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)

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.
SAVINGS

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

JUNIOR SAVINGS
ESTABLISH STRONG SAVING HABITS EARLY

Minimum Opening Balance

$100

Minimum Balance to Avoid Fees and Earn Interest

$100

Interest Rate

2% p.a.

GOLDEN SAVINGS
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* WITHDRAWALS ONLY AFTER 12 CONSECUTIVE MONTHLY DEPOSITS
INDIVIDUAL RETIREMENT ACCOUNTS
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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)

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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  

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Audit Confirmation

$60.00 - $250.00 + VAT

Transfer Fees

Transfer Fees

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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
Within 90 days
Within 180 days
Administration / Publishing Fee


$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
Balance per month

$0.41 per thousand ($) of
Balance per month


¬ 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

How to Apply?

10@2x

Phone

Mon - Fri (8am - 4pm)
1-268-481-4200

14@2x

In Person

Visit a local branch

Book Appointment