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 |
Benefits
Purchases are in US or EC currency
Enjoy withdrawals from millions of ATMs worldwide
Make business purchases up to any amount
Get cash advances at financial institutions world wide