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Revised Tariff Effective 1St January, 2020

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Revised Tariff Effective 1St January, 2020 REVISED TARIFF EFFECTIVE 1ST JANUARY, 2020 ITEM 1st January, 2020 3). Decline ATM Cash withdrawal insufficient funds NATSWITCH MWK 300.00 STANDING ORDERS/DIRECT DEBITS ii) Establishment comm on LC 5). Letters of Guarantee FREE SERVICES 4). Declined ATM Cash withdraw insufficient funds(internationally) $2.00 i). Establishment MWK 3,850.00 with cash cover 1.5% per 3 month or part thereof Min. K50,000 i) Establishment fee for Guarantees by Bank 2.% per 6 months, min MWK56,000 1). Eazysave monthly fees Free 5). ATM Balance enquiry NATSWITCH MWK 150.00 ii). Processing (internal) MWK 3,000.00 iii) Swift charge on LC establishment MWK 42,600.00 ii) Extension of Guarantee As aplicable to Issuance. 2). Youth Savings monthly fees Free 6). ATM cash transaction NATSWITCH MWK 450.00 iii). processing insurance companies premiums 3% of total amount, deducted from iv) LC ammendment fee MWK 42,300.00 (Processing fee for Issuance = 2% Min MK46,000 3). Eazy Alimi monthly fees Free 7). ATM Balance enquiry( international) $2.00 aggregate amount, Min MWK3000 per transaction v) Accepted draft 1% per month min MWK30,000 iii) Shipping Guarantee 2.% per 6 months, Min K55,000 4). Senior Savers Monthly fees Free 8). PIN Mailer Reproduction/ E-Pin reset MWK 2,000.00 iv). processing for other banks (per transaction) MWK 4,600.00 vi) Swift on ammendment MWK 31,500.00 iv) Bonds/other Guarantees 2% per 6 months, Min K53,000 5). Student Account monthly fees Free 9). ATM Balance Inquiry (NBS ATMs) MWK 125.00 v). Reversal of not provided for (NPF) Loans /insurance premiums (per reversal) MWK 60,500.00 vii) Lc extension fee 1% per month or part thereof for LCs v) Advance working Capital Bonds/ Performance Bonds 2.15% per 6 months, K69,500 6). Illovo staff monthly fees Free 10). ATM Ministatement MWK 300.00 vi). Standing order ammendment MWK 3,000.00 without cash upfront min K40,250 vi) Guarantees executed under company seal 2.15% per 6 months, K69,500 7). Forex purchase Free 11). NBS ATM decline due to insufficient funds MWK 100.00 vii). Direct Debits within the bank per debit MWK 600.00 viii) Drawing 1.15% min MWK23,000, max MWK46,000 vii) Guarantee commitment fee 0.65% min K55,000 8). Third party cheque encashment Free viii) Foreign Guarantee Issued 2% flat 9). Cheque deposit local Free POINT OF SALE TRANSACTIONS(DEBIT CARDS) SAFE CUSTODY LETTER OF CREDIT- INWARD 10). Cash Deposit at Bank Pafupi Free 1). Point of sale transactions local Free i). Open Packet bi annual MWK 32,000.00 i) Processing commission 1.15% min MWK28,500 Sundry Charges 2). Point of sale transactions international Free ii). Sealed Packet bi annual MWK 35,000.00 ii)Advising/ ammendment MWK 43,200.00 1). Transfer between two Accounts within NBS Bank MWK 3,500.00 3). Online transactions MWK 1,500.00 iii). Small Deed Box bi annual MWK 37,000.00 iii)Negotiation 1.15% min MWK26,200 2). Sweeping establishment fee MWK 41,500.00 Free Digital Services Free iv). Large Deed Box bi annual MWK 51,000.00 iv)Cancellation MWK 41,300.00 3). Sweeping charge per sweep per account MWK 2,000.00 11). Smart app (Free balance inquiry, monthly fees, funds transfer) Free VISA TRANSACTIONS v). Inspection per inspection MWK 15,500.00 v)Discrepant documents MWK 30,400.00 12). Eazymobile 322 funds transfer Free vi). Wills held on behalf of customers bi annual MWK 19,500.00 vi) Courier Service courier rate after surtax plus 30% 4). Statement e-mailer 13). Corporate Internet Banking Free Visa Debit Card Charges vii) Confirmation 1.1% min MWK36,300 i) Statement e-mailer -once off Free 14). Cardless, EazyAp, Eazy mobile, SMS Alert for students Free 1). Visa Red New card MWK 7,000.00 EXCHANGE CONTROL viii) Swift MWK 32,500.00 ii)Statement e-mailer- Monthly charge for weekly statement Free 15). Statement emailer Free 2). Visa Red Monthly Fees MWK 550.00 i). Application-Local MWK 6,000.00 ix) Accepted draft MWK 27,500.00 iii) Statement e-mailer-Monthly per occurrence Free 16). ATM Cashwithdrawal, EazyApp, Eazymobile, SMS alarts for bundled customers Free 3). Visa Silver Card MWK 10,000.00 ii). Application-RBM MWK 23,000.00 v) Statement e-mailer-Monthly charge for daily statement Free 17). Point of sale transactions local Free 4). Visa Silver Monthly Fees MWK 600.00 iii). CD 1 forms customer processed MWK 36,000.00 FCDAs 18). Point of sale transactions international Free 5). Visa Gold New Card MWK 15,000.00 iv). CD 1 Forms Bank processed MWK 10,500.00 i) Transfer from FCDA to MWK account of another bank 1.15% min K5000, Max K29,900 5). Processing of salaries 6). Visa Gold Monthly Fees MWK 700.00 - transfer up to 3pm MWK 13,500.00 i) Salary Processing Fees-Manual per credit MWK 3,800.00 CURRENT ACCOUNTS 7). Visa Platinum New Card MWK 18,000.00 FOREIGN NOTES SALES & PURCHASES - transfer after 3pm MWK 34,500.00 ii) Salary Processing Fees- Electronic per credit MWK 750.00 1). Cheque Books 8). Visa Platinum Monthly fees MWK 800.00 i). Foreign Notes sales 1.15% min MWK5,000, Max MWK50,000 ii) Payment via SWIFT from Vostro account 1.2% min MWK3,960 max MWK24,000 iii) Allowance processing MWK 750.00 a) 50 pages silver MWK 10,500.00 ii). Sales Against FCDA Balances transfer to other banks 1.15% Flat iii) Transfer from FCDA to current account b) 50 pages Gold MWK 11,300.00 Visa Gold Credit Card iii). Foreign notes Purchase free maintained within NBS Bank free 6). Recalled salary c) 50 pages platinum MWK 12,000.00 1). New card MWK 44,400.00 iv) Transfer from FCDA to another bank in foreign currency other transactions USD38/transfer Recalled salary within NBS Bank MWK 5,500.00 d) 100 Pages MWK 24,200.00 2). Renewal MWK 44,400.00 MULTI-CURRENCY CASH PASSPORT CARD v) Transfer from FCDA to another bank processing salary USD9/employee e) 200 pages MWK 45,600.00 3). Annual fees MWK 22,200.00 i). Commission on FCY sale 1.5% min K5400 vi) Dishonoured Foreign cheque USD 66 plus agent bank charges 7). Tobacco proceeds 2). Account statement charge per page MWK 5,000.00 4). Late payment penalties(USD) MWK 37,000.00 ii). New Card Cost( Once off) $15.00 vii) Returning Funds $48.00 i) Tobacco proceeds processing fee per entry MWK 2,500.00 3). Dishonoured cheques MWK 75,300.00 5). Over limit fees MWK 37,000.00 iii). Purchase 1.2% min K3900. viii) Swift message $36.00 ii) Tobacco proceeds stop order fee MWK 1,700.00 4). Account closure within 6 months fees MWK 8,500.00 6). Pin mailer reproduction MWK 3,700.00 iv). Additional card fee(MasterCard) $5.00 ix) Postage on Foreign cheque deposited to FCDA $34.00 iii) Account number confirmation to AHL MWK 500.00 5). Monthly Service Fee 7). International ATM withdrawal MWK 4,500.00 v). Reload fee(MasterCard) USD2/EUR2.5% x) Certificate of Balances $43.00 8). Replacement of Lost or Stolen Bank Cheque MWK 26,400.00 a) Silver Current Account bundled MWK 4,500.00 8). ATM Cash withdrawal Domestic MWK 1,500.00 xi) Copy Statement-per page same year $23.00 9). Identification Letter to Bank MWK 22,500.00 b) Silver Current Account unbundled average minimum balance of K20,000 or penalty DRAFTS AND TRANSFERS 1 to 2 years $36.00 10). Request to Investigate a Transaction charge of K3,500 2 to 7 years $60.00 USSD 1). Local -Outward i) Transaction investigation Less than 6 months MWK 14,500.00 c) Gold Current Account bundle MWK 11,000.00 SMS Alerts Monthly Fees For unbundled MWK 850.00 a) Commission( to any bank within Malawi other than NBS) 1.5% min K5,000 max K20,000 xii) Investigating beyond 6 months $74.00 ii) Transaction investigation Beyond 6 months MWK 27,800.00 d) Platinum Current Bundle MWK 19,000.00 b) ATS Transfer to banks within Malawi up to 15:00 hrs 1.5% min K5,000 max K20,000 xiii) Account closure fee $42.00 11). Certificate of Balance MWK 32,000.00 e) Micro and Small Enterprise Current Account MWK 10,000.00 EAZYMOBILE 322 c) ATS Transfer to banks within Malawi After 15:00 hrs MWK 39,600.00 12). Immediate credit (Other Banks cheque) MWK 55,200.00 f) Medium Enterprise Current Account MWK 16,500.00 Balance Enquiry MWK 100.00 2). Foreign -Outward LENDING g) Micro and Small Enterprise Current Account bundle MWK 11,000.00 Statement MWK 100.00 a) Commission on Fcy Payment 1.2% min. K9,000 Max. K36,000 1). Mortgage Other fees 13). Confidential Report h) Medium Enterprise Current Account bundle MWK 19,500.00 Intra-Bank Transfer Free b) Swift charge MWK 21,000.00 i) Early Mortgage Redemption fee MWK 25,800.00 i) Confidential Report Local MWK 38,000.00 i) Association/ Trust/ Clubs MWK 8,000.00 Inter-Bank Transfer (from any platform) MWK 800.00 c) MT 110 MWK 11,700.00 ii) Withdrawal of Approved Loan MWK 34,500.00 ii) Confidential Report foreign MWK 47,000.00 j) Corporate Current Account MWK 20,000.00 Cardless Withdrawal MWK 150.00 d) MT 112 MWK 11,700.00 iii) Title Deed Photocopy MWK 20,700.00 14).
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