Fees
The following are changes to minimum balances and maintenance fees that will become effective as of May 15, 2011
Business Checking Account |
| Minimum to Open |
$500 |
| Minimum Balance to avoid Maintenance Fee |
$2,500 Daily Balance |
| Maintenance Fee |
$ 15 Monthly |
| |
|
Business Money Market Account |
| Minimum to Open |
$2,500 |
| Minimum Balance to avoid Maintenance Fee |
$2,500 Daily Balance |
| Maintenance Fee |
$ 15 Monthly |
| An excess item fee will be charged for each transaction in excess of 6 during a monthly statement cycle (1) |
$ 10 Each Occurrence |
| |
|
Business Savings Account |
| Minimum to Open |
$2,500 |
Minimum Balance to avoid Maintenance Fee
|
$2,500 Daily Balance |
| Maintenance Fee |
$ 15 Monthly |
| An excess item fee will be charged for each transaction in excess of 6 during a monthly statement cycle (1) |
$ 10 Each Occurrence |
| |
|
Certificate of Deposit (2) |
| Minimum to Open |
$ 1,000 |
| |
|
(1) Transfers and withdrawals to another account or to a third party by preauthorized, automatic, telephone or computer transfers, or by check, draft, or debit card, or similar order to a third party are limited to no more than six per monthly statement cycle for Money Market Accounts and any calendar month for Savings Account. An excess item fee of $10.00 will be charged for each transaction in excess of the six transactions.
(2) Certificate of Deposits are subject to an early withdrawl penalty. |
| Miscellaneous Fees & Service Charges * |
| Account closed prior to 6 months |
$20.00 |
| Account Reconciliation |
$25.00 per hour or fraction thereof |
| Account Transfers (Internal) |
$10.00 by Fax/Scan request |
| Automated Teller Machine (ATM) |
Banesco Owned |
No Charge |
Not owned by Banesco
|
No Charge |
| Balance Request |
$3.00 per account |
| Bill Payments Manual |
$25.00 per invoice paid (concierge) |
| Cashiers Checks |
Customers
|
$10.00 per check |
Non-Customers
|
$30.00 per check |
| Chk. Orders Harland Clarke |
Charge Varies by Check Style |
| Collections |
Clean |
$40.00 per item |
Documentary |
$75.00 Higher of 0.25% of face amount or $75 |
| Charge Back Fee |
$10 per item |
| Dormant Account Fee |
$25.00 Monthly |
| Electronic Statement |
No Charge |
| Fax |
$2.00 per page |
| Hold Mail |
$25.00 monthly |
| Legal Document Processing |
$100.00 per hour or fraction thereof plus attorneys fees |
| Letters of Credit |
Please contact (786) 552-0550 for additional information |
| Night Depository Bags |
$30.00 each |
| Notary Services |
$10.00 per document |
| Uncollected/ NSF / Overdraft |
Uncollected Funds Fee |
$10.00 per item |
Non-Sufficient Funds Fee |
$35.00 per item |
Overdraft Interest Charge *** |
17% Annual Interest |
| Paper Statement Charge |
Domestic |
No Charge |
International |
$15.00 per month |
| Photocopies |
Bank Statements Photocopies
|
$5.00 each |
Cancelled Checks Photocopies
|
$3.00 each |
| Reference Letters |
$15.00 each |
| Remote Deposit Capture |
Please contact (786) 552-0550 for additional information |
| Research Requests |
$25.00 per hour or fraction thereof plus $2 per copy |
| Returned Mail |
$15.00 per month |
| Safety Deposit Rental Fee ** |
3" x 5" |
$25.00 per year |
3" x 10" |
$45.00 per year |
10" x 10" |
$175.00 per year |
Key Deposit |
$20.00 per box |
Late Payment Fee
|
$10.00 |
Drilling Costs
|
$250.00 per box |
Key Replacement
|
$50.00 per key |
| Stop Payment Charge Fee |
$35.00 Per Check & Effective for 6 months |
| Visa Check Card |
No Charge |
International Delivery |
$25.00 per card |
Replacement |
$25.00 per card |
| Wire Out Fee |
Domestic (USA)
|
$50.00 per wire |
International
|
$80.00 per wire |
On-Line (E-Wires) |
$20.00 per wire |
Foreign Exchange |
$70.00 per wire |
| Wire In Fee |
$10.00 per wire |
| Wire Transfer Tracer Fee |
$25.00 per wire |
* Miscellaneous Fees and Service Charges are subject to change.
** Safe Deposit Boxes are not FDIC insured.
*** Charge apply to overdrafts created by check, in-person withdrawal, or other electronic means, excluding ATM or one-time debit transactions. |
