Revised Fee Schedule

 

Dear Valued Customer,

 

Thank you for choosing to bank with Atlantic International Bank Limited and entrusting our banking family with your financial needs. As we move into 2016 with our new correspondent bank, BANCREDITO, it has become evident that there are several adjustments to our fee schedule that must be made in order for us to move ahead in a mutually beneficial relationship. Below is our new fee schedule that will take effect on January 1, 2016.

 

Service Fees US$
On-line Banking FREE!
Incoming Wire Transfer $35.00
Outgoing Wire Transfers $1.00-$1,000.00 $250.00
Outgoing Wire Transfers $1,001.00-$2,500.00 $200.00
Outgoing Wire Transfers $2,501.00-$5,000.00 $185.00
Outgoing Wire Transfers $5,001.00-$10,000.00 $160.00
Outgoing Wire Transfers $10,001.00-$20,000.00 $100.00
Outgoing Wire Transfers $20,000.00 and above $90.00
Amendments to Wire Transfers $100.00
Courier Service (1 way) $50.00
Reference Letter $25.00
Returned Check (plus return bank charges) $75.00
Account monthly statement on letterhead (per page) $5.00
Bank Draft (U.S.) $20.00
Bank Draft (Local) $14.50
Corporate Account Maintenance Fee (Annually) $180.00
Stop Payment $75.00
Debiting Account $10.00
Cash Withdrawal (Up to $1,500 U.S.) $30.00
Cash Withdrawal (Over $1,500 U.S.) 2%
Token (replacement) $90.00
Confirmation Letter $25.00
Below Min. Balance Fee (Corporate Accounts Only) $50.00
Standing Orders $10.00
Clean Collection (per check) $75.00
Retained Mails $20.00
Close Account Before 3 Months $50.00
Credit card statement FREE
No charge to open account FREE

 

While we understand that the tier system that you see attached to the wire transfer service above may be a new experience for you, it is a system that our correspondent bank uses to charge us for each outgoing wire. For the last three (3) months we have been absorbing these charges and can no longer do so as we move into 2016, hence the reason for updating the fee schedule. We will continue to keep you updated as adjustments are made.

 

If you wish to discuss these changes further, please contact your usual customer service representative from Monday to Friday between the hours of 8:00 am – 5:00 pm. We look forward to your continued support and understanding as it relates to these changes.

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