Banking charges
Inward transfers
| Telegraphic transfers: | Free |
| Cheque/draft collection: | USD 50 per collection (accepted at the bank’s discretion) |
Outward transfers
| Within bank: | Free | |
| Telegraphic transfers: | Manual Instructions Single currency: 0.25% (min USD 70 / max USD 100); MUR 100 Cross currency: USD 30; MUR 100; ZAR 120 (Includes overseas bank charges for USD only) | Online Banking Single currency: 0.15% (min USD 40 / max USD 60); MUR 100; ZAR 250 Cross currency: USD 25; MUR 100; ZAR 120 (Includes overseas bank charges for USD only) |
| Draft Issuance: | USD 60.00 | |
Visa debit cards
| Fees* | Multi-currency Signature card |
|---|---|
| USD** | |
| Upfront Card fee | 40.00 |
| Card Courier fee*** | 50.00 |
| Monthly fee after one year | 3.50 |
| Damaged card replacement | 40.00 |
| Lost/stolen card replacement | 40.00 |
| ATM cash fee | 5.00**** (or equivalent) |
| Minimum account balance to process application | 150 |
| Currency conversion fee (for international transactions other than the six currencies linked to the card) | 2.75% |
| Currency conversion fee (to clear account overdrafts) | 1.50% |
| Daily ATM limit - For USD, GBP, EUR, and AUD - For ZAR - For MUR | USD 1,500 equivalent ZAR 20,000 MUR 50,000 |
*All fees exclude VAT if applicable
**All fees will be in USD and charged to the linked USD account except ATM fees which will be charged in the transaction currency
***Charged if the total amount across all open accounts is less than USD50,000 (or currency equivalent) when the bank processes the card application
****Not applicable for ATM cash withdrawals within Mauritius
Others
| Online Banking: | Free |
| Maintenance fee: | USD 100 per month (only charged if the daily average balance for the month across all accounts is less than USD 50 000 (or currency equivalent)) |
| SWIFT confirmation: | Free for Online Banking or USD 10 per copy |
| Correspondent Bank Investigation: | USD 10 per query |
| Duplicate statements: | USD 5 per page – if within 12 months USD 10 per page – if after 12 months |
| Standing instructions: | USD 50 per annum in advance |
| Audit reports: | USD 75 |
| Guarantees: | Available upon request |
| Global Custodian and Brokerage service: | Available upon request |
| Escrow accounts: | Available upon request |
Notes:
- All Banking Charges are exclusive of VAT and charged in USD or the USD equivalent unless our banking charges schedule stipulates otherwise.