Listening. helping. building.

Account Fees

Effective 15 February 2023 for Personal Banking, Commercial Banking and Private Banking customers.

Chequing Accounts
 PersonalClarien+Private BankingCommercialSeniors
Monthly maintenance fee$12 BMD/USD,
$15.60 AUD,
1332 JPY,
$15.60 SGD, 12 CHF1/4
BMD/USD14,
$15.60 AUD,
1332 JPY,
$15.60 SGD, 12 CHF1/4
BMD/USD14,
$15.60 AUD,
1332 JPY,
$15.60 SGD, 12 CHF1/4
$12 BMD/USD,
$18 AUD,
1344 JPY,
$18 SGD, 12 CHF1/4
No charge
Monthly compliance fee$3 BMD/USD,
$4.28 AUD,
338 JPY,
$4.28 SGD,
3 CHF1/4

BMD/USD14,  $4.28 AUD, 338 JPY, $4.28 SGD, 3 CHF1/4

BMD/USD14, $4.28 AUD, 338 JPY, $4.28 SGD, 3 CHF1/4$6 BMD/USD, $12 AUD, 960 JPY, $12 SGD, 8.40 CHF1/4No charge
Dormancy period
(number of months of inactivity before account is declared Dormant)
24 months24 months24 months24 months24 months
Monthly dormant account fee
(in addition to maintenance and compliance fees)

$15BMD/USD, 22 AUD, 21 SGD, 15 CHF, $18CAD1

$15BMD/USD, $18CAD, 22 AUD, 21 SGD, 15 CHF$15BMD/USD, $18CAD, 22 AUD, 21 SGD, 15 CHF

$15BMD/USD,, 22 AUD, 21 SGD, 15 CHF, $18CAD2/3/4

No charge
Dormant account reactivation feeNo chargeNo chargeNo chargeNo chargeNo charge
Minimum balance for free cheque allowanceN/AN/AN/AN/AN/A
Cheque Processing fee (for cheques above free cheque allowance)$3 2$3$3$3 2No Charge
Stop Payment fee$20$20$20$20$20
Returned Cheque fee (e.g. you have insufficient funds, stale dated or unsigned cheque)$50$50$50$50$50
New cheques fee$7.50 per 25 cheques$7.50 per 25 cheques$7.50 per 25 cheques$45 per 120 cheques/$65 per 300 cheques$7.50 per 25 cheques
Cheque Clearing Foreign Currency (USD/GBP/EUR) No CAD Cheques Accepted$20/Item for USD*
$30/Item for EUR and GBP*
$20/Item for USD*
$30/Item for EUR and GBP*
$20/Item for USD*
$30/Item for EUR and GBP*
$20/Item for USD*
$30/Item for EUR and GBP*
$20/Item for USD*
$30/Item for EUR and GBP*
Chequing Account Overdraft
Overdraft maximum term1 year1 year1 year1 year1 year
Overdraft negotiation/set-up fee$2,500 min/$250 or 1% of approved overdraft$2,500 min/$250 or 1% of approved overdraft$2,500 min/$250 or 1% of approved overdraft$5,000 min/$500 or 2.5% of approved overdraft$2,500 min/$250 or 1% of approved overdraft
Overdraft interest rate6.25%6.25%6.25%6.50%6.25%
Unauthorised / Temporary Overdraft fee$50 per transaction$50 per transaction$50 per transaction$50 per transaction$50 per transaction
Unauthorised / Temporary Overdraft Interest Rate13.25%13.25%13.25%13.50%13.25%
Savings Accounts
 PersonalClarien+Private BankingCommercialSeniors
Monthly maintenance fee$3, £3, €3, $5CAD1/5BMD/USD14 £3, €3, $5CADBMD/USD14 £3, €3, $5CAD$5, £5, €5, $7CAD3/9No Charge
Monthly compliance fee$2, £2, €2, $4CAD
/ month / account1
BMD/USD14
£2, €2, $4CAD
BMD/USD14
£2, €2, $4CAD
$5, £5, €5, $7CAD3No Charge
Dormancy period
(number of months of inactivity before account is declared Dormant)
24 Months24 Months24 Months24 Months24 Months
Monthly dormant account fee
(in addition to maintenance and compliance fees)
$15 BMD / USD, £13, €13, $18CAD
/ month1
$15 BMD / USD, £13, €13, $18CAD$15 BMD / USD, £13, €13, $18CAD$15 BMD / USD, £13, €13, $18CAD
/ month1
No Charge
Dormant account reactivation feeNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Unauthorized OverdraftN/AN/AN/AN/AN/A
Fixed Deposit Administration (Applies to All Term Deposits and CDs)
Amendment feeN/AN/AN/AN/AN/A
Breakage feeMaximum of 12 months interest accrued since last renewal, account opening or withdrawal
plus $250 administration fee
Maximum of 12 months interest accrued since last renewal, account opening or withdrawal
plus $250 administration fee
Maximum of 12 months interest accrued since last renewal, account opening or withdrawal
plus $250 administration fee
Maximum of 12 months interest accrued since last renewal, account opening or withdrawal
plus $250 administration fee
Maximum of 12 months interest accrued since last renewal, account opening or withdrawal
plus $250 administration fee
Account Services
 PersonalClarien+Private BankingCommercialSeniors
Cheque image copy feeN/AN/AN/AN/AN/A
Paper statement fee

$7.50 BMD / USD, 7.50 GBP, 7.50 EUR, $10 CAD, $11.25 AUD, 875 JPY, $11.25 SGD, 7.50 CHF

$7.50 BMD / USD, 7.50 GBP, 7.50 EUR, $10 CAD, $11.25 AUD, 875 JPY, $11.25 SGD, 7.50 CHF

$7.50 BMD / USD, 7.50 GBP, 7.50 EUR, $10 CAD, $11.25 AUD, 875 JPY, $11.25 SGD, 7.50 CHF

$7.50 BMD / USD, 7.50 GBP, 7.50 EUR, $10 CAD, $11.25 AUD, 875 JPY, $11.25 SGD, 7.50 CHF

No Charge

Scheduled additional paper statementsN/AN/AN/AN/AN/A
Non-scheduled statement feeN/AN/AN/AN/AN/A
Statement reprint fee$10 per statement (quarterly or interim)$10 per statement (quarterly or interim)$10 per statement (quarterly or interim)$10 per statement (quarterly or interim)$10 per statement (quarterly or interim)
Copy of transactions feeN/AN/AN/AN/AN/A
Research fee$50 per hour
$75 per hour for urgent requests
$50 per hour
$75 per hour for urgent requests
$50 per hour
$75 per hour for urgent requests
$50 per hour
$75 per hour for urgent requests
$50 per hour
$75 per hour for urgent requests
Audit Confirmation fee$50$50$50$50$50
Credit check fee$45$45$45$45$45
Bank / Credit reference fee$50$50$50$50$50
Bank / Credit reference rush feeN/AN/AN/AN/AN/A
Overseas mailing / Courier chargesAt prevailing ratesAt prevailing ratesAt prevailing ratesAt prevailing ratesAt prevailing rates
Special handling fee$10$10$10$10$10
Returned mail (after three consecutive months)N/AN/AN/AN/AN/A
Cheque cashing for non-customer
(for cheques drawn on us)
$50 per cheque6$50 per cheque6$50 per cheque6$50 per cheque6$50 per cheque6
Cheque cashing for customer
(any Bermuda bank’s cheque)
N/AN/AN/AN/AN/A
Coin DepositsNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Foreign currency cash withdrawalOnly have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Foreign currency notes purchaseOnly have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps
Only have USD Notes FCPT 1.25% and prevailing FX rate 15
FCC Fee BMD to USD 43bps

In Person, in Bank Transfer Orders

 

$519$519$519$519No Charge
Cash Deposit Fee applicable to all volume when depositor exceeds $1 million per annum (p.a.)

 

N/AN/AN/A40 basis points (assessed and invoiced monthly)N/A
Foreign Exchange / International Charge
Foreign exchange – sell Bermuda Dollar – Foreign Currency Purchase Tax exemption applies to Non-Resident account holders, Charities, Banks and Government entitiesFCPT 1.25% and prevailing FX rate (FCPT Exempt do not pay this tax)FCPT 1.25% and prevailing FX rate (FCPT Exempt do not pay this tax)FCPT 1.25% and prevailing FX rate (FCPT Exempt do not pay this tax)FCPT 1.25% and prevailing FX rate (FCPT Exempt do not pay this tax)FCPT 1.25% and prevailing FX rate (FCPT Exempt do not pay this tax)
Foreign exchange – any currency pairPrevailing FX ratePrevailing FX ratePrevailing FX ratePrevailing FX ratePrevailing FX rate
International Client Commercial Banking Services FeeN/AN/AN/A$5,000/year18N/A
Debit Cards and iATMS
 PersonalClarien+Private BankingCommercialSeniors
Debit Card annual feeNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Debit card daily transaction limitMinimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
Minimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
Minimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
N/AMinimum $2,000 USD and BMD Cards
ATM daily cash withdrawal limitMinimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
Minimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
Minimum $2,000 USD and BMD Cards
Minimum $50 for Youth Cards
N/AMinimum $2,000 USD and BMD Cards
ATM cash withdrawal fee at our ATMsNo ChargeNo ChargeNo ChargeN/ANo Charge

ATM cash withdrawal fee (for non Clarien Bank ATMS): 

 $5 $5   $5N/A  $5 
ATM surchargeN/AN/AN/AN/AN/A
Other transaction performed via ATMN/AN/AN/AN/AN/A
Debit Card US cross border fee / international transaction fee specific to BMD / USD transactions1.00431.00431.0043N/A1.0043
Debit Card Disputed Transaction fee$25$25$25N/A$25
Lost or Stolen Debit Card fraud deductibleN/AN/AN/AN/AN/A
Debit Card replacement fee$35$35$35N/A$35
Debit Card replacement – rush fee$35$35$35N/A$35
Debit card temporary daily transaction limit increase fee$15$15$15N/A$15
Copy of Debit Card Sales Slip fee/Research$50 per hour$50 per hour$50 per hourN/A$50 per hour
iBank - Online Banking
 PersonalClarien+Private BankingCommercialSeniors
Online Banking set-up feeNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Hard Token replacement fee$35 per token$35 per token$35 per token$35 per token$35 per token
Soft Token (Mobile Application) feeNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Courier / rush fee$50$50$50$50$50
Electronic Statements (eStatements)No ChargeNo ChargeNo ChargeNo ChargeNo Charge
Local Payments and Transfers
Transfer to another of your own accounts with us – via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Transfer to a third party account with us – via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
E-Payment to account at another Bermuda bank (local payment in BM/USD only) – via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
E-Payment to account at another Bermuda bank (BM/USD only) – not via online bankingN/AN/A$758$758N/A

International Wire Payment Transfer via iBank

$20$20$20$20$20
Cashier’s/Manager’s cheque – ordered via online banking$20$20$20$20$20
Cashier’s/Manager’s cheque – not ordered via online banking$80$80$80$80$80
Cashier’s/Manager’s cheque – stop payment fee$20$20$20$20$20
Bill payment via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Credit Card payment – via online banking or no-wait depositNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Direct Debit feeN/AN/AN/AN/AN/A
Incoming wire transfer fee$7$7$7$7$7
Copy of Cashier’s/Manager’s ChequeNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Overseas Payments
Drafts – ordered via online banking$20$20$20$20$20
Drafts – not ordered via online banking$80$80$80$80$80
Drafts – stop payment fee$20$20$20$20$20
In Person, In Bank Outgoing International Wire Payment Transfer$20$20$20$20$20
In Person, In Bank Outgoing International Wire Payment Transfer$140 BMD equivalent for BMD, USD, EUR, GBP, AUD, CHF, JPY, SGD, $168 BMD equivalent for CAD wires$140 BMD equivalent for BMD, USD, EUR, GBP, AUD, CHF, JPY, SGD, $168 BMD equivalent for CAD wires$140 BMD equivalent for BMD, USD, EUR, GBP, AUD, CHF, JPY, SGD, $168 BMD equivalent for CAD wires$140 BMD equivalent for BMD, USD, EUR, GBP, AUD, CHF, JPY, SGD, $168 BMD equivalent for CAD wires$140 BMD equivalent for BMD, USD, EUR, GBP, AUD, CHF, JPY, SGD, $168 BMD equivalent for CAD wires
Non Receipt / Amendment / Cancellation of Remitted Payment(s)$30$30$30$30$30
Copy of DraftN/AN/AN/AN/AN/A
Foreign Cheque Deposits
Foreign cheques purchased$20$20$20$20$20
Standing Orders or Instructions
Set up standing order – via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Set up standing order – not via online banking$5$5$5$5$5
Amend standing order – via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Amend standing order – not via online bankingNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Standing order local transfer to account with usNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Standing order E-payment to account with another Bermuda bankNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Standing order Intl wire payment (charge for each recurring International Wire Payment executed on iBank)$20$20$20$20$20
Credit Card auto-payNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Warning advice / Insufficient funds fee$50$50$50$50$50
Failure adviceNo ChargeNo ChargeNo ChargeNo ChargeNo Charge
Credit Cards
 PersonalClarien+Private BankingCommercialSeniors
Visa Platinum — Denominated in either BMD or USD
Minimum Line of Credit$2,500$2500 – Platinum
$10,000 – Platinum Private
$2500 – Platinum
$10,000 – Platinum Private
N/A$2,500
Maximum Line of Credit$9,999.99$9,999.99 – Platinum
$19,999.99 – Platinum Private
$9,999.99 – Platinum
$19,999.99 – Platinum Private
N/A$9,999.99 – Platinum
$19,999.99 – Platinum Private
Annual fee$85$85 – Platinum
$150 – Platinum Private
$85 – Platinum
$150 – Platinum Private
N/A$85 – Platinum
$150 – Platinum Private
Annual Interest Rate21.00% – Merchandise
22.75% – Cash Advance
21.00% – Merchandise
22.75% – Cash Advance
21.00% – Merchandise
22.75% – Cash Advance
N/A21.00% – Merchandise
22.75% – Cash Advance
Supplementary Credit Card fee$40$40 – Platinum
$85 – Platinum Private
$40 – Platinum
$85 – Platinum Private
N/A$40 – Platinum
$85 – Platinum Private
Minimum Payment amount133.5% or min $103.5% or min $103.5% or min $10N/A3.5% or min $10
Visa Infinite – Denominated in either BMD or USD
Minimum Line of CreditN/AN/A$10,000$2,500$10,000
Maximum Line of CreditN/AN/AN/AN/AN/A
Annual feeN/AN/A$300$80 per card$300
Annual Interest RateN/AN/A21.00% – Merchandise
22.75% – Cash Advance
21.00% – Merchandise
22.75% – Cash Advance
21.00% – Merchandise
22.75% – Cash Advance
Supplementary Credit Card feeN/AN/A$100$65 per card$100
Minimum Payment amount13N/AN/A3.5% or min $103.5% or min $103.5% or min $10
Credit Card Transactions
Credit Card Cash Advance fee2.50% of Cash advance (min $5)2.50% of Cash advance (min $5)2.50% of Cash advance (min $5)2.50% of Cash advance (min $5)2.50% of Cash advance (min $5)
Credit Card US cross border fee / international transaction fee30 basis points**30 basis points**30 basis points**30 basis points**30 basis points**

Credit Card foreign currency conversion is applied to non-US and Bermuda purchase traffic (for example, a Netflix subscription in Bermuda with a transaction based with a Dublin provider).

3%3%3%3%3%
Credit Card Overlimit fee$50 per transaction11$50 per transaction11$50 per transaction12$50 per transaction12$50 per transaction12
Credit Card late payment fee$50 per cycle$50 per cycle$50 per cycle$50 per cycle$50 per cycle
NSF (non-sufficient funds) handling feeN/AN/AN/AN/AN/A
Penalty interest rate for accounts delinquent for 60 days or more5% rate increase for six months5% rate increase for six months5% rate increase for six months5% rate increase for six months5% rate increase for six months
Credit Card Account Services
Credit Card issuance rush fee$50$50$50$50$50
Credit Card replacement card fee$50$50$50$50$50
Credit Card replacement rush fee$50$50$50$50$50
Credit Card rush PIN mailerN/AN/AN/AN/AN/A
Credit Card (Temporary or Permanent) credit limit increase$50 / increase$50 / increase$50 / increase$50 / increase$50 / increase
Copy of Credit Card Sales Slip fee$15$15$15$15$15
Credit Card Disputed Transaction fee$25 per transaction$25 per transaction$25 per transaction$25 per transaction$25 per transaction
Statement Reprints fee$10 per statement$10 per statement$10 per statement$10 per statement$10 per statement
Research fee$50 per hour$50 per hour$50 per hour$50 per hour$50 per hour
Replacement Sales Receipt$15$15$15$15$15
Credit Reports – Request for outstanding client debts$13516$13516$13516$13516$13516

21.00%

Lending
 PersonalClarien+Private BankingCommercialSeniors
First Residential Mortgage, Home Equity Loan, Home Improvement Loan, Construction / Home Renovation Loan
Interest ratePer last rate notificationPer last rate notificationPer last rate notificationPer last rate notificationPer last rate notification
Maximum Term30 Years30 Years30 Years30 YearsSpecific to borrower
Negotiation / Administration / Origination feeMinimum $250 or 1% of principal whichever is the greaterMinimum $250 or 1% of principal whichever is the greaterMinimum $250 or 1% of principal whichever is the greaterMinimum of 2%Minimum $250 or 1% of principal whichever is the greater
Negotiation / Administration / Origination fee for renegotiationsMinimum $250 or 1% of principal whichever is the greaterMinimum $250 or 1% of principal whichever is the greaterMinimum $250 or 1% of principal whichever is the greaterMinimum of 2%Minimum $250 or 1% of principal whichever is the greater
Appraisal / Valuation administration fee$100 per appraisal over the cost of the appraisal as determined by the appraiser$100 per appraisal over the cost of the appraisal as determined by the appraiser$100 per appraisal over the cost of the appraisal as determined by the appraiser$100 per appraisal over the cost of the appraisal as determined by the appraiser$100 per appraisal over the cost of the appraisal as determined by the appraiser
Inspection feeN/AN/AN/AN/AN/A
Early pay-off or principal reduction feeThree months written notice or the equivalent of three months’ interest in lieu of noticeThree months written notice or the equivalent of three months’ interest in lieu of noticeThree months written notice or the equivalent of three months’ interest in lieu of noticeThree months written notice or the equivalent of three months’ interest in lieu of noticeThree months written notice or the equivalent of three months’ interest in lieu of notice
Interest rate on delinquency2% above interest rate2% above interest rate2% above interest rateN/A2% above interest rate
Late payment fee$150.00$150.00$150.00$150.00$150.00
Outstanding insurance premium$425.00 if the annual premium is below $2,000, $550.00 if the annual premium is over $2,000$425.00 if the annual premium is below $2,000, $550.00 if the annual premium is over $2,000$425.00 if the annual premium is below $2,000, $550.00 if the annual premium is over $2,000$425.00 if the annual premium is below $2,000, $550.00 if the annual premium is over $2,000$425.00 if the annual premium is below $2,000, $550.00 if the annual premium is over $2,000
Stamp dutyStamp duty is determined by Bermuda Government and based on percentage of the amount borrowed.Stamp duty is determined by Bermuda Government and based on percentage of the amount borrowed.Stamp duty is determined by Bermuda Government and based on percentage of the amount borrowed.Stamp duty is determined by Bermuda Government and based on percentage of the amount borrowed.Stamp duty is determined by Bermuda Government and based on percentage of the amount borrowed.
Certified copy of deed of conveyance$25 per copy$25 per copy$25 per copy$25 per copy$25 per copy
Non-certified copy of deed of conveyance$25 per copy$25 per copy$25 per copy$25 per copy$25 per copy
Copy of deed site plan/schedule$25 per copy$25 per copy$25 per copy$25 per copy$25 per copy
Credit Reports – Request for outstanding debts$13516$13516$13516$13516$13516
Retail Loans various purposes:  Vehicle, Solar, Cash Secured, Unsecured
Interest ratePer last rate notificationPer last rate notificationPer last rate notificationN/APer last rate notification
Maximum term – Solar8 years8 years8 yearsN/A8 years
Maximum term – Vehicle, Cash Secured, Unsecured5 years5 years5 yearsN/A5 years
Negotiation / Administration / Origination fee$500 up to $10k
2% (min of $500) $10k to $100k
1% (min of $2,000) $100k+
$500 up to $10k
2% (min of $500) $10k to $100k
1% (min of $2,000) $100k+
$500 up to $10k
2% (min of $500) $10k to $100k
1% (min of $2,000) $100k+
N/A$500 up to $10k
2% (min of $500) $10k to $100k
1% (min of $2,000) $100k+
Late payment fee$150$150$150N/A$150
Interest rate on delinquency2% above interest rate2% above interest rate2% above interest rateN/A2% above interest rate
Credit Reports – Request for outstanding client debts$13516$13516$13516$13516$13516
Investments
 PersonalClarien+Private BankingCommercialSeniors
iTrade (Clarien Brokerage)
iTrade (Clarien Brokerage) Minimum initial Investment$5000 USD$5000 USD$5000 USD$5000 USD$5000 USD
iTrade (Clarien Brokerage) Trading and Commission fees13
U.S. Equities Commission2 cents / share2 cents / share2 cents / share2 cents / share2 cents / share
U.S. Equities Minimum Ticket Charge$15$15$15$15$15
U.S. Equities Commission Cap175%5%5%5%5%
Canadian Equities Commission4 cents CAD / share4 cents CAD / share4 cents CAD / share4 cents CAD / share4 cents CAD / share
Canadian Equities Minimum Ticket ChargeCAD 15CAD 15CAD 15CAD 15CAD 15
Canadian Equities Commission Cap175%5%5%5%5%
UK Equities Commission0.2%0.2%0.2%0.2%0.2%
UK Equities Minimum Ticket ChargeGBP 21GBP 21GBP 21GBP 21GBP 21
LSE – USD Denominated ETF Commission0.2%0.2%0.2%0.2%0.2%
LSE – USD Denominated ETF Minimum Ticket ChargeUSD 19USD 19USD 19USD 19USD 19
LSE International Order Book Commission0.2%0.2%0.2%0.2%0.2%
LSE International Order Book Minimum Ticket ChargeUSD 24USD 24USD 24USD 24USD 24
Mutual Funds Fees and Commissions
Mutual Funds Commission fee$14.95$14.95$14.95$14.95$14.95
Foreign Exchange (FX) Commission0.6 bps (Basis Points)0.6 bps (Basis Points)0.6 bps (Basis Points)0.6 bps (Basis Points)0.6 bps (Basis Points)
Foreign Exchange Minimum Ticket$17 USD$17 USD$17 USD$17 USD$17 USD
Foreign Exchange Minimum Ticket for other currencies$6 USD$6 USD$6 USD$6 USD$6 USD
Wire Payment Withdrawal fees (1 free withdrawal every 30 days)
USD Wires$10$10$10$10$10
USD Checks$4$4$4$4$4
CAD Wires12 CAD12 CAD12 CAD12 CAD12 CAD
EUR Wires8 EUR8 EUR8 EUR8 EUR8 EUR
GBP7 GBP7 GBP7 GBP7 GBP7 GBP
Margins
Rate on margin balancesBenchmark Rate (fed funds overnight) +2.5%Benchmark Rate (fed funds overnight) +2.5%Benchmark Rate (fed funds overnight) +2.5%Benchmark Rate (fed funds overnight) +2.5%Benchmark Rate (fed funds overnight) +2.5%
Credit Interest
Credit interest is paid in limited circumstances only and subject to management approval.
USD interest rate as of :  October 1st 2023
1.50%1.50%1.50%1.50%1.50%
iInvest 
iInvest Minimum Initial Investment$10,000 USD$10,000 USD$10,000 USD$10,000 USD$10,000 USD
iInvest Annual fee.75% of Portfolio value.75% of Portfolio value.75% of Portfolio value.75% of Portfolio value.75% of Portfolio value
Trading Costs:  Ticket Charge$25 per security$25 per security$25 per security$25 per security$25 per security
Trading Costs:  Market Value Charge0.10% or $30 which ever is greater0.10% or $30 which ever is greater0.10% or $30 which ever is greater0.10% or $30 which ever is greater0.10% or $30 which ever is greater
Account Closure Cost$250$250$250$250$250
iPortfolio (Clarien Investments Limited)
Initial Minimum investment$500,000$500,000$500,000$500,000$500,000
Management Fee – beginning at:1%1%1%1%1%

Notes:

1 This Fee does not apply to Seniors, Registered Charities and Iron Kids Accounts.

2 This Fee does not apply to Seniors and Registered Charities.

3 This Fee does not apply to Registered Charities.

4 If a daily minimum balance ($10,000.00 BMD/USD) is not maintained, the fee will be charged per month for Commercial Banking clients.

5 If a daily minimum balance ($500.00BMD/USD, 325.00£, 400.00€, $600.00CAD) is not maintained, the fee will be charged per month for Personal Banking clients.

6 Cheques less than $25 will not be processed.

7 ATM fees incurred for ATM usage outside of Bermuda may be applicable.

8 In-Branch Outgoing ACH (Automated Clearing House) Fee is applicable for each request.

9 If a daily minimum balance is not maintained, the fee will be charged per month for Commercial Banking clients ($5,000.00BMD/USD, 4,500.00£, 4,300.00€, $5,700.00CAD).

10 Fee waived if enrolled for e-statements.

11 Cardholder is not permitted to exceed the authorized credit limit applicable to the Account. Any transaction causing the Card Account balance to exceed the authorized limit will be declined
at the point of sale. There may be circumstances where non-transactional activity causes the Card Account balance to exceed the authorized limit, for example (and without limitation) due
to the application of fees and other charges or due to a temporary limit increase expiring. In such cases, an Overlimit Fee will be applied to the Card Account once in each billing cycle where
the Card Account balance exceeds the authorized limit.

12 An Overlimit Fee will be applied to the Card Account once in each billing cycle where the Card Account balance exceeds the authorized limit. Transactions that cause the Card Account
balance to exceed the authorized limit by more than the value of 10% of that limit will be declined at the point of sale.

13 Minimum payments are calculated as a percentage of the balance due on the Card Account plus the total amount of any delinquency, overlimit balances and any overlimit or late fees owing.
The minimum payment applicable will be the greater of $10 or the minimum payment amount calculated in accordance with this Fee Schedule.

14 Not applicable to BMD / USD Chequing and Savings Accounts for Clarien + and Private Banking customers

15 FCPT Exempt customers do not pay this tax Transactions by the following bodies are exempt from paying the Foreign Currency Purchase Tax:
the Government of Bermuda
the Bermuda Monetary Authority
the Bermuda Housing Corporation
any bank
a deposit company licensed under the Deposit Companies Act – 1974
a credit union registered under the Credit Unions Act – 1982
a trust company licensed under the Trust Companies Act – 1991
The following transactions are also exempt from the tax, with permission of the Bermuda Monetary Authority:
a payment of premium income by a local insurance company or a non-resident insurance undertaking
a remittance of pension contributions by a local pension fund

16 Credit reports are requested by Clarien Bank on behalf of the customer to clarify outstanding debts with Butterfield bank, HSBC, and Bermuda Credit Association – the charge for each entity providing debt details is $45 (3 x $45 = $135)

17 Commission is capped at 5% as a maximum for these equities

* Cheques will be placed on a 14 clearing day hold.

** USA International Fee Example – a transaction of $100 conducted in the USA will receive a fee of $0.30.

18 This fee applies to all new and existing Clarien Commercial Banking clients operating in Bermuda with company operations and core management located internationally. The fee allows us to better support your specific needs at every stage as you start up, manage or grow your business in Bermuda. Existing clients already being assessed an International Client Commercial Banking Services Fee will be contacted directly by their Relationship Manager to discuss any changes to your current charges.

19 In Person, In Bank Transfer Order fee waived for Seniors, Charities and “AND” account types.

All Bank accounts are subject to the Banks General Terms and Conditions which are located on www.clarienbank.com.

Clarien Bank Limited, through its wholly owned subsidiary companies, is licensed to conduct bank, investments, corporate service provider and trust business by the Bermuda Monetary Authority.