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 of The Bank of Nova Scotia, used under licence.
Contents Personal Deposit Accounts... Small Business & Commercial... Personal Lending Products... Personal Credit Cards... Funds Transfer & Foreign Exchange... Miscellaneous... Page 3-5 6-10 10-12 12-13 14 15-16 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 bb.scotiabank.com - Notice in the branches - Advertisement - Notice in writing - Email 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
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 *Cheque/Deposits over the counter transactions beyond any free items account holder entitled to $5.00 3
Primary Savings Account Monthly Fee Currency Minimum Opening Balance $300.00 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 $300.00 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 $300.00 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 *Cheque/Deposits over the counter transactions beyond any free items account holder entitled to $5.00 4
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 *Cheque/Deposits over the counter transactions beyond any free items account holder entitled to $5.00 5
Electronic Access Youth Age 18-25 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 10.00 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 - Foreign Currency (USD) Monthly Fee 7.50 Branch - Debit 1.50 Branch - Credit 1.00 Branch - Transfer 1.00 ABM - Debit 1.00 ABM - Credit 0.75 ABM - Transfer 0.75 Business Surplus Account - BBD Monthly Fee Branch ABM Over the Counter Night Deposit Operating Account - FC Monthly Fee Branch ABM Miscellaneous Charges - BBD Annual Review Fee Late reporting fee $100.00 *Cheque/Deposits over the counter transactions beyond any free items account holder entitled to $5.00 6 $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 -.75.25% of outstanding balance. Minimum of $250.00
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 $250.00 Renewal Fee NIL OVERDRAFT PROTECTION Application Fees 50.00 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) Night Depository Annual Fee Replacement Keys Replacement Locks Disposal Plastic Bags (100 bags) Remove ABM fees from all Small Business Account types $200.00 $50.00 + cost $200.00 + cost No charge No charge Legal Letter from Branch $150.00 7
COMMERCIAL ACCOUNTS Corporate/Commercial - Operating Accounts Commercial Operating Account - BBD Monthly Fee 12.50 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 - Foreign Currency (USD) Monthly Fee 10.00 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 / Commercial Surplus A/C New Account Fee (separate legal entity) $500.00 $1,000.00 - (accounts requiring Enhanced Due Diligence) Secondary Account Fee (same legal entity) $150.00 $300.00 - (accounts requiring Enhanced Due Diligence) Change of directors or signatories $250.00 $500.00 - (accounts requiring Enhanced Due Diligence) Business Surplus Account - BBD Monthly Fee 10.00 Branch - Debit 3.00 Branch - Credit 2.00 Branch - Transfer 1.00 ABM - Debit 3.00 ABM - Credit 2.00 ABM - Transfer 0.75 Business Surplus Account - Foreign Currency (USD) Monthly Fee 10.00 Branch - Debit 3.00 Branch - Credit 2.00 Branch - Transfer 1.00 ABM - Debit 3.00 ABM - Credit 2.50 ABM - Transfer 0.75 Sundry Fees - BBD Certified Cheques 15.00 NSF Cheques 50.00 Stop Payments 30.00 Sundry Fees - Foreign Currency (USD) Certified Cheques 10.00 NSF Cheques 50.00 Stop Payments 60.00 8
COMMERCIAL & CORPORATE FINANCING TERM FINANCING (LOANS) Application Fee DEMAND LOANS Application Fees CREDIT RELATED FEES Application Fee (urgent reviews) Standby Fee Renewal Fee Overrun Fees 1/4% - 1% of amount 1/4% - 1% of amount 3/4% - 3% of the amount of the increase, Min. $100.00 1/2% - 2% per annum on daily undrawn balance charged monthly 1/4% - 1.00% of total amount authorized $5.00 per occasion Administration Fee (monitoring of conditions) $100.00 - $1,000 per occasion Breach of Conditions $100.00 - $1,000 per occasion Extension Fees Manager's discretion Commitment Fees 1/2% - 2% of net amount, Min. $100.00 Fees $20.00+ VAT If records to be searched $25.00 + 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 $15.00 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 $1.25 Charge for no book withdrawals 9
Off-Shore Banking (US$) Commercial Operating / Commercial Surplus A/C New Account Fee (separate legal entity) Account A $1000 Account B $2000 Account C $0 Account D $3000 Secondary Account Fee (same legal entity) Account A $100 Account B $200 Account C $0 Account D $500 Change of Directors or signatories Account A $500 Account B $500 Account C $0 Account D $1000 Monthly Management Fee Account A $300 Account B $125 Account C $0 Account D $600 Outgoing Wire Fee (plus applicable beneficiary Fees) Standard fee for all account types Manual wires $30 Online wires $25 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 delin quency 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 Inspection fee/site Visits - Progress Reports RETAIL LENDING PRODUCTS Residential Mortgage 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. $50.00 at (Managers' discretion) 10
Application Fee Government Stamp Fees & Legal Fees (PAID BY THE CUSTOMER) Late Payment Fee Real Estate Loans 0.50% OF APPROVED Loan Amount or min. $100.00 (approved applications only) Depends on the amount of Loan and the charges vary per lawyer. $30.00 after 10 days of delinquency Personal Loans (SPL) 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/Refinance Fees and Internal Processing $50 + 0.5% of approved loan amt (Min $100) LINE OF CREDIT SCOTIALINE GOLD PERSONAL LINE OF CREDIT Annual Fee $200.00 for Primary Borrower; $200.00 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 $50.00 account that is subsequently returned 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 $25.00/$35.00 Fee for replacing an additional $25.00 or replacement statement 11
SCOTIALINE PERSONAL LINE OF CREDIT Annual Fee $200.00 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 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% 12
GOLD Cards Annual (Membership) Fee (Regular/Premium) $115.00 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/$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% 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% - 13
FUNDS TRANSFERRED AND FOREIGN EXCHANGE Mail Transfers Inland Local $12.00 Overseas $20.00 Managers Cheques/Money Orders $10.00 $10.00 Real Time Gross Settlement (RTGS) $10.00 per transaction Telegraphic Transfers Up to USD$100,000 USD$75.00 + Cost USD$100,001 - Drafts 500,000 USD$150 + Cost USD$500,001-5,000,000 1/64%,Min USD$175.00 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 com mission 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 Standing Orders - External/outgoing $10.00 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 $75.00 2 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% 14
Securities - purchase/sale 1/4%, Min... $20.00 + 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 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 $1,000.00 Cash/Coin deposited/supplies $1.80 per $100 (unsorted, unbundled bills) Safety Deposit Box 1 1/2 X 5 x 24 $100.00 + VAT 2 1/2 x 5 x 24 $125.00 + 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 $100.00 + Costs 15
Annual Fee Disposable bags (100 bags) Replacement Keys Replacement Locks Night Depository $200.00 $70.00 + VAT $50.00 + cost $200.00 + 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
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