Summary of Fee Increase Review
March 1, 2023
FEE INCREASE March 2023 | |
| Product/Service | New Fees |
| RETAIL DEPOSIT ACCOUNTS | |
| Primary Savings Account Minimum Balance for fee waiver | $5,000.00 |
| Signature Savings Account Minimum Balance for fee waiver | $10,000.00 |
| RETAIL DEPOSIT TRANSACTIONS | |
| All Branch Transactions including Deposits and Withdrawlals | $2.50 |
| Small Business and Corporate & Commercial Banking Deposit Accounts | |
| Branch over the counter Deposits for Small Business customers only | $5.00 |
| SUNDRY FEES | |
| Cheque Book 24 Cheques - Retail (KYD) | $10.00 |
| Cheque Book 24 Cheques - Retail (USD) | $12.00 |
| Cheque Book 48 Cheques - Non Retail (KYD) | $20.00 |
| Cheque Book 48 Cheques - Non Retail (USD) | $24.00 |
| Cheque Book 66 Cheques - Non Retail (KYD) | $50.00 |
| Cheque Book 66 Cheques - Non Retail (USD) | $60.00 |
| Cheque Book 99 Cheques - Non Retail (KYD) | $70.00 |
| Cheque Book 99 Cheques - Non Retail (USD) | $84.00 |
| Inactive Account Fees (apply to all years) | $40.00 |
| OVERDRAFT | |
| Minimum Overdraft Interest Charge | $50.00 |
| Overdraft Handling Fee | $10.00 |
| FUNDS TRANSFERRED & FOREIGN EXCHANGE | |
| Manager's Cheque/Draft Local Currency | $15.00 |
| Foreign Draft (Purchased using Local Currency) | $15.00 |
| Duplicate/Replacement Manager's Cheque /Draft | $75.00 |
| Draft Tracer | $50.00 |
| Flat Charge for each Standing Order negotiated on due date add wire/transfer fee for External Payments | $20.00 |
| Pre-Authorised Payments (PAPs) | $20.00 |
| CASH HANDLING/LODGEMENT | |
| Deposit Content Fee | 0.750% |
| PAYROLL PREPARATION | |
| Making Payment in Cash | $10.00 |
| Payroll submitted by email using Scotiabank format and process per transaction of listing | $3.00 |
| NIGHT DEPOSITORY | |
| Lost/Broken keys | $100.00 |
| Additional Keys on the same Branch Service | $50.00 |
| Rental of Head Door Key for use with plastic depository bags | $100.00 |
| Disposable wallets (per 100 bags/wallets) | $60.00 |
| SAFETY DEPOSIT BOXES | |
| Replacing Lock | $500.00 |
| Annual Rate Residents | |
| Small ( 1 1/2 x 5 x 24) | $60.00 |
| Medium (2 1/2 x 5 x 24) | $80.00 |
| Large (2 1/2 x 10 x 24) (5 x 5 x 24) | $110.00 |
| X Large (5 x 10 x 24) | $130.00 |
| Annual Rate Non Residents | |
| Small ( 1 1/2 x 5 x 24) | $90.00 |
| Medium (2 1/2 x 5 x 24) | $160.00 |
| Large (2 1/2 x 10 x 24) (5 x 5 x 24) | $190.00 |
| X Large (5 x 10 x 24) | $250.00 |
| Drilling of boxes | $500.00 |
| RETAIL LENDING FEES | |
| Personal Loans | |
| Late Payment Fees | $30.00 |
| Mortgages | |
| Late Payment Fees | $30.00 |
| Renewal Fee (plus stamp duty) | $250.00 |
| CREDIT CARD FEES | |
| Over Limit Charge | $35.00 |
| Late Payment Fees | $40.00 |