EQIBank Fees

BANKING FEES

 

Banking Fees per February 15, 2021*

Application & monthly fees

Multi-currency account application fee (non-refundable)USD 1,000
Minimum balance across currencies (over time)USD 15,000
Monthly account maintenanceFREE
Monthly minimum transaction fees payable150

Dedicated named EUR IBAN (optional)

Set-up feeEUR 1,250
Monthly minimum transaction fees payableEUR 250

Transaction fees

Incoming fundsmin. fee 10 in any currency, except HKD/CNH
max. fee  500 in any currency, except HKD/CNH
0.50% of amount received
Outgoing payments SWIFTmin. fee 50 in any currency, except HKD/CNH
max. fee 950 in any currency, except HKD/CNH
0.75% of amount sent
Outgoing payments SEPAmin. fee 10 in any currency, except HKD/CNH
max. fee 500in any currency, except HKD/CNH
0.50% of amount sent
Return wire75 in any currency, in any currency, except HKD/CNH
Standing orderFREE
Overdraft150 in any currency, in any currency, except HKD/CNH
FX margin – major pairs1.00%
FX margin – exoticsBy currency

 Other service fees

Negative interest charge on EUR, CHF balances 0.35% per annum
Payment tracerUSD 75
Audit confirmation (per currency account)USD 100
Letter of Reference – 5 daysUSD 100
Letter of Reference – 48 hoursUSD 500

 *Subject to change. Higher fees may apply to certain types of businesses. Bespoke fees may apply to high volumes.

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, Commonwealth of 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.