International Banking Services

International Banking Services Fee Schedule

Documentary Letter of Credit
Import
Issuance 1/8% per 3-month Min. $95.00
Negotiation 1/8%, Min. 95.00 (each drawing)
 
Amendment
-Increased/Extension 1/8% per 3-month Min. $75.00
-Narrative $65.00
Acceptance 2% p.a., Min $95.00
Discrepancy $80.00
Cancellation (unutilized) $55.00
Air/Sea Release $80.00
 
Export
Advising $75.00
Advising Amendment $55.00
Negotiation/Examination 1/8%, Min. $95.00
Confirmation 1/8% per 3-month ,Min. $105.00
Discrepancy $65.00
Assignment of Proceeds 1/4%, Min. $125.00
Acceptance/Defer Payment

1.5% p.a., Min. $95.00

Discount/Bill Purchase By arrangement. Min $105.00
Cancellation (unutilized) $55.00
Documentary Collections
Against Payment D/P-$85.00, Max. $155.00
Against Acceptance D/P-$85.00, Max. $155.00
Clean (incoming & outgoing) $55.00
Tracer $35.00 + out of pocket expenses
Maintenance $30.00 per month
 
Standby Letters of Credit
Issuance 2%, Min. $205.00
Amendment 2%, Min. $155.00
Negotiation 1/8%, Min. $105.00
Cancellation (others) $55.00 (no charge for Expired and unutilized)
 
Transferable Letters of Credit
Transfer (full & partial) 1/4%, Min. $130.00
Amendment 1/4%, Min. $85.00
Negotiation 1/8%, Min. $105.00
 
Wire Transfer

Outgoing (Foreign- GBCIB Customer)

$35.00

Outgoing (Foreign-Non Customer)

$40.00

Outgoing (Domestic- GBCIB Customer)

$30.00

Outgoing (Domestic-Non Customer)

$35.00
Incoming ( GBCIB Customer) $8.00
Incoming (Non Customer) Special handling charge
 
Other Miscellaneous
Full Cable Service/Swfit:
-Issuance $85.00
-Short Cable $50.00
-Wire Transfer Proceeds $40.00
 
Postage:
-Domestic $15.00
-Foreign $20.00
-Courier/Express, Foreign $85.00 or cost whichever is higher
-Courier/Express, Domestic $30.00 or cost whichever is higher
   
Copies:
-Fax Copies (Domestic) $1.50/page
-Fax Copies (Foreign) $2.50/page
-Cashier Check $10.00
 
Fees listed above are subject to change without notice

• All Letters of Credit are subject to the “Uniform Customs and Practices for Documentary Credits” (latest version) issued by the International Chamber of Commerce.

• All collections are subject to the “Uniform Rules for Collections” (latest version) issued by the International Chamber of Commerce.

• Customers are individuals or businesses who maintain depository.
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