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 $85.84 ( Not applicable to senior citizens over 60) 16.50% $100.00 (Not applicable to senior citizen s over 60) Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party FREE FREE Dormant Account Passbook Issuance & Replacement $858.37 16.50% $1,000.00 FOREIGN CURRENCY 1.03% of deposit amount in excess of FC 500 if cash held in account for more than 30 days & an additional 1.55% if withdrawn before 30 days 1.2% of deposit amount in excess of FC 500 if cash held in account for more than 30 days & an additional 1.8% if withdrawn before 30 days In-Branch Deposit/Lodgment 16.50% In-branch Withdrawal Transaction FREE FREE Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party Dormant Account FREE FREE Passbook Issuance & Replacement $858.37 16.50% $1,000.00 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 $85.84 16.50% $100.00 Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party Dormant Account FREE 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 FREE Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party Dormant Account FREE FREE 2.33% of deposit amount in excess of FC 500 units per day. PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 2 of 15
CHEQUING PERSONAL $300.43 per month on interest $350.00 per month on interest Service Charge 16.50% bearing accounts bearing accounts 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 FREE Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party Dormant Account FREE FREE $42.92 per item. First 5 cheque transactions are free with a noninterest bearing account 16.50% $50 per item. First 5 cheque transactions are free with a noninterest bearing account Per Item Charge Cheque Book $1716.74 First 25 cheques are FREE $2000.00 First 25 cheques are FREE (Courier Delivered) (4 books with 25 cheques each) 16.50% (4 books with 25 cheques each) Cheque Book $2231.76First 25 cheques are FREE $2600.00 First 25 cheques are FREE (Branch Pick-up) (4 books with 25 cheques each) 16.50% (4 books with 25 cheques each) CHEQUING CORPORATE $429.18 per month on interest $500.00 per month on interest 16.50% Service Charge bearing accounts bearing accounts 0.34% of the deposit amount for deposits $1,000,000 & over 16.50% In-Branch Deposit/Lodgment In-branch Withdrawal Transaction FREE FREE Minimum Balance FREE FREE Transfer Between Own Transfer to Third Party 0.40% of the deposit amount for deposits $1,000,000 & over Dormant Account FREE FREE Per Item Charge $68.67 per item. First 5 cheque transactions are free with a noninterest bearing account 16.50% $80 per item. First 5 cheque transactions are free with a noninterest bearing account PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 3 of 15
Cheque Book $2575.11 First 50 cheques are FREE $3000.00 First 50 cheques are FREE (Courier Delivered) (300 cheques) 16.50% (300 cheques) Cheque Book $3090.13 First 50 cheques are FREE $3600.00 First 50 cheques are FREE (Branch Pick-up) (300 cheques) 16.50% (300 cheques) CHEQUE PROCESSING 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 $386.27 per request 16.50% $450.00 per request 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 Financing Option - 3.00% Out of Pocket Option - 2.50% 16.50% Financing Option - 3.50% Out of Pocket Option - 2.91% Auto Loans 3.00% of loan amount 16.50% 3.50% of 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 1.00% of loan amount 16.50% 1.165% of loan amount 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 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 0.86 units of FC per item 16.50% 1 unit of FC per item Foreign Drafts Sold $643.78 16.50% $750.00 Returned Cheque (Local account) $1,072.96 16.50% $1,250.00 Returned Cheque (Foreign currency account) 4.29 units of FC per item (plus all foreign bank charges) 16.50% 5 units of FC per item (plus all foreign bank charges) MANAGER S CHEQUES Bank Customer $317.60 16.50% $370.00 CHEQUE ENCASHMENT FEE Members FREE Members FREE Own Bank Non Members - $257.51 16.50% Non Members - $300.00 Other Banks' Cheque $215.52(For members known to the $250.00 (For members known to the Branch) 16.50% Branch) BILL PAYMENT SERVICES In-Branch $171.67 16.50% $200.00 Internet FREE FREE OTHER SERVICES Saturday Banking $214.59 per transaction(except for Remittances) 16.50% $250.00 per transaction (except for Remittances Voucher Search $1,287.55 for vouchers within 30 days, $2,575.11 thereafter 16.50% $1,500.00 for vouchers within 30 days, thereafter $3,000.00 Certification of Account Bal./Reference Letter $1,416.31 16.50% $1,650.00 Standing Order Set Up Fee - $300.43 Transaction Fee (Failure) - $429.18 16.50% Audit Confirmation $2,446.35 16.50% $2,850.00 Set Up Fee - $350.00 Transaction Fee (Failure) - $500.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 6 of 15
Withholding Tax Certificate (Print) $429.18 16.50% $500.00 Telephone Calls FREE FREE 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 Coin Deposit/Exchange FREE up to $5,000.00. $214.59 for amounts up to $10,000.00, $429.18 for amounts up to $20,000.00 & $643.78 for amounts greater than $20,000. 16.50% Free up to $5,000.00 $250.00 for amounts up to $10,000.00 $500.00 for amounts up to $20,000.00 & $750.00 for amounts greater than $20,000.00 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 $858.37 16.50% $1,000.00 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 $386.27 per request 16.50% $450.00 per request 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 $214.59 per page 16.50% $250.00 per page 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 - $18 Transfer to Other Banks (Return Fee) FREE FREE US$ 25.75, Stop Payment Charge J$1287.55 Photocopy J$858.37 16.50% Remote cheques International Wire Transfer (Outbound) $3,047.21 16.5% $3,550.00 Fee US$ 30, Stop Payment Charge J$ 1,500, Photocopy J$1,000.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 7 of 15
International Wire Transfer (Inbound) USD $25.75, CAD $25.75, GBP 17.17 16.50% USD $30, CAD $30, GBP20 Special Letter (Foreign) $1,416.31 16.50% $1,650.00 E-BANKING Automated Banking Machine (ABM) Replacement Debit Card $600.86 16.50% $700.00 JN ABM MACHINES Withdrawal FREE FREE Deposit FREE FREE Enquiry FREE FREE Transfer OTHER/MULTILINK MACHINES Withdrawal $51.50 16.50% $60.00 Deposit Enquiry $25.75 16.50% $30.00 Transfer Declined $25.75 16.50% $30.00 Point of Sale Transactions Purchase - $10.30 16.50% Purchase - $12.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 8 of 15
INTERNET BANKING PERSONAL ITEM FEE GCT TOTAL FEE Enquiry FREE FREE Funds Transfer FREE FREE CORPORATE ITEM FEE GCT TOTAL FEE Enquiry FREE FREE Funds Transfer FREE 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 FREE PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 9 of 15
2 nd Request FREE FREE 3 rd Request & subsequent requests $515.02 16.50% $600.00 2 nd Request for annual statement $317.60 16.50% $370.00 MORTGAGE OPERATIONS Application Fees Residential Purchases, Home Improvement & Construction 0.5 % of loan amount 16.50% 0.5825 % of loan amount All other loans 1.01% 16.50% 1.18% Debenture FREE 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 FREE Arrears Letters Reminder FREE FREE Demand Letter $434.34 16.50% $506.00 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 10 of 15
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 payment. $858.37 16.50% $1,000.00 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 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) PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 11 of 15
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 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. Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 12 of 15
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. Legal Related Charges Preparation of discharge of mortgage $8,583.69 16.50% $10,000.00 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 Six (6) full month s interest penalty to be charged on the principal balance prior to the partial redemption payment. 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 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 PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 13 of 15
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 of property value, whichever is lower. Fee for handling correspondence in respect of mortgages being refinanced by other institutions 8% 8% $17,167.38 16.50% $20,000.00 Fees quoted are subject to change. PRODUCTIVITY & ORGANIZATIONAL EFFICIENCY Page 14 of 15