GENERAL BUSINESS CONDITIONS
General Business Condition – BPCE IOM – EN
General Business Condition – BPCE IOM – VN
SCHEDULE OF CHARGES
Effective date: 02nd October 2023
TRADE FINANCE |
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IMPORT LETTER OF CREDIT |
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Draft L/C opening |
FREE |
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Opening fee |
0.125 % p.m (min USD 50) |
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Amendment fee
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Increase in amount or extension |
0.125 % p.m (min USD 30) |
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Other amendment |
USD 25 flat |
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Cancellation fee |
USD 50 flat |
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Payment |
0.15 % (min USD 30 – max USD 800) |
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Acceptance of usance draft |
0.2 % p.m (Min USD 25) |
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Discrepancy fee (collected from Beneficiary) |
USD 60 |
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Overdrawn / DC expired |
0.125 % p.m (Min USD 30) |
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B/L endorsement |
FREE |
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Overdue bills |
FREE |
EXPORT LETTER OF CREDIT |
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Pre-advising L/C |
USD 10 flat |
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Advising L/C |
USD 25 flat |
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Advising amendment |
USD 20 flat |
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Confirmation of L/C |
As per agreement subject to country and bank risk |
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Transfer L/C |
0.125% min USD 50 |
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Amendment of L/C transfer |
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Extension or increase in amount |
0.125 % min USD 30 |
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Other amendments |
USD 25 flat |
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Export bill collection under L/C |
0.25 % (Min USD 30) |
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Export bill negotiation under L/C for deferred bills / discount |
0.25 % (Min USD 30 + discounting interest from date of advance up to date of receiving reimbursement) |
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Overdue bills (handling charges) |
FREE |
DOCUMENTARY COLLECTION (D/P, D/A) |
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Handling fee |
0.2 % (Min USD 25 – Max USD 200) |
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Export D/P, D/A bill discounting |
At agreed rate form the date of advance up to the date of receiving reimbursement |
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Tracer for acceptance/payment |
Swift fee |
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Overdue bills |
FREE |
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Cancellation or rejection |
USD 30 |
LETTER OF GUARANTEE / STAND-BY L/C |
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Issuance commission |
0.2 % p.m from date of issuance (min USD 40 or VND 950 000) |
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Amendments |
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Increase in amount or extension |
0.2 % p.m (min USD 30 or VND 700 000) |
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Other amendments |
USD 30 or VND 700 000 |
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Advising fee |
USD 30 or VND 700 000 |
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Claim handling commission |
FREE |
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Shipping guarantee |
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· Under L/C |
0.1 % p.m min USD 50 or VND 1 200 000 |
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· Outside L/C |
0.15 % p.m min USD 100 or VND 2 400 000 |
OTHER CHARGES |
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Swift charges |
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L/C opening |
USD 50 |
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Other Swift |
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o Customer |
USD 15 |
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o Non-customer |
USD 30 |
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DHL charge |
At cost |
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Postage (inside Vietnam) |
USD 3 |
REMITTANCE |
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REMITTANCE |
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Inward remittance (overseas and domestic) |
FREE |
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Domestic Outward remittance |
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· VND payment orders |
0.04 % (Min: VND 50 000, Max: VND 1 000 000) |
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· Foreign currency payment orders · |
VND 350 000 |
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· Amendment / Cancellation
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VND 50 000 |
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Overseas Outward remittance |
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· Transfer fees |
0.2 % (Min USD 8 – Max USD 200) |
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· Swift |
USD 15 |
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· Amendment / cancellation |
USD 15 |
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· Correspondent bank fees |
At cost*/USD 25/EUR 24 |
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CASH |
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Deposit |
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· USD/ EUR |
0.3 % (Min USD 5 or EUR 5) |
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· VND |
FREE |
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Withdrawal |
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· USD / EUR |
0.3 % (Min USD 5 or EUR 5) |
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· VND |
0.02 % (Min VND 50 000 – Max VND 800 000) |
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ACCOUNT HANDLING |
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Audit / Balance / Other confirmation |
VND 350 000/Copy |
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Account number confirmation |
VND100 000/Copy |
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Additional Account Statement |
VND100 000/Copy |
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Additional Debit/ Credit advice |
VND100 000/Copy |
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Surcharge for old item |
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Over 1 year |
VND 250 000/item |
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Over 3 years |
VND 350 000/item |
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MT 940 |
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Register
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VND 1 000 000 |
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Monthly
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VND 1 000 000/account/month |
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Maintenance
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VND100 000 for average balance below VND 50,000,000 USD5 for average balance below USD 2,000 EUR5 for average balance below EUR 2,000 |
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Dormant |
VND 250 000/account/month |
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Closing account |
VND 800 000/client |
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(*) Notes:
• All the bank charges and fees are exclusive of VAT of 10%.
• The above rates are subject to adjustment based on the level of cooperation/business volume entrusted.
• Customers can pay service fees in VND or other foreign currencies for fees collected in foreign currency/VND at the rate announced by BPCE at the time of charge collection.
• In case customer requests to cancel the transaction or to stop using the service before the expiry date, or the transaction is not performed through no fault of ours, BPCE will not refund the service fee and other fees (SWIFT cost, postage, tax, service charge… payable to other parties/banks) collected.
• Charges for services not listed herein will be provided on request.
• Out-of-pocket expenses such as postage, courier, fax, telex, telephone, SWIFT, correspondent bank’s charges, and other ancillary charges will be collected additionally.
• All bank charges and fees contained herein supersede any previously issued charges and fees and are subject to amendment, supplement or cancellation without prior notice unless otherwise required by Vietnamese laws.