ACB Caribbean Service Fees
At ACB Caribbean we encourage our customers to be fully involved in the management of their financial affairs. Here are a few tips on how to minimize your banking costs:
Be sure the account you choose matches your needs. Some accounts may attract fees so pay close attention to the following:
- NUMBER OF TRANSACTIONS
Fees on accounts are based on the number of transactions per month. If you need frequent access to your funds consider the transaction activity costs. Electronic channels such as Online Banking, ATMs, Credit and Debit cards can help to reduce costs. - MINIMUM BALANCE
Some accounts stipulate minimum balances. If you do not maintain these balances, you will be charged additional fees. Get to know your account and manage your balances. - PRODUCT RULES
Discuss your exact needs with us so that we may advise you. Using a product inappropriately may cost you additional fees, for example, redeeming a fixed deposit before maturity or closing an account too soon.
Some accounts exempt you from paying fees, if you maintain at least a minimum balance. Take advantage of them and avoid paying fees altogether.
Electronic channels such as ATMs and Online Banking cost much less than cheques or over-the-counter transactions.
We provide receipts, statements and other documents related to your account. Keep them safely because requesting additional costs will incur additional fees. Maintaining good records will also enable you to manage your finances.
There are penalties for not making loan and credit card payments on time. Pay them on time and avoid these fees.
Be proactive and talk to us about your changing circumstances. Exceeding your authorized limit is costly.
Account Fees
Account Fees
- CHEQUING ACCOUNTS (EC$ & US$)
(BUSINESS & PERSONAL) - SAVINGS ACCOUNTS
- JUNIOR SAVINGS
- GOLDEN SAVINGS
- INDIVIDUAL RETIREMENT ACCOUNTS
(BUSINESS & PERSONAL)
Minimum To Open | $200.00 |
Monthly Service Charge | $21.74 + VAT |
Deposit Fees | $0 |
Dishonoured Cheque & Returned Cheque | $52.17 + VAT |
Stop Payment | $30.00 + VAT |
NSF Returned Cheque | $86.96 + VAT |
In-Branch Transaction & ATM Fee | In branch $5.00 +VAT; Off-site ATM Withdrawals $1.00 + VAT |
Overdraft Protection Annual Fee | 1% + VAT min. $250.00 + VAT; Management Fee for Regular Chequing & VIP Banking - 1% of account + VAT, min $300.00 + VAT: Annual Review - 0.5% of current OD Limit + VAT, min $150.00 + VAT; Temporary Accommodation Fee: 1% of Current OD Limit + VAT, Min $300.00 + VAT |
Excess Fee | 5% above the approved rate or MIN $100.00 |
Unauthorized Overdraft | 16% min $40.00 |
USD Chequing Account Service Charge on Deibits | $1.50 US per Debit |
* Charges for USD accounts will be applied in USD currency.
Minimum To Open | $100 |
Interest Rate | 2% p.a. |
Minimum Balance to Avoid Fees and Earn Interest | $100 |
Charge For Minimum Balance Violation (Per Month) | $0 |
Enhanced Maintenance Fee - US Citizen - (CIP) | $2.00 + VAT |
In-branch Transactions
ATM Withdrawal-Offsite ATMs | $5.00 + VAT
$1.00 + VAT |
Monthly Service Charge | $3.00 + VAT |
US Accounts Debit Charge | $1.50 US per debit |
ESTABLISH STRONG SAVING HABITS EARLY
Minimum Opening Balance | $100 |
Minimum Balance to Avoid Fees and Earn Interest | $100 |
Interest Rate | 2% p.a. |
SAVE TOWARDS THAT SPECIAL GOAL [wptb id="1298" not found ]
* WITHDRAWALS ONLY AFTER 12 CONSECUTIVE MONTHLY DEPOSITS
SAVE TOWARDS YOUR RETIREMENT [wptb id="1344" not found ]
Deposit Fees
Deposit Fees
Number of Sizes | 4 |
Box Rental Fee | $150 - $275 + VAT |
Free Visits | 12 Per Year |
Thereafter | $10.00 + VAT |
Annual Fee : Canvas Bags | $150.00 + VAT |
Annual Fee : Disposable Wallet | $150 - $275 + VAT (Small - Large) |
Document Fees
Document Fees
Standing Orders | $10.00 - $30.00 +VAT |
Statements | E-Statements - Free; Duplicates - $10.00 + VAT per page per month; Printed - $10.00 + VAT per page per month |
Audit Confirmation | $60.00 - $250.00 + VAT |
Transfer Fees
Transfer Fees
Transfer between Accounts | Free |
Check Balances | Free |
To the Caribbean | $47.83- Online / $56.52 - Branch + VAT+ Correspondent Bank Charges |
To the United States | $86.96-Online / $104.35 Branch + VAT + Correspondent Bank Charges |
To Canada | $86.96 + 0.75% - Online / $104.35 + 0.75% -Branch of Transaction Amount + VAT+ Correspondent Bank Charges |
To the Rest of the World | $86.96 + VAT - Online/ $104.35 + VAT - Branch + Correspondent Bank Charges |
Early Account Closure: Within 30 days | $30.00 + VAT $30.00 + VAT $30.00 + VAT $25.00 + VAT |
Letter to Embassy | $30.00 + VAT |
Certificates of Interest Paid for Income Tax Purposes | $30.00 + VAT |
Bank Reference Letter | $30.00 + VAT |
Special Notice Fee / initial Form | $10.00 + VAT |
Dormant Accounts | $10.00 + VAT per annum |
Research and Production of Records / Vouchers | |
Over 3 Months and up to 7 Years | Same month & up to 3 months - $50.00 + VAT; Over 3 months to 1 Year - $60.00 + VAT; 2 Years - $75.00 + VAT; 3 Years - $100.00 + VAT; 4 Years - $200.00 + VAT |
Large Cash Deposits / Withdrawals (In-Branch) | 0.20% + VAT on amounts of $5,000.00 or more per day. |
Rates Charged | 2% - 4% |
Business Services Fees
Business Services Fees
E-Pay - Operational Fee | $15.00 + VAT + $1.00 + VAT per employee paid. |
Manual Payroll - Paper List Operational Fee | $30.00 + VAT + $3.00 + VAT per employee paid. |
Manual Payroll - Cash Envelope Operational Fee | 0.1% + VAT subject to min of $30.00 + VAT |
Late Transmission of Payroll File by Email | $100.00 + VAT |
Late Transmission of Payroll File by Messenger | $100.00 + VAT |
Rates Charged | 2 % - 4% |
Rental Of Machines | $58.70 + VAT = $67.50 |
Card Fees
Card Fees
CLASSIC | GOLD | |
Annual Fee | $0 | $0 |
Replacement Card | $35 | $50 |
Emergency Card | $35 | $50 |
Additional Card | $35 | $50 |
Monthly Maintenance Fee | N/A | N/A |
Transaction Fee (ACB ATMs) | $0 | $0 |
Transactions Fee (Other Banks ATMs) | 2% Minimum $10 | 2% Minimum $10 |
Transaction Fee (POS Terminals) | $0 | $0 |
Cash Advances (Other Banks) | 2% Minimum $10 | 2% Minimum $10 |
ATM Denial Fee (Other Banks) | $1.50 | $1.50 |
ATM Balance Enquiry | $1.50 | $1.50 |
Currency Conversion Fee | 1% | 1% |
PayPal Credits | $15 | $15 |
ATM withdrawals | + $1 for all offsite ATMs | + $1 for all offsite ATMs |
CLASSIC CREDIT CARDS | VISA CLASSIC (XCD) | VISA GOLD & MASTERCARD (XCD) |
Membership Annual Fee (Primary) | $100 | $150 |
Membership Annual (Additional) | $50 | $75 |
Replacement Card | $25 | $25 |
Emergency Card Fee | $50 | $50 |
Cash Advance Fee | 2% Minimum $10 | 2% Minimun $10 |
Over Limit Fee | $50 | $50 |
Immediate Credit | $15 | $15 |
Late Payment Fee | $45 | $55 |
Minimum Payment | 5% Minimum $20 | 5% Minimum $20 |
Statement Reprint (Only One) | $15 | $15 |
Statement History (More Than One) | $25 | $25 |
Change of Currency of Account | $25 | $25 |
Annual Interest Rates | 16% annually | 16% annually |
Insurance (optional) | $0.41 per thousand ($) of | $0.41 per thousand ($) of |
¬ 1% CASH BACK / REWARDS POINTS
PLATINUM CREDIT CARDS | PLATINUM | PLATINUM BUSINESS |
Membership Annual Fee (Primary) | $200 | $200 |
Membership Annual (Additional) | $80 | $165 |
Replacement Card | $25 | $25 |
Emergency Card Fee (Primary & Additional) | $50 | $50 |
Cash Advance Fee | 2% Minimum $10 + VAT | 2% Minimum $10 + VAT |
Over Limit Fee | $75 | $75 |
Immediate Credit | $15 | $15 |
Late Payment Fee | $100 | $75 |
Minimum Payment | 5% Minimum $20 | 5% Minimum $20 |
Statement Reprint (Only One) | $15 | $15 |
Statement History (Only One) | $25 | $25 |
Annual Interest Rates | 16% Annually | 16% Annually |
Insurance (optional) | $0.41 per thousand ($) of Balance per month | $0.41 per thousand ($) of Balance per month |
¬ 1% CASH BACK / REWARDS POINTS
