| |
Effective 1st January 2010
|
|
| |
SAVINGS ACCOUNTS |
|
| |
|
|
| |
i) Statement |
K500 per page |
| |
|
|
| |
ii) Withdrawal booklet |
K75 |
| |
|
|
| |
iii) Closure of account |
K1,000 |
| |
|
|
| |
iv) Cash Deposit |
Free |
| |
|
|
| |
v) Cash withdrawal on ATM |
K55 |
| |
vi ) Cash Withdrawal over counter |
Free |
| |
vii) Monthly Management Fees |
K80 |
| |
|
|
| |
|
|
| |
CURRENT ACCOUNTS |
|
| |
i) Cheque Books |
|
| |
a) 25 pages |
|
| |
b) 50 Pages |
K1,000 |
| |
c) 100 Pages |
K2,000 |
| |
d) 200 pages |
|
| |
|
|
| |
ii) History/additional statement beyond one year |
K1,200 |
| |
|
|
| |
iii) Statement - same Year - Interim Statement per page |
K500 |
| |
|
|
| |
iv) Dishonoured cheques |
K7000 |
| |
|
|
| |
v) Ledger Fee: Personal Customers |
K550 |
| |
Corporate Customers |
K2500 |
| |
Associations, Clubs & NGO's |
K600 |
| |
EazyGold Customers |
K3500 |
| |
|
|
| |
vi) Special Presentation/clearances |
K10,500 |
| |
|
|
| |
vii) Stop Payment |
K5,500 |
| |
|
|
| |
viii) Counter Cheque |
K500 |
| |
|
|
| |
ix) Unarranged Overdraft Charge |
K6000 |
| |
X) Unarranged overdraft fees per month |
K5000 |
| |
xi) Excess Overdraft interest Rate |
Base plus 10% |
| |
|
|
| |
xii) RD Charge |
K6000 |
| |
xiii) Overdraft Arrangement fees |
1% min K6000 |
| |
xiv) Defaulters pricing |
Base plus 10% |
| |
xv) Overdraft Commitment Fees |
0.5 percent |
| |
xvi)Bank Cheque issued |
K2000 |
| |
xvii) Overdrafts renewal fees |
1% min K6000 |
| |
xviii) Closure fee |
|
| |
|
|
| |
FIXED DEPOSITS/INVESTMENTS |
|
| |
I) Replacing of lost Deal Confirmation Slip |
K300 |
| |
ii) Early cancellation |
K600, less 2% on the applicable rate |
| |
|
|
| |
FOREIGN NOTES |
|
| |
I) Foreign Notes purchases |
Free |
| |
ii) Foreign Notes sales |
1% min K500 max K4000 |
| |
|
|
| |
TRAVELLERS CHEQUES |
|
| |
I) Travellers Cheques Sales |
1% min K600 |
| |
ii) Travellers Cheques purchases |
1% min K600 max K7500 |
| |
iii) Communication |
K500 flat |
| |
iv) Sales against FCDA balances |
Free |
| |
VISA DEBIT |
|
| |
Visa Electron Card |
|
| |
New Card |
K1500 |
| |
Replacement |
K2000 |
| |
Renewal |
K1200 |
| |
CASH PASSPORT |
|
| |
I) Sales |
1% min K550 |
| |
ii) Purchases |
1%min K400 max K5000 |
| |
iii) Card Fee on issue (Once Off) |
USD 10 |
| |
|
|
| |
DRAFTS AND TRANSFERS |
|
| |
I) Foreign TT/Swift inward |
1%min K600,max K4500 |
| |
ii) Foreign TT/Swift outward |
1%, min K1000, max K5500 |
| |
iii) Drafts/Bills/Cheques inward |
1%min K600,max K4,500 |
| |
iv)Drafts/Bills/Cheques outward |
On Collection - 1%min K950,max K3,500 |
| |
|
Negotiated - 1% min K950 Max K5500 |
| |
vi) Postage |
K550 per transaction |
| |
Viii) SWIFT, Cable, Telex, |
K3000 Flat |
| |
ix) Draft Cancellation Fee |
K1500 Flat |
| |
x) Repurchase of drafts |
1%, min K550 Max K3500 |
| |
x) Reissue of drafts |
1%, min K550, Max K45000 |
| |
ii) EC Application charge |
K1000 |
| |
iii) Treasury Bill Settlement |
K1500 per transaction |
| |
|
|
| |
FAX CHARGES |
|
| |
I) Within Malawi |
K400 |
| |
ii) Southern Africa Countries |
K500 per page |
| |
iii) Rest of the World |
K1000 per page |
| |
|
|
| |
MORTGAGES,PERSONAL & SHORT TERM LOANS |
| |
I) Mortgages |
|
| |
i) Redemption Administration Fees |
K5000 |
| |
v) Administration fees on demand of Capital Sums |
K6000 |
| |
vi) Withdrawal of Approved Mortgage Loan |
K6,000 |
| |
vii) Photocopy of Title Deeds |
K150 per document |
| |
viii) Requests for Statements over specific periods |
K200 per page |
| |
ix) Internal Revaluation of Properties |
K15,000 plus costs if done at customers request |
| |
x) Special Letters: |
|
| |
a) Undertaking to Banks for bridging finances |
K4000 |
| |
b) Confirmation of balances to Auditors |
K3500 |
| |
c) Requests for consents to create 2nd charges |
K4000 |
| |
xii) Redemption Statement Fee |
K500 |
| |
xiv) Capitalisation of Arrears |
K15,000 |
| |
xv) Auction Sale Attendance Fee |
|
| |
xvi) Commission for Processing of Post-Dated cheques |
Free |
| |
xvii) Statement Fee on Mortgages for Tax Purposes |
K3,000 |
| |
xviii) Request for reconciliation for an acc beyond six months |
K6500 |
| |
|
|
| |
i) Loans / Mortgages/ Leasing Processing & Administration Fees |
1% min K1,500 for loans of up K250,000 |
| |
|
1.5% for loansof between k250,000 and K1,500,000 |
| |
|
2% for loans between K1.5. And K10m |
| |
|
2.5% for loans above K10m |
| |
ii) Personal Loans |
|
| |
iii) Asset Finance |
|
| |
iv) Mortgage Finance |
|
| |
v) Employer Guaranteed Loans |
|
| |
vi) Unpaid loan instalment |
|
| |
vii) Home improvement |
|
| |
|
|
| |
ATM CHARGES |
|
| |
i) Withdrawal Fee |
K55 |
| |
ii) Ministatememet |
K5 |
| |
iii) Balance Enquiry |
Free |
| |
iv) EazyBank Classic - New Card |
K900 |
| |
v) EazyBank Classic - Replacement |
K1500 |
| |
vi) EazyBank Plus - New Card |
K1500 |
| |
vii)EazyBank Plus - Replacement |
K1700 |
| |
viii) EazyBankGold - New Card |
K3000 |
| |
ix) EazyBankGold - Replacement |
K3500 |
| |
|
|
| |
LETTERS OF GUARANTEE |
|
| |
i) Shipping Guarantee |
1% up to six months. Thereafter |
| |
|
1.5% for each six months, min K5500 |
| |
ii) Bonds/other Guarantees |
1% per six months min K5500 |
| |
iii) Advance Working Capital Bonds Perfomance Bonds |
1.5% per six months min K8500 |
| |
iv) Guarantee Commitment fee |
0.50% |
| |
v) Foreign Guarantee Issued |
1% Flat |
| |
vi) Inward Bank Guarantee |
1% every six months, min K3000 |
| |
vii) Guarantees executed under company seal |
1.5% per 6 months, Min K12,000 |
| |
|
|
| |
LETTERS OF CREDIT |
|
| |
Outward |
|
| |
i) Commision Establishment |
1/2% per month or part thereof Min K5000 for L/Cs |
| |
|
without cash upfront |
| |
|
1/2% for each 3 months or part thereof Min K4,500 |
| |
|
for L/Cs with cash upfront |
| |
ii) Accepted Draft |
1/2% per Month, Min 3,000 |
| |
iii) Amendment |
K4,500 flat |
| |
iv) Swift/Telex/Cable on Establishment |
K6,500 flat |
| |
v) Telex/Cable on Amendment of LC |
K4,000 flat |
| |
vi) Extension of period or increase |
1/2% per month or part thereof for L/Cs |
| |
|
without cash upfront Min K4,500 |
| |
|
1/2% for each 3 months or part thereof Min K4,500 |
| |
|
with cash upfront |
| |
vii) Drawing |
1% Min. K1500.Max K7,500 |
| |
viii) Cancellation Fee |
K6,500 flat |
| |
|
|
| |
Inward |
|
| |
i) Confirmation |
1% per Month. Min K5,500 |
| |
ii) Advising/Amendment |
K5,000 flat |
| |
iii) Acceptance/Negotiation |
1% Min K1,500. Max K5,000 |
| |
iv) Telex/Cable |
K5,000 flat |
| |
v) Courier |
Courier rate after surtax plus 25% |
| |
vi) Accepted Drafts |
K3500 per item |
| |
vii) Cancellation Fee |
K5,000 flat |
| |
viii) Discrepant Document |
K3,000 flat |
| |
|
|
| |
FCDAs |
|
| |
I) Transfer from FCDA to Mk account of another bank |
1% min K750 Max K5000 |
| |
ii) Payment via SWIFT from Vostro account |
1% min K750 Max K3500 |
| |
iii) Transfer from FCDA to Mk account within NBS Bank |
Free |
| |
iv) Transfer from FCDA to another account of another bank in foreigh currency |
USD 5 |
| |
|
SWIFT Message USD 35 |
| |
v) Dishonoured Foreigh cheque |
USD15 plus agent bank charges |
| |
vi) Returning Funds |
Transaction Cost - USD 10 |
| |
|
SWIFT Message - USD 15 |
| |
vii) Postage on Foreign cheque deposited to FCDA |
USD 20 per deposit |
| |
viii) Certificate of Deposit |
USD 20 per deposit |
| |
viiii) Copy Statement |
USD 5 |
| |
x) Investigating beyond 6 months |
USD 40 per investigation |
| |
xi) Account closure fee |
|
| |
BILLS |
|
| |
Bills for Collection- Foreign |
|
| |
I) Commission - Documentary |
1% min K3500 max K10,000 |
| |
- Clean |
1% min K3500 max K6500 |
| |
ii) Telex / SWIFT |
K3500 |
| |
iii) Postage |
K2500 |
| |
iV) Courrier Service |
Courier rate plus VAT plus 25% |
| |
V) Stamp Duty |
As per stamp Act |
| |
vi) Bill Extension |
K4500 |
| |
|
|
| |
Bills for Collection- Local |
|
| |
i) Commision |
1% min, K3000, Max. K10,000 |
| |
ii) Daily Presentation |
K1000 flat |
| |
iii) Cheques |
K2000 per Collection |
| |
|
|
| |
Bills Negotiated |
|
| |
I) Commission - Documentary |
1% min K3000 max K9500 |
| |
- Clean |
1% min K3500 max K6500 |
| |
ii) Postage |
K2500 |
| |
iii) Courrier Service |
Courier rate plus VAT plus 25% |
| |
iv) Stamp Duty |
As per stamp Act |
| |
|
|
| |
Bills - Shipping Documents |
|
| |
I)Composite bills of lading requiring release |
1% min K2500 max K9500 |
| |
ii)Delivery against cash deposit or written undertaking to pay |
1% min K2500 max K9500 |
| |
iii)Return to principals |
USD 25 |
| |
iv) Bonding / Release |
1% min K2500 max K9500 |
| |
v) Customs bank release (Customs Clearing Certificate) |
K4000 flat |
| |
Vi) Documents returned to Principal |
K6000 flat |
| |
vii) Delivery to consignees - unaccompanied bills |
1% min K2500 max K9500 |
|
|
|
| |
BILL CHARGES- SUNDRY |
|
|
I) Delays on Acceptance |
K5000 per week |
|
ii) Payment to Local Third |
1/2% Min. K2,000, max K5,000 |
|
iii) Noting |
USD30 plus costs (recovered from remitting bank) |
|
iv) Release of parcel slip |
K3,500 per release |
|
|
|
|
|
|
| |
SAFE CUSTODY |
|
|
i) Open Packet |
|
|
ii) Sealed Packet |
|
|
iii) Small Deed Box |
|
|
iv) Large Deed Box |
|
|
v) Inspection |
|
|
vi) Wills held on behalf of customers |
|
|
|
|
| |
SUNDRY CHARGES |
|
| |
I) Replacement of Lost or Stolen Bank Cheque |
K3000 |
| |
|
|
| |
ii) Identification Letter from Bank |
K1500 per letter |
| |
|
|
| |
iii) Request to Investigate a Transactionn |
|
| |
- Less than 6 months |
K2,500 per investigation |
| |
- Beyond 6 months |
K4,000 per investigation |
| |
|
|
| |
v) Recalled salary |
K600 |
| |
|
|
| |
vi) Processing of salaries -Manual |
K350 per entry |
| |
- Electronic |
K100 per entry |
| |
vii) Confirmation of balances to customer's auditors |
K3500 |
| |
|
|
| |
viii) Certificate of Balance |
K4000 |
| |
|
|
| |
ix) Processing Tobacco Sales - If a farmer appears more than |
K250 |
| |
once charge the number of times |
|
| |
|
|
| |
x) Special letters to Board of Registration of Contractors |
K5500 |
| |
|
|
| |
xii) Coin bag |
K650 |
| |
|
|
| |
xiii) Sweeping Arrangement/ Establishment |
K5000 |
| |
|
|
| |
ix) Sweeping charge per month |
K3000 |
| |
|
|
| |
x) Statement e-mailer |
K50 per month flat |
| |
|
K30 per e-mail |
| |
|
|
| |
xi) Financial Guarantees |
To be based on the scale of processing fees |
| |
|
|
| |
xii) Safe Custody per annum |
K7500 |
| |
|
|
| |
I) Standing Order - Establishment |
K550 flat |
| |
ii) Per Transaction |
K550 |
| |
iii) Insurance Companies |
2.50% |
| |
iv) Processing for other banks |
K500 per transaction |
| |
|
|
| |
xix) Funds transfer to other banks within Malawi via RTGS |
1/2%, Min 500, Max K3500 |
| |
xx) Funds transfer to another customer within NBS Bank per instruction |
K5000 |
| |
^ TOP |
|