CHARGES GUIDE

SERVICE CHARGES FOR LOANS AND DEPOSITS WITH EFFECT FROM 1 JANUARY 2020

CASH SERVICES
Description Charges
Charge for Cash deposit/loan repayment Free for first $25,000.00, additional $5.00 chargeable on every subsequent $5,000.00 or part thereof on amount above $25,000.00
Charge for Coin Deposit Free for first 25 pieces of coins. $2.00 chargeable on every subsequent 100 pieces of coins or part thereof.

LOANS
Description Charges
Unsuccessful Giro Deduction $50.00
Returned Cheque $50.00
Bank Charges As charged + $10.00*
Statement of Account Free for current year
Statement of Account
(Immediate Past Year)
Free for immediate past year for 1st request,
2nd request thereafter will be $50.00*
per account
Statement of Account
(Beyond Immediate Past Year)
$50.00* per account per year
Audit Confirmation 1st 10 accounts-$50.00* flat
11-20 accounts-$100.00* flat
>20 accounts-$200.00* flat
Retrieval of loan related documents 1st 10 accounts-$50.00* flat
11-20 accounts-$100.00* flat
>20 accounts-$200.00* flat

* subject to GST

DEPOSITS ACCOUNTS EXCEPT VIVID SAVINGS ACCOUNT
Description Charges
Early Account Closure Fee $15.00 (if account is closed within 6 months of opening)
Loss of Passbook $10.00 per passbook
Statement of Account Free for current & immediate past year
Statement of Account
(past years)
$50.00 flat fee
Confirmation on Estate Account $50.00 per account (capped at $200.00)
Audit Confirmation $50.00 per account
Replacement of Cheque $20.00* per cheque
Stop Cheque $30.00* per cheque

* subject to GST

VIVID SAVING ACCOUNT
Description Charges
Early Account Closure Fee $25.00 (if account is closed within 6 months of opening)
Counter Transaction Fee $3.00 per transaction (waived until 31 Dec 2020)

VIVID PREPAID MASTERCARD
Description Charges
Early Card Termination Fee $30.00 per card (if card is terminated within 6 months)
Card Replacement Fee $20.00 per card
Transaction Investigation Fee $30.00 per request
ATM PIN Reset $5.00 per request
ATM Withdrawal Fee Minimum 0.80% per withdrawal on withdrawn amount
Subject to additional network charges 1
ATM Decline Fee $2.00 per withdrawal
ATM Balance Inquiry Fee $2.00 per inquiry
Cross Border / Cross Currency / Issuer Forex Fee2 3.00% on the transaction amount

1 SFL does not operate the ATM Network and therefore, usage is subjected to the ATM Network utilization charges.
2 Foreign exchange rate as determined by MasterCard

BUSINESS ACCOUNT
Description Charges
Fall Below Fee $35.00 per month (if the average daily balance1 for the month falls below $2,000.00)
Monthly Account Fee $5.00 per month
Early Account Closure Fee $50.00 (if account is closed within 6 months of opening)
Cheque Book Issuance Fee $5.00 per cheque book
Cheque Clearing Fee2 $0.50 per cheque
Stop Cheque3 $30.00 per cheque
Cheque Image Retrieval $50.00 per copy
Loss of Cheque Book $50.00 per cheque book
Inward Returned Cheque $30.00 per returned cheque due to insufficient funds
Marked Cheque Fee $100.00 per cheque
Statement of Account Free for current & immediate past year
Statement of Account
(past years)
$50.00 flat fee
Audit Confirmation $50.00 per account

1 Average Daily Balance is calculated by adding total amount of daily balance in the account divided by total number of days in the month.
2 Cheque Clearing fee refers to fee charged on a cheque that has been issued and presented to the bank for clearing.
3 Stop Cheque refers to stop payment of cheque issued by Business Account Holders.