Service Fees and Price Guide
Current Accounts Savings Accounts
Cheque Book
Savings Account
NGN1,500
Opening Balance NGN50,000
Personal Add stamp duty : NGN50 plus VAT 5%
Account Closure No charge
Interest 3.9%
Corporate/Commercial NGN1,500
Clients Add stamp duty : NGN50 plus VAT 5%
My Dream Account
Opening Balance NGN25,000
Commission on
Interest 4%
Turnover (COT) NGN1 per mille
Cashier’s Order Savings Account: NGN500
Standing Order NGN300 or foreign currency equivalent
Statement Print NGN50 per page
Counter Cheque NGN200 flat
Withdrawals Withdrawals above three (3) times in a month would
Statement Print NGN50 per page
lead to forfeiture of interest
Stopped Cheque Charge NGN500/USD3/GBP3/EUR3
Cash Withdrawal Individuals – 3% on cumulative daily cash withdrawal above
NGN500,000
Returned Cheque Charge 0.5% of amount, subject to a maximum of NGN5,000
Charges Corporates/ Business – 5% on cumulative daily cash withdrawal
above NGN5,000,000
Account Closure No Charge
Cashier’s Order Current Account: NGN300
Foreign Currency Account
Minimum Account Opening Amount Cash Withdrawal
Current 0.5%
Personal Banking NGN50,000/ USD300/ GBP250 Minimum charge of USD10/ USD10/ EUR10. Plus 5% VAT
Priority Banking USD50,000 or equivalent in NGN/ GBP/ EUR
Tier 1/2 Zero (only available in NGN) Account to Account transfer
within SCB (3rd Party) 0.5%
Corporate (Commercial NGN250,000
Clients) Interest in line with Market Conditions Statements NGN50 equivalent per page
Gold Crest Account (CC) NGN500,000 Account Closure No charge
Non ATM usage (in-branch Cheque Book
cash withdrawal fee) NGN200 USD
On own account (amount Personal USD18
below NGN100,000) Corporate/SME USD22
GBP
Personal GBP12
Corporate/SME GBP16
Savings Accounts
EUR
eSaver 100,000-499,999.99 3.9% Personal EUR15
500,000-1,999,999.99 4.25%
2,000,000-4,999,999.99 5.75%
Over 5,000,000 7%
1
Service Fees and Price Guide
Priority Banking Other Services Continued
Relationship balance on all accounts LC Commission – Import Continued
Priority Customer USD50,000.00 (or equivalent in NGN, GBP, EUR) Establishment of 1.25% of face value
Commission for credits Plus communication charges
BTA/PTA up to 270 days
Priority Customer Commission Free
Establishment of 1.50% of face value
Commission for credits Plus communication charges
up to 360 days
Employee Banking
Other ammendment NGN2,000 flat
Personal Zero COT
Discount on loan products LC Commission – Export
Free Naira VISA Debit Card Processing & registration NGN5,000
50% discount on FCY VISA Debit Card of NXP form
Priority Zero COT Advising Commission
Discount on loan products Where a Nigerian Bank NGN2,000
Free Naira VISA Debit Card simply verifies authenticity
50% discount on FCY VISA Debit Card of credit and delivers same
Priority Pass Card
Where a Nigerian Bank NGN0.5/mille
has to rewrite the credit Minimum of USD25 or its equivalent
Other Services Transferring commission 0.50%. Minimum of USD25 or its equivalent
Bonds/Guarantees Confirming commission 1%. Minimum of NGN5,000
Bid bonds/Tender bonds 1% (one-off charge)
Performance bonds 2% per half year Negotiation 1%
Advance payment bonds 1% (one-off charge)
Bonds of customs and 2% (one-off charge)
excise Bills for Collection (Inward)
All other bonds and 2% (one-off charge) Documentary bill 2%
guarantees Minimum charge of NGN5,000 applies to all
Holding Charge:
RTGS NGN700 flat Bills NGN25,000 or below NGN2,500
LC Commission – Import Bills above NGN25,000 NGN5,000
Processing & registration NGN5,000
of form Extension NGN3,000 per bill
Amendment NGN5,000 Bills for collection - Negotiation: 0.5% of the value of the bills
Revalidation NGN5,000 Protest charge plus NGN5,000
Notary public fees
Extensions NGN5,000
Establishment of 1% of face value
commission for credits Plus communication charges
up to 180 days
2
Service Fees and Price Guide
Other Services Continued Other Services Continued
Cash Transfers/ Cash In Transit
Prime Lending Rates Cash transfer credited to NGN1,000/ USD5/ GBP3/ EUR5
SME or Personal Market driven (linked to regulatory policy) other Branch’s Suspense
A/C for payment across
Other Loan Charges counter upcountry
Management fee 1% flat one-off charge
Bill payment N100 per transaction Foreign Currency Cheque
Delayed payment charge 1% Sent on collection 1%. Minimum USD10/ GBP10/ EUR10.
on missed repayment Courier USD18/ GBP13/ EUR15.
VAT on both Professional Fees
Premature liquidation fee 5%
Foreign Statement Print Equivalent of NGN50/Page
Change of As applicable
employment fee Corporate Search Corporate NGN4,500
Affairs Commission (CAC)
Commitment fee on PIL 1% flat
Certified true copy of NGN5,000
Mortgage form CAC 2
Management fee 1% flat
Premature liquidation fee Up to 3% of the original amount. For loans that run less Certified true copy of NGN5,000
Than 5 years, a 3% fee will be applicable for full liquidation form of CAC 7
Fees Certified true copy of MOA NGN10,000
Overdraft commitment 1%
Cheque bounce protection offered at discretion of the bank. Certified true copy of NGN10,000
Fee of up to 1% on advanced sum Certificate of Incorporation
Other fees Negotiable Cards
Naira Debit Card
Reference Letters NGN2,500/ USD15/ EUR15 Issuance/ re-issuance/ NGN1,000
replacement fee
Cheque Confirmation NGN2,000
Annual fee NGN100
Salary Processing Negotiable per employer
Card usage Free on Standard Chartered Bank ATMs in Nigeria
PTA/BTA
Commission 1% International usage POS: 4%
ATM: 4% plus NGN240 per ATM withdrawal
Telegraphic Transfers
Inward Free (Offshore bank charges may apply) Visa Gold Debit Card
Issuance/ re-issuance/ NGN1,000
Foreign Statement Equivalent of NGN50/page replacement fee
Additional card NGN1,000
Amendment to USD30/ GBP25/ EUR30
Instruction Where error is at customer’s instance Limit change NGN1,000
Temporary Overdrafts Annual fees on FCY cards NGN3,000
Default rate Market driven (linked to regulatory policy) International usage POS: 3%
Minimum flat fee of NGN5,000 ATM: 3% plus NGN240 per ATM withdrawal
Processing fee Up to 1%
3
Service Fees and Price Guide
Other Services Continued Other Services Continued
Platinum Card Credit Card Fees Continued
Limit change NGN1,000 Gold Platinum
International usage POS: 3%
ATM: 3% plus NGN240 per ATM withdrawal Monthly interest rate 2.50% 2.35%
Issuance/ re-issuance/ NGN1,000 Cash advance fee 4% of withdrawal 4% of withdrawal
replacement fee amount or NGN400 amount or NGN400
(whichever is higher) (whichever is higher)
Additional card NGN1,000
Statement copy fee NGN50 NGN50
Annual fees on FCY cards NGN3,000 or FCY equivalent
Card replacement fee NGN2,500 NGN2,500
Visa Business Card Returned cheque fee NGN3,000 NGN3,000
Issuance/ re-issuance/ NGN1,000
replacement fee Exceeding the set credit limit fee NGN3,000 NGN3,000
Additional card NGN1,000 Late payment fee NGN2,000 NGN2,000
Limit change NGN1,000 International transaction charge 4% 4%
Annual fees on FCY cards NGN3,000 or FCY equivalent Please note that all these charges are subject to change by the bank.
International usage POS: 3%
ATM: 3% plus NGN240 per ATM withdrawal Other Fees and Charges
SMS alerts NGN4 per alert
Infinite Card (By Invitation Only) Low denomination 1.5% of value of cash lodged
Issuance/ re-issuance/ NGN1,000
replacement fee Euro deposit charges In Euro denominations of 5, 10, 20 and 50 euros
Additional card NGN1,000 NEFT charges:
NGN0-499,999.99 NGN70
Limit change NGN1,000 NGN500,000-10,000,000 NGN100
NGN10,000,000+ NGN500
Annual fees on FCY cards NGN3,000 or FCY equivalent Interbank transfer NGN100 flat
(Online Banking)
International usage POS: 3%
ATM: 3% plus NGN240 per ATM withdrawal Term deposits:
Pre-mature liquidation within 15 days: forfeiture of all accrued interest due
Pre-mature liquidation after 15 days but before maturity: 20% on interest accrued
Credit Cards
Gold Platinum
Annual fee (Primary card) NGN5,000 NGN10,000
Annual fee (Supplementary card) NGN2,500 NGN3,500
Monthly administration fee NGN250 NGN250
