Fees
SUN BANK INTERNATIONAL FEES AND COMMISSIONS SCHEDULE
All amounts in United States Dollars unless specified otherwise
Business and individual accounts are available in USD, EUR, AED, BRL, CHF, CNY, GBP, HKD, SGD
| Account opening and maintenance | If savings account or Money Markets Account > 200,000.00 $ | If savings account or Money Markets Account < 200,000.00 $ |
| Account Set-up | 1,000 $ | 1,000 $ |
| Closing account | 10 $ | -$ |
| Monthly maintenance | -$ | 250 $ |
| Compliancecharge | -$ | -$ |
Note: Account Set-up fee is not refundable.
| International Transfers | |
| Incoming | 0.10% |
| Outgoing | 0.60% |
| Forex | 0.90% |
Minimum incoming wire fee is 95$ and 145$ for outgoing wire
Minimum forex fee is 30$
Compliance surcharge on the transfer fees may apply for complex transactions.
Payments processed until: 08:00 am AST
| Term Deposits | ||
| Savings account in USD, 1 year (p.a.) | Minimum 100,000 $ or equivalent | 2.00% |
| Savings account in USD 2 years (p.a.) | Minimum 100,000 $ or equivalent | 3.00% |
Interest rates for deposits in other currencies are available on request - please contact your Relationship Manager.
Money Market Accounts are off-balance sheet, hence the client funds are segregated from the bank's balance sheet.
Minimum Credit balance to receive interest the same as the min amount for opening.
Deposit withdrawn before the maturity (interest payable) - 50%.
| Trade Related Services | |
| Escrow Account Service | 1% |
| Letter of Credit | On a case by case level |
| Issuance Fee | 0,95% |
| Confirmation fee (If applicable) | 0,95% |
| Amendment Fee | 150 $ |
| Advising Fee | 250 $ |
| Document Examination Fee | 200 $ |
| Negotiation/Payment Fee | 1,50% |
| SWIFT/Telecommunication Charges | 120 $ |
| Client Trust Account | 120 $ |
| Performance Bonds | Negotiable |
| Bid bonds | Negotiable |
| Advance payment bonds | Negotiable |
| Shipping guarantee | Negotiable |
| Other guarantees | Negotiable |
| Bill discounting | Transactional charges and interest depend on the amount and tenor of bills |
| Other Services | |
| Internet Banking | Free |
| Mobile Banking | Free |
| Trace/Recall | 50 $ |
| Refund | 90 $ |
| Stop Payment/Cancellation | 100 $ |
| Compliance and Bank Queries (B2B) | Charge on actuals |
| Payment Amendment / Tracer / Recall / Cancellation (B2B) | Charge on actuals |
| Overdrawing current account without overdrawing limits | 15% |
| Official Account Confirmation Letter | 25 $ |
| Banker’s reference letter | 25 $ |
| Credit Report to other Banks | 25 $ |
| Courier charges per document | 20 $ |
Disclaimer
Available services and prices not mentioned in this document depend upon specific request.
Amendments, cancellations, tracer requests will be sent to [email protected]
Payments may be returned/rejected based on the respective banks’ risk appetite, or if incorrect information was provided by the remitter.
All fees/ charges which are vatable are inclusive of VAT and all fees/ charges which are not vatable have zero VAT.
Sun Bank International Ltd. retains the exclusive right to amend, revise, introduce, or replace its fees, charges, and commissions, individually or collectively, at its sole discretion and without prior notice.