Fees and Charges

Fees and Charges

Although competitive, our fees and charges are designed to suit your pocket. We remain committed to transparency and accountability. Learn more about our rates below.

We continue to ensure that:

  • There is full disclosure of fees, charges and penalties
  • Our account fee structures are simple and transparent
  • Our fees and charges are competitive and affordable

Although competitive, our fees and charges are designed to suit your pocket. We remain committed to transparency and accountability. Learn more about our rates below.

We continue to ensure that:

  • There is full disclosure of fees, charges and penalties
  • Our account fee structures are simple and transparent
  • Our fees and charges are competitive and affordable

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Deposit Services Charges

Charges
Certificate of Balance/Bank Statement
$39.10
Account closed within 3 months
$49.45
Account closed within 6 months
$47.15
Cheques certified at drawer's request
$21.85
Cheques certified at payee's request
$26.45
Dormant notices
$11.50
Third party withdrawal
$23.00
Over the counter transactions that can be done at the ATM (cash withdrawals less than $2,500.00)
$5.50
Commercial cash deposits above $10,000.00
0.15% on the excess amount
Request for transfer
$19.55
Statement request fee (for other banks)
$40.25
Audit confirmations
$74.75
Statement request fee (hard copy)
$17.24
Statement request fee (soft copy)
$11.50
Returned cheques - NSF
$113.85
Returned cheques - other
$34.50
Stop payments - local and foreign
$34.50
Cheque books - 25 leaves
$27.60
Cheque books - 50 leaves
$55.80
Cheque books - 100 leaves
$77.00
Cheque books (Current/Business account)
$0.10 per leaf (stamp duty)
Ledger fees (Current/Business account)
$2.25 per transaction min. $25.00. For overdrafts, $2.25 per transaction min. $28.75
Credit report
$44.85
'Not on us' cheque handling fee
$1.50
Search for physical vouchers
$100.05 per item
Search for electronic vouchers
$28.75 per item
Electronic video image search
$230.00
Copying fee (sundry)
$5.46 per sheet
Certificate of interest for income tax purposes
$56.35
Cash management service
--
Sale of bulk cash
0.5% on all bulk cash $30,000.0+, plus 15% VAT
Account Maintenance Fees (Savings Accounts)
$3.00 per month applied quarterly
Account Maintenance Fees (Chequing Accounts)
$5.00 per month applied quarterly

Payroll Charges

Charges
Manual letters of instructions for salary processing
$19.55
Electronic instructions for salary processing
$7.49
Payroll – Online Portal
$5.75 (VAT Inclusive) PLUS $0.50 per entry

Payments Charges

Charges
Electronic Fund Transfer (In-branch)
$5.24
Electronic Funds Transfer (Online)
$2.00
Original Credit Transactions (OCT)
2.15% on transactions $100.00 and above
Local draft
$17.25 + stamp duty
Foreign draft
$28.88 + stamp duty
Replacement Draft - Local
Stop payment charge - $34.50 + cost of new draft - $17.25 + stamp duty
Replacement Draft - Foreign
Stop payment charge - $34.50 + cost of new draft - $28.88 + stamp duty
Commission on Foreign Drafts (Foreign cheques negotiated)
$9.20
Standing order set-up (one time charge)
$11.50
Standing orders - internal transfer
--
Standing orders - internal transfer to a third party
$17.25
Standing orders - external transfer (local)
$17.25
Standing orders - external transfer (foreign)
$33.35
Letter of instruction to pay third party (wire transfer, Manager's cheque, etc.)
$19.55
Postal money order
$28.75

Wire Transfers Charges

Charges
Outgoing wire transfer - in-branch (USD, CAD, GBP, EUR)
$131.40
Outgoing wire transfer (BBD, ECD)
$51.75
Outgoing wire transfer - in branch (TTD)
$51.75
Outgoing wire transfer - online (USD, CAD, GBP, EUR)
$94.50
Incoming wire transfer (USD)
USD $23.00
Incoming wire transfer (CAD)
CAD $23.00
Incoming wire transfer (GBP)
GBP 11.50
Incoming wire transfer (EUR)
EUR 11.50
Incoming wire transfer (ECD)
TTD $94.00
Incoming wire transfer (ECD)
ECD $23.00
Tracer for outgoing wire transfer
USD $220.00
Recall of outgoing wire transfer
USD $220.00

Bills of Collection Charges

Charges
Collection commission
1% + 15% VAT on the first $25,000 (min. $77.05); and 0.75% + 15% VAT over $25,000
Holding commission (per month, or part thereof)
$86.25 per month or part thereof
Delivery orders
$46.00
Shipping guarantees
$89.70
Payments to agents - local
$31.05
Payments to agents - foreign
$40.25
Altering tenure of bills (extending due date)
$54.05
Bills paid by installments (per installment fee)
$295.55
Endorsing shipping goods (per set)
$103.90
Certificate of transfer of goods title (per set)
$42.55
Insurance of goods (per $100 per month)
$4.14
Protesting fee
$146.05 + solicitors' fees
Discharged bills
$123.05
Cheques sent for collection
$60.95
Air freight guarantee
$72.45
Schedule of outstanding bills
$31.05
Statement of past due bills
$31.05
Reshipping goods
$146.05 + out of pocket expenses
Return charge
$67.85

Lending Charges

Charges
New Retail Loans: Minimum $1,000 and Upwards
1% of the loan amount plus 15% V.A.T. or a min. of $431.25
New Commercial Loans: Minimum $1,000 and Upwards
1.25% of the loan amount plus 15% V.A.T. or a min. of $475.00
Refinancing of current Retail Facilities
1% of the additional amount plus 15% V.A.T. or a min. of $431.25
Refinancing of current Commercial Facilities
1.25% of the additional amount plus 15% V.A.T. or a min. of $475.00
Addition to loan (due to insurance premium payment)
1% of the additional funds disbursed + 15% VAT (min. $431.25)
Addition to loan (due to valuation scheduling)
0.5% of the valuation fee + 15% VAT (min. $230.00)
Consolidating and restructuring current facilities
0.5% of the full amount + 15% VAT
Restructuring, rehabilitating or modifying delinquent facilities
0.5% of the full loan amount + 15% VAT
Statement of interest paid
$56.35
Commitment fee
0.5% of any undrawn portion of an approved loan (commitment loan) plus 15% V.A.T.
Photocopy of security documents (first copy free)
$57.50 per document
Searches in security file
$31.05
Loan statements
$31.05
Annual O/D renewal fee
1% of current O/D limit plus 15% VAT (min. $431.25)
Overdrawn PCAs
$20.00 - Min. Interest
Excess of overdraft limit
$28.75 per cheque + 2% interest (min. $31.05)
Unauthorized excess of overdraft limit
Min. 2% over prevailing rate
Stamp Duty (e.g. guarantee and hold funds forms)
$1.50
Late Payment Fee (10 days after due date)
$60.00
Late financial statement fee (4 months after end of financial year end)
$313.95 per month for every month outstanding
Early loan repayment penalty (pay-off of mortgages only, by other financial institution)
For mortgage loans only. Six (6) months interest payable on the scheduled amortized balance at the point of pay-off.

Bonds and Guarantees Charges

Charges
Guarantees/performance and custom bonds
2% per annum + 15% VAT for the first $50,000; and 1% on excess + 15% VAT (min. $318.55)
Non-production of bill of lading
$141.45
Guarantees/bonds, indemnities (without full cash collateral)
2% per annum + 15% VAT for the first $50,000; and 1% on excess plus 15% VAT (min. $203.55)
Guarantees/performance and custom bonds (with full cash collateral)
2% per annum + 15% VAT for the first $50,000; and 1% on excess + 15% VAT (min. $203.55)

Security Services and Safe Deposit Boxes Charges

Charges
Lost/broken key
$134.55
Disposable wallets (per bag)
$1.25
Disposable wallet - annual fee
$192.05
Safe deposit box - 1.5"x5" (annually)
$163.75
Safe deposit box - 3"x5" (annually)
$192.50
Safe deposit box - 5"x5" (annually)
$270.00
Safe deposit box - 10"x10" (annually)
$337.50
Replacement of lock/broken key
$134.55 + cost of repairs
Box drilling
$200.05 + cost of drilling
Visits (4 free visits annually)
$19.55 per additional visit

Card and Merchant Services Charges

Charges
Debit card transaction fee - CONNEX ATM
$0.99
Debit card transaction fee - CONNEX point of sale terminal
$0.99
'Not on us' transactions - ATM
$9.05
Debit card annual fee
$24.56
Debit card replacement fee
$37.95
Debit card transaction charge back fee
$22.41
Debit card - Online Charge
$0.99
Debit card rush order fee
$28.75
Annual cardholder fee - Standard Credit Card (Principal cardholder)
$115.00
Annual cardholder fee - Standard Credit Card (Each additional cardholder)
$57.50
Annual cardholder fee - Premium Credit Card (Principal cardholder)
$172.50
Annual cardholder fee - Premium Credit Card (Each additional cardholder)
$86.25
Annual cardholder fee - Corporate Credit Card (first employee for first year)
$400.00
Annual cardholder fee - Corporate Credit Card (first employee for each subsequent year)
$200.00
Annual cardholder fee - Corporate Credit Card (each additional employee)
$200.00
Credit card cash advance
2.15% of the advance amount (min. $11.50)
Charges in excess of credit card limit (per occurrence)
$32.00
Late payment fee
3% of minimum amount due for any billing period (min. $22.00)
Limit Increase
$35.00
Emergency Card Service
$50.00
Credit card replacement fee
$37.95
Merchant discount fee - each debit card transaction completed at terminal
3.00%-4.50% of the transaction value charged to the merchant + 15% VAT
Merchant transaction fee - credit card transactions
3.35% per transaction
User fee - manual point of sale terminals
$402.00
User fee - wireless point of sale terminals
$402.00
POS Rolls
$1.82 (VAT INCLUSIVE) per roll. $5.46 for a pack of three (3)
Damaged POS
Age – <2 years: $778.09 Age – 3-4 years: $518.72 Age – 5-7 years: $259.3 Age – 7+: No Fee
Non-Connex Cards at Connex ATMs
$8.10 per transaction
Registration fees - merchant set-up and parameter entry (one time set-up of merchant account)
$442.75
Authorization fee
--
Merchant rate
4.00%-5.75% of card transaction value
Merchant annual fee
$115.00
Merchant charge back fee (per item)
$5.98

Electronic Banking Charges

Charges
Alerts - email and text
--
Availability fee
--
Payments to utilities, other parties
--
Budgeting analytics
--
Business/Corporate/Small Business package
--
Payments to utilities, other parties
2% or flat fee per account or invoice + 15% VAT

Citizenship by Investment Program Charges

Charges
Deposits to accounts
1% plus 15% VAT on every deposit made to CBI accounts
Outgoing wire transfers, drafts, etc.
Regular bank charges apply; customer exempt from 0.5% commission charged for wire transfers from USD accounts
Closing accounts
--

Other Fees and Charges

Charges
Paying agent orders - payments totaling up to ECD $3M (per year)
$1,725.00
Paying agent orders - payments totaling between ECD $3M-$10M (per year)
$2,070.00
Paying agent orders - payments totaling above EC $10M (per year)
$2,415.00
Share transactions - Service fees
$28.75
Share transactions - collateral/security usage of shares
$115.00
Share transfers
$1.50 stamp duty
Letters of credit - confirmation (clean)
2% per annum of the L/C value (min. ECD $940.00)
Letters of credit - deferred payment/acceptance of commission (clean)
2% per annum of the deferred payment value (min. ECD $940.00)
Letters of credit - confirmation (cash covered)
1% per annum of the L/C value (min. ECD $940.00)
Letters of credit - payment
0.15% of the document value (min. ECD $820.00)
Letters of credit - advising
$650.00
Letters of credit - SWIFT messages
$131.40 per presentation
Letters of credit - discrepancy fee
$325.00 per presentation
Letters of credit - amendment
$325.00 per amendment
Letters of credit - courier (international)
$162.00 per consignment