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 maintenance | FREE |
| Monthly minimum transaction fees payable per currency account | USD/CAD/EUR/GBP 100 |
Dedicated named EUR IBAN (optional)
| Set-up fee | EUR 1,500 |
| Monthly minimum transaction fees payable | EUR 300 |
Transaction fees
| Incoming funds | min. fee USD/CAD/EUR/GBP 10 max. fee USD/CAD/EUR/GBP 500 0.65% of amount received |
| Outgoing payments SWIFT | min. fee USD/CAD/EUR/GBP 50 max. fee USD/CAD/EUR/GBP 950 1.10% of amount sent |
| Outgoing payments SEPA | min. fee EUR 10 max. fee EUR 500 0.50% of amount sent |
| Return wire | USD/CAD/EUR/GBP 75 |
| Standing order | FREE |
| Overdraft | USD/CAD/EUR/GBP 150 |
| FX margin – major pairs | 1.50% |
| FX margin – exotics | By currency |
Other service fees
| Payment tracer | USD 75 |
| Audit confirmation (per currency account) | USD 100 |
| Letter of Reference – 5 days | USD 100 |
| Letter of Reference – 48 hours | USD 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 account | USD/CAD/EUR/GBP 5,000 |
| Monthly account maintenance | USD/CAD/EUR/GBP 100 |
Transaction fees
| Receipt of funds | 0.25% |
| SWIFT payments | 0.25% min. fee USD 65 max. fee USD 1,000 |
| SEPA payments | EUR 5 |
| Return wire | USD/CAD/EUR/GBP 75 |
| Standing order | FREE |
| Overdraft | USD/CAD/EUR/GBP 150 |
| FX margin | By currency |
Other service fees
| Payment tracer | USD 75 |
| Audit confirmation (per currency account) | USD 100 |
| Letter of Reference – 5 days | USD 100 |
| Letter of Reference – 48 hours | USD 500 |
CARDS FEES
| Card Financing Interest | 0% |
| Annual Fee | $100.00 |
| Application Fee | $12.50 |
Transaction Fee
| Foreign Transaction Fee | 4.00% |
| 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 commission | No Fee |
| Overdraft Fee | $25.00 |
| Replacement Card Fee | $25.00 |
CUSTODY FEES
Digital Asset Custody
| $500,000 -$50,000,000 | bps 25 |
| $150,000,000.01-$500,000,000.00 | bps 20 |
| $500,000,000.01-$999,000,000.00 | bps 15 |
Setup and fees Fees
| Account Setup | USD 5,000 |
| Minimum Annual Fee | USD 5,000 |
| Payment of Fees | Fees 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.