Business Accounts
Rates and Fees
These fees are effective 1st November 2020 and are subject to change. Fees are quoted in Hong Kong Islands Dollars (HKD) and United States (USD) Dollars. Accounts held in other currencies will be charged at equivalent rates.
Please note that all debit transactions for funds withdrawn or payments to third parties, are subject to Hong Kong Islands Government Stamp Duty of $0.25 per item. Examples of such items are Cash Withdrawals, Cheques, Debit Card purchases/ATM withdrawals, Wire Transfers, Drafts, Bill Payments, etc.
Account Transaction Fees 
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Bill Payments at Customer Service Centres | 2.00 | 2.40 | 2.00 | 2.40 |
| Utility/Common Payee Fee (per credit) | 1.00 | 1.20 | 1.00 | 1.20 |
| Debit Card ATM Withdrawal | 0.50 | 0.60 | 0.50 | 0.60 |
| Point of Sale transactions | 0.20 | 0.24 | 0.20 | 0.24 |
| Debit Entry Fee | 2.00 | 2.40 | 2.00 | 2.40 |
| Cheques | N/A | N/A | 1.25 | 1.50 |
| Deposits & Credits | Free | Free | 0.75 | 0.90 |
| Foreign Cheque or Draft Deposited (per item) | 8.40 | 10.00 | 8.40 | 10.00 |
| Monthly Service Fee - minimum charge | 1.00 | 1.20 | 12.00 | 14.40 |
| Government Stamp Duty (per debit) | 0.25 | 0.30 | 0.25 | 0.30 |
Transfer Between Accounts
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Over the Counter Requests (not applicable to fixed deposits) | 2.00 | 2.40 | 2.00 | 2.40 |
| Initiated by Bank to cover overdraft | 5.00 | 6.00 | 5.00 | 6.00 |
Cheque Books & Cover
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Cheque books - 50 leaf - end stub | N/A | N/A | 12.50 | 15.00 |
| Cheque books - 99 leaf | N/A | N/A | 25.00 | 30.00 |
| Cheque book cover | N/A | N/A | 5.00 | 6.00 |
| Cheque books - 3 ring binder | N/A | N/A | 35.00 | 42.00 |
Miscellaneous Fees
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Cheque Cashing at Customer Service Centres on CNB account for non CNB customers HKD 5.00 / USD 6.00 | ||||
|
Cash handling - USD $5,000 or over for CNB account holder (Cash handling maximum for non CNB account holders is USD $500 or currency equivalent) |
1% | 1% | 1% | 1% |
| Cash handling - Foreign Currency cash (GBP, CAD, EUR) for any amounts | 1% | 1% | 1% | 1% |
| Incoming Coin Handling on amounts equal or greater than $200 (Applicable to all Customer Service Centres except for Elgin Ave & Sister Islands CSCs ) |
5% | 5% | 5% | 5% |
| Copy of Last Statement | 10.00 | 12.00 | 10.00 | 12.00 |
| Courier Charges | 37.00 | 45.00 | 37.00 | 45.00 |
| Excess Overdraft Fee (per 1st occurence & after each 14 calendar days of excess) |
N/A | N/A | 20.00 | 24.00 |
| Mailed paper statements | 3.00 | 3.60 | 3.00 | 3.60 |
| Online Banking Payment Corrections | 2.00 | 2.50 | 2.00 | 2.50 |
| Photocopying / Screen Prints of client documents per page (Applicable to easily located items such as cheque images, duplicate deposits etc) |
0.50 | 0.60 | 0.50 | 0.60 |
| Physical Advice Receipt for Wire Transfers (Free via Online Banking) | 3.00 | 3.60 | 3.00 | 3.60 |
| Research within the past 6 months (Per hour, min 1 hour) | 25.00 | 30.00 | 25.00 | 30.00 |
| Research older than 6 months (Per hour, min 1 hour) | 50.00 | 60.00 | 50.00 | 60.00 |
| Return Cheque - drawn on CNB | 25.00 | 30.00 | 25.00 | 30.00 |
| Deposited Cheque - returned | 25.00 | 30.00 | 25.00 | 30.00 |
| Statement Print-outs | 7.00 | 8.40 | 7.00 | 8.40 |
| Special Statements (per statement) | 10.00 | 12.00 | 10.00 | 12.00 |
| Stop Payment of Cheques | N/A | N/A | 20.00 | 24.00 |
| Direct Debit - 'NSF' (applicable to submitting company) | 10.00 | 12.00 | 10.00 | 12.00 |
Standing Orders
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Government Stamp Duty to Establish | 6.00 | 7.20 | 6.00 | 7.20 |
| Set-up Fee | 5.00 | 6.00 | 5.00 | 6.00 |
| Amendment Fee | 5.00 | 6.00 | 5.00 | 6.00 |
| Internal | ||||
| Between Accounts (per execution) | 6.00 | 7.20 | 6.00 | 7.20 |
| Loan Payments | Free | Free | Free | Free |
| External | ||||
| Per Execution Due Date (Plus fee for draft, electronic funds transfer to local bank or wire transfer as applicable) | 6.00 | 7.20 | 6.00 | 7.20 |
| Payroll | ||||
| When crediting CNB accounts (per transaction) | 1.25 | 1.50 | 1.25 | 1.50 |
| When crediting non-CNB accounts (per transaction) | 3.00 | 3.60 | 3.00 | 3.60 |
| Same day processing | 30.00 | 36.00 | 30.00 | 36.00 |
Dormant & Inactive Accounts
Chequing and Savings accounts with no activity over the period of one year will be levied a HKD $4.00 (or account currency equivalent) monthly maintenance charge. Dormant accounts with no activity over the period of seven years will be levied a USD$100.00 Dormant charge (or currency equivalent) and the balance sent to the Hong Kong Islands Government as per the Dormant Account Law.
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Monthly Maintenance Charge | 4.00 | 4.80 | 4.00 | 4.80 |
| Dormant Charge | 100.00 | 120.00 | 100.00 | 120.00 |
Closed Accounts
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Chequing / Savings accounts closed within 3 months of being established (not applicable to fixed deposits) |
25.00 | 30.00 | 25.00 | 30.00 |
Online Banking
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Monthly Fee | Free | Free | Free | Free |
| Transfer funds between own accounts | Free | Free | Free | Free |
| Transfer funds to other CNB account holders | Free | Free | Free | Free |
| Electronic Funds Transfer (to local Banks) | Free | Free | Free | Free |
| Bill Payments | Free | Free | Free | Free |
| Electronic advice receipt for wire transfers | Free | Free | Free | Free |
| Statement Print-outs | Free | Free | Free | Free |
| Drafts - 20% fee discount (applicable to drafts in all currencies offered) | ||||
| Outgoing Wire Transfers ordered via Online Banking (Prevailing foreign exchange rates apply for purchase of foreign currencies) |
||||
| Amount | ||||
| Up to 5,000 | 44.00 | 52.80 | 44.00 | 52.80 |
| 5,00.01 - 100,000.00 | 60.00 | 72.00 | 60.00 | 72.00 |
| 100,000.01 and above | 120.00 | 144.00 | 120.00 | 144.00 |
Band amounts are in wire currency e.g. USD, CAD, GBP, EUR. Charges are applied in HKD or equivalent in debit account currency. Correspondent Bank's fee e.g. USD15, CAD15, GBP15 etc not included and is optional.
Wire Transfers
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Outgoing Wire Transfers (ordered over the counter.) See reduced fees when ordered via Online Banking (Prevailing foreign exchange rates apply for purchase of foreign currencies) |
||||
| Amount | ||||
| Up to 5,000 | 55.00 | 66.00 | 55.00 | 66.00 |
| 5,00.01 - 100,000.00 | 75.00 | 90.00 | 75.00 | 90.00 |
| 100,000.01 and above | 150.00 | 180.00 | 150.00 | 180.00 |
| Band amounts are in wire currency e.g. USD, CAD, GBP, EUR. Charges are applied in HKD or equivalent in debit account currency. Correspondent Bank's fee e.g. USD15, CAD15, GBP15 etc not included and is optional. | ||||
| Returned Wire | 10.00 | 12.00 | 10.00 | 12.00 |
| Correspondent bank return payment fee | 42.00 | 50.00 | 42.00 | 50.00 |
| Repair Wire | 10.00 | 12.00 | 10.00 | 12.00 |
| Investigation Fee (includes returned, amended & repaired wires) |
45.00 | 54.00 | 45.00 | 54.00 |
| Incoming Wire Transfers (Applicable to amounts $1,000 and greater. For currencies GBP, CAD, EUR, 6.00 currency units will be charged) |
6.00 | 7.20 | 6.00 | 7.20 |
| Wire Confirmation (per confirmation) |
15.00 | 18.00 | 15.00 | 18.00 |
Draft Orders
| Account Type | Savings HKD | Savings USD | Chequing HKD | Chequing USD |
|---|---|---|---|---|
| Draft Repurchase Fee | 10.00 | 12.00 | 10.00 | 12.00 |
| Local HKD or USD Draft Orders Requested at a Customer Service Centre |
8.00 | 9.60 | 8.00 | 9.60 |
| Stop Payments of Drafts | 40.00 | 48.00 | 40.00 | 48.00 |
| Minimum Charge | |
|---|---|
| Foreign Draft Orders | |
| Paid for with HKD currency - HKD 16.00 | |
| Paid for in draft currency: | |
| Amount | |
| 1 - 999.99 | 6.00 |
| 1,000 - 4,999.99 | 10.00 |
| 5,000 - 14,999.99 | 15.00 |
| 15,000 - 49,999.99 | 20.00 |
| 50,000 - 999,999.99 | 35.00 |
| 1,000,000 - 4,999,999.99 | 350.00 |
| 5,000,000 and above | 800.00 |
| 20% reduction on all draft fees if requested via Online Banking. Band amounts are in draft currency e.g. USD, CAD, GBP, EUR. Charges are applied in draft currency or equivalent in debit account currency. |
Merchant Services
Suncast Capital Brokerage is one of the largest collection and processing agents in the Hong Kong Islands for MasterCard, Visa, Discover, EVERTECH ATH, Diners Club, UnionPay and BC card. This service is offered at competitive discount rates and Electronic Data Capture assures you of next-day availability of funds if the transactions are settled by 7:00pm Monday-Friday, excluding Bank holidays. Suncast Capital Brokerage also collects and processes American Express. Please contact our Merchant Representative at +1345 949 8300 for more information about our fixed line, wireless and IP terminals.
Credit Cards
| Visa Business Card USD | |
|---|---|
|
Annual Fee (per card) |
100.00 |
| Card Replacement | 24.00 |
| ATM Withdrawal at any ATM - % of withdrawal amount | 2% - Min $5.00 |
|
Cash Advance Fee at any bank - % of transaction amount |
2% - Min $5.00 |
| Copies of Itemised Charges | 15.00 |
| Credit Limit Increase | 25.00 |
| Express Service (existing customers receive a new card within 24 hours / next business day) | 18.00 |
| Interest Rate / Finance Charge (APR) | 16.08% |
| Late Payment Fee | 40.00 |
| Statement Copies (within 60 days) | 8.40 |
| Statement Copies (after 60 days) | 12.00 |
| Returned Cheque Fee | 24.00 |
| Credit Card Dispute Fee (initiated by customer with charge/purchase correctly made) | 24.00 |
Fixed Deposits
| Account Type | ||
|---|---|---|
|
Breakage fee before maturity The greater of the loss of interest of HKD 250 (or currency equivalent), plus 2% of the principal (*At the bank's discretion the cost of replacement funding may also apply) |
Safe Deposit Boxes
| Account Type | HKD | USD |
|---|---|---|
| Small | 45.00 | 54.00 |
| Medium | 70.00 | 84.00 |
| Large | 100.00 | 120.00 |
| Extra Large | 200.00 | 240.00 |
| Jumbo | 300.00 | 360.00 |
| Box fees are per annum. Not all sizes are available at all Customer Service Centres and are subject to availability | ||
| Box Drilled Open | 200.00 | 240.00 |
| Replacement Keys | 50.00 | 60.00 |
| List of Contents for estate purposes (per hour, per employee) | 50.00 | 60.00 |
Night Deposit Service
| Account Type | HKD | USD |
|---|---|---|
| Night Deposit Service Annual Fee | Free | Free |
| Disposable Bags (per batch of 50 bags) | 12.50 | 15.00 |
Reference & Audit Letters
| Account Type | HKD | USD |
|---|---|---|
|
Banker's Reference |
25.00 | 30.00 |
| Banker's Reference (same day) | 45.00 | 54.00 |
| Audit Confirmations | 40.00 | 48.00 |
|
Tax Letters (EU Tax Savings Directive, UK & US FATCA and FBAR) |
50.00 | 60.00 |
|
Regulatory Reporting (EU Tax Savings Directive, UK & US FATCA and FBAR) |
25.00 | 30.00 |
Collections
Please call +1345 949 4655 for price quotation
Legal Fees
| Legal Fees incurred (non-security work) | Variable, Min. of USD 400.00 per hour or as billed by lawyers |
| Additional Compliance / Transaction Vetting | Variable, between USD 150.00 - USD 750.00 per transaction |
| Executive Management (non-routine) Review | Variable, between USD 200.00 - USD 500.00 per transaction |