Product Current Account Fixed Deposit,Time Deposits
Minimum blalance n/a $1 000
Interest rates n/a Tiered
Interest calculations n/a As agreed
Frequency of paynet n/a On Maturity
Withdrawal conditions On demand On Maturity
Cash withdrawal fees 1.25% of  cash withdrawal amount
Cash deposits No charge

Retail Banking

Transactional Fees Individual Customers with monthly deposits that are less than or equal to $800 Individual Customers with monthly deposits that are more than $800
Cash withdrawal fees 1.25% of cash withdrawal amount  1.25% of cash withdrawal amount
Debit Card Fees First card free and subsequent ones $3.50 per card First card free and subsequent ones $3.50 per card
Account Maintenance Fees $5.00 monthly per account $5.00 monthly per account
ATM withdrawal fee 1% of cash withdrawal amount 1% of cash withdrawal amount
POS Transaction up to $10.00 -  $0.10 Transaction above $10.00 - $0.45
Request for statement First statement request free per month. Subsequent requests during the same month will attract a charge of $0.50 per page First statement request free per month. Subsequent requests during the same month will attract a charge of $0.50 per page
Cash Deposits No charge No charge
Inter-account Transters $2.00 per transaction $2.00 per transaction

Business and Personal Loans and Overdrafts

Interest WACF plus a composite margin of up to 12,5%
Arrangement fees 1% of 5% flat
Bank Guarantees 1.5% up to 60% Commission every quarter or part thereof

International Banking

Products/Services Fee Minimum Maximum
Drafts Commission

Individuals -$10 flast

Corporate-$20 flat

N/A
Telegraphic Transfers Commission 0.5% (minimum $20) plus $7 swift charge $100 (plus $7 swift charge)
Foreign Bills Negotitated -collected Commission 1% (minimum $5) plus DHL charge $10 plus DHL charge
Letter of Credit Commission 1.5 to 2,5% flat/quarter N/A
Documentary Collections Commission $100 (plus %7 swift charge) N/A

 

RTGS
Personal $10.00               
Corporate $10.00
Cheque Books
Personal $3.00 
Corporate $6.50 
Accont Maintenance Fees (Corporate) $20.00

  • WACF- Weighted Average Cost of Funds.
  • This information is correct at the time of publishing.
  • MBCA Bank reserves the right to make changes in line with market conditions without prior notice