BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
Monthly charge to maintain account
Withdraw Cash in Branch
SAVINGS
$3.00
$0.00 Withdrawal at ATM
Transfers received from overseas banks (all Currencies)
Transfer between accounts (customer's request)
$50.00
$15.00 Certification of balance
Bank Statement (for embassy)
Account closed within 3 months
Account closed within 6 months
Statement of Account (Print-out)
$35.00
$40.00
$25.00
$15.00
$10.00 first page additional $5.00 each
Search for vouchers / statements Under 1 year $40 | 1 year $50.00 | 2 years $60.00 | 3 years $100.00 | over 4 years $125.00
Third party withdrawal $15.00
Over counter withdrawals where customer don’t have their card
Dormant Account publication
Dormant Account annual notice
$5.00
$20.00
$15.00 Initially and $10.00 Bi-annually Certificate of interest earned $30.00
Items deposited subsequently charged back (XCD) $25.00
FIXED DEPOSITS (CD)
Penalty for breaking deposit prior to maturity
Deposit $0.00
CHEQUING ACCOUNTS
Cheque book Current Account Full cost of Cheque Books from supplier plus $.20 Stamp Duty per Cheque
Personalized cheque books Full cost of Cheque Books from supplier plus $2. per Cheque for Ledger Fees and $.20 Stamp Duty per Cheque
Ledger fees Current Account $2.00 per cheque
N.S.F. If cheque not being returned $40.00
N.S.F. returned cheque $75.00
payment instruction
Cheque (Manager's Discretion)
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
Search for vouchers /statements
Copies of documents
Bank Confirmation
Interest Certificate
Transfer between accounts (customer's request)
Transfer between accounts to cover cheque
Item creating O/D or exceeding limit
Account closed within 3 months
Dormant Account publication
Dormant Account notice
Telephone inquiry of account information on a regular basis
Items deposited subsequently charged back (Foreign cheque)
Authorized excess to O/D limit (honoured items)
Breakdowns over $40,000 (through Night Depository)
Chequing account statements held at customer's request
Under 1 year $30, Over 1 year min $40.00
$5.00 per sheet
$50.00
$30.00
$15.00
$20.00
$40.00
$20.00
$20.00
$15.00 Initially and $10.00 Bi-annually
$10.00
Selling rate of currency of item applied + $15
**$35.00**
$20.00 per breakdown over $40K ECCB rate
$10.00 monthly
CUSTOMER FOREIGN CURRENCY ACCOUNTS
Monthly maintenance Foreign Accounts fee
Cost of overseas telephone calls, electronic messages sent and received on behalf of customer opening account
Where the balance falls below the required minimum during a calendar month
Withdrawal from USD account to ECD Cash
Transfer from USD account to ECD Account
Transfer from CFC account to CFC account
Withdrawals in Foreign Currencies and overseas transfers
Swift payment instructions, queries, information in respect of transfers
Penalty for breaking USD fixed deposit prior to maturity
Search for vouchers / statements
$0.00
$7.00
$10 of the Currency on the account
US$5.00 at $2.68820
US$5.00 at $2.68820
$5 in Currency
Up to $15,000 is $10 (any currency)
Over $15,000 to $100,000 is 1/8 of 1% (0.00125), Over $100,000 us $125.00 + 1/16 of 1% (0.000625) /$100,000
$25.00 of the Currency on the account per message
US $100.00
Up to 1-year Foreign Currency on account $10.00 | Over 1 year min foreign currency on account $20.00
LOANS & ADVANCES
Letter – authorizing deduction from assigned salary
Notification charges on all loans
Statement of interest paid
Certificate of interest paid for income tax purposes
Late fee
Service charge on Consumer and other loans
Service charge on Mortgage loans (residential and commercial) and Commercial Loans
Late submission of Financial Statements
$25.00
$5.00
$30.00
$40.00
Beyond one week $65.00
Up to $25,000 $175
Over $25,000.00 up to $50,000.00 - $ 350
Over $50,000.00 up to $150,000.00 - .85%
Over $150,000.00 up to $250,000.00 - 1.00% Maximum $1,500
Under $50,000 $250.00
Over $50,000.00 but under $250,000.00 - .75%
Over $250,000 1/2 of 1%
$100 per month
Student Loans 8.50%
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
CREDIT CARDS
Annual membership fee XCD
Annual membership fee USD
Standing order
Additional card XCD
Additional card USD
ECD Classic $100.00 / Gold $150.00, Corporate US $150.00 Corporate $400.00. / USD account: Classic $40.00 / US Gold $60.00, Corporate US $150.00
$15
ECD Classic $50.00 / Gold $75.00, Corporate $165.00. / USD account: Classic $20.00 / US Gold $30.00, Corporate US $65.00
Over limit charge $60
US$27.00 at $2.68820
Cash advance Greater of EC $10 or 2% / Greater of US $10.00 or 2%
Late payment EC $40.00 / US $17.
Copy of statement
Account history
EC$15.00 US $15.00
EC$25.00 US $25.00 Plus cost Fax
Returned cheque $35.00
Replace lost/stolen/damaged card
EC$30.00 US $15.00
NSF account charge $40.00
Change of account from one currency to another (US/EC) US to EC $25.00 EC to US $10.00
Increase Credit Card Limit $75.00
Immediate Card Payment access Fee $20.00
Swipe on the GO/ Wireless $50.00
Other POS Terminals Rental Fees monthly $25.00
Emergency Card (Debit, Credit) Fee +4Cs and other courier cost $25.00
ACH SERVICES
Salaries
$0.60 ACH Per File Change
Manual Processing of Salaries
$20 Plus $5.00 per salary
Electronic File Transfer (EFT) local transaction $1.00
Direct debit / 3rd Party Transfer Service Not available
Electronic File Transfer (EFT) Other Countries within Currency Union Transaction $1.00
FOREIGN EXCHANGE
Sale of drafts
Purchase of drafts & cheques
Stop payment of lost/stolen drafts (customer's request)
Replacement of drafts
Tracing drafts, etc.
Returned foreign cheque
Telegraphic/ wire transfers outgoing In Branch
$50 plus stamp
$15 plus stamp
$20.00
$50.00 plus Stamp
$50.00 plus the cost of telex etc.
$15.00 plus Foreign Bank Charges
$85.00
Telegraphic transfers incoming $50.00
Tracing Wire transfer (Queries, recall, Returned funds & Amendments)
Exchange of foreign cheque or draft for same currency
Payment for foreign currency purchases with a different foreign currency
Payment for foreign currency purchases with cheques or drafts in same currency
$90.00
Rate applicable to be no less than par plus $10 charge
To be treated as separate purchase and sale
To be treated as separate purchase and sale
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
Payment for foreign currency purchases with cash in same currency
Interbank Settlement
Change foreign currency (cash)
To be treated as separate purchase and sale
$15 up to $15,000, $20.00 over $15,000
$2.00 per transaction
BILLS OF COLLECTIONS
collection bills for acceptance and return
Holding Commission Sight Bills
Holding Commission Matured Bills
Delivery Orders
Guarantee re missing bill of lading or airway bill
Payment to agent
Return bills
Storage of goods
Extending due date or altering tenor of bill
Bills paid in installments
Reshipment of goods
Endorsement of shipping documents as attorney
Certificate of transfer of title of goods
Insurance of goods
Airmail charges
Protest fees
Cheques received on collection
Collection bills for acceptance and return
Up to $50,000 1% min $100
Over $50,000 3/4% on the excess
$45.00 per month
$45.00 per month 15 days after arrival of goods
$30.00 each
$75.00 flat fee for the first 3 months or part thereof, $100.00 per month thereafter
$35.00 each
$75.00 plus $45.00 holding charge
$65.00 per month plus out of pocket expenses
$50.00
$50.00 plus usual commission
$150.00 plus holding and return charges and out of pocket expenses
$30.00 per set of documents
$40.00 per set of Documents
$3.00 per $100.00 or part thereof per month
$2.00 per advice/letter – min $5.00
$125.00 plus out of pocket expenses
$35.00 flat charge
$35.00 flat charge
Customs Bond See Bonds and Guarantees
DISCOUNTED - LOCAL AND FOREIGN CURRENCY
1. Sight Bills
Up to $25,000.00 1% $100.00 minimum | over $25,000.00 0.75% 2. Term Bills
For foreign currency bills, the exchange rate is the sight buying rate of the relative currency Charge Back - foreign bills
Cash items (cheques on collection)
$35.00 plus foreign bank charges
Rebate on local bill paid before maturity 2% per annum below the rate at which the bill was discounted
LETTERS OF CREDIT – OUTWARD
Commercial clean and documentary creditsSight and up to 3 days sight
Commercial clean and documentary Term credits
For first 3 months or part thereof 1% up to $100,000 min $100.00, ¾% on excess over $100,000, ¼% for each succeeding month or part thereof, (max. period one year)
As for sight credits plus additional 1/5% per 30 days or part thereof of tenor or acceptance
Telex / swift message $100.00
Amendment- Extensions
Amendments- Increase in amounts
¼% for each additional month or part thereof, min. $50.00
Rate same as applied at establishment of credit, min. $50.00
Amendments- Other $50.00 per amendment
Revolving Credits
Interest
Same rate as sight credits
Interest at not less that the rate on overdraft to be charged on all drawings (except clean encashment credits) from the date of
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025 negotiation by beneficiary to date of charging to client's account. When full cash cover is held, no interest is chargeable.
Clean encashment credit - within the country
Clean encashment credit - outside the country
Acceptance Credit Facility
$7.50 on establishment. Drawings $2.00 minimum $10.00 maximum
$5.00 Drawings 1/4% min $2.00 to cover commission and interest
Same rate as sight credits with additional 2% per annum, min 1/2 of 1%
Travelers or Circular Letters of credit 1%, min $10.00
Refund of Cash Cover
Branch of correspondent bank charge
All unused deposits in foreign currencies made to cover letters of credit will be refunded at the demand buying rate effective at the time of refund.
To be collected from the client.
LETTERS OF CREDIT - INWARD
Confirmation of irrevocable Letters of Credit established by Foreign Banking Correspondents
Advising of Inward Credits and advising of Amendments to Inward Credits
¼% of 1% per month min $20.00.
This charge includes the $20.00 charge mentioned below for advising the Credit but does not include the $20.00 charge also mentioned below for advising amendments
$20.00 per advice. It is under-stood that this charge is to be levied without exception on all Inward Credits
Acceptance for a Correspondent Bank on Tern Drawing 1/8 of 1% per month, min $20.00 plus any other charges to be collected from the issuing bank.
Up to $7,500.00 ½% minimum $10.00. Between $7,501.00 and $10,000.00 3/8% Min. $35.00
Over $10,000.00 - ¼% minimum $45.00
Negotiation commission - Sight or Term
Issuance of Draft drawn under Bank Credits
These charges are to be added onto the drawing unless otherwise specifically instructed For term drawings the interest charge should be at the rate applicable to the client discounting the drawing unless otherwise instructed in the terms of the Credit.
Where Bank Credits include in their terms 'discounts and bill stamps are for account of buyers' provided always that such credits are established, confirmed or advised by Branches correspondents of the Banks and call for drafts on approved London Banks, it is agreed that such drawings may be negotiated at the sight buying rate for drafts on London
Transferable & divisible credits partially transferred ¼% of 1% minimum $10.00
Transferable & divisible credits wholly transferred 1/8 % of 1% minimum $10.00
Notification Commission
Amendments to credit
Cancellations
Standing Order
PAYMENT SYSTEMS - LOCAL
Manager's cheques and drafts issued in local currency
Telephone payment order (between branches)
BONDS AND GUARANTEES
Guarantees, Bonds and Indemnities
Performance Bonds
$30.00
$50.00
$75.00
$15.00 plus stamp duty
$15.00 plus stamp duty
$15.00 plus stamp duty
$75.00 flat fee for the first 3 months or part thereof, $100.00 per month thereafter
Same as for Customs Bonds
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
Customs Bonds
Up to $5,000 min $100.00, up to $50,000 2% min $500, over $50,000 1% on excess. On personal effects to be covered by certified cheques or manager's cheques 1% min $25.00
All other types of guarantee, including financial guarantees 2% per annum, min $250.00
NIGHT DEPOSITORY
Night Safe User fee and Wallet Rental
Overnight / Short-term rental
Replacement of lost / damaged wallet
Replacement of lost / broken wallet key
Replacement of lost / broken night safe key
$250.00 per annum Night Safe Fee plus 1 free Wallet / $3.00 for Disposable Bangs & $150 per annum per wallet
$25 per month or part thereof
$150.00
$50.00 plus cost
$100.00
Wallet rental rebate (surrender) 1/12 annual fee per unused month -
SAFETY DEPOSIT BOXES
Annual rental
100.00 for Small Box
$125.00 for large Box
Annual rental to Golden Years Customer 1 1/2" x 5" - $55.00 2 1/2" x 10 1/2" - $80.00
Visits
Replacement of lost / broken key
Drilling of box where both keys are lost
5 free visits per annum $10.00 each additional visit.
$30.00 plus cost of postage and replacement
$100.00 plus cost for drilling box, repairs and replacement.
Listing of contents for estate purposes $75.00
Rental rebate (surrender) 1/12 annual rate for each unexpired month
SAFEKEEPING
$75.00 min. per annum or part thereof
Sealed envelopes
Small packages or boxes 5" cubic measurement
Large Packages - Over 2" x 10"
Large boxes, trunks etc., anything over 5" cubic measurement
Trading Fees
2 free visits per annum, $10.00 each additional visit
$100.00 min. per annum or part thereof
2 free visits per annum, $10.00 each additional visit
$125.00 min. per annum or part thereof
2 free visits per annum, $10.00 each additional visit
$225.00 minimum per annum or part thereof
SECURITIES TRANSACTIONS
0.15% Subject to a minimum of $4.00 Equities: 0.15% Subject to a minimum of $45.00
Block Trades: Up to $1 Million
Subject to a minimum of $45.00 Excess Over $1 Million
Maximum fee payable is $10 Million Notes &
Subject to a minimum of $4.00 Treasury Bills: 0.01% Subject to a minimum of $4.00
Registration/ Transfer Fees Equities: 0.075% Subject to a minimum of $4.00
Block Trades: Up to $1 Million 0.075% Subject to a minimum of $45.00
Excess Over $1 Million 0.10% Maximum fee payable is $10 Million
Notes & Bonds: 0.025% Subject to a minimum of $4.00
Treasury Bills: 0.01% Subject to a minimum of $4.00
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025
Settlement Fees
Equities:
Block Trades:
Up to $1 Million
Excess Over $1 Million
Notes & Bonds:
Treasury Bills:
Permanent Re-activation of Account
Temporary Re-activation of Account
New and replacement of Passbook
ATM card New and replacement
None BOSVG ATM Balance Enquires
Use of Foreign ATM cards on our ATM network
IDC Cards New and replacement
SUNDRIES
0.075% Subject to a minimum of $45.00
0.10% Maximum fee payable is $10 Million
0.025% Subject to a minimum of $4.00
0.01% Subject to a minimum of $4.00
$10.00
$0.00
$15.00
$0.00
$8.00
$15.00
Telephone Banking Funds Transfer $2.00 Utility Payment $1.00
Audit Certificate $40.00
Bank statement (embassy)
Photocopies of documents
Conformation of Account
Electronic messages received on behalf customer (requested)
Electronic messages sent on behalf customer
Electronic Video Image search
Attorneys-at-law queries re estate a/cs
Exchange Bureau at the Airport & ET Joshua Center (for non-airport staff)
Exchange Bureau at the Airport & ET Joshua Center (for non-airport staff)
Cashing of BOSVG Cheques for Non BOSVG Customers and for BOSVG Customers over $20,000.
Telephone call at customer's request (average of 3minute calls)
Fax messages received on behalf customer (requested)
$40.00
$5.00 per sheet
$10.00
$12.00
$12.00
$3.00 per deposit AT AIA Only
$3.00 per deposit AT AIA Only
$5.00 per Cheque under $2,500.00, $2,501 to $20,000 $10.00 and over $20,000 ECCB cash rate.
Cost of the call+$7.00 commission
$7.00 per sheet
Fax messages sent on behalf customer $7.00 min per sheet
Electronic Video Image search
$75.00
Our Cards using BOSVG off site ATM's (Debit and ATM cards) $0 Fee
Business Cash deposit over the counter .15% of Cash deposit
To Change Mandates under one Year $10.00
Exchange of Coins for Bills 1% of Amount Minimum $5.00
Large Corporate Cash Deposit Fee at Night Deposit per Deposit $1.00 per $1K over $20K (cumulative daily).
Special mail to customer on request
to peer (Third Party/ cross CIF)
Cost of Mail plus $10
BANK FEES AND CHARGES
BOSVG Revised Fees December 2024 for Implementation 10th March 2025