Fee Structure

We are open and transparent to you, have a look at our competitive fees and rates.

Kindly note that all quoted fees are subject to change without notice.

Credit

Savings

FX Accounts

DDA

Others

Credit

Credit Related Fees	Frequency	Value
Application fees:
Retail accounts – $0.00 – $499,999.00	Per facility	$3,000
Retail accounts – $500,000.00 – 9,999,999.00	Per facility	$4,000
Retail accounts – $10,000,000.00 and above	Per facility	$5,000
Commercial accounts – $0.00 – $5,000,000.00	Per facility	$5,000
Commercial accounts -$5,000,001 – $20,000,000.00	Per facility	$10,000
Commercial accounts -$20,000,001 – $50,000,000.00	Per facility	$15,000
Commercial accounts -$50,000,001 and above	Per facility	$20,000
Processing fee:
$0.00 – $499,999.00	Per facility	$1,500
$500,000.00 – 9,999,999.00	Per facility	$3,000
$10,000,000.00 and above	Per facility	$3,500
Commitment fees:
Retail & Commercial	Per facility	0.25% – 1.0%
Low income loans	Per facility	0.50%
Minimum charge	Per facility	$2,000
Late fees:
Retail Loans	Per facility	$2000
Commercial Loans	Per facility	$3500
Low income mortgages	Per facility	$500
Others	Per facility	$2,000
Interim / temporary Overdraft: (new / increased)	Per facility	1.00%
Temporary on expired lines (documentary deficiency)	Per facility	$30,000
Re – negotiation / restructure fee	Per transaction	$5,000
Collection fee	–	Bailiff’s fee
Issuance (Bonds / Guarantees)	Per transaction	0.25% to 1.0% of the sum
Collateral / appraisal visits	Per visit	$2,000
Overdraft facility in excess of approved limit		3% additional to the rate charge
Non submission of financials (6 months after ending of fiscal year)		3% additional to the rate charge
Facilities drawn down before security is perfected – Commercial facilities	Of unsecured amount being disbursed	0.50%
	Minimum charge	$10,000
	Maximum charge	$200,000
Mortage Interest Relief	–	$2,000
Insurance payment fee	Per transaction	$5,000
Anticipatory interest	if payoff is done within 1 year	6 months
Anticipatory interest	if payoff is done after 1 year	3 months

Savings

Savings Accounts (Jackpot, Excell, Money Market)	Frequency	Value
Minimum balance threshold	–	$1,000
Duplicate statement for current period	Per page	$300
Duplicate statement for over 1 year	Per page	$500
Voucher search	Per unit	$500
Accounts closed within 30 days:	–	$1,500
Accounts closed within 90 days:	–	$1,000
Accounts closed within 180 days:	–	$500
Standing order	Per transaction	$700
Standing order – NSF	Cancellation after 3 months	$1,000
Hold mail fee	Monthly	$200
Hold mails (over 90 days)	Monthly	$1,500
Dormant account charges	Monthly	$300
Power of Attorney Authorisation	Per transaction	$5,000
Third party withdrawal	Per transaction	$1,000
Below Minimum balance	Monthly	$300

FX Accounts

Foreign Currency Accounts	Frequency	Value
Duplicate statement for current period	Per page	USD 5
Duplicate statement for over 1 year	Per page	USD 5
Voucher search	Per hour	USD 5
Accounts closed within 90 days – Personal	–	USD 15
Accounts closed within 90 days – Corporate	–	USD 25
Standing order	Per transaction	USD 5
Standing order – NSF	Cancellation after 3 months	USD 5
Transfer between accounts to cover cheques	Per transaction	USD 5
Hold mails (over 90 days)	Monthly	USD 10
Dormant account charges	Monthly	USD 5
Power of Attorney Authorisation	Per transaction	USD 25
Third party withdrawal	Per transaction	USD 5

DDA

Current Accounts (DDA & NOW)	Frequency	Value
Minimum balance threshold	–	–
Minimum balance violation fee	Monthly	$500
Minimum interest on an overdrawn account	Monthly	$2,500
Cheque book fee – personal	30 leaves	$3,500
	50 leaves	$4,200
	100 leaves	$8,400
Cheque book fee – corporate	50 leaves	$5,500
	100 leaves	$11,000
	200 leaves	$22,000
Returned cheques – “Refer to Drawer”	Per unit	$2,000
Temporary cheque leaf	Per unit	$500
Use of uncollected funds	Per transaction	$2,000
Duplicate statement for current period	Per page	$300
Duplicate statement for over 1 year	Per page	$500
Reprint of cheque	Per unit	$300
Voucher search	Per unit	$500
Account closed within 1 month	–	$1,500
Account closed within 3 months	–	$1,000
Account closed within 6 months	–	$500
“STOP” payment order	Per transaction	$1,500
Visa Debitto account via Visa DebitAdvice	Per transaction	$1,000
Standing order	Per transaction	$700
Standing order – NSF	Cancellation after 3 months	$1,000
Transfer between accounts	Per transaction	$1,000
Sweep charges	Per transaction	$700
Hold mail fee	Monthly	$200
Hold mails (over 90 days)	Monthly	$1,500
Dormant account charges	Monthly	$300
Power of Attorney authorisation	Per transaction	$5,000
Encashment of third party cheques	Per transaction	$500
Encashment of other commercial bank cheques	Per transaction	$500

Others

Safe deposit boxes	Frequency	Value
Rental of boxes – 3 x 5 x 24	Per annum	$8,000
Rental of boxes – 5 x 5 x 24	Per annum	$9,000
Rental of boxes – 3 x 10 x 24	Per annum	$11,000
Rental of boxes – 5 x 10 x 24	Per annum	$14,000
Rental of boxes – 10 x 10 x 24	Per annum	$25,000
Non – residents opening requirements – 2 years must be prepaid	Per annum	Same as respective boxes
Rental rebates	–	No rebates
Cost of replacing lock and key (Additional charges will be applied to force box open)	–	$10,000
Access fee	Per visit	$500
Night Depository	Frequency	Value
Rental of bags	Per annum	$10,000
Lost / damaged bags	Per item	$5,000
Replacement trap door key	Per key	$3,000
Canister / box deposits	Monthly	$5,000
Disposable deposit bag	Per item	$275
Funds Transfer	Frequency	Value
Inward EFT	Per transaction	$50
Outward EFT	Per transaction	$100
Manager’s cheque	Per unit	$1,500
Incoming wire transfer	Per transaction	USD 18
Outgoing wire transfer	Per transaction	$5,500
Foreign drafts	Per unit	$2,500
RTGS Transactions	Frequency	Value
Outward RTFS	Per transaction	$500
Visa Debit Cards	Frequency	Value
ATM transactions	Per transaction	$50
Enquiry	–	–
Visa Debit Card	Per unit	$1000
Cardholder (wallet)	Per item	$400
Utility payments	Frequency	Value
Guyana Telephone & Telegraph	Per transaction	$42
Guyana Power & Light	Per transaction	$45
U Mobile	Per transaction	$45
Guyana Water Inc.	Per transaction	$45
Other services	Frequency	Value
Credit reports – Same day	On first account + $500 for each additional account	$4,000
Credit reports – Next day	On first account + $500 for each additional account	$3,000
Embassy statements – Same Date	On first account + $500 for each additional account	$4,000
Embassy statements – Next day	On first account + $500 for each additional account	$3,000
Bank reference letters – Same day	On first account + $500 for each additional account	$4,000
Bank reference letters – Next day	On first account + $500 for each additional account	$3,000
Auditors’ confirmation – Current Year	Per confirmation letter	$3,000
Auditors’ confirmation – Previous Years	Per confirmation letter	$4,000
Special letters – Same day	On first account + $500 for each additional account	$4,000
Special letters – Next day	On first account + $500 for each additional account	$3,000
Certificate of interest earned / paid for Income tax purposes – Current period	Per certificate issue	$3,000
Certificate of interest earned / paid for Income tax purposes – Prior period	Per certificate issue	$4,000
Letter of undertaking	Per annum	$2,000
Payroll and dividend payments	Per transaction	$100
Breaking time deposit before maturity	Per certifcate of deposit	$2,000
Visa Debit/ credit advice	Per transaction	$1,000
Charges for investigations	Per investigation	$2,000
POS cash advances	Per transaction	$2,000
Merchant Charge	Monthly	$3,000

Fee Structure

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