Fees – Accounts/Payments
Monthly Account Fee (.savings) | - |
Monthly Account Fee (.silver) | - |
Monthly Account Fee (.expert-saver) - Only if balance falls below BBD $2,500.00 | $10.00 |
Debit Card (First card is free) | $20.00 |
Virtual Card (First card is free) | $15.00 |
Outgoing ACH | - |
Outgoing RTGS | $12.50 |
Incoming RTGS | - |
ABM Withdrawals (Other Bank) | $3.00 |
ABM Withdrawals (Outside of Barbados) | USD $5.00 |
ABM Mini Statement | - |
ABM Locations | 10 |
Outgoing International Wire (CARICOM) | $60.00 |
Outgoing International Wire (Other) | $75.00 |
Incoming Wire | USD $12.50 |
Incoming Wire (Return) | $50.00 |
Closure of Account (Under 12 months) | $35.00 |
Fees – Credit Cards
Minimum Payment | 2% of outstanding balance or min $25.00 |
Annual Fee - Primary | $40.00 |
Annual Fee - Supplementary | $20.00 |
Cash Advance Fee (% of transaction amount) | 3.5% of transaction amount or min $10.00 |
Over-Limit Fee | $50.00 |
Late Payment Fee | $50.00 |
Replacement Card | $25.00 |
Purchases Rate | 19.99% |
Cash Advance Rate | 25% |
Over-Limit Rate | 25% |
Late Payment Rate | 25% |
Fees – Lending
Mortgage Application | - |
Admin Fee | $2,500.00 - $5,000.00 |
Mortgage Commitment | - |
Renewal Mortgage Fee | 0.50% |
Refinancing Fee | - |
Prepayment Fee | 90 days int |
Personal Loan Application | $25.00 |
Overdraft Interest | 9% |
Temporary Overdraft | 1% min $50.00 |
Temporary Increase of Overdraft | 1% min $75.00 |
O/D Setup Fee | - |
O/D Annual Review Fee | $200.00 |
Late Payment Fee | $50.00 after 3 days of past due |
Vehicle Inspection (Used Vehicle) | $375.00+ |
Credit Report (+VAT) | $20.00 |
Amortization Schedule (+VAT) | - |
Duplicate Statement (+VAT) | - |
Certificate of Balance (+VAT) | - |
Fees - Other
Investigation Charge | $30.00 |
Bank Reference | $25.00 |
Inactive Account Notice | $10.00 |
Audit Confirmation | $30.00 |
Balance Confirmation (+VAT) | $20.00 |
Letters (Standard) (+VAT) | $20.00 |
Withholding tax | 15% of interest accumulated greater than or equal to BDS $100 |