Account Charges An account opening administration fee of £30 is charged for current accounts. An account charge of £6 is payable monthly for current accounts and this is debited to current accounts on the 15th (or next business day). If the overdrawn balance in your account has not been agreed with us in advance, then a higher rate of interest will apply, together with an administration fee. This rate of interest will be at our Base Rate plus 15% p.a, and the administration fee will be £12 per month for unauthorised overdraft balances of between £20 and £500, and £25 per month for unauthorised overdraft balances of over £500, plus an advice fee of £15 (letter, fax or telephone). Overdraft interest is charged on a quarterly basis, and 14 days’ notice is given on the amount to be debited. Our current Base Rate, BBVA Visa Credit Card interest rates, and rates of interest for savings accounts, are displayed in our branches. Our current Base Rate also appears daily in the “Financial Times”. Cheques and Money Transfers Bankers Drafts and foreign currency cheques (Plus foreign exchange commission where applicable):
£1.50 per £1,000
Min £15 –Max £75 Money transfers: - SWIFT transfers worldwide and same day value transfers in UK (CHAPS):
£1.75 per £1,000
Min £20-Max £100 - Plus advice by fax (Plus foreign exchange commission where applicable):
£10 - Spanish Link Account (International) transfers up to Euros 12,500:
- Instructions sent by post or made by telephone, fax or email: £10
- Instructions made via BBVA Net internet banking: £7
- Spanish Link Account (International) transfers in excess of Euros 12,500:
£1.75 per £1,000
Min £20–Max £100 - BBVA Net transfers within BBVA London and other sterling domestic payments in the UK are FREE of charge.
N.B. foreign banks may deduct a commission on receipt of funds
Foreign Currency
Our rates and commissions for buying and selling foreign currency notes are displayed in our branches. Our foreign exchange commission (spot) is £1 per £1,000 min £5. No commission is charged on the purchase or sale of Euro notes. Foreign bank notes paid into or withdrawn from a foreign currency account are subject to a commission of 0.50%. Other Charges Domestic Standing Orders (*):£1 (If made via BBVA Net, FREE of charge) International Standing Orders (*):£1.75 per £1,000 Min £20-Max £100
Direct Debits (**):No charge
Stop Payment of a cheque:£10
Cheque returned unpaid:
- Customer cheque or direct debit: £25
Cheque paid in:£15
Certificate of account balance:£10
Additional copies of a statement:£5 per statement
Retained correspondence:£50 per annum
Requesting transfer from Spain:
- (BBVA Group) by telephone, telex/fax:
£15 (up to £500)
£20 (over £500)
Audit report/Response to status enquiries:£25 BBVA VISA card terms and conditions, including rates of interest and annual fees are set in the leaflets containing the relevant application forms. The CLASSICcard Annual fee is £10 and the PREMIERcard annual fee is £40. Services via Cash Machines - BBVA DELTA debit card withdrawals within the UK are FREE of charge.
- BBVA DELTA debit card withdrawals overseas £1.50
- BBVA VISA credit card cash withdrawals attract a commission of £1.50 per £100 which is debited to the VISA card account.
Overdraft, personal loans, mortgage loan interest rates and charges available on request. Safe deposit box charges: Available on request and set out in a separate leaflet.
(*) These are instructions given to us by you to pay a fixed amount to a third party on a regular basis.
(**) These are authorities given by you to a third party to collect variable amounts from your account with us. Safe custody and Administration Custody fees: Standard Fee (on the portfolio of consideration) 0.25% plus VAT per annum, min £35 plus VAT Investments Investment Funds Custody fees:(On all Funds) ON the CONSIDERATION of the PORTFOLIO 0.25% min £50 annum/customer plus VAT. SUBSCRIPTION COMMISIONS According to the following tables: Investment Funds Onshore Stock Exch. Bonds Annual Stock Exch. Annual Bo Aberdeen | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.25 3.00 2.75 2.50 | 3.25 3.00 2.75 2.50 | 1.50 | 1.25 | ACM (American Growth GBP only) | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 4.00 3.75 3.50 3.25 | 4.00 3.50 3.25 3.00 | 1.25 | | Fidelity | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 4.75 4.50 4.25 4.00 | 3.75 3.75 3.50 3.25 | 1.50 | 1.15 | Gartmore | £1,000 to 10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.25 3.00 3.00 2.75 | 3.25 3.00 3.00 2.75 | 1.50 | 1.50 | Invesco (*) | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.75 3.50 3.25 3.00 | 3.75 3.50 3.25 3.00 | 1.50 | 1.50 | MLIM | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 4.25 4.00 3.75 3.50 | 3.25 3.25 3.00 2.75 | 1.50 | 0.75 to 1 |
(*) Discounts included Investment Funds Offshore Stock Exch. Bonds Annual Stock Exch. Annual Bo Aberdeen | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.00 2.75 2.50 2.25 | 3.00 2.75 2.50 2.25 | 1.50 | 1.25 | ACM (American Growth GBP only) | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.75 3.50 3.25 3.00 | 3.75 3.25 3.00 2.75 | 1.25 | | Fidelity | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 4.50 4.25 4.00 3.75 | 3.50 3.50 3.25 3.00 | 1.50 | 1.15 | Gartmore | £1,000 to 10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.25 3.00 2.75 2.50 | 3.25 3.00 2.75 2.50 | 1.50 | 1.50 | Invesco (*) | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 3.50 3.25 3.00 2.75 | 3.50 3.25 3.00 2.75 | 1.50 - 2 | 1.50 | MLIM | £1,000 to £10,000 £10,000 to £25,000 £25,000 to £50,000 Over £50,000 | 4.00 3.75 3.50 3.25 | 3.00 3.00 2.75 2.50 | 1.50 | 0.75 to 1 |
(*) Discounts included SELLING COMMISSION NO CHARGE Bills and Documentary Credits (For Customers) EXPORT BILLS CLEAN BILLS 0.15% min £20 max £150 DOCUMENTARY BILLS 0.25% min £25 max £200 IMPORT BILLS CLEAN BILLS 0.10% min £20 max £100 ACCEPTANCE AND PAYMENT 0.20% min £40 max £200 DOCUMENTARY COLLECTION 0.15% min £30 max £200 ACCEPTANCE AND PAYMENT 0.25% min £50 max £300 DOCUMENTARY CREDITS OPENING (per quarter or part thereof) 0.25% min £50 no max PAYMENTS 0.10% min £40 no max AMENDMENTS £35 flat fee ACCEPTANCES (per month or part thereof) 0.15% min £40 no max GUARANTEES MISSING BILLS of LADING (per quarter or part thereof) 0.125% min £20 no max OTHERS (per quarter or part thereof) WITH cash cover 0.25% min £35 no max WITHOUT cash over 0.50% min £35 no max PLUS OTHER CHARGES as follows POSTAGE Inland £2 Europe £3 Rest of the world £5 Per TELEX £10 Per OPENING LETTER of CREDIT £15 Per S.W.I.F.T £15 Per DELIVERY ORDER £25 Account and Overdraft fees ACCOUNT CHARGES PERSONAL CUSTOMERS £25 half yearly CORPORATE CUSTOMERS At our discretion OPENING ACCOUNT FEE £25 CLOSING ACCOUNT FEE £10 Purchase / Sale equities (all exchanges) and gilts Commission Charges per Transaction: ON the FIRST £5,000 of CONSIDERATION 1.5% (Min £40 per transaction) ON the NEXT £17,000 of CONSIDERATION 1.0% ON the BALANCE of any TRANSACTION 0.5% The following additional charges are imposed by UK Government: Stamp Duty Reserve Tax: All trades settled by CREST 0.5% on equity purchases (rounded up to the nearest 1p). Other UK equity purchases 0.5% minimum £5, rounded up to the next multiple of £5. Irish equity purchases 1.0%. Dividend Payments: Registered Stocks (of amount received) 0.5% min £10 Bearer Stock (of amount received) 2.0% min £10 Right Issues of amount subscribed 0.25% min £10 Fixed Rate Bonds Fixed Rate Bonds NON U.K.(inc. Eurobonds, foreign bonds and domestic government bonds) ON the FIRST £10,000 of CONSIDERATION 0.50% (Min £40 per transaction) ON the NEXT £40,000 of CONSIDERATION 0.25% ON the BALANCE of any TRANSACTION 0.125% Fixed Rate Bonds U.K. ON the FIRST £5,000 of CONSIDERATION 1.50% ON the NEXT £17,000 of CONSIDERATION 1.00% ON the BALANCE of any TRANSACTION 0.50% Bonus Issues of amount subscribed 0.25% min £10 Other Charges Connected Transfer stock in FREE Duplicate tax certificate, statement or valuation £15 + VAT Duplicate contract note £10 + VAT per trade Charges may vary from time to time. A variation which in the opinion of the Bank is (i) to your disadvantage shall be notified in writing at least thirty days before the variation is made;(ii)neither to your advantage not disadvantage shall be notified either in writing, by notice in your branch of by publication on our website, at least thirty days before the variation is made; or (iii) to your advantage may be made immediately and notified to you either in writing, by notice in your branch or by publication on our website. Variations so notified under (i) (ii) (iii) above shall be binding on you. |