Overview of the General Fees for ING Luxembourg S.A. banking products for Retail Banking Individuals and Business clients.
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Overview of the General Fees for ING Luxembourg S.A. banking products for Retail Banking Individuals and Business clients.
Table of Contents
Our costs at a glance for Individuals 1
Commercial, Patrimonial and Financial Companies 3
General fees 5
Current Accounts 5
Cards 7
Debit cards – V PAY cards 7
Credit cards – Visa 7
Using our products 8
Pay with Cards 8
Cash deposit at a branch in the currency of the account 8
Night safe 8
Withdrawal at ATMs 9
Withdrawal limits 9
Withdrawal at a branch (non-ATM) in currency of Account 10
Payments and direct debits 11
Transfers – Outgoing: Individuals 11
Transfers – Outgoing: Financial, Patrimonial and Commercial Companies 11
Transfers – Incoming: Individuals / Financial, Patrimonial and Commercial Companies 11
Direct Debits 12
Additional Charges 12
Savings Accounts 13
Savings Accounts standard elements 13
Value Dates 13
Credit interest rates for Savings Accounts 13
Debit rates for Savings Accounts (per annum) 13
Custody account, physical delivery, security transfers 14
Custody account charges (excl. VAT) for the Retail Banking clients 14
Share provision 14
Precious metals provision 14
Abandonment of securities 14
Documentation for customer participation in General Meetings 14
Securities transfers 14
American Depositary Receipt (ADR) & Global Depositary Receipt (GDR) 14
Securities transactions 15
Shares 15
35
Options 15
Bonds and precious metals 15
Funds 16
Applicable value dates 16
Overview of costs and charges relative to financial instruments 16Coupon payment & redemption of securities 17 Securities for which ING Luxembourg has been appointed paying agent or sub-paying agent 17 Securities payable in Luxembourg – other main paying agent or sub-paying agent 17 Securities payable abroad – other main paying agent or sub-paying agent 18 Possible additional charges 18 Credit, Rental deposit, Safety deposit boxes, Certificates 19 Credits 19 Rental Deposit 19 Safety deposit boxes (excl. VAT) 19 Certificates (exlc. VAT) 20 Cheques 21 Remittance of cheques for credit to accounts 21 Payment of ING cheques issued by our customers 21 Issue of bank cheques 22 Other information 23 Cut-off times 23 Miscellaneous 23 Cash conversion 24 Glossary 25 Definitions 27
Our costs at a glance for Individuals
This is our tariffs’ summary. In order to have more detailed information, please consult following
pages (from page 5).
Accounts
Current Accounts
Fee for Retail Banking clients – Individuals
1
Opening an account EUR 0
2
Management charges EUR 0
Account charges EUR 16/year/account
3
EUR 0 for ING Orange Account*, Young Adults Current Account
and Teen Account
* Fee in the event of non-compliance with the conditions for benefiting from a free ING Orange Account: 13 EUR/calendar quarter
(not applicable for customers ages 18-25). To learn about our conditions, please refer to the detailed tariff (page 9).
Savings Accounts
Compte Vert Junior Savings Compte Vert ING Orange
(0-17 years) Young Adults / Savings
3
Teen Savings
Account charge EUR 8 EUR 0 EUR 0 EUR 0
(/year/account/address)
Cards
Debit Cards – V PAY
Current Account ING Orange Young Adults Teen Account
3
Account Current Account
Annual Fee EUR 15 EUR 0 EUR 0 EUR 0
4
Debit interest rate
Within the limits of 9% 9% 9% -
the credit line
Exceeding the limits 12 % 12 % 12 % -
of the credit line
Cartes de crédit – Visa
3
Young Adults
Annual Fee
Visa Classic EUR 20 EUR 0
Visa CyberCard EUR 13* EUR 0**
Visa Classic & Assistance EUR 70 EUR 40
Visa Gold EUR 115 EUR 65
* Free for ING Orange Account holders. ** also available for ages 12-17.
1
Applicable only for major currencies. ING Orange Account and Young Adults Current Account exist only in EUR.
2
For clients who do not reside in the EU (European Union): EUR 50/quarter/client number.
3
For clients aged 18-25.
4
The standard credit line for new clients opening an ING Orange Account is EUR 0.
ING Luxembourg – Costs at a glance 01/11/2018
-1-Using our products
Pay with cards Withdrawal at ATMs
With your ING Debit Card With your ING Debit Card
On a Current Account in EUR At ING Luxembourg ATMs EUR 0
5
Point of sale payments in EUR EUR 0 At other ATMs in EUR EUR 0.75
5
At other ATMs not in EUR EUR 4.50
5
Non EUR point of sale EUR 0.75 With your ING Credit Card
6
payments At ING Luxembourg ATMs EUR 0
All other withdrawals from ATMs EUR 3.50
+ 2,50% of the amount
drawn
Transfers
7
Without foreign exchange transaction
Electronic transfers Paper transfers
To ING Luxembourg
In EUR EUR 0 EUR 0
Not in EUR 0.15% from the amount with 0.20% from the amount with
min. EUR 5 – max. EUR 120 min. EUR 6 – max. EUR 150
SEPA
Incoming EUR 0 -
Outgoing < EUR 50,000 EUR 0 EUR 2
≥ EUR 50,000 EUR 0 EUR 5
Please note that paper transfers between accounts of the same client number remain free.
Other than SEPA
Incoming 0.15% from the amount with -
min. EUR 5 – max. EUR 36
Outgoing 0.15% from the amount with 0.20% from the amount with
min. 5 EUR – max. 120 EUR min. 6 EUR – max. 200 EUR
Online Banking
Online banking service via My ING (out of any Internet provider charges) EUR 0
5
Free for clients ages 12-25.
6
For Visa accounts with a credit balance.
7
For foreign exchange transactions, please add the exchange rate charge mentioned on page 12.
ING Luxembourg – Costs at a glance 01/11/2018
-2-Our costs at a glance for
Commercial, Patrimonial and Financial Companies
This is our tariffs’ summary. In order to have more detailed information, please consult following
pages (from page 5) (except Companies from Wholesale Banking – please refer to Wholesale Banking
costs overview document).
Current Accounts
Fee for Financial and Patrimonial Companies
8
Opening an account EUR 125
9
Management charges EUR 100/quarter/customer number
Account holding fee EUR 12/year/account
Fee for Commercial Companies
Opening an account EUR 0
Management charges EUR 50/quarter/customer number
Account holding fee EUR 12/year/account
Cards
Debit Cards – V PAY
Current Account
Annual Fee EUR 15
Debit interest rate
Within the limits of the credit line 9%
Exceeding the limits of the credit line 12 %
Urgent order for V PAY card: EUR 75
Credit Cards - Visa
Annual Fee
Visa Business EUR 20
Visa Business & Assistance EUR 70
Debit interest rate 16.80% per year against the balance mentioned on the statement
th th
of the 20 which has not been paid on the 5 of the
following month
Additional charge in the case of EUR 10 1st reminder
failure to make minimum 10% EUR 25 Additional reminder
payment of the balance
8
EUR 2,000 for complex Financial Institutions (Trust, Offshore, Foundations, Regulated Funds, Securitisation, SCSp …).
9
EUR 250/quarter/client number for complex Financial Institutions (Trust, Offshore, Foundations, Regulated Funds,
Securitisation, SCSp …).
ING Luxembourg – Costs at a glance 01/11/2018
-3-Payments and direct debits
Transfers - Outgoing
10
Without foreign exchange transaction
Electronic transfers Paper transfers
SEPA EUR 0 EUR 10
Other than SEPA 0.15% from the amount with 0.15% from the amount with
min. EUR 5 – max. EUR 120 min. EUR 10 – max. EUR 200
Please note that paper transfers between accounts of the same client number remain free.
Transfers - Incoming
10
Without foreign exchange transaction
SEPA EUR 0
Other than SEPA 0.15% from the amount with
min. EUR 5– max. EUR 36
Direct Debits
SEPA EUR 0
Request for reimbursement after collection in the event of an invalid mandate
Error originating on the side of the debtor EUR 60 charged to the debtor
Request for a copy of the mandate at the bank EUR 30
Additional Charges
Exchange transaction: 0.10% from the amount with
(amount of transfer in Euro or exchange value in foreign currency) min. 3 EUR – max. 250 EUR
Urgent transfer EUR 10
Collective paper transfer EUR 8
Non-standard paper transfer EUR 6
Cash transfer at a branch to an ING Luxembourg account belonging to EUR 6.20
another customer
Administration fee for incomplete and/or returned transactions EUR 4.50
Payment refusal EUR 25
Fee for a confirmation of payment EUR 15
Transfer labelled « Remitter paysall charges » or « OUR »:
(amount of transfer in Euro or exchange value in foreign currency)
≤ 12,500 EUR 8
> 12,500 ≤ 25,000 EUR 25
> 25,000 ≤ 50,000 EUR 40
> 50,000 ≤ 100,000 EUR 80
> 100,00011 EUR 100
10
For foreign exchange transactions, please add the exchange rate charge mentioned on page 12.
11
For transfers in non-EEA currencies or to non-EEA countries, the Bank reserves the right to charge the customer any charges
actually deducted by correspondent banks or claimed from the Bank by correspondent banks where these charges exceed
100 EUR.
Customers will be charged a processing fee of EUR 25 plus any charges made by our correspondent bank(s) for:
a) the return of funds at the request of the correspondent bank after receipt of payment by the Bank;
b) any correction by the Bank of an incomplete or incorrect remittance order issued by the customer following an error
or omission by the customer;
c) any cancellation by the Bank of a remittance order issued by the customer.
ING Luxembourg – Costs at a glance 01/11/2018
-4-General fees
Current Accounts
An overview of the different elements of our Current Accounts
Fee for Retail Banking clients - Individuals
12
Opening an account EUR 0
13
Management charges EUR 0
Account charges EUR 16/year/account
14
EUR 0 for ING Orange Account*, Young Adults Current Account and
Teen Account
* Fee in the event of non-compliance with the conditions for benefiting from a free ING Orange Account: EUR 13/calendar quarter
(not applicable for customers ages 18-25).
To benefit from the free advantages associated with the ING Orange Account, you simply have to perform the following each
calendar quarter:
make a minimum monthly transfer of EUR 1,000 to your ING Orange Account (or EUR 3,000/quarter), or
keep a minimum balance of EUR 2,000 in your ING Orange Savings account.
Fee for Financial and Patrimonial Compagnies
15
Opening an account EUR 125
16
Management charges EUR 100/quarter/client number
Account charges EUR 12/year/account
Fee for Commercial Compagnies
Opening an account EUR 0
Management charges EUR 50/quarter/client number
Account charges EUR 12/year/account
12
Applicable only for major currencies. ING Orange Account and Young Adults Current Account exist only in EUR.
13
For clients who do not reside in the EU (European Union): EUR 50/quarter/client number.
14
For clients aged 18-25.
15
EUR 2,000 for complex Financial Institutions (Trust, Offshore, Foundations, Regulated Funds, Securitisation, SCSp…).
16
EUR 250/quarter/client number for complex Financial Institutions (Trust, Offshore, Foundations, Regulated Funds,
Securitisation, SCSp …).
ING Luxembourg – General Fees 01/11/2018
-5-Supplements for Current Accounts
Account pseudonym:
EUR 150/year/customer number
EUR 0 for ING Orange Accounts, Young Adults Current Accounts, Teen Account
Mail holding:
EUR 150 (excl. VAT) included for Young Adult Current Accounts and Teen Accounts,
N/A for ING Orange Accounts
Account statements:
- via My ING: EUR 0
- Mailing: postage fee + EUR 0.15
If Orange Account: N/A
If Young Adult Current Account or Teen Account: monthly statements free
17
Debit and credit interest rates for current accounts without arranged overdrafts (per annum)
Debit Interest rate
EUR USD GBP CHF SEK NOK DKK CAD ZAR HKD AUD NZD SGD JPY HUF
12% 12% 12% 10% 12% 12% 12% 12% 25% 15% 13% 14% 13% 8.25% 12%
18
Credit Interest rate
EUR USD GBP CHF SEK NOK DKK CAD ZAR HKD AUD NZD SGD JPY HUF
0% 0% 0% -1.50% -1.50% 0% -1.60% 0% 0% 0% 0% 0% 0% -0.20% -1%
In the event of negative rates relative to some currencies, the Bank reserves the right to recover said
negative interest rates on all deposits made by customers by way of prior information in accordance
with Article B.1.2 of the “Wholesale Banking” Terms and Conditions.
17
The ING Orange Account and the Young Adults Current Account exist only in EUR.
18
Private Banking clients can get the credit interest rates from their relationship manager or via the My ING application.
ING Luxembourg – General Fees 01/11/2018
-6-Cards
The different costs linked to our credit and debit cards. Visit our website www.ing.lu to get more
information about the services linked to the different products.
Debit cards – V PAY cards
Current Account ING Orange Young Adults Teen Account
19
Account Current Account
Annual Fee EUR 15 EUR 0 EUR 0 EUR 0
20
Debit interest rate
Within the limits of 9% 9% 9% -
the credit line
Exceeding the limits 12 % 12 % 12 % -
of the credit line
Urgent order for V PAY card: EUR 75
Credit cards – Visa
17
Young Adults
Annual Fee
Visa Classic EUR 20 EUR 0
Visa CyberCard EUR 13* EUR 0**
Visa Classic & Assistance EUR 70 EUR 40
Visa Gold EUR 115 EUR 65
Visa Business EUR 20 N/A
Visa Business & Assistance EUR 70 N/A
* free for ING Orange Account holders
** also available for ages 12-17
Debit interest rate 16.80 % per year against the balance mentioned on the
th
statement of the 20 which has not been paid
th
on the 5 of the following month
st
Additional charge in the case EUR 10 1 reminder
of failure to make minimum EUR 25 Additional reminder
10% payment of the balance
19
For clients aged 18-25.
20
The standard credit line for new clients opening an ING Orange Account is EUR 0.
ING Luxembourg – General Fees 01/11/2018
-7-Using our products
Pay, withdraw, and deposit money… Here you will find the costs linked to these services.
Pay with Cards
Current Account ING Orange Young Adults Teen Account
21
Account Current Account
With your ING Debit Card
Point of sale EUR 0 EUR 0 EUR 0 EUR 0
payments in EUR
Non-EUR point of EUR 0.75 EUR 0.75 EUR 0 EUR 0
sale payments
23
Payment limits point of sale EUR 1,250 by default. From 0 to EUR 5,000 upon client request .
22
for ING Debit Cards
Payment limits point of sale Agreed credit limit + Visa account balance.
for ING Credit Cards
Cash deposit at a branch in the currency of the account
Charges
All currencies EUR 0
Value Dates
All currencies D (consumer clients)
D + 1 (non-consumer clients)
Night safe
Charges
The night safe or client EUR 50
collection form is
incomplete/incorrect
21
For clients aged 18-25.
22
Per card and per period of 5 consecutive days.
23
Limits can be adapted by contacting your adviser.
ING Luxembourg – General Fees 01/11/2018
-8-Withdrawal at ATMs
With your ING Debit Card
At ING Luxembourg ATMs EUR 0
24
At other ATMs in EUR EUR 0.75
At other ATMs not in EUR EUR 4.50
With your ING Credit Card
25
At ING Luxembourg ATMs EUR 0
All other withdrawals from ATMs EUR 3.50
+ 2,50% of the amount drawn
Withdrawal limits
26 27
Debit Card ATM EUR 2,000 by default. From 0 to EUR 10,000 upon client request .
A weekly limit is set for the Teen Account by the legal representative(s).
Credit Card ATM
Visa Classic EUR 2,500
Visa Classic & Assistance EUR 2,500
Visa Business EUR 2,500
Visa Business & Assistance EUR 2,500
Visa Gold EUR 5,000
24
Free for clients aged 12-25.
25
For Visa accounts with a credit balance.
26
Per card and per period of 5 consecutive days.
27
Limits can be adapted by contacting your adviser or on My ING.
ING Luxembourg – General Fees 01/11/2018
-9-Withdrawal at a branch (non-ATM) in currency of Account
28
Amount
≤ 300 EUR 2.50
The charges made for the cash withdrawals above apply to the Current Account, Compte Vert, Compte
Epargne Junior, Compte Vert Jeunes Adultes, Compte Courant Jeunes Adultes, ING Orange Account, ING
Orange Savings and Visa Account.
There are no charges for the Teen Account, but withdrawals are managed by means of a weekly limit.
Withdrawals from the Teen Savings account must be made via the Teen Account and will count towards
the account’s weekly limit.
Charge for non-withdrawal of reserved funds: 0.10% of the amount ordered with a minimum of EUR 15
and a maximum of EUR 100.
Value Dates
EEA currencies D
Other currencies D – 5 Bank Working Days
28
All amounts in EUR.
ING Luxembourg – General Fees 01/11/2018
- 10 -Payments and direct debits
With your current account, you can transfer money within or outside Luxembourg. Below you will
find the costs for the different types of transfers.
Transfers – Outgoing: Individuals
29
Without foreign exchange transaction
Electronic Transfers Paper Transfers
To ING Luxembourg
In EUR EUR 0 EUR 0
Not in EUR 0.15% from the amount with 0.20% from the amount with
min. EUR 5 – max. EUR 120 min. EUR 6 – max. EUR 150
SEPA
< EUR 50,000 EUR 0 EUR 2
≥ EUR 50,000 EUR 0 EUR 5
Other than SEPA
0.15% from the amount with 0.20% from the amount with
min. EUR 5 – max. EUR 120 min. EUR 6 – max. EUR 200
Please note that paper transfers between accounts of the same client number remain free.
Transfers – Outgoing: Financial, Patrimonial and Commercial Companies
29
Without foreign exchange transaction
Electronic Transfers Paper Transfers
SEPA EUR 0 EUR 10
Other than SEPA 0.15% from the amount with 0,15 % from the amount with
min. EUR 5 – max. EUR 120 min. EUR 10 – max. EUR 200
Please note that paper transfers between accounts of the same client number remain free.
Transfers – Incoming: Individuals / Financial, Patrimonial and Commercial Companies
29
Without foreign exchange transaction
SEPA EUR 0
Other than SEPA 0.15% from the amount with
min. EUR 5 – max. EUR 36
29
For foreign exchange transactions, please add the exchange rate charge mentioned on page 12.
ING Luxembourg – General Fees 01/11/2018
- 11 -Direct Debits
SEPA EUR 0
Request for reimbursement after collection in the event of an
invalid mandate:
Error originating on the side of the debtor EUR 60 charged to the debtor
Request for a copy of the mandate at the bank EUR 30
Additional Charges
Exchange transaction 0.10% from the amount with
(Amount of transfer in euro or exchange value in foreign currency) min. EUR 3 – max. EUR 250
Urgent transfer EUR 10
Collective paper transfer EUR 8
Non-standard paper transfer EUR 6
Cash transfer at a branch to an ING Luxembourg EUR 6,20
account belonging to another customer
Administration fee for incomplete and/or returned transactions EUR 4,50
Payment refusal EUR 25
Fee for a confirmation of payment EUR 15/confirmation
Transfer labelled “Remitter pays all charges” or “OUR”
(Amount of transfer in euro or exchange value in foreign currency)
≤ EUR 12,500 EUR 8
> EUR 12,500 ≤ EUR 25,000 EUR 25
> EUR 25,000 ≤ EUR 50,000 EUR 40
> EUR 50,000 ≤ EUR 100,000 EUR 80
30
> EUR 100,000 EUR 100
30
For transfers in non-EEA currencies or to non-EEA countries, the Bank reserves the right to charge the customer any charges
actually deducted by correspondent banks or claimed from the Bank by correspondent banks where these charges exceed
EUR 100.
Customers will be charged a processing fee of EUR 25 plus any charges made by our correspondent bank(s) for:
a) the return of funds at the request of the correspondent bank after receipt of payment by the Bank;
b) any correction by the Bank of an incomplete or incorrect remittance order issued by the customer following an error
or omission by the customer;
c) any cancellation by the Bank of a remittance order issued by the customer.
ING Luxembourg – General Fees 01/11/2018
- 12 -Savings Accounts
An overview of the different elements of our Savings Accounts
Savings Accounts standard elements
Compte Vert Junior Savings Compte Vert ING Orange
(0-17 years) Young Adults / Savings
31
Teen Savings
32
Account charge EUR 8 EUR 0 EUR 0 EUR 0
Statements
33
Via My ING EUR 0 EUR 0 EUR 0 EUR 0
Postal Postal tariff EUR 0 monthly EUR 0 monthly N/A
+ EUR 0.15 statements statements
Postal tariff + EUR 0.15 Postal tariff + EUR 0.15
if other periodicity if other periodicity
Value Dates
Compte Vert Junior Savings Compte Vert ING Orange
(0-17 years) Young Adults / Savings
31
Teen Savings
34
Incoming in EUR D + 5 BWD D + 1 BWD D + 5 BWD D + 5 BWD
Outgoing in EUR D - 2 BWD D - 1 BWD D - 2 BWD D - 2 BWD
Incoming in DKK, D + 6 BWD N/A N/A N/A
GBP, CHF, USD,
CAD, AUD, NZD
Outgoing in DKK, Transfer: N/A N/A N/A
GBP, CHF, USD, D - 2 BWD
CAD, AUD, NZD Retrait :
J - 6 JOB
Credit interest rates for Savings Accounts
You can find the current rates on our website www.ing.lu or ask for them in one of our branches.
All Private Banking clients can find the current interest rates on the mobile application My ING or by
contacting their relationship manager.
Financial and commercial companies should kindly contact their relationship manager.
Debit rates for Savings Accounts (per annum)
Savings accounts are not permitted to be overdrawn. However, if a savings account is overdrawn, debit
interest will be charged at the rate applicable to the current account in the relevant currency. The
amount of any such debit interest thus charged will be deducted from any future credit interest.
31
For clients aged 18-25.
32
Per year, per account, per address.
33
For clients under the age of 12, only postal statements are available.
34
BWD = Bank Working Days .
ING Luxembourg – General Fees 01/11/2018
- 13 -Custody account, physical delivery, security transfers
Custody account charges (excl. VAT) for the Retail Banking clients
Exemption from custodial fees for savings certificates, funds, equities, bonds, and structured
products of the ING Group.
Other securities: Value of securities portfolio in EUR Commission per tranche
(annual deduction at maturity)
≤ 1,000,000 0.20%/year
> 1,000,000 to ≤ 2,000,000 0.15%/year
> 2,000,000 0.10%/year
Min. EUR 12 per item and min. EUR 50 per account
Rate for precious metals 0.30% per year
Share provision EUR 100 per item
Precious metals provision EUR 125 per item
Abandonment of securities EUR 40 per item
Documentation for customer participation in General Meetings EUR 150 per item
Securities transfers
Securities transfer within ING Luxembourg EUR 0
Securities transferred from another bank EUR 0
Securities transferred to another bank EUR 100 per item
American Depositary Receipt (ADR) & Global Depositary Receipt (GDR)
The external fees inherent in products of the ADR and GDR type are to be paid by the client. They will be
accounted for in accordance with customary practices in the various markets.
ING Luxembourg – General Fees 01/11/2018
- 14 -Securities transactions
35
Shares
Sales/purchase of stock market shares
Standard Personal
pricing Banking
Shares < EUR 50,000 1.25% 1.25%
or exchange value in min. EUR 75 min. EUR 75
foreign currency
Shares > EUR 50,000 0.80% 0.80%
or exchange value in
foreign currency
36
Sale/purchase of shares Via My ING 0.45% min. EUR 30
(8 Stock markets: Brussels, Paris, Amsterdam,
Nasdaq, Amex, NYSE, London, Frankfurt)
New share issues 0.50% min. EUR 25
37
Options
Sale/purchase of share/index options EUR 12 per contract min. EUR 75 per transaction
Bonds and precious metals
38
Sale/purchase of bonds and precious metals
Standard Personal
pricing Banking
< EUR 25,000 1% 1%
min. EUR 50 min. EUR 50
> EUR 25,000 0.75% 0.75%
< EUR 75,000
> EUR 75,000 0.50% 0.50%
35
Plus any local taxes payable.
36
For purchases on the UK stock market, please add 0.50% stamp duty to the gross volume.
37
Plus any local taxes payable.
38
Or exchange value in foreign currency.
ING Luxembourg – General Fees 01/11/2018
- 15 -39
Funds
Fund subscription/repurchase (via My ING included)
Standard Personal
pricing Banking
Third-Party purchase 3% purchase 2.5%
Equity Funds min. EUR 50 min. EUR 50
sale EUR 50 sale EUR 50
Third-Party purchase 2% purchase 1.75%
Bond Funds min. EUR 50 min. EUR 50
sale EUR 50 sale EUR 50
Third-Party Money purchase 0.5% purchase 0.4%
Market Funds min. EUR 50 min. EUR 50
Third-Party purchase 3 % purchase 3 %
Alternative Funds min. EUR 50 min. EUR 50
sale EUR 50 sale EUR 50
House Funds 0% 0%
Applicable value dates
For a purchase order, the applicable value date for the debit of your account is the date of the
transaction.
For a sales order, the applicable value date for the credit of your account is, in general, the transaction
date + 3 BWD. Depending on the common practice of the local market concerned on which the
transaction is performed, the delay can be longer than 3 BWD.
Overview of costs and charges relative to financial instruments
To fully understand the costs and fees withheld on financial instruments, take a look at the “Overview of
costs and charges relative to financial instruments” on www.ing.lu/tariffs, a document showing
simulations of purchases and sales of financial instruments.
39
Plus fees charged by the fund promoter.
ING Luxembourg – General Fees 01/11/2018
- 16 -Coupon payment & redemption of securities
Securities for which ING Luxembourg has been appointed paying agent or sub-paying agent
Coupons and securities (savings certificates, loans and other securities)
40
Immediate withdrawal Credit to current account Securities in custody
41
Encashment not permitted free free
Value date N/A presentation date maturity date
Securities payable in Luxembourg – other main paying agent or sub-paying agent
Coupons payable in Luxembourg
37
Immediate withdrawal Credit to current account Securities in custody
40
Encashment not permitted 0.50% free
min. EUR 8
max. EUR 40 per line
Value date N/A presentation date maturity date
+ 10 BWD + 3 BWD
Securities payable in Luxembourg
37
Immediate withdrawal Credit to current account Securities in custody
40
Encaissement not permitted 0.50% free
min. EUR 10
max. EUR 75 per line
Value date N/A presentation date maturity date
+ 10 BWD + 3 BWD
40
If credited to a Compte Vert: Presentation date + 10 Bank Working Days (BWD).
41
One-off crediting of an account opened with the Bank.
ING Luxembourg – General Fees 01/11/2018
- 17 -Securities payable abroad – other main paying agent or sub-paying agent
Coupons payable abroad
42
Immediate withdrawal Credit to current account Securities in custody
43
Encashment not permitted 2.50% 1.25%
min. EUR 8 per line min. EUR 4 per line
0.50% as from
EUR 12,400
Value date N/A presentation date maturity date
+ 10 BWD + 3 BWD
Non-domiciled securities payable abroad
41
Immediate withdrawal Credit to current account Securities in custody
42
Encaissement not permitted 0.50% 0.25%
min. EUR 10 min. EUR 5
max. EUR 75 per line max. EUR 75 per line
Value date n.a. presentation date maturity date
+ 10 BWD + 3 BWD
Possible additional charges
Exchange commission Charge per security in the event of a conversion from the currency of the coupon to
another currency either for immediate withdrawal or for account credit. In such a
case, add 2 BWD to the value date. Consult the exchange commission figure
indicated in the foreign transfers section in the tariffs for payments.
Foreign currency Charge for cash withdrawal in a currency other than the euro:
withdrawal charge 0.50%, min. EUR 5, max. EUR 125.
Scheduled payment Charge for redemption of unmatured securities and coupons:
charge EUR 7 per share and per calendar month or part thereof.
Unverified coupon Charge for redemption of a large number of coupons which cannot be processed
remittance charge directly at the counter (more than 500 coupons or more than 15 different securities)
and which must be checked: EUR 15.
Prescription fees The bank will charge 2% in the event of recovery, in addition to possible fees charged
by the issuer.
Fees and taxes charged Submitted coupons or securities for which the funds to be distributed are available at
by the State Treasury the Luxembourg State Treasury (Caisse de Consignation) will be subject to additional
fees and taxes:
a deposit tax
custodial fees
debit interest from time to time
The details on these fees can be found in the Grand-Ducal Regulation of 4 February
2000 that sets the deposit tax rates. These fees are charged on the gross amount.
A detailed breakdown can be provided upon request.
42
If credited to a Compte Vert: Presentation date + 10 Bank Working Days (BWD).
43
One-off crediting of an account opened with the Bank.
ING Luxembourg – General Fees 01/11/2018
- 18 -Credit, Rental deposit, Safety deposit boxes,
Certificates
Credits
Account service charge EUR 8/year/account/address
Fee for setting up a moratorium EUR 250
Costs of an application for release if existing outstandings EUR 125
Rental Deposit
Account service charge 0.25% per quarter
min. EUR 20
Management charges for young people under the age of 26 free
Safety deposit boxes (excl. VAT)
Volume Annual rent in EUR
7 to 10 dm³ EUR 70
11 to 16 dm³ EUR 95
17 to 24 dm³ EUR 115
25 to 39 dm³ EUR 140
40 to 70 dm³ EUR 185
71 to 99 dm³ EUR 240
100 to 200 dm³ EUR 350
ING Luxembourg – General Fees 01/11/2018
- 19 -Certificates (exlc. VAT)
Housing subsidy EUR 25 per certificate
44
Term accounts EUR 25 per client number per year covered
Duplicate statements EUR 25 per certificate
Movements on Compte Vert EUR 50 per certificate
Movements on accounts and maintenance EUR 25 per movement per year covered
Good standing EUR 125 per certificate
31
Dividend and share interest statements EUR 25 per client number per year covered
31
Share portfolio statements EUR 25 per certificate
31
Balance and/or account interest EUR 25 per client number per year covered
Minimum balance EUR 25 per certificate
45
Summary statement of assets and income EUR 75 per client number per year covered
Special requests, searches EUR 50 per hour
Certification of basic balance EUR 50 per certification
For credit accounts + additional EUR 25
For share accounts + additional EUR 25
For documentary credits + additional EUR 25
Certification of balance not at month’s end EUR 75 per certificate
Tax settlement certificate EUR 250 per client number per year covered
Certification of incorporation EUR 25 per certificate
Certificate of account holder EUR 25 per certificate
44
Certificates included in “Summary statement of assets and incomes”.
45
Including ecofin & relibi (Luxembourg final withholding tax).
ING Luxembourg – General Fees 01/11/2018
- 20 -Cheques
Remittance of cheques for credit to accounts
Cheque drawn in EUR on the Grand Duchy of Free
Luxembourg
Other cheques
Encashment charge 0.20% of the amount of the remittance with a
minimum of EUR 5 and a maximum of EUR 250
Processing charge EUR 4 per remittance
Correspondent charge
46 48
- For collection or EUR 35 per cheque
47
Subject to collection
- Research charges cheque issued less than one year ago: min. EUR 50
cheque issued more than one year ago: min. EUR 150
Postal charge EUR 5 per remittance
+ EUR 60 for emergency secure transfer
Bounced cheque charge EUR 12.50 + min. EUR 35 in handling charges
NB: The date on which a cheque remitted to the Bank for encashment is credited to an account is always
different from the date on which its remittance to the bank is booked.
Where the cheque is credited “subject to collection”, i.e. when the Bank credits the customer’s account
prior to the actual arrival of the funds resulting from the cashing of the cheque, the customer is asked to
inquire as to the value dates applied by the Bank at the time the cheque is remitted.
Payment of ING cheques issued by our customers
Cheques issued in EUR in the Grand Duchy of Free
Luxembourg
All cheques issued in other countries
49
Transfer commission 0.20% (min. EUR 6, max. EUR 150)
Foreign exchange commission 0.10% (min. EUR 3, max. EUR 250)
Bounced cheque charge EUR 12.50 per cheque
46
Minimum amount per cheque: EUR 300 (or equivalent)/USD 400.
47
Only for cheques:
- in EUR drawn on a bank located in one of the following countries: Austria, Belgium, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Monaco, the Netherlands, Norway, Portugal, Spain, Sweden,
Switzerland, United Kingdom.
- in GBP drawn on a bank located in the United Kingdom.
- in USD drawn on a bank located in the United States.
48
These costs are cumulative with handling charges, where applicable.
49
For Financial, Patrimonial and Commercial Companies: 0.15%, min. EUR 10, max. EUR 200.
ING Luxembourg – General Fees 01/11/2018
- 21 -Issue of bank cheques
Issue charge EUR 20
Postal charge
Cheque within Europe EUR 5
Cheque outside Europe EUR 8
Urgent insured postal charge EUR 65
50
Transfert commission* 0.20% (min. EUR 6, max. EUR 150)
Foreign exchange commission* 0.10% (min. EUR 3, max. EUR 250)
* for any cheque payable abroad (except Belgium) or payable in a currency other than EUR in Belgium or
the Grand Duchy of Luxembourg
Cancellation or rejection of a bank cheque EUR 50
Any claim regarding cheques will be charged a EUR 25 fee.
50
For commercial companies and financial institutions: 0.15%, min. EUR 10, max. EUR 200.
ING Luxembourg – General Fees 01/11/2018
- 22 -Other information
Cut-off times
Incoming funds
51
Credit value date is the date on which the funds are available within ING .
cut-off time of incoming payments: 5:00 PM in all currencies
Night safe cut-off times: 08:00
Outgoing funds
Cut-off times Required date Currencies
Electronic D – 17:00 D+1 EUR SEPA
D – 17:00 D+2 EUR other, CHF, GBP, CAD, USD, CZK,
DKK, SEK, HUF, NOK, PLN, AUD, JPY, MXN, RON
Paper D – 14:00 D+1 EUR SEPA
D – 14:00 D+2 EUR other, CHF, GBP, CAD, USD, CZK, DKK, SEK,
HUF, NOK, PLN, AUD, JPY, MXN, RON
Miscellaneous
Service charge for non-ING customers for purchase/sale of currency in notes EUR 7.50
Search charge (excl. VAT) EUR 50/hour of search
+EUR 0.25/photocopy
Cash account guarantee EUR 3.72/year
Reissue of Digipass/LuxTrust EUR 20
Fee for account seizure EUR 250
Fee in relation to an inheritance file (excl. VAT) EUR 250
Wealth analysis and planning services EUR 300/hour excl. VAT
Fees for guardianship or similar procedures aimed at protecting clients’ EUR 100 VAT
assets
Change of account holder EUR 25 per customer no.
Reissue of Portfolio management report EUR 25 VAT
Bailiff or legal fees incurred by the bank as part of follow-up the banking Reinvoicing the
relationship with the customer customer at cost
Management and control of dormant assets EUR 25/quarter + VTA per
customer
Management and control of assets EUR 50/quarter + VTA per
customer
51
During the Bank’s opening times.
ING Luxembourg – General Fees 01/11/2018
- 23 -Cash conversion
Exchange rates used for cash conversions other than Visa and V PAY
Internal ING rate available at www.ing.lu or in branches.
Visa conversion rates
For foreign currency transactions, the rate applied will be the Visa International rate (available in
branches or at www.ing.lu) + a 2% margin.
52
Moreover, for any transaction with a merchant located in a country outside the Europe zone as
defined by Visa, an additional 0,50% margin shall be added.
V PAY conversion rates
The rate applicable in the case of foreign currency transactions will be the Visa International rate
(available in branches and at www.ing.lu) + 1% margin.
52
Visa Europe zone: Andorra, Austria, Bear Island, Belgium, Bulgaria, Channel Islands, Croatia, Cyprus, Czech Republic,
Denmark, Estonia, Faeroe Island, Finland, France (including its "DOM-TOMs"), Germany, Gibraltar, Greece, Greenland, Hungary,
Iceland, Ireland, Isle of Man, Israel, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, the Netherlands,
Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Vatican City, the
United Kingdom.
ING Luxembourg – General Fees 01/11/2018
- 24 -Glossary
This glossary uses the list of standardised terms of the most representative services related to a payment account,
within the meaning of the Payment Accounts Act of 13 June 2017 and implementing EU Directive 2014/92 of 23 July
2014 on the comparability of costs linked to payment accounts, to the change in payment account and access to a
payment account with basic services. In accordance with Article 7 of said Act, ING Luxembourg SA also uses trade
names to designate some of these services, and thus invites consumers to refer to this glossary, also available in the
General Terms and Conditions of the Bank, to identify the corresponding terms.
Online banking: The account provider makes online access to the account available to the customer.
Arranged overdrafts: The account provider and the customer agree in advance that the customer may
borrow money when there is no more money in the account. The contract defines the maximum
amount that may be borrowed and specifies if the customer will be charged expenses and interest.
This service specifically includes:
Debit interest rate on EUR current accounts with line of credit
Debit interest rate on EUR current accounts with line of credit, exceeding the limits of the
credit line
Debit interest rate on current accounts without line of credit (depending on the currency of
the account)
Debit interest rate with credit card
Direct debit: The customer authorises a third party (the beneficiary) to instruct the account provider to
transfer a sum of money from the customer’s account to that of the beneficiary. The account provider
then transfers the proposed amount to the beneficiary on the date or dates agreed between the
customer and the beneficiary. The amount concerned may vary.
This service specifically includes:
SEPA direct debit
Request for reimbursement after collection in the event of an invalid mandate (error
originating on the side of the debtor)
Request for a copy of the mandate at the bank
Account statement: The account provider makes an account statement available to the customer.
This service specifically includes:
Online statement
Statement sent by post
Providing a credit card: The account provider provides a payment card relating to the customer’s
payment account. The total amount corresponding to the transactions conducted using this card over
an agreed period is wholly or partially withdrawn from the customer’s payment account on an agreed
date. A credit agreement between the account provider and the customer determines if the customer
will be charged for interest on the amount borrowed.
This service specifically includes:
Annual fee for Visa Classic
Annual fee for Visa CyberCard
Annual fee for Visa Classic & Assistance
Annual fee for Visa Gold
Charge in the case of failure to pay balance on Visa card (1st reminder)
Charge in the case of failure to pay balance on Visa card (Additional reminder)
Providing a debit card: The account provider provides a payment card relating to the customer’s
ING Luxembourg – General Fees 01/11/2018
- 25 -account. The amount of each transaction conducted using this card is withdrawn wholly and directly
from the customer’s account.
This service specifically includes:
Annual debit card fee - V PAY
Urgent Card Order for V PAY debit card
V PAY Card payment in EUR
V PAY Card payment not in EUR
Standing order: Upon the customer’s instruction, the account provider conducts regular transfers of a
fixed amount from the customer’s account to another account;
Cash withdrawal: The customer withdraws cash from his/her account.
This service specifically includes:
VPAY withdrawal from ING Luxembourg ATM
VPAY withdrawal from other ATMs in EUR (per withdrawal)
VPAY withdrawal from other ATMs not in EUR (per withdrawal)
VISA withdrawal from ING Luxembourg ATM
VISA withdrawal from other ATMs in EUR (per withdrawal)
Withdrawal in branch (per withdrawal)
Charge for non-withdrawal of reserved funds
Maintaining the account: The account provider manages the account used by the customer.
This service specifically includes:
Opening an account
Account charges
Management charges
Charges for non-EU residents
Charges for non-compliance with account opening conditions (Orange Account)
Credit transfer: Upon the customer’s instruction, the account provider transfers an amount of money
from the customer’s account to another account.
This service specifically includes:
Outgoing Electronic Transfer to ING Luxembourg in EUR
Outgoing Electronic Transfer to ING Luxembourg not in EUR
Outgoing Electronic SEPA Transfer
Outgoing Electronic Transfer other than SEPA
Outgoing Paper Transfer to ING Luxembourg in EUR
Outgoing Paper Transfer to ING Luxembourg not in EUR
Outgoing Paper SEPA Transfer < 50,000
Outgoing Paper SEPA Transfer >= 50,000
Outgoing Paper Transfer other than SEPA
Exchange rate fees
Incoming SEPA Transfer
Incoming Transfer other than SEPA
Exchange rate fees
OUR Transfer
ING Luxembourg – General Fees 01/11/2018
- 26 -Definitions
European Economic Area (EEA):
At the time of entry into force of the tariff, comprising the 28 Member States of the European Union,
Liechtenstein, Norway and Iceland.
EEA country currencies:
EUR, BGN, CHF, CZK, DKK, GBP, HRK, HUF, ISK, NOK, PLN, RON, SEK.
Bank Working Day (BWD):
Every day on which the banks in the Grand Duchy of Luxembourg are generally open except Saturdays,
Sundays and public holidays.
Major currencies:
EUR, USD, GBP, CHF, SEK, NOK, DKK, CAD, ZAR, HKD, AUD, NZD, SGD and JPY.
Cut-off times:
Time after which any payment orders and incoming payments shall be deemed to have been received or
provided on the following Bank Working Day.
European Payment – SEPA:
A SEPA payment is a transfer:
in EUR;
in which the accounts held by both the originator and the beneficiary are opened in one of the
28 EU Member States (Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,
Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain,
Sweden and the United Kingdom) or in Iceland, Liechtenstein, Monaco, Norway, San Marino or
Switzerland.
including an IBAN code (International Bank Account Number);
with shared costs (also referred to as SHA, standing for ‘shared’).
Payment other than SEPA:
Any payment which does not meet the SEPA criteria.
SWIFT:
A unique identification code for both financial and non-financial institutions. These codes are used when
transferring money between banks, particularly for international wire transfers, and also for the
exchange of other messages between banks. The codes may sometimes be found on account
statements.
IBAN:
IBAN stands for International Banking Account Number, an international standard for a uniform
structure of account numbers designed to make transfers within Europe more rapid and secure.
BIC:
The BIC or Bank Identifier Code is your bank's international identification code (also called SWIFT code)
which must be stated in your cross-border transfers. For example, the BIC for ING Luxembourg is
CELLLULL.
ING Luxembourg – General Fees 01/11/2018
- 27 -IMPORTANT NOTE: This summary of charges is a brief statement of the charges relating to our
main products and/or services and is therefore not exhaustive. The summary of charges referred to
above does not include non-standard products and/or services or combined offers, for which the
customer should refer to the brochure relating to the product, service or combined offer in question.
If this summary of charges does not include details of the charges applicable to your transaction or
order, you should check the applicable charges with your branch or with your usual relationship
manager prior to placing your order or completing your transaction.
The Retail Banking and Wholesale Banking clients have their own costs overview document.
Unless expressly stated otherwise here above, the tariff shall be considered as VAT exclusive, where
VAT is required to be applied under applicable VAT law. VAT will be charged in addition at the rate as
provided under the applicable VAT law in force from time to time.
ING Luxembourg – General Fees 01/11/2018
- 28 -You can also read
