Business Banking Schedule of Charges

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/ppayment - 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. 

Notification of early closure

The branch network and Customer Service Centre will be closing earlier than usual on Friday 20th December 2019, from 12pm. If you have any queries relating to this early closure, please feel free to come in and talk to a member of our UBL UK team who will be more than happy to help you.

UBL UK