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Schedule of Rates Charges Effective November 1, 2013
PERSONAL BANKING FEES Our Fee
DEPOSIT ACCOUNTS
REGULAR CHEQUING ACCOUNTS*
Minimum monthly fee $10.00
Minimum balance to avoid monthly service fee N/A
Currency
Minimum balance to attract interest N/A
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included
Per cheque/debit transaction $0.70
ATM withdrawals (per item) $1.00
Branch (includes transfers) $1.25
ATM Mini Statements/ Balance Enquiry FREE
Online Banking FREE
Deposits FREE
Cheque writing privilege
Pay Interest N/A
Statement Frequency
Overdraft Available
Other
SIXTYPLUS BONUS CHEQUING ACCOUNTS*
Minimum monthly fee $0.00
Minimum balance to avoid monthly service fee N/A
Minimum balance to attract interest $100.00
Currency
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included Unlimited
Branch (includes transfers) FREE
Per cheque/debit transaction FREE
ATM withdrawals (per item) FREE
ATM Mini Statements/ Balance Enquiry FREE
Online Banking FREE
Deposit FREE
Cheque writing privilege Yes
Pay Interest
Statement Frequency Quarterly
*RBC Royal Bank Only** RBC FINCO Only
1 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Overdraft Available
Other
VALUE CHEQUING ACCOUNTS**
Minimum monthly fee $5.00
Minimum balance to avoid monthly service fee $100.00
Minimum balance to attract interest $500.00
Currency
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $1.00
Per cheque/debit transaction $1.00
ATM withdrawals (per item) $1.00
ATM Mini Statements/ Balance Enquiry FREE
Online Banking FREE
Deposit FREE
Cheque writing privilege Yes
Pay InterestYes
Statement Frequency Monthly
Overdraft Available Yes
Other
*RBC Royal Bank Only** RBC FINCO Only
2 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
PERSONAL DISCOVERY CHEQUING ACCOUNTS**
Minimum monthly fee $10.00
Minimum balance to attract interest $1,500.00
Minimum balance to avoid monthly service fee $1,500.00
Currency
Minimum Opening Balance $1,500.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $1.00
Per cheque/debit transaction $1.00
ATM withdrawals $1.00
ATM Mini Statements/ Balance Enquiry FREE
Online Banking N/A
Deposit FREE
Cheque writing privilege Yes
Pay Interest Yes
Statement Frequency Monthly
Overdraft Available Yes
Other
SIXTYPLUS CHEQUING*
Minimum monthly fee None
Minimum balance to attract interest $100.00
Minimum balance to avoid monthly service fee N/A
Currency
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included Unlimited
Branch (includes transfers) Free
ATM withdrawals (per item) Free
ATM Mini Statements Free
Online Banking Free
Deposit Free
Cheque writing privilege N/A
Pay Interest
Statement Frequency
Overdraft Available N/A
Other
REGULAR SAVINGS ACCOUNT*
Minimum monthly fee $2.00
Minimum balance to attract interest $500.00
*RBC Royal Bank Only** RBC FINCO Only
3 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Minimum balance to avoid monthly service fee $500.00
Currency
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $1.25
ATM withdrawals (per item) $1.00
ATM Mini Statements/ Balance Enquiry $0.00
Online Banking FREE
Deposit FREE
Cheque writing privilege N/A
Pay Interest
Statement Frequency
Overdraft Available N/A
Other
*RBC Royal Bank Only** RBC FINCO Only
4 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
ULTIMATE SAVINGS ACCOUNT - PERSONAL**
Minimum monthly fee $7.00
Minimum balance to attract interest $1,000.00
Minimum balance to avoid monthly service fee 1,000.00
Currency
Minimum Opening Balance $1,000.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $2.00
Per cheque/debit transaction $2.00
ATM withdrawals$2.00
ATM Mini Statements/ Balance Enquiry FREE
Online Banking N/A
Deposit $2
Cheque writing privilege Yes
Pay Interest Quarterly
Statement Frequency
Overdraft Available
Other
RBC ASUE ACCOUNT*
Minimum monthly fee N/A
Minimum balance to attract interest $100.00
Minimum balance to avoid monthly service fee$50
Currency
Minimum Opening Balance 100.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $1.25
ATM withdrawals (per item) N/A
ATM Mini Statements/ Balance Enquiry FREE
Online Banking FREE
Deposit FREE
Cheque writing privilege N/A
Pay Interest
Statement Frequency
Overdraft Available N/A
Other
COLLEGE PASSPORT ACCOUNT*
*RBC Royal Bank Only** RBC FINCO Only
5 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Minimum monthly fee None
Minimum balance to attract interest $200.00
Minimum balance to avoid monthly service fee N/A
Currency
Minimum Opening Balance Any Amount
Transaction Fees
Number of transactions Included Unlimited
Branch (includes transfers) Free
ATM withdrawals (per item) Free
ATM Mini Statements Free
Online Banking Free
Deposit Free
Cheque writing privilege N/A
Pay Interest Quarterly
Statement Frequency Quarterly
Overdraft Available N/A
Other
SIXTYPLUS SAVINGS*
Minimum monthly fee None
Minimum balance to attract interest $100.00
Minimum balance to avoid monthly service fee N/A
Currency
Minimum Opening Balance $100.00
Transaction Fees
Number of transactions Included Unlimited
Branch (includes transfers) Free
ATM withdrawals (per item) Free
ATM Mini Statements Free
Online Banking Free
Deposit Free
Cheque writing privilege N/A
Pay Interest Quarterly
Statement Frequency Quarterly
Overdraft Available N/A
Other
TERM DEPOSIT ACCOUNTS
Currency BSD
Minimum Opening Balance $1,000.00
Transaction Fees
Early Redemption - Less than 30 day
*RBC Royal Bank Only** RBC FINCO Only
6 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Early Redemption - More than 30 day but beforescheduled Maturity
DEPOSIT ACCOUNT PACKAGES
ROYAL CERTIFIED SERVICE
Flat monthly fee $36.00
Minimum balance to attract interest N/A
Minimum balance to avoid monthly service fee N/A
Currency BSD
Minimum Opening Balance $500.00
Transaction Fees
Number of transactions Included Unlimited
Branch (includes transfers) FREE
ATM withdrawals FREE
ATM Mini Statements/ Balance Enquiry FREE
Online Banking FREE
Deposit FREE
Cheque writing privilege FREE
Pay Interest FREE
Statement Frequency Quarterly
Overdraft Available Yes
Other
*RBC Royal Bank Only** RBC FINCO Only
7 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
SERVICES RELATED TO DEPOSIT ACCOUNTS
AUTOMATED BANKING MACHINES/CLIENT CARD
Withdrawals (local) $1.00 Withdrawals (offshore ABM and other local bank machines) $4.00 + 0.5000%
RBC Point of Sale (client card purchase at cash register) offshore $4.00 + 2.5125%
Replacement card or issuance of 3rd card $5.00
Deposits, transfers, bill payments and inquiries FREE
ROYAL ONLINE INTERNET BANKING*
Monthly fee FREE
View account transactions FREE
Pay bills, credit cards and loans FREE
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
Unclaimed balances remitted to Central Bank $50.00
Interim statement request $5.00
Statement photocopies
First page $5.00
Each additional page $1.00
Auditor's Bank Confirmations
Per confirmation $30.00 Where extraordinary work is required, charge per
hour $30.00
Credit Reports/Certificate of Account Balances
Per report/letter $20.00 Where extraordinary work is required, charge per
hour $30.00
Letters to Consulates $20.00
Searching for account $15.00
*RBC Royal Bank Only** RBC FINCO Only
8 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Search for records (per hour) $30
Search for vouchers (per hour)$3.00 per entry or $30.00 per hour,
whichever is greatest
Per item $3.00
Numerous items and/or lengthy search required - per hour $30.00
Importation of USD Cash0.5% of value of cash shipment includes
strap fee, stamp tax, freight & dutyFee for Foreign Currency Cash in excess of the equivalent of US$5,000 credited to foreign currency amounts All denominations - 1%
Transfer from USD to BSD accountsConversion at the board rate. Standing
order charge of $2.00 will applyCharge for handling cash deposits -Local Currency- $10,000 and over for over-the-counter transactions 1% of value of coinsHandling of coins exchanged for paper $100 worth of coins and over. (Applies to Non-RBC clients only) 1% of value of coins
PAYMENTS AND CHEQUE HANDLING
Unauthorized overdrafts $15.00
Unpostable items $15.00
Dishonored cheques (Not Sufficient Funds) $25.00
Post Dated Cheques $3.00
Stop payments - Cheques $10.00
Stop payments - Drafts (Foreign and BSD) $40.00
Deposit items returned unpaid $5.00
Standing order payments
In-branch credits to personal accounts In the same name $6.00
In-branch credits to other personal account (from one personal a/c to another in different names) $10.00
Payment by local draft/wire-plus out of pocket expenses $15.00
Verification of cheque by telephone $3.00
Telephone calls requesting services available on ABM and Royal Online $5.00
BILL PAYMENTS
Persons paying bills - over the counter-per transaction $1.00
*RBC Royal Bank Only** RBC FINCO Only
9 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
via ABM Machine/Royal Online Internet Banking FREECREDIT FACILITIES
VISA & MASTERCARD - CREDIT CARDS*Visa Classic & MasterCard Standard $45.00
plus co-applicant $25.00
Visa Gold & Gold MasterCard $70.00
plus co-applicant $30.00
Visa Platinum Rewards $100.00
plus co-applicant $50.00
Visa & MasterCard Fees
Late Payment Charge $40.00
Over Limit Charge $30.00
Dishonoured Cheque Charge (re: credit card payment-non RBC client)
$40.00
Dishonoured Cheque Charge (re: credit card payment-RBC client)
N/A
Excessive decline charges (charge applied after first 2 declines)
$1.00
Replacement Card fee $25.00
Cash advance local ABM 3% minimum $3
Cash advance offshore ABM and terminal 3%, minimum $5
Foreign Exchange on transactions not in BSD/USD currencies
1.50%
BSD cards subject to Bahamas stamp tax 1.50%
Statement copy fee - any other statement period $5.00
Sales/cash Advance draft copy fee - each copy $5.00
Immediate value for credit card payment request $25.00
Interest Rates
Visa and MasterCard 18%
PERSONAL LOAN FEESPersonal Loans: Commitment fees/Negotiation fees/ Service charge/ Arrangement/ Administrative
All loans, including refinance/add-on, except car loan 1% of loan amount, Minimum $125
New and used car loans $250 flat fee
Mortgages
Land loans - Commitment Fee 1% of loan amount
Developed property- Commitment Fee 1% of mortgage amount
Construction loan - Commitment Fee 2% of mortgage amount
*RBC Royal Bank Only** RBC FINCO Only
10 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Mortgage Satisfaction/Discharge of mortgages $ 100.00
Management Fees/Commitment Fees1.5% (excluding construction
mortgages)
Settlement Letters $ 15.00
Personal Overdraft
Service charge $20.00
Administrative fee 1% minimum $125Annual Renewal Fee 0.5% Minimum $125
Interim Reviews/ Additions/Temporary Facilities/Excesses/Amendments 0.125 - 0.5% Minimum $100
Royal Premier Residential Property Loan Commitment Fee - 1% of loan amountLate payment fee $30.00 Annual Renewal Fee
0.5% of loan amount. Minimum $125
*RBC Royal Bank Only** RBC FINCO Only
11 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
PROFESSIONAL PACKAGE LOANSStudent and Interns
Tertiary education
Interest rate
0.50% reduction from posted rate (1.00% for interns under Health Care Professionals package)
Administration Fee 0.35% discount on loan service charge
New Car Loans
Interest rate 0.50% reduction from posted rate (1.00% for interns under Health Care Professionals package)
Administration Fee 0.35% discount on loan service charge
Used Car Loans
Interest rate 0.50% reduction from posted rate (1.00% for interns under Health Care Professionals package)
Administration Fee 0.35% discount on loan service charge
Visa Credit Card No annual fees in the first year
PersonalTertiary education (restricted to already qualified professionals pursuing continuing professional development on a part time basis)
Interest rate 0.50% reduction from posted rate
Administration Fee 0.50% discount on application fee
Consumer Loans (for expenses related to continuing professional development to finance attendance at conferences/seminars only)
Interest rate 0.50% reduction from posted rate
Administration Fee 0.50% discount on application fee
Residential Mortgage
*RBC Royal Bank Only** RBC FINCO Only
12 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Interest rate
Up to 0.50% off the posted rate (except during price based campaigns)
New Car Loans
Interest rate0.50% reduction from posted rate
Administration Fee0.50% discount on application fee
Used Car Loans
Interest rate0.50% reduction from posted rate
Administration Fee0.50% discount on application fee
Personal Overdrafts
Application fee 0.50% discount on application fee
WIRES & TELEPHONE TRANSFERS
OUTGOING PAYMENTS
Draft/Mail Transfer $6.00
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 (Include $21.50 Cable Fee) In Branch Via ROLG
Up to $9,999$46.50 $33.50
$10,000 - $24,999$56.50 $46.50
$25,000 - $99,999$71.50 $61.50
$100,000 - $249,999$91.50 $81.50
$250,000 - $499,999$111.50 $101.50
$500,000 - 1,000,000$126.50 $116.50
over $1,000,000Apply rate of 0.0156%
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
*RBC Royal Bank Only** RBC FINCO Only
13 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
$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 $30.00
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
Selling Selling exchange rate plus 1%
American Express - Cashing Free
Visa Traveller's cCheques - Cashing $0.25
Other Travellers Cheques - Cashing $1.15
NEGOTIABLE INTRUMENTS
g gdrawn on banks outside The Bahamas. nstruments converted to Bahamian
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
Minimum charge per client $55.00
Documents (e.g. Insurance Policies) per document$25.00
Sealed envelopes $55.00
Small packages $85.00
Large package, box, trunk $150.00
*RBC Royal Bank Only** RBC FINCO Only
14 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges Effective November 1, 2013
Computer tapes/disc. S/B $125.00
Access Fee Each entry to Safekeeping $7.50Higher 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 ful
$50.00
SAFETY DEPOSIT BOXReplacement Keys $20.00
Drilling of the box as a result of: lost key plus cost of drilling and replacement key $100.00
Rental Arrears plus cost of drilling and replacement of lock $200.00
rates vary according to size
Small $65.00
Medium $170.00
Large $325.00
Xtra-Large $490.00
Annual ChargesBox Size Per Annum
1 1/2" x 5" x 24" $50.00
1 1/2" x 5 1/4" x 24" $50.00
1 3/4" x 4 3/4" x 24" $50.00
1 3/4" x 5 1/4" x 24" $50.00
2" x 4 3/4" x 24" $55.00
2" x 5" x 24" $55.00 2 1/4" x 5 1/2" 24" $65.00
2 1/2" x 5 x 24" $65.00 2 1/2" x 5 1/4" x 24" $65.00
2 1/2"x 10 3/8" x 24" $120.00
3" x 11 1/4" x 24" $170.00
3 1/4" x 5" x 24" $90.00
3 1/2" x 10 3/4" x 24" $170.00
4 3/4" x 5 1/4" x 24" $120.00
4 3/4" x 10 1/4" x 24" $260.00
4 3/4" x 10 3/4" x 24" $260.00
4 3/4" x 11" x 24" $260.00
5" x 5" x 24" $120.00 5" x 10 1/4" x 24" $260.00
5" x 10 3/8" x 24" $200.00
6 3/4" x 10 3/4" x 24" $325.00
6 3/4" x 11 1/4" x 24" $325.00 8 3/4" x 10 3/4" x 24" $385.00
9 3/4" x 11 1/4" x 24" $395.00
9 3/4" x 22 3/4" x 24" $490.00
10" x 10" x 24" $380.00 10" x 15 3/4" x 24" $400.00
For other sizes (rate per cubic inch) $0.30
Note: When rental is for less than one year, charge 1/12 of the annual rent per month (Minimum charge of 3 months rent).
*RBC Royal Bank Only** RBC FINCO Only
15 RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
BUSINESS BANKING FEES Our Fee
DEPOSIT ACCOUNTS
BUSINESS CHEQUING ACCOUNTS*
Minimum monthly fee $12.00
Minimum balance to attract interest N/A
Minimum balance to avoid monthly service fee N/A
Currency
Minimum Opening Balance $500.00
Transaction Fees
Number of transactions Included
Per cheque/debit transaction $0.70
ATM withdrawals $1.00
ATM Mini Statements/ Balance Enquiry FREE
Online BankingUp to 5 accounts - $10; 6-10 accounts,
$15; over 10 accounts - $20
Deposit FREE
Cheque writing privilege Yes
Pay Interest N/A
Statement Frequency
Overdraft Available
Other
COMMERCIAL DISCOVERY ACCOUNTS**
Minimum monthly fee $10.00
Minimum balance to attract interest N/A
Minimum balance to avoid monthly service fee N/A
Currency
Minimum Opening Balance $500.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $1.00
Per cheque/debit transaction $1.00
ATM withdrawals $1.00
ATM Mini Statements/ Balance Enquiry FREE
Online Banking N/A
Deposit FREE
Cheque writing privilege Yes
Pay Interest Quarterly
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
Statement Frequency
Overdraft Available
Other
ULTIMATE SAVINGS ACCOUNT - BUSINESS**
Minimum monthly fee $7.00
Minimum balance to attract interest $1,000.00
Minimum balance to avoid monthly service fee 1,000.00
Currency
Minimum Opening Balance $1,000.00
Transaction Fees
Number of transactions Included
Branch (includes transfers) $2.00
Per cheque/debit transaction $2.00
ATM withdrawals$2.00
ATM Mini Statements/ Balance Enquiry FREE
Online Banking N/A
Deposit $2
Cheque writing privilege Yes
Pay Interest Quarterly
Statement Frequency
Overdraft Available
OtherSERVICES RELATED TO DEPOSIT ACCOUNTS
ROYAL ONLINE INTERNET BANKING*
Monthly fee
up to 5 accounts $10.00
6 to 10 accounts $15.00
over 10 accounts $20.00
BILL PAYMENTS
Corporate client $1.00 CASH MANAGEMENT/PAYMENT SOLUTIONS
PAYROLLPayments in cash to employees from a customer supplied list (each) $3.00
Minimum $45.00
Payroll Manually prepared by bank and paid to individual $5.00
Manual Payments to employee accounts (where companies are RBC clients)
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
Internal transfers $3.00
to pay other banks $6.00
Minimum $45.00
Payroll Direct (Electronic Payroll)
0 - 200 transactions $40.00
201 – 400 transactions $50.00
401 – 600 transactions $60.00
600 and over transactions $75.00
Late Transmission Fee $50.00
Late Transmission Fee $100.00
Errors created by clients Fee $50.00
Payroll Cashing Credit
Per credit to employee with RBC account$ 0.50
Per credit to employee with another bank$ 0.60
Minimum $40
Payroll software interface
Programming services provided by RBC to interface Payroll product with customer’s software $250.00
Installation & training $350.00
Automated Payroll/ Payroll DirectPer credit to employee with RBC account $ 0.50 Per credit to employee with another bank $ 0.60
Minimum $40 Debi Multi-link Card
Per credit to employee with RBC account $ 0.50 Per credit to employee with another bank $ 0.60
Minimum $40
DEPOSITORY SERVICES*
Annual Service Charges-each location plus cost of bags
Opened $60.00
Unopened $300.00
Repairs to wallet $25
Lost keys for bag $25 plus full cost of replace
Disposable Bags
Orders under 500 bags (per hundred) $25.00
Orders over 500 bags (per hundred) $20.00
MERCHANT SERVICES*
Terminal Rental
Stand alone $45.00
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
WiFi $55.00
Wireless $85.00 CREDIT FACILITIES
BUSINESS/COMMERCIAL LENDING
Business Instalment / Demand Loans
Arrangement/Administrative Fee
Under $250,000 1% min $200
Over $250,0001% min $625
Annual Renewals
1% min $250
Standby/Commitment Fee
$0-250M 1% min $250
Over $250,0001% min $250
Interim Reviews/Additions/Temporary Facilities/Excesses/Amendments- % of facility
Under $250,000 1/2% to 1% min $50
Over $250,0001-4% to 2% min $250
Notice Fee (Verbal or Written) - Late Payment $30
Management Fees
Under $250,000 1% min $200
Over $250,0001% min $625
Performance Bonds Refer to Credit Risk Department, Bahamas Regional Office
Royal Premier Residential Property Loan
Commitment Fee1% of loan amount
Commercial Mortgages
Management Fees
Under $250,000 1% min $200
Over $250,0001% min $625
Statement Letters$15
Settlement Letters$15
Arrears $30
PROFESSIONALS PRODUCT
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
New equipment financing
Interest rate 0.50% reduction from posted rated
Application fee 0.35% discount in application fee
Leasehold improvements (for HCP Only)
Interest rate 0.50% reduction from posted rated
Application fee 0.35% discount in application fee
New car purchase
Interest rate 0.50% reduction from posted rated
Application fee 0.35% discount in application fee
Used car purchase
Interest rate 0.50% reduction from posted rated
Application fee 0.35% discount in application fee
Building/Property
Interest rate 0.50% reduction from posted rated
Application fee 0.35% discount in application fee
Operating Loan
Administrative Fee 0.35% of loan principal
Term Loan
Administrative Fee 0.35% of loan principal
Commercial overdraft
Application fee 0.35% discount in application fee
Merchant Point of Sale
Interest rate
0.25% off Standard Merchant Discount Rate (Not below Local Interchange
Agreement floor rate of 2.50%)
VISA & MASTERCARD - CREDIT CARDS*Visa Rewards Platinum Business $125.00
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
plus co-applicant $65.00
Fees
Late Payment Charge $40.00
Over Limit Charge $30.00
Dishonoured Cheque Charge (re: credit card payment-non RBC client)
$40.00
Dishonoured Cheque Charge (re: credit card payment-RBC client)
N/A
Excessive decline charges (charge applied after first 2 declines)
$1.00
Replacement Card fee $25.00
Cash advance local ABM 3% minimum $3
Cash advance offshore ABM and terminal 3%, minimum $5
Foreign Exchange on transactions not in BSD/USD currencies
1.50%
BSD cards subject to Bahamas stamp tax 1.50%
Statement copy fee - any other statement period $5.00
Sales/cash Advance draft copy fee - each copy $5.00
Immediate value for credit card payment request $25.00
Interest Rates 18%
COLLECTIONS
COLLECTION COMMISSIONS
Cheques and Clean Bills:Up to $2,000 $20.00
$2,001 - $499,999 1/16% - min $30.00 each
Maximum $175.00
$500,000 and over 1/32% - min. $200.00 eachMaximum $300.00
Outgoing Collection processing fee $75.00
Documentary Bills 3/4% - min $30.00 each
SUNDRY CHARGESHolding Charges
$20.00
Bonding and Insurance of goods $5.00 MinimumDelivery Orders $25.00
Guarantees re: Missing bills of lading 3/4% Min $25.00
Extending due date or altering tenor of Bill $25.00
Tracers $40
Wire Transfers
INTERBANK - COLLECTIONS IN FOREIGN CURRENCYFor Documentary Bills received by another Bank, the commission of 1/2% is paid to the Bank receiving the bills from overseas in Bahamian dollars. The remaining 1/4% commission is for the
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
LETTERS OF CREDIT (L/C) AND GUARANTEESStandard transactions. Transactions where any exceptional amount of
OUTWARD LETTERS OF CREDIT (IMPORTS)
1. Commercial L/C'sa. 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 inthe currency of the L/C No Charge
For a L/C not covered by Interest is tocash collateral in the currency of the L/C
Interest is to be charged at not less 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 Min $50
Confirmation charge (In addition to advising charge)
For each 60 days 1% Min $50
Negotiation of Drawings
Each drawing where immediate credit is given
Per payment 2% Min $30
Maximum $750.00
Amendments/Increases to creditNew Facility 2%
amendment to existing facility 1% min 50
To confirm credits - Risk Approval is necessary Additional charge $50.00
Notes:
GUARANTEES
Guarantees covering the non-production of Bills of lading.
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited
Schedule of Rates Charges – Effective November 1, 2013
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
*RBC Royal Bank Only** RBC FINCO Only RBC Royal Bank (Bahamas) Limited