Fees and Charges for corporate account:

You can choose to open an account with Maestro or Mastercard.

For account with Maestro/Cirrus debit card the first transfer should be

larger than:

· Account with the bankcard only USD 180 (includes an account opening fee, Maestro/Cirrus debit card, PIN code, IAC, its issuance, personalization, the postage and a blocked amount)

· Account with Digipass USD 285 (includes an account opening fee, Maestro/Cirrus debit card, PIN code, IAC, the Digipass, its issuance, personalization, the postage and a blocked amount)

· Once the funds are on your account, USD Maestro/ Cirrus debit card will be issued.

Due to possible correspondent bank charges we suggest to transfer: minimum USD 230 for the account opening with Cirrus/Maestro card only; minimum USD 335 for the account opening with Digipass and Cirrus/Maestro card.

· First the PIN code for your debit card, together with the 8-digit Internet Access Code for balance enquiry, Account Number and Customer ID will be mailed to you.

USD Maestro/ Cirrus debit card together with Digipass (if requested) will be sent separately on the next few days.

You should receive all of the above items within 5-12 business days from the date of dispatch (depending on your location).
Please specify additionally, if you wish to receive them by courier at your own cost (85 US$).

For account with MasterCard debit card the first transfer should be larger than:

· Account with the bankcard only USD 370

· Account with Digipass USD 415

Due to possible correspondent bank charges we suggest to transfer: minimum USD 420 for the account opening with MasterCard debit card only minimum USD 465 for the account opening with Digipass and MasterCard debit card.

· Once the funds are on your account, USD MasterCard debit card will be issued.

· First the MasterCard debit card together with Digipass (if requested), Account Number and Customer ID will be mailed to you.

· PIN code for your debit card, together with the 8-digit Internet Access Code for balance enquiry will be mailed to you separately on the next few days.
Please note that MasterCard debit cards are always mailed by courier for security reasons. The account opening fee includes the cost of two separate courier packages (85.00 USD/package).

· The security deposit of USD 200 should be transferred as soon as you receive the MasterCard debit card and the PIN code

Both Maestro (cirrus) and Master Card are worldwide accepted in any ATM worldwide, so you can withdraw your money from your Bank account anytime, anywhere.

Fees and Charges: Bank Card Only - Corporate Account

Corporate Account: USD Current Account with the bank card only

Account Opening


Account opening fee: Consists of: account opening fee, debit card, PIN code, IAC, its issuance, personalization and the postage.	USD 120.00	USD 200.00*

*Please note that for security reasons courier is mandatory in case of ordering a MasterCard debit card. Courier fee: 2× 85.00 USD

Account Maintenance Fee


Security deposit (i.e. blocked amount):	USD 60.00 + 1% of the previous day closing balance blocked from the initial minimum deposit	USD 200.00 + 1% of the previous day closing balance
Account maintenance fee:	USD 11.00/month	USD 30.00/month
Credits to the account: (for incoming SWIFT wires)	USD 9.00	USD 9.00
Account closure fee:	USD 70.00	USD 70.00

Bankcard Fees

Loyal Bank issues Maestro/Cirrus debit cards to USD denominated accounts only.


Cash withdrawal cost:	USD 3.85 + 1.15%	USD 3.85 + 1.15%
Purchase using bank card:	USD 1.25	USD 0
Decline ATM fee:	USD 0.65	USD 0.65
Balance request fee:	USD 0.50	USD 0.50
Bank card stoppage fee:	USD 15.00	USD 15.00
Bank card replacement fee:	USD 15.00	USD 50.00
Bank card renewal fee:	USD 10.00	USD 10.00
Additional Bank card:	USD 15.00	USD 15.00
Additional bankcard monthly fee:	USD 1.00	USD 1.00

Please note that on non-USD card transactions a conversion fee of 1.15% will apply.

Other Fees


Internet Access Code replacement:	USD 15.00	USD 15.00
Internet Access Code stoppage:	USD 15.00	USD 15.00
Audit statement:	USD 50.00 / statement	USD 50.00 / statement
Registering changes to main account data:	USD 1.00 / item	USD 1.00 / item
Mailing fee concerning message errors:	USD 35.00 / message	USD 35.00 / message
Account Statement issuance and provision to the client:	a. courier: USD 85.00 / statement b. by post: USD 15.00 / statement c. via fax: USD 25.00 / statement d. via email: USD 1.50 / statement	a. courier: USD 85.00 / statement b. by post: USD 15.00 / statement c. via fax: USD 25.00 / statement d. via email: USD 1.50 / statement
Other Statements: (swift message copy, notification, etc.):	USD 15.00 / statement	USD 15.00 / statement
Bank reference:	USD 40.00	USD 40.00
Account Statement a. for a period from 6 to 12 months b. for a period from 12 to 24 months c. for a period greater than 24 months	USD 15.00 USD 20.00 USD 30.00	USD 15.00 USD 20.00 USD 30.00
Mailing by courier:	USD 85.00 /package	USD 85.00 /package
SMS alert fee	USD 0.49	USD 0.49
Denied card chargeback: (Charged only upon receipt of documents, proving that chargeback request was groundless)	USD 60.00	USD 75.00

Fees and Charges: With Digipass

Corporate Account: USD Current Account with the Digipass and the bank card

Account Opening


Account opening fee: Consists of: account opening fee, debit card, PIN code, IAC, the Digipass, its issuance personalization and the postage.	USD 165.00	USD 245.00*

*Please note that for security reasons courier is mandatory in case of ordering a MasterCard debit card. Courier fee: 2× 85.00 USD

Account Maintenance Fee


Security deposit (i.e. blocked amount):	USD 120.00 + 1% of the previous day closing balance will be blocked from the initial minimum deposit	USD 200.00 + 1% of the previous day closing balance
Account maintenance fee:	USD 19.00/month	USD 35.00/month
Credits to the account: (for incoming SWIFT wires) Please note that our correspondent banks may charge their fees (if any) for wire transfer and those fees are debited on the amount transferred.	USD 9.00	USD 9.00
Account closure fee:	USD 70.00	USD 70.00

Digipass Fee


Digipass™ stoppage fee	USD 20.00/ device	USD 20.00/ device
Digipass™ issuance / replacement fee	USD 45.00/ device	USD 45.00/ device

The Digipass is a small device that is necessary for the secure execution of transactions through the Internet Bank.

Payments


Internal bank transfer:	0.1% (min: USD 5.00, max: USD 100.00)	0.1% (min: USD 5.00, max: USD 100.00)
Outgoing bank transfer:	0.3% (min: USD 38.50, max: USD 400.00)	0.3% (min: USD 38.50, max: USD 400.00)
Recall of a SWIFT wire transfer:	USD 75.00	USD 75.00
Wire investigation:	USD 75.00	USD 75.00

Bankcard Fees

Loyal Bank issues Maestro/Cirrus debit cards to USD denominated accounts only. There is NO bankcard to accounts in other currencies.


Cash withdrawal cost:	USD 3.85 + 1.15%	USD 3.85 + 1.15%
Purchase using bank card:	USD 1.25	USD 0
Decline ATM fee:	USD 0.65	USD 0.65
Balance request fee:	USD 0.50	USD 0.50
Bank card stoppage fee:	USD 15.00	USD 15.00
Bank card replacement fee:	USD 15.00	USD 50.00
Bank card renewal fee:	USD 10.00	USD 10.00
Additional Bank card:	USD 15.00	USD 15.00
Additional bankcard monthly fee:	USD 1.00	USD 1.00

Please note that on non-USD card transactions a conversion fee of 1.15% will apply.

Other Fees


Internet Access Code replacement:	USD 15.00	USD 15.00
Internet Access Code stoppage:	USD 15.00	USD 15.00
Internet Access Code change in applet:	USD 1.00
Audit statement:	USD 50.00 /st + mailing fee	USD 50.00 /st + mailing fee
Registering changes to main account data:	USD 1.00 /item	USD 1.00 /item
Mailing fee concerning message errors:	USD 35.00 / message	USD 35.00 / message
Account Statement issuance and provision to the client:	· courier USD 85.00 / statement · by post USD 15.00 / statement · via fax USD 25.00 / statement · via email USD 1.50 / statement	· courier USD 85.00 / statement · by post USD 15.00 / statement · via fax USD 25.00 / statement · via email USD 1.50 / statement
Other Statements (swift message copy, notification, etc.):	USD 15.00 / statement	USD 15.00 / statement
Bank reference:	USD 40.00	USD 40.00
Account Statement a. for a period from 6 to 12 months b. for a period from 12 to 24 months c. for a period greater than 24 months	USD 15.00 USD 20.00 USD 30.00	USD 15.00 USD 20.00 USD 30.00
Mailing by courier:	USD 85.00 /package	USD 85.00 /package
SMS alert fee	USD 0.49	USD 0.49
Denied card chargeback: (Charged only upon receipt of documents, proving that chargeback request was groundless)	USD 60.00	USD 75.00

Multi-Currency Current Account Fees

To open a Current Account(s) in currencies other than USD specifically: EUR, GBP, CHF, JPY - you should have an active or have applied for a USD Current Account with Digipass. Without Digipass you will be not able to operate your multi-currency accounts.

There will be only ONE Digipass for the USD and all multi-currency accounts of one client that is issued to USD account.

	EUR (€)	GBP (£)	CHF	JPY (¥)
Account opening fee	€ 6.00	£ 4.00	CHF 8.00	¥ 600.00
Account maintenance fee (per month)	€ 5.00	£ 3.00	CHF 7.00	¥ 550.00
SMS alert fee	€ 0.33	£ 0.25	CHF 0.53	¥ 53.00
Blocked amount Should be transferred at the account opening	€ 30.00+ 1% of the closing balance	£ 25.00+1% of the closing balance	CHF 45.00 +1% of the closing balance	¥ 4000.00+1% of the closing balance
Account closure fee	€ 60.00	£ 40.00	CHF 90.00	¥ 8185.00
Credits to the account (for incoming SWIFT wires)	€ 7.00	£ 5.00	CHF 11.00	¥ 995.00

Exchange fee	1.5%	1.5%	1.5%	1.5%
Conversion requiring manual intervention	€ 4.00+ 1.50%	£ 3.00+ 1.50%	CHF 6.00+ 1.50%	¥ 550.00+ 1.50%
Internal bank transfer to another client's account	0.1% min € 4.00 max € 80.00	0.1% min £ 3.00 max £ 60.00	0.1% min CHF 6.00 max CHF 120.00	0.1% min ¥ 550.00 max ¥ 11000.00
Outgoing bank transfer	0.3% min € 31.00 max € 270.00	0.3% min £ 22.00 max £ 183.00	0.3% min CHF 48.00 max CHF 417.00	0.3% min ¥ 4500.00 max ¥ 38000.00
Audit statement (per statement)	€ 40.00	£ 30.00	CHF 60.00	¥ 5500.00
Registering changes to main account data (per item)	€ 0.90	£ 0.70	CHF 1.40	¥ 120.00
Mailing fee concerning message errors (per message)	€ 28.00	£ 21.00	CHF 42.00	¥ 3850.00
Account Statement: a. courier b. by post c. via fax d. via email	€ 60.00 € 12.00 € 20.00 € 1.20	£ 45.00 £ 9.00 £ 15.00 £ 0.90	CHF 90.40 CHF 18.00 CHF 30.00 CHF 1.80	¥ 8250.00 ¥ 1650.00 ¥ 2750.00 ¥ 165.00
Other Statements: (SWIFT message copy, notification)	€ 12.00	£ 9.00	CHF 18.00	¥ 1650

The bank reserves the right to charge any overdue account management fees on Multicurrency accounts to whichever account of the client that has the highest available balance.

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A bit of information about offshore banking - A bit of information about St Vincent & The Grenadines - Which is the Bank name I will open the Bank account? - Benefits of being a customer of the Bank - FAQ Frequently Asked Questions - Required documents for opening Personal Bank Account - Required documents for opening Corporate Bank account - Fees and Charges for Personal Bank Account - Fees and Charges for Corporate Bank Account - Which are the benefits of Digipass device? Which is the Digipass? - List of Banks in the Caribbean - Contact us

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Fees and Charges for corporate account:

You can choose to open an account with Maestro or Mastercard.

Corporate Account: USD Current Account with the bank card only

Fees and Charges: With Digipass

Corporate Account: USD Current Account with the Digipass and the bank card

You can choose to open an account with Maestro or Mastercard.