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Fee changes
effective September 1, 2024
Please be advised that effective September 1, 2024, there will be changes to some of our fees. For a full list of these changes are outlined below.
Please feel free to contact us at anytime at 345.949.7666 if you have any questions.
| Summary of Fee Increase Review |
for Implementation September 1, 2024*
| Product/Service | New Fees |
| Retail Banking Accounts | |
| AT39 - Primary Savings | $5.00 |
| AT39 - Primary Savings (foreign currency) | $9.00 |
| Branch Transactions (Deposits, Withdrawals and Cheques) | $2.65 |
| Lending | |
| Application/Internal processing fee (SPL and Auto excluding PA) | 1.50% |
| Minimum Renewal Fee- Mortgage | $500.00 |
| Prepayment Fee/Early Payout - SPL and Auto | 90 days interest |
| Late Payment Fee | $40.00 |
| Credit Cards | |
| Mastercard Standard | $50.00 |
| Mastercard Standard Supplementary | $25.00 |
| Mastercard Gold | $125.00 |
| Mastercard Gold Supplementary | $62.00 |
| Mastercard AA | $140.00 |
| Mastercard AA Supplementary | $70.00 |
| Mastercard Black Supplementary | $247.00 |
| Amex Platinum Supplementary | $230.00 |
| Sundry Fees | |
| Letters/Certificate on Account: | |
| Branch | $60.00 |
| Contact Centre/Online | $40.00 |
| Wires: | Up to $2,000 1% or MIN $50.00 $2,001-$10,000 1/2% or MIN $80.00 $10,001 -$25,000 1/4% or MIN $90.00 $25,001- $100,00 1/8% or MIN $100.00 $100,001 - $500,000 1/16% or MIN $110.00 $500.001 and over 1/32% or MIN $120.00 with Max $1,000.00 Plus Swift Fee of $15.75 |
| Online Transfer | $1.00 |
| Cash Handling Fee for Coins only | 5.00% |
| Duplicate Statement/Statement Request | $5.25 |
| Interim Statements | $5.25 |
| Stop Payment Oder | $26.25 |
| NSF Cheques/Cheques Returned (Any reason) and Items deposited subsequently charged back - Local Currency | $47.25 |
| NSF Cheques/Cheques Returned (Any reason) and Items deposited subsequently charged back - Foreign Currency | $47.25 |
| Certified Cheque - at drawer's or representative request | $5.25 |
| Online Transfers via ACH and ETF | $1.00 |
| Search for vouchers, records or accounts | $57.75/ hour |
| Transfer to other accounts at Scotiabank - In Branch | $5.25 BRN |
| Transfer to accounts at other bank - Branch | $10.50 BRN |
| After 2 years notice of inactivity | $42.00 |
| After 5 years notice of inactivity | $42.00 |
| After 7 years notice of inactivity | $42.00 |
| Retail Account closure charge - accounts closed within 3 months | $36.75 |
| Non Retail Account closure charge - accounts closed within 3 months | $36.75 |
| Duplicate Certificates of Deposit | $0.00 |
| Duplicate Passbook (replace or lost) | $10.50 |
| Requests for Physical Cheques – per request charge | $10.50 |
| Securities transactions - purchase/sale | 1/4% (Min $26.25) |
| Securities - delivery, receipt, exchange, transfer or registration | tiered |
| Utility bill fee to utility company | $1.58 |
| Minimum Overdraft Interest Charge - Calculated on maximum daily balance | $52.50 |
| Overdraft Handling Fee (per item) | $10.50 |
| Manager's Cheques / Draft (Local Currency) | $15.75 |
| Foreign Draft (Purchased using Local Currency) | $15.75 |
| Foreign Draft (Purchased with Foreign Currency) | Up to $999 1/2% MIN $10.50 $1,000-$4,999 1/4% MIN $15.75 $5,000-$14,999 1/8% MIN $26.25 $15,000-$49,999 1/16% MIN $36.75 $50000-$499,999 1/32% MIN $52.50 Over $500,000 1/100% MIN $210.00 |
| Duplicate/Replacement Manager’s Cheque & Draft | $78.75 |
| Draft/Wire Tracer | $52.50 |
| Incoming Wire Transfers | $5.00 per transaction for all currencies |
| Flat Charge for each order negotiated on due date Add wire / transfer fee for External Payments |
$21.00 |
| Pre-Authorised Payments (PAPs) | $21.00 |
| Establishment Fee | $131.25 |
| Monthly Fee | $131.25 |
| Cheque Book (24 Cheques) - Retail | KYD $10.50 USD $12.60 |
| Cheque Book (48 Cheques) - Retail | KYD $15.75 USD $18.90 |
| Cheque Book (48 Cheques) - Non-Retail | KYD21.00 USD25.20 |
| Loose Cheques (33 Leaves) - Non-Retail (3 Cheques per Leave) | KYD31.50 USD37.80 |
| Loose Cheques (66 Leaves) - Non-Retail (3 Cheques per Leave) | KYD $52.50 USD $63.00 |
| Loose Cheques (99 Leaves) - Non-Retail (3 Cheques per Leave) | KYD $73.50 USD $88.20 |