A LOCAL CURRENCY RELATED CHARGES 1. Local Cheque Withdrawal $350.00 US$3.00 CAN$4.00 2.00 Per cheque. 50% Discount to Premier Club Members/Senior Citizens. 2. Special Delivery Instructions $1,400.00 US$11.00 CAN$15.00 10.00 Bearer services per location. 3. Local Cheque Withdrawal valued at $1 Million & Over J$5,825.00 + cheque fee Per Cheque. Penalty imposed by BOJ. 4. Local Returned Cheque $2,450.00 US$20.00 CAN$26.00 15.00 5. Stop Payment Order $950.00 Inclusive of the other bank s charges. Insufficient funds, refer to drawer, technical reasons Per Cheque. Fee includes respective charges from other local banks 6. Local Transfer (RTGS) to Third Party Account at other Banks (done in-branch) - Outgoing - Incoming $300.00 $100.00 Per Transaction. Applicable to all parties. Per Transaction. Applicable to all parties 7. Local Transfer (RTGS) to Third Party Acct. at other Banks (via VM Express Online) - Outgoing $150.00 Per Transaction. 8. In-Branch Local Cash Withdrawal - Up to $30,000 - Over $30,000 $200.00 $100.00 Per transaction. 50% Discount for Premier Club All ABM withdrawals are. 9. Local Currency Cash Deposits of $500,000 & over Subject to 0.375% handling charge Applicable on excess amount. B FOREIGN CURRENCY RELATED CHARGES 1. In-Branch Foreign Currency Cash Withdrawal 2. Foreign Currency Cheque Handling Charge $100.00 US$1.00 CAN$2.00 1.00 Per Cheque. Fee applicable to Currency Conversion. 3. Foreign Returned Cheque US$63.00 CAN$52.00 47.00 Per Cheque. 4. Stop Payment Order US$26.00 CAN$36.00 19.00 Per Cheque. Plus external (foreign) bank charges. 5. Foreign Currency Cheque Withdrawal 6. Foreign Currency Draft (Sale of Foreign Currency) 7. Foreign Currency Cash Lodgement in excess of: - US$300 CAN$300 8. Foreign Currency Cash Lodgement in GBP ( ) 9. International Wire Transfer Fees: - Incoming - Outgoing (In-Branch) - Outgoing (VM Express Online) $550.00 US$5.00 CAN$6.00 4.00 $550.00 US$5.00 CAN$6.00 4.00 Cash Lodgement in excess of 300 units subject to 2.25% handling charge US$25.00 CAN$35.00 18.00 US$41.00 CAN$56.00 30.00 US$25.00 CAN$30.00 13.00 Per cheque. 50% Discount to Premier Club Members/Senior Citizens. Per draft. 50% discount to Premier Club 2.25% of total excess amount per account, per week. Fee is a recoverable cost levied on the Society. 10. Incoming Electronic Funds Transfer 1.00 5,000.00 & Over 0.50-20.00 Or the JMD equivalent. Fee applicable for incoming transfers to Member s account(s) re Standing Orders & Pension Payments (UK). 1 1
C ACCOUNT RELATED CHARGES 1. Letters to Third Parties (same day processing) - Embassies & High Commissions, Confirmation of Balances, Reference Letters - Withholding Tax Certificate to Tax Administration Jamaica Fee applicable per recipient. 50% Discount to Premier Club - Auditor s Confirmation $2,500.00 US$20.00 CAN$28.00 15.00 Per Confirmation (i.e. per account) 2. Standing Order (within VMBS) - Set-up/Amendment Fee Transaction Fee Failure Charge 3. Transfer of Funds between Own Accounts - via ATM VM Express Online - In-branch $200.00 US$2.00 CAN$3.00 2.00 Per request. 4. Transfer to Third Party VMBS Accounts (same currency) - via VM Express Online - In-branch $200.00 US$2.00 CAN$3.00 2.00 Per request. 5. Balance Enquiry In-branch (or via telephone request) 6. Minimum Balance Violation Fee 7. Early Closure of Accounts (under 6 months) Local and Foreign Accts $1,000.00 US$9.00 CAN$12.00 6.00 Fee relates to accounts closed within the first six (6) months of opening. 8. Letters of Undertaking $6,100.00 US$50.00 CAN$69.00 35.00 Fee applicable when special requests are made for Letters of Undertaking on Savings Account(s). 9. Dormancy Fees Local and Foreign Currency Accounts 10. Issuance of Passbook New Passbook Accounts $700.00 US$6.00 CAN$8.00 4.00 Per book. Exception: Waived for Save2Grow Accounts. Replacement due to lost, stolen or completed $700.00 US$6.00 CAN$8.00 4.00 11. Statement Fees (Savings & Time Accounts) Instant Statements on Savings & Time Accounts generated from online database. 12. No Passbook Transaction Charge $400.00 US$4.00 CAN$5.00 3.00 13. No Certificate Withdrawal Charge $400.00 US$4.00 CAN$5.00 3.00 For passbook accounts. 50% Discount applicable to Premier Club 50% Discount applicable to Premier Club 14. Lost Certificate $450.00 US$4.00 CAN$5.00 3.00 15. Photocopy of Documents $200.00 US$2.00 CAN$3.00 2.00 16. Voucher Search $1,000.00 $4,500.00 Per Page. 50% Discount applicable to Premier Club Members Or the FX Equivalent. Per item. 2
D CARD RELATED CHARGES 1. Lost Premier Club Card $450.00 US$4.00 CAN$5.00 3.00 Per Card. 2. Lost/Stolen/Damaged ABM Card $600.00 US$5.00 CAN$6.50 4.00 Per Card. Exceptions: (i) 50% Discount applicable to Premier Club (ii) If replacement is due to forgotten PIN by Members then a 50% Discount is applied (old card must be presented). 3. Automated Banking Machine (ABM) Charges (VM Machines) 4. ABM MultiLink Charges (Using Other Bank s Machines) for all Members using VMBS ABMs (proprietary ABMs). Non-proprietary ABM Fees (Using Other Bank s ABMs). 5. ABM Point of Sale Charges 6. ABM Transaction Photo Requested $1,500.00 - $5,000.00 Non-proprietary ABM Fees (Using Other Bank s Services via the MultiLink Network) For Members wishing to investigate ABM transactions (using MultiLink) E DEPOSITORY RELATED CHARGES 1. Safe Deposit Box Rental (annual) $5,000.00 US$42.00 CAN$56.00 31.00 Annual Rental Charge per box Key Replacement (minimum charge) Contact Branch Manager Late Fees (per month) $400.00 US$4.00 CAN$5.00 3.00 Fee is dependent on cost to replace lock (by locksmith) if key is lost or stolen. For each month the Safe Deposit Box Rental Charge is outstanding. F PAYROLL SERVICES (BUSINESS) 1. Deposit to Employees Accounts Payroll processing services. G SHARE LOAN PROCESSING 1. Penalty Share Loans closed before Maturity 2. Share Loan Processing Fee $500.00 US$5.00 CAN$6.00 3.00 for Premier Club H VICTORIA MUTUAL EXPRESS ONLINE 1. Internet Banking Accounts Enquiry: Transfer between own Accounts of same Currency (within VMBS); Standing Order (within VMBS) 2. Utility Bill Payment Services (Online) 3
MORTGAGE SERVICE CHARGES 2017 2018 I MORTGAGE LETTERS TO THIRD PARTIES 1. Mortgage Status Letters to Members and Third Parties 2. Credit Letters Plus fee for copy of title when required. 50% Discount to Premier Club Credit Reference Letter $2,000.00 US$18.00 CAN$24.00 13.00 Credit Bureau Report $1,250.00 US$10.00 CAN$14.00 8.00 Fee for providing credit reference for Fee for obtaining credit report through Credit Bureau. J MORTGAGE RELATED PHOTOCOPY FEES 1. Photocopy of Mortgage Deed $3,000.00 US$25.00 CAN$35.00 19.00 Fee per Mortgage Deed. 2. Photocopy of Title Fee per Title. 3. Photocopy of Sale Agreement $1,500.00 US$12.00 CAN$16.00 9.00 Fee per sale agreement. K MORTGAGE RELATED FEES 1. Mortgage Application Processing Fees: - Residential - Home Equity - Commercial - Construction 2. Early Closure of Mortgage / Lump-sum Principal Payment 0.58% of Loan Amount 0.58% of Loan Amount 2.0% of the Loan Amount 1.46% of the Loan Amount 90 days interest in lieu of notice Fee non-refundable except when the loan has not been approved 90 days notice is required for early closure/payment to principal for amounts over $500,000. If required notice is not provided, 90 days interest payment is levied. 3. Discharge of Mortgage Fee (in-house): J$0 J$1 Million $1.01 Million - $15 Million $15.01 Million - $25 Million Over $ 25 Million FX equivalent of J$0 J$1 Million FX equivalent of $1.01 Million - $15 Million FX equivalent of $15.01 Million - $25 Million FX equivalent of Over $ 25 Million $12,000.00 $20,000.00 $28,000.00 Contact the Branch Manager US$98.00 CAN$134.00 72.00 US$165.00 CAN$229.00 121.00 US$230.00 CAN$315.00 170.00 Contact the Branch Manager All fees applicable to effect discharge of mortgage internally are included. All fees applicable to effect discharge of mortgage internally are included. 4. Inspection Fees for Construction Loan: $3,000.00 US$25.00 CAN$35.00 19.00 Per inspection where applicable. 5. Loan of Title Fee: $5,100.00 US$42.00 CAN$58.00 31.00 When an institution requests to borrow the title of a property for a Member 6. Safe-keeping of Unclaimed Titles (per annum) $2,000.00 US$18.00 CAN$24.00 13.00 Storage of title deeds after repayment of a mortgage. 7. Transfer Subject to Mortgage $10,500.00 US$82.00 CAN$112.00 64.00 Where a mortgage is registered and there is a request for change of ownership. 4
MORTGAGE SERVICE CHARGES 2017 2018 L STATEMENT FEES 1. Mortgage Statement (Detailed) - First statement (current year) - Subsequent Requests and Prior Years for Premier Club Members 2. Statement to Close - First and subsequent requests within 6 months M MISCELLANEOUS 1. Requests for Sub-division of Title - Local $5,250.00 US$42.00 CAN$56.00 31.00 5