™Trademarks of The Bank of Nova Scotia, used under licence. TM There are other charges the Bank imposes for services. On request, you can get from the Bank specific charges not listed. Schedule of Rates The Bank of Nova Scotia Barbados Revised March 2019
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™Trademarks of The Bank of Nova Scotia, used under licence.
TM
There are other charges the Bank imposes for services. On request, you can get from the Bank speci�c charges not listed.
Schedule of RatesThe Bank of Nova Scotia Barbados
Revised March 2019
2
Contents Page
Personal Deposit Accounts...............
Small Business & Commercial...........
Personal Lending Products................
Personal Credit Cards........................
Funds Transfer & Foreign Exchange..............................
Miscellaneous....................................
3 - 5
6 - 10
10 - 12
12 - 13
14
15 - 16
Please note:
We make every effort to keep charges to a minimum, but they are subject to intermittent review. Changes to terms and conditions, interest rates, fees and charges will be brought to the customer’s attention by:
- Placement on our website bb.scotiabank.com- Notice in the branches- Advertisement- Notice in writing- Email or text messages
The information in this Schedule of Rates does not include all retail fees and services charges, only those most applicable for standard banking transactions.
TOTAL ACCESS AccountMonthly Fee $35.00 (3 branch transactions
and alternative channels free)Currency BBDMinimum Opening Balance $0.00Transaction Fees*Number of transactions included 3 branch transactions
Unlimited self-service/alternate channels
Branch transactions/cheque $3.00POS FREEATM, Telephone, Mobile & Internet
FREEATM Mini Statement $1.00Other
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Regular sundry fees applyCheque writing privilege YesPays Interest No Interest PaidStatement Frequency QuarterlyOverdraft available Yes, subject to normal lending
Business Surplus Account - BBDMonthly Fee 10.00Branch - Debit 3.00Branch - Credit 2.00Branch - Transfer 1.00ABM - Debit 3.00ABM - Credit 2.00ABM - Transfer 0.75
Business Surplus Account - Foreign Currency (USD)Monthly Fee 10.00Branch - Debit 3.00Branch - Credit 2.00Branch - Transfer 1.00ABM - Debit 3.00ABM - Credit 2.50ABM - Transfer 0.75
Commercial Operating / Commercial Surplus A/CNew Account Fee (separate legal entity) $500.00 $1,000.00 - (accounts requiring Enhanced Due Diligence)Secondary Account Fee (same legal entity) $150.00 $300.00 - (accounts requiring Enhanced Due Diligence)Change of directors or signatories $250.00 $500.00 - (accounts requiring Enhanced Due Diligence)
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COMMERCIAL & CORPORATE FINANCINGTERM FINANCING (LOANS)Application Fee 1/4% - 1% of amountDEMAND LOANSApplication Fees 1/4% - 1% of amount
CREDIT RELATED FEESApplication Fee (urgent reviews) 3/4% - 3% of the amount of the increase, Min. $100.00Standby Fee 1/2% - 2% per annum on daily undrawn balance charged monthlyRenewal Fee 1/4% - 1.00% of total amount authorizedOverrun Fees $5.00 per occasion
Items deposited subsequently charged back
$25.00
Minimum Overdraft Interest (Calculated on maximum daily balance)
$10.00
Transfer between accounts to cover cheques
$15.00 per item, $35.00 per hour, Min. $25.00
Search for vouchers $20.00Stop Payment Order $15.00Duplicate Statements within 3 months $25.00
within 6 months $20.00Service charges on accounts closed
$15.00
Opening New account due to lost passbook
$5.00
Withdrawal by 3rd party $1.25Charge for no book withdrawals
Breach of Conditions $100.00 - $1,000 per occasionExtension Fees Manager's discretionCommitment Fees 1/2% - 2% of net amount, Min. $100.00
Other Fees $20.00+ VAT If records to be searched $25.00 + VATCerti�cation of Balance of account $1.25Cheques issued on NON-CHEQUING ACCOUNT $30.00Cheques returned NSF $20.00Letters and forms at customers request $15.00
Administration Fee (monitoring of conditions) $100.00 - $1,000 per occasion
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Application Fee (Straight Purchases) 0.50% of amount requestedCommitment Fees 1.00%Government Stamp Fees & Legal Fees (PAID BY THE CUSTOMER)
Late Payment Fee $30.00 after 10 days of delinquency
Renewal Fee (Charge incurred for renewing your Mortgage with the Bank)
$60.00
Loan Refinancing/Renegotiating Fee
1.00% charged on new funds of approved Loan Amount
Construction Stage Payments (Interest only paid on Construction Loans)
1% above regular Mortgage Interest Rate.
Prepayment Fee 90 days interest on any prepayment made in excess of the amount entitled to for any one calendar year asper PCA (Personal Credit Agreement.
Inspection fee/Site Visits - Progress Reports
$50.00 at (Managers' discretion)
RETAIL LENDING PRODUCTSResidential Mortgage
Varies based on loan amount and lawyer chosen
Off-Shore Banking(US$)
Commercial Operating / Commercial Surplus A/CNew Account Fee (separate legal entity) Account A $1000 Account B $2000 Account C $0 Account D $3000 Secondary Account Fee (same legal entity) Account A $100 Account B $200 Account C $0 Account D $500 Change of Directors or signatories Account A $500 Account B $500 Account C $0 Account D $1000
Monthly Management Fee Account A $300 Account B $125 Account C $0 Account D $600 Outgoing Wire Fee (plus applicable bene�ciary Fees) Standard fee for all account types Manual wires $30 Online wires $25
fee
Private Vehicles & Other Consumer LoansApplication Fee 0.50% OF APPROVED Loan
Amount or min. $100Late Payment Fee (after 10 days delinquency)
$30.00 after 10 days of delinquency
Renewal Fee $60.00
Personal Loans (SPL)
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Annual Fee $200.00 for Primary Borrower; $200.00 for Co-borrower
Over limit Fees (Charge incurred monthly whenever the ScotiaLine is over the Limit)
$60.00
Late Payment Fee (Applied to each payment made after the due date)
$60.00
Return Cheque Charge $50.00Dishonored payment (applied to each payment credited to your account that is subsequently returned to us unpaid
$50.00
Not suf�cient funds (NSF) fee (Applies to each ScotiaLine cheque drawn on your account that is returned due to insuf�cient credit available on your account.)
$50.00
Cheque Stop Payment fee $20.00Additional or replacement statement $15.00
Retrieval of Items Fee $15.00ATM Cash Advance Fee $5.00Fee for replacing (Damaged/Lost) ScotiaLine Gold cardFee for replacing an additional or replacement statement
$25.00/$35.00$25.00
LINE OF CREDITSCOTIALINE “GOLD” PERSONAL LINE OF CREDIT
$50.00
Application Fee 0.50% OF APPROVED Loan Amount or min. $100.00 (approved applications only)
Government Stamp Fees & Legal Fees (PAID BY THE CUSTOMER)
Depends on the amount of Loan and the charges vary per lawyer.
Late Payment Fee $30.00 after 10 days of delinquency
Real Estate Loans
Extension/Re�nance Fees and Internal Processing $50 + 0.5% of approved loan amt (Min $100)
Returned Cheque/Dishonoured Payment
Annual Fee $200.00 for Primary Borrower; $75.00 for Co-borrower
Over limit Fees (Charge incurred monthly whenever the ScotiaLine is over the Limit)
$60.00
Late Payment Fee (Applied to each payment made after the due date)
$60.00
Return Cheque charge $50.00Dishonored payment (applied to each payment credited to your account that is subsequently returned to us unpaid
Not sufficient funds (NSF) fee -(Applies to each Scotialine cheque drawn on your account that is returned due to insufficient credit available on your account.)
$50.00
Cheque Stop Payment Fee $20.00Additional or replacement state-ment fee
$25.00 (add spreads to the rates quoted by International Banking Division. Up to USD$10,000 1/2% USD$10,001 - $50,000 1/4% USD$50,001 - $100,000 1/8% more than USD$100,000 1/16%