Turks & Caicos Islands International Corporate Banking Effective: Ma y 3, 2017 1
CONTENTS 1 INTERNATIONAL CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY 2 INTERNATIONAL CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY 3 TRADE SERVICES 4 LENDING AND CARD SERVICES 5 SUNDRY SERVICES 2
INTERNATIONAL CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY Business Current Accounts (Product Code 151) Business Call Accounts (Product Code 58) Required Minimum account balance $25,000.00 Required Minimum account balance $25,000.00 Monthly service fee $50.00 Monthly service fee $50.00 Monthly Penalty fee $25.00 Monthly Penalty fee $25.00 (Where account balance falls below required minimum) (Where account balance falls below required minimum) Withdrawals / Cheques per entry Withdrawals / Cheques per entry Deposits / Credits per entry Deposits / Credits per entry Fixed Deposit Accounts Transfer to another internal account on maturity Transfer to another institution on maturity Draft/Wire Cost Early Redemption Fees - Non-redeemable Fixed deposits only : Terms 1,000-4,999 5,000-9,999 10,000-24,999 25,000-49,999 50,000-99,999 100,000-249,999 250,000-499,999 500,000-999,999 1,000,000 & Over 7 365 days $50 $50 $150 $150 $300 $500 $1,500 $3,000 $5,000 Notes: All figures are quoted in USD currency unless otherwise stated. 3
International Wire Transfers (local equivalent): Branch Internet Branch Internet Branch Internet $1 to $9,999.99 $100.00 $55.00 $12.00 $6.60 $112.00 $61.60 $10,000.00 to $99,999.99 $120.00 $70.00 $14.40 $8.40 $134.40 $78.40 $100,000 and Over $180.00 $150.00 $21.60 $18.00 $201.60 $168.00 Local / Regional Transfers: To an account held at other local banks via RTGS (local currency transactions only) To an account held at one of our regional CHARGES FSST FINAL (pre -FSST) 12.0% CHARGES (inc.fsst) WIRE TRANSFERS branches $40.00 $30.00 $4.80 $3.60 $44.80 $33.60 Incoming Wire Transfers: To credit an account at one of our branches To credit an account held at other local banks Payable on presentation of Photo Identification Returned Wire Payments: Incoming and Outgoing $15.00 $20.00 $30.00 $30.00 $30.00 $15.00 $20.00 $30.00 $30.00 Tracers on Wire Transfers $35.00 $35.00 $35.00 Notes: 1. All figures are quoted in local currency unless otherwise stated. Schedule of Charges SUNDRY SERVICES 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 4
SUNDRY SERVICES Local drafts (Manager s cheques) USD Drafts: Up to $49999 $50,000 & Over Other Foreign Currency Drafts: Up to $49999 $50,000 & Over Tracers on Local drafts Tracer on Foreign drafts Stop Payment on Local drafts Stop Payment on Foreign drafts Duplicate / Replacement drafts CHARGES FSST FINAL (pre -FSST) 12.0% CHARGES (inc.fsst) DRAFTS &/OR INTERNATIONAL MONEY ORDERS $13.64 + stamp duty $13.64 + stamp duty $34.82 $98.21 $30.36 $90.52 $4.18 $39.00 $11.79 $110.00 $3.64 $34.00 $10.48 $101.00 $15.00 $15.00 $40.00 $40.00 $15.00 $15.00 $68.18-(includes foreign bank fees) $68.18-(includes foreign bank fees) Original draft fee Original draft fee 5
SUNDRY SERVICES INTERNET AND TELEPHONE BANKING FOREIGN CURRENCY EXCHANGE Monthly Access Fee Local currency for foreign currency 1%, Min $5.00 CLIENT ONBOARDING & ACCOUNT OPENING Up to $5,000 Foreign currency for local currency: Client Initiation Fee $500.00 Over $5,000 1% Secondary Account Opening Fee $100.00 ABM New issue / replacement of expired or stolen card No charge Replacement of lost card $10.00 **Mini-statement Print $0.45 ABM Deposits No charge ABM Withdrawals: At a FirstCaribbean ABM $1.00 At another bank s ABM Point of Sale purchases $1.00 **FREE ABM Withdrawals & Ministatements for the following account types:direct Banking, Bank@Work, Bank@School, Senior Savings, Senior Chequing 6
SUNDRY SERVICES STATEMENTS DORMANCY PROTECTION Initial Notice (when account goes dormant after 2 years of Mailed / Regular / diary filled statement inactivity) $50.00 Duplicate / Additional / Interim statement $5.00 Notice thereafter ( every year of inactivity) $50.00 Screen print / photocopy $3.00 Reactivation Held for collection E-statement: Set Up MAIL TRANSFERS Outgoing: Inland $4.00 + Draft Charges Monthly Subscription Fee (to be collected via standing order) Incoming $5.50 + Draft Charges Daily files USD $50.00 equiv per account Weekly Files USD $20.00 equiv per account USD $15.00 equiv HOLD MAIL Monthly Files per account Annual Fee $100.00 Transaction Fee 7
SUNDRY SERVICES SAFETY DEPOSIT BOXES STANDING ORDERS Annual Rental Fees: Set-up $5.00 Small (1.5 x 5) $50.00 Amendment $9.09 Medium (2.5 x 5) $60.00 Internal Orders : Large (2.5 x 10) $110.00 Loan Payments or Safety Deposit Box/Premier Ex-Large (5 x5) $110.00 Between other accounts Ex- Large (5 x 10) $175.00 External Standing Orders: $10.00 + draft Ex-Large (10 x 10) $220.00 Ex-Large (10 x 15) $275.00 fee $10.00 + draft/wire fee Annual fee less **Refund of Annual Rental Fee (box closed before year outstanding charges end) & taxes Other Fees: BILL PAYMENT Number of free visits per month 3 visits per month Via the ABM Additional visits per month $5.00 Via the Internet Forced entry / Drilling of Box $100.00 Listing of contents $50.00 To transfer funds LOCALLY To transfer funds OVERSEAS Via Standing Order (Diary Card) -bills sent to us for $25.00 each Estate opening of box $25.00 per hour ACCOUNT TRANSFERS Replacement / Lost key $25.00 By customer via our ABM, telephone or online Banking Notification of Safety Deposit arrears $2.00 By customer via another Bank ABM By us on written/faxed/telephoned instructions $5.00 payment 8
BILL PAYMENT CHEQUE RELATED Via the ABM Cheque books (all styles) Cost Via the Internet Stop payment on a local cheque (all reasons) $15.00 Via Standing Order (Diary Card) -bills sent to us for payment MISCELLANEOUS SERVICES Schedule of Charges SUNDRY SERVICES $25.00 each Audit Certificate $25.00 Local cheque $14.00 Certificate / Confirmation of balance $25.00 Foreign cheque $40.00 Certificate of interest Paid $25.00 Non-Sufficient Funds $40.00 Special Letter to central Bank $25.00 Cheque cashing - Non-Customers $10.00 Special Presentation Letter to Credit Bureau/Overseas Ba $25.00 Postdated cheques $3.00 Fax sent / received for a customer $10.00 Foreign Cheque Processing Fee $6.00 Signature verification $25.00 Insurance on Registered Mail Photocopying documents $3.00 per sheet SAFEKEEPING AND SECURITIES Coin Orders - same day request for coin 1% Min $10.00 Annual (Rental) Fees: Coin Handling (exchanging for Bills) 1% Min $5.00 Sealed envelopes $50.00 Cash handling, local and foreign currency- Over $10k 1% Min. $100.00 Sight cash items Interest rate + collection Stop payment on a foreign cheque (all reasons) Non-Clients Cheque Cashing Fee Charge backs (items returned to us by another bank): Sealed boxes / packages: Small Medium Large Locked boxes, trunks, etc. Stocks, Debentures, Share Certificates, Deeds, TBills Other Fees: Number of free visits per month Additional visits per month Clipping coupons Obsolete collateral $68.18 $5.00 $75.00 $75.00 $125.00 $250.00 $50.00 I per month $5.00 each 9
SUNDRY SERVICES RESEARCH ACCOUNT CLOSURE Where vouchers are held at local branch Within 90 days $100.00 Same Month (within 30 days of last statement): Within 180 days $50.00 1-5 Vouchers / Items Each additional Voucher / Item Up to 3 months 1-5 Vouchers / Items $6/item or $31/hr Each additional Voucher / Item $5/item or $30/hr Over 3 months and up to 7 Years: 1-5 Vouchers / Items $9/item or $34/hr Each additional Voucher / Item $5/item or $30/hr Notes: All figures are quoted in USD currency unless otherwise stated. 10
INTERNATIONAL CORPORATE DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY CANADIAN DOLLAR (CAD) POUND STERLING (GBP) CAD Business Current Accounts (Product Code 172) GBP Business Current Accounts (Product Code 78) Required Minimum account balance CAD $25,000.00 Required Minimum account balance 25,000.00 Monthly service fee CAD $58.00 Monthly service fee 33.00 Monthly Penalty fee CAD $25.00 Monthly Penalty fee (Where account balance falls below required minimum) (Where account balance falls below required minimum) 16.00 Withdrawals / Cheques per entry Withdrawals / Cheques per entry Deposits / Credits per entry Deposits / Credits per entry EURO DOLLARS (EUR) AUSTRALIAN DOLLAR (AUD) EUR Business Current Accounts (Product Code 79) AUD Business Current Accounts (Product Code 153) Required Minimum account balance 25,000.00 Required Minimum account balance AUD $25,000.00 Monthly service fee 41.00 Monthly service fee AUD $61.00 Monthly Penalty fee Monthly Penalty fee (Where account balance falls below required minimum) 19.00 (Where account balance falls below required minimum) AUD $24.00 Withdrawals / Cheques per entry Withdrawals / Cheques per entry Deposits / Credits per entry Deposits / Credits per entry Notes: All figures are quoted in USD currency unless otherwise stated. 11
BONDS, INDEMNITIES & GUARANTEES Schedule of Charges TRADE SERVICES Performance Bonds 2.00% p.a. Min $125.00 Term Max 1 year: For the first quarter 1.00% Min $90.00 Guarantee Bond without full cash collateral: Up to $50,000 2% Min $150.00 Each additional month 0.75% Over $50,000 1.00% Amendments, Extensions and Increases: LETTERS OF CREDIT: IMPORT (INWARD) CLEAN & DOCUMENTARY Guarantee Bond with full cash collateral: Amendments 1.00% Min $65.00 All amounts 2% Min $150.00 Extensions 0.25% per month Min. $65.00 Sealing Guarantees: Increases 1.00% of difference, Min $65.00 First 3 months $35.00 Revolving Credits 1.00% Thereafter $30.00 Stamp Duty $0.25 per $100. Max $250.00 12
TRADE SERVICES DOCUMENTARY COLLECTIONS (IMPORT & EXPORT) LETTERS OF CREDIT: EXPORT (INWARD) CLEAN & DOCUMENTARY Clean Collection: Acceptance by Signator Bank 0.5% - 1.5% Handling Charge Sight & Tenor : Advising Credits $95.00 Up to $25,000 $120.00 Confirming irrevocable credits 0.25% - 0.5% Min $25.00 $25,001 - $100,000 0.25% Min $120.00 Examination of documents $100,001 - $500,000 0.625% Min $250.00 Pre-advising of a credit $120.00 Over $500,000 0.625% Min $300.00 Negotiation Sight or Tenor drawings Documentary: Transferable and divisible credits 0.5% Min. $100.00 Interest charge Sight / Tenor Establishment Commission: Exchange charge sight / tenor First 3 months $95.00 Collection commission: Next 3 months $95.00 Up to $5,000 0.5% Min $10.00 Each additional month $95.00 $5,001 - $25,000 0.375% Min $35.00 Acceptance by Signator Bank $25,001 - $100,000 0.125% Min $93.75 Sight to 3 days Over $100,000 0.063% Min $125.00 Term Max 1 year Holding / Handling charge commission: Amendments, Extensions and Increases: Up to $10,000 1% Min $25.00 Amendments $95.00 Over $10,00 0.5% Min $100.00 Extensions $95.00 Sight Bills $20.00 per month or part Increases $95.00 Matured / Accepted Bills $30.00 per month or part Standby Credits: 0.5% Min $100.00 Delivery order charges 1% Min $25.00 First 3 months 1% Guarantees re missing bill of lading 0.75% Min $25.00 Each additional month 0.375% Shipping Guarantees: Transferable Credit: First 3 months or part thereof 0.125% Min $150.00 First 3 months 1% Each Additional month 0.125% Min $150.00 Each additional month 0.375% Payments to Agents $20.00 Negotiations $120.00 Return (of Documents) Charges $30.00 Refunds on prepaid credit Storage of Goods (customs bonds) 1.25%, Min $50.00 + expenses Examinations of documents Extending due date or altering Tenor of Bill $25.00 Branch or corresponding charges Bills paid in installments $50.00 + holding & return charges Interest on Drawings: Transit Overdraft rate Clean encashment credits 13
DOCUMENTARY COLLECTIONS (IMPORT & EXPORT) - cont'd Re-shipping of Goods $50.00 + expenses Endorsement of Shipping Documents as Attorney $10.00 Endorsement of Parcel Post Notice $10.00 Certificate of Transfer of Title to Goods $25.00 Statement of Past Due Bills Insurance of Goods $2.00 per $100.00 per month Protest Fee $175.00 + costs Airmail Charges Bills for Acceptance and Return Extension / Alteration / Amendments of Bill $25.00 Letters of undertaking Amendments: First amendment 1.25% Min $35.00 Each additional amendment $25.00 Charges for items sent overseas for collection $25.00 Tracers: First Tracer $35.00 Each additional tracer $25.00 Schedule of Charges TRADE SERVICES Notes: All figures are quoted in USD currency unless otherwise stated. 14
LENDING AND CARD SERVICES LENDING SERVICES See Loans Section on the Intranet LOANS & MORTGAGES CREDIT CARDS See Credit Card Section on the Intranet CREDIT CARDS VISA DEBIT CARDS Annual Fees No charge Fast Card Fees (Courier charges only) $45.00 ABM Balance Inquiry Fee: At a local FirstCaribbean ABM No charge At another bank s ABM $0.50 ABM Withdrawals: At a local FirstCaribbean ABM No charge At another local bank s ABM $3.00 At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $3.00 Point of Sale Purchases Replacement & Additional Cards - Classic $5.00 Replacement & Additional Cards - Platinum $10.00 Stamp Duty Declined Transactions: At a local FirstCaribbean ABM USD VISA DEBIT CARDS Free No charge No charge At another local bank s ABM $1.00 At International/Overseas bank s ABM (Including FirstCaribbean ABMs in another country) $1.00 Notes: All figures are quoted in USD currency unless otherwise stated. 15