| Charges on Personal Overdrafts | Negotiation Fee – 1% of amount Minimum Fee – $100.00 Excess Rate – 18% or minimum $50.00 |
| Charges on Commercial Overdrafts Negotiation | Negotiation Fee – 1.5% of amount Minimum Fee – $250.00 Excess Rate – 18% or minimum $250.00 |
| Hive off overdraft to loan | Arrangement Fee – 1% of amount or minimum $250.00 |
| NSF Cheque Paid Fee | $50.00 per item |
| Monthly charge on loan installment arrears (late fees) | $75.00 |
| Monthly commitment fee | 1% of amount to keep offer open up to 6 months – minimum $100.00 |
| Processing Bank Guarantee (collected upon customer’s acceptance of the offer) | Minimum $250.00 |
| In order to forestall customers from deliberately delaying the commencement of loan repayments by holding back on the drawdown, facility letters must clearly state: | The drawdown period allowed The date when repayments are to commence |
| Statement of Interest Paid | If loan is current – $25.00 p.a. If loan is in arrears – $50.00 p.a. Statement (printout) of account – $5.00 per sheet |
| Credit Reports to other businesses, banks etc. | $50.00 |
| Banker’s Reports / Audit Reports | $50.00 |
| Collection Fee (Non-Accrual Loans) | 1% of loan amount at the time given non-accrual status maximum $500.00 |
| Loan Refinancing Fee | $250.00 |
Overdrafts 1st Loans
Overdrafts from 1st National Bank
Overdraft protection helps cover occasional shortfalls in your chequing account, up to your approved overdraft limit even if you have insufficient funds in the account. It helps you manage your finances by allowing you to complete a transaction.