New commissions and charges for corporate and individual international clients
Dear Clients,
We would like to inform you that, with effect from the 3rd of October 2018, RCB Bank introduces new fees for new corporate and individual international clients. Please note that for existing individual and corporate international clients the new fees will be effective as of 3rd of December 2018.
All other Commissions and Charges of the Bank remain unchanged.
| Corporate clients | Individual clients | |
|---|---|---|
| Account opening | 200 EUR | 100 EUR |
| Account closure | 100 EUR | 50 EUR |
| Minimum average account balance (accounts with balances below minimum will be closed) | 5.000 EUR | 1.000 EUR |
| Account maintenance | 480 EUR p.a., charged monthly | 180 EUR p.a., charged monthly |
| Account monitoring fee (applicable only to High Risk clients) | 4.200 EUR p. a., charged monthly (if average monthly balance is above 2 m EUR including securities, 50% discount is applicable to non-financial companies) | 600 EUR p.a., charged monthly (if average monthly balance is above 2 m EUR including securities, 50% discount is applicable) |
The average monthly balance is calculated as the sum of daily credit balances (at the beginning of each day) in all client’s accounts with the Bank during the month divided by the number of calendar days in the respective month.
In case you do not agree with the new fees, you have the right to close your account at no cost before the implementation of the new rates.
It is understood that it will be considered that you have accepted the new fees, if you do not notify the Bank for not accepting them before the implementation on 3 December, 2018.
You can obtain more detailed information by calling one of RCB Telephone Banking numbers: +357 25 355 722 (calls from abroad), 800 00 722 (toll-free in Cyprus) or
8 800 100 7722 (toll-free in Russia).
