Schedule of Charges - firstcaribbean · 11/5/2019 · Withdrawals/ Debits fee (after free debits)...
Transcript of Schedule of Charges - firstcaribbean · 11/5/2019 · Withdrawals/ Debits fee (after free debits)...
Last Updated: February 1, 2021
Effective: February 1, 2021
Schedule of Charges
BAHAMAS
Retail
Page 1 of 18
1
2
3 SUNDRY SERVICES
4 LENDING AND CARD SERVICES
5 CORPORATE SERVICES
6 TRADE SERVICES
Schedule of ChargesCONTENTS
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
Page 2 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Monthly Service Fee 12.00 1.44 13.44
Debits/Withdrawals fee $2.10 + stamp duty 0.25 $2.35 + stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Average Balance to avoid monthly service fee 2,500.00 2,500.00
Monthly Service Fee for falling below average balance 12.00 1.44 13.44
Debits/Withdrawals fee (after free debits)3 free, thereafter $1.50 + stamp
duty
0.18 3 free, thereafter $1.68 + stamp
duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Chequing Plus Accounts (Product Code 730)
Average Balance to avoid monthly service fee 2,500.00 2,500.00
Monthly Service Fee for falling below average balance 12.00 1.44 13.44
Debits/Withdrawals fee (after free debits)4 free, thereafter $1.50 + stamp
duty
0.18 4 free, thereafter $1.68 + stamp
duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Monthly Service Fee 2.50 0.30 2.80
Debits/Withdrawals fee (after free debits) $1.50 each + stamp duty 0.18 $1.68 each + stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
No Passbook - transactions $2.00 (ex-CIBC only) 0.24 $2.24 (ex-CIBC only)
Savings Plus Accounts (Product Code 697)
Average Balance to avoid monthly service fee 2,500.00 2,500.00
Monthly Service Fee for falling below average balance 7.00 0.84 7.84
Debits/Withdrawals fee (after free debits)2 free, thereafter $1.25 + stamp
duty
0.15 2 free, thereafter $1.40 + stamp
duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Regular Savings Accounts (Product Code 19, 33 and 180)
Schedule of ChargesPERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
Regular Chequing Accounts (Product Code 22, 104 and 117)
* Money Multiplier Accounts (Product Code 9 and 118)
Page 3 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Schedule of ChargesPERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
Regular Chequing Accounts (Product Code 22, 104 and 117)
Direct Banking Accounts (Product Code 723)
Withdrawals / Debits – Over The Counter (each) $5.00 0.60 $5.60
Deposits / Credits - In Branch/Over The Counter (each) $5.00 0.60 $5.60
Bank@Work Accounts (Product Code 823)
Withdrawals / Debits – Over The Counter 10 free, thereafter $1.05 each +
stamp duty
0.13 10 free, thereafter $1.18 each +
stamp duty
Deposits / Credits - In Branch/Over The Counter No Charge No Charge
Bank @ School Accounts (Product Code 798)
Withdrawals / Debits – Over The Counter No Charge No Charge
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
SureStart (Junior Savers) Accounts (Product Code 169)
Monthly service fee No Charge No Charge
Withdrawals / Debits – Over The Counter 4 free, thereafter $0.50 0.06 4 free, thereafter $0.56
Deposits / Credits - In Branch/Over The CounterNo Charge No Charge
Senior Savers Accounts (Product Code 44 and 176)
Monthly service fee for falling below average balance No Charge No Charge
Withdrawals / Debits – Over The Counter No Charge No Charge
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Seniors Chequing Accounts (Product Code 170)
Monthly service fee for falling below average balance No Charge No Charge
Withdrawals / Debits – Over The Counter No Charge No Charge
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
See Sundry Services Section for Applicable ABM charges
Page 4 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Schedule of ChargesPERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
Regular Chequing Accounts (Product Code 22, 104 and 117)
Platinum Chequing Accounts (Product code 782)
Average balance to avoid monthly service fee N/A N/A
Withdrawals /Debits/Cheques – In Branch/Over The
Counter
No Charge No Charge
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Fixed Deposit Accounts
Transfer to another internal account on maturity
Transfer to another institution on maturity
Notes:
1. * - Product/Service Not offered to new clients
2. Senior Chequing & Savings Accounts - Commission Free Services on Local Mgr Cheques, Standing Orders & Traveller's Cheques
3. All figures are quoted in Bahamas Dollars unless otherwise stated.
No charge
Draft/Wire Cost
Page 5 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
UNITED STATES DOLLAR (USD)
USD Chequing Accounts (Product code 24)
Monthly Service Fee (charged only if there is activity during the month)
6.00 0.72 6.72
Debits/Withdrawals fee (after free debits) 2 free, thereafter $0.55 +
stamp duty
0.07 2 free, thereafter $0.62 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Monthly Service Fee No Charge No Charge
Debits/Withdrawals fee (after free debits) 2 free, thereafter $1.00 +
stamp duty
0.12 2 free, thereafter $1.12 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
CANADIAN DOLLAR (CAD)CAD Chequing Accounts (Product code 23)
Monthly Service Fee
(charged only if there is activity during the month)
6.00 0.72 6.72
Withdrawals/ Debits fee (after free debits) 2 free, thereafter $0.55 +
stamp duty
0.07 2 free, thereafter $0.62 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
Monthly Service Fee No Charge No Charge
Withdrawals/ Debits fee (after free debits) 2 free, thereafter $0.50 +
stamp duty
0.06 2 free, thereafter $0.56 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
CAD Savings Accounts (Product Code 35*, 36*, 177 and 232*)
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY
USD Savings Accounts (Product Code 37*,38* and 103)
Page 6 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY
POUND STERLING (GBP)GBP Chequing Accounts (Product Code 120)
Monthly Service Fee
(charged only if there is activity during the month)
£5.00 £0.60 £5.60
Withdrawals/ Debits fee (after free debits) 2 free, thereafter £0.55 +
stamp duty
0.07 2 free, thereafter £0.62 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
GBP Savings Accounts (Product Code 178 and 231)
Monthly Service Fee No Charge No Charge
Withdrawals/ Debits fee (after free debits) 2 free, thereafter £1.00 +
stamp duty
0.12 2 free, thereafter £1.12 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
EURO DOLLARS (EUR)
Monthly Service Fee € 6.00 0.72 € 6.72
Withdrawals/ Debits fee (after free debits) 2 free, thereafter €0.55 +
stamp duty
0.07 2 free, thereafter €0.62 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
EUR deposit charge 0.7% p.a. of Average Monthly
Balance
0.084% 0.784% p.a. of Average
Monthly Balance
Monthly Service Fee No Charge No Charge
Withdrawals/ Debits fee (after free debits) 2 free, thereafter €1.00 +
stamp duty
0.12 2 free, thereafter €1.12 +
stamp duty
Deposits/Credits – In Branch/Over The Counter No Charge No Charge
EUR deposit charge 0.7% p.a. of Average Monthly
Balance
0.084% 0.784% p.a. of Average
Monthly Balance
Notes:
1. * - Product/Service Not offered to new clients
2. Senior Chequing & Savings Accounts - Commission Free Services on Local Mgr Cheques, Standing Orders & Traveller's Cheques
3. All figures are quoted in Bahamas Dollars unless otherwise stated.
4. EUR currency fixed deposits and transaction accounts, where offered, are charged at a rate of 0.70% per annum.
EUR Chequing Accounts (Product Code 122)
EUR Savings Accounts (Product Code 53)
Page 7 of 18
INTERNET AND TELEPHONE BANKING
Monthly Access Fee
WIRE TRANSFERS
International Wire Transfers (local equivalent):Via Internet Via Branch Via Internet Via Branch Via Internet Via Branch
$1 to $9,999.99 $45.00 $75.00 $5.40 $9.00 $50.40 $84.00
$10,000 to $99,999.100 $55.00 $85.00 $6.60 $10.20 $61.60 $95.20
$100,000 and Over $80.00 $125.00 $9.60 $15.00 $89.60 $140.00
1st Send Wire Transfer
$1 to $500.00 $15.18 n/a $1.82 n/a $17.00 n/a
$500.01 to $10,000.00 $38.39 n/a $4.61 n/a $43.00 n/a
Local / Regional Transfers
To / from an account held at other local banks via
RTGS (local currency transactions only)$5.00 $10.00 $0.60 $1.20 $5.60 $11.20
To an account held at one of our regional branches $30.00 $40.00 $3.60 $4.80 $33.60 $44.80
Incoming Wire Transfers
To credit an account at one of our branches
To credit an account held at other local banks
Payable on presentation of Photo Identification
Returned Wire Payments: Incoming and Outgoing
Tracers on Wire Transfers
DRAFTS
Local Draft (Manager's Cheque)
USD Draft
Up to $24,999
$25,000 & Over
Other Foreign Currency Draft
Up to $24,999
$25,000 & Over
Tracers on Local Drafts (plus costs)
Tracers on Foreign Drafts (plus costs)
Stop Payment on Local Drafts (plus costs)
Stop Payment on Foreign Drafts
(includes foreign bank charges)
Duplicate / Replacement Drafts
MAIL TRANSFERS
Outgoing: Inland
Incoming
$62.50 $7.50 USD $70 Equivalent
N/A N/A
$3.30
$72.50
$27.50
$22.50 $2.70 $25.2 + Stamp Duty
$40.00 $4.80 $44.8 + Costs
Original Draft Fee Original Draft Fee
$10.00 $1.20 $11.2 + Costs
$67.50 $8.10 $75.6 + Stamp Duty
$81.2 + Stamp Duty
$30.8 + Stamp Duty
$25.00 $3.00 $28 + Costs
$8.70
$1.35 $12.60
No Charge No Charge
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
USD $30.00 USD$3.60 USD $33.60
USD $40.00 USD$4.80
Schedule of Charges
SUNDRY SERVICES
$20.00 $2.40 $22.40
$11.25
$30.00 $3.60 $33.60
USD $44.80
$4.00 $0.48 $4.48 +Draft Charges
$8.00 $0.96 $8.96
Notes:
1. All figures are quoted in local currency unless otherwise stated.
2. RTGS - Real Time Gross Settlement is an initiative of some local Central Banks that allows commercial banks to make (large) inter-bank transactions in real-time in
local currency.
3. All wires are sent for Beneficiary to pay Correspondent fees
Page 8 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
SUNDRY SERVICES
STANDING ORDERS
Set-up
Amendment
Internal Standing Orders
Loan Payments or Safety Deposit Box/Premier
annual fees
Between other accounts
External Standing Orders:
To transfer funds LOCALLY via DRAFT
To transfer funds LOCALLY via RTGS
To transfer funds OVERSEAS
BILL PAYMENT
Via the Branch Counter
Via the ABM
Via the Internet
Via Standing Order (Diary Card) -bills sent to us for
payment
ACCOUNT TRANSFERS
By customer via our ABM, telephone or online Banking
By customer via another Bank ABM
By us on written/faxed/telephoned instructions
CHEQUE RELATED
Cheque Books (all styles)
Stop payment on a local cheque (all reasons)
Stop payment on a foreign cheque (all reasons)
Charge backs - (items returned to us by another bank)
Local Cheque
Foreign Cheque
Non-Sufficient Funds (return cheque charge)
Postdated cheques
Third Party (Non Customers) Cheque Cashing Fee
Foreign Cheque Processing Fee
$10.00 $1.20 $11.20
$10.00 + draft/wire fee $1.20 $11.20 + draft/wire fee
$11.20 + draft fee
$2.00 $0.24 $2.24
No Charge No Charge
$6.00 $0.72 $6.72
$1.20$10.00 + draft fee
No Charge No Charge
$20.00 $2.40 $22.40
$1.00 $0.12 $1.12
No Charge No Charge
$10.00 + draft fee $1.20 $11.20 + draft fee
No Charge N/A No Charge
$0.60 + 0.24 if advice is required$5.00 + $2.00 if advice is
required
$5.60 + $2.24 if advice is
required
$15.00 $1.80 $16.80
Cost + Stamp Duty$25.00 $3.00 $28 each
$62.50 $7.50 USD $70 Equivalent
$25.00 $3.00 $28.00
$50.00 $6.00 $56.00
$5.58 $0.67 $6.25 stamp duty
$35.00 $4.20 $39.20
$3.00 $0.36 $3.36 each
$5.00 $0.60 $5.60
Page 9 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
SUNDRY SERVICES
FOREIGN CURRENCY EXCHANGE
Local currency for foreign currency
Foreign currency for local currency (except USD)
ABM
New issue/replacement of expired or stolen card
Replacement of lost card
**Mini-statement Print
ABM Deposits
ABM Withdrawals
At a CIBC FirstCaribbean ABM
At another bank’s ABM
Point of Sale Purchases
**FREE ABM Withdrawals & Ministatements for the following account types:
Direct Banking, Bank@Work, Bank@School, Senior Savings, Senior Chequing
STATEMENTS
Mailed/Regular/diary filled statement
Duplicate/Additional/Interim statement (each)
Screen print/photocopy (per page)
Held for Collection at the Branch (per month)
E-statement:
Set Up
Monthly Subscription Fee (to be collected via standing order)
Daily files
Weekly Files
Monthly Files
Transaction Fee
ACCOUNT CLOSURE
Within 90 days
Within 180 days
USD20.00 / account USD 2.40 USD 22.40 / account
No Charge
USD50.00 / account USD 6.00 USD 56.00 / account
1% Min $10.00 0.12% Min $1.20 1.12% Min $11.20
Exchange + Stamp Duty Exchange + Stamp Duty
$5.00 $0.60 $5.60
No Charge No Charge
$1.00 $0.12 $1.12
N/A N/A
$2.00 $0.24 $2.24
No Charge No Charge
No Charge No Charge
N/A N/A
$10.00 $1.20 $11.20
$15.00 $1.80 $16.80
$20.00 $2.40 $22.40
$15.00 $1.80 $16.80
No Charge
USD15.00 / account USD 1.80 USD 16.80 / account
No charge No Charge
Nil Nil
Page 10 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
SUNDRY SERVICES
DORMANCY PROTECTION
Initial Notice
(when account goes dormant after 2 years of inactivity)
Notice thereafter (every year of inactivity)
Reactivation
Transfer to Central Bank (after 7 years of inactivity)
RESEARCH
Where vouchers are held at local branch
Same Month (within 30 days of last statement)
1-5 Vouchers / Items
Each additional Voucher / Item
Up to 3 months
1-5 Vouchers / Items
Each additional Voucher / Item
Over 3 months and up to 7 Years
1-5 Vouchers / Items
Each additional Voucher / Item
Searching for or reconstructing customer records
SAFETY DEPOSIT BOXES
Annual (Rental) Fees
Small (1.5 x 5)
Medium (2.5 x 5)
Large (2.5 x 10)
Ex-Large (5 x5)
Ex- Large (5 x 10)
Ex-Large (10 x 10)
Ex-Large (10 x 15)
**Refund of Annual Rental Fee (box closed before year end)
Other Fees:
Number of free visits per month
Additional visits per month
Forced entry / Drilling of Box
Listing of contents
Estate opening of box
Replacement / Lost key
Notification of Safety Deposit arrears
$220.00 $26.40 $246.40
$275.00 $33.00 $308.00
$110.00 / $400.00 $13.20/ $48.00 $123.20 / $448.00
$30.00 $3.60 33.6/hour (Min $33.60)
$35.00 $4.20 $39.20
$35.00 $4.20 $39.20
$50.00 $6.00 $ 56(per A/C)
No Charge No Charge
No Charge No Charge
$5.25 $0.63 5.88 each
$5.25 $0.63 5.88 each
$5.00 $0.60 5.6 each
$5.00 $0.60 5.6 each
$5.00 $0.60 5.6 each
$8.50 $1.02 9.52 each
$50.00 / $100.00 $6.00/ $12.00 $56.00 / $112.00
$60.00 / $200.00 $7.20/ $24.00 $67.20 / $224.00
$110.00 / $500.00 $13.20/ $60.00 $123.20 / $560.00
$175.00 $21.00 $196.00
$25.00 per hour $3.00 $28.00 per hour
Unlimited Unlimited
No Charge each No Charge each
$100.00 $12.00 $112.00
$100.00 $12.00 $112.00
$25.00 $3.00 $28.00
$25.00 $3.00 $28.00
Annual fee less outstanding
charges & taxes
Annual fee less outstanding
charges & taxes
Page 11 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
SUNDRY SERVICES
SAFEKEEPING AND SECURITIES
Annual (Rental) Fees
Sealed envelopes
Sealed Boxes/Packages
Small
Medium
Large
Locked boxes, trunks, etc (per entry)
Stocks, debentures, share certificates, Deeds, treasury
bills safekeeping
Other Fees
Number of free visits per month
Additional visits per month
Clipping coupons
Obsolete collateral
MISCELLANEOUS SERVICES
Audit Certificate
Credit Report – Local / Overseas
Certificate/Confirmation of balance
Special Letter to Central Bank
Special Presentation Letter to Credit Bureau/Overseas
Banks
Reference Letters
Fax sent / received for a customer - Local
Fax sent / received for a customer - Overseas
Signature verification
Insurance on Registered Mail
Photocopying documents
Coin Handling (exchanging for Bills)
Coin Orders (requesting coin)-Same day request
Hold Mail/Statements held for collection
LARGE CASH DEPOSITS **
Fee for depositing large cash deposits in-Branch
Fee for depositing large cash deposits via Night deposit &
SmartSafe
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Bahamas Dollars unless otherwise stated.
3. **Inclusive of all foreign currency and coin deposits.
$50.00 $6.00 $56.00
$150.00 $18.00 $168.00
$75.00 $9.00 $84.00
$100.00 $12.00 $112.00
$10.00 per item
$50.00 per annum
$1.20 per item
$6.00 per annum
$11.20 per item
$56.00 per annum
Same as packages Same as packages
$5.00 each $0.60 $5.60 each
Nil Nil
$30.00 per account $3.60 $33.60 per account
N/A N/A
$25.00 $3.00 $28.00
$30.00 $3.60 $33.60
$15.00 $1.80 $16.80
$2.00 $0.24 $2.24
$15.00 $1.80 $16.80
$1.00 per sheet $0.12 per sheet
1% Minimum $130 0.12% Minimum $15.60 1.12% Minimum $145.60
$0.30 per $1k N/A $0.30 per $1k
$5 per every $1,000 in cash $0.60 per every $1,000 in cash $5.60 per every $1,000 in cash
0.35% of total daily deposit for
amounts $5,000 & over
0.042% of total deposit for
amounts $5,000
0.392% of total daily deposit for
amounts $5,000 & over
$15.00 per month $1.80 per month $16.80 per month
1% Minimum $130 0.12% Minimum $15.60 1.12% Minimum $145.60
No Charge No Charge
$30.00 per account $3.60 $33.60 per account
2% of value Min $2 each 0.24% of value Min $0.24 each 2.24% of value Min $2.24 each
$1.12 per sheet
$15.00 $1.80 $16.80
Page 12 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
OVERDRAFTS
Set up/Annual Renewal Fee: ACA & Temporary
Overdrafts
1% - 2.00% Min $100.00 0.12% - 0.24% Min $12.00 1.12% - 2.24% Min $112.00
Excess Overdraft Fee (in addition to
encroachment rate)
1% Min $30.00 0.12% Min $4.00 1.12% Min $34.00
Unauthorized Overdraft Fee (in addition to
encroachment rate)
2% Min $30.00 0.24% Min $4.00 2.24% Min $34.00
CREDIT CARDS
See Credit Card Schedule of Charges
VISA DEBIT CARD - LOCAL CURRENCY
Annual Fees No Charge No Charge
Fast Card Fees (Courier charges only) USD 45.00 USD 5.40 USD $50.4 equiv
ABM Balance Inquiry Fee
At a local CIBC FirstCaribbean ABM No Charge No Charge
At another bank’s ABM $1.00 $0.12 $1.12
ABM Withdrawals
At a local CIBC FirstCaribbean ABM No Charge No Charge
At another local bank’s ABM $3.00 $0.36 $3.36
At International/Overseas bank’s ABM
(Including CIBC FirstCaribbean ABMs in another
country)
$3.00
$0.36 $3.36
Point of Sale Purchases No Charge No Charge
Replacement & Additional Cards - Classic $5.00 $0.60 $5.60
Replacement & Additional Cards - Platinum $5.00 $0.60 $5.60
Stamp Duty 1.5% POS & ATM(Intl tax & .40c on each local ATM tax)
N/A1.5% POS & ATM
(Intl tax & .40c on each local ATM tax)
Declined Transactions
At a local CIBC FirstCaribbean ABM No Charge No Charge
At another local bank’s ABM $1.00 $0.12 $1.12
At International/Overseas bank’s ABM
(Including CIBC FirstCaribbean ABMs in another
country)
$1.00 $0.12 $1.12
USD VISA DEBIT CARDS (for non Residents 0nly) - VAT exempt
Annual Fees No Charge Zero-rated No Charge
Fast Card Fees (Courier charges only) USD 45.00 Zero-rated USD 45.00
ABM Balance Inquiry Fee
At a local CIBC FirstCaribbean ABM No Charge Zero-rated No Charge
At another bank’s ABM $0.50 Zero-rated $0.50
ABM Withdrawals
At a local CIBC FirstCaribbean ABM No Charge Zero-rated No Charge
At another local bank’s ABM $3.00 Zero-rated $3.00
At International/Overseas bank’s ABM
(Including CIBC FirstCaribbean ABMs in
another country)
$3.00
Zero-rated $3.00
Point of Sale Purchases No Charge Zero-rated No Charge
Replacement & Additional Cards - Classic $5.00 Zero-rated $5.00
Replacement & Additional Cards - Platinum $10.00 Zero-rated $10.00
Stamp Duty No Charge Zero-rated No Charge
Declined Transactions
At a local CIBC FirstCaribbean ABM No Charge Zero-rated No Charge
At another local bank’s ABM $1.00 Zero-rated $1.00 At International/Overseas bank’s ABM
(Including CIBC FirstCaribbean ABMs in
another country)$1.00
Zero-rated $1.00
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Bahamas Dollars unless otherwise stated.
Schedule of Charges
LENDING AND CARD SERVICES
Page 13 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Set up No Charge No Charge
Service Fee (monthly) No Charge No Charge
Operational (per file run) $10.00 $1.20 $11.20
Transaction Fee (per credit/payment):
Per credit to account at CIBC FirstCaribbean $0.75 $0.09 $0.84
Per credit to account at another bank $1.00 $0.12 $1.12
Late transmission of payroll file $20.00 $2.40 $22.40
Minimum monthly service fee No Charge No Charge
Withdrawals / Cheques per entry $0.75 $0.09 $0.84
Deposits / Credits per entry $0.75 $0.09 $0.84
MANUAL PAYROLL - PAPER LIST OPTION
Set up No charge No charge
Service Fee (monthly) No charge No charge
Operational Fee (per payroll run) $50.00 $6.00 $56.00
Transaction Fee (per credit/payment):
Per credit to account at CIBC FirstCaribbean$3.00 $0.36 $3.36
Per credit to account at another bank $7.50 $0.90 $8.40
Late transmission of payroll file $40.00 $4.80 $44.80
Set up Fee No charge No charge
Service Fee (monthly) No charge No charge
Operational Fee (per payroll run) $50.00 $6.00 $56.00
Transaction Fee (per credit/payment):
Per credit to employee account with
CIBC FirstCaribbean
$3.00 $0.36 $3.36
Per credit to employee account with
Another Bank
$5.00 $0.60 $5.60
Late transmission of payroll file $40.00 $4.80 $44.80
OVER-THE-COUNTER PAYROLL
Set up Fee N/A N/A
Service Fee (monthly) N/A N/A
Operational Fee (per payroll run) $80.00 $9.60 $89.60
Transaction Fee (per credit/payment):
Per credit to employee account with
CIBC FirstCaribbean
$3.00 $0.36 $3.36
Per credit to employee account with
Another Bank
$7.50 $0.90 $8.40
Late transmission of payroll file $100.00 $12.00 $112.00
MANUAL PAYROLL - CASH / ENVELOPE OPTION
E-CHEQUE CARD ACCOUNTS
Schedule of Charges
CORPORATE SERVICES
E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS)
Page 14 of 18
CHARGES VAT FINAL CHARGES (pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
CORPORATE SERVICES
E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS)
ONLINE BILL PAYMENT (Where a company signs up as a Biller on CIBC FirstCaribbean Internet Banking)
Charge Per Payment $0.65 $0.08 $0.73
NIGHT WALLET DEPOSITORY
Annual (Rental) Fee
Disposable Bags $60.00 $7.20 $67.20
Canvas Wallets $100.00 $12.00 $112.00
Short Term Rental (30 days or less)
Disposable Bags N/A N/A
Canvas Wallets N/A N/A
Safekeeping (contents remain in bag):
Canvas Bags $150.00 $18.00 $168.00
Disposable Bags $300.00 $36.00 $336.00
Rebates:
Canvas Bags N/A N/A
Disposable Bags N/A N/A
Per Package of 100 Disposable bags
Small: 9 x 12 $45.00 $5.40 $50.40
Medium: 12 x 16 $50.00 $6.00 $56.00
Large: 19 x 28 $55.00 $6.60 $61.60
Replacement and Repairs
Canvas Bag (all sizes) $100.00 $12.00 $112.00
Canvas Bag Keys $25.00 $3.00 $28.00
Trap Door Key $25.00 $3.00 $28.00
Additional Key $30.00 $3.60 $33.60
Set-up Fee
E-Deposit Service $150.00 $18.00 $168.00
Deposit to customer's account $2.00 each $0.15 $2.15 each
Set-up Fee
Standard Set Up $50.00 $6.00 $56.00
Additional Set Up $10.00 $1.20 $11.20
Daily $50.00 $6.00 $56.00
Monthly $15.00 $1.80 $16.80
Daily $50.00 $6.00 $56.00
Weekly $20.00 $2.40 $22.40
Monthly $15.00 $1.80 $16.80
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Bahamas Dollars unless otherwise stated.
Via Email:
SMARTSAFE PRICING
SWEEPS and ZBAs
E-STATEMENT PRICING
Statement Frequency
Via Swift:
Page 15 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
BONDS, INDEMNITIES & GUARANTEES
Performance Bonds 1.25% p.a. Min $125.00 0.15% p.a. Min $15.00 1.40% p.a. Min $140.00
Guarantee Bonds 1.25% p.a. Min $125.00 0.15% p.a. Min $15.00 1.40% p.a. Min $140.00
LETTERS OF CREDIT : EXPORT (Inward) CLEAN & DOCUMENTARY
Acceptance N/A N/A
Advising Credits $75.00 $9.00 $84.00
Amendments to credits $50.00 $6.00 $56.00
Confirming irrevocable credits1% per month Min $100.00
(includes advising fee)
0.12% per month Min $12.00
(includes advising fee)
1.12% per month Min $112.00
(includes advising fee)
Transferable and divisible credits 1% per month Min $50.00 (includes
advising fee)
0.12% per month Min $6.00
(includes advising fee)
1.12% per month Min $56.00
(includes advising fee)
Negotiation – Sight or Tenor drawings 0.5% Min. $50.00 + interest +
exchange
0.06% Min. $6.00 + interest +
exchange
0.56% Min. $56.00 + interest +
exchange
LETTERS OF CREDIT : IMPORT (Outward) CLEAN & DOCUMENTARY
Acceptance No Charge No Charge
Establishment Commission :
First Quarter 1.25% Min $35.00 0.15% Min $4.20 1.40% Min $39.20
Each additional month (or part thereof) 0.375% Min $50.00 0.045% Min $6.00 0.42% Min $56.00
Sight to 3 days:
First Quarter Value up to $100k - 1.25% Min $25
Value over $100k - 0.5% Min $100
Value up to $100k - 0.15% Min $3.00
Value over $100k - 0.06% Min $12.00
Value up to $100k - 1.40% Min $28.00
Value over $100k - 0.56% Min $112.00
Each additional month (or part thereof) $25.00 $3.00 $28.00
Term – Max 1 year No Charge No Charge
Amendments, Extensions and Increases:
Amendments $35.00 $4.20 $39.20
Extensions 0.25% per mth Min $25.00 0.3% per mth Min $3.00 0.28% per mth Min $28.00
Increases 1.25% Min $100.00 0.15% Min $12.00 1.40% Min $112.00
Revolving Credits Establishment commission applies Establishment commission applies
Branch or corresponding charges Expenses recovered from client Expenses recovered from client
Clean Encashment Credits:
Within the Bahamas 1.5%, Min $25.00 0.18%, Min $3.00 1.68%, Min $28.00
With correspondents 1% + $5.00 per drawing Min $25.00 0.12% + $0.60 per drawing Min
$3.00
1.12% + $5.60 per drawing Min
$28.00
Interest on Drawings:
Transit Overdraft Rate Overdraft Rate
Clean Encashment Credits No charge No Charge
Schedule of Charges
TRADE SERVICES
Page 16 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
TRADE SERVICES
DOCUMENTARY COLLECTIONS (IMPORT & EXPORT)
Outward:
Clean:
Up to $25,000.00 0.5% Min $25.00 + wire/draft fees 0.06% Min $3.00 + wire/draft fees 0.56% Min $28.00 + wire/draft fees
$25,001 - $100,000 0.25% Min $65.00 + wire/draft fees 0.03% Min $7.80 + wire/draft fees 0.28% Min $72.80 + wire/draft fees
$100,001 - $500,000 0.0625% Min $300.00 + wire/draft
fees
0.0075% Min $36.00 + wire/draft
fees
0.07% Min $336.00 + wire/draft fees
Over $500,000 0.0625% Min $300.00 + wire/draft
fees
0.0075% Min $36.00 + wire/draft
fees
0.07% Min $336.00 + wire/draft fees
Inward:
Interest Charge - Local / Foreign Currency N/A N/A
Collection Commission 0.75% Min $25.00 + expenses 0.09% Min $3.00 + expenses 0.84% Min $28.00 + expenses
Exchange Charge - Sight or Tenor
Local / Foreign Currency
At prevailing rate At prevailing rate
Holding Commission:
Up to $10,000 1% Min $25.00 0.12% Min $3.00 1.12% Min $28.00
Over $10,000 0.5% Min $100.00 0.06% Min $12.00 0.56% Min $112.00
Delivery Order Charges 1% Min $25.00 0.12% Min $3.00 1.12% Min $28.00
Sight Bills (commencing month after arrival of
goods)
$25.00 per month or part $3.00 per month or part $28.00 per month or part
Matured / Accepted Bills (commencing month after
arrival of goods)
$25.00 per month or part $3.00 per month or part $28.00 per month or part
Guarantees re Missing Bills of Lading 0.75% Min $25.00 0.09% Min $3.00 0.84% Min $28.00
Shipping Guarantees:
First 3 months or part thereof 0.5% Min $25.00 0.06% Min $3.00 0.56% Min $28.00
Each Additional month 0.5% Min $25.00 0.06% Min $3.00 0.56% Min $28.00
Payments to Agents N/a N/a N/a
Return (of Documents) Charges $25.00 + holding charges $3.00 + holding charges $28.00 + holding charges
Storage of Goods (customs bonds) 1.25% p.a Min $50.00 0.15% p.a Min $6.00 1.40% p.a Min $56.00
Extending due date or altering Tenor of Bill $15.00 $1.80 $16.80
Bills paid in installments $15.00 per installment + holding +
return charges
$1.80 per installment + holding +
return charges
$16.80 per installment + holding +
return charges
Re-shipping of Goods $75.00 + relevant charges $9.00 + relevant charges $84.00 + relevant charges
Endorsement of Shipping Documents as Attorney $10.00 $1.20 $11.20
Endorsement of Parcel Post Notice $10.00 $1.20 $11.20
Certificate of Transfer of Title to Goods N/a N/a N/a
Statement of Past Due Bills N/a N/a N/a
Insurance of Goods $2.00 per $100.00 p.a. payable
monthly
$0.24 per $100.00 p.a. payable
monthly
$2.24 per $100.00 p.a. payable
monthly
Page 17 of 18
CHARGES VAT FINAL CHARGES
(pre -VAT) 12.00% (inc.VAT)
Schedule of Charges
TRADE SERVICES
DOCUMENTARY COLLECTIONS (IMPORT & EXPORT)
Protest Fee $25.00 + legal cost USD 3.00 $28.00 + legal cost
Airmail Charges $2.00 $0.24 $2.24
Bills for Acceptance and Return No charge No charge
Extension / Alteration / Amendments of Bill $25.00 $3.00 $28.00
Letters of undertaking N/a N/a
Remittance of Proceeds by Cable Refer to Sundry Services section Refer to Sundry Services section
Amendments:
First Amendments 1.25% Min $35.00 0.15% Min $4.20 1.40% Min $39.20
Each additional amendment $25.00 $3.00 $28.00
Charges for items sent overseas for collection /
Negotiation
$25.00 $3.00 $28.00
Tracers:
First Tracer $35.00 $4.20 $39.20
Each additional tracer No charge No charge
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Bahamas Dollars unless otherwise stated.
Page 18 of 18