Retail Banking Fee Guide
Retail Deposit Fees
Effective August 1, 2020
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Withdrawal - Transactional Accounts | Approved | $22.50 |
Declined | $0.00 | |
Withdrawal - Savings Accounts | Approved | $49.00 |
Declined | $0.00 | |
Deposits | - | FREE |
Enquiry | - | FREE |
Mini-Statement | Flat Charge - Proprietary | FREE |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Withdrawal - Transactional Accounts | Approved | $59.00 |
Declined | $0.00 | |
Withdrawal - Savings Accounts | Approved | $59.00 |
Declined | $0.00 |
|
Account Balance enquiry | Per enquiry | $34.00 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Withdrawal - Transactional Accounts | Per Transaction | US$0.35 |
Withdrawal - Savings Accounts | Per Transaction | US$0.35 |
Deposits | Per Item Fee | FREE |
Enquiry | Per Item Fee | US$0.49 |
Declined Transaction | Per Item Fee | US$0.1 5 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Withdrawal | Per Item Fee | US$2.97 |
Enquiry | Per Item Fee | US$0.49 |
Declined Transactions | Per Item Fee | US$0.39 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Fee per transaction | Transactional Accounts | FREE |
Enquiry | Per Item Fee | FREE |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Transactional Accounts | Per transaction | $12.50 |
Savings Accounts | Per transaction | $30.00 |
Declined local transaction ( Proprietary & Multilink ) | Proprietary Machines | $0.00 |
Cardholder fee per International transaction (transactions going through Visa network) | % of transaction amount | 2.00% |
Declined International POS transaction | Per Item Fee | US$0.59 |
Replacement ABM Card | Per Card Fee (No charge for defective cards or retained by ABM) | $873.61 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Internet Banking & Mobile Banking | Transfers between accounts, 3rd Party transfers. Account enquiry, Bill Payments, Mobile Top Up | FREE |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
In-Branch transfer between accounts (Transactional & Savings) |
Flat charge per request | J$1,449.20 / USD/CAD$4.19 / GBP2.93 / EUR3.66 |
Manager’s Cheque less th an $1 Mil. | Flat Charge | BNS Customers $402.85 |
- | Non BNS Customers $1,449.20 | |
Manager’s Cheque $1 Mil and greater - BNS Customer |
Flat Charge $402.85, plus special charge $5,750.00 |
$6,152.85 |
Manager’s Cheque $1 Mil and greater - Non-BNS Customer |
Flat Charge $1,449.20, plus special charge $5,750.00 |
$7,119.20 |
Replacement Manager’s Cheque | Flat Charge | $1,449.20 |
Money Order | Flat Fee (Scotia Total Access Senior - Free) | $266.81 |
Foreign Draft | Flat Charge | $994.04 |
Cash for draft | Flat Charge | 1.00% of the amount, plus flat charge |
Duplicate Foreign Drafts | Flat Charge | $1,875.54 |
Foreign Cheques Negotiated | US$1.00 per cheque encashed, plus Stamp Duty | USD1.00 |
Standing Orders – Processed In Branch | Set-up fee | $402.85 |
Flat charge for each order negotiated on due date | $402.85 |
|
Flat charge for each order negotiated on due date |
USD/CAD6.15 GBP/EUR5.30 |
|
Unprocessed for Current Accounts/Savings Accounts | $402.85 | |
Standing Orders – Processed On-Line | Charge per item | FREE |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Outgoing Wire Transfers (Swift/Telex) | Initiated In Branch (Telex Tolls & Com) | $3,698.85 |
Incoming Wire Transfers (SWIFT/TELEX) | Flat charge for proceeds to JMD accounts Flat charge for proceeds to Foreign Currency accounts | $3,698.85 |
Transfers via RTGS | Per transfer | Outgoing $1,449.20 |
Incoming $402.85 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Cheque Encashment Fee | Per cheque fee | J$402.85 |
(Fee waived for PATH, Accountant General Pension | USD/CAD1.30 | |
NIS and Poor Relief and petty cash cheques) | GBP/EUR1.05 |
|
Holding Statements | Personal Accounts | $1,412.52 |
- Local Currency Cheque, including insurance payments Cheques dishonoured and charged back to customer’s accounts |
Flat charge per local cheque | $1,569.52 |
- Foreign Currency Cheques Cheques dishonoured and charged back to customer’s accounts |
Charge per foreign cheque | USD$41.85 / CAD$41.85 / GBP31.40 / EUR36.63 plus foreign bank charge |
Cash Deposits to Foreign Currency Accounts | Cash lodgements in excess of $500.00 | 2.30% of amount deposited. |
All Cash lodgements | ||
NB. Charged to total amount lodged |
||
Cheque Leaves | Order Personal Accounts - per set of 100 leaves | J$1,935.75 |
New accounts - first supply of 50 cheque leaves | FREE |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
Internal Processing Fee | % of loan amount inclusive of GCT | 3.50% |
Minimum Fee | $13,326.18 | |
Late Payment Fees | % of unpaid amount | 6.105% |
Minimum payment | $1,725.00 |
Description of Charge |
Details of Cost |
Final Fees (Inclusive of GCT)& Rates |
CreditInfo Jamaica Limited | Credit Report (Retail & Business) | $1,380.00 |
$1,200.00 + $180.00 (GCT) | ||
CRIF NM Assure Limited | Credit Report (Retail & Business) | $1,319.63 |
$1,147.50 + $172.13 (GCT) | ||
Cost for both Credit Bureau Reports |
$2,347.50 + $352.13 (GCT) |
$2,699.63 |