CORPORATE BANKING TARIFF 2021 - Effective 1st July 2021 - National Bank of Malawi
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
CORPORATE
BANKING
TARIFF 2021
Effective 1st July 2021
1
Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
ABSOLUTELY
FREE SERVICES
CURRENT ACCOUNTS
a. 50 paged (Premium Gold)
b. 50 paged (Platinum)
DRAFTS AND TRANSFERS
a. Foreign Inward - Commission
b. Transfer from FCDA to Current Account (MWK) with another bank
KASUPE FINANCE
BankNet 360
e-BANKING SERVICES
i. Transaction Fee (within NBM - Bank net online)
ii. MRA Tax payment
iii. Transfers to other NBM Wallet
iv. Transfers to NBM bank account
v. Cardless Withdrawals at ATM
i. ATM Cash withdrawal up to daily limit (NBM
customers on NBM ATM)
vi. Declined ATM cash withdrawal insufficient funds (NBM ATMs)
x. ATM Balance enquiry (NBM customers on NBM ATMs)
i. Point of Sale Transactions (Debit Card) in country
ii. Point of Sale Transactions (Debit Card) international
STANDING ORDERS
Bank initiated standing Orders (such as loan repayment STOs)CONTENTS CURRENT ACCOUNTS 4 STANDING ORDERS 4 INTERNATIONAL TRADE INVESTIGATIONS AND CHARGES -SUNDRY 4 EXCHANGE CONTROL 5 MULTICURRENCY CASH PASSPORT 5 FOREIGN NOTES SALES & PURCHASES 5 e-BANKING SERVICES 5-6 COUNTER SERVICES 6 BILLS FOR COLLECTION - FOREIGN 6 BILLS FOR COLLECTION - LOCAL 7 BILLS DISCOUNTED 7 BILLS NEGOTIATED 7 BILLS - SHIPPING DOCUMENTS 7 BILLS FOR COLLECTION - SUNDRY CHARGES 7 LEGAL SERVICES 7-8 PENSION SERVICES 8 TREASURY OPERATIONS 8 ASSET FINANCE 9 LETTERS OF CREDIT 9 LETTERS OF GUARANTEE 10 SMALL AND MEDIUM ENTERPRISE (SME) FACILITIES 10 CORPORATE BANKING FACILITIES 10 DRAFTS AND TRANSFERS 10 - 11 SAFE CUSTODY 11 SUNDRY CHARGES 11 - 12 BANCASSURANCE 12 CRB CHARGE 12
Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
1. CURRENT ACCOUNTS 2021 TARIFF
i. Bank Cheque K29,020
ii. Cheque Book -
a. 100 Pages K30,800
b. 100 pages (Kasupe finance) K13,750
c. 200 pages K56,680
d. 200 Pages (Kasupe finance) K25,300
iii. Dishonoured cheques K68,880
iv. Service Fee
a. Corporate K22,250
b. Associations,Clubs & NGOs K7,200
c. SME Customers K16,850
d. Amayi angathe K200
e. Kasupe Finance K2,500
v. Special Presentation/ Clearance (Other Banks) K101,360
iix. Interim Statement per page
a. Interim statement within a month per page K4,370
b. Account history beyond 1 month , within 12 months per page K7,000
c. Account history beyond 12 months per page K8,520
ix. Counter Cheque per leaf K9,240
x. Stop Payment (for reasons other than lost/stolen K68,880
xi. Unarranged Overdraft K68,880
xii. Sweep Transactions
a. Annual Establishment Fee K46,200
b. Balance Maintenance Fee per transaction K3,360
2 STANDING ORDERS
*This excludes internally generated standing orders such as those
on loan repayments
i. Bank initiated standing Orders (such as loan repayment STOs) Free
ii. Establishment of customer initiated Standing Orders ( Flat fee) K5,040
iii. Insurance Companies 2.5% of total amount (deduct from
aggregate amount Min K3,750 per month)
iv. Processing customer initiated standing orders to other bank
(per transaction) K5,320
v. Direct debits within NBM K610
3. INTERNATIONAL TRADE INVESTIGATIONS AND CHARGES -SUNDRY
a. Remittance copy reprint within 3 months/set K4,600
b. Remittance copy reprint within 6 months/set K5,750
c. Remittance copy reprint beyond 6 months/set K6,950
d. Remittance/ documents investigation after 1 month K5,300
e. Remittance/ documents investigation after 3 months K6,950
f. Remittance/ documents investigation beyond 6 months but
within 3 years K11,550
g. Remittance/ documents investigation beyond 3 years K22,000
h. Remittance balances enquiry K4,600
i. General reprints/set K1,000
j. Dicharge of Adoption Documents K5,000
k. Amendment fee on Advance payment K5,000
4Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
4 EXCHANGE CONTROL
i. EC Application - Local K5,750
ii. EC Application - RBM K18,350
iii.EC Application - Prepayment K18,350
iv. Penalty EC Charge K23,055
v. CD1 Forms
- Bank-processed K5,800
- Customer-processed/ bank submission to RBM K2,400
- Customer processed/ copy collected at bank K5,800
- CD1 Reconciliation/Cancellation K26,680
- Bank-processed Amendment K5,800
- Customer-processed Amendment/ bank submission to RBM K2,100
vi. Confirmation of export of goods less than USD5,000 K25,000
5 a. MULTICURRENCY CASH PASSPORT
i. Card cost-New (Collected by Travelex)-USD USD14
ii. Sale 1% Min. K7,950
iii. Purchase No charge
iv. Additional card fee (master card) USD5
v. Reload fee (Master card) USD2/EUR1.50
b. FOREIGN NOTES SALES & PURCHASES
Commission
- Sales 1.5% Min K8,950
- Purchases No charge
- Sales Against FCDA Balances 1% Min K8,950 equivalent
6 e-BANKING SERVICES
a. Internet Banking (Banknet Online and Banknet 360)
i. Monthly service fee K6,200
ii. Transfers within NBM Free
iii. Transfers to other banks (SME) 0.25% Min K1,125 Max K11,250
iv. Transfers to other banks (corp) 0.25% Min K1,125 Max K11,250
v. Recurring Payment within NBM K395 per transaction
vi. Recurring Payments to other Banks K1,120 per transaction
vii. Transfers to Wallet (Mobile Network Operators) K620 for every K50,000 or part thereof
viii. Transfers to Wallent (NBM) K280 for every K50,000 or part thereof
viii. Bulk Payments to NBM accounts K620 per transaction
ix. Bulk Payments to other banks K1,120 per transaction
x. Bulk Payments to wallets K560 per transaction
b. Electronic Fund Transfers (NBM EFT)
i. Within NBM K620 per transaction
ii. To other Banks K1,120 per transaction
iii. To Mobile Wallet (Mobile Network Operators) K810 per transaction
iv. To NBM Wallet K280 per transaction
d. NBM Visa Credit Card
i . Visa EMV Credit Corporate Business Card
- Subscription fee on first issuance including Card fee K61,600
- Annual fee K35,840
- Renewal fee K33,600
- Replacement for reasons such as; card damaged, lost,
stolen, and emergency. K39,200
5Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
6 e-BANKING SERVICES 2021 TARIFF
ii.
Visa EMV Credit Corporate Card
- Subscription fee on first issuance including Card fee K78,400
-
Annual fee K50,400
- Renewal fee K50,400
- Replacement for reasons such as; card damaged, lost,
stolen, and emergency K44,800
iii. Pin regeneration K3,360
iv Late payment fee K20,000
v. Over limit fee 15% of the exceeded amount
with a minimum of K200,000
e. MoneyCard Services
i. ATM Cash withdrawal up to daily limit (NBM customers on NBM ATM) Free
ii. ATM Cash Withdrawal at other Bank ATMs in the country (NATSWITCH) K225
iii. ATM withdrawal (Visa local) K505
iv. ATM withdrawal (international) 5.0%
v. Declined ATM cash withdrawal insufficient funds (Other Banks ATMs in country) K225
vi. Declined ATM cash withdrawal insufficient funds (own ATMs) Free
vii. Balance enquiry (Other Bank ATMs in-country) K112
iix. Balance enquiry (international) K225
ix. ATM Mini - Statement K225
f. Point of sale transactions (Debit Cards)
i. Point of Sale Transactions (Debit Card) in country Free
ii. Point of Sale Transactions (Debit Card) innternational Free
iii. Online Transactions (Debit Cards) 1.5%
i. My Fuel Card Services
New Card K11,800
Replacement K14,400
Renewal K10,600
7 COUNTER SERVICES
i. On The Counter Cash Withdrawals on amounts within ATM limit (personal
customers only) K300
ii. Instruction to transfer funds between NBM accounts K1,400
iii. Balance inquiry on enquiries desk K150
8 BILLS FOR COLLECTION - FOREIGN
i.
Commission
a. Documentary 1% Mi. K20,000;
Max K39,500
b. Clean 1% Min K18,950;
Max K38,050
ii. Swift K30,500
iii. Postage K20,950
iv. Courier Service Courier rate inclusive
VAT + 50%
v. Stamp Duty As per Stamp Act
vi. Bill Extension K23,295
vi. Bill Returned Unpaid on Due date K27,850
vii. Bill Stop Payment K24,000
6Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
9 BILLS FOR COLLECTION - LOCAL 2021 TARIFF
i. Commission 1% Min K12,000; Max K30,000
ii. Daily Presentation (Flat fee) K12,528
iii. Cheques (per collection) K11,000
10 BILLS DISCOUNTED
i. Commission 1% Min K11,500; Max K27,000
ii. Stamps Per Stamp Act
11 BILLS NEGOTIATED
i. Commission
a. Documentary 1% Min K15,200; Max K30,650
b. Clean 1% Min K11,950; Max K30,000
ii. Stamps Per Stamp Duty
iii. Postage K20,950
iv. Courier Service Courier rate inclusive of VAT plus 50%
12 BILLS - SHIPPING DOCUMENTS
i. Composite Bills Of Lading requiring Release 1% Min K15,320, Max K45,350
ii. Delivered Against Cash Deposit or Written Undertaking to Pay 1% Min K15,320, Max K45,350
iii. Documents Returned to Principals 1% Min K22,620.Max K48,150
iv. Bonding / Release USD50 plus Courier Rate
v. Customs Bank Release ( Customs Clearing Certificate) K29,100
vi. Documents Released to Drawee Free of Payment K45,800
vii. Delivery to Consignees (Unaccompanied by Bills of Exchange) 1% Min K19,150, Max K58,900
13 BILLS FOR COLLECTION - SUNDRY CHARGES
i. Delays on Acceptance (per week) K36,550
ii. Payments to Local Third Party 0.5% Min K19,150., Max K39,150
iii. Noting USD50 plus Notary Costs (recoverable
from Remitting Bank)
iv. Release of Parcel Slip ( per release) K27,000
v. Follow-up for Negotiation Instructions K30,000
vi. Copies of Export Documents not Presented K15,000
14 LEGAL SERVICES
i. Settlement Trusts (Excluding Minors)
- Acceptance Fee 5% Min K77,000
- Continuing Trust Fee 0.5% quarterly, Min K17,000
- Withdrawal Fee ( Closure of Account) 2% Min K22,000
- Statement on customers request K10,300
- Disbursement for recoveries Quarterly, K10,000
ii. Deceased Estates
- On Estate Value 6% of the total Estate Value
- Continuing Deceased Estate Fee 0.5% quarterly, Min K16,800
- Withdrawal Fee ( Closure of account) 1% Min K22,000
- Disbursement for recoveries Quarterly, K10,000
7Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
14 LEGAL SERVICES 2021 TARIFF
iii. Property Management Fees
- Fees Charged On Total Rentals Received 10% Min K31,700/month
- Disbursement for recoveries Quarterly, K10,000
iv.
Transfer Secretarial
- Small Register Maintenance (Less than 2000 ) USD900 per month and recoverable
quarterly in arrears
- Medium Register Maintenance (above 2000 and below 5000) USD1000 per month and recoverable
quarterly in arrears
- Big Register Maintenance ( more than 5000) USD1300 per month and recoverable
quarterly in arrears
- Dividend Payments K1,150 per cheque
K400 per EFT entry
K5,700 per foreign dividend
payment ( plus direct expense)
v. Share Certificates
- Consolidation of share certificate K3,700 per new certificate issued
- Split of split share certificate K3,700 per new certificate issued
- Replacement of share certificates K3,700 per new certificate issued
- Change of ownership K3,700 per new certificate issued
- Blocking of share certificates K15,100 flat per certificate
vi. Taxation Fees 3% of taxable income Min K60,000,
Max K291,820
vii. Cheque issued K29,020
15 PENSION SERVICES
i. Pension Funds
- Member’s Salary Bill 0.8% Monthly, Min K60,000
- Pension’s Pay roll 0.8% Monthly, Min K60,000
ii. Gratuity Funds 0.8% Monthly, Min K60,000
16 TREASURY OPERATIONS
i.
Custodial Services
- (Local) - Transaction Fees (per transaction) K5,000
- Safekeeping Fee 8 basis point per annum min K50,000
for clients with assets worthy less than
K5 billion
7 basis point per annum Min K50,000 for
clients with assets worthy more than
K5 billion but less than K20 billion
- Postage K5,400
- (Foreign) - Transaction Fees USD 60 per transaction
- Safekeeping Fee 0.20% of fund value per annum,
Min USD60 per month
- Postage K 5,750
ii. Payment ( via Swift instruction) from
Vostro Account ( Transaction Cost) 1% Min K3,400; Max K27,000
iii. ATS transfer Charge K12,000
8Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
17 ASSET FINANCE 2021 TARIFF
i. Arrangement fee (Vehicle Finance) 1%
ii. Dishonoured Cheque K68,880
iii. Unpaid Standing Order K68,880
iv. Stop Payment K68,880
v. Rescheduling of deal structure K64,400
vi. Certificate of Balance (per certification) K32,710
18 LETTERS OF CREDIT
a. Outward
i. Commission on Establishment 0.75% per month or part thereof,
Min K34,500 for L/Cs Without Cash Cover
0.75% for each 3 months or part thereof,
Min K28,600 thereof, Min. K28,600, for
L/Cs with Cash Cover
ii. Acceptance/ Accepted Draft 0.5% per month or part thereof,
Min K27,600
iii. Amendment (Flat Fee) K36,400
iv. Swift Establishment K41,650
v. Swift on Amendment K 33,300
vi. Swift - General K30,500
vii. Extension of period or increase As per Commissions on Establishment
as above
iix. Subsequent Amendments to Preadvice K2,950
ix. Drawing (Flat Fee) K50,750
x. Cancellation Fee (Flat Fee) K46,150
xi. Delayed Acceptance of Drawing K45,000
b. Inward
i. Confirmation 1% per month or part thereof, Min K36,250
ii. Swift Advising/ Amendment (Flat Fee) K38,150
iii. Payment/ Reimbursement Negotiation K102,100
iv. Swift - General K30,500
v. Courier Courier Rate + VAT + 29%
vi. Drawing Negotiation/ Appraisal per submission 0.25% of Drawing Amount, Min K100,000;
Max K500,000
vii Cancellation Fee K46,200
iix. Discrepant Documents per submission K101,500
ix. Copies of Export Documents not Presented K15,000
9Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
19 LETTERS OF GUARANTEE 2021 TARIFF
i. Shipping Guarantee 1.5% per 6 months or part thereof,
Min K60,000
ii. Bonds/ Other Guarantee. 1.5% for each 6 months, Min K56,220
iii. Advance Working Capital Bonds/Performance Bonds 1.5% for each 6 months. Min K56,220
iv. Guarantees Executed under Company Seal 1.5% for each 6 months. Min K43,000
v. Inward Bank Guarantee 1.5% per 6 months, Min K21,750
vi. Outward Forex Bank Guarantee (NEW) 1.5% per 6 months or part thereof,
Min K59750
vii. Amendment of F orex Bank Guarantee K40,000
viii. Extension/ Increase of Forex Bank Guarantee amount 1.5% per 6 months or part thereof,
Min K61,800
ix. Cancellation of Forex Bank Guarantee before Expiry K70,000
20 SMALL AND MEDIUM ENTERPRISE (SME) FACILITIES
- Arrangement Fees 1.5% on amounts up to K10 million.
Min K65,740, 1% on amounts above
K10 million
- Appraisal Fees per annum K69,500
21 CORPORATE BANKING FACILITIES
- Arrangement Fees 1.5% on amounts up to K20 million.
Min K232,000
1% on amounts above K20 million
- Appraisal Fees per annum Negotiable, Min MK100,000
22 DRAFTS AND TRANSFERS
a.
Local - Outward
i. Commission ( To any bank within Malawi other than
NBM Service Centres) 1% Min K3,900; Max K30,500
iii. ATS Transfers Charge K15,000
b. Foreign - Outward
i. Commission 1 % Min K8400.00; Max K39,300
ii. Swift Tracers K11,400
iii. Swift - MT103 K21,050
iv . Replacement Draft (Customer request) 1% Min K24,300
c. Foreign Inward
Commission Free
d. Transfer from NBM FCDA to Current Account (MK ) with another
bank within Malawi
i. Transfer cost Free
ii. ATS Transfers Charges K15,000
e. Transfer from FCDA to Account(MK) maintained with NBM
i. Processing Cost No charge
ii. Swift on foreign payments for Malawi Kwacha accounts
within NBM No charge
f. Transfer from FCDA to other banks in foreign currency
i. Proccessing of Salaries USD8
ii. Processing of other transaction USD35/ transfer
iii. Swift Message USD 20 per message
10Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
22 DRAFTS AND TRANSFERS 2021 TARIFF
g. Dishonoured Foreign Cheques - our charge USD60 or its equivalent plus agent bank
charge
h. Returning Funds
i. Transaction Cost USD36 or its equivalent plus agent bank
charges
ii. Swift Message USD20 per message
f. Certificate of Balances for FCDAs USD36
g. Copy Statement
- Same year USD10
- 1 to 2 years USD36
- Over 2 years to 7 years USD60
h. Investigation Beyond 6 months USD60 per request
i. Account Closure Fee USD38
j. Central Securities Depository
- Bidding K2,000
- Settlement per bid K8,000
- Security pledging K20,000
23 SAFE CUSTODY
i. Open Packet bi-annually K35,000
ii. Sealed Packet bi-annually K42,000
iii. Small Deed Box bi-annually K45,585
iv. Large Deed Box bi-annually K56,895
v. Wills held on behalf of customer bi-annually K21,280
vi. Inspection - per inspection K17,195
24 SUNDRY CHARGES
i.Night Safe
a. Commission- per 6 months per wallet K33,600
b. Temporary Lodgement- per Night per Wallet K25,035
ii. Account Closure within 6 months K10,585
iii. Preparation of Salary Deposit on behalf of customer
a. Manual- per credit K3,865
b. Electronic- per credit K740
iv. Swift/Fax Courier/ Telecomms companies charges
inclusive 16.5% VAT +50% Min K1,850
v. Certificate of Balance per certificate K35,504
vi. Confidential Report -
a. Local per report K42,560
b. Foreign per report K50,680
vii. Unclaimed Balance Withdrawal Processing -
a. Service Centre Books per drawing K10,248
b. RBM Books per drawing K17,416
viii. Investigation Beyond 6 Months per request K44,184
ix. Transfer Between Accounts per transaction-third party K3,584
x Unallocated Transfers per transaction K12,320
xi. Specie Bag per bag K4,928
xii. Status Report -
a. Local K42,560
b. Foreign K62,160
11Effective 1st July 2021 National Bank of Malawi plc CORPORATE BANKING TARIFF
24 SUNDRY CHARGES
xiv. Change Transaction ( non customers ) 1%, Min. K4,370
xv. CCTV Investigation K62,160
xvi. Copy statement -
- Same year per page K6,160
- Over 1 year to 2 yrs per page K13,552
- Over 2 years to 7 yrs per page K32,144
xvii. Certificate covering interest paid/received K33,992
xiix. Search fee for copies of statements/deposit slips per page/
electronic copies K6,552
xxi. Reference letter K32,984
25 BANCASSURANCE Refer to current CRA charges ‘
i. Credit Life 0.36% of loan amount for entire loan term
ii. Other General insurance policies Insurance Preimum rates varies from 0.15%
to 16.5% per annum
26 CRB CHARGE Refer to current CRA charges
1. Comprehensive report
- Company Report Refer to current Credit Reference Bureau
charges
- Business Report Refer to current Credit Reference Bureau
charges
- Individual Report Refer to current Credit Reference Bureau
charges
2. Credit history report Refer to current Credit Reference Bureau
charges
12You can also read
