News

Dear clients,

We would like to inform you that, with effect from the 28 of September 2016, new commissions and charges will be applied by the Bank, both for corporate and individual clients of RCB Bank Ltd.

Please note that all other existing Commissions and Charges of the Bank remain unchanged.

Corporate clients:

Accounts
Annual account maintenance fee	200 EUR (50 EUR charged per quarter)
Corporate file update / Account renewal	100 EUR
Cash transactions
Cash deposits	Free for EUR 0,5% for other currencies (min. 5 EUR)
Cash withdrawals	Free for EUR (up to10.000 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)
Transactions with coins (deposit/withdrawal/exchange)	1% for amounts over 50 EUR (min. 3 EUR)
Payments/Transfers
Outward SWIFT transfers (charge option SHARED)	0,15% (min. 35 EUR, max. 250 EUR) Payments received before cut-off time are executed the same day at no extra charge
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)
Outward SWIFT transfers in favor of VTB24 clients via RCB Online Banking	10 EUR
Manual processing of internal transfers (to other clients of the Bank) received on paper/fax	8 EUR
Manual processing of outward transfers received on paper/fax	20 EUR
Other services
Auditor confirmation	80 EUR
Hold mail	400 EUR (100 EUR charged per quarter)
First issued OTP token	Free (1 token per client)
Additional or replacement OTP token	10 EUR each
Test key codes	100 EUR (charged annually)
Communication charges
Additional statement or SWIFT (by fax or e-mail)	4 EUR
Investigations (inward and outward) up to 30 days	50 EUR
Investigations (inward and outward) over 30 days	70 EUR

Individual clients:

Cash transactions
Cash deposits	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)
Cash FX fee (per transaction)	0,5% (min. 5 EUR, max. 35 EUR)
Transactions with coins (deposit/withdrawal/exchange)	1% for amounts over 50 EUR (min. 3 EUR)
Communication charges
Investigations (inward and outward) up to 30 days	50 EUR
Investigations (inward and outward) over 30 days	70 EUR

Corporate and individual clients:

Custodian services
Maintenance of custody account (portfolio)
Safe-keeping charge (charged quarterly)1	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 clients 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 services
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 tariff for Payments/Transfers
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

¹Charge 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.

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.

For more information, please contact RCB Telephone Banking: 800 00 722 (toll-free in Cyprus), +357 25 355722 (for calls from abroad), 800 62 722 (toll-free in Luxembourg),
8 800 100 7722 (toll-free in Russia).

Yours faithfully,
RCB Bank Ltd