Commissions and Charges for individual clients

Accounts

RCB Gold
RCB Classic
Account opening fee
(in EUR, USD, GBP, RUB, CHF)
Free
three accounts in any currency
Free
one account in EUR
Additional account opening fee
(one-off payment for each)
20 EUR
40 EUR
Relationship maintenance fee (monthly)

Free
(If average monthly balance1 on all accounts is 100.000 EUR or higher or monthly card purchase turnover is 5.000 EUR or higher)

15 EUR
(If average monthly balance1 on all accounts is lower than 100.000 EUR or monthly card purchase turnover is lower than 5.000 EUR)

Free
(If average monthly balance1 on all accounts is 10.000 EUR or higher or monthly card purchase turnover is 1.000 EUR or higher)


5 EUR
     (If average monthly balance1 on all accounts is lower than 10.000 EUR or monthly card purchase turnover is lower than 1.000 EUR)

Account closure
Free
Free
Periodical statements (as per General Terms and Conditions for account opening)
Free
Free
Cash transactions

RCB Gold
RCB Classic
Cash deposits
Free for EUR
0,5% for other currencies (min. 5 EUR)
Free for EUR
0,5% for other currencies (min. 5 EUR)
Cash withdrawals
Free for EUR
(up to 10.000 EUR)
0,1% for EUR
(over 10.000 EUR)
0,5% for other currencies
(min. 5 EUR)
Free for EUR
(up to 10.000 EUR)
0,1% for EUR
(over 10.000 EUR)
0,5% for other currencies
(min. 5 EUR)
Cash FX fee
(per transaction)
0,5% (min. 5 EUR,
max. 35 EUR)
0,5% (min. 5 EUR,
max. 35 EUR)
Transactions with coins (deposit / withdrawal / exchange)
1% for amounts over
50 EUR (min. 3 EUR)
1% for amounts over
50 EUR (min. 3 EUR)
Payments/Transfers

RCB Gold
RCB Classic
Inward SWIFT/SEPA transfers
Free
Free
Outward SWIFT transfers
Charge option SHARED
0,1%
(min. 43 EUR -
max. 155 EUR incl.
SWIFT 12,5 EUR)
0,3%
(min. 43 EUR -
max. 200 EUR incl.
SWIFT 12,5 EUR)
Additional fee for outward SWIFT transfers with charge option OUR
10 EUR
(up to 10.000 EUR) 
35 EUR
(from 10.000 to
50.000 EUR) 
60 EUR
(over 50.000 EUR)
10 EUR
(up to 10.000 EUR) 
35 EUR
(from 10.000 to
50.000 EUR) 
60 EUR
(over 50.000 EUR)
Outward SWIFT transfers in favor of beneficiaries with accounts in VTB24 through RCB Online Banking
10 EUR
10 EUR
Manual processing of outward transfers received on paper/fax
10 EUR
20 EUR
Same day payment cut-off time
(Cyprus time)
Till 13:00 (for EUR,
GBP and RUB),
till 16:00 (for USD)
Till 13:00 (for EUR,
GBP and RUB),
till 16:00 (for USD)
Outward SEPA transfers
(up to 50.000 EUR)2
Value date - T+1 (provided that payment is received by the Bank before official cut-off time). Charge option - only SHARED
Free 3 EUR per transfer
(up to 2.500 EUR)

5 EUR per transfer
(up to 5.000 EUR)

8 EUR per transfer
(over 5.000 EUR)
Creation or amendment of SEPA Direct Debit Free 5 EUR
Execution of SEPA Direct Debit Free Free
Failed execution of SEPA Direct Debit
(e.g. insufficient funds)
4 EUR 4 EUR
Creation or amendment of a standing order3 Free 6 EUR
Internal transfers (within the Bank) Free Free
Internal transfers (between own accounts within the Bank) Free Free
Internal transfers (within the Bank) through RCB Online Banking Free Free
Card fees and parameters

RCB Gold
RCB Classic
Main debit card's annual fee
(first card)
Free Free
Main credit card's annual fee
(first card)
Free 15 EUR
Main debit/credit card's annual fee (second and each consecutive card) 20 EUR 20 EUR
Supplementary debit/credit card's annual fee Free
first and second card

20 EUR
third and each consecutive card
20 EUR
Issuance of Visa Gold card (one-off payment) Issued by default 50 EUR
Urgent card and PIN production (next business day) 10 EUR 15 EUR
Debit/credit card
re-issue/replacement
Free 15 EUR
Annual interest rate on credit card 10% 12%
Annual interest rate on credit card during the grace period
(up to 50 days)
0% 0%
Monthly interest on credit not repaid on time 2% 2%
Commission for exceeding the established card’s credit limit 2% 2%
Commission for cash withdrawals from the ATMs of the Bank Free Free
Commission for cash withdrawals from the ATMs of other banks in Cyprus Free
three transactions4

1% (min. 1 EUR)
fourth transaction and each consecutive
Free
two transactions4

2% (min. 2 EUR)
third transaction and each consecutive
Commission for cash withdrawals from the ATMs outside Cyprus 2,5% (min. 2,5 EUR) 3% (min. 3 EUR)
Commission for cash withdrawals from the cash points of other Banks 2,5% (min. 2,5 EUR) 3% (min. 3 EUR)
Foreign exchange commission
(for non-Euro transactions)
2% on transaction amount 2,9% on transaction amount
SMS-Notice Free Free
Card and PIN mailing to client’s address (by courier) 70 EUR 70 EUR
Daily transaction limit (set by default and may be changed upon client request) 10.000 EUR 3.000 EUR
Daily cash withdrawal limit from the ATMs of the Bank 1.000 EUR 1.000 EUR
Daily cash withdrawal limit (set by default and may be changed upon client request) 1.000 EUR 1.000 EUR
Daily limit for card not present transactions (internet purchases and other card not present transactions) - set by default and may be changed upon client request 10.000 EUR 3.000 EUR
Monthly limit for card not present transactions (internet purchases and other card not present transactions) for сards with no SMS-Notice service activation - set by default and may be decreased upon client’s request 200 EUR 200 EUR
Cheques and bankers’ drafts

RCB Gold
RCB Classic
Clearing of a cheque/bankers’ draft (drawn upon a local bank in Cyprus and issued in Euro)
Clearing of a cheque Free Free
Clearing of a bankers’ draft Free Free
Special presentation 20 EUR 20 EUR
Issue of a chequebook
Issue of a chequebook Free Free
first chequebook

10 EUR
second and each consecutive chequebook
Issue of a special chequebook (customised logo) Printing cost
+ stamps
+ supervision cost
Printing cost
+ stamps
+ supervision cost
+ 20 EUR
Issue of a bankers’ draft
Issue of a bankers’ draft in Euro Free 30 EUR
Stopping payment of a cheque/bankers’ draft
Stop payment request 20 EUR 20 EUR
Cancellation of a stop payment request 20 EUR 20 EUR
Cheques which fail the clearing process/return of cheques
Return of an RCB cheque for insufficient funds (charged to the issuer of an RCB cheque) 50 EUR 50 EUR
Return of an RCB cheque as a postdated cheque (charged to the issuer of an RCB cheque) 8 EUR 8 EUR
Return of an RCB cheque for other reasons (charged to the issuer of an RCB cheque) 8 EUR 8 EUR
Return of an RCB cheque after a failed attempt for any reason (charged to the issuer of an RCB cheque) 8 EUR 8 EUR
Cheques drawn upon other local bank and deposited with RCB which fail to clear (charged to the beneficiary) Free Free
Communication charges

RCB Gold
RCB Classic
Investigations
(inward and outward)
up to 30 days
50 EUR 50 EUR
Investigations
(inward and outward)
over 30 days
70 EUR 70 EUR
Additional statement or SWIFT
(by fax or e-mail)
Free 4 EUR each
Courier in Cyprus 10 EUR minimum charge 10 EUR minimum charge
Courier abroad 35 EUR minimum charge 35 EUR minimum charge
Postages in Cyprus 1 EUR minimum charge 1 EUR minimum charge
Postages for abroad 2 EUR minimum charge 2 EUR minimum charge
Other services

RCB Gold
RCB Classic
Certificate of balance and/or interest 3 EUR (per account) 5 EUR (per account)
Auditor confirmation 15 EUR 30 EUR
Bank reference letter Free 25 EUR
Hold mail (per quarter) Free 80 EUR
RCB Online Banking Free Free
First issued OTP token Free 10 EUR
Replacement of OTP token 10 EUR 20 EUR
Display card token fee 50 EUR5 50 EUR5
Test key codes Free 100 EUR
Switch to RCB Gold banking package n/a Free
Switch to RCB Classic banking package 200 EUR n/a
Available fixed term deposit schemes All deposit schemes All deposits excluding Flexibility scheme
Custodian services
Maintenance of custody account (portfolio)
Safe-keeping charge
(charged quarterly)6
0,15% p.a. (min. 100 EUR per year)
Monthly maintenance of segregated account for client with sub-custodian (Euroclear, Clearstream, VTB),
per sub-custodian account
Monthly maintenance is paid based on individual invoices
Custodian transfers
Transfer of securities DVP or FOP to/from external custody 50 EUR
Change or cancellation order in external custody 15 EUR
Corporate actions (CA), taxation
Forwarding notifications of CA obtained from sub-custodians/issuers to a client Free
Client initiated requests for information on CA to a sub-custodian 50 EUR per request
CA initiated by the issuer
e.g. additional issue/exchange of securities, repurchase after liquidation, liquidation etc.
Free
CA/disclosures to the issuer at the client’s discretion for request: capital increase, IPO, exchange offer, conversion, exercise of warrants, optional dividend, reinvestment funds and other 50 EUR per instruction
CA at the client's discretion for voting instructions 50 EUR per voting instruction
Certification of client’s holdings for relevant markets through
sub-custodian
50 EUR per certification
Assistance in obtaining tax relief under a Double Taxation Treaty directly from an issuer Charged individually per client’s request on a case by case basis,
min. 50 EUR, max. 250 EUR
Other custodian services7
Manual processing of custodian instructions received on paper/fax 20 EUR
Transfer of income to a client’s account to third banks Charged as per payments/transfers commissions
Obtaining statement from external custodian upon request 50 EUR per statement
Additional portfolio statement
(any statement requested by client in addition to monthly portfolio statement)
5 EUR per additional statement
Brokerage fees
Bonds
Less than 10m USD8 0,125%
(min. 150 USD)8
More than 10m USD8 0,0625%
Equities
Less than 100.000 USD8 0,25%
(min. 200 USD)8
100.000 — 999.999 USD8 0,20%
1m — 10m USD8 0,15%
More than 10m USD8 Individual
REPO for bonds and equities
For period less than 45 days 0,25% p.a.
For periods 45-180 days 0,50% p.a.

All fees are quoted in Euro. In case of insufficient funds on a client’s Euro account, the Euro equivalent will be charged from the client’s account in other currencies at Bank’s exchange rate.

In case the client’s account currency differs from Euro, the fees will be charged in Euro equivalent at Bank’s exchange rate.

Where a fee or charge is levied in a currency other than the currency of the account, the above commissions and charges are converted into the relevant currency equivalent at the Bank’s exchange rate.

1The average monthly balance is calculated as the sum of daily credit balances (at the beginning of each day) in all client’s accounts with the Bank during the month divided by the number of calendar days in the respective month.
2SEPA area: EU countries, Norway, Lichtenstein, Iceland, Switzerland and Monaco.
3All transfers executed under a standing order will be charged according to the Bank’s Commissions and charges.
4ATM cash withdrawals are calculated per month per account regardless the number of cards linked to the account.
5Free for clients with a fixed term deposit for the amount over 1m EUR or equivalent in applicable currency.
6Charge is accrued on market value of client’s holding. In case market value is not available, the nominal is used for bonds, for shares a default price of 2 EUR per share is applied. Standard safekeeping tariff is applicable for international securities, US, GB, IE, RU. Safekeeping of securities in other local markets may involve additional costs.
7The third parties charges (Global Depositary Receipt (GDR) agency fees, notary, postage etc.) are to be reimbursed by the client at cost.
8Or equivalent in applicable currency.