CORPORATE BANKING TARIFF 2021

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CORPORATEBANKING TARIFF 2021

Effective 1st July 2021

Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF

CURRENT ACCOUNTS a. 50 paged (Premium Gold) b. 50 paged (Platinum) DRAFTS AND TRANSFERS a. Foreign Inward - Commission b. Transfer from FCDA to Current Account (MWK) with another bank

KASUPE FINANCE BankNet 360 e-BANKING SERVICES i. Transaction Fee (within NBM - Bank net online) ii. MRA Tax payment iii. Transfers to other NBM Wallet iv. Transfers to NBM bank account v. Cardless Withdrawals at ATM i. ATM Cash withdrawal up to daily limit (NBM customers on NBM ATM) vi. Declined ATM cash withdrawal insufficient funds (NBM ATMs) x. ATM Balance enquiry (NBM customers on NBM ATMs) i. Point of Sale Transactions (Debit Card) in country ii. Point of Sale Transactions (Debit Card) international STANDING ORDERS Bank initiated standing Orders (such as loan repayment STOs)

ABSOLUTELY FREE SERVICES

CONTENTS

CURRENT ACCOUNTS 4

STANDING ORDERS 4

INTERNATIONAL TRADE INVESTIGATIONS AND CHARGES -SUNDRY 4

EXCHANGE CONTROL 5

MULTICURRENCY CASH PASSPORT 5

FOREIGN NOTES SALES & PURCHASES 5

e-BANKING SERVICES 5 - 6

COUNTER SERVICES 6

BILLS FOR COLLECTION - FOREIGN 6

BILLS FOR COLLECTION - LOCAL 7

BILLS DISCOUNTED 7

BILLS NEGOTIATED 7

BILLS - SHIPPING DOCUMENTS 7

BILLS FOR COLLECTION - SUNDRY CHARGES 7

LEGAL SERVICES 7 - 8

PENSION SERVICES 8

TREASURY OPERATIONS 8

ASSET FINANCE 9

LETTERS OF CREDIT 9

LETTERS OF GUARANTEE 10

SMALL AND MEDIUM ENTERPRISE (SME) FACILITIES 10

CORPORATE BANKING FACILITIES 10

DRAFTS AND TRANSFERS 10 - 11

SAFE CUSTODY 11

SUNDRY CHARGES 11 - 12

BANCASSURANCE 12

CRB CHARGE 12


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National Bank of Malawi plc CORPORATE BANKING TARIFF

1. CURRENT ACCOUNTS 2021 TARIFF

i. Bank Cheque K29,020 ii. Cheque Book - a. 100 Pages K30,800 b. 100 pages (Kasupe finance) K13,750 c. 200 pages K56,680 d. 200 Pages (Kasupe finance) K25,300 iii. Dishonoured cheques K68,880 iv. Service Fee a. Corporate K22,250 b. Associations,Clubs & NGOs K7,200 c. SME Customers K16,850 d. Amayi angathe K200 e. Kasupe Finance K2,500 v. Special Presentation/ Clearance (Other Banks) K101,360 iix. Interim Statement per page a. Interim statement within a month per page K4,370 b. Account history beyond 1 month , within 12 months per page K7,000 c. Account history beyond 12 months per page K8,520 ix. Counter Cheque per leaf K9,240 x. Stop Payment (for reasons other than lost/stolen K68,880 xi. Unarranged Overdraft K68,880 xii. Sweep Transactions a. Annual Establishment Fee K46,200 b. Balance Maintenance Fee per transaction K3,360 2 STANDING ORDERS *This excludes internally generated standing orders such as those on loan repayments i. Bank initiated standing Orders (such as loan repayment STOs) Free ii. Establishment of customer initiated Standing Orders ( Flat fee) K5,040 iii. Insurance Companies 2.5% of total amount (deduct from aggregate amount Min K3,750 per month) iv. Processing customer initiated standing orders to other bank (per transaction) K5,320 v. Direct debits within NBM K610 3. INTERNATIONAL TRADE INVESTIGATIONS AND CHARGES -SUNDRY a. Remittance copy reprint within 3 months/set K4,600 b. Remittance copy reprint within 6 months/set K5,750 c. Remittance copy reprint beyond 6 months/set K6,950 d. Remittance/ documents investigation after 1 month K5,300 e. Remittance/ documents investigation after 3 months K6,950 f. Remittance/ documents investigation beyond 6 months but within 3 years K11,550 g. Remittance/ documents investigation beyond 3 years K22,000 h. Remittance balances enquiry K4,600 i. General reprints/set K1,000 j. Dicharge of Adoption Documents K5,000 k. Amendment fee on Advance payment K5,000


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4 EXCHANGE CONTROL i. EC Application - Local K5,750 ii. EC Application - RBM K18,350 iii. EC Application - Prepayment K18,350 iv. Penalty EC Charge K23,055 v. CD1 Forms - Bank-processed K5,800 - Customer-processed/ bank submission to RBM K2,400 - Customer processed/ copy collected at bank K5,800 - CD1 Reconciliation/Cancellation K26,680 - Bank-processed Amendment K5,800 - Customer-processed Amendment/ bank submission to RBM K2,100 vi. Confirmation of export of goods less than USD5,000 K25,000 5 a. MULTICURRENCY CASH PASSPORT i. Card cost-New (Collected by Travelex)-USD USD14 ii. Sale 1% Min. K7,950 iii. Purchase No charge iv. Additional card fee (master card) USD5 v. Reload fee (Master card) USD2/EUR1.50

b. FOREIGN NOTES SALES & PURCHASES Commission - Sales 1.5% Min K8,950 - Purchases No charge - Sales Against FCDA Balances 1% Min K8,950 equivalent 6 e-BANKING SERVICES a. Internet Banking (Banknet Online and Banknet 360) i. Monthly service fee K6,200 ii. Transfers within NBM Free iii. Transfers to other banks (SME) 0.25% Min K1,125 Max K11,250 iv. Transfers to other banks (corp) 0.25% Min K1,125 Max K11,250 v. Recurring Payment within NBM K395 per transaction vi. Recurring Payments to other Banks K1,120 per transaction vii. Transfers to Wallet (Mobile Network Operators) K620 for every K50,000 or part thereof viii. Transfers to Wallent (NBM) K280 for every K50,000 or part thereof viii. Bulk Payments to NBM accounts K620 per transaction ix. Bulk Payments to other banks K1,120 per transaction x. Bulk Payments to wallets K560 per transaction b. Electronic Fund Transfers (NBM EFT) i. Within NBM K620 per transaction ii. To other Banks K1,120 per transaction iii. To Mobile Wallet (Mobile Network Operators) K810 per transaction iv. To NBM Wallet K280 per transaction d. NBM Visa Credit Card i . Visa EMV Credit Corporate Business Card - Subscription fee on first issuance including Card fee K61,600 - Annual fee K35,840 - Renewal fee K33,600 - Replacement for reasons such as; card damaged, lost, stolen, and emergency. K39,200


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6 e-BANKING SERVICES 2021 TARIFF ii. Visa EMV Credit Corporate Card - Subscription fee on first issuance including Card fee K78,400 - Annual fee K50,400 - Renewal fee K50,400 - Replacement for reasons such as; card damaged, lost, stolen, and emergency K44,800 iii. Pin regeneration K3,360 iv Late payment fee K20,000 v. Over limit fee 15% of the exceeded amount with a minimum of K200,000 e. MoneyCard Services i. ATM Cash withdrawal up to daily limit (NBM customers on NBM ATM) Free ii. ATM Cash Withdrawal at other Bank ATMs in the country (NATSWITCH) K225 iii. ATM withdrawal (Visa local) K505 iv. ATM withdrawal (international) 5.0% v. Declined ATM cash withdrawal insufficient funds (Other Banks ATMs in country) K225 vi. Declined ATM cash withdrawal insufficient funds (own ATMs) Free vii. Balance enquiry (Other Bank ATMs in-country) K112 iix. Balance enquiry (international) K225 ix. ATM Mini - Statement K225 f. Point of sale transactions (Debit Cards) i. Point of Sale Transactions (Debit Card) in country Free ii. Point of Sale Transactions (Debit Card) innternational Free iii. Online Transactions (Debit Cards) 1.5% i. My Fuel Card Services New Card K11,800 Replacement K14,400 Renewal K10,600 7 COUNTER SERVICES i. On The Counter Cash Withdrawals on amounts within ATM limit (personal customers only) K300 ii. Instruction to transfer funds between NBM accounts K1,400 iii. Balance inquiry on enquiries desk K150 8 BILLS FOR COLLECTION - FOREIGN i. Commission a. Documentary 1% Mi. K20,000; Max K39,500 b. Clean 1% Min K18,950; Max K38,050 ii. Swift K30,500 iii. Postage K20,950 iv. Courier Service Courier rate inclusive VAT + 50% v. Stamp Duty As per Stamp Act vi. Bill Extension K23,295 vi. Bill Returned Unpaid on Due date K27,850 vii. Bill Stop Payment K24,000


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9 BILLS FOR COLLECTION - LOCAL 2021 TARIFF i. Commission 1% Min K12,000; Max K30,000 ii. Daily Presentation (Flat fee) K12,528 iii. Cheques (per collection) K11,000 10 BILLS DISCOUNTED i. Commission 1% Min K11,500; Max K27,000 ii. Stamps Per Stamp Act 11 BILLS NEGOTIATED i. Commission a. Documentary 1% Min K15,200; Max K30,650 b. Clean 1% Min K11,950; Max K30,000 ii. Stamps Per Stamp Duty iii. Postage K20,950 iv. Courier Service Courier rate inclusive of VAT plus 50% 12 BILLS - SHIPPING DOCUMENTS i. Composite Bills Of Lading requiring Release 1% Min K15,320, Max K45,350 ii. Delivered Against Cash Deposit or Written Undertaking to Pay 1% Min K15,320, Max K45,350 iii. Documents Returned to Principals 1% Min K22,620.Max K48,150 iv. Bonding / Release USD50 plus Courier Rate v. Customs Bank Release ( Customs Clearing Certificate) K29,100 vi. Documents Released to Drawee Free of Payment K45,800 vii. Delivery to Consignees (Unaccompanied by Bills of Exchange) 1% Min K19,150, Max K58,900 13 BILLS FOR COLLECTION - SUNDRY CHARGES i. Delays on Acceptance (per week) K36,550 ii. Payments to Local Third Party 0.5% Min K19,150., Max K39,150 iii. Noting USD50 plus Notary Costs (recoverable from Remitting Bank) iv. Release of Parcel Slip ( per release) K27,000 v. Follow-up for Negotiation Instructions K30,000 vi. Copies of Export Documents not Presented K15,000 14 LEGAL SERVICES i. Settlement Trusts (Excluding Minors) - Acceptance Fee 5% Min K77,000 - Continuing Trust Fee 0.5% quarterly, Min K17,000 - Withdrawal Fee ( Closure of Account) 2% Min K22,000 - Statement on customers request K10,300 - Disbursement for recoveries Quarterly, K10,000 ii. Deceased Estates - On Estate Value 6% of the total Estate Value - Continuing Deceased Estate Fee 0.5% quarterly, Min K16,800 - Withdrawal Fee ( Closure of account) 1% Min K22,000 - Disbursement for recoveries Quarterly, K10,000


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14 LEGAL SERVICES 2021 TARIFF

iii. Property Management Fees - Fees Charged On Total Rentals Received 10% Min K31,700/month - Disbursement for recoveries Quarterly, K10,000

iv. Transfer Secretarial - Small Register Maintenance (Less than 2000 ) USD900 per month and recoverable quarterly in arrears - Medium Register Maintenance (above 2000 and below 5000) USD1000 per month and recoverable quarterly in arrears - Big Register Maintenance ( more than 5000) USD1300 per month and recoverable quarterly in arrears - Dividend Payments K1,150 per cheque K400 per EFT entry K5,700 per foreign dividend payment ( plus direct expense) v. Share Certificates - Consolidation of share certificate K3,700 per new certificate issued - Split of split share certificate K3,700 per new certificate issued - Replacement of share certificates K3,700 per new certificate issued - Change of ownership K3,700 per new certificate issued - Blocking of share certificates K15,100 flat per certificate vi. Taxation Fees 3% of taxable income Min K60,000, Max K291,820 vii. Cheque issued K29,020 15 PENSION SERVICES i. Pension Funds - Member’s Salary Bill 0.8% Monthly, Min K60,000 - Pension’s Pay roll 0.8% Monthly, Min K60,000 ii. Gratuity Funds 0.8% Monthly, Min K60,000 16 TREASURY OPERATIONS i. Custodial Services - (Local) - Transaction Fees (per transaction) K5,000 - Safekeeping Fee 8 basis point per annum min K50,000 for clients with assets worthy less than K5 billion 7 basis point per annum Min K50,000 for clients with assets worthy more than K5 billion but less than K20 billion - Postage K5,400 - (Foreign) - Transaction Fees USD 60 per transaction - Safekeeping Fee 0.20% of fund value per annum, Min USD60 per month - Postage K 5,750 ii. Payment ( via Swift instruction) from Vostro Account ( Transaction Cost) 1% Min K3,400; Max K27,000 iii. ATS transfer Charge K12,000


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17 ASSET FINANCE 2021 TARIFF i. Arrangement fee (Vehicle Finance) 1% ii. Dishonoured Cheque K68,880 iii. Unpaid Standing Order K68,880 iv. Stop Payment K68,880 v. Rescheduling of deal structure K64,400 vi. Certificate of Balance (per certification) K32,710 18 LETTERS OF CREDIT a. Outward i. Commission on Establishment 0.75% per month or part thereof, Min K34,500 for L/Cs Without Cash Cover 0.75% for each 3 months or part thereof, Min K28,600 thereof, Min. K28,600, for L/Cs with Cash Cover ii. Acceptance/ Accepted Draft 0.5% per month or part thereof, Min K27,600 iii. Amendment (Flat Fee) K36,400 iv. Swift Establishment K41,650 v. Swift on Amendment K 33,300 vi. Swift - General K30,500 vii. Extension of period or increase As per Commissions on Establishment as above

iix. Subsequent Amendments to Preadvice K2,950

ix. Drawing (Flat Fee) K50,750

x. Cancellation Fee (Flat Fee) K46,150

xi. Delayed Acceptance of Drawing K45,000

b. Inward

i. Confirmation 1% per month or part thereof, Min K36,250

ii. Swift Advising/ Amendment (Flat Fee) K38,150

iii. Payment/ Reimbursement Negotiation K102,100

iv. Swift - General K30,500

v. Courier Courier Rate + VAT + 29%

vi. Drawing Negotiation/ Appraisal per submission 0.25% of Drawing Amount, Min K100,000;

Max K500,000

vii Cancellation Fee K46,200

iix. Discrepant Documents per submission K101,500

ix. Copies of Export Documents not Presented K15,000


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19 LETTERS OF GUARANTEE 2021 TARIFF i. Shipping Guarantee 1.5% per 6 months or part thereof, Min K60,000 ii. Bonds/ Other Guarantee. 1.5% for each 6 months, Min K56,220 iii. Advance Working Capital Bonds/Performance Bonds 1.5% for each 6 months. Min K56,220 iv. Guarantees Executed under Company Seal 1.5% for each 6 months. Min K43,000 v. Inward Bank Guarantee 1.5% per 6 months, Min K21,750 vi. Outward Forex Bank Guarantee (NEW) 1.5% per 6 months or part thereof, Min K59750 vii. Amendment of F orex Bank Guarantee K40,000 viii. Extension/ Increase of Forex Bank Guarantee amount 1.5% per 6 months or part thereof, Min K61,800 ix. Cancellation of Forex Bank Guarantee before Expiry K70,000

20 SMALL AND MEDIUM ENTERPRISE (SME) FACILITIES - Arrangement Fees 1.5% on amounts up to K10 million. Min K65,740, 1% on amounts above K10 million - Appraisal Fees per annum K69,500 21 CORPORATE BANKING FACILITIES - Arrangement Fees 1.5% on amounts up to K20 million. Min K232,000 1% on amounts above K20 million - Appraisal Fees per annum Negotiable, Min MK100,000 22 DRAFTS AND TRANSFERS a. Local - Outward i. Commission ( To any bank within Malawi other than NBM Service Centres) 1% Min K3,900; Max K30,500 iii. ATS Transfers Charge K15,000 b. Foreign - Outward i. Commission 1 % Min K8400.00; Max K39,300 ii. Swift Tracers K11,400 iii. Swift - MT103 K21,050 iv . Replacement Draft (Customer request) 1% Min K24,300 c. Foreign Inward Commission Free d. Transfer from NBM FCDA to Current Account (MK ) with another bank within Malawi i. Transfer cost Free ii. ATS Transfers Charges K15,000 e. Transfer from FCDA to Account(MK) maintained with NBM i. Processing Cost No charge ii. Swift on foreign payments for Malawi Kwacha accounts within NBM No charge f. Transfer from FCDA to other banks in foreign currency i. Proccessing of Salaries USD8 ii. Processing of other transaction USD35/ transfer iii. Swift Message USD 20 per message


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22 DRAFTS AND TRANSFERS 2021 TARIFF

g. Dishonoured Foreign Cheques - our charge USD60 or its equivalent plus agent bank charge h. Returning Funds i. Transaction Cost USD36 or its equivalent plus agent bank charges ii. Swift Message USD20 per message f. Certificate of Balances for FCDAs USD36 g. Copy Statement - Same year USD10 - 1 to 2 years USD36 - Over 2 years to 7 years USD60 h. Investigation Beyond 6 months USD60 per request i. Account Closure Fee USD38 j. Central Securities Depository - Bidding K2,000 - Settlement per bid K8,000 - Security pledging K20,000 23 SAFE CUSTODY i. Open Packet bi-annually K35,000 ii. Sealed Packet bi-annually K42,000 iii. Small Deed Box bi-annually K45,585 iv. Large Deed Box bi-annually K56,895 v. Wills held on behalf of customer bi-annually K21,280 vi. Inspection - per inspection K17,195 24 SUNDRY CHARGES i. Night Safe a. Commission- per 6 months per wallet K33,600 b. Temporary Lodgement- per Night per Wallet K25,035 ii. Account Closure within 6 months K10,585 iii. Preparation of Salary Deposit on behalf of customer a. Manual- per credit K3,865 b. Electronic- per credit K740 iv. Swift/Fax Courier/ Telecomms companies charges inclusive 16.5% VAT +50% Min K1,850 v. Certificate of Balance per certificate K35,504 vi. Confidential Report - a. Local per report K42,560 b. Foreign per report K50,680 vii. Unclaimed Balance Withdrawal Processing - a. Service Centre Books per drawing K10,248 b. RBM Books per drawing K17,416 viii. Investigation Beyond 6 Months per request K44,184 ix. Transfer Between Accounts per transaction-third party K3,584 x Unallocated Transfers per transaction K12,320 xi. Specie Bag per bag K4,928 xii. Status Report - a. Local K42,560 b. Foreign K62,160


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24 SUNDRY CHARGES

xiv. Change Transaction ( non customers ) 1%, Min. K4,370 xv. CCTV Investigation K62,160 xvi. Copy statement - - Same year per page K6,160 - Over 1 year to 2 yrs per page K13,552 - Over 2 years to 7 yrs per page K32,144 xvii. Certificate covering interest paid/received K33,992 xiix. Search fee for copies of statements/deposit slips per page/ electronic copies K6,552 xxi. Reference letter K32,984 25 BANCASSURANCE Refer to current CRA charges ‘

i. Credit Life 0.36% of loan amount for entire loan term ii. Other General insurance policies Insurance Preimum rates varies from 0.15% to 16.5% per annum 26 CRB CHARGE Refer to current CRA charges

1. Comprehensive report - Company Report Refer to current Credit Reference Bureau charges - Business Report Refer to current Credit Reference Bureau charges - Individual Report Refer to current Credit Reference Bureau charges 2. Credit history report Refer to current Credit Reference Bureau charges

CORPORATE BANKING TARIFF 2021

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