ACB Caribbean Service Fees
At ACB Caribbean we encourage our customers to be fully involved in the management of their financial affairs. Here are a few tips on how to minimize your banking costs:
Be sure the account you choose matches your needs. Some accounts may attract fees so pay close attention to the following:
- NUMBER OF TRANSACTIONS
Fees on accounts are based on the number of transactions per month. If you need frequent access to your funds consider the transaction activity costs. Electronic channels such as Online Banking, ATMs, Credit and Debit cards can help to reduce costs. - MINIMUM BALANCE
Some accounts stipulate minimum balances. If you do not maintain these balances, you will be charged additional fees. Get to know your account and manage your balances. - PRODUCT RULES
Discuss your exact needs with us so that we may advise you. Using a product inappropriately may cost you additional fees, for example, redeeming a fixed deposit before maturity or closing an account too soon.
Some accounts exempt you from paying fees, if you maintain at least a minimum balance. Take advantage of them and avoid paying fees altogether.
Electronic channels such as ATMs and Online Banking cost much less than cheques or over-the-counter transactions.
We provide receipts, statements and other documents related to your account. Keep them safely because requesting additional costs will incur additional fees. Maintaining good records will also enable you to manage your finances.
There are penalties for not making loan and credit card payments on time. Pay them on time and avoid these fees.
Be proactive and talk to us about your changing circumstances. Exceeding your authorized limit is costly.
Account Fees
Account Fees
- CHEQUING ACCOUNTS (EC$ & US$)
(BUSINESS & PERSONAL) - SAVINGS ACCOUNTS
- JUNIOR SAVINGS
- GOLDEN SAVINGS
- INDIVIDUAL RETIREMENT ACCOUNTS
(BUSINESS & PERSONAL)
Minimum To Open | $500 |
Monthly Service Charge | $20 |
Per Item charge (whether debit or | $1.50 per cheque |
Deposit books (personalized) | $10 + Cost |
Cheque Books | $5 + Cost + Stamp Duty |
Unauthorized Overdraft Interest | 16% min $35 |
Overdraft Administration Fee | $30.00 per cheque |
Dishonoured Cheque | $30 per Cheque |
NSF Returned Cheque | $100 |
Overdraft Protection - Excess Fee | 5% or minimum |
Handling Fee - Chequing Cashing Fee | $3 |
Stop payment Local Cheques | $50 |
Third Party Withdrawals | $20 |
Statement Copies | $10 per page per month |
* Charges for USD accounts will be applied in USD currency.
Minimum To Open | $100 |
Interest Rate | 2% p.a. |
Minimum Balance to Avoid Fees and Earn Interest | $100 |
Charge For Minimum Balance Violation (Per Month) | $10 |
Third-Party Transactions | $15 |
Closure of Dormant Account | $25 |
In-branch transactions | 2 Free $5 thereafter |
ESTABLISH STRONG SAVING HABITS EARLY
Minimum Opening Balance | $100 |
Minimum Balance to Avoid Fees and Earn Interest | $100 |
Interest Rate | 2.25% p.a. |
SAVE TOWARDS THAT SPECIAL GOAL
Minimum Opening Balance | $100 |
Monthly Deposits Must be in Multiples of | $100 |
Interest Rate | 2.25% p.a. |
Minimum Balance to Avoid Fees and Earn Interest | $100 |
Early Withdrawal Penalty | $50 or Interest Earned |
* WITHDRAWALS ONLY AFTER 12 CONSECUTIVE MONTHLY DEPOSITS
SAVE TOWARDS YOUR RETIREMENT [wptb id="1344" not found ]
Deposit Fees
Deposit Fees
Small Boxes | $200 per year |
Medium Boxes | $300 per year |
Large Boxes | $350 per year |
Extra Large Boxes | $400 per year |
Number of visits free per month | 2 |
Additional charge per visit exceeding 2 per month | $20 |
Night Deposit Services (Annual Fee) | $200 |
Night Deposit Disposable Bags: | $150 |
Night Deposit Wallet Fees: |
|
Replacement of Lost/Stolen/Broken Keys | $75 + Cost |
Lost/Damaged Wallets | $250 |
Night Deposit Cancellation | Non-refundable |
Minimum Opening Balance | $5,000 |
Interest Rate | 1.0% - 1.4% |
Term | 1 Year |
Early Termination | Interest Paid on months completed over 90 days. |
Document Fees
Document Fees
Statement | $10 per page, per month |
Duplicate Statement | $10 per page, per month |
Certification of balance/Reference letter (including letters to embassies) | $50 |
E-Statements | Free |
Statement of interest Paid for Income Tax Purposes | $50 |
Set-up Fee | $5 |
Insurance Premiums, Club Dues etc | $30 + Stamp Duty |
Cash Management | $5 |
Amendment | $10 |
External - To transfer funds locally | $20 + Stamp Duty |
Current Year | $50 |
1 Year prior to Current Year | $60 |
2 Years prior to Current Year | $75 |
3 Years prior to Current Year | $100 |
4 Years prior to Current Year | $200 |
5 Years Prior to Current Year | $200 |
In excess of 5 Years prior to Current Year | $250 |
Credit Bureau / Overseas Bank | $50 + Airmail/ Telex |
Credit Reports | $50 |
Transfer Fees
Transfer Fees
Local/ Managers Draft | $30.20 + Stamp Duty |
Issuing replacement Local Draft/ Managers Cheques | $50 |
International Money Orders Drafts - Foreign Drafts Purchased in any currency |
$120.20 + Correspondent Bank Charges |
Payments for Collection, etc. paid for in cash, cheque etc. of same currency | 1% Commission + Correspondent Bank Charges |
Tracers on Drafts/ Money Orders | $100 + Correspondent Bank Chargers |
Forward Exchange Contracts | $100 per contract, 0.5% Loading on rate |
Research (Bill Payment) | $10 per item |
Cashing / Negotiating Foreign instruments | Min $20.20 + 1% |
Cashing / Negotiating / Foreign Cheques / Drafts | $20.20 + 1% |
Travelers Cheques cashed in USD | USD $20.20 per item |
Cheques drawn outside of Correspondent Bank Network | Min US$50 / EC$135 + Other Bank Charges |
Transfer between Accounts | Free |
Check Balances | Free |
Bill Payment (per transaction Vendor) | $1 |
E-Statements | Free |
Electronic File Transfer (EFT) Fee | $1.25 |
Incoming (mail/telephone): Processing Fee | $20 |
To the Caribbean | $55-online or via app/ $65 - in branch + Correspondent Bank Charges |
To the United States | $100-online or via app / $120 - in branch + Correspondent Bank Charges |
To Canada | $100 + 0.75%-online or via app / $120 + 0.75% -in branch of Transaction Amount + Correspondent Bank Charges |
To the Rest of the World | $100-online or via app / $120 in branch + Correspondent Bank Charges |
Incoming: To own account |
$30 |
Incoming (mail/ telephone): Processing fee | $20 |
Tracers on Wire Transfer | $25 + Correspondent Bank Charge (USD200) |
Return wire payments: Incoming and Outgoing | $25 + Correspondent Bank Charges |
Early Account Closure: Within 30 days | $60 $50 $40 No Charge |
Third-party Fee Payments made over-the-counter that require the third-party triplicate voucher (payable by vendor) | $5 |
Stop Payments (on customers accounts) | $50 |
Voucher / Other Search | $50 per hour, subject to minimum $50 |
Transfer within Territory | $15 |
Coins supplied | 1.25% |
Notice for Inactive / Dormant Accounts | $15 p.a |
Incoming Telephone / Email / Fax request | $20 |
Reactivation of Dormant Account Deposit | $10 |
Fax / Email message at Customers request | $50 |
Cheque Cashing Fee (Non-Account holder) | $3 per cheque |
Returned Cheques Charge | $50 + Foreign Bank Charge |
Immediate credit of cheque proceeds | $15 |
Photocopy per page or duplicate receipt | $5 |
Enhanced Due Diligence Report (Third Party Transactions on Sale of Land/ Property/CIP Transactions) | $250 US |
Ecommerce monthly fees | SMEs USD25; Corporate USD75 |
Business Services Fees
Business Services Fees
Late transmission of payroll file | $100 |
Electronic Option: | $15 + $1.00 per employee paid for ACB Caribbean Customers. |
Cash Payroll | 0.1% subject to Minimum of $30 |
Discount Fee | Negotiable |
Additional Training at Customers request | $150 per one-hour session |
Rental of Machine | 1)$30 monthly rent for Dial & Internet |
Bill Payment and Payment Fees for third parties (Merchants) | $1 per transaction for vendor |
Card Fees
Card Fees
CLASSIC | GOLD | |
Annual Fee | $0 | $0 |
Replacement Card | $35 | $50 |
Emergency Card | $35 | $50 |
Additional Card | $35 | $50 |
Monthly Maintenance Fee | N/A | N/A |
Transaction Fee (ACB ATMs) | $0 | $0 |
Transactions Fee (Other Banks ATMs) | 2% Minimum $10 | 2% Minimum $10 |
Transaction Fee (POS Terminals) | $0 | $0 |
Cash Advances (Other Banks) | 2% Minimum $10 | 2% Minimum $10 |
ATM Denial Fee (Other Banks) | $1.50 | $1.50 |
ATM Balance Enquiry | $1.50 | $1.50 |
Currency Conversion Fee | 1% | 1% |
PayPal Credits | $15 | $15 |
ATM withdrawals | + $1 for all offsite ATMs | + $1 for all offsite ATMs |
CLASSIC CREDIT CARDS | VISA CLASSIC (XCD) | VISA GOLD & MASTERCARD (XCD) |
Membership Annual Fee (Primary) | $100 | $150 |
Membership Annual (Additional) | $50 | $75 |
Replacement Card | $25 | $25 |
Emergency Card Fee | $50 | $50 |
Cash Advance Fee | 2% Minimum $10 | 2% Minimum $10 |
Over Limit Fee | $50 | $50 |
Immediate Credit | $15 | $15 |
Late Payment Fee | $45 | $45 |
Minimum Payment | 5% Minimum $20 | 5% Minimum $20 |
Statement Reprint (Only One) | $15 | $15 |
Statement History (More Than One) | $25 | $25 |
Change of Currency of Account | $25 | $25 |
Annual Interest Rates | 19.50% annually without rewards; 21% annually with rewards. | 19.50% annually without rewards; 21% annually with rewards. |
Insurance (optional) | $0.41 per thousand ($) of | $0.41 per thousand ($) of |
¬ 1% CASH BACK / REWARDS POINTS
PLATINUM CREDIT CARDS | PLATINUM | PLATINUM BUSINESS |
Membership Annual Fee (Primary) | $200 | $200 |
Membership Annual (Additional) | $80 | $165 |
Replacement Card | $25 | $25 |
Emergency Card Fee | $50 | $50 |
Cash Advance Fee | 2% Minimum $10 | 2% Minimum $10 |
Over Limit Fee | $75 | $75 |
Immediate Credit | $15 | $15 |
Late Payment Fee | $100 | $75 |
Statement Reprint (Only One) | $15 | $15 |
Statement History (More Than One) | $25 | $25 |
Change of Currency of Account | $25 | $25 |
Minimum Payment | 5% Minimum $20 | 5% Minimum $20 |
Annual Interest Rates | 19.50 % Annually without rewards; 21% annually with rewards. | 19.50% Annually without rewards; 21% annually with rewards. |
Insurance (optional) | $0.41 per thousand | $0.41 per thousand |
¬ 1% CASH BACK / REWARDS POINTS
