EQIBank Fees

BANKING FEES

Banking Fees per December 1, 2020*

Application & monthly fees* 

Account application fee (non-refundable)USD 1,000
Minimum balance across currencies (over time)USD 25,000
Monthly account maintenanceFREE
Monthly minimum fees payable per currency accountUSD/EUR 100

Transaction fees  *

Receipt of funds0.65%
min. USD/EUR 10
max. USD/EUR 500
SWIFT payments1.10%
min. USD/EUR 50
max. USD/EUR 950
SEPA payments0.50%
min. EUR 10
max. EUR 500
Return wireUSD 75
Standing orderFREE
OverdraftUSD 150
FX margin – major pairs1.50%
FX margin – exoticsBy currency

Other service fees   

Payment tracerUSD 75
Audit confirmation (per currency account)USD 100
Letter of Reference – 5 daysUSD 100
Letter of Reference – 48 hoursUSD 500 

*Higher fees may be applied to certain types of businesses  

 

Banking Fees valid until November 30, 2020

Application & monthly fees    

Account application fee (non-refundable)USD 1,000
Minimum balance for each currency accountUSD/EUR 5,000
Monthly account maintenanceUSD 100

Transaction fees 

Receipt of funds0.25%
SWIFT payments0.25%
min. USD 65
max. USD 1,000
SEPA paymentsEUR 5
Return wireUSD 75
Standing orderFREE
OverdraftUSD 150
FX marginBy currency

Other service fees

Payment tracerUSD 75
Audit confirmation (per currency account)USD 100
Letter of Reference – 5 daysUSD 100
Letter of Reference – 48 hoursUSD 500
CARDS FEES

Card Financing Interest0%
Annual Fee$100.00
Application Fee$12.50 

 Transaction Fee 

Foreign Transaction Fee4.00%
POS Purchase$0.25
ATM Fees$4.00 + 2.50%
ATM Balance Inquiry$1.50
Card Load Fee 0.75%(5$minimum)

 Penalty Fees 

Late payment commissionNo Fee 
Overdraft Fee$25.00
Replacement Card Fee$25.00 
CUSTODY FEES

Digital Asset Custody 

$500,000 -$50,000,000bps 25
$150,000,000.01-$500,000,000.00bps 20
$500,000,000.01-$999,000,000.00bps 15

Setup and fees Fees

Account SetupUSD 5,000
Minimum Annual FeeUSD 5,000
Payment of FeesFees debited monthly

Traditional Asset Custody
Price on request

Issued by EQIBank Limited, of EQIBank Limited, 24 Hillsborough Street Suite II, Roseau, Dominica, which is licensed to conduct Banking Business by the Financial Services Unit. The Site is primarily intended for those who access products and services from outside the Eastern Caribbean Currency Union. Because of this, we cannot guarantee that the Site or the information thereon complies with law or regulation of other countries, or is appropriate for use, in other places. You are wholly responsible for use of the Site by any person using your computer and you must ensure that any such person complies with these Terms. The information provided on this Site is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. This Site should not be considered as communicating any invitation or inducement to engage in banking or investment activity or any offer to buy or sell any securities or other instruments. EQIBank reserves the right to adjust fees at any time. EQIBank reserves the right to amend, withdraw or not release any product or services at its sole discretion.