Prices for services in standardized business transactions, in the provision of payment services and in check transactions with corporate customers, unless specified in the price list or other postings
Table of Content 1 General Information About the Bank... 4 1.1 Name and Address of the Bank... 4 1.2 Communication With the Bank... 4 1.3 Internal Complaints Office of the Bank... 4 1.4 Authorized Supervisory Authority... 4 1.5 Entry in the Commercial Register... 4 1.6 Contract Language... 4 1.6.1 Business Days of the Bank... 5 2 Savings Account... 5 3 Current Account for Companies... 5 3.1 Account Management... 5 3.2 Bank Statement... 5 4 Provision of Payment Services to Corporate Customers... 6 4.1 Transfers... 6 4.1.1 Money Transfers within Germany and Other States of the European Economic Area (EEA) in Euro or Other EEA Currencies... 7 4.1.1.1 Acceptance Period (s) for Transfers (Manual or Electronic)... 7 4.1.1.2 Execution Periods... 7 4.1.1.3 Fees for the Execution of Transfers... 8 4.1.1.4 Other Charges... 9 4.1.1.5 Fees for Incoming Transfers... 9 4.1.1.6 Other Fees... 9 4.1.2 Transfers within Germany and Other States of the European Economic Area (EEA) in the Currencies of a Country Outside the EEA (Third Country Currency) and Transfers to Countries Outside the EEA (Third Countries)...10 4.1.2.1 Acceptance Period (s) for Transfers (Manual and Electronical))...10 4.1.2.2 Execution Periods...10 4.1.2.3 Fees for the Execution of Transfers...10 4.1.2.4 Other Fees...12 4.1.2.5 Fees for Incoming Transfers from Germany and from Other Countries of the European Economic Area (EEA) in Non-EEA Currencies (Third Country Currency) and Transfers from Non-EEA Countries (Third Countries)...12 4.1.2.6 Other Fees...13 4.2 SEPA Real-Time Transfers...13 4.3 Debit Advice Transactions...14 4.3.1 Direct Debit Authorization Using the Payment Card of the Payer at a Point of Sale (Electronic Direct Debit)...14 4.3.2 SEPA Basic Direct Debit...14 4.3.2.1 Execution Periods...14 4.3.2.2 Fees...14 4.3.3 SEPA Corporate Direct Debit...14 4.3.3.1 Execution Periods...14 4.3.3.2 Fees...14 July 23, 2018 Page 2 of 20
4.3.4 Cash Withdrawal...15 4.3.5 Card-Based Payment Transactions...15 4.4 Check Transactions...15 5 Loans for Corporate Customers...16 5.1 Special Services in the Lending Business (Corporate Customers)...16 5.1.1 In Loan Processing...16 5.1.2 In Collateral Processing...16 5.2 Guarantees...17 5.3 Other Chargeable Services...17 5.4 Information (Obtained on Behalf of the Customer, without Any Existing Legal or Contractual Obligation of the Bank, or the Bank Obtaining the Information in Its Own Interest)...17 6 Securities Services and Related Services...18 7 Futures Contracts...18 8 Custody Services...18 9 Miscellaneous...19 10 Exchange Rate for Foreign Currency Transactions...19 11 Reference Legal Obligations of Payment Service Providers in Relation to Processing Personal Data for the Purposes of Money Laundering and Terrorist Financing Prevention...20 July 23, 2018 Page 3 of 20
1 General Information About the Bank Changes to the general information about the bank are derived from our business correspondence or the account statement. 1.1 Name and Address of the Bank Name of the bank: North Channel Bank GmbH & Co. KG Address: Erthalstraße 1, Bonifaziusturm B Postcode / city: 55118 Mainz Phone: 06131 / 6693 0 Fax: 06131 / 6693 200 Internet: www.northchannelbank.de Please note: For the transmission of orders by fax or via Internet customers shall use the communication channels agreed with the bank such as e.g. online banking. 1.2 Communication With the Bank The relevant bank address for the individual business relationship or other communication addresses of the bank will be provided separately. 1.3 Internal Complaints Office of the Bank Customers may submit a complaint to the following complaints office: Beschwerdestelle@northchannelbank.de 1.4 Authorized Supervisory Authority Federal Financial Supervisory Authority (BAFIN), Graurheindorfer Strasse 108, 53117 Bonn Registration Number ID100340 1.5 Entry in the Commercial Register Commercial Register A of Mainz Local Court (Amtsgericht) HRA 41054 1.6 Contract Language The relevant language for the business relationship with the customer is German. July 23, 2018 Page 4 of 20
1.6.1 Business Days of the Bank A business day is any day on which the payment service providers involved in the execution of a payment transaction maintain the business operations required to execute such payment transactions. The bank maintains the business operations required to execute payments on all working days, with the exception of: Saturdays December, 24th and 31st Carnival Monday (Rosenmontag) Holidays in Rhineland-Palatinate Working days on which the bank in charge of a respective account has closed for particular local reasons (such as carnival, staff meeting) and these days were announced in advance outside the branch office. 2 Savings Account Not available 3 Current Account for Companies 3.1 Account Management Current accounts for companies Monthly basic price flat rate as per individual agreement Cancellation and adjustment entries due to incorrect postings are not subject to charge. Insofar as statutory regulatons do not contradict the charging of fees. 3.2 Bank Statement Bank statement once per calendar month EUR 0.00 Reproduction of an account statement / duplicate account statement on request of the customer - Automated (as far as possible for recent account statements) up to and including 6 months after initial production per statement EUR 10.00 - Manual (older statements if automatic creation is no longer possible) postage (More / longer) from 6 months after issuance per statement EUR 20.00 July 23, 2018 Page 5 of 20
4 Provision of Payment Services to Corporate Customers 4.1 Transfers Please note EEA stands for the European Economic Area. The European Economic Area currently includes the EU member states Belgium, Bulgaria, Denmark, Germany, Estonia, France (including French Guiana, Guadeloupe, Martinique, Mayotte, Reunion), Finland, Greece, Ireland, Italy, Croatia, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Austria, Poland, Portugal, Romania, Sweden, Slovakia, Slovenia, Spain, Czech Republic, Hungary, United Kingdom of Great Britain and Northern Ireland as well as Cyprus, Iceland, Liechtenstein and Norway. The EEA currencies currently include: Euro, British Pound Sterling, Bulgarian Lev, Danish Krone, Icelandic Krone, Croatian Kuna, Norwegian Krone, Polish Zloty, Romanian Lei, Swedish Krona, Swiss Franc, Czech Koruna, and Hungarian Forint. IBAN = International Bank Account Number BIC = (Business) Bank Identifier Code July 23, 2018 Page 6 of 20
4.1.1 Money Transfers within Germany and Other States of the European Economic Area (EEA) in Euro or Other EEA Currencies 4.1.1.1 Acceptance Period (s) for Transfers (Manual or Electronic) On business days of the bank for: Bank transfer executed as a SEPA payment 2.30 pm Bank transfer executed as a SEPA-express payment 11.00 am Bank transfer in EUR 2.30 pm Bank transfer in GBP 11.15 am Bank transfer in CHF (to Liechtenstein) 09.30 am The bank's business days are specified in section 1.6.1 4.1.1.2 Execution Periods The bank is obligated to ensure that the transfer amount arrives at the payment service provider of the payee no later than: Bank transfer orders in Euro Electronic transfer order * Manual transfer order Maximum one business day Maximum two business days * Bank transfer via self-service terminal, telephone banking, online banking or remote data transfer. Transfer orders in other EEA currencies Electronic transfer order* Manual transfer order 4 business days 4 business days *Bank transfer via self-service terminal, telephone banking, online banking or remote data transfer. July 23, 2018 Page 7 of 20
4.1.1.3 Fees for the Execution of Transfers Please note: The following fees do not apply if and to the extent that the execution of money transfers is already included in the price of a comprehensive account maintenance package or if separatete terms and conditions have been contractually agreed. If the payer expressly gives no other instruction, payers and payees each pay the fees charged by their respective payment service provider. The payer is subject to the following charges: * Money transfer order with payee's IBAN in euros within the bank EUR 0.00 per transaction * Money transfer order with payee's IBAN in euros to another financial institution (S PA participant) EUR 0.00 per transaction * Money transfer order with payee's IBAN in euros to another financial institution (NON-S PA participant) EUR 15.00 per transaction * Money transfer order with account no. / BIC of the payee, which is denominated in another currency of an EEA Member State EUR 20.00 per transaction * Money transfer order with IBAN / BIC of the payee, which is denominated in another currency of an EEA Member State EUR 20.00 per transaction * Money transfer order with account no. of the payee, plus name and address of the payment service provider of the payee, which is denominated in another currency of an, EEA Member State EUR 20.00 per transaction Surcharge on urgent payment (urgent & instruction Same Day Value )) EUR 10.00 per transaction Surcharge NONSTP EUR 35.00 per transaction (Straight through processing is not possible) July 23, 2018 Page 8 of 20
4.1.1.4 Other Charges Reasonable refusal to execute an authorized transfer order due to insufficient funds or due to missing information EUR 25.00 Processing of a revocation of a money transfer after receipt of the transfer order (precondition: the order has not yet been released by the bank EUR 50.00 Processing of the recovery of a money transfer with incorrect customer identification information provided by the customer EUR 70.00 Plus external fees Set up / change of standing order not available 4.1.1.5 Fees for Incoming Transfers Please note: The following fees do not apply if and to the extent that the execution of money transfers is already included in the price of a comprehensive account maintenance package or if separatete terms and conditions have been contractually agreed (see section 3.1 Account Management ). The bank is entitled to deduct its applicable fee from the transfered amount prior to credit entry. In this case, the bank will separately disclose the full amount of the transfer and the applicable fee. In the case of an incoming transfer, the bank charges the following: Transfer in EUR via SEPA EUR 0.00 per transaction Transfer in EUR via SWIFT / TARGET EUR 15.00 per transaction Transfer in another currency of an EEA Member State EUR 20.00 per transaction Foreign currency conversion fee 0,025% of the order amount If the customer does NOT maintain a foreign currency account in the appropriate currency minimum EUR 10.00 No fee applies, if the transfer order contains the payer s payment instruction payer pays all fees. 4.1.1.6 Other Fees Processing of a transfer return (return) EUR 35.00 (Return of a payment to the payer from the customer account with NCB) Processing of a request for further information on incoming remittances inquiry EUR 35.00 Plus external fees Fees due to incorrect postings are not subject to charge. Insofar as statutory regulatons do not contradict the charging of fees. July 23, 2018 Page 9 of 20
4.1.2 Transfers within Germany and Other States of the European Economic Area (EEA) in the Currencies of a Country Outside the EEA (Third Country Currency) and Transfers to Countries Outside the EEA (Third Countries) Please note: A third country currency is, for example, the US dollar. Third countries are all countries outside the European Economic Area (see section 4.1). 4.1.2.1 Acceptance Period (s) for Transfers (Manual and Electronical)) On bank business days for: Transfer in CHF 09.30 am Transfer in JPY, AUD 10.15 am Transfer in CAD, MXN 11.30 am Transfer in USD 01.45 pm 4.1.2.2 Execution Periods Money transfers will be made as soon as possible. 4.1.2.3 Fees for the Execution of Transfers Please note: The following fees do not apply if and to the extent that the execution of money transfers is already included in the price of a comprehensive account maintenance package or if separatete terms and conditions have been contractually agreed. If the payer expressly fails to instruct otherwise, the payer and the payee shall each pay the charges applied by their payment service provider ("SHA"). In the case of the "SHA" payment order, any charges may be deducted from the transfer amount by intermediary payment service providers established in a country outside the EEA and by the payee's payment service provider. In the case of a transfer outside the EEA, the payer may choose between the following fee distributions: I. SHARE: The payer and the payee shall each pay the fees charged by their payment service provider. In the case of the "SHA" payment order, any charges may be deducted from the transfer amount by intermediary payment service providers located in a country outside the EEA and by the payee's payment service provider. II. III. OUR: Payer pays all fees (only possible with separate agreement). In the case of the "OUR" charge instruction, any fees may be deducted from the transfer amount by any of the payment service providers involved. BEN: The payee pays all charges. In case of the "BEN" charging instruction: the payee pays all fees, which means that the intermediary payment service providers may deduct fees from the transfer amount, if applicable. This charge instruction can only be commissioned in third countries (only outside the EU/EEA). July 23, 2018 Page 10 of 20
* Transfers within Germany and Other States of the European Union Economic Area (EEA) in Currencies of a Country outside the EEA (Third Country Currencies): - Transfer order using IBAN / BIC of the payee EUR 20.00 per transaction - Transfer order using account number / BIC of the payee - Transfer order using account number of payee as well as name and address of the payment service provider of the payee * Transfers to Non-EEA Countries (Third Countries) - Transfer order using IBAN / BIC of the payee - Transfer order using account number / BIC of the payee - Transfer order using account number of payee as well as name and address of the payment service provider of the payee EUR 20.00 per transaction EUR 20.00 per transaction EUR 20.00 per transaction EUR 20.00 per transaction EUR 20.00 per transaction Surcharge urgent standard payment (SWIFT urgent & instruction Same Day Value)EUR 10.00 per transaction Surcharge standard payment EUR non-eu EUR 5.00 per transaction Surcharge OUR country group A (all except B) EUR 25.00 per transaction Surcharge OUR country group B (USA and payments in USD) EUR 35.00 per transaction Surcharge NONSTP EUR 35.00 per transaction (Straight through processing is not possible) July 23, 2018 Page 11 of 20
4.1.2.4 Other Fees Justified rejection of the execution of an authorized transfer order due to insufficient funds or due to missing/ incorrect information EUR 25.00 Processing of a transfer revocation after receipt of the transfer order (Precondition: The order has not yet been released by the system) EUR 50.00 Processing of the recovery of a money transfer with incorrect indication of the payee s customer identification by the customer EUR 50.00 Bank s efforts to recover third country payments with incorrect indication of the customer identification of the payee by the customer EUR 70.00 Plus external fees 4.1.2.5 Fees for Incoming Transfers from Germany and from Other Countries of the European Economic Area (EEA) in Non-EEA Currencies (Third Country Currency) and Transfers from Non-EEA Countries (Third Countries) Please note: The following fees do not apply if and to the extent that the execution of money transfers is already included in the price of a comprehensive account maintenance package or if separatete terms and conditions have been contractually agreed (see section 3.1 Account Management ). The bank may deduct its fee from the amount transferred before the deposit. In this case, the bank will separately disclose the full amount of the transfer and the applicable fee. The person responsible for bearing the charges incurred for executing the transfer is determined by the fee arrangement between the payer and his payment service provider. The following agreements are possible For a payment order within the EEA: I. SHARE: The payer and the payee shall each pay the fees charged by their payment service provider. In the case of the "SHA" payment order, any charges may be deducted from the transfer amount by intermediary payment service providers and by the payee's payment service provider. For payments received from outside the EEA: II. III. OUR: The payer pays all fees. BEN: The payee pays all fees. If the payment instruction BEN is given, any of the intermediary payment service providers may deduct fees from the transfer amount. July 23, 2018 Page 12 of 20
In case of an incoming payment, the bank charges the following fees: Payment in currencies of a country outside the EEA: Foreign currencies and payments from non-eea countries EUR 20.00 per transaction Surcharge incoming payment non-eu EUR 5.00 per transaction Surcharge NONSTP EUR 35.00 per transaction (Straight through processing is not possible) Foreign currency conversion fee 0,025% If the customer does NOT maintain a foreign currency account in the appropriate currency minimum EUR 10.00 4.1.2.6 Other Fees Processing of the return of a payment (return) EUR 35.00 (Return of a payment to the payer from the customer account at NCB) Processing of a request for further information on an incoming payment inquiry Fees due to incorrect postings are not priced as far as statutory regulations are not opposed to such charges. 4.2 SEPA Real-Time Transfers Not available EUR 35.00 Plus external fees July 23, 2018 Page 13 of 20
4.3 Debit Advice Transactions 4.3.1 Direct Debit Authorization Using the Payment Card of the Payer at a Point of Sale (Electronic Direct Debit) Not available 4.3.2 SEPA Basic Direct Debit 4.3.2.1 Execution Periods The bank is obliged to ensure that the direct debit amount is received within no longer than one business day by the payment service provider of the payee. The bank s business days are specified in section 1.6.1. 4.3.2.2 Fees Direct debit redemption EUR 0.00 Justified refusal to redeem an authorized direct debit due to insufficient funds EUR 5.00 Processing of the recovery of a direct debit with incorrect indication of the payee s customer identification EUR 5.00 4.3.3 SEPA Corporate Direct Debit 4.3.3.1 Execution Periods The bank is obliged to ensure that the direct debit amount is received within no longer than one business day by the payment service provider of the payee. The bank s business days are specified in section 1.6.1. 4.3.3.2 Fees Verification and setup per mandate EUR 15.00 Direct debit redemption EUR 0.00 Confirmation of a SEPA B2B Direct Debit mandate by the payer: setup or change EUR 15.00 Justified refusal to redeem an authorized direct debit mandate due to insufficient funds EUR 15.00 Processing of the customer s rejection of individual direct debits EUR 5.00 July 23, 2018 Page 14 of 20
4.3.4 Cash Withdrawal Not available 4.3.5 Card-Based Payment Transactions Not available 4.4 Check Transactions Not available July 23, 2018 Page 15 of 20
5 Loans for Corporate Customers 5.1 Special Services in the Lending Business (Corporate Customers) 5.1.1 In Loan Processing Interest certificate on request of the customer EUR 25.00 Additional interest plan / amortization schedule EUR 35.00 Unscheduled credit line or balance statement EUR 25.00 Change of instalments on customer s request per individual agreement Confirmation of financing to third parties EUR 25.00 Calculation of a prepayment penalty per loan account 5.1.2 In Collateral Processing Inspection of the land register or obtaining an extract from the land register on behalf of the customer (plus applicable land register fees, as far as permitted by law) per individual agreement per individual agreement Inspection of a register (e.g. commercial register, association register, matrimonial register, property register) or collection of a register extract on behalf of the customer (plus register fees incured, as far as permitted by law) EUR 15.00 Exchange of collateral on behalf of the customer (calculated in individual cases at costs, plus expenses, as far as legally permissible). Rank change in the case of a real estate lien on behalf of customers (plus expenses, as far as legally permissible) per individual agreement Other declarations in connection with real estate liens, without any existing legal or contractual obligations of the bank Assignment of trust orders Settlement of trust orders on behalf of the customer per individual agreement per individual agreement per individual agreement July 23, 2018 Page 16 of 20
5.2 Guarantees Not available 5.3 Other Chargeable Services Commitment fee for loans Debt capital certificate Housing allowance certificate Release of building insurance due to change of insurance carrier Preparation of an appraisal on behalf of the customer (with object inspection) (Plus applicable costs, as far as legally permissible) List of bank guarantees assumed on behalf of the customer Release from joint liability at the customer s request Deposit release at customer s request and new land register extract Retail lending business not offered per individual agreement per individual agreement per individual agreement per individual agreement per individual agreement per individual agreement per individual agreement per individual agreement 5.4 Information (Obtained on Behalf of the Customer, without Any Existing Legal or Contractual Obligation of the Bank, or the Bank Obtaining the Information in Its Own Interest) Obtain a domestic bank reference at cost, minimum EUR 15.00 Obtain a foreign bank reference at cost, minimum EUR 25.00 Obtain other information at cost, minimum EUR 25.00 (Plus expenses, as far as legally permissible) July 23, 2018 Page 17 of 20
6 Securities Services and Related Services According to the individual agreement In addition, the bank will charge the expenses and third party costs (to the extent legally permissible in each case) charged to it by third parties for the execution of the order. Upon request, the bank shall be prepared, as far as possible, to disclose the breakdown of third party costs. Should parts of the price of a securities transaction be payable in a foreign currency, the exchange rate is determined in accordance with subsection 8 of this. If, due to tight market conditions, partial executions take place on different days, any partial execution shall be invoiced as a separate order. 7 Futures Contracts According to the individual agreement 8 Custody Services Only for existing customers per individual agreement July 23, 2018 Page 18 of 20
9 Miscellaneous Confirmation of the entire business relationship on behalf of the customer 75.00 EUR Telephone call (executed on behalf of the customer, incl. VAT) 0.00 EUR Fax (executed on behalf of the customer, incl. VAT) 0.00 EUR Photocopy (executed on behalf of the customer, incl. VAT) 0.00 EUR Inquiry (executed on behalf of the customer, if the investigation was caused by circumstances for which the customer is responsible) Invalidation procedures (plus expenses, as far as permitted by law) Income statement Account block on behalf of the customer Address research (insofar as caused by circumstances for which the customer is responsible) 0.00 EUR 0.00 EUR 0.00 EUR 0.00 EUR Reminder 0.00 EUR Free of charge if, in case of a consumer credit agreement, the legal default interest rate is charged to the borrower during his contract or if the customer only falls into arrears through the reminder. The customer reserves the right to prove the contrary that in his case no damage or only minor damage was caused by the reminder. Hourly rate for special services to be invoiced on a time basis (executed on behalf of the customer, without the bank being legally obliged to do so) 0.00 EUR/hour Subsequent correction of exemption order for capital gains if a manual calculation / cancellation of capital gains tax / solidarity surcharge must be made (only if the correction was caused by circumstances for which the customer is responsible) 25.00 EUR/hour 10 Exchange Rate for Foreign Currency Transactions The bank generally does not offer any foreign currency transactions. In the event that, nevertheless, in exceptional cases, agreements are made for foreign currency transactions, the respective exchange rate shall be individually agreed and determined with the customer July 23, 2018 Page 19 of 20
11 Reference Legal Obligations of Payment Service Providers in Relation to Processing Personal Data for the Purposes of Money Laundering and Terrorist Financing Prevention The "Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information to be communicated in connection with transfers of funds" (EU Regulation on Transfers of Funds) serves the purpose of preventing, detecting and investigating money laundering and terrorist financing in connection with transfers of funds. It obliges the bank to check and transmit information on the originator (payer) and beneficiary (payee) when executing transfers of funds. This information consists of name and customer identification of the payer and payee and the payer s address. This information consists of the name and customer identification of the payer and payee and the payer's address. In the case of transfers of funds within the European Economic Area, the payer's address may initially not be forwarded, but this information may be requested from the payee's payment service provider if necessary. When specifying name and, if applicable, address, the bank uses the data stored in its systems in accordance with the legal requirements. With the regulation it is achieved that from the payment transaction data records themselves can always be clearly determined who is the payer and who the is the payee. This also means that the bank will check payment data, answer questions of other credit institutions on the identity of the payer or payee, and to on request, the data must be made available to the appropriate authorities July 23, 2018 Page 20 of 20