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)

Minimum To Open

$500

Monthly Service Charge

$20

Per Item charge (whether debit or
credit to account)

$1.50 per item

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
$100


* Charges for USD accounts will be applied in USD currency.
SAVINGS

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

JUNIOR SAVINGS
ESTABLISH STRONG SAVING HABITS EARLY

Minimum Opening Balance

$100

Minimum Balance to Avoid Fees and Earn Interest

$100

Interest Rate

2.25% p.a.

GOLDEN SAVINGS
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
(whichever is higher)


* WITHDRAWALS ONLY AFTER 12 CONSECUTIVE MONTHLY DEPOSITS
INDIVIDUAL RETIREMENT ACCOUNTS
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:
- Small
- Medium
- Large


$150
$250
$275

Night Deposit Wallet Fees:
- First Wallet
- Additional Key
- Additional Wallet


$250
$75
$150

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.
Interest forfeited if terminated before 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

Electronic Internal Transfer Request

$20

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

Issuing replacement Local Draft/ Managers Cheques

$50

International Money Orders Drafts

- Foreign Drafts Purchased in any currency
- Replacement of Foreign Drafts


$30.20 + Correspondent Bank Charges

$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

Cashing / Negotiating / Foreign Cheques / Drafts

Min $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

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
To pay another account


$25

$30

Early Account Closure:

Within 30 days
Within 90 days
Within 180 days
After 180 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

Large cash deposits / withdrawals (In-Branch)

0.2% on accounts of $5,000 or more per day

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

Business Services Fees

Business Services Fees

Late transmission of payroll file

$100

Electronic Option:
- Operational Charge (per payroll run)

$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
2)$60 monthly rent for GPRS Terminals (there is an additional fee to the service providers $48 -$50 monthly for the sim. )

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
Balance per month

$0.41 per thousand ($) of
Balance per month


¬ 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)

$0.41 per thousand
($) of Balance per
month

$0.41 per thousand
($) of Balance per
month


¬ 1% CASH BACK / REWARDS POINTS

How to Apply?

10@2x

Phone

Mon - Fri (8am - 4pm)
1-268-481-4200

14@2x

In Person

Visit a local branch

Book Appointment