Business Banking Schedule of Charges
Updated on January 2022
1. |
Documentary Credit (Import) |
Charges |
| 1.1 | L/C Opening | 0.375% per quarter or part thereof - Min £200 (or equivalent USD/EUR) |
| 1.2 | Amendment | |
| Simple | £60.00 | |
| Extension in expiry/enhancement in the value of credit | 0.375% per quarter or part thereof - Min £75 (or equivalent USD/EUR) | |
| 1.3 | Acceptance Commission | 0.375% per quarter or part thereof - Min £100 (or equivalent USD/EUR) (Commission will be charged at the time of acceptance from the acceptance date to maturity date) |
| 1.4 | Cancellation Commission | No refund of previously charged commission - Min £100 (or equivalent USD/EUR) |
| 1.5 | Payment Against Documents | Negotiation/payment - 0.15% flat - Min £100 (or equivalent USD/EUR) |
| 1.6 | Documents Received on Inward Collection | |
| Sight Documents | ||
| Amount up to £100,000 | £70.00 | |
| Amount over £100,000 | £100.00 | |
| Usance Documents (D/A Acceptance) | ||
| Amounts up to £100,000 | £100.00 per set of documents for equivalent USD/EUR | |
| Amounts Over £100,000 | £150.00 per set of documents for equivalent USD/EUR | |
| Delivery Order | £40.00 | |
| Overdue/Unpaid/Unaccepted Bills | £40.00 per set of documents or equivalent USD/EUR | |
| Cost of Follow-Up SWIFT Messages | £15.00 each message | |
2. |
Documentary Credit (Export) |
Charges |
| 2.1 | L/C Advising | |
| Value under £5,000 | Flat* £225.00 (or equivalent USD/EUR) | |
| Value between £5,001 and £100,000 | £55.00 | |
| Value over £100,000 | £85.00 | |
| 2.2 | Amending Advising | £35.00 (or equivalent USD/EUR) |
| 2.3 | L/C Negotiation (Sight) | 0.25% or £100.00 (or equivalent USD/EUR) - includes advising, negotiation and postage, except amendment |
| 2.4 | L/C Negotiation (Usance) | 0.25% or £100.00 (or equivalent USD/EUR) |
| 2.5 | Discrepancy Charges | £45.00 (or equivalent USD/EUR) |
| 2.6 | Reimbursement Claims | |
| Payment under £100,000 | £50.00 | |
| Payments over £100,000 | £100.00 | |
| Payments over £1,000,000 or above | £200.00 | |
| Cost of Follow-Up SWIFT Messages | £15.00 each | |
| 2.7 | Confirmations | |
| Negotiable | Min £300.00 (or equivalent USD/EUR) - Charges may vary upon cross border risk | |
| L/C Transfer | 0.375% flat or min £250.00 (or equivalent USD/EUR) | |
| L/C Agreement | 0.375% flat or min £250.00 (or equivalent USD/EUR) | |
| Indemnities Issued To Other Banks For: | ||
| Discrepant Documents | £45.00 (or equivalent USD/EUR) | |
| L/C Cancellations | £50.00 (or equivalent USD/EUR) | |
| 2.8 | Outward Documentary Collections (Export) | |
| Sight Documents | ||
| Amounts Up To £100,000 | £70.00 (or equivalent USD/EUR) | |
| Amounts Over £100,000 | £100.00 (or equivalent USD/EUR) | |
| Usance Documents (D/A Acceptance) | ||
| Amounts Up To £100,000 | £100.00 (or equivalent USD/EUR) | |
| Amounts Over £100,000 | £150.00 (or equivalent USD/EUR) | |
| *Includes advising, negotiating and postage, except amendment commission at the rate of £35.00 per amendment which is charged separately. | ||
3. |
Standard Transaction Charges |
Charges |
| 3.1 | Debits | |
| Cheque Processing/Payment | 50p | |
| Direct Debit Processing/Payment | 50p | |
| Standing Order* | £1.00 | |
| Transfer of Funds Within UBL UK | Free of charge | |
| Other Debits | 50p | |
| 3.2 | Credits | |
| Automated Credits | 50p | |
| Cheque Deposits | 50p | |
| Cash Deposits | 50p | |
| 3.3 | Unpaid Items | |
| Cheques Deposited Returned to You | £20.00 | |
| Cheques Return Due to Insufficient Funds in Your Account | £35.00 | |
| Direct Debit Return Due to Insufficient Funds in Your Acocunt | £35.00 | |
| 3.4 | Other Services | |
| Account Maintenance | £5.00 per month | |
| CHAPS/Same Day UK Payment | £25.00 | |
| International Payment - Other Currencies | £25.00 | |
| Foreign Currency Demand Draft | £10.00 | |
| Bankers Cheque | £10.00 | |
| Duplicate Statement | £4.00 per statement | |
| Audit/Reference Letters | £25.00 | |
| Stop Cheques | £10.00 | |
| Special Cheque Presentations | £10.00 | |
| Special Cheque Presentation Payment | £10.00 | |
| 3.4 | Credit | |
| Subsequent Reminder (Letter) | £10.00 | |
| Temporary Overdraft | Min £50 or 1% whichever is higher | |
| Renewal of Overdraft | Case by case basis | |
| 3.5 | Remittances (Incoming/Outgoing) | |
| For Credit to a Customers Account With a Bank Amount up to £1,000.00 | £10.00 | |
| For Credit to a Customers Account With a Bank Amounts over £1,000.00 | £25.00 | |
| Payments against MT202 Incoming or Outgoing are free. As these payments are for own Account. | ||
| 3.6 | Clean Collections | |
| Amounts Up To £100.00 | £5.00 | |
| Amounts Over £100.00 But Less Than £1,000.00 | £10.00 | |
| Amounts Over £1,000.00 | £15.00 | |
| 3.7 | Cheque Drawn On Your Account With UBL UK | |
| Payments | Free of charge | |
| Stop Payments | £10.00 | |
| 3.8 | Query Handling Charges | |
| For Transactions Involving Up To 3 Months Old | Free of charge | |
| Over 3 months Old | £25.00 | |
| 3.9 | Letter of Guarentee | |
| Issuance/Extension in Expiry | 0.50% per quarter or part therof (min £400.00 or equivalent USD/EUR) | |
| N.B. The above charges are UBL UK's standard Account charges for Business Current Accounts. There is no account maintenance charge for Personal Current/Savings/Fixed Deposit Accounts. | ||
Please note that UBL UK may change the charges in future. We will notify you before any changes take effect.