PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 0 of 15
SAVINGS - PERSONAL LOCAL CURRENCY In-Branch Deposit/Lodgment 0.34% of the deposit amount for deposits $1,000,000 & over 16.50% 0.40% of the deposit amount for deposits $1,000,000 & over In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own FREE N/A FREE Accounts (In-Branch) Transfer to Third Party FREE N/A FREE Accounts (In-Branch) FREE FREE Dormant Account N/A Passbook Issuance & $472.10 16.50% $550.00 Replacement FOREIGN CURRENCY In-Branch Deposit/Lodgment 2.00% of deposit amount in excess of FC 500 units per day. 16.50% 2.33% of deposit amount in excess of FC 500 units per day. In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own Transfer to Third Party Dormant Account FREE N/A FREE Passbook Issuance & Replacement $472.10 16.50% $550.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 1 of 15
SAVINGS CORPORATE LOCAL CURRENCY 0.34% of the deposit amount for 0.40% of the deposit amount for In-branch Deposit/Lodgment deposits $1,000,000 & over 16.50% deposits $1,000,000 & over In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own Transfer to Third Party Dormant Account FREE N/A FREE FOREIGN CURRENCY 2.00% of deposit amount in excess of FC 500 units per day. 16.50% In-branch Deposit/Lodgment In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own Transfer to Third Party Dormant Account FREE N/A FREE 2.33% of deposit amount in excess of FC 500 units per day. PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 2 of 15
CHEQUING - PERSONAL In-Branch Deposit/Lodgment 0.34% of the deposit amount for deposits $1,000,000 & over 16.50% 0.40% of the deposit amount for deposits $1,000,000 & over In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own Transfer to Third Party Dormant Account FREE N/A FREE $34.33 per item. First 5 cheque transactions are free with a noninterest bearing account 16.50% Per Item Charge Cheque Book (Courier Delivered) Cheque Book (Branch Pick-up) $40 per item. First 5 cheque transactions are free with a noninterest bearing account $1716.74 First 25 cheques are FREE (4 books with 25 cheques each) 16.50% $2231.76First 25 cheques are FREE (4 books with 25 cheques each) 16.50% CHEQUING - CORPORATE 0.34% of the deposit amount for deposits $1,000,000 & over 16.50% In-Branch Deposit/Lodgment In-branch Withdrawal Transaction FREE N/A FREE Minimum Balance FREE N/A FREE Transfer Between Own Transfer to Third Party Dormant Account FREE N/A FREE $60.09 per item. First 5 cheque transactions are free with a noninterest bearing account 16.50% Per Item Charge Cheque Book (Courier Delivered) Cheque Book (Branch Pick-up) $2575.11 First 50 cheques are FREE (300 cheques) 16.50% $3090.13 First 50 cheques are FREE (300 cheques) 16.50% $2000.00 First 25 cheques are FREE (4 books with 25 cheques each) $2600.00 First 25 cheques are FREE (4 books with 25 cheques each) 0.40% of the deposit amount for deposits $1,000,000 & over $70 per item. First 5 cheque transactions are free with a noninterest bearing account $3000.00 First 50 cheques are FREE (300 cheques) $3600.00 First 50 cheques are FREE (300 cheques) PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 3 of 15
CHEQUE PROCESSING FREE FREE (Monthly Cover Charge on SMART (Monthly Cover Charge on SMART Service Charge Chequing Option - $128.76) 16.50% Chequing Option - $150.00) Interim/In-Branch Statement $429.18 per statement request 16.50% $500 per statement request Duplicate/Replacement Statement $128.76 per page 16.50% $150.00 per page Cheques Returned Insufficient Funds (Inward Clearings) $858.37 16.50% $1,000.00 Stop Payment/Cancellation Order $343.35 16.50% $400.00 Items Paid Against Uncleared Effects $253.22 per item 16.50% $295.00 per item OVERDRAFTS Unauthorized Overdrafts $1716.74 per item 16.50% $2000.00 per item Cheques Honoured over Overdraft Limit $1716.74 per item 16.50% $2000.00 per item Overdraft Interest 19.95% per annum 19.95% per annum 21.95% per annum 21.95% per annum Penalty Interest (Normal O/D Interest Rate + 2%) (Normal O/D Interest Rate + 2%) PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 4 of 15
LOANS & CREDIT LOAN PROCESSING Personal Unsecured Loans 1.80% - 2.00% of original loan amount (min $6866.95) 16.50% 2.10% - 2.33% of original loan amount (min $8,000.00) Auto Loans 2.50% of loan amount 16.50% 2.91% of original loan amount Corporate Loans 1.00% - 2.00% of loan amount 16.50% 1.17% -2.33% of original loan Credit Bureau Report Fee $1,700.00 16.50% $1,980.50 Term Share/Cash Secured Loans $386.27 per application 16.50% $450.00 per application CREDIT CARDS Annual Membership Visa Classic -$2,793.10 Visa Gold- $5,353.45 16.50% Visa Classic -$3,240.00 Visa Gold- $6,210.0 Annual Membership Supplementary Card Visa Classic & Visa Gold$1,476.40 16.50% Visa Classic & Visa Gold $1,720.00 Local Cash Advance (in local currency) $214.59 or 6.44% of cash advance amount (whichever is greater) 16.50% $250.00 or 7.5% of cash advance amount (whichever is greater) Overseas Cash Advance (in foreign currency) Late Payment Charge $4.29 USD or 6.44% of cash advance amount (whichever is greater) 16.50% $2,586.21 16.50% 5.00 USD or 7.5% of cash advance amount (whichever is greater) $3,000.00 Over limit Charge $2,586.21 16.50% $3,000.00 Replacement of Visa Classic - $1,545.06& Visa Gold Visa Classic - $1,800.00 & Visa Gold Lost/Stolen/Damaged Card - FREE 16.50% - FREE Returned/Dishonoured Cheques $1,600.86 16.50% $1,865.00 Retrieval of Documents/Receipts $858.37 16.50% $1,000.00 Manual Statements $686.70 16.50% $800.00. 5.00% of spend plus fees and Minimum Payment N/A N/A financing interest Debt Collection Management 8.58% of outstanding amount 16.50% 10% of outstanding amount PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 5 of 15
MISCELLANEOUS CHARGES Foreign Cheque Negotiated/Deposited to an Account $42.92 16.50% $50.00 Foreign Drafts Sold $429.18 16.50% $500.00 Returned Cheque (Local account) $858.37 16.50% $1,000.00 Returned Cheque (Foreign currency account) 17.17 units of FC per item (plus all foreign bank charges) 16.50% 20 units of FC per item (plus all foreign bank charges) MANAGER S CHEQUES Bank Customer $257.51 16.50% $300.00 CHEQUE ENCASHMENT FEE Own Bank FREE N/A FREE $215.52(For members known to $250.00 (For members known to the Other Banks' Cheque thebranch) 16.50% Branch) BILL PAYMENT SERVICES In-Branch $171.67 16.50% $200.00 Internet FREE N/A FREE OTHER SERVICES Voucher Search $429.18 for vouchers within 30 days, thereafter $2,145.92 16.50% $500.00 for vouchers within 30 days, thereafter $2,500.00 Certification of Account Bal./Reference Letter $815.45 16.50% $950.00 Standing Order Set Up Fee - $300.43 Transaction Fee (Failure) - $429.18 16.50% Audit Confirmation $2,145.92 16.50% $2,500.00 Withholding Tax Certificate (Print) $257.17 16.50% $300.00 Telephone Calls FREE N/A FREE Set Up Fee - $350.00 Transaction Fee (Failure) - $500.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 6 of 15
Lodgment Books $515.02 16.50% $600.00 Withdrawal by cheques for amounts JMD$ 1 Million and Over (BOJ Charge) $5,000.00 16.50% $5,825.00 Cash deposit equal to & over JMD$1,000,000 (Guardsman charge -$1.10 per $1000.00) 0.34% of the deposit amount 16.50% 0.40% of the deposit amount Change to payee on cheque subsequent to issue $386.27 16.50% $450.00 Photocopy of Title $429.18 16.50% $500.00 Photocopy of other documents $128.76 per page 16.50% $150.00 per page All savings accounts closed within six (6) months $858.37 16.50% $1,000.00 Stop Payment/Cancellation Order $343.35 16.50% $400.00 Hypothecation of funds on savings account $2,145.92 16.50% $2,500.00 Term Share Loan Closed before maturity $1,716.74 16.50% $2,000.00 Balance enquiry/screen print FREE N/A FREE Transfer to Other Banks (In- Branch) RTGS - $201.72, ACH - $15.45 16.50% RTGS - $235, ACH - $18 Transfer to Other Banks (Online) RTGS - $201.72, ACH - $15.45 16.50% RTGS - $235, ACH - $18 Transfer to Other Banks (Return Fee) FREE N/A FREE US$ 25.75, Stop Payment Charge J$1287.55 Photocopy J$858.37 16.50% Fee US$ 30, Stop Payment Charge J$ 1,500, Photocopy J$1,000.00 Remote cheques International Wire Transfer (Outbound) $3,047.21 16.5% $3,550.00 International Wire Transfer (Inbound) USD $25.75, CAD $25.75, GBP 17.17 16.50% USD $30, CAD $30, GBP20 Special Letter (Foreign) $815.45 16.50% $950.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 7 of 15
E-BANKING Automated Banking Machine (ABM) Replacement Debit Card $515.02 16.50% $600.00 JN ABM MACHINES Withdrawal FREE N/A FREE Deposit FREE N/A FREE Enquiry FREE N/A FREE Transfer N/A N/A N/A OTHER/MULTILINK MACHINES Withdrawal $51.50 16.50% $60.00 Deposit N/A N/A N/A Enquiry $25.75 16.50% $30.00 Transfer N/A N/A N/A Declined $25.75 N/A $30.00 Point of Sale Transactions $6.00 16.50% $7.00 INTERNET BANKING PERSONAL ITEM FEE GCT TOTAL FEE Enquiry FREE N/A FREE Funds Transfer FREE N/A FREE PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 8 of 15
CORPORATE ITEM FEE GCT TOTAL FEE Enquiry FREE N/A FREE Funds Transfer FREE N/A FREE MORTGAGE RELATED CHARGES Inspection for Construction Loan Flat fee chargeable for inspections done on securities in Kingston & St. Catherine (e.g. Portmore& Sp. Town areas) $4,858.37 16.50% $5,660.00 Noting of second charge on insurance policy $472.10 16.50% $550.00 Request for transfer / subdivision of title $2,575.11 16.50% $3,000.00 Statement to Close First & Subsequent Requests within Six (6) Months 1 st Request FREE N/A FREE 2 nd Request FREE N/A FREE 3 rd Request & subsequent requests $515.02 16.50% $600.00 2 nd Request for annual statement $317.60 16.50% $370.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 9 of 15
MORTGAGE OPERATIONS Application Fees Residential Purchases, Home Improvement & Construction 0.5 % with a maximum of $100,000 16.50% 0.5825 % with a maximum of $100,000 All other loans 1.01% 16.50% 1.18% Debenture FREE N/A FREE Commercial & Development Financing 2.02% 16.50% 2.35% Processing Fee $4,094.42 16.50% $4,770.00 Registration $11,600.86 16.50% $13,515.00 Stamp Duty $5,579.40 16.50% $6,500.00 Processing Fee for Reverse mortgages $11,600.86 16.50% $13,515.00 Pre-Approved letter FREE N/A FREE Arrears Letters Reminder FREE N/A FREE Demand Letter $434.34 16.50% $506.00 Final Notice $1030.05 16.50% $1,200.00 Statutory Notice $12,875.50 16.50% $15,000.00 To transfer funds pre-paid. $858.37 16.50% $1,000.00 To transfer funds from one account to another due to customer error. $429.18 16.50% $500.00 To re-allocate funds from principal due to monthly $858.37 16.50% $1,000.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 10 of 15
payment. To re-allocate funds from monthly payment to principal due to customer error. $429.18 16.50% $500.00 Change in previous requests (reduction in loan term instead of reduction in monthly payment as a result of partial redemption payment). $236.91 16.50% $276.00 Change of Monthly Payment Due Date 1 st Request FREE N/A FREE 2 nd and subsequent requests $912.45 16.50% $1,063.00 Handling charges(to have documents stamped and registered) $1,210.30 16.50% $1,410.00 Release assignment + stamp duty / registration $2,017.17 16.50% $2,350.00 Transmission of titles to third parties $4,538.63 (or as per attorney s fee structure) 16.50% $5,287.50 (or as per attorney s fee structure) SEARCH & PHOTOCOPY OF TITLE via elandjamaica.com (including the Bank s service charge of $150) $857.30 16.50% $998.75 Photocopy of documents $30.26 16.50% $35.25 REVERSAL / CANCELLATION OF MORTGAGE SUBSIDY (e.g. Staff mortgage scheme arrangements) $604.29 16.50% $704.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 11 of 15
Cancellation of peril insurance coverage administration $296.14 16.50% $345.00 Confirmation for Renewal of Insurance for Other Financial Institutions JN Bank s cost $171.67 16.50% $200.00 JNGI s cost $500.00 16.50% $582.50 Partial Redemption Payments Frequency of partial redemption payments:(maximum of two (2) partial redemption payments allowed per year) Adjustment to Account (per year): Minimum of $42,918.45 in multiples /increments of $8,583.69 thereafter 16.50% Minimum of $50,000 in multiples /increments of $10,000.00 thereafter. a) One (1) to either loan term or monthly payment; OR b) Two (2) adjustments to loan term only. Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. N/A Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. Minimum amount allowed for Partial Redemption payment:- Penalty charge where the loan is up to one (1) year from disbursement. Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. Legal Related Charges Preparation of discharge of mortgage $8,583.69 16.50% $10,000.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 12 of 15
Preparation of memorandum of complete satisfaction $2,755.36 16.50% $3,120.00 Preparation of assignment of insurance policy $4,538.63 16.50% $5,287.50 Notation of marriage on titles $12,103.00 16.50% $14,100.00 Notation of death on title $12,875.54 16.50% $15,000.00 Notation of change in tenancy on titles $10,085.84 16.50% $11,750.00 Preparation of guarantee $7,049.79 16.50% $8,213.25 Preparation of mortgage 0.5% of loan amount (minimum - $10,000.00) 16.50% Preparation of Mortgage 0.5825% of loan amount (minimum - $11,650.00) Service Charge for processing: Additional Loans for external members 0.5% of the loan amount with a maximum of $100,000.00 N/A 0.5825% of the loan amount with a maximum of $100,000.00 Preparation of Supplemental Agreement Re Partial Redemption Payment $1,716.74 16.50% $2,000.00 Preparation and registration of transfers subject to mortgage 0.86 % of the sale price or the value of the property being transferred with a minimum fee of $10,000.00 plus G.C.T 16.50% Mortgage Indemnity Insurance 1 % of the sale price or the value of the property being transferred with a minimum fee of $11,6500.00 Residential - loan over 66 2/3 of lower of purchase price or valuation: Commercial is applicable on amounts in excess of 50% of the purchase price N/A 8% N/A 8% PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 13 of 15
of property value, whichever is lower. Fee for handling correspondence in respect of mortgages being refinanced by other institutions $17,167.38 16.50% $20,000.00 Fees quoted are subject to change. Saturday Banking Fee $250.00 (inclusive of GCT)is applicable for all transactions conducted at the Money Shops on a Saturday except for Remittances. PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 14 of 15