Cash Transaction
| Currency | Buy | Sell |
|---|---|---|
| EUR RUB | 68.9897 | 73.4953 |
| EUR CHF | 1.0843 | 1.1293 |
| EUR USD | 1.1064 | 1.1464 |
| EUR GBP | 0.8819 | 0.9104 |
Non-cash Transaction
| Currency | Buy | Sell |
|---|---|---|
| EUR RUB | 70.1153 | 71.2427 |
| EUR CHF | 1.1037 | 1.1150 |
| EUR USD | 1.1224 | 1.1324 |
| EUR GBP | 0.8960 | 0.9032 |
16.07.2019
Commissions and Charges for International Corporate clients
Accounts
| Account opening | 200 EUR |
| Account closure | 100 EUR |
| Minimum average account balance (accounts with balances below minimum will be closed) | 5.000 EUR |
| Account maintenance | 480 EUR p.a., charged monthly |
| Account monitoring fee (applicable only to High Risk clients) | 4.200 EUR p. a., charged monthly (if average monthly balance1 is above 2 m EUR including securities, 50% discount is applicable to non-financial companies) |
| Corporate file update/Account renewal | 100 EUR |
| Periodical statements (as per General Terms and Conditions for account opening) | Free |
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) |
Payments/Transfers
| Inward SWIFT/SEPA transfers | Free |
|
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) |
| 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 |
|
Internal transfers (between own accounts within the Bank) |
Free |
| Internal transfers through RCB Online Banking | Free |
|
Same day payment cut-off time (Cyprus time) |
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 |
5 EUR per transfer (up to 5.000 EUR) 8 EUR per transfer (over 5.000 EUR) |
| Creation or amendment of SEPA Direct Debit | 5 EUR |
| Execution of SEPA Direct Debit | Free |
|
Failed execution of SEPA Direct Debit (e.g. insufficient funds) |
4 EUR |
| Creation or amendment of a standing order3 | 6 EUR |
Payments/Transfers through RCB Mobile Banking
|
|
Single transaction limit |
Daily transaction limit |
|---|---|---|
| Transfer between own accounts |
Unlimited
|
Unlimited
|
| Transfer to RCB beneficiaries |
3.000 EUR
|
10.000 EUR
|
| Transfer via payment templates (SEPA) |
3.000 EUR
|
10.000 EUR
|
| Transfer via payment templates (Outward) |
3.000 EUR
|
10.000 EUR
|
| Transfer via payment templates (Outward RUB) |
3.000 EUR
|
10.000 EUR
|
Fees and parameters for RCB Visa cards in EUR
|
|
Credit VISA card | Debit VISA card |
|---|---|---|
| Main card’s annual fee | 50 EUR | 50 EUR |
| Supplementary card's annual fee | 50 EUR | 50 EUR |
| Urgent card and PIN production (next business day) | 10 EUR | 10 EUR |
| Card re-issue/replacement | 50 EUR | 50 EUR |
| Card and PIN mailing to client’s address (by courier) | 70 EUR | 70 EUR |
| Annual interest rate | 10% | Not applicable |
| Annual interest rate on card during the grace period (up to 50 days)4 | 0% | Not applicable |
| Monthly interest on credit not repaid on time | 2% | Not applicable |
| Commission for exceeding the established card’s credit limit | 2% on excess amount | Not applicable |
| Card's due date | 20th day of the following month from a statement date | Not applicable |
| Credit card's minimum installment | 8% of the total outstanding balance on a statement date | Not applicable |
| Commission for cash withdrawals from the ATMs of the Bank | Free | Free |
| Commission for cash withdrawals from the ATMs of other Banks in Cyprus | 2% (min. 2 EUR) | 2% (min. 2 EUR) |
| Commission for cash withdrawals from the ATMs outside Cyprus | 3% (min. 3 EUR) | 3% (min. 3 EUR) |
| Commission for cash withdrawals from the cash points of other Banks | 3% (min. 3 EUR) | 3% (min. 3 EUR) |
|
Foreign exchange commission (for non-Euro transactions) |
2,5% on transaction amount |
2,5% on transaction amount |
| SMS-Notice | Free | Free |
|
Daily cash withdrawal limit (set by default and may be changed upon client request) |
1.000 EUR | 1.000 EUR |
| Daily cash withdrawal limit from the ATMs of the Bank | 1.000 EUR | 1.000 EUR |
|
Daily transaction limit (set by default and may be changed upon client request) |
20.000 EUR | 20.000 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 | 10.000 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 |
Fees and parameters for RCB Visa cards in USD, GBP and RUB
|
|
USD | GBP | RUB |
|---|---|---|---|
| Main credit/debit card's annual fee | 100 USD | 100 GBP | 8.000 RUB |
| Supplementary credit/debit card's annual fee | 100 USD | 100 GBP | 8.000 RUB |
| Urgent card and PIN production (next business day) | 10 USD | 10 GBP | 800 RUB |
| Credit/debit card re-issue / replacement | 100 USD | 100 GBP | 8.000 RUB |
| Card and PIN mailing to client’s address (by courier) | 80 USD | 80 GBP | 5.000 RUB |
| Annual interest rate on credit card | 15% | 15% | 18% |
| Annual interest rate on credit card during the grace period (up to 50 days)4 | 0% | 0% | 0% |
| Monthly interest on credit not repaid on time | 2% | 2% | 2% |
| Commission for exceeding the established card’s credit limit | 2% on excess amount | 2% on excess amount | 2% on excess amount |
| Credit card's due date | 20th day of the following month from a statement date | 20th day of the following month from a statement date | 20th day of the following month from a statement date |
| Credit card's minimum installment | 8% of the total outstanding balance on a statement date | 8% of the total outstanding balance on a statement date | 8% of the total outstanding balance on a statement date |
| Commission for cash withdrawals from the ATMs of the Bank | Free | Free | Free |
| Commission for cash withdrawals from the ATMs of other Banks in Cyprus |
3% (min. 3 USD) |
3% (min. 3 GBP) |
3% (min. 300 RUB) |
| Commission for cash withdrawals from the ATMs outside Cyprus |
2% (min. 2 USD) |
2% (min. 2 GBP) |
2% (min. 200 RUB) |
| Commission for cash withdrawals from the cash points of other Banks |
3% (min. 3 USD) |
3% (min. 3 GBP) |
3% (min. 300 RUB) |
|
Foreign exchange commission (for non-account currencies transactions) |
2,5% on transaction amount |
2,5% on transaction amount |
2,5% on transaction amount |
| SMS-Notice | Free | Free | Free |
|
Daily cash withdrawal limit (set by default and may be changed upon client request) |
1.000 USD | 1.000 GBP | 80.000 RUB |
| Daily cash withdrawal limit from the ATMs of the Bank | 1.000 USD | 1.000 GBP | 80.000 RUB |
|
Daily transaction limit (set by default and may be changed upon client request) |
20.000 USD | 20.000 GBP | 1.600.000 RUB |
| 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 USD | 10.000 GBP | 800.000 RUB |
| 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 USD | 200 GBP | 20.000 RUB |
Fees and parameters for multicurrency RCB Mastercard
| Debit card monthly fee | 12,99 EUR |
| Connect/disconnect USD, GBP, RUB and/or CHF account to the card | Free |
|
Urgent card and PIN production (next business day) |
10 EUR |
| Card re-issue/replacement | 50 EUR |
| Card and PIN mailing to client’s address | 70 EUR |
| Commission for cash withdrawals from the Bank’s ATMs | Free |
| Commission for cash withdrawals from the ATMs or cash points of other banks |
3% (min. 3 EUR, USD, GBP, CHF or 300 RUB) |
|
Foreign exchange commission (for non-account currencies transactions) |
Free |
| SMS-Notice | Free |
|
Daily transaction limit (set by default and may be changed upon client request) |
10.000 EUR |
|
Daily cash withdrawal limit (set by default and may be changed upon client request) |
1.000 EUR |
| Daily cash withdrawal limit from the ATMs of the Bank | 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’s request) | 10.000 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 |
Supplementary Visa contactless card rcb2pay
| Account currency | EUR |
| rcb2pay annual fee | 25 EUR |
| rcb2pay re-issue/replacement fee | 25 EUR |
| Daily transaction limit (set by default and may be changed upon client's request) | 500 EUR |
Cheques and bankers’ drafts
| Clearing of a cheque/bankers’ draft (drawn upon a local bank in Cyprus and issued in Euro) | |
| Clearing of a cheque | Free |
| Clearing of a bankers’ draft | Free |
| Special presentation | 20 EUR |
| Issue of a chequebook | |
|
Issue of a chequebook (per chequebook) |
10 EUR |
|
Issue of a special chequebook (customised logo) |
Printing cost + stamps + supervision cost + 20 EUR |
| Issue of a bankers’ draft | |
| Issue of a bankers’ draft in Euro | 30 EUR |
| Stopping payment of a cheque/bankers’ draft | |
| Stop payment request | 20 EUR |
| Cancellation of a stop payment request | 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 |
|
Return of an RCB cheque as a postdated cheque (charged to the issuer of an RCB cheque) |
8 EUR |
| Return of an RCB cheque for other reasons (charged to the issuer of an RCB cheque) | 8 EUR |
|
Return of an RCB cheque after a failed attempt for any reason (charged to the issuer of an RCB cheque) |
8 EUR |
| Cheques drawn upon other local bank and deposited with RCB which fail to clear (charged to the beneficiary) | Free |
Bank Guarantees
| Service | Charges |
|---|---|
|
Issue of Bank Guarantee on cash covered basis |
0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
|
Issue of Bank Guarantee within a credit limit |
0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
|
Extension of Bank Guarantee on cash covered basis |
0,083% per month |
|
Extension of Bank Guarantee within a credit limit |
0,15% per month |
|
Issuance / extension fees for Bank Guarantees favour of the Civil Registry and Migration Department (once off fee for up to 10 year tenor) |
100 EUR (for BG amount 850 EUR) |
|
Amendment of Bank Guarantee |
50 EUR (per amendment) |
|
Cancellation of Bank Guarantee before approval |
20 EUR |
|
Handling commission (applicable only when RCB Bank Ltd pays a claim) |
0,25% min. 10 EUR max. 500 EUR |
|
Claim fees (applicable only when RCB Bank Ltd pays a claim) |
100 EUR |
|
Advising a Bank Guarantee (without responsibility) |
0,1% min. 50 EUR, max. 100 EUR |
|
Advising an amendment of Bank Guarantee (without responsibility) |
50 EUR (per amendment) |
|
Issuance fees for Bank Guarantees issued under Inward Counter Guarantees |
According to country/bank risk min 100 EUR |
|
Swift fees |
10 EUR |
|
Courier charges |
35 EUR (for abroad) / 10 EUR (for local) |
|
Postages |
2 EUR (for abroad) / 1 EUR (for local) |
|
Evaluation of complicated cases |
50 EUR – 250 EUR (Ad-hoc fee) |
Letters of Credit
| IMPORT LETTERS OF CREDIT | |
|---|---|
| Service | Charges |
| Issue of Letter of Credit on prepaid or cash covered basis | 0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
| Issue of Letter of Credit within a credit limit | 0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
| Extension of Letter of Credit on prepaid or cash covered basis | 0,083% per month |
| Extension of Letter of Credit within a credit limit | 0,15% per month |
| Amendment of a Letter of Credit | 50 EUR (per amendment) |
| Acceptance commission of Letter of Credit on prepaid or cash covered basis | 0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
| Acceptance commission of Letter of Credit within a credit limit | 0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
| Handling commission (not applicable when Letter of Credit under nomination) | 0,25% min. 10 EUR, max. 1000 EUR |
| Handling of documents (examination - under a Letter of Credit nomination) | 0,25% min. 250 EUR, max. 1000 EUR |
| Discrepant documents under a Letter of Credit | 80 EUR |
| Payment/ reimbursement fees | 50 EUR |
| Courier charges | 35 EUR (for abroad) / 10 EUR (for local) |
| Postages | 2 EUR (for abroad) / 1 EUR (for local) |
| Evaluation of complicated cases | 50 EUR – 250 EUR (Ad-hoc fee) |
| Swift fee | 10 EUR |
| EXPORT LETTERS OF CREDIT | |
|---|---|
| Service | Charges |
| Letter of Credit advising | 0,1% min. 50 EUR, max. 100 EUR |
| Advising of amendment of Letter of Credit | 50 EUR |
| Handling commission (not applicable when Letter of Credit under nomination) | 0,25% min. 10 EUR, max. 1000 EUR |
| Handling of documents (examination - under a Letter of Credit nomination) | 0,25% min. 250 EUR, max. 1000 EUR |
| Payment / execution commission | 0,3% min. 30 EUR, max. 100 EUR |
| Discrepancy fees | 80 EUR |
| Pre-checking of documents | Min. 50 EUR |
| Reimbursement fees | 50 EUR |
| Courier charges | 35 EUR (for abroad) / 10 EUR (for local) |
| Postages | 2 EUR (for abroad) / 1 EUR (for local) |
| Evaluation of complicated cases | 50 EUR – 250 EUR (Ad-hoc fee) |
| Swift fee | 10 EUR |
| Cancellation commission | 25 EUR |
| Confirmation commission | According to country/bank risk, min. 100 EUR |
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 |
| Courier in Cyprus | 10 EUR minimum charge |
| Courier abroad | 35 EUR minimum charge |
| Postages in Cyprus | 1 EUR minimum charge |
| Postages for abroad | 2 EUR minimum charge |
Other services
| Bank reference letter | 100 EUR |
| Auditor confirmation | 80 EUR |
| Hold mail |
400 EUR (100 EUR charged per quarter) |
| RCB Online Banking | Free |
| First issued OTP token | Free (1 token per client) |
| Additional/replacement of OTP token | 10 EUR each |
| Display card token fee5 | 50 EUR |
| Test key codes | 100 EUR (charged annually) |
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) |
|||
| More than 10m USD8 | 0,0625% | |||
| Equities | ||||
| Less than 100.000 USD8 |
0,25% (min. 200 USD) |
|||
| 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, unless otherwise stated in the Bank’s website. 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 as per a standing order will be charged according to the Bank’s Commissions and charges.
4Grace period does not apply to cash withdrawal transactions.
5Free for clients with a balance in current account 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.