FEE GUIDE Date Published: January 2, 2020

Effective February 17, 2020

DAY TO DAY/PERSONAL BANKING SERVICES

DESCRIPTION OF FEES Fees Final Fee (Incl of GCT)

Manager’s Cheque $412.02 $480.00

Stop Payment + Manager's Stop Payment + Manager's
Replacement Manager's Cheque Cheque Fee Cheque Fee
Foreign Drafts (negotiated overseas) $2,145.92 $2,500.00
Foreign Drafts (negotiated locally) $686.70 $800.00

Replacement Foreign Drafts Stop Payment + Foreign Draft Stop Payment + Foreign Draft
Fee Fee

Cheques issued J$1,000,000 and over $5,000 per transaction $5,825 per transaction
Cheque encashment fee (non–clients) $214.59 $250.00
1% per transaction with min USD 1.165% per transaction with min
Cheques on Collection (Local Account) 25.00 or equivalent +bearer fees USD 29.13 or equivalent +bearer
fees
1% per transaction with min 1.165% per transaction with min
Cheques on Collection (Foreign Account) USD 35.00 or equivalent + USD 40.78 or equivalent +
bearer fees bearer fees
Dormant Accounts fee $0.00 $0.00

Returns/Stop Payment

Cheque returned to other banks (JMD) $1,201.72 $1,400.00

Cheque returned to other banks (USD Local A/C) USD 25.00 USD 29.13
Other Bank Cheque dishonoured and charged back to client (JMD) $1,201.72 $1,400.00

Foreign Cheque returned - incoming (USD, GBP/EURO) USD 30.04 (or equivalent) USD 35.00 (or equivalent)

Locally drawn USD Other Bank Cheque dishonoured and charged

$1,201.72 $1,400.00
back to client (JMD)
Other Bank Cheque returned for material defects (such as
USD 21.00 (or equivalent) USD 24.47 (or equivalent)
signature, etc. USD,GBP/EURO)
SBJ Cheque returned NSF, recalled at clients request (JMD) $2,145.92 $2,500.00
Stop Payment on Manager's Cheque $412.02 $480.00
Stop Payment (JMD A/C) $412.02 $480.00
Stop Payment (Local USD A/C) USD 13.73 USD 16.00
Stop Payment on Foreign Draft USD 22.32 + FBC USD 26 + FBC
Stop Payment on Foreign Draft - cleared locally USD 13.73 USD 16.00
Interim/Duplicate Statement (Savings) $0.00 $0.00
Interim/Duplicate Statement (Chequing) $472.10 $550.00
(1 unit of currency per (1 unit of currency per
Foreign Cheques Processed transaction + J$1 per item transaction + J$1 per item
Stamp Duty) Stamp Duty)
$3,378.50 for current year + $3,935.95 for current year +
Auditor's Confirmation $1,041.06 per hr for listing $1,212.83 per hr for listing
securities securities
Certification of account balance $944.21 $1,100.00
Bill Payment (in branch) $184.55 $215.00
Cash Deposit in Excess of:
$2.40 per $1,000 on total $2.80 per $1,000.00 on total
J$1,000,000.00
amount amount
USD 1,000.00 1.29% of excess amount 1.5% of excess amount
CAN 1,000.00 1.29% of excess amount 1.5% of excess amount
£1,000.00 1.29% of excess amount 1.5% of excess amount
Debiting Account per clients' instruction - in Branch (letter/email/bearer) $500.00 $582.60
Night/Day Deposit Service (One time setup fee) $9,012.88 $10,500.00
Replace Night Chute Key - Cost $1072.96 admin cost + $1250.00 admin cost +
locksmith locksmith
Deposit bags Size A (9X12) per 50 bags $2,532.19 $2,950.00
Deposit bags Size D (12X16) per 50 bags $3,004.29 $3,500.00
Deposit bags Size G (20X25) per 50 bags $5,510.73 $6,420.00

CD Early Encashment Fee Discretionary (please speak with Discretionary (please speak
Branch Manager) with Branch Manager)
Client Cash Orders over J$1M or foreign currency equivalent 0.107% of the amount shipped 0.125% of the amount shipped

*FBC - Foreign Bank Charge. Ask your bank representative for an estimate of foreign bank charge
All fees are quoted in Jamaican dollars unless otherwise stated
 ITEM Fees Final Fee (Incl of GCT)
Fees Final Fee (Incl of GCT)

DAY TO DAY/PERSONAL BANKING SERVICES

DESCRIPTION OF FEES Fees Final Fee (Incl of GCT)

CHEQUE BOOKS
Personal
First supply of 50 cheque leaves free per 100 leaves (LOCAL) USD 21.46 USD 25.00
First supply of 50 cheque leaves free per 100 leaves USD 21.46 USD 25.00
Rush Order
Personal USD 8.58 + chequebook charge USD 10.00 + chequebook charge

RESEARCH
Voucher Search (JMD) $2,145.92 (1st hour) + $1,000 $2,500.00 (1st hour) +
per hour for search $1,000.00 per hour for search

FUNDS TRANSFER
Wire Transfers - Overseas
Outgoing Wire Transfer - In Branch Outgoing USD 30.90 (+FBC) USD 36 (+FBC)
Wire Transfer - Online USD 21.46 (+FBC) USD 25 (+FBC)
Incoming Wire Transfer $17.17 (US & CAD) $20.00 (US & CAD)
Incoming Wire Transfer $12(GBP & Euro) $14 (GBP & Euro)
Repair/amendment of outgoing wire transfer USD 22.32 + FBC USD 26 + FBC
Correspondent bank investigation/query USD 22.32 + FBC USD 26 + FBC
Tracer/query at clients request USD 22.32 + FBC USD 26 + FBC
Returned wire to correspondent bank USD 22.32 + FBC USD 26 + FBC
Credit confirmation to correspondent bank USD 22.32 + FBC USD 26 + FBC
Transfer to Local Banks
Sagicor to Sagicor account (online) $0.00 $0.00
Sagicor to Sagicor (in-branch) $500.00 $582.60
Sagicor to other bank (RTGS - online) $171.67 $200.00
Sagicor to other bank (RTGS - in-branch/Transact) $300.43 $350.00
Other bank to Sagicor (RTGS) $171.67 $200.00
Automated Clearing House (ACH) $17.17 $20.00

INTERNET BANKING
Internet Banking (Individual) Access FREE FREE
Transfer between Sagicor Accounts FREE FREE
Online Balance Enquiry FREE FREE
Bill Payment FREE FREE
TRANSACT
Service Charge $1,000.00 + Transaction fee $1,165.00 + Transaction fee

STANDING INSTRUCTIONS
Set Up/Amendment Fee (In Branch) $299.60 $349.00
Transaction Fee (Online) $257.51 + cost of Manager's $300.00 + cost of Manager's
Cheque/RTGS/ACH Cheque/RTGS/ACH
Transaction Fee (In Branch) $309.01 + cost of Manager's $360.00 + cost of Manager's
Cheque/RTGS/ACH Cheque/RTGS/ACH
Failure Charge $420.60 $490.00
Sweep between Accounts $51.50 per sweep $60 per sweep
Sweep between Accounts via ebank $25.75 $30.00

LOCAL CURRENCY ACCOUNTS

Prime Chequing $858.37 per month $1,000.00 per month
Prime Savings (local) $1,287.55 per month $1,500.00 per month
Advantage Savings (Savings A/C with cheque-writing facilities) $300.43 per month $350.00 per month
In branch per debit charge $68.67 per debit $80.00 per debit
E-Advantage $0.00 per month $0.00 per month
Senior Advantage $0.00 per month $0.00 per month
* Cheque charge (where applicable) $68.67 per cheque $80.00 per cheque
Cheque paid overlimit/against uncleared funds $1,201.72 $1,400.00

*FBC - Foreign Bank Charge. Ask your bank representative for an estimate of foreign bank charge
All fees are quoted in Jamaican dollars unless otherwise stated
 DAY TO DAY/PERSONAL BANKING SERVICES

DESCRIPTION OF FEES Fees Final Fee (Incl of GCT)

FOREIGN CURRENCY ACCOUNTS

Cheques (USD Accounts) USD 0.86 per cheque USD 1.00 per cheque
Prime Chequing USD 8.58 monthly USD 10.00 monthly

DEBIT CARDS
Using Proprietary (SBJ) ABM's
Withdrawals $30.04 $35.00
Replacement ABM Card $643.78 $750.00
Declined $15.45 $18.00
Transfers FREE FREE
Balance Enquiry FREE FREE
Deposit FREE FREE
Mini Statement FREE FREE
Using Multilink ABMs
Withdrawals $51.50 $60.00
Balance Enquiry $36.05 $42.00
Declined $30.04 $35.00
Point-of-Sale (POS) Transactions using Proprietary (SBJ) Machines
Per Transaction $14.16 $16.50
Declined $6.87 $8.00
Point-of-Sale (POS) transactions using Multilink
Per Transaction $15.45 $18.00
Declined $9.44 $11.00

CREDIT CARDS
Replacement Card Fee
MasterCard Access/Standard/Gold $2,403.43 $2,800.00
VISA Classic/Gold/Local (Classic) $1,716.474 $2,000.00
MasterCard Platinum and MasterCard Black FREE FREE

Late Payment Fee

MC Standard/MC Gold (USD) USD 42.92 USD 50.00
VISA Classic/Visa Gold (USD) USD 42.92 USD 50.00
Visa Platinum USD 55.79 USD 65.00
MC Access/Standard/Gold (JMD] VISA $2,231.76 $2,600.00
Classic/Gold/Local [Classic) (JMD] $2,231.76 $2,600.00

Cash Advance (VISA & Mastercard)

In Branch 8.37% of the amount 9.75% of the amount

In ABM 6.87% of the amount 8.00% of the amount
Supplemental Card Fee
VISA/MasterCard Gold $1,673.82 per item $1,750.00 per item
Credit Bureau Fee

All JMD VISA & Mastercard products $2,403.43 per item $2,800.00 per item

All USD VISA & Mastercard products USD 17.17 per item USD 20.00 per item

Overlimit Fee - (SBJ Cheques/Items paid overlimit/balance) $2,500.00 $2,912.50

Return Cheque Fee $1,459.23 $1,700.00

 DAY TO DAY/PERSONAL BANKING SERVICES
DESCRIPTION OF FEES Fees
CREDIT
Consumer Loans
Late Loan Payment Fee (Personal) $1,888.41
Loan Commitment Fees
0.75% - 1.5% of facility amount.
Cash Secured Minimum $5,000.00; minimum
loan $100,000.
3.43% of facility amount.
Unsecured Minimum $150,000.00.
New Vehicles: 2.75% of facility
amount; Used Vehicles: 2.95% of
Auto Loan facility amount; No minimum;
no processing fee.
Mortgage/Home Equity 1.95% commitment fee +
documentation fee
Issuance of Letter of Undertaking (Motor Vehicle, Real Estate, etc.) $5,000.00
Annual renewal fee (Overdraft) 2% (min. $3090.13)
UNDRAWN COMMITMENT FEE
(A non-refundable fee plus GCT per annum shall be payable 0.25%
quarterly in arrears on the undrawn portion of the Facilities).
Credit Bureau Credit Reports $2,500.00
Credit Report/Reference Letter/Special Letter/Request $5,000.00
Bonds Loan Commitment Fee
$0.5M -$5M: 2% p.a
Letters of Guarantee (Cash Secured) Over $5M: 1.5% p.a
Minimum: $10,000.00
$0.5M -$5M: 2% - 3% p.a
Letters of Guarantee (Non-Cash Secured) Over $5M: 1.5% - 3% p.a
Minimum: $10,000.00
$0.5M -$5M: 1.5% p.a
Letters of Undertaking (Cash Secured) Over $5M: 0.5% p.a
Minimum: $10,000.00
$0.5M -$5M: 1.75% p.a
Letters of Undertaking (Non-Cash Secured) Over $5M: 1.25% p.a
Minimum: $10,000.00
$0.5M -$5M: 1.5% p.a
Letters of Hypothecation Over $5M: 0.5% p.a
Minimum: $10,000.00
Cash secured: 0.5% of facility
Bonds Loan Commitment Fee (Consumer Loans) amount
Non-cash secured: 2% of facility
Performance amount
CORPORATE/SME
CREDIT CARD
Replacement Card Fee
VISA/MasterCard $2,403.43
Late Fee
Visa Business USD 55.79
Supplemental Card Fee
VISA/MasterCard $1,716.74 per item
Credit Bureau Fee
All JMD Credit Card products both VISA & Mastercard $2,403.43 per item
Excluding MC Black & DM FREE
All USD Credit Card products both VISA & Mastercard $17.17 per item
Cash Advance - All Card products both VISA & Mastercard
In Branch 8.37%
In ABM Overlimit 6.87%
Fee Return $2,231.76
Cheque Fee $1,459.23
All fees are quoted in Jamaican dollars unless otherwise stated
Final Fee (Incl of GCT)
$2,200.00
0.87% - 1.75% of facility amount.
Minimum $5,825.00; minimum
loan $100,000.
4% of facility amount.
Minimum $174,750.00.
New Vehicles: 3.2% of facility
amount; Used Vehicles: 3.4% of
facility amount; No minimum;
no processing fee.
2.27% commitment fee +
documentation fee
$5,825.00
$5,825.00
0.29%
$2,912.50
$5,825.00
$0.5M -$5M: 2.33% p.a
Over $5M: 1.7475% p.a
Minimum: $11,650.00
$0.5M -$5M: 2.33% - 3.495% p.a
Over $5M: 1.7475% - 3.495% p.a
Minimum: $11,650.00
$0.5M -$5M: 1.7475% p.a
Over $5M: 0.5825% p.a
Minimum: $11,165.00
$0.5M -$5M: 2.04% p.a
Over $5M: 1.46% p.a
Minimum: $11,650.00
$0.5M -$5M: 1.75% p.a
Over $5M: 0.5825% p.a
Minimum: $11,650.00
Cash secured: 0.5825% of facility
amount
Non-cash secured: 2.33% of
facility amount
$2,800.00
USD 65.00
$2,000.00 per item
$2,800.00 per item
FREE
$20.00 per item
9.75%
8.00%
$2,600.00
$1,700.00
 ITEM Fees Final Fee (Incl of GCT)
Fees Final Fee (Incl of GCT)

CORPORATE/SME

DESCRIPTION OF FEES Fees Final Fee (Incl of GCT)

CORPORATE PAYROLL SERVICES

Direct Advantage
Per Transaction/Item Charge $17.17 $20
Electronic
Per Transaction/Item Charge $42.92 $50
Manual
Per Transaction/Item Charge $257.51 $300

CHEQUE BOOKS
Business
Order of 600 leaves USD 111.59 USD 130.00
Order of 400 leaves USD 77.25 USD 90.00
Order of 200 leaves USD 38.63 USD 45.00
First supply of one 100 leaves FREE FREE
Rush Order
Business USD 12.02 + chequebook charge USD 14.00 + chequebook charge

AUDITOR'S CONFIRMATION
$3,378.50 per confirmation plus $3,935.95 per confirmation plus
Per Item $1,041.06 per hour for listing $1,212.83 per hour for listing
securities or research securities

LOCAL CURRENCY ACCOUNTS

Business Chequing $858.37 per month $1,000.00 per month
Business Advantage $858.37 per month or as negotiated $1,000.00 per month
*Cheque charge (where applicable) $68.67 per cheque $80.00 per cheque
Cheque paid overlimit/against uncleared funds $68.67 per cheque $1,398.00

FOREIGN CURRENCY ACCOUNTS

Cheques (USD Accounts) USD 0.86 per cheque USD 1.00 per cheque
Business Chequing Business USD 8.58 monthly USD 10.00 monthly
Advantage USD 8.58 monthly USD 10.00 monthly

LOAN COMMITMENT FEE

Business Loans

2% - 3% facility amount 2.33% - 3.495% facility amount

Development Bank of Jamaica (DBJ) facilities (inclusive of DBJ commitment fees) (inclusive of DBJ commitment fees)

1% - 3% facility amount 1.165% - 3.495% facility amount

Export-Import Bank of Jamaica (EXIM) (inclusive of EXIM fees)
.25% - 1% facility amount
SBJ Amortized & Term Loans (Cash Secured) Minimum $15,000.00
2% - 3% facility amount
SBJ Amortized & Term Loans (Non-Cash secured) Minimum $15,000.00
3.50% of facility amount
Line of Credit (Secured)
(inclusive of EXIM fees)
.29% - 1.165% facility amount
Minimum $17,475.00
2.33% - 3.495% facility amount
Minimum $17,475.00
4.10% of facility amount

3.50% of facility amount 4.10% of facility amount

Line of Credit (Unsecured)

1% - 2% facility amount 1.165% - 2.33% facility amount

Leasing Minimum $15,000.00 Minimum $17,475.00

Issuance of Letter of Credit $4,291.85 $5,000.00

Issuance of Letter of Undertaking (Motor Vehicle, Real Estate, etc) $5,000.00 $5,825.00

UNDRAWN COMMITMENT FEE

(A non-refundable fee plus GCT per annum shall be payable 0.25% 0.29%
quarterly in arrears on the undrawn portion of the Facilities).

Late loan payment fee $3,776.82 $4,400.00

*FBC - Foreign Bank Charge. Ask your bank representative for an estimate of foreign bank charge
All fees are quoted in Jamaican dollars unless otherwise stated
 CORPORATE/SME
DESCRIPTION OF FEES Fees
LETTER OF CREDIT
Advising or Amending Credit $10,000.00 plus Foreign Bank
Charge
Inward Acceptance Commission 0.60% per month
Minimum $10,000.00
Confirmation 1.20% of amount
Minimum $10,000.00
Outward Establishment Fee (plus Foreign Bank Charge)
1-59 days 1.20% of amount
Minimum $10,000.00
60-119 days 1.80% of amount
Minimum $10,000.00
120-179 days 2.50% of amount
Minimum $10,000.00
180 days & over 4.00% of amount
Minimum $10,000.00
Cancellation/Non-Utilization of less than 80% of value $10,000.00 plus expenses
of Letter of Credit incurred plus foreign bank charge. plus foreign bank charge.
Establishment Fee retained.
0.60% of amount plus foreign
Drawings Under Credit bank charge.
Minimum $5,000.00 plus foreign
bank charge. Interest is applied
from date payment effected by
foreign bank to date foreign
currency is allocated.
Standby Letter of Credit
1-59 days 1.20% of amount
60-119 days 1.80% of amount
120-179 days 2.50% of amount
4.00% of amount
180 days & over Minimum $10,000.00
LETTER OF GUARANTEE
Indirect Credit Faccility
Guarantee (local) - Cash Secured 0.25% of amount
Minimum $10,000.00
Guarantee (issued to other foreign financial institution) - 4.00% - 11.99% of amount
Secured (depending on the amount, nature of security Minimum $10,000.00
provided, risk involved, etc.)
1% - 2% plus foreign bank
Guarantee (issued to other foreign financial institution) -
charges. Minimum $10,000.00
Cash Secured
1.19% per annum
Guarantee issued to Service Provider (Cash Secured)
Minimum $7,500.00
Guarantee issued to Service Provider (Secured)(depending on
2.97% - 5.25% of amount
the amount, nature of security provided, risk involved, etc.) Minimum $7,500.00
Security - Non Cash
Credit Bureau Credit Reports $2,500.00
Credit Report/Reference Letter/Special Letter/Request $7,000.00
TRADE FINANCING
Discounting of Trade Receivables 1% - 2% facility amount
Letters of Credit + foreign bank charge .52% - 1.03% - min $10,000.00
All fees are quoted in Jamaican dollars unless otherwise stated
Final Fee (Incl of GCT)
$11,650.00 plus Foreign Bank
Charge
0.70% per month
Minimum $11,650.00
1.40% of amount
Minimum $11,650.00
1.40% of amount
Minimum $11,650.00
2.10% of amount
Minimum $11,650.00
2.90% of amount
Minimum $11,650.00
4.70% of amount
Minimum $11,650.00
$11,650.00 plus expenses incurred
Establishment Fee retained.
0.70% of amount plus foreign
bank charge.
Minimum $5,825.00 plus
foreign bank charge. Interest is
applied from date payment
effected by foreign bank to date
foreign currency is allocated.
1.40% of amount
2.10% of amount
2.90% of amount
4.70% of amount
Minimum $11,650.00
0.29% of amount
Minimum $11,650.00
4.66% - 13.97% of amount
Minimum $11,650.00
1.17% - 2.33% plus foreign bank
charges. Minimum $11,650.00
1.39% per annum
Minimum $8,737.50
3.46% - 6.12% of amount
Minimum $8,737.50
$2,912.50
$8,155.00
1.165% - 2.33% facility amount
0.61% to 1.2% - min $11,650.00
 CORPORATE/SME
DESCRIPTION OF FEES Fees Final Fee (Incl of GCT)

INTERNET BANKING
Internet Banking (Corporate) FREE FREE
Access Transfer between FREE FREE
Sagicor Accounts Online FREE FREE
Balance Enquiry Bill Payment FREE FREE
TRANSACT
Service Charge $1,000.00 $1,165.00

All fees are quoted in Jamaican dollars unless otherwise stated