Personal Account
2022/2023 Schedule of Fees

These fees are effective 1 December 2022 and are subject to change. Fees are quoted in Cayman Islands Dollars (KYD) 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Please note that all debit transactions for funds withdrawn or payments to third parties, are subject to Cayman Islands Government Stamp Duty of $0.25 per item.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.

Download a copy of the Personal Account Fees. 

Account Transaction Fees

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Bill Payments at Customer Service Centres 2.00 2.40 2.00 2.40
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 0.52 0.63
Foreign Cheque or Draft Deposited (per item) 8.40 10.00 8.40 10.00
Monthly Service Fee - minimum charge Free Free 8.00 9.60
Government Stamp Duty (per debit) 0.25 0.30 0.25 0.30
Minimum Balance Fee 2.00* 2.40* Free Free
*$2 minimum balance fee applies to Legacy Builder Savings only if balance falls below $500 per month        



Transfer Between Accounts

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Over the Counter Requests 2.00 2.40 2.00 2.40
Initiated by Bank to cover overdraft 5.00 6.00 5.00 6.00

Cheque Books and Cover

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Cheque books (24 leaf) N/A N/A 5.00 6.00

Miscellaneous Fees

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Cheque Cashing at Customer Service Centres on CNB account for non CNB customers             10.00  12.00
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 amount 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 15.00 18.00 15.00 18.00
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  5.00 6.00 5.00 6.00
Online Banking Payment Corrections  2.00 2.50 2.00 2.50
Photocopying / Screen Prints of client documents per page  0.50 0.60 0.50 0.60
Physical Advice receipt for Wire Transfers (Free on 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
Caymanite account mailed paper statement 2.00 2.40 N/A N/A

Standing Orders

Account TypeSavings KYDSavings USDChequing KYDChequing 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*

Dormant & Inactive Accounts

Chequing and Savings accounts with no activity over the period of one year will be levied a KYD $4.00 (or account currency equivalent) monthly maintenance charge. Dormant accounts with no activity over the period of seven years will be levied a KYD$100.00 Dormant charge (or account currency equivalent) and the balance sent to the Cayman Islands Government as per the Dormant Account Law. 

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Monthly Maintenance Charge  6.00 7.20 6.00 7.20
Dormant Charge 100.00 120.00 100.00 120.00

Closed Accounts

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Chequing / Savings accounts closed within 3 months of being established
(not applicable to fixed deposits) 
25.00 30.00 25.00 30.00

ATM Banking

Account TypeSavings KYDSavings USDChequing KYDChequing USD
Use your credit or debit card at our ATMs to:         
Make balance enquiries Free Free Free Free
Withdraw USD or KYD - per transaction 0.50 0.60 0.50 0.60
ATM Withdrawal (at non-CNB ATMs) 4.00 4.80 4.00 4.80
Deposit Funds (ATMs at Customer Service Centres) Free Free Free Free
Transfer Funds Free Free Free Free
Access multiple savings & chequing accounts Free Free Free Free
Print mini statements Free Free Free Free

Online Banking

Account TypeSavings KYDSavings USDChequing KYDChequing 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 KYD or equivalent in debit account currency. Correspondent Bank's fee e.g. USD15, CAD15, GBP15 etc not included and is optional. 

Wire Transfers

 Account TypeSavings KYDSavings USDChequing KYDChequing 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
5,000.01 - 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 KYD 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 TypeSavings KYDSavings USDChequing KYDChequing USD
Draft Repurchase Fee 10.00 12.00 10.00 12.00
Local KYD or USD draft orders. Requested at a Customer Service Centre 8.00 9.60 8.00 9.60
Foreign draft orders        
Paid for with KYD currency - KYD 16.00        
Paid for in draft currency - see minimum charge*        
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*      
Stop payment of drafts 40.00 48.00 40.00 48.00

*20% reduction in local and foreign 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.  

Debit Cards

Card TypeVisa Classic KYDVisa Classic USDVisa Infinite KYDVisa Infinite USD
Annual Fee Free Free Free Free

Additional/Replacement Card Fee

(Please Note: Effective June 1, 2022, the Visa Classic Debit Card is discontinued. All new and replacement cards will be automatically upgraded to the Visa Infinite Debit Card.)

20.00 24.00 40.00 48.00
Express Service (Existing customers receive a new card within 24 hrs/ next business day) 20.00 24.00 Free Free
Daily account limit increase / decrease 10.00 12.00 Free Free
Debit Card Dispute Fee (initiated by customer with charge/purchase correctly made) 20.00 24.00 20.00 24.00

Credit Cards

Card TypeMasterCard Standard USDMasterCard Gold USDVisa Infinite USD
Annual Fee 45.00 95.00 350.00
Additional Card Fee 25.00 35.00 150.00
Replacement Card Fee 24.00 24.00 Free
ATM Withdrawal at any ATM (% of withdrawal amount) 2.75% -Min $5.00 2.75% -Min $5.00 2% -Min $10.00, Max $50.00
Cash Advance Fee (at any bank) % of transaction amount 2.75% -Min $5.00 2.75% -Min $5.00 2% -Min $10.00, Max $50.00
Copies of Itemised Charges 15.00 15.00 15.00
Credit Limit Increase 25.00 25.00 Free
Express Service (Existing customers receive a new card within 24 hrs/ next business day) 20.00 20.00 Free
Interest Rate/Finance Charge (APR) 20.00% 18.00% 18.00%
Late Payment Fee 40.00 40.00 45.00
Over Limit Fee 35.00 35.00 30.00
Statement Copies (within 60 days) 10.00 10.00 8.40
Statement Copies (after 60 days) 12.00 12.00 12.00
Returned Cheque Fee 30.00 30.00 30.00
Credit Card Dispute Fee (initated by customer with charge/purchase correctly made) 24.00 24.00 24.00
Activation Bonus Rewards N/A N/A 10,000 points

Fixed Deposits

   

Breakage fee before maturity

The greater of the loss of interest or KYD 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

 KYDUSD
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

Reference Letters

  KYD USD
Banker's Reference 25.00 30.00
Banker's Reference (same day) 45.00 54.00
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 +1 345 949 4655 for price quotation

Legal Fees

  
Legal Fees incurred (non-security work) Variable - min of USD 400.00 per hr or as billed by lawyers
Additional Compliance/Transaction Vetting Variable - between USD 150.00 - USD 75.00 per transaction
Executive Management (non-routine) Review Variable - between USD 200.00 - USD 500.00 per transaction