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
 

 

 

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