Schedule of Rates
THE BANK OF NOVA SCOTIA JAMAICA LIMITED
Retail Banking Customer Fee Guide
Effective August 1, 2020
® Registered trademark of The Bank of Nova Scotia
The information in this Schedule of Fees reflects the service charges most applicable for standard banking transactions.All charges are inclusive of General Consumption Tax which is calculated at 15%. Fees are subject to change with 45 daysnotification as per Bank of Jamaica Code of Conduct guidelines.
® Registered trademark of The Bank of Nova Scotia 1 | Schedule of Rates
Description of Charge
ELECTRONIC TRANSACTIONS - PERSONAL ACCOUNTS
Proprietary ABM - JMDUsing BNS Machines Withdrawal - Transactional Accounts
Withdrawal - Savings Accounts
$22.50
$59.00
Deposits Per Deposit FREE
Enquiry Per Enquiry FREE
$11.00
$11.00
Mini-Statement Flat Charge - Proprietary FREE
Non Proprietary ABM - JMDUsing Other Banks Machines
Withdrawal - Transactional Accounts
Declined
Declined
$32.0
$32.00
0Withdrawal - Savings Accounts Approved $59.00
Approved
Approved Declined
Approved
Declined
$59.00
Account Balance enquiry Per enquiry $34.00
Proprietary ABM - USDUsing BNS Machines
Withdrawal - Transactional AccountsWithdrawal - Savings Accounts
Per TransactionPer Transaction
US$0.35US$0.35
Deposits Per Item Fee FREEEnquiry Per Item Fee US$0.49Declined Transaction Per Item Fee US&0.1 5Using Overseas Machines (Cirrus)
Withdrawal Per Item Fee US$2.97Enquiry Per Item Fee US$0.49Declined Transactions Per Item Fee US$0.39
TELESCOTIA - TELEPHONE BANKING
Fee per transaction Transactional Accounts FREE Enquiry Per Item Fee FREE
Final Fees (Inclusive of GCT) & RatesDetails of Cost
® Registered trademark of The Bank of Nova Scotia 2 | Schedule of Rates
DEBIT CARDS (Including Visa Debit) – POINT-OF-SALE
Declined local transaction ( Proprietary & Multilink ) Proprietary Machines $12.00
Cardholder fee per International transaction (transactions going through Visa network) % of transaction amount 2.00%Declined International POS transaction Per Item Fee US$0.59
Replacement ABM Card Per Card Fee $873.61 (No charge for defective cards or retained by ABM)
SCOTIA ONLINE (Internet Banking - Personal Accounts)
Internet Banking & Mobile Banking Transfers between accounts, 3rd Party transfers FREE Account enquiry, Bill Payments, Mobile Top Up
Non BNS Customers $1,449.20BNS Customers $402.85
Description of Charge Final Fees (Inclusive of GCT) & RatesDetails of Cost
TRANSFER OF FUNDS
In-Branch transfer between accounts Flat charge per request J$1,449.20 / USD/CAD$4.19 / GBP2.93 / EUR3.66 (Transactional & Savings) Manager’s Cheque less than $1 Mil.
Flat Charge
Manager’s Cheque $1 Mil and greater Flat Charge $408.10 BNS Customer plus special charge $5,825.00 $6,152.85Manager’s Cheque $1 Mil and greater Flat Charge $1,468.10 Non-BNS Customer plus special charge $5,825.00 $7,119.20Replacement Manager’s Cheque Flat Charge $1,449.20Money Order Flat Fee (Scotia Total Access Senior - Free) $266.81Foreign Drafts Sold Flat Charge
Flat Charge $994.04
Cash for draft 1.00% of the amount, plus flat charge Duplicate Foreign Drafts Flat Charge $1,875.54Foreign Cheques Negotiated US$1.00 per cheque encashed, plus Stamp Duty USD1.00Standing Orders – Processed In Branch Set-up fee $402.85 Flat charge for each order negotiated on due date USD/CAD6.15
GBP/EUR5.30 Unprocessed for Current Accounts/Savings Accounts $402.85
Standing Orders – Processed On-Line Charge per item FREE
Wire Transfers Outgoing Wire Transfers (Swift/Telex) Initiated In Branch $3,698.85 (Telex Tolls & Com) Incoming Wire Transfers (SWIFT/TELEX) Flat charge for proceeds to JMD accounts $3,698.85 Flat charge for proceeds to Foreign Currency accounts
Transfers via RTGS Per transfer Outgoing $1,449.20
Incoming $402.85
Transactional Accounts
Savings AccountsPer transaction $12.50Per transaction $59.00
SUNDRY BANKING SERVICES
Cheque Encashment Fee Per cheque fee J$402.85
(Fee waived for PATH, Accountant General Pension USD/CAD1.3 0
NIS and Poor Relief and petty cash cheques) Holding Statements Personal Accounts $1,412.52
Cheques Dishonoured and charged back to customer’s accounts
- Local Currency Cheque, including insurance payments Flat charge per local cheque $1,569.53
- Foreign Currency Cheques Charge per foreign cheque USD$41.85 / CAD$41.85 / GBP31.40 / EUR36.63
Cash lodgements in excess of $500.00
Cash Deposits to Foreign Currency Accounts All Cash Lodgements 2.30% of amount deposited
plus foreign bank charge
NB. Charged to total amount lodged
Cheque Leaves Order Personal Accounts - per set of 100 leaves J$1,935.75
New accounts - first supply of 50 cheque leaves FREE
® Registered trademark of The Bank of Nova Scotia 3 | Schedule of Rates
% of loan amount inclusive of GCTeeF muminiM
% of unpaid amountMinimum payment
For Motor Vehicles re Stamping of 98A
For Real Estate
Credit Report (Retail & Business)$1,200.00 + $180.00 (GCT)
Credit Report (Retail & Business)$1,147.50 + $172.13 (GCT)
Cost for both Credit Bureau Reports$2,347.50 + $352.13 (GCT)
SCOTIA PLAN LOANS
Internal Processing Fee
Late Payment Fees
Registration/Stamping Fees (EXTERNAL FEES)
CREDIT BUREAU FEES (External Fees) – Effective May 1, 2018
CreditInfo Jamaica Limited
CRIF NM Assure Limited
3.50%$13,326.18
6.105%$1,725.00
1.875% of loan$500.00
1.125% of loan
$1,380.00
$1,319.63
$2,699.63
GBP/EUR1.05
Description of Charge Final Fees (Inclusive of GCT) & RatesDetails of Cost
For Motor Vehicles re Stamping of 98A
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