Personal Financial Services Agreement Rates & Fees

Effective: August 1, 2020

(Interest rates are subject to change at any time without prior notice)

This schedule of interest rates and fees (“schedule”) forms part of the Agreements, which include the Personal Financial Services Agreement booklet and the Deposit Account Agreement. Terms used in this schedule have the same meaning as in the Agreements unless otherwise indicated. We can amend, change, modify, add or remove any of the rates, fees, benefits, features and services that are set out in this schedule. If we do, we will notify you of any changes in accordance with the Agreements.

Transactional Accounts

  SCOTIA CARE ACCESS
EMPLOYEE PAYROLL
DAY-TO-DAY (CURRENT)

Currency

JMD only

JMD only

JMD only

Minimum Opening Balance

$0.00

$0.00

$5,000.00

Monthly Minimum Balance Fee*

N/A

N/A

N/A

Branch Deposits

Free

Free

Free

Branch Withdrawals

$380.00

$380.00

$380.00

Proprietary POS

Free

Free

$12.50

Proprietary ATM

Free

Free

$22.50

Non-Proprietary POS

$12.50

$12.50

$12.50

Non-Proprietary ATM

$59.00

$59.00

$59.00

Cheque Writing Privileges

No

No

No

Online & Mobile Banking

Free

Free

Free

Online & Mobile Banking Tranactions include

Transfers between own accounts
Transfers to other Scotiabank customers
Transfers to persons at other Banks
Mobile Top-Up
Foreign Currency Purchase and Sale

Transfers between own accounts
Transfers to other Scotiabank customers
Transfers to persons at other Banks
Mobile Top-Up
Foreign Currency Purchase and Sale

Transfers between own accounts
Transfers to other Scotiabank customers
Transfers to persons at other Banks
Mobile Top-Up
Foreign Currency Purchase and Sale

In Branch Deposit By Bearer

$402.85

$402.85

$402.85

Pays Interest

No

No

No

Statement Frequency

Online - Quarterly

Online - Quarterly

Online - Quarterly

Saving Accounts**

 

 SAVINGS

SAVINGS

SAVINGS

SAVINGS

 Currency

JMD

USD

CAD, EURO

GBP

Minimum Opening Balance

$5,000.00

$100

100 units

100 units

Monthly Minimum Balance Fee*

$180.00

$1.98

1.98 units

£1.98

Branch Deposits

Free

Free

Free

Free

Branch Withdrawals

$380.00

$1.98

1.98

£1.98

Proprietary POS

$12.50

$0.35

0.35

£0.35

Proprietary ATM

$49.00

$0.35

0.35

£0.35

Non-Proprietary POS

$30.00

Varies

Varies

Varies

Non-Proprietary ATM

$59.00

Varies

Varies

Varies

Cheque Writing Privileges

No

No

No

No

Online & Mobile Banking

Free

Free

Free

Free

Effective Annual Interest Rate (EAIR)

$0 - $4,999 : 0.0000%$5,000 - $199,999 : 0.0500%$200,000 - $499,999 : 0.1000%$500,000 plus : 0.2502%

$0 - $4,999 : 0.000%$5,000 - $24,999 : 0.0100%$25,000 - $149,999 : 0.0200%$150,000 plus : 0.0500%

$0 - $4,999 : 0.000%$5,000 - $24,999 : 0.0500%$25,000 - $149,999 : 0.1000%$150,000 plus : 0.1501%

$0 - $4,999 : 0.000%$5,000 - $24,999 : 0.0250%$25,000 - $149,999 : 0.0500%$150,000 plus : 0.1000%

Online & Mobile Banking Tranactions include

Transfers between own accountsTransfers to other Scotiabank customersTransfers to persons at other BanksMobile Top-UpForeign Currency Purchase and Sale

Transfers between own accountsTransfers to other Scotiabank customersTransfers to persons at other BanksMobile Top-UpForeign Currency Purchase and Sale

Transfers between own accountsTransfers to other Scotiabank customersTransfers to persons at other BanksMobile Top-UpForeign Currency Purchase and Sale

Transfers between own accountsTransfers to other Scotiabank customersTransfers to persons at other BanksMobile Top-Up

In Branch Deposit By Bearer

$402.85

$1.98

1.98 units

£1.98

Pays Interest

Yes

Yes

Yes

Yes

Statement Frequency

Online - Quarterly

Online - Quarterly

Online - Quarterly

Online - Quarterly

Specialty Accounts**

  SENIORS

Currency

JMD only

Minimum Opening Balance

$0.00

Monthly Minimum Balance Fee*

N/A

Branch Deposits

Free

Branch Withdrawals

$190.00

Proprietary POS

Free

Proprietary ATM

Free

Non-Proprietary POS

$6.25

Non-Proprietary ATM

$29.50

Cheque Writing Privileges

No

Online & Mobile Banking

Free

Effective Annual Interest Rate (EAIR)

$0 - $4,999 : 0.0000%
$5,000 - $199,000 : 0.1000%
$200,000 - $499,000 : 0.1501%
$500,000 plus : 0.3004%

Online & Mobile Banking Tranactions include

Transfers between own accountsTransfers to other Scotiabank customersTransfers to persons at other BanksMobile Top-UpForeign Currency Purchase and Sale

In Branch Deposit By Bearer

$402.85

Pays Interest

Yes

Statement Frequency

Online - Quarterly

Term Deposits

  AVAILABLE TERM MINIMUM TERM DEPOSIT BALANCE REQUIRED INTEREST PAYMENT FREQUENCY INTEREST RATE
Fixed Term Deposit
60 - 89 days $100,000 (JMD)$1,000 (USD) At Maturity Please refer to your Term Deposit Confirmation form.
90 - 179 days $100,000 (JMD)$1,000 (USD) At Maturity
180 - 364 days $100,000 (JMD)$1,000 (USD) At Maturity
1 year $100,000 (JMD)$1,000 (USD) At Maturity
18 months $100,000 (JMD)$1,000 (USD) At Maturity
2 years $100,000 (JMD)$1,000 (USD) Annually
Fixed Term Deposit - Monthly Income
1 year $500,000 (JMD)$5,000 (USD) Monthly
Fixed Term Deposit - Monthly Income
1 year $250,000 (JMD)$2,500 for (USD) At Maturity or when redeemed

Sundry Fees

ITEM FEES INCLUDING GCT

Certification of account balance: This fee is charged for audit certificates, reference letters and other certification of accounts for balance, taxes and visas purposes; among other customer requests

$2,862.66

Inactive/Dormant Account Fee: A fee which is applied when an account has remained inactive for 12 months. NOTE: NO ADDITIONAL FEES ARE CHARGED TO ACCOUNTS WHICH ARE DORMANT.

N/A

Duplicate/Interim Statements: A fee is charged for customer requests for duplicate statements

Free for the past 6 months.
Over 6 months: $680.13

Standing Order: A fee which is charged for setting up standing order payments typically to a third party

Set up Fee: $402.85
Flat Charge each due date: $402.85

Replacement of Debit Card: A fee applied when customer requests a replacement for a lost or stolen card. This fee is not charge for Debit Cards destroyed by the ATM

$873.61

NSF Cheque: Non-sufficient funds in the account at the time that a cheque is being withdrawn from the account

$1,569.52

Outgoing & Incoming Wire Transfer (Swift/Telex): The minimum fee the bank will charge for transmitting a wire transfer

$3,698.85

Transfer to accounts within Scotiabank: Free online, otherwise an In-Branch transaction fee is charged

Free online $380.94 (in-Branch)

Transfer to accounts at other financial institutions: Free online, otherwise an In-Branch transaction fee is charged

Free online $1,449.20 (in-Branch)

Certified/Manager's Cheque: The minimum bank fee charged for a issued cheque, to which the funds have been certified and withdrawn from the customer's account

$402.85

Draft: A bank issued certified cheque which is greater then $1,000 USD and with a identified Payee.

$994.04

Cheque Encashment Fee: A fee which is apply when cashing a BNS cheque in a branch

$402.85

Min Overdraft Monthly Charge: The minimum monthly amount charged to an account that is overdrawn during a month.

N/A

Minimum Ad-hoc or Temporary Overdraft Charge: The minimum amount charged to an account that has been granted an ad- hoc or temporary overdraft or that has exceeded it's authorized overdraft credit limit. The minimum ad-hoc or temporary overdraft charge does not apply if the amount of the overdraft interest charge is higher than the amount of the minimum ad-hoc or temporary overdraft charge

$1,500.00

Overdraft Handling Charge: The amount charged to an account for each item that causes the account to go into an overdrawn position, or that causes the account to exceed the amount of the authorized overdraft credit limit.

$2,343.84

ABM Mini - Statement: A printed list of the last 10 transactions processed through the account

Free

Returned Cheque: Items deposited and subsequently charged back (any reason - any currency)

$1,569.53

Stop Payment: An automated "stop" request on a pre-authorized payment or cheque being withdrawn from the customers account, at the customers request

$502.25

ALL DEPOSIT ACCOUNTS AT DEPOSIT TAKING INSTITUTIONS ARE INSURED BY THE JAMAICA DEPOSIT INSURANCE CORPORATION. Visit www.JDIC.org for details.