Fees
| 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 | 1,000.00 $ | 1,000.00 $ |
| Closing account | 10.00 $ | -$ |
| Monthly maintenance | -$ | 250.00 $ |
| Compliancecharge | -$ | -$ |
Note For complex structures only, being non-equivalent country domiciled companies; complex economic activity. Account Set-up fee is not refundable.
| International Transfers | |
| Incoming | 0.19% |
| Outgoing | 0.90% |
Notes: Min incoming wire fee is $45 and for the outgoing transfers if BEN/SHA min fee 20 and if OUR 99. Compliance surcharge may apply for complex transactions. Payments processed until: 12 HRS ET – 00 HRS HK – 11 HRS UAE – 10 HRS CET..
| SEPA Transfers | |
| Incoming | 0.39% |
| Outgoing | 0.09% |
Note: Minim transfer amount is USD 50 or equivalent Payments processed until: 12 HRS ET – 00 HRS HK – 11 HRS UAE – 10 HRS CET.
| Deposits | ||
| Savings account in USD, 1 year (p.a.) | Min USD 100,000 or equiv | 3.00% |
| Savings account in USD 2 years (p.a.) | Min USD 100,000 or equiv | 2.00% |
| Money Market Account (quarterly withdrawals) | Min USD 125,000 or equiv | Following the yield curve, above 3% p.a. |
Note: Interest rates for deposits in other currencies are available on request - please contact your Relationship Manager. Money Market Account is off-balance sheet, hence the client funds are segregated from the bank's balance sheet. Min. 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 Deposit withdrawn before the maturity (interest payable) - 50%.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 | ||
| Issuance Fee | 0.95% | |
| Confirmation fee (If applicable) | 0.95% | |
| Amendment Fee | 150.00 $ | |
| Document Examination Fee | 200.00 $ | |
| Negotiation/Payment Fee | 1.50% | |
| SWIFT/Telecommunication Charges | 120.00 $ | |
| Client Trust Account | 120.00 $ | |
| 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 | ||
| InternetBanking | - $ | |
| MobileBanking | - $ | |
| Trace/Recall | 50.00 $ | |
| Refund | 90.00 $ | |
| Stop Payment/Cancellation | 100.00 $ | |
| Trace/recall | 50.00 $ | |
| 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 | 25.00 $ | |
| Banker's reference fee | 20.00 $ | |
| Credit Report to other Banks | 25.00 $ | |
| Courier charges per document | 25.00 $ |
Disclaimer
Available services and prices not mentioned in this document depends 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. Negative interest will be levied on all balances held in the given currencies: EUR, CHF, JPY; needless to say, if there is no balance held by the client, these charges will not apply. CHF- 2.00%, JPY -1.00%, EUR-1.00%
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. reserves the right to vary, modify, add or substitute its fees, charges and commissions or any one or more of them from time to time.
Mailing Address
P.O Box 145, North Shore Estate, St. George’s Parish, Nevis
Address
North Shore Estate, St. George’s Parish, Nevis
Call Us
+1 869 669 2763
Email Us
Home
About Us
Contact Us
How to become a Client
Accounts
Payments
Cards
Foreign exchange
Terms of Service
Privacy Policy
Full Legal Name: SUN BANK INTERNATIONAL LTD.
Registration/Company No.: 32 of 2022