Debit 1.50 Branch - Credit 1.00 Branch - Transfer 1.00 ABM - Debit 1.00 ABM - Credit 0.75 ABM - Transfer 0.75 COMMERCIAL & CORPORATE FINANCING TERM FINANCING (LOANS) Application Fee 1/4% - 1% of amount DEMAND LOANS Application Fees 1/4% - 1% of amount CREDIT RELATED FEES Application Fee (urgent reviews) 3/4% - 3% of the amount of the increase, Min. $ Standby Fee 1/2% - 2% per annum on daily undrawn balance charged monthly Renewal Fee 1/4% % of total amount authorized Overrun Fees $5.00 per occasion Administration Fee (monitoring of conditions) $ $1,000 per occasion Breach of Conditions $ $1,000 per occasion Extension Fees Manager's discretion Commitment Fees 1/2% - 2% of net amount, Min. $ Fees $ VAT If records to be searched $ VAT Certification of Balance of account $1.25 Cheques issued on NON-CHEQUING ACCOUNT $30.00 Cheques returned NSF $20.00 Letters and forms at customers request $

9 Items deposited subsequently charged back $25.00 Minimum Overdraft Interest (Calculated on maximum daily balance) $10.00 Transfer between accounts to $15.00 per item, $35.00 per cover cheques hour, Min. $25.00 Search for vouchers $20.00 Stop Payment Order $15.00 Duplicate Statements within 3 months $25.00 within 6 months $20.00 Service charges on accounts closed $15.00 Opening New account due to lost passbook $5.00 Withdrawal by 3rd party $1.25 Charge for no book withdrawals Application Fee (Straight Purchases) 0.50% of amount requested Commitment Fees 1.00% Government Stamp Fees & Legal Varies based on loan amount Fees (PAID BY THE CUSTOMER) and lawyer chosen Late Payment Fee $30.00 after 10 days of delinquency Renewal Fee (Charge incurred for renewing your Mortgage with $60.00 the Bank) Loan Refinancing/Renegotiating 1.00% charged on new funds Fee of approved Loan Amount Construction Stage Payments (Interest only paid on Construction Loans) Prepayment Fee 1% above regular Mortgage Interest Rate. 90 days interest on any prepayment made in excess of the amount entitled to for any one calendar year as per PCA (Personal Credit Agreement. Inspection fee/site Visits - Progress Reports $50.00 at (Managers' discretion) Real Estate Loans Application Fee Government Stamp Fees & Legal Fees (PAID BY THE CUSTOMER) Late Payment Fee RETAIL LENDING PRODUCTS Residential Mortgage 0.50% OF APPROVED Loan Amount or min. $ (approved applications only) Depends on the amount of Loan and the charges vary per lawyer. $30.00 after 10 days of delinquency 9

10 Private Vehicles & Consumer Loans Application Fee 0.50% OF APPROVED Loan Amount or min. $100 Late Payment Fee (after 10 days delinquency) $30.00 after 10 days of delinquency Renewal Fee $60.00 Extension Fee 1 6/10% of unpaid balance. LINE OF CREDIT SCOTIALINE GOLD PERSONAL LINE OF CREDIT Annual Fee $ for Primary Borrower; $ for Co-borrower Over limit Fees (Charge incurred monthly whenever the ScotiaLine $60.00 is over the Limit) Late Payment Fee (Applied to each $60.00 payment made after the due date) Return Cheque Charge $50.00 Dishonored payment (applied to each payment credited to your account that is subsequently returned $50.00 to us unpaid Not sufficient funds (NSF) fee (Applies to each ScotiaLine cheque drawn on your account that is returned due to $50.00 insufficient credit available on your account.) Returned Cheque/Dishonoured Payment $50.00 Cheque Stop Payment fee $20.00 Additional or replacement statement $15.00 fee Retrieval of Items Fee $15.00 ATM Cash Advance Fee $5.00 Fee for replacing (Damaged/ Lost) ScotiaLine Gold card Fee for replacing an additional or replacement statement Personal Loans (SPL) $25.00/$35.00 $25.00 SCOTIALINE PERSONAL LINE OF CREDIT Annual Fee $ for Primary Borrower; $75.00 for Co-borrower Over limit Fees (Charge incurred monthly whenever the ScotiaLine is over the Limit) $60.00 Late Payment Fee (Applied to each payment made after the $60.00 due date) Return Cheque charge $50.00 Dishonored payment (applied to each payment credited to your account that is subsequently $50.00 returned to us unpaid 10

11 Not sufficient funds (NSF) fee -(Applies to each Scotialine cheque drawn on your account that is returned due to insufficient $50.00 credit available on your account.) Cheque Stop Payment Fee $20.00 Additional or replacement statement fee $15.00 Retrieval of Items Fee $15.00 Personal Credit Cards Standard Cards (Regular) Annual (Membership) Fee $29.00 Additional Card (Regular/ No charge Secured/Premium) Cash Advance Fee 2.99% min $10.00 Dishonored Cheque Charge (NSF) $30.00 Returned Cheque Charge $30.00 Late Payment Fee $49.00 Over limit Fee $49.00 Replacement Card Fee $15.00 Copy of Transaction/Charge Slip $15.00 Statement Copy Fee $15.00 Interest Rate (per annum) 27.49% AERO Platinum Cards Annual (Membership) Fee (Regular/Premium) $199.00/$70.00 monthly Additional Card (Regular/Premium) No charge Cash Advance Fee 3.00% min $10.00 Dishonored Cheque Charge (NSF) $30.00 Returned Cheque Charge $30.00 Late Payment Fee (Regular/ $49.00 Over limit Fee (Regular/Premium) $49.00 Replacement Card Fee $20.00 Copy of Transaction/Charge Slip $15.00 Statement Copy Fee $15.00 Interest Rate (per annum) 29.49% GOLD Cards Annual (Membership) Fee (Regular/Premium) $ Additional Card (Regular/ Premium) No charge Cash Advance Fee 2.99% min $10.00 Dishonored Cheque Charge (NSF) $30.00 Returned Cheque Charge $30.00 Late Payment Fee (Regular/ Premium) $49.00/$40.00 Over limit Fee (Regular/Premium) $49.00/$40.00 Replacement Card Fee $25.00 Copy of Transaction/Charge Slip $15.00 Statement Copy Fee $15.00 Interest Rate (per annum) 26.99% 11

12 Personal Credit Cards (Specialty Cards) AAdvantage MasterCard Annual (Membership) Fee (Regular/Premium) $115.00/$70.00 Additional Card (Regular/Premium) No charge Cash Advance Fee 2.99% min $10.00 Dishonored Cheque Charge (NSF) $30.00 Returned Cheque Charge $30.00 Late Payment Fee (Regular/ Premium) $49.00/$40.00 Over limit Fee (Regular/Premium) $49.00/35.00 Replacement Card Fee $20.00 Copy of Transaction/Charge Slip $15.00 Statement Copy Fee $25.00 Interest Rate (per annum) 27.49% PIN Change Fee PriceSmart Diamond Mastercard Annual (Membership) Fee (Regular/Premium) $60.00/$70.00 Additional Card (Regular/Premium) No charge Cash Advance Fee 2.99% min $10.00 Dishonored Cheque Charge (NSF) $35.00 Returned Cheque Charge $35.00 Late Payment Fee $40.00 Over limit Fee $40.00 Replacement Card Fee $20.00 Copy of Transaction/Charge Slip $15.00 Statement Copy Fee $15.00 Interest Rate (per annum) 27.49% 12

13 FUNDS TRANSFERRED AND FOREIGN EXCHANGE Mail Transfers Inland Local $12.00 Overseas $20.00 Managers Cheques/Money Orders $10.00 Drafts $10.00 Real Time Gross Settlement (RTGS) $10.00 per transaction Telegraphic Transfers Up to USD$100,000 USD$ Cost USD$100, ,000 USD$150 + Cost USD$500,001-5,000,000 1/64%,Min USD$ More than USD$5,000,000 USD$750 + cost + ledger fee - USD$25 per month Conversion of FX to draft re incoming Transfers 1% minimum$5.00 Incoming Transfers $10.00 Foreign Exchange Rates POSTED Daily Charge for drafts sold when FX cheque is presented 2.00% minimum$5.00 Telephone transfers (outgoing) inland $30.00 per call + $15.00 commission Telegraphic/telephone transfers (incoming) $10.00 each. Payment of Foreign Currency Item in same Currency 1%, Min... $5.00 Payment of Foreign Currency Buying rate for one currency & Item in another Foreign Currency selling rate for the other. Registration of funds at Central Bank $100 each Replacement of lost drafts $20.00 Telex/Fax to relay messages Rates forinternationalbusiness Companies & Foreign Sales Corporations. Minimum USD$10.00 Audi - tors Confirmations USD$25.00 Drafts (FOREIGN & Local) USD$5.00 Conversion of Foreign Currency to Foreign Currency draft 2%, Min... $5.00 MISCELLANEOUS CHARGES Audit Certificates (Commercial/ Retail) Bankers' Orders (Standing orders/occasional transfers) Credit Reports for Customers benefit (commercial & Retail) forward exchange rates. Standing Order (Salaries) $20.00 $50.00 Current Year $ years prior $100 3 years prior $200 over 3 years prior By draft $12.00 To account -$10.00 $25.00 (add spreads to the rates quoted by Inter - national Banking Division. Up to USD$10,000 1/2% USD$10,001 - $50,000 1/4% USD$50,001 - $100,000 1/8% more than USD$100,000 1/16% 13

14 Securities - purchase/sale 1/4%, Min... $ broker's fees Utility Bills $1.00 per bill Photocopies (per item) $5.00 per sheet Occasional Transfers between accounts. $10.00 Preparation/submission of Central Bank FC Forms $25.00 Requests for Physical Cheques $45.00 per request charge Replace lost passbook $20.00 Payroll Preparation Deposit to Employee's account $5.00 or from List Charge Filling Envelopes with Names $5.00 per envelope, Min $ & Amounts already recorded Filling Envelopes with Names &Amounts not recorded 14 $7.00 per envelope, Min $ Making Payments in Cash from $5.00 per name, Min $ a list supplied by employer Scotiabank Banked employer Each Payroll Run $50.00 Transaction fee Into Scotiabank Account $1.50 Payment by other means $15.00 Non-Scotiabank employer with Scotiabank banked employees Each Payroll Run $70.00 Transaction fee per Customer $1.50 Cash Processing Cash/Coin deposited/supplied (sorted & bundled $0.95 per $1, Cash/Coin deposited/supplies $1.80 per $100 (unsorted, unbundled bills) Safety Deposit Box 1 1/2 X 5 x 24 $ VAT 2 1/2 x 5 x 24 $ VAT 5 1/2 x 5 x 24 $200 + VAT Listing of contents for Estate $50.00 purposes Visit in excess of 2 per month $5.00 Drilling of Safety Deposit Box $250 + expenses Replacing Lock min... $200 SDB Rental Rebates 1/12 of annual rental for each unexpired full month; net charge first year must not be less than 1/12 annual rental Lost/Broken Keys $50.00 Boxed Drill $ Costs

15 Night/Day Deposit Bags Disposable bags (100 BAGS) $ VAT Lost/broken head door keys $ Cost Self Service Banking INTERNET BANKING MOBILE BANKING TELEPHONE BANKING ATM POS FREE FREE FREE Refer Deposit accounts for charges. Refer Deposit accounts for charges.

16 Contact Us Call us at Visit our website at barbados.scotiabank.com Visit our facebook page at Tweet us

Schedule of Rates Revised March 2019

The Bank of Nova Scotia Barbados Schedule of Rates Revised March 2019 There are other charges the Bank imposes for services. On request, you can get from the Bank specific charges not listed. TM Trademarks