News

Dear clients,

We would like to inform you that, with effect from the 1^st of December 2016, RCB Bank Ltd introduces changes in Commissions and Charges for individuals within RCB Gold and RCB Classic packages.

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

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)

Payments/Transfers

	RCB Gold	RCB Classic
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)
Internal transfers (within the Bank)	Free	Free

Card fees and parameters

	RCB Gold	RCB Classic
Main credit card’s annual fee (first card)	Free	15 EUR
Main debit/credit card’s annual fee (second and each consecutive)	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%
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 Bank’s ATMs	Free	Free
Commission for cash withdrawals from the ATMs of other banks in Cyprus	Free three transactions3 1% (min. 1 EUR) fourth transaction and each consecutive	Free two transactions3 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
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 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

Cheques and banker’s drafts

	RCB Gold	RCB Classic
Issue of a chequebook	Free	Free first chequebook 10 EUR second and each consecutive chequebook

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.

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.
³ATM cash withdrawals are calculated per month per account regardless the number of cards linked to the account.

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

Yours faithfully,
RCB Bank Ltd