Bahamas WEB DOCUMENT (update Sept 15 2014)

CLIENT DOCUMENT
PERSONAL BANKING
DEPOSIT ACCOUNTS
REGULAR CHEQUING ACCOUNT
Minimum monthly fee
Minimum balance to avoid monthly service fee
Currency
Minimum balance to attract interest
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Per cheque/debit transaction
ATM withdrawals (per item)
Branch (includes transfers, withdrawals, bill
payments)
ATM Mini Statements/ Balance Enquiry
Online Banking
Deposits
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
BONUS CHEQUING ACCOUNT
Minimum monthly fee
Minimum balance to avoid monthly service fee
Currency
Minimum balance to attract interest
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Per cheque/debit transaction
ATM withdrawals (per item)
Branch (includes transfers, withdrawals, bill
payments)
ATM Mini Statements/ Balance Enquiry
Online Banking
Deposits
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
REGULAR SAVINGS ACCOUNT
Minimum monthly fee
Minimum balance to attract interest
Minimum balance to avoid monthly service fee
Currency
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Branch (includes transfers, withdrawals, bill
payments)
ATM withdrawals (per item)
ATM Mini Statements/ Balance Enquiry
Online Banking
Deposit
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
RBC ASUE ACCOUNT
Minimum monthly fee
Minimum balance to avoid monthly service fee
Minimum balance to attract interest
1
Fee
$10.00
N/A
BSD
N/A
$100.00
5 free debits (cheques)
$1.00
$1.00
$1.50
FREE
FREE
FREE
Yes
N/A
Monthly
Yes
$15.00
N/A
BSD
$100.00
$500.00
10 free debits (cheques)
$1.00
$1.00
$1.50
FREE
FREE
FREE
Yes
N/A
Monthly
Yes
$2.00
$500.00
$500.00
BSD
$100.00
1 free debit (ATM)
$1.50
$1.00
FREE
FREE
FREE
N/A
Quarterly
Quarterly
N/A
FREE
N/A
$100.00
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
Currency
Minimum Opening Balance
BSD
100.00
Number of transactions Included
Branch (includes transfers, withdrawals, bill
payments)
ATM withdrawals (per item)
ATM Mini Statements/ Balance Enquiry
Online Banking
Deposit
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
N/A
Transaction Fees
Other
SIXTY PLUS ACCOUNTS (Savings & Chequing)
Monthly fee
Minimum balance to avoid monthly service fee
Minimum balance to attract interest
Currency
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Branch (includes transfers)
ATM withdrawals (per item)
ATM Mini Statements
Online Banking
Deposit
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
Other
$1.50
N/A
N/A
FREE
FREE
N/A
Quarterly
Quarterly
N/A
- Free standing order from another
account into the Asue Account.
- $50 Penalty levied for early withdrawal
(i.e. less than 12 months)
$2.00
$500.00
$100.00
BSD
$100.00
Unlimited
Free
Free
Free
Free
Free
Yes (Sixty Plus Chequing)
Quarterly
Quarterly
Yes (Sixty Plus Chequing)
$10 Stop payment fee
$10 Safe Deposit Box annual rebate
COLLEGE PASSPORT ACCOUNT
Monthly fee
Minimum balance to avoid monthly service fee
Minimum balance to attract interest
Currency
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Branch (includes transfers)
ATM withdrawals (per item)
ATM Mini Statements
Online Banking
Deposit
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
TERM DEPOSIT ACCOUNTS
Currency
Minimum Opening Balance
Transaction Fees
Free
N/A
N/A
BSD
$100.00
1 free debit (ATM)
$1.50
$1.00
FREE
FREE
FREE
N/A
Quarterly
Quarterly
N/A
BSD
$1,000.00
Interest is forfeited if redeemed within
first 3 months
2
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
In excess of 3 months 1% less of
accrued interest or the accrued interest,
whichever is less; $40 minimum penalty
fee
DEPOSIT ACCOUNT PACKAGES
ROYAL CERTIFIED SERVICE
Flat monthly fee
Minimum balance to attract interest
Minimum balance to avoid monthly service fee
Currency
Minimum Opening Balance
Transaction Fees
Number of transactions Included
Branch (includes transfers)
ATM withdrawals
ATM Mini Statements/ Balance Enquiry
Online Banking
Deposit
Cheque writing privilege
Pay Interest
Statement Frequency
Overdraft Available
SERVICES RELATED TO DEPOSIT ACCOUNTS
$36.00
N/A
N/A
BSD
$500.00
Unlimited
FREE
FREE
FREE
FREE
FREE
Yes
N/A
Quarterly
Yes
Visa Debit/ATM/Client Card
RBC ATM Withdrawal (in-country)
$1.00
Other Bank ATM Withdrawal (in-country)
$4.00 + 0.50%
Any Bank ATM Withdrawal (out-of-country)
$3.00 + 2.50%
POS Transaction (in-country) - approved
(Visa Debit only)
Free
POS Transaction (out-of-country) -- approved
Other Bank ATM Transaction (in-country) -declined
ATM or POS Transaction (out-of-country) -declined
$0.00 + 2.50%
$0.50
$1.00
Other Bank Balance Enquiry (in-country)
$0.50
Other Bank Balance Enquiry (out-of-country)
$0.50
Replacement Card (Lost, stolen, broken)
$5.00
Deposits, transfers and inquiries
FREE
Royal Online is a self-service delivery
channel for clients to access their
accounts from any computer with
internet access 24 hours a day, 7 days a
week from anywhere in the world.
ROYAL ONLINE INTERNET BANKING
Monthly fee
FREE
View account transactions
FREE
FREE
Pay bills, credit cards and loans
3rd party transfer (per transaction)
FREE
OTHER DEPOSIT ACCOUNT RELATED SERVICES
Accounts Closed Within 90 Days of Opening
$15.00
Internal Transfers between Deposit Accounts
Each transfer request
$10.00
Transfer Advice (if required)
$2.00
All accounts with no client-initiated entries over one
year for which there is no response to notice sent
Unclaimed balances remitted to Central Bank
(After 7 years of dormancy)
Interim statement request
Statement photocopies
First page
Each additional page
3
$25.00 (per annum)
$50.00
$5.00
$5.00
$1.00
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
Certificate opf interest earned
Auditor's Bank Confirmations
$20.00
Per confirmation
Where extraordinary work is required, charge per
hour
Credit Reports/Certificate of Account Balances
Per report/letter
Letters to Consulates
Searching for account
Search for records (per hour)
$30.00
Search for vouchers (per hour)
Importation of USD Cash
Fee for Foreign Currency Cash in excess of the
equivalent of US$5,000 credited to foreign
currency amounts
$30.00
$25.00
$20.00
$15.00
$30.00
$3.00 per entry or $30.00 per hour,
whichever is greatest
0.5% of value of cash shipment includes
strap fee, stamp tax, freight & duty
All denominations - 1%
Conversion at the board rate. Standing
order charge of $2.00 will apply
Transfer from USD to BSD accounts
Charge for handling cash deposits
-Local Currency$10,000 and over for over-the-counter
transactions
Handling of coins exchanged for paper
$100 worth of coins and over. (Applies to
Non-RBC clients only)
1% of deposit amount
1% of value of coins (Applies to NonRBC clients only)
4
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
PAYMENTS AND CHEQUE HANDLING
Unauthorized overdrafts
Unpostable items (Items paid against uncleared
back to customer)
Dishonored cheques (Not Sufficient Funds)
Stop payments - Cheques
Cheques (Applies to Sixty Plus accounts as well as
regular accounts)
Local and Foreign Drafts
Foreign Cheques
Deposit items returned unpaid
Standing order payments
In-branch credits to personal accounts In the same
name
In-branch credits to other personal account (from
one personal a/c to another in different names)
Payment by local draft/wire-plus out of pocket
expenses
Verification of cheque by telephone
Telephone calls requesting services available on
ABM and Royal Online
Cheque recalled at customer request
Cheque Cashing Fee -Non Clients (OTC fee)
BILL PAYMENTS
Persons paying bills - over the counter-per
transaction
via ABM Machine/Royal Online Internet Banking
CREDIT FACILITIES
VISA & MASTERCARD - CREDIT CARDS
Annual Fees
Visa Classic & MasterCard Standard
Co-Applicant
Visa Gold & Gold MasterCard
Co-Applicant
Visa Platinum Rewards
Co-Applicant
Visa & MasterCard Fees
Cash Advance Fee
Late Payment Charge
Over Limit Charge
Dishonoured Cheque Charge
Excessive decline charges
(charge applied after first 2 declines)
Replacement Card fee
Foreign Exchange on transactions
not in BSD/USD currencies
5
$15.00
$15.00
$25.00
$10.00
$30.00
$40.00
$5.00
$6.00
$10.00
$15.00
$3.00
$5.00
$10.00
5.00 units of currency of cheque
$1.50
FREE
$45.00
$25.00
$70.00
$35.00
$125.00
$60.00
3% minimum $5
$40.00
$30.00
$40.00
$1.00
$25.00
1.50%
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
BSD cards subject to Bahamas stamp tax
1.50%
Statement copy fee (other than current statement
$5.00
period)
Sales/cash Advance draft copy fee - each copy
$5.00
Urgent payment fee
$25.00
Rush card fee
$25.00
Investigation Fee
$30.00
Interest Rate
18%
PERSONAL LOAN FEES
Personal Loans: Commitment fees/Negotiation
fees/ Service charge/ Arrangement/ Administrative
fees
All loans, including refinance/add-on, except car
loan
1.5% of loan amount, Minimum $125
New and used car loans
$250 flat fee
Personal Demand Loan - Annual Fee
0.5% of loan amount, Minimum $125
Mortgages
Land loans - Commitment Fee
2% of loan amount
Developed property- Commitment Fee
2% of mortgage amount
Construction loan - Commitment Fee
2% of mortgage amount
100.00
Mortgage Satisfaction/Discharge of mortgages $
25.00
Statement Letters $
25.00
Settlement Letters $
Personal Overdraft
Administrative fee
1% minimum $125
0.5% Minimum $125
Annual Renewal Fee
Interim Reviews/ Additions/Temporary
Facilities/Excesses/Amendments
0.125 - 0.5% Minimum $100
Personal Overdraft Interest - Fully Secured
9.25%
Personal Overdraft Interest - Unsecured
18.00%
Commitment Fee - 1% of loan amount
Royal Premier Residential Property Loan
$30.00
Late payment fee
0.5% of loan amount. Minimum $125
Annual Renewal Fee
WIRES & TELEPHONE TRANSFERS
OUTGOING PAYMENTS
Draft/Mail Transfer
Payment to other Banks - local wires and
telephone transfers
$6.00
$5.00 plus government stamp tax
6
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
Paid for in Bahamian Dollars Sold at the
applicable foreign exchange selling rate
In Branch
Up to $9,999
$50.00
$10,000 - $24,999
$60.00
$25,000 - $99,999
$71.50
$100,000 - $249,999
$95.00
$250,000 - $499,999
$111.50
$500,000 - 1,000,000
$126.50
over $1,000,000 Apply rate of 0.0156%
Via ROLG
$33.50
$46.50
$61.50
$81.50
$101.50
$116.50
Paid for with another foreign currency
In Branch
Via ROLG
Up to $9,999
$61.50
$51.50
$10,000 - $24,999
$71.50
$61.50
$25,000 - $99,999
$81.50
$71.50
$100,000 - $249,999
$106.50
$96.50
$250,000 - $499,999
$121.50
$111.50
$500,000 - 1,000,000
$171.50
$131.50
over $1,000,000 Apply a rate of 0.0156%
Investigations for transfers resulting from errors in
transmissions which can be attributed to clients
(i.e. wrong address, beneficiary etc.) - plus out of
pocket expenses
$35.00
INCOMING PAYMENTS
Foreign currencies paid in BSD or converted to
another foreign currency are to be converted at the
applicable buying exchange rate.
Credited to an account
$6.00
Paid in cash or by draft in same currency
$6.00
TRAVELLERS' CHEQUES
American Express - Cashing
Free
Visa Traveller's Cheques - Cashing
$0.25
Other Travellers Cheques - Cashing
$1.15
Negotiation Charge for instruments
drawn on banks outside The Bahamas.
instruments converted to Bahamian
dollars use current exchange rate plus
below charges.
NEGOTIABLE INSTRUMENTS
Visa - Cash Advances
2%
Cheques cashed against holders of Royal Bank
Cards (if paid in the same currency
FREE
All other instruments cashed in same currency
1/2 of 1%
Minimum
$2.00
SAFEKEEPING & SAFETY DEPOSIT BOXES
SAFEKEEPING
Annual safekeeping charges for:
Stock Certificates/Bonds
$15.00
Plus additional charge per class
$20.00
7
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
Minimum charge per client
Documents (e.g. Insurance Policies) per document
Sealed envelopes
Small packages
Large package, box, trunk
Computer tapes/disc.
Access Fee Each entry to Safekeeping
Higher charges shall be made for bulky or
otherwise inconvenient articles. The charges apply
to items held at the branch and are also minimum
charges for items held elsewhere. Where
overseas depository charges are higher, these
shall be recovered in full
SAFETY DEPOSIT BOX
Replacement Keys
Drilling of the box as a result of: lost key plus cost
of drilling and replacement key
Rental Arrears plus cost of drilling and replacement
of lock
rates vary according to size
Small
Medium
Large
Extra-Large
Annual Charges
Box Size
1 1/2" x 5" x 24"
1 1/2" x 5 1/4" x 24"
1 3/4" x 4 3/4" x 24"
1 3/4" x 5 1/4" x 24"
2" x 4 3/4" x 24"
2" x 5" x 24"
2 1/4" x 5 1/2" 24"
2 1/2" x 5 x 24"
2 1/2" x 5 1/4" x 24"
2 1/2"x 10 3/8" x 24"
3" x 11 1/4" x 24"
3 1/4" x 5" x 24"
8
$55.00
$25.00
$55.00
$85.00
$150.00
S/B $125.00
$7.50
$50.00
$20.00
$100.00
$200.00
$65.00
$170.00
$325.00
$490.00
Per Annum
$60.00
$60.00
$60.00
$60.00
$65.00
$65.00
$75.00
$75.00
$75.00
$140.00
$180.00
$100.00
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
3 1/2" x 10 3/4" x 24"
4 3/4" x 5 1/4" x 24"
4 3/4" x 10 1/4" x 24"
4 3/4" x 10 3/4" x 24"
4 3/4" x 11" x 24"
5" x 5" x 24"
5" x 10 1/4" x 24"
5" x 10 3/8" x 24"
6 3/4" x 10 3/4" x 24"
6 3/4" x 11 1/4" x 24"
8 3/4" x 10 3/4" x 24"
9 3/4" x 11 1/4" x 24"
9 3/4" x 22 3/4" x 24"
10" x 10" x 24"
10" x 15 3/4" x 24"
For other sizes (rate per cubic inch)
Note: When rental is for less than one year, charge
1/12 of the annual rent per month (Minimum
charge of 3 months rent).
9
$180.00
$140.00
$260.00
$260.00
$260.00
$140.00
$260.00
$200.00
$325.00
$325.00
$400.00
$400.00
$500.00
$400.00
$415.00
$0.30
Schedule of Rates Charges
Effective August 1, 2014
CLIENT DOCUMENT
BUSINESS BANKING
Fee
DEPOSIT ACCOUNTS
BUSINESS/COMMERCIAL CHEQUING/CURRENT
ACCOUNTS
$12.00
Minimum monthly fee
N/A
Minimum balance to attract interest
N/A
Minimum balance to avoid monthly service fee
Currency BSD, USD, CAD and GDP
$500.00
Minimum Opening Balance
Transaction Fees
2 free cheques/debits per month (0
Number of transactions Included free in-branch transactions)
$0.75
Per cheque/debit transaction
0 free ATM transactions.
ATM withdrawals
$1.50
Branch (includes transfers)
FREE
ATM Mini Statements/ Balance Enquiry
Up to 5 accounts - $10;
6-10 accounts, $15;
over 10 accounts - $20
Online Banking
FREE
Deposit
Yes
Cheque writing privilege
N/A
Pay Interest
Statement Frequency Monthly
Overdraft Available Yes
REGULAR SAVINGS ACCOUNT- NON PERSONAL/ COMMERCIAL SAVINGS
$5.00
Minimum monthly fee
$500.00
Minimum balance to attract interest
N/A
Minimum balance to avoid monthly service fee
Currency BSD, USD, CAD and GBP
$100.00
Minimum Opening Balance
Transaction Fees
no free transactions
Number of transactions Included
$1.50
Branch (includes transfers)
$1.00
ATM withdrawals (per item)
$1.50
In Branch Bill Payments
FREE
ATM Mini Statements/ Balance Enquiry
FREE
Online Banking
10
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Deposit
Cheque writing privilege
Pay Interest Quarterly
Statement Frequency Quarterly
Overdraft Available
SERVICES RELATED TO DEPOSIT ACCOUNTS
FREE
NO
N/A
Visa Debit/ATM/Client Card
RBC ATM Withdrawal (in-country)
$1.00
Other Bank ATM Withdrawal (in-country)
$4.00 + 0.50%
Manual "Branch" Cash Withdrawal (in-country)
$4.00 + 0.50%
Any Bank ATM Withdrawal (out-of-country)
$3.00 + 2.50%
Manual "Branch" Cash Withdrawal (out-of-country)
$3.00 + 2.50%
POS Transaction (in-country) -- approved
POS Transaction (in-country) - approved
Debit only)
FREE
(Visa
Free
POS Transaction (out-of-country) -- approved
$0.00 + 2.50%
Other Bank ATM Transaction (in-country) -- declined
$0.50
ATM or POS Transaction (out-of-country) -- declined
$1.00
Other Bank Balance Enquiry (in-country)
$0.50
Other Bank Balance Enquiry (out-of-country)
$0.50
Replacement Card (Lost, stolen, broken)
$5.00
Deposits, transfers and inquiries
ROYAL ONLINE INTERNET BANKING
Monthly fee
up to 5 accounts
6 to 10 accounts
FREE
11
$5.00
$10.00
$15.00
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
over 10 accounts
OTHER DEPOSIT ACCOUNT RELATED SERVICES
Accounts Closed Within 90 Days of Opening
Internal Transfers between Deposit Accounts
Each transfer request
Transfer Advice (if required)
Unclaimed balances remitted to Central Bank
Interim statement request
Statement photocopies
First page
Each additional page
Auditor's Bank Confirmations
Per confirmation
Where extraordinary work is required, charge per hour
Credit Reports/Certificate of Account Balances
Per report/letter
Letters to Consulates
Searching for account
Search for records (per hour)
Search for vouchers (per hour)
Importation of USD Cash
Fee for Foreign Currency Cash in excess of the
equivalent of US$5,000 credited to foreign currency
amounts
Transfer from USD to BSD accounts
Charge for handling cash deposits
-Local Currency$10,000 and over for over-the-counter transactions
Handling of coins exchanged for paper
$100 worth of coins and over. (Applies to
Non-RBC clients only)
PAYMENTS AND CHEQUE HANDLING
Unauthorized overdrafts
Unpostable items (Items paid against uncleared back to
customer)
Dishonored cheques (Not Sufficient Funds)
Stop payments - Cheques
Cheques
Local and Foreign Drafts
Foreign Cheques
12
$20.00
$15.00
$10.00
$2.00
$50.00
$5.00
$5.00
$1.00
$30.00
$30.00
$25.00
$20.00
$15.00
$30
$3.00 per entry or $30.00 per hour,
whichever is greatest
0.5% of value of cash shipment
includes strap fee, stamp tax, freight &
duty
All denominations - 1%
Conversion at the board rate.
Standing order charge of $2.00 will
apply
1% of deposit amount
1% of value of coins
$20.00
$15.00
$25.00
$10.00
$30.00
$40.00
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Deposit items returned unpaid
Standing order payments
In-branch credits to personal accounts In the same
name
In-branch credits to other personal account (from one
personal a/c to another in different names)
Payment by local draft/wire-plus out of pocket expenses
Verification of cheque by telephone
Telephone calls requesting services available on ABM
and Royal Online
Cheque recalled at customer request
Cheque Cashing Fee -Non Clients (OTC fee)
BILL PAYMENTS
Corporate client
CASH MANAGEMENT/PAYMENT SOLUTIONS
PAYROLL
Payments in cash to employees from a customer
supplied list (each)
Per employee
Minimum
Manual Payments to employee accounts (RBC
Accounts)
Per Account
Minimum
Manual Payments to employee accounts (Non-RBC
Accounts)
Per Account
Minimum
Manual Payments to employee accounts (where
companies are RBC clients)
Per Account
Minimum
Payroll Direct (Automated Payroll)
0 - 50 transactions
51 – 200 transactions
201 – 400 transactions
Over 401 transactions
Late Transmission Fee (If file sent after 10 a.m. but
before 7 p.m.)
Late Transmission Fee (If client file is received after
7:00pm of the day preceding value date)
Errors created by clients Fee
Payroll software interface
Programming services provided by RBC to interface
Payroll product with customer’s software
13
$5.00
$6.00
$10.00
$15.00
$3.00
$5.00
$10.00
$5.00 or 5.00 units
$1.00
$3.00
$55.00
$3.00
$55.00
$6.00
$55.00
$3.00
$55.00
$50.00
$75.00
$125.00
$150.00
$50.00
$100.00
$50.00
$250.00
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Installation & training
DEPOSITORY SERVICES
Annual Service Charges-each location plus cost of
bags
Opened
Unopened
Repairs to wallet
Lost keys for bag
Disposable Bags
Orders under 500 bags (per hundred)
Orders over 500 bags (per hundred)
MERCHANT SERVICES
Terminal Rental
Stand alone
WiFi
Wireless
Terminal Rental
Stand alone
WiFi
Wireless
CREDIT FACILITIES
BUSINESS/COMMERCIAL LENDING
Business Instalment / Demand Loans
Arrangement/Administrative Fee
Under $250,000
Over $250,000
Annual Renewals
$350.00
$60.00
$300.00
$25.00
$25 plus full cost of replace
$25.00
$20.00
$45.00
$55.00
$80.00
$45.00
$55.00
$80.00
1% min $200
1% min $625
1% min $250
Standby/Commitment Fee
$0-250M
Over $250,000
1% min $250
1% min $250
Interim Reviews/Additions/Temporary
Facilities/Excesses/Amendments- % of facility
14
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Under $250,000
Over $250,000
15
1/2% to 1% min $50
1-4% to 2% min $250
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Notice Fee (Verbal or Written) - Late Payment
Management Fees
Under $250,000
Over $250,000
Performance Bonds
Royal Premier Residential Property Loan
Commitment Fee
Commercial Mortgages
Management Fees
Under $250,000
Over $250,000
Statement Letters
Settlement Letters
Arrears
PROFESSIONALS PRODUCT
New equipment financing
Interest rate
Application fee
Leasehold improvements (for HCP Only)
Interest rate
Application fee
Education Loan
New car purchase
Interest rate
Application fee
Used car purchase
Interest rate
Application fee
Building/Property
Interest rate
Application fee
Operating Loan
Administrative Fee
Term Loan
16
$30
1% min $200
1% min $625
Refer to Credit Risk Department,
Bahamas Regional Office
1% of loan amount
1% min $200
1% min $625
$15.00
$15.00
$30.00
0.50% reduction from posted rated
0.35% discount in application fee
0.50% reduction from posted rated
0.35% discount in application fee
0.65% of loan principal
0.50% reduction from posted rated
0.35% discount in application fee
0.50% reduction from posted rated
0.35% discount in application fee
0.50% reduction from posted rated
0.35% discount in application fee
0.65% of loan principal
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Administrative Fee
0.65% of loan principal
Application fee
0.35% discount in application fee
Interest rate
0.25% off Standard Merchant
Discount Rate (Not below Local
Interchange Agreement floor rate of
2.50%)
Commercial overdraft
Merchant Point of Sale
VISA CREDIT CARDS
Annual Fees
Visa Corporate Expense
Co-Applicant
RBC Rewards Visa Business Platinum
Co-Applicant
$70.00
$35.00
$150.00
$75.00
Visa Fees
Cash advance fee
Late Payment Charge
Over Limit Charge
Dishonoured Cheque Charge
Excessive decline charges
(charge applied after first 2 declines)
Replacement Card fee
Foreign Exchange on transactions
not in BSD/USD currencies
BSD cards subject to Bahamas stamp tax
Statement copy fee (other than current statement
period)
Sales/cash Advance draft copy fee - each copy
Urgent payment fee
Rush card fee
Investigation Fee
Interest Rate
WIRES & TELEPHONE TRANSFERS
OUTGOING PAYMENTS
Draft/Mail Transfer
17
3%, minimum $5
$40.00
$30.00
$40.00
$1.00
$25.00
1.50%
1.50%
$5.00
$5.00
$25.00
$25.00
$30.00
18%
$6.00
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Payment to other Banks - local wires and telephone
transfers
$5.00 plus government stamp tax
Paid for in Bahamian Dollars Sold at the applicable
foreign exchange selling rate
In Branch
Via ROLG
Up to $9,999
$50.00
$33.50
$10,000 - $24,999
$60.00
$46.50
$25,000 - $99,999
$71.50
$61.50
$100,000 - $249,999
$95.00
$81.50
$250,000 - $499,999
$111.50
$101.50
$500,000 - 1,000,000
$126.50
$116.50
over $1,000,000 Apply rate of 0.0156%
Paid for with another foreign currency
In Branch
Up to $9,999
$61.50
$10,000 - $24,999
$71.50
$25,000 - $99,999
$81.50
$100,000 - $249,999
$106.50
$250,000 - $499,999
$121.50
$500,000 - 1,000,000
$171.50
over $1,000,000 Apply a rate of 0.0156%
Investigations for transfers resulting from errors in
transmissions which can be attributed to clients (i.e.
wrong address, beneficiary etc.) - plus out of pocket
expenses
Foreign currencies paid in BSD or converted to another
foreign currency are to be converted at the applicable
buying exchange rate.
Credited to an account
Paid in cash or by draft in same currency
TRAVELLERS' CHEQUES
American Express - Cashing
Visa Traveller's Cheques - Cashing
Other Travellers Cheques - Cashing
NEGOTIABLE INSTRUMENTS
Visa - Cash Advances
Cheques cashed against holders of Royal Bank Cards
(if paid in the same currency
All other instruments cashed in same currency
18
Via ROLG
$51.50
$61.50
$71.50
$96.50
$111.50
$131.50
$35.00
$6.00
$6.00
Free
$0.25
$1.15
2%
FREE
1/2 of 1%
Schedule of Rates Charges –
Effective November 1, 2013
CLIENT DOCUMENT
Minimum
$2.00
Up to $2,000
$2,001 - $499,999
Maximum
$500,000 and over
Maximum
Outgoing Collection processing fee
Documentary Bills
SUNDRY CHARGES
Holding Charges (After expiration of one month
from first presentation or due date $20.00 for every
month or part thereof that the bill is held unpaid.
This charge shall accrue to the collecting bank.)
$20.00
1/16% - min $30.00 each
$175.00
1/32% - min. $200.00 each
$300.00
$75.00
3/4% - min $30.00 each
COLLECTIONS
COLLECTION COMMISSIONS
Cheques and Clean Bills:
$20.00
$5.00 Minimum
$25.00
3/4% Min $25.00
$25.00
$40
If the client chooses to wire the money
– separate wire transfer fees apply.
Bonding and Insurance of goods
Delivery Orders
Guarantees re: Missing bills of lading
Extending due date or altering tenor of Bill
Tracers
Wire Transfers
LETTERS OF CREDIT (L/C) AND GUARANTEES
OUTWARD LETTERS OF CREDIT (IMPORTS)
1. Commercial L/C's
a. Establishment Commission
- For first 6 months
1 1/4% Min $35
- Each succeeding month of part there of
1/4% Min $25
b. Amendment Commission
- For increase in amount (On amount increased)
1 1/4% Min $50
Others
$50
c. Establishment Commission if L/C prepaid
- If no interest is paid on the deposit.
1/2% Min $30
- If interest is paid on the deposit.
1 1/4% Min $30
d. Interest on Drawings
For a L/C covered by cash collateral
in
the currency of the L/C
No Charge
For a L/C not covered by Interest is
to Interest is to be charged at not less
cash collateral in the currency of the L/C than prime rate of applicable currency
from the date payment is charged to
Direct Accounts to the date the client's
account is charged with the drawings.
INWARD LETTERS OF CREDIT (EXPORTS)
Advising L/C to client
Confirmation charge (In addition to advising charge)
For each 60 days
Negotiation of Drawings
Each drawing where immediate credit is given
Per payment
Maximum
Min $50
1% Min $50
2% Min $30
$750.00
New Facility 2%
amendment to existing facility 1% min
50
Amendments/Increases to credit
To confirm credits - Risk Approval is necessary
Additional charge
$50.00
Notes:
Plus all out-of-pocket expenses.
GUARANTEES
Guarantees covering the non-production of Bills of
lading.
Monthly charge
3/4% minimum $25.00
All others including Customs Bonds
First 6 months or any part thereof
1.5% minimum $75.00
Annual fee for over 6 months
2% minimum $75.00
19
Schedule of Rates Charges –
Effective November 1, 2013

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