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			Tarrifs & Rates

Tarrifs

TARRIF BOOK
Effective 01/02/07		Last Updated 24/01/2007

NO	ITEM	CHARGE
1	SAVINGS ACCOUNTS

	i) Statement	K300 per page

	ii) Withdrawal booklet	K75 per booklet

	iii) Closure of account	K750

	iv) Cash Deposit	Free

	v) Cash Withdrawal	Free

	vi) Monthly Management Fees	K40

2	CURRENT ACCOUNTS
	i) Cheque Books
	b) 50 Pages	K750
	c) 100 Pages	1200
	d) 200 pages	N/A

	ii) History/additional statement beyond one year	K800 per Page

	iii) Statement - same Year - Interim Statement per page	K300 per page

	iv) Dishonoured cheques	K5000

	v) Ledger Fee: Personal Customers	K400
	Corporate Customers	K1750
	Associations, Clubs & NGO's	K600
	EazyGold Customers	K2000

	vi) Special Presentation/clearances	K8000

	vii) Stop Payment	K4000

	viii) Counter Cheque	N/A

	ix) Unarranged Overdraft Charge	K5000

	x) Excess Overdraft	Base plus 10%

	xi) RD Charge	K5000

	xii) Overdraft Arrangement fees	1% min K5000

	xiii) Overdraft Commitment Fees	0.50%

	xiv) Bank Cheque issued	K1800

	xv) Closure fee	K500

	xvi) Funds transfer to other banks within Malawi via CRISP	1/2%, Min 500, Max K2500

	xvii) Funds transfer to another customer within NBS Bank per instruction	K350

3	FIXED DEPOSITS/INVESTMENTS
	I) Replacing of lost Deal Confirmation Slip	K300
	ii) Early cancellation	K500, less 2% on the applicable rate

4	FOREIGN NOTES
	I) Foreign Notes purchases	Free
	ii) Foreign Notes sales	1%min K350,max K3,500

5	TRAVELLERS CHEQUES
	I) Travellers Cheques Sales	1%min K400
	ii) Travellers Cheques purchases	1%min K400 max K5000
	iii) Communication	K350 Flat

6	CASH PASSPORT
	I) Sales	1%min K400
	ii) Purchases	1%min K300 max K5000
	iii) Card Fee on issue (Once Off)	USD 10

7	DRAFTS AND TRANSFERS
	I) Foreign TT/Swift inward	1%min K500,max K3000
	ii) Foreign TT/Swift outward	1%, min K500, max K3000
	iii) Drafts/Bills/Cheques inward	1%min K300,max K2,500
	iv)Drafts/Bills/Cheques outward	1%min K700,max K2,500
	vi) Postage	K350 per transaction
	Viii) SWIFT, Cable, Telex,	K2500
	ix) Draft Cancellation Fee	K1000

8	SALES OF FOREIGN EXCHANGE
	I) Drafts	1% min K600 max K1500
	ii) EC Application charge	K600
	iii) Treasury Bill Settlement	K1000 per transaction

9	STANDING ORDERS
	I) Standing Order - Establishment	K350
	Per Transaction	K350
	FX Standing Order Establishment	K500
10	SUNDRY CHARGES
	I) Replacement of Lost or Stolen Cheque ( Bank Cheque)	K2000

	ii) Identification Letter from Bank	K500 per letter

	iii) Request to Investigate an Account:
	- Less than 6 months	K1000 per investigation
	- Beyond 6 months	K3500 per investigation

	v) Recalled salary	K250 per transaction

	vi) Processing of salaries	K250

	vii) Confirmation of balances to customer's auditors	K3000

	viii) Certificate of Balance	K2500

	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	K3,500 per letter

	xii) Coin bag	K300

	xiii) Sweeping Arrangement/ Establishment	K5000

	ix) Sweeping charge per month	K2500

	x) Statement e-mailer	K50 per month flat
		K30 per e-mail

	xi) Financial Guarantees	1% for every six months

	xii) Safe Custody per annum -	K4000

11	FAX CHARGES
	I) Within Malawi	K400
	ii) Southern Africa Countries	K500 per page
	iii) Rest of the World	K1000 per page

12	MORTGAGES,PERSONAL & SHORT TERM LOANS
	I) Mortgages
	i) Redemption Administration Fees	K3000
	ii) Report on Title	K50
	iii) Report and Valuation Fee	K100
	iv) Indenture on Mortgage	K200
	v) Administration fees on demand of Capital Sums	K2,500
	vi) Withdrawal of Approved Mortgage Loan	K5,000
	vii) Photocopy of Title Deeds	K100 per document
	viii) Requests for Statements over specific periods	K1,500
	ix) Internal Revaluation of Properties	K4,000
	x) Special Letters:
	a) Undertaking to Banks for bridging finances	K1,500
	b) Confirmation of balances to Auditors	K2000
	c) Requests for consents to create 2nd charges	K3000
	xi) Requests for Computer print outs	K150 per page
	xii) Redemption Statement Fee	K500
	xiv) Capitalisation of Arrears	K5,000
	xv) Auction Sale Attendance Fee	K5000
	xvi) Commission for Processing of Post-Dated cheques	Free
	xvii) Statement Fee on Mortgages for Tax Purposes	K1,500
	xviii) Request for reconciliation for an acc beyond six months	K5000
	xix)Owner Contribution	10%

	i) Loans / Mortgages/ Leasing Processing & Administration Fees	1% min K1000 for loans of up K250,000
		1.5% for loansof btween k250,000 and K1,500,000
		2% for loans between K1.5. And K10m
		2.5% for loans above K10m

13	ATM CHARGES
	i) Transaction Fee	K30 per transaction
	ii) EazyBank Classic - New Card	K500
	iii) EazyBank Classic - Replacement	K600
	iv) EazyBank Plus - New Card	K750
	v)EazyBank Plus - Replacement	K800
	vi) EazyBankGold - New Card	K1000
	vii) EazyBankGold - Replacement	K1500

14	LETTERS OF GUARANTEE
	i) Shipping Guarantee	1% up to six months. Thereafter
		1.5% for each six months, min K3500
	ii) Bonds/other Guarantees	1% per six months min K5000
	iii) Advance Working Capital Bonds Perfomance Bonds	1.5% per six months min K8000
	iv) Guarantee Commitment fee	0.50%
	v) Foreign Guarantee Issued	1% Flat
	vi) Inward Bank Guarantee	1% every six months, min K2500

15	LETTERS OF CREDIT
	Outward
	i) Commision Establishment	1/2% per month or part thereof Min K4500 for L/Cs
		without cash upfront
		1/2% for each 3 months or part thereof Min K3,500
		for L/Cs with cash upfront
	ii) Accepted Draft	1/2% per Month, Min 3,000
	iii) Amendment	K4,000 flat
	iv) Swift/Telex/Cable on Establishment	K5,000 flat
	v) Telex/Cable on Amendment of LC	K3,500 flat
	vi) Extension of period or increase	1/2% per month or part thereof for L/Cs
		without cash upfront Min K4,000
		1/2% for each 3 months or part thereof Min K4,000
		with cash upfront
	vii) Drawing	1% Min. K1000.Max K7000
	viii) Cancellation Fee	K5,000 flat

	Inward
	i) Confirmation	1% per Month. Min K4500
	ii) Advising/Amendment	K3,500 flat
	iii) Acceptable/Negotiation	1% Min K1,000. Max K4,500
	iv) Telex/Cable	K3,500 flat
	v) Courier	Courier rate after surtax plus 25%
	vi) Accepted Drafts	K2000 per item
	vii) Cancellation Fee	K3,500 flat
	viii) Discrepant Document	K1500 flat

16	FCDAs
	I) Transfer from FCDA to Mk account of another bank	1% min K500 Max K3000
	ii) Payment via SWIFT from Vostro account	1% min K500 Max K3000
	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 15 per deposit
	viii) Certificate of Deposit	USD 15 per deposit
	viiii) Copy Statement	USD 3
	x) Investigating beyond 6 months	USD 40 per investigation

17	BILLS
	Bills for Collection
	I) Commission - Documentary	1% min K3000 max K8500
	- Clean	1% min K3000 max K5500
	ii) Telex / SWIFT	K3500
	iii) Postage	K2100
	iV) Courrier Service	Courier rate plus VAT plus 25%
	V) Stamp Duty	As per stamp Act
	vi) Bill Extension	K4000

	Bills Negotiated
	I) Commission - Documentary	1% min K2500 max K8500
	- Clean	1% min K3000 max K5500
	ii) Postage	K2100
	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 K2000 max K8500
	ii)Delivery against cash deposit or written undertaking to pay	1% min K2000 max K8500
	iii)Return to principals	USD 25
	iv) Bonding / Release	1% min K2200 max K8500
	v) Customs bank release (Customs Clearing Certificate)	K3500 flat
	Vi) Documents returned to Principal	K5500 flat
	vii) Delivery to consignees - unaccompanied bills	1% min K2000 max K8500