Emerging Businesses Domiciliary Account

Emerging Businesses Domiciliary Account

This is a foreign currency account with a cheque facility that allows for 3rd party cash withdrawals and pays interest on deposit. The account also offers free SMS alerts and free inward transfers from overseas.

FEATURES INDIVIDUAL CUSTOMERS MSME CUSTOMERS
Strict minimum operating balance
  • $ 100
  • €100
  • £100
  • $ 150
  • €150
  • £150
 Interest Rate on Credit Balances  0.25% Per Annum
 Cash Withdrawal Charges  0.25% Flat on Total  Amount Withdrawn
 Account to Account Transfers
  • Branch -1% Flat
  • Diamond Online – 0.75%
 SWIFT Transfer Inwards Charges  Free
 SWIFT Transfer Outwards  Charges
  •  Branch - 1% on Amount Transferred or $10 or its equivalent in GBP and Euro,
    (whichever is higher) plus telex charge of $40
  • Diamond Online – 0.75% on Amount Transferred or USD10 its equivalent in GBP
    and Euro, (whichever is higher) plus telex charge of $40
 Correspondent bank charge $25 (or its equivalent in euro or GBP, to be paid either by the sender or

beneficiary for all outwards transfers)

 Maximum Daily Transfer Limit  $10,000 (or its equivalent in Euro or GBP)
Cash transfer Limit Daily transfer limit- $10,000(or its equivalent in Euro or GBP)

Monthly transfer limit - $50,000( or its equivalent in Euro or GBP)

Foreign Draft Purchase 0.25% Flat on Draft Purchase subject to a Minimum of USD 10 or a

Maximum of USD 100 ( or its equivalent in Euro or GBP)

Statement of Account and Transaction Alerts Free Monthly  Statement  of Account

Free SMS Alerts

Open a Domiciliary Account