Notice of Fee Changes

Effective November 1, 2023

 

Dear Customers,

Effective November 1, 2023, there will be changes to some accounts and cheque processing fees. 

You may review all our fees in our Retail Banking Fee Guide  or see the specific changes below:

Product/Service New Fees GCT Total
Retail Foreign Currency Deposit  Accounts
Savings Account Foreign Currency - Minimum Balance Violation Fee $2.50 $0.38 $2.88
Per Deposit Fee $2.00 $0.30 $2.30
Small Business Deposit Accounts
Chequing Account Monthly Fee  $900.00 $135.00 $1,035.00
Per Item Fee JMD $110.00 $16.50 $126.50
Chequing Account Monthly Fee (Foreign Currency)  $6.00 $0.90 $6.90
Per Item Fee FX   $5.00 $0.75 $5.75
Savings Account JMD - Per Item Fee $2.00 $0.30 $2.30
Sundry Fees
Cheque Books (Retail - JMD) $2,450.00 $367.50 $2,817.50
Cheque Books (Retail - USD) $25.00 $3.75 $28.75
Cheque Books (Non-Retail - JMD) $12,900.00 $1,935.00 $14,835.00
Cheque Books (Non-Retail - USD) $173.00 $25.95 $198.95
High Volume Processing Cheques $420.00 $63.00 $483.00
Dishonoured Cheque  $1,500.00 $225.00 $1,725.00
Insufficient Funds NSF (Returned Cheque) $1,500.00 $225.00 $1,725.00
Foreign Cheques deposited and subsequently returned $50.00 $7.50 $57.50
Foreign Cheques deposited and subsequently returned $50.00 $7.50 $57.50
Foreign Cheques deposited and subsequently returned $50.00 $7.50 $57.50
Stop Payment (LOCAL)  $450.00 $67.50 $517.50
Stop Payment (USD) $27.00 $4.05 $31.05
Pre-Authorized Payments (PAP) $10.92 $1.64 $12.56