Skip to main content

Schedule of Charges

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 Locations10
Outgoing International Wire (CARICOM)$60.00
Outgoing International Wire (Other)$75.00
Incoming WireUSD $12.50
Incoming Wire (Return)$50.00
Closure of Account (Under 12 months)$35.00

 

Fees – Credit Cards

Minimum Payment2% 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 Rate19.99%
Cash Advance Rate 25%
Over-Limit Rate25%
Late Payment Rate25%

 

 

Fees – Lending

Mortgage Application-
Admin Fee$2,500.00 - $5,000.00
Mortgage Commitment-
Renewal Mortgage Fee0.50%
Refinancing Fee-
Prepayment Fee90 days int
Personal Loan Application$25.00
Overdraft Interest9%
Temporary Overdraft1% min $50.00
Temporary Increase of Overdraft1% 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 tax15% of interest accumulated greater than or equal to BDS $100