Schedule |
Tariff |
Relationship |
Monthly relationship service fee |
USD 15 |
Minimum average account balance |
USD10 per month will be levied if the aggregate balance of the average monthly balance across all accounts is less than USD 10,000. |
USD 10 |
Dormant account |
Annual dormant account fee - applied per account (in case no transaction on account during previous 12 months) |
USD 10 |
Abandoned funds |
Abandoned funds fee - applied per account (in case the balance on the account must be transferred to the Bank of Mauritius as abandoned funds after having remained unclaimed for 7 years) |
USD 25 |
Account statement |
Electronic statement (at agreed frequency) |
Free of charge |
Interim statement (whether paper or electronic) |
USD 7 per sheet |
Duplicate statement (whether paper or electronic) |
USD 7 per sheet |
Transmission charge |
By express courier service |
USD 50 per item |
By registered mail |
USD 7 per item |
Outward remittances A) Manual transfer |
Manual transfer |
(I) 0.15% of payment value; (II) Min USD 40, Max USD 85 |
Manual transfer to third party account within Wealth International |
Free of charge |
Manual transfer between customer's own foreign currency accounts |
Free of charge |
SWIFT investigation/ amendment |
USD 10 + correspondent bank charge |
Banker's draft |
USD 25 |
Stop payment and cancellation of draft |
USD 25 |
Payment recall |
USD 25 |
Copy of swift payment advice |
First copy is free of charge. USD 5 for additional copy |
B) Electronic transfer via Internet Banking |
Electronic transfer (excluding correspondent charges) |
(I) 0.125% of the payment value; (II) Min USD 30 and Max USD 75 |
Electronic charges to third party accounts within Wealth International |
Free of charge |
Electronic transfer between customer's own foreign currency accounts. |
Free of charge |
Cards |
Issuing of debit card and renewal after expiry. |
Free of charge |
Replacement card |
USD 30 |
Withdrawal from any ATM where Visa Cards are accepted |
USD 5 |
Visa Debit Card or card PIN delivery via express courier service |
Free of charge |
Overdraft charges |
Overdraft charges |
LIBOR⁄Prime Lending Rate + 8% per annum and USD 50 per month |
Other services |
Certificate of interest |
USD 15 |
Letter of reference |
USD 15 |
Audit letters⁄reports |
USD 15 |
Notes on application of fees and charges: |
1. Fees and charges indicated in USD will be applied on USD account if any, otherwise on other currency account after conversion. 2. In case indicated fees and charges are applied on other currency account, exchange rate prevailing on day of application of the fees and charges will be used for conversion. |
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