International Tariff

International Tariff

See Business Banking Tariff

See Business Interest Rates or Business Credit Card Interest Rates

Domestic Payments
CHAPS - Sterling	£24.00*
Copies of confirmations/advices	£5.00	per item

* Cancellation, fate enquiries and amendments will attract an additional charge of £18.00 if instruction received any later than 2 Business Days after the value date of the payment.

The use of the OUR clause is limited within the European Economic Area (EEA) to payments involving a currency conversion.
Charge clause BEN is not available for payments within the EEA.
 

International Funds Transfers (SWIFT)
International Funds Transfers (SWIFT)	£24.00^ £39.00^	BEN/SHA clause OUR clause
Copies of confirmations/advices	£5.00	per item

^ Cancellation, fate enquiries and amendments will attract an additional charge of £18.00 + any
+/- exchange gain/loss.
NOTE : International Funds Transfers may be liable to agents charges where applicable

The use of the OUR clause is limited within the European Economic Area (EEA) to payments involving a currency conversion.
Charge clause BEN is not available for payments within the EEA.
 

Subscribers to Module 2 of TeleBank® (CHAPS and SWIFT)
Requesting 0 - 10 payments per month
CHAPS (cost per payment) SWIFT (cost per payment)	£20.00** £20.00** £35.00**	BEN/SHA clause OUR clause
Requesting in excess of 10 payments per month
CHAPS (cost per payment) SWIFT (cost per payment)	£15.00** £15.00** £30.00**	BEN/SHA clause OUR clause
Copies of confirmations/advices	£5.00	per item

** Cancellation, fate enquiries and amendments will attract an additional charge of £18.00^^. For
CHAPS payments, this charge will be waived if instruction received within 2 Business Days after the value date of the payment.
^^SWIFT could also incur any +/- exchange gain/loss.
NOTE : International Funds Transfers may be liable to agents charges where applicable

The use of the OUR clause is limited within the European Economic Area (EEA) to payments involving a currency conversion.
Charge clause BEN is not available for payments within the EEA.
 

Drafts drawn on Correspondents Abroad
Foreign Currency
Draft (up to & including €100,000 or $150,000)	£30.00	Only available in Euros, Australian, Canadian, New Zealand or US Dollars
Cancelled Draft	£20.00	+ any +/- exchange gain/loss
Amended Draft + new Draft	£20.00	+new Draft cost +any +/- exchange gain/loss
Lost Draft	£20.00	+ agents charges + new Draft cost where applicable
Status Enquiry	£10.00
Copy of Paid Draft	£15.00	per item

 

Inward Correspondent Payments
Paid to customer’s account with this Bank
Up to £100 (or equivalent)	no charge
Over £100 (or equivalent)	£7.00	**
Copies of confirmations/advices	£5.00	per item

 **This charge will be debited to the account the Inward Correspondent Payment is being paid into, unless we agree otherwise.

Foreign Cheques – Sterling and Currency
Cheques for Negotiation at the Branch Foreign Currency Cheques Payable Abroad
Up to £100	£5.00	(flat fee) + agent charges***
Over £100	£0.25%	(Min £7 Max £40) +agents charges***
Unpaid items	£20.00	+ agents charges + any +/- exchange gain/loss
Cheques for Collection
Outward - Sent abroad or sent to banks in UK	£30.00	(flat fee) + agents charges***
Outward - Unpaid items	£10.00	+ £30.00 (flat fee) + agents charges***
Inward	£30.00	(flat fee) + £24.00 SWIFT fee
Customer Currency Account	£17.00	equivalent of Currency
Unpaid items	£20.00	per cheque + agents charges***
Requests for photocopies of cheques	£5.00	per item

*** where applicable.

 

Bill Collections
Sight/Pre-accepted Bills/Collections for payment	£0.275%	(Min £30.00, Max £100.00) + agents charges and any expenses e.g. courier costs
Usance Bills/Collections for acceptance & payment	£0.4%	(Min £40.00,Max £120.00) + agents charges and any expenses e.g. courier costs
Avalisation (Guaranteeing Payment) of Bill	£0.15%	per month (Min £75 + flat fee of £50 for Counter Indemnity where applicable)
Issuing Delivery Orders/Endorsing Bills of Lading	£20.00	per Delivery Order/Endorsement
Tracers/Letters/Items Returned Unpaid	£5.00	per item (first chaser message to overseas Bank - free)

NOTE : Add agents charges where applicable, postages and, for negotiations, interest to date of receipt of proceeds.

 

Guarantees and Bonds
Guarantee Commission	2.5%	per annum maximum subject to negotiation
Establishment Fee
Standard Guarantee	£160.00	+ agents charges + any telecom/courier costs
Non standard Guarantee	£160.00	Min (fees will be based on cost, additional work may be charged + agents charges + any telcom/courier costs)
Amendments	£50.00	Min + agents charges + additional issuance commission where applicable
Handling of Claims	£50.00	Min + agents charges

NOTE : Add agents charges and postage costs where applicable.

 

Documentary Letters of Credit - Exports
Advised
Confirmed		From £0.25% per 3 months or part thereof. Min £150. Additional work may be charged
Non Confirmed	£50.00
Pre-Advice (In addition to confirmations/non confirmations [see above])	£20.00
Amendments/Cancellations
Confirmed and Non Confirmed (each)	£30.00	Min per amendment/cancellation, (unless a higher charge is payable due to increase in amount/ validity), + any costs e.g. telecom, courier
Examination of Documents Fee (service provided at bank’s discretion)	£50.00	Min
Acceptance Commission	£0.15%	per month. Min £50
Drawings	£0.125%	per drawing. Min £60 + any costs e.g. telecom, courier. We reserve the right to make an extra charge where individual presentations comprise multiple sets of documents or additional work.
Indemnities (re discrepancies)	£0.25%	Min £25 + any remittance costs for non Bank customers e.g. SWIFT/CHAPS
Vetting and advising Standby Letter of Credit/Guarantee issued in favour of the Bank	£100.00	Min

 

Documentary Letters of Credit - Imports
Opened	£0.35%	per first 3 months or part thereof. Min £75 + any costs e.g. telecom, courier. Each additional month (or part thereof) £0.12%
Drawings	£0.125%	per drawing. (Min £60) + any costs e.g. telecom, courier. We reserve the right to make an extra charge where individual presentations comprise multiple sets of documents or additional work.
Amendments/Cancellations	£30.00	Min (unless a higher charge payable due to increase in value/validity), + any costs e.g. telecom, courier
Acceptance Commission	£0.15%	per month. Min £50 – irrespective of drawee
Pre-Advice	£20.00
Clean Re-imbursement Credit Advices	£30.00	per advice
Standby Letters of Credit
Opened	2%	per annum. Min £100 (additional work re text and indemnity may be charged), + any costs e.g. telecom, courier
Drawings	£0.125%	Min £60.00
Amendments/Cancellations	£30.00	per amendment/cancellation, (unless a higher charge payable due to increase in amount/validity), + any costs e.g. telecom, courier

 

Documentary Letters of Credit - Miscellaneous
Re-presentation/Pre-presentation of Documents	£30
Courier fee		At current applicable courier rate
Discounting of Acceptances	£50.00	(flat fee)+ interest by arrangement
Issuing Delivery Orders/Endorsing Bills of Lading	£25.00	per Delivery Order/Endorsement
Discrepant Document Charge	£50.00	Min per set

NOTE : Add agents charges and postage costs where applicable.

 

Transferable Letters of Credit
Transfer		Additional £0.50% on amount transferred. Min £110 + any costs e.g. telecom, courier
Amendments/Cancellations	£30.00	per amendment/cancellation, (unless a higher charge is payable for any appropriate increase in amount/validity) + any costs e.g. telecom, courier

 

Customer Currency Accounts
Lodgement of foreign currency cheques (excluding foreign currency cheques sent for collection)		Equivalent in relevant currency of £7.00 per cheque + agents charges ***
Foreign currency cheques you receive which are returned unpaid		Equivalent in relevant currency of £20.00 per cheque + agents charges + any +/- exchange gain/loss
Lodgements of foreign currency notes
Up to the equivalent of £2,500	2%	(flat fee)
Above the equivalent of £2,500 (subject to Bank approval)	2%	(flat fee)
Withdrawal of foreign currency notes
Up to the equivalent of £2,500	2%	(flat fee) + a maximum of £10.00 postage per package
Above the equivalent of £2,500 (may be permitted in exceptional circumstances and subject to Bank approval)	2%	(flat fee) + a maximum of £10.00 postage per package
Duplicate statements	£5.00	per statement
Stopped foreign currency cheque	Euro €15 or USD $15	per cheque***
Currency Current Account with cheque book – Maintenance Fee	Euro €35 or USD $35	per quarter***
Unplanned Borrowing  Rate		Currently 12% over the Central Bank Reference rate applicable to your Chosen Approved Currency. For further details on this or on the rates for other Approved Currencies, contact your Branch or your relationship manager.
Facilitating opening an Account in local currency with a branch of a Bank who is a member of National Australia Bank Group (except in the UK)	no charge	Contact Migrant Banking Team on 0208 614 9320

*** where applicable.

Collections Department

If we need to involve our Collections Department you must pay us all reasonable costs and expenses which we incur as a result. These could include any costs incurred by us on correspondence or in taking steps to trace you or recover money you owe us (including reasonable legal costs on a full indemnity basis). Further details are available on request at your local branch or from your Relationship Manager.