Personal Banking Jamaica

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Schedule of Charges

JAMAICA

Personal Banking

Effective: October 17, 2023

Last Updated: February 12, 2024

Page 1 of 28
Schedule of Charges
CONTENTS

1 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY

2 PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

3 SUNDRY SERVICES

4 LENDING AND CARD SERVICES

5 CORPORATE SERVICES

6 TRADE SERVICES

Page 2 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)
Chequing Accounts (Product code 22 & 104)
Monthly Service Fee JMD 643.78 JMD 96.57 JMD 740.35
Transactions Fees: In Branch/Over-The-Counter
Free Debits per month 0 0
Debits/Withdrawals fee (after free debits) JMD 214.59 JMD 32.19 JMD 246.78
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Money Multiplier Accounts* (Product code 7)

Average Balance to avoid monthly service fee JMD 150,000.00 - JMD 150,000.00
Monthly Service Fee JMD 429.18 JMD 64.38 JMD 493.56
Transactions: In Branch/Over-The-Counter
Free Debits per month 4 4
Debits/Withdrawals fee (after free debits) JMD 128.76 JMD 19.31 JMD 148.07
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Chequing Plus Accounts (Product code 722)


Average Balance to avoid monthly service fee JMD 150,000.00 - JMD 150,000.00
Monthly Service Fee JMD 429.18 JMD 64.38 JMD 493.56
Transactions: In Branch/Over-The-Counter
Free Debits per month 4 4
Debits/Withdrawals fee (after free debits) JMD 128.76 JMD 19.31 JMD 148.07
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Platinum Chequing Accounts (Product code 789)


Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee Nil Nil
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Regular Savings Accounts (Product code 33)


*Monthly Service Fee JMD 257.51 JMD 38.63 JMD 296.14
Transactions: In Branch/Over-The-Counter
Free Debits per month Nil Nil
Debits/Withdrawals fee JMD 98.71 JMD 14.81 JMD 113.52
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free
* New Regular Savings accounts: Monthly service Fee waived for the first 4 months.

Page 3 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)

Savings Plus Accounts (Product code 697 &


725)
Average Balance to avoid monthly service fee JMD 100,000.00 - JMD 100,000.00
Monthly Service Fee JMD 343.35 JMD 51.50 JMD 394.85
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) JMD 171.67 JMD 25.75 JMD 197.42
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Direct Banking Accounts (Product code 154)


Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee JMD 0.00 JMD 0.00 JMD 0.00
Transactions: In Branch/Over-The-Counter
Free Debits per month Nil Nil
Debits/Withdrawals fee JMD 626.56 JMD 93.98 JMD 720.54
Free Credits per month Nil Nil
Credits/Deposits fee JMD 626.56 JMD 93.98 JMD 720.54

Bank@Work Accounts (Product code 819)


Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee JMD 0.00 JMD 0.00 JMD 0.00
Transactions: In Branch/Over-The-Counter
Free Debits per month 10 10
Debits/Withdrawals fee (after free debits) JMD 85.10 JMD 12.77 JMD 97.87
Free Credits per month Nil Nil
Credits/Deposits fee Free Free

Bank@School Accounts (Product code 798)


Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

SureStart (Junior) Accounts (Product code


175)
Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 4 4
Debits/Withdrawals fee (after free debits) JMD 51.50 JMD 7.73 JMD 59.23
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Page 4 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)
See Sundry Services Section for Applicable ABM charges

Page 5 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - LOCAL CURRENCY
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)

Seniors Chequing Accounts (Product code


170)
Average Balance to avoid monthly service fee JMD 50,000.00 - JMD 50,000.00
Monthly Service Fee JMD 105.58 JMD 15.84 JMD 121.42
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Seniors Savings Accounts (Product code 44)


Average Balance to avoid monthly service fee N/A - N/A
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Building Society Home Savings Plan Accounts (Product Code 910)


Early Redemption (breaking deposit)
a) Less than 30 days No Interest Paid No Interest Paid
b) Over 30 days - less than scheduled maturity
Interest paid will be Interest paid will be
date
equal to the standard equal to the standard
interest rate paid on an interest rate paid on an
*When calculating a client's interest the actual
equivalent balance 30 equivalent balance 30
number of days the deposit
day fixed deposit, at day fixed deposit, at
was held, should be used
the time of booking. the time of booking.

Transfer to another internal account on maturity Free Free


Transfer to another institution on maturity JMD 134.12 JMD 20.12 JMD 154.24

Fixed Deposit Accounts


Transfer to another internal account on maturity Free Free
Transfer to another institution on maturity JMD 134.12 JMD 20.12 JMD 154.24

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 Jamaican Dollars unless otherwise stated.

Page 6 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)
UNITED STATES DOLLAR (USD)
USD Chequing Accounts (Product code 24)

Average Balance to avoid monthly service fee N/A - N/A


Non-Sufficient Funds USD 32.77 USD 4.92 USD 37.69
Charge backs - (items returned to us by
USD 28.33 USD 4.25 USD 32.58
another bank)
Monthly Service Fee USD 45.92 USD 6.89 USD 52.81
Transactions: In Branch/Over-The-Counter
Free Debits per month Nil Nil
Debits/Withdrawals fee USD 1.72 USD 0.26 USD 1.97
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

USD Savings Accounts (Product code 37)


Monthly Service Fee USD 2.15 USD 0.32 USD 2.47
Charge backs - (items returned to us by
USD 25.75 USD 3.86 USD 29.61
another bank)
Transactions: In Branch/Over-The-Counter
Free Debits per month 5 5
Debits/Withdrawals fee (after free debits) USD 2.15 USD 0.32 USD 2.47
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

USD DICA Accounts (Product code 15)


Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds USD 32.77 USD 4.92 USD 37.69
Charge backs - (items returned to us by
USD 28.33 USD 4.25 USD 32.58
another bank)
Monthly Service Fee USD 1.72 USD 0.26 USD 1.97
Transactions: In Branch/Over-The-Counter
Free Debits per month 1 1
Debits/Withdrawals fee (after free debits) USD 0.86 USD 0.13 USD 0.99
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

USD Vision Accounts (Product code 156)


Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds USD 32.77 USD 4.92 USD 37.69
Charge backs - (items returned to us by
USD 28.33 USD 4.25 USD 32.58
another bank)
Monthly Service Fee USD 1.72 USD 0.26 USD 1.97
Transactions: In Branch/Over-The-Counter
Free Debits per month 1 1
Debits/Withdrawals fee (after free debits) USD 0.86 USD 0.13 USD 0.99
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Page 7 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

USD Senior Saver Savings Accounts (Product code 46)


Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
USD 25.75 USD 3.86 USD 29.61
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 1 1
Debits/Withdrawals fee (after free debits) USD 0.86 USD 0.13 USD 0.99
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Money Multiplier USD (Product code 13)


Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds USD 32.77 USD 4.92 USD 37.69
Charge backs - (items returned to us by
USD 28.33 USD 4.25 USD 32.58
another bank)
Monthly Service Fee USD 1.72 USD 0.26 USD 1.98
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Building Society USD Savings Accounts (Product code 683)


Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
USD 25.75 USD 3.86 USD 29.61
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 1 1
Debits/Withdrawals fee (after free debits) USD 0.86 USD 0.13 USD 0.99
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

CANADIAN DOLLAR (CAD)


CAD Chequing Accounts (Product code
23)
Average Balance to avoid monthly service fee N/A - N/A
Non-Sufficient Funds CAD 46.81 CAD 7.02 CAD 53.83
Charge backs - (items returned to us by
CAD 9.44 CAD 1.42 CAD 10.86
another bank)
Monthly Service Fee CAD 5.79 CAD 0.87 CAD 6.66
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) CAD 2.58 CAD 0.39 CAD 2.96
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Page 8 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

CAD Savings Accounts (Product code 35)


Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
CAD 8.58 CAD 1.29 CAD 9.87
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) CAD 1.72 CAD 0.26 CAD 1.97
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

CAD DICA Accounts (Product code 12)


Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds CAD 46.81 CAD 7.02 CAD 53.83
Charge backs - (items returned to us by
CAD 9.44 CAD 1.42 CAD 10.86
another bank)
Monthly Service Fee CAD 5.79 CAD 0.87 CAD 6.66
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) CAD 1.72 CAD 0.26 CAD 1.97
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

CAD Money Multiplier (Product code 10)


Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds CAD 46.81 CAD 7.02 CAD 53.83
Charge backs - (items returned to us by
CAD 9.44 CAD 1.42 CAD 10.86
another bank)
Monthly Service Fee CAD 5.79 CAD 0.87 CAD 6.66
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) CAD 1.72 CAD 0.26 CAD 1.97
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

Page 9 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)
CAD Senior Saver Accounts (Product code 45)
Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
CAD 8.58 CAD 1.29 CAD 9.87
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) CAD 1.72 CAD 0.26 CAD 1.97
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free

POUND STERLING (GBP)


GBP Savings Accounts (Product code 39)
Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
GBP 4.29 GBP 0.64 GBP 4.94
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) GBP 0.64 GBP 0.10 GBP 0.74
Free Credits per month 2 2
Credits/Deposits fee (after free credits) GBP 0.64 GBP 0.10 GBP 0.74

GBP Senior Saver Accounts (Product code


47)
Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
GBP 4.29 GBP 0.64 GBP 4.93
another bank)
Monthly Service Fee Free Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) GBP 0.64 GBP 0.10 GBP 0.74
Free Credits per month 2 2
Credits/Deposits fee (after free credits) GBP 0.64 GBP 0.10 GBP 0.74

GBP DICA Accounts (Product code 16 &


18)
Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds GBP 10.64 GBP 1.60 GBP 12.24
Charge backs - (items returned to us by
GBP 4.72 GBP 0.71 GBP 5.43
another bank)
Monthly Service Fee GBP 5.85 GBP 0.88 GBP 6.72
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) GBP 0.64 GBP 0.10 GBP 0.74
Free Credits per month 2 2
Credits/Deposits fee (after free credits) GBP 0.64 GBP 0.10 GBP 0.74

Page 10 of 28
Schedule of Charges
PERSONAL DEPOSIT AND TRANSACTION ACCOUNTS - FOREIGN CURRENCY

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

EURO DOLLARS (EUR)


EUR Savings Account (Product code 690)
Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
EUR 4.29 EUR 0.64 EUR 4.93
another bank)
Monthly Service Fee Free - Free
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) EUR 0.85 EUR 0.13 EUR 0.98
Free Credits per month 2 2
Credits/Deposits fee (after free credits) EUR 0.43 EUR 0.06 EUR 0.49

DEUTSCHE MARK (DEM)


DEM DICA Personal Account (Product codes 9 & 19)
Average Balance to avoid monthly service
N/A - N/A
fee
Non-Sufficient Funds DEM 25.53 DEM 3.83 DEM 29.36
Charge backs - (items returned to us by
DEM 14.16 DEM 2.12 DEM 16.29
another bank)
Monthly Service Fee DEM 5.67 DEM 0.85 DEM 6.51
Transactions: In Branch/Over-The-Counter
Free Debits per month 2 2
Debits/Withdrawals fee (after free debits) DEM 1.18 DEM 0.18 DEM 1.35
Free Credits per month 2 2
Credits/Deposits fee (after free credits) DEM 1.18 DEM 0.18 DEM 1.35

DEM Savings Account (Product code 41)


Average Balance to avoid monthly service
N/A - N/A
fee
Charge backs - (items returned to us by
DEM 12.88 DEM 1.93 DEM 14.81
another bank)
Monthly Service Fee Free - Free
Transactions: In Branch/Over-The-Counter
Free Debits per month Unlimited Unlimited
Debits/Withdrawals fee (after free debits) Free Free
Free Credits per month Unlimited Unlimited
Credits/Deposits fee (after free credits) Free Free
Notes:
1. * - Product/Service Not offered to new clients

Page 11 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)
ONLINE BANKING AND MOBILE APP
Monthly Access Fee Free Free
1st Insights Free Free

WIRE TRANSFERS
International Outgoing Wire Transfers (local
Online Branch Online Branch Online Branch
equivalent):
$1 to $99,999.99 JMD 2,366.09 ########### JMD 354.91 ######### JMD 2,721.00 JMD 6,797.27
$100,000 and Over JMD 2,366.09 ########### JMD 354.91 ######### JMD 2,721.00 JMD 6,797.27
1st Send Wire Transfer
$1 to $68,315.00 JMD 1,366.09 n/a JMD 204.91 n/a JMD 1,571.00 n/a
$68,315.01 to $1,350,000.00 JMD 2,011.30 n/a JMD 301.70 n/a JMD 2,313.00 n/a
International Incoming Wire Transfers
To credit an account at one of our branches JMD 3,181.54 JMD 477.23 JMD 3,658.77
To credit an account held at other local banks J$3,181.54 + Draft/RTGS fee JMD 477.23 J$3,658.77 + Draft/RTGS fee
Payable on presentation of Photo Identification:
- JMD JMD 3,181.54 JMD 477.23 JMD 3,658.77
- USD/CAD USD/CAD $17.17 USD/CAD $2.56 USD/CAD $19.75
- GBP £15.45 £2.32 £17.77
- EUR € 12.88 € 1.93 € 14.81
Local / Regional Transfers
Outgoing
To an account held at other local banks via RTGS
JMD 40.70 JMD 93.04 JMD 6.11 JMD 13.96 JMD 46.81 JMD 107.00
(local currency transactions only)
To an account held at one of our regional branches JMD 1,630.90 ########### JMD 244.64 ######### JMD 1,875.54 JMD 3,948.50
ACH Fee: Large Value Items - J$1 Million & Over JMD 5,000.00 JMD 750.00 JMD 5,750.00
Incoming
Received from an account held at other local banks via
JMD 93.04 JMD 13.96 JMD 107.00
RTGS (local currency transactions only)
Returned Wire Payments: Incoming and Outgoing USD 40.00 USD 6.00 USD 46.00
USD $35 + Foreign Bank USD $40.25 + Foreign Bank
Tracers on Wire Transfers USD $5.25
charges charges
USD $30 + Foreign Bank USD $34.50 + Foreign Bank
Cancelled Wire USD $4.50
charges charges

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 12 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)

DRAFTS
Local Draft (Manager's Cheque) - Client JMD 525.00 JMD 78.75 JMD 603.75
Local Draft (Manager's Cheque) - Non-Client JMD 1,201.72 JMD 180.26 JMD 1,381.98
J$5,000. 00 Handling Fee J$750.00 J$5,750. 00 Handling Fee
Local Draft (Manager's Cheque) over J$1 million -
J$525.00 Draft fee J$78.75 J$603.75 Draft fee
Client
J$ 5,525.00 J$ 828.75 J$ 6,353.75 TOTAL
J$6,201.72 Handling Fee J$ 930.26 J$7,131.98 Handling Fee
Local Draft (Manager's Cheque) over J$1 million - Non-
J$1,201.72 Draft fee J$ 180.26 J$1,381.98 Draft fee
Client
J$ 7,403.44 J$ 1,110.52 J$ 8,513.96 TOTAL
USD Draft - drawn on a local Bank JMD 3,600.00 JMD 540.00 JMD 4,140.00
J$1,613.73 Handling Fee J$ 242.06 J$1,855.79 Handling Fee
USD Draft - drawn on a foreign Bank J$4,886.27 Draft fee J$ 732.94 J$5,619.21 Draft fee
J$6,500.00 J$ 975.00 J$7,475.00 TOTAL

Other Foreign Currency Draft paid in local currency JMD 3,600.00 JMD 540.00 JMD 4,140.00

1.073% Min J$ 1,613.73 0.161% Min J$ 242.06 1.234% Min J$1,855.79


Handling Fee Handling Fee
Other Foreign Currency Draft paid in foreign currency
J$4,886.27 Draft fee $732.94 J$ 5,619.21 Draft Fee
1.073% Min J$ 6,500.00 0.161% Min J$ 975.00 1.234% Min J$ 7,475.00
Tracers on Local Drafts (plus costs) USD 25.75 USD 3.86 USD $29.61 + Costs
Tracers on Foreign Drafts (plus costs) USD 25.75 USD 3.86 USD $29.61 + Costs
Stop Payment on Local Drafts (plus costs) JMD 340.43 JMD 51.06 J$391.49 + Costs
Stop Payment on Foreign Drafts
USD 42.92 USD 6.44 USD 49.36
(includes foreign bank charges)

Duplicate / Replacement Drafts - Local drafts - Client JMD 1,030.04 JMD 154.51 JMD 1,184.55

Duplicate / Replacement Drafts - Local drafts - Non-


JMD 1,287.55 JMD 193.13 JMD 1,480.69
Client
Duplicate / Replacement Drafts - Foreign drafts JMD 1,716.74 JMD 257.51 JMD 1,974.25

STANDING ORDERS
Set-up - Local currency JMD 257.51 JMD 38.63 JMD 296.14
$0.387 units of resp. 2.97 units of resp. currency eg.
Set-up - Foreign currency $2.58 units of resp. currency
currency USD 2.97/GBP 2.97
Amendment - Local currency JMD 169.96 JMD 25.49 JMD 195.45
Amendment - Foreign currency USD 1.72 USD 0.26 USD 1.97
Internal Standing Orders
Between accounts JMD 300.43 JMD 45.06 JMD 345.49
To make a loan payment or pay annual fees for a bank
Free Free
service
To transfer funds LOCALLY JMD 954.19 JMD 143.13 JMD 1,097.32
To transfer funds LOCALLY via Local RTGS Wire JMD 703.16 JMD 105.47 JMD 808.63

To transfer funds OVERSEAS J$429.18 + Draft/wire fee J$64.38 J$493.56 + draft/wire fee

Charge of order cannot be processed JMD 343.35 JMD 51.50 JMD 394.85

Page 13 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)
BILL PAYMENT
Via Online Free Free Free
Via the ABM Free Free
Via Standing Order (bills are sent to bank for payment) JMD 317.60 JMD 47.64 JMD 365.24
Via Direct Debit (Pre-Authorized Payment) JMD 214.59 JMD 32.19 JMD 246.78

TRANSFER BETWEEN ACCOUNTS


By customer via our ABM or Online banking Free Free
By us on written/faxed/telephoned instructions
JMD account JMD 858.37 JMD 128.76 JMD 987.13
USD account USD $3.13 USD $0.47 USD $3.60
CAD account CAD 3.00 CAD 0.45 CAD 3.45
GBP account GBP 2.15 GBP 0.32 GBP 2.47
EUR account EUR 2.58 EUR 0.39 EUR 2.96
Transfer between overdrawn accounts JMD 858.37 JMD 128.76 JMD 987.13
Transfer to a third party account JMD 858.37 JMD 128.76 JMD 987.12

CHEQUE RELATED
Cheque Books (all styles) Cost
Stop payment on a local cheque (all reasons) JMD 386.27 JMD 57.94 JMD 444.21

Stop payment on a foreign cheque (all reasons) USD 42.92 USD 6.44 USD 49.36 + foreign bank chg

Charge backs - (items returned to us by another bank)


Local Cheque JMD 686.70 JMD 103.00 JMD 789.70
Foreign Cheques (add foreign Bank Charge to the
below fee)
USD account USD $24.55 USD $3.68 USD $28.23
CAD account CAD 28.33 CAD 4.25 CAD 32.57
GBP account GBP 17.00 GBP 2.55 GBP 19.55
EUR account EUR 17.00 EUR 2.55 EUR 19.55
Travellers Cheques cashed in JMD 86.00 JMD 12.90 JMD 98.90
Non-Sufficient Funds (return cheque charge) JMD 1,115.88 JMD 167.38 JMD 1,283.26
PAP (Pre-Approved Payment) Initiation JMD 686.70 JMD 103.00 JMD 789.70
Cheque recalled at customer's request JMD 429.18 JMD 64.38 JMD 493.56
Encashing CIBC FCIB cheques - Client JMD 103.00 JMD 15.45 JMD 118.45
Encashing CIBC FCIB cheques - Non-Client JMD 128.76 JMD 19.31 JMD 148.07
Encashing other banks cheques - Client JMD 128.76 JMD 19.31 JMD 148.07
Encashing other banks cheques - Non-Client JMD 171.67 JMD 25.75 JMD 197.42
Foreign Cheque Processing Fee JMD 496.34 JMD 74.45 JMD 570.79

Page 14 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)
CASH HANDLING FEES
Charges for foreign currency transactions where same
1.073% + Cost of Draft 0.161% 1.234% + Cost of Draft
currency tendered as for that being purchased
0.258% : Customers 1.97% Min $600: Customers
1.717% Min $600 : Customers
3.94% Min $1,000 :- Non-
Coin Handling (exchanging for Bills over J$1000) 3.43% Min $1,000:- Non-
0.515% :- Non-Customers Customers
Customers
0.99% Min $600: Customers
0.858% Min $600 : Customers 0.129% : Customers
0.99% Min $1,000 :- Non-
Cash Holdling (exchanging for Bills over J$1000) 0.858% Min $1,000:- Non- 0.129% :- Non-Customers
Customers
Customers
Foreign Cash Deposit Fees:
>> Daily Threshold Limit - Equiv USD $500.00
>> Monthly cap - Equiv USD $10,000.00
2.30% on amounts in any foreign
Deposit Fees 2.000% 0.300% currency above the daily
threshold
Cash Deposits**:
Fee for depositing cash via Night Wallet Service
Up to J$1,000,000 Free Free
J$3.04 per every $1,000 on the
Above J$1,000,000 JMD 2.64 JMD 0.40
total daily deposit
Fee for cash deposits to Business accounts via CIBC Branches (per group):
J$3.40 per every $1,000 on the
Fee for depositing cash in-Branch JMD 2.96 JMD 0.44
total amount deposited
**Equivalent fee charged for foreign currency accounts. Fee is inclusive of all coin and foreign currency deposited.

ABM
New issue/replacement of expired or stolen card Free Free
Replacement of lost card JMD 600.86 JMD 90.13 JMD 690.99
Transactions at CIBC ABM
ABM Deposits Free Free
ABM Withdrawals Free Free
Declines Free Free
Balance Enquiry Free Free
**Mini-statement Print Free Free
Transactions at Otherbank ABM (multilink)
Withdrawals JMD 51.50 JMD 7.73 JMD 59.23
Declines JMD 25.75 JMD 3.86 JMD 29.61
Balance Enquiry JMD 25.75 JMD 3.86 JMD 29.61
Point of Sale Purchases JMD 13.73 JMD 2.06 JMD 15.79
Point of Sale Declines JMD 12.88 JMD 1.93 JMD 14.81
Request a copy of ABM video photograph JMD 522.75 JMD 78.41 JMD 601.16

STATEMENTS
Mailed/Regular/diary filled statement Free Free
Duplicate/Additional/Interim statement (each) JMD 557.94 JMD 83.69 JMD 641.63
Screen print/photocopy (per page) JMD 257.51 JMD 38.63 JMD 296.14
Held for Collection at the Branch (per month) JMD 1,406.25 JMD 210.94 JMD 1,617.19
E-statement:
Set Up No Charge No Charge
Monthly Subscription Fee (to be collected via standing order)
Daily files USD50.00 / account USD 7.50 USD 57.50
Weekly Files USD20.00 / account USD 3.00 USD 23.00
Monthly Files USD15.00 / account USD 2.25 USD 17.25

Page 15 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)
Transaction Fee No charge No Charge

Page 16 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)

ACCOUNT CLOSURE
Within 90 days
JMD account JMD 1,716.74 JMD 257.51 JMD 1,974.25
USD account USD $8.58 USD $1.29 USD $9.87
CAD account CAD 8.58 CAD 1.29 CAD 9.87
GBP account GBP 8.58 GBP 1.29 GBP 9.87
EUR account EUR 8.58 EUR 1.29 EUR 9.87
Within 180 days Free Free

DORMANCY PROTECTION
Initial Notice
No Charge No Charge
(when account goes dormant after 2 years of inactivity)
Annual Notice thereafter No Charge No Charge
Reactivation No Charge No Charge
Transfer to Central Bank (after 15 years of inactivity) No Charge No Charge

RESEARCH
Where vouchers are held at local branch Free Free
Same Month (within 30 days of last statement)
1-5 Vouchers / Items JMD 461.65 JMD 69.25 JMD 530.90
Each additional Voucher / Item JMD 171.67 JMD 25.75 JMD 197.42
Up to 3 months
1-5 Vouchers / Items JMD 633.33 JMD 95.00 JMD 728.33
Each additional Voucher / Item JMD 257.51 JMD 38.63 JMD 296.14
Over 3 months and up to 7 Years
1-5 Vouchers / Items JMD 1,312.92 JMD 196.94 JMD 1,509.86
Each additional Voucher / Item JMD 257.51 JMD 38.63 JMD 296.14

SAFETY DEPOSIT BOXES

Annual (Rental) Fees

Small (1.5 x 5 x 24) JMD 1,287.55 JMD 193.13 JMD 1,480.69


Medium (2.5 x 5 x 24) JMD 2,145.92 JMD 321.89 JMD 2,467.81
Large (5 x 5 x 24) JMD 2,575.11 JMD 386.27 JMD 2,961.37

Large (5 x 10.5 x 24) JMD 2,625.11 JMD 393.77 JMD 3,018.88

Large (10 x 10 x 24) JMD 3,500.00 JMD 525.00 JMD 4,025.00

Annual fee less outstanding Annual fee less outstanding


**Refund of Annual Rental Fee (box closed before year end)
charges & taxes charges & taxes

Number of free visits Unlimited Unlimited


Each additional visit per month Free Free
Forced entry / Drilling of Box JMD 1,050.00 JMD 157.50 J$1207.5 + expenses

Listing of contents JMD 437.55 JMD 65.63 J$503.18 per hour or part thereof

Page 17 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)

SAFEKEEPING AND SECURITIES


Annual (Rental) Fees
Sealed envelopes
Small JMD 765.96 JMD 114.89 JMD 880.85
Large JMD 1,531.92 JMD 229.79 JMD 1,761.70
Sealed Boxes/Packages
Small JMD 2,553.19 JMD 382.98 JMD 2,936.17
Large JMD 2,978.72 JMD 446.81 JMD 3,425.53
Locked boxes, trunks, etc (per entry) JMD 160.94 JMD 24.14 JMD 185.08
Stocks, debentures, share certificates, Deeds, treasury
JMD 1,276.60 JMD 191.49 JMD 1,468.08
bills safekeeping
Other Fees
Number of free visits Nil Nil
Each additional visit per month JMD 160.94 JMD 24.14 JMD 185.08
Bankers Acceptances - Draft JMD 437.55 JMD 65.63 JMD 503.18

MISCELLANEOUS SERVICES
Audit Certificate
Current Year - cost per certificate JMD 2,489.27 JMD 373.39 JMD 2,862.66
Current Year - cost per hour for detailing securities JMD 723.40 JMD 108.51 JMD 831.91
Certificate/Confirmation of balance
Local currency accounts J$1,617.02 J$242.56 J$1,859.58
Foreign currency accounts USD $14.59 USD $2.19 USD $16.78
Certificate of interest Paid JMD 1,021.28 JMD 153.19 JMD 1,174.47
Reference Letters JMD 2,145.92 JMD 321.89 JMD 2,467.81
Fax sent/received for a customer
Local JMD 127.66 JMD 19.15 JMD 146.81
Out of Town JMD 105.15 JMD 15.77 JMD 120.92
Overseas JMD 175.11 JMD 26.27 JMD 201.38
Signature verification Free Free
Insurance on Registered Mail Cost Cost
Photocopying documents (per sheet) JMD 257.51 JMD 38.63 JMD 296.14
Letter of Undertaking JMD 4,721.03 JMD 708.15 JMD 5,429.18
Credit information services – Fee JMD 1,745.00 JMD 261.75 JMD 2,006.75
Credit information services – commission JMD 350.00 JMD 52.50 JMD 402.50
Verification of CSV on life insurance policy JMD 306.22 JMD 45.93 JMD 352.15
Verification of cheques and balances by telephone JMD 85.84 JMD 12.88 JMD 98.72
Duplicate passbooks JMD 400.00 JMD 60.00 JMD 460.00
No Book transactions JMD 128.76 JMD 19.31 JMD 148.07
Hold (all) Mail–where nothing is mailed to client (per
JMD 1,406.25 JMD 210.94 JMD 1,617.19
month)

Page 18 of 28
Schedule of Charges
SUNDRY SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.0% (inc.GCT)

Securities Documentation Fees


Guarantee Bonds JMD 700.00 JMD 105.00 JMD 805.00
Postponement of Claim JMD 700.00 JMD 105.00 JMD 805.00
Satisfaction of Bills of Sale - Individual JMD 830.04 JMD 124.51 JMD 954.55
Satisfaction of Bills of Sale - Corporate JMD 1,043.48 JMD 156.52 JMD 1,200.00
Hypothecations of bank account JMD 1,045.06 JMD 156.76 JMD 1,201.82
FEX Loan Agreements JMD 389.48 JMD 58.42 JMD 447.90
Assignment of Life Insurance JMD 652.58 JMD 97.89 JMD 750.47
Release of Life Insurance JMD 610.09 JMD 91.51 JMD 701.60
Insurance processing fees - requests for confirmation
JMD 858.37 JMD 128.76 JMD 987.13
of renewal
Lodgment of Caveats JMD 1,305.15 JMD 195.77 JMD 1,500.92
Withdrawal of Caveats JMD 870.39 JMD 130.56 JMD 1,000.95
General Searches JMD 870.39 JMD 130.56 JMD 1,000.95
Caveat Searches JMD 1,305.15 JMD 195.77 JMD 1,500.92
Company Searches JMD 825.11 JMD 123.77 JMD 948.88
Title Searches JMD 700.00 JMD 105.00 JMD 805.00
Surrender of Title JMD 1,305.15 JMD 195.77 JMD 1,500.92
Verification of CSV on life insurance policy JMD 566.09 JMD 84.91 JMD 651.00
Bills of Sale (Individual)
Up to 9,999 JMD 177.04 JMD 26.56 JMD 203.60
10,000 to 39,999 JMD 260.73 JMD 39.11 JMD 299.84
40,000 to 74,999 JMD 347.00 JMD 52.05 JMD 399.05
75,000 to 199,999 JMD 609.01 JMD 91.35 JMD 700.36
200,000 to 399,999 JMD 1,734.98 JMD 260.25 JMD 1,995.23
400,000 to 599,999 JMD 2,259.01 JMD 338.85 JMD 2,597.86
600,000 to 799,999 JMD 3,037.98 JMD 455.70 JMD 3,493.68
800,000 & over JMD 3,909.01 JMD 586.35 JMD 4,495.36

Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Jamaican Dollars unless otherwise stated.

Page 19 of 28
Schedule of Charges
LENDING AND CARD SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)
CREDIT REPORTS
Credit Reference
JMD 2,600.86 JMD 390.13 JMD 2,990.99
(fee for providing Credit reference for clients)
Credit Bureau report - INDIVIDUAL
JMD 2,313.75 JMD 347.06 JMD 2,660.81
(fee for pulling a credit report through the Credit Bureau)

Credit Bureau report - BUSINESS


JMD 2,313.75 JMD 347.06 JMD 2,660.81
(fee for pulling a credit report through the Credit Bureau)

OVERDRAFTS
Set up/Annual Renewal Fee: ACA & Temporary
2.00% Min $5,150 0.30% 2.30% Min $5922.50
Overdrafts
0.99% Mini
Excess Overdraft Fee (in addition to encroachment rate) 0.858% Min $2,145.92 0.129%
$2,467.81
Unauthorized Overdraft Fee (in addition to encroachment
1.717% Min $2,145.92 0.258% 1.97% Min $2,467.81
rate)
Note: Overdraft interest rates are charged separately. See rate bulletin.

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 43.48 USD 6.52 USD 50.00
ABM Balance Inquiry Fee
At a local CIBC ABM No Charge No Charge
At another bank’s ABM JMD 25.75 JMD 3.86 JMD 29.61
ABM Withdrawals
At a local CIBC ABM No Charge No Charge
At another local bank’s ABM JMD 51.50 JMD 7.73 JMD 59.23
At International/Overseas bank’s ABM
JMD 434.78 JMD 65.22 JMD 500.00
(Including CIBC ABMs in another country)
Point of Sale Purchases JMD 13.73 JMD 2.06 JMD 15.79
Replacement & Additional Cards - Classic JMD 695.65 JMD 104.35 JMD 800.00
Replacement & Additional Cards - Platinum JMD 695.65 JMD 104.35 JMD 800.00
Stamp Duty No Charge No Charge
Declined Transactions
At a local CIBC ABM No Charge No Charge
At another local bank’s ABM JMD 25.75 JMD 3.86 JMD 29.61
At International/Overseas bank’s ABM
JMD 50.10 JMD 7.52 JMD 57.62
(Including CIBC ABMs in another country)

Page 20 of 28
VISA DEBIT CARD -USD CURRENCY
Annual Fees No Charge No Charge
Fast Card Fees (Courier charges only) USD 37.58 USD 5.64 USD 43.21
ABM Balance Inquiry Fee:
At a local CIBC ABM No Charge No Charge
At another bank’s ABM USD 0.42 USD 0.06 USD 0.48
ABM Withdrawals:
At a local CIBC ABM No Charge No Charge
At another local bank’s ABM USD 2.51 USD 0.38 USD 2.88
At International/Overseas bank’s ABM
USD 2.51 USD 0.38 USD 2.88
(Including CIBC ABMs in another country)
Point of Sale Purchases No Charge No Charge
Replacement & Additional Cards - Classic USD 4.18 USD 0.63 USD 4.80
Replacement & Additional Cards - Platinum USD 8.35 USD 1.25 USD 9.60
Stamp Duty No Charge No Charge
Declined Transactions:
At a local CIBC ABM No Charge No Charge
At another local bank’s ABM USD 0.84 USD 0.13 USD 0.96
At International/Overseas bank’s ABM
USD 0.84 USD 0.13 USD 0.96
(Including CIBC ABMs in another country)

Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Jamaican Dollars unless otherwise stated.

Page 21 of 28
Schedule of Charges
CORPORATE SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)
E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS (where applicable) )
Set up Free Free
Monthly Access Free Free
Operational (per file run) JMD 600.00 JMD 90.00 JMD 690.00
Transaction
Per credit to account at CIBC JMD 25.00 JMD 3.75 JMD 28.75
Per credit to account at another bank JMD 30.00 JMD 4.50 JMD 34.50
Emergency Processing (per file run) JMD 400.00 JMD 60.00 JMD 460.00

E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS (where applicable) ) - USD Clients
Set up Free Free
Monthly Access Free Free
Operational (per file run) USD 10.00 USD 1.50 J$11.50
Transaction
Per credit to account at CIBC USD 0.64 USD 0.10 USD 0.74
Emergency Processing (per file run) USD 17.17 USD 2.58 USD 19.75

MANUAL PAYROLL - PAPER LIST OPTION


Set up Free Free
Monthly Access Free Free
Operational (per file run) JMD 515.02 JMD 77.25 JMD 592.27
Transaction
Per credit to account at CIBC JMD 42.92 JMD 6.44 JMD 49.36
Per credit to account at another bank JMD 51.50 JMD 7.73 JMD 59.23
Emergency Processing (per list) JMD 429.18 JMD 64.38 JMD 493.56

MANUAL PAYROLL - CASH / ENVELOPE OPTION


Set up Free Free
Monthly Access Free Free
Operational (per file run) JMD 515.02 JMD 77.25 JMD 592.27
Transaction
Per credit to account at CIBC JMD 42.92 JMD 6.44 JMD 49.36
Per credit to account at another bank JMD 51.50 JMD 7.73 JMD 59.23
Emergency Processing (per list) JMD 429.18 JMD 64.38 JMD 493.56

ONLINE BILL PAYMENT (where company signs up as an Online Biller)


Set up Free Free
Per payment received JMD 12.02 JMD 1.80 JMD 13.82

Page 22 of 28
Schedule of Charges
CORPORATE SERVICES
CHARGES GCT FINAL CHARGES
(pre -GCT) 15.00% (inc.GCT)
E-PAY (PAYROLL; SUPPLIER PAYMENTS; DIRECT DEBITS (where applicable) )
DEPOSITORY
Annual (Rental) Fee
Disposable Bags JMD 3,433.48 JMD 515.02 JMD 3,948.50
Canvas Wallets
Small: JMD 4,506.44 JMD 675.97 JMD 5,182.40
Medium: JMD 6,652.36 JMD 997.85 JMD 7,650.22
Large: JMD 7,510.73 JMD 1,126.61 JMD 8,637.34
Short Term Rental (30 days or less)
Disposable Bags n/a n/a
Canvas Wallets n/a n/a
Safekeeping (contents remain in bag):
Small: JMD 2,575.11 JMD 386.27 JMD 2,961.37
Medium: JMD 3,433.48 JMD 515.02 JMD 3,948.50
Large: JMD 4,291.85 JMD 643.78 JMD 4,935.62
Annual fee less Annual fee less
**Refund of Annual Rental Fee (box closed outstanding charges & outstanding charges &
before year end) taxes taxes
Per Package of 50 Disposable bags
Small: 9 x 12 JMD 2,145.92 JMD 321.89 JMD 2,467.81
Medium: 12 x 16 JMD 2,403.43 JMD 360.51 JMD 2,763.95
Large: 19 x 28 JMD 4,034.34 JMD 605.15 JMD 4,639.49
Replacement and Repairs
Canvas Bag (all sizes) JMD 3,004.29 JMD 450.64 JMD 3,454.94
Canvas Bag Keys JMD 858.37 JMD 128.76 JMD 987.12
Trap Door Key JMD 3,004.29 JMD 450.64 JMD 3,454.93
Additional Key JMD 3,004.29 JMD 450.64 JMD 3,454.93

SWEEPS and ZBAs


Set-upp Fee
Standard Set Up JMD 2,832.62 JMD 424.89 JMD 3,257.51
Additional Set Up JMD 1,716.74 JMD 257.51 JMD 1,974.25

E-STATEMENT PRICING
Statement Frequency
Via Swift:
Daily JMD 6,524.00 JMD 978.60 JMD 7,502.60
Monthly JMD 1,716.74 JMD 257.51 JMD 1,974.25
Via Email:
Daily JMD 2,832.62 JMD 424.89 JMD 3,257.51
Weekly JMD 1,716.74 JMD 257.51 JMD 1,974.25
Monthly JMD 1,115.88 JMD 167.38 JMD 1,283.26
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Jamaican Dollars unless otherwise stated.

Page 23 of 28
Schedule of Charges
TRADE SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)
BONDS, INDEMNITIES & GUARANTEES
Guarantees or indemnities issued by Bank on behalf of
customers including Letters of Undertaking Which would lead
to a normal loan or mortgage:
Which would lead to a normal loan or mortgage JMD 4,255.32 JMD 638.30 JMD 4,893.62
Other than to providers of commercial paper:
1.97% 0.30% 2.27%
Cash secured
Minimum J$4,255.32 Min. J$702.13 Minimum J$4957.45
2.96% - 4.94% 0.44% - 0.74% 3.40% - 5.68%
Other
Minimum J$4,255.32 Min. J$638.30 Minimum J$4,893.62

Guarantees issued in favour of Providers of Commercial 6.87% -8.58% p.a. 1.03% - 1.29% 7.90% -9.87% p.a.
paper Min 90 days or J$5,579.40 Min. J$836.910 Min 90 days or $6,416.31

Guarantees issued under National Ex-Im Bank administrated


lines of credit including EDF Rehabilitation Fund, etc. for
period outstanding where fully supported:
1.97% p.a. of amount for 2.27% p.a. of amount for
0.3%
Cash secured period outstanding. Min. period outstanding.
Min. J$180.00
$1,200.00 Min. $1,380.00
11.55% – 13.52% p.a. of 13.28% – 15.55% p.a. of
amount for period 1.73% - 2.03% amount for period
Other
outstanding. Min. J$305.81 outstanding.
Minimum $2,038.75 Minimum $2,344.56
Issuing Commission will be Issuing Commission will be
charged on the increase charged on the increase
Bankers Acceptance
(additional amount) for the (additional amount) for the
remaining validity remaining validity
Establishment fee:
On first J$10M of face value of draft 0.43% 0.06% 0.49%
On any additional amount 0.22% 0.03% 0.25%
Credit information services JMD 643.78 JMD 96.57 JMD 740.34
J$987.12 plus charge from
Verification of C.S.V of insurance policy JMD 858.37 JMD 128.76
insurance company

Page 24 of 28
Schedule of Charges
TRADE SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)
LETTERS OF CREDIT : EXPORT (Inward) CLEAN & DOCUMENTARY
Pre-Advising Commission USD 21.46 USD 3.22 US$24.68 eqivalent at
Cheque buy rate
Acceptance Commission 0.50% per month after 0.075% 0.575% per month after
delivery. Minimum $1,716.74 Min. J$257.51 delivery. Minimum
$1,974.251
Advising credits Commission USD 43.78 USD 6.57 US$50.35 eqivalent at
Cheque buy rate
Confirming Credits 1% per 90 days. 0.15% 1.15% per 90 days.
Minimum $1,716.74 Min. J$257.51 Minimum $1,974.25
Amendments, Extensions and Increases:
Extensions Issuing/Advising Commission Issuing/Advising Commission
will be charged on the will be charged on the
amount for the extended / amount for the extended /
additional validity additional validity

Increases Issuing/Advising Commission Issuing/Advising Commission


will be charged on the will be charged on the
increase for the remaining increase for the remaining
validity validity
Other Amendments USD 43.78 USD 6.57 US$50.35 eqivalent at
Cheque buy rate
Drawings under L/Cs – Negotiation Commission 0.50% per month after 0.075% 0.575% per month after
delivery. Minimum $1,716.74 Min. J$257.51 delivery. Minimum
$1,974.251
Issue of Transferable LC (Issue of new credit) Issuing/Advising Commission Issuing/Advising Commission

Cancellation USD 12.88 USD 1.93 USD 14.81


Document Handling:
Negotiation (Examination of documents) 0.21% 0.03% 0.24%
Minimum J$1,115.88 Min. J$167.38 Minimum J$1,283.26
Discrepancy Fee USD 21.46 USD 3.22 USD 24.68
Payment / Settlement / Reimbursement charges USD 21.46 USD 3.22 US$24.68 + Transfer costs
Deferred Payment / Acceptance commission 0.50% per month after 0.075% 0.575% per month after
delivery. Minimum $1,716.74 Min. J$257.51 delivery. Minimum
$1,974.251
Communication and Mail Charges See Trade Communication See Trade Communication
and Sundry Services Section and Sundry Services Section

Page 25 of 28
Schedule of Charges
TRADE SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

LETTERS OF CREDIT : IMPORT (Outward) CLEAN & DOCUMENTARY


Pre-Advising Commission USD 21.46 USD 3.22 USD 24.68
Acceptance Commission 0.50% per month after 0.075% 0.575% per month after
delivery. Minimum $1,716.74 Min. J$257.51 delivery. Minimum
$1,974.251
Letters of Credit established via Cable USD 40.34 USD 6.05 USD 46.39
Establishment Fee – sight and acceptance, USD 38.63 USD 5.79 USD 44.42
where CIBC provides foreign currency
Establishment Fee – sight and acceptance, where applicant sources foreign currency:
without full cash (or equivalent) collateral:
For Validity of 1 Year: 5.15 % p.a. (with or without 0.77% 5.92 % p.a. (with or without
renewal). Minimum Min. J$257.51 renewal). Minimum
J$1716.74 $1,974.25
For Validity of less than 1 Year: Up to 90 days 1% per 90 days. 0.15% 1.15% per 90 days.
Minimum $1,716.74 Min. J$257.51 Minimum $1,974.25
For Validity of less than 1 Year: Each additional quarter 1.5% 0.23% 1.73%
Minimum J$1716.74 Min. J$257.51 Minimum $1,974.25
with partial cash (or equivalent) collateral Calculated based on Calculated based on
percentage of security clear percentage of security clear
and secured and secured
with full cash (or equivalent) collateral 4.29% per quarter. 0.64% 4.93% per quarter
Minimum J$1716.74 Min. J$257.51 Minimum $1,974.25
Amendments, Extensions and Increases:
Extensions Issuing/Advising Commission Issuing/Advising Commission
will be charged on the will be charged on the
amount for the extended / amount for the extended /
additional validity additional validity

Increases Issuing/Advising Commission Issuing/Advising Commission


will be charged on the will be charged on the
increase for the remaining increase for the remaining
validity validity
Other Amendments USD 43.78 USD 6.57 US$50.35 eqivalent at
Cheque buy rate
Drawings under L/Cs – Negotiation Commission 0.50% per month after 0.075% 0.575% per month after
delivery. Minimum $1,716.74 Min. J$257.51 delivery. Minimum
$1,974.251
Interest on Letters of Credit Charged on the outstanding Charged on the outstanding
Foreign Currency amount at Foreign Currency amount at
the applicable rate of interest the applicable rate of interest
based on the actual rate based on the actual rate
charged by the charged by the
Correspondent Bank plus 5% Correspondent Bank plus 5%
computed from the date of computed from the date of
payment until receipt of payment until receipt of
reimbursement reimbursement
Communication and Mail Charges See Trade Communication See Trade Communication
and Sundry Services Section and Sundry Services Section

Page 26 of 28
Schedule of Charges
TRADE SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

Documentary Bills for Collections - (Import & Export)


Exchange Charger – Sight or Tenor Sight selling rate applies Sight selling rate applies
Document Handling:
Collection Commission:
Documentary Collection Fee 1% 0.15% 1.15%
Minimum $1,072.96 Min. J$160.94 Minimum $1,233.90
Accelerated Collection Fee 0.5% 0.075% 0.575%
Min J$600.86 Max Min. J$90.13 Min J$690.99 Max
J$7,467.81 Max. J$1120.17 J$8,587.98
Holding accepted Bills
Monthly Holding Commission :
Sight Bills (commencing month after arrival of goods) JMD 261.16 JMD 39.17 JMD 300.33
Mature/Accepted Bills (commencing month after arrival of JMD 34.33 JMD 5.15 JMD 39.48
goods)
Safe Custody Charge JMD 51.50 JMD 7.73 JMD 59.23
Shipping Guarantees re missing bills of lading:
First 2 months or part thereof - 1.00% 0.15% 1.15%
Minimum $1,030.04 Min. J$154.51 Minimum $1,184.55
Each additional month - 1.00% 0.15% 1.15%
Maximum $3,450 Min. J$517.50 Maximum $3,967.50
Protest Charge JMD 2,145.92 JMD 321.89 J$2467.81 + legal and out of
pocket expenses
Overdue Items Administrative charge (On collections JMD 34.33 JMD 5.15 J$39.48 per month beginning
outstanding more than 2 months or 30 days after maturity) month after goods arrive
Tracers USD 4.29 J$0.64 US$4.93 + Cost
Aval Commission (Guarantee Commission) Same as Import LC. Issuing Same as Import LC. Issuing
commission date of Aval to commission date of Aval to
maturity of the draft maturity of the draft

Amendment JMD 1,716.74 JMD 257.51 JMD 1,974.25


Payments to Agents JMD 472.10 JMD 70.82 J$542.92 + transfer charges
Return of Documents charges 1%. 0.15% 1.15%.
Min $858.37 Max $1,716.74 Min. J$128.76 Min $987.13 Max $1974.25
Max. J$257.51
Storage of goods JMD 3,175.97 JMD 476.40 J$3652.37 + expenses
Reshipping of Goods JMD 4,291.85 JMD 643.78 J$4935.63 + expenses
Bills paid in installments USD 21.46 USD 3.22 USD 24.67
Endorsement of shipping documents as attorney USD 21.46 USD 3.22 USD 24.67
Endorsement of parcel post receipt USD 12.88 USD 1.93 USD 14.81
Certificate of transfer of title to goods USD 21.46 USD 3.22 USD 24.67
Statement of past due bill USD 12.88 USD 1.93 USD 14.81
Insurance of goods JMD 43.48 JMD 6.52 J$50 per $100.00 per month
or part thereof
Delivery Orders JMD 450.64 JMD 67.60 JMD 518.24
Bills Discounted:
Min applicable rate of interest on advances JMD 530.04 JMD 79.51 JMD 609.55
Min collection charge JMD 490.13 JMD 73.52 JMD 563.65
Communication and Mail Charges See Trade Communication See Trade Communication
and Sundry Services Section and Sundry Services Section

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Schedule of Charges
TRADE SERVICES

CHARGES GCT FINAL CHARGES


(pre -GCT) 15.00% (inc.GCT)

Cheque Collection (Inward) and Issuance (Outward)


Receive cheque for Collection (Inward) 1% 0.15% 1.15%
Min $729.61 Min. J$109.44 Min $839.05
Max $6,866.95 Max. J$1,030.04 Max $7,896.99
Cheque Issuance (Outward) 1% 0.15% 1.15%
Min $729.61 - Max $6,866.95 Min. J$109.44- Min $839.05 - Max $7,896.99
Max. J$1,030.04
Tracers USD 4.29 USD 0.64 US$4.93 + Cost
Stop payment charges JMD 257.51 JMD 38.63 J$296.14 + correspondent
charges
Amendment JMD 1,716.74 JMD 257.51 JMD 1,974.25
Trade Communication and Sundry Services
Third party payments USD 21.46 USD 3.22 US$24.67 + Transfer Cost
Communication Charges"
Registered Mail USD 4.29 USD 0.64 US$4.93 + Cost
SWIFT - Establishing / Issuing LCs etc* USD 42.92 USD 6.44 US$49.36 + Cost
SWIFT - Other USD 4.29 USD 0.64 US$4.93 + Cost
Courier - Local + International USD 4.29 USD 0.64 US$4.93 + Cost
Notes:
1. * - Product/Service Not offered to new clients
2. All figures are quoted in Jamaican Dollars unless otherwise stated.

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