Our service fees are detailed in this section, but as rates can change on a daily basis, for the very latest rates you are advised to contact your nearest branch or call our Contact Centre on 17 20 7772.
Download the latest Fees and Charges here
|
Inward Bills Colection (IBC & ICCS) |
| Clean Bills or cheques against payment or acceptance |
0.1% flat min BD 2 max BD 25 |
|
Documentary Collection against payment or acceptance or free of payment commission |
0.125% flat min of BD 20 |
| Extending Bank guarantee or acceptance that payment will be protected on maturity |
1.80% per annum calculated on the number of days on 360 days a year basis, min BD 15 |
|
Remittance Charges |
BD 19 |
|
Note:Inward Bills for Collection
Return documents unpaid |
0.125% flat + Courier charges + Swift charges + USD 100 |
|
Outward Bills Collections (OBC) |
| Clean Bills or cheques |
0.1% flat min BD 2 & max BD 25 |
|
Documentary Collections Commission |
0.125% flat min of BD 20 |
| Purchase or discount of collection |
Collection commission plus interest |
|
Note: Outward Bills for Collection (OBC) Return documents unpaid |
OBC Commission + BD 20 + Correspondent Bank charges |
|
Guarantees
|
| Shipping Guarantees |
BHD 20 flat |
|
Bid Bonds, Tender & other Guarantees |
|
LG Issuing Commission |
1.50% p.a. calculated 360 days per year basis, min BD 25 |
|
Issuance of Commercial Registration |
For Walk-in customers, min value of transaction is BD 3000 with a min commission of BD 60 |
|
Financial Guarantees / Credit Substitutes ( Issuance Commission ) |
2% p.a. Min BD 50 |
|
Amendments involving extension of validity & increase in value |
As applicable for issuingMin BD 25 |
|
Other amendments |
BD 20 |
Open-ended guarantees
(see *‘Note below) |
1.50% p.a. (360 days/year basis)
Min BD 25 + BD 25 (open ended fee ) |
|
Payment under Guarantee |
BD 25 flat |
|
Delivery Order for |
|
Recording of assignment of proceeds |
BD 37 flat |
|
Air waybill & Parcel Post |
BD 20 flat (if D.O is issued against 100% cash margin in absence of documents). No Charges, if documents are already received. |
|
Letters of Credit (LC)
|
| LC Issuance |
1.5% p.a.- Min BD 25 |
| Amendments involving increase in value or extension of validity |
As applicable for opening the credit min BD 15 |
| Other amendments |
BD 15 flat |
| Acceptance commission |
1.80% p.a. calculated on no. of days at the rate of 360 days a year basis, min BD 20 |
| Interest for transit period on Sight bills or Past dues |
Customer lending rate or overdraft rate shall apply
No interest will be charged in case of 100% cash margin |
Penal interest for overdue bills
(Past dues ) |
2% p.a. over the contracted rate (if O/D applicable otherwise bank base rate ) |
| Bills under LC, but received on collection basis |
0.125% flat min BD 20 |
| Discrepancy in handling charges (usually claimed from beneficiary) |
BD 28 |
| Remittance Charges |
BD 30 |
|
Advising Letter of Credit |
|
Pre SWIFT |
BD 10 |
|
Original Credit |
BD 10 |
|
Amendment |
BD 10 |
|
Confirming Letter of Credit |
|
Sight LC |
Advising fee plus 1.20% p.a. calculated on the number of days on 360 days a year basis, with a min of BD 20
|
|
Usance LC |
Advising fee 1.20% p.a for validity of LC plus 1.80% p.a for usance period calculated no. of days on 360 days on yr basis. Min BD 30
|
| Negotiation Commission |
0.125 % flat min BD 20 plus interest from date of payment to beneficiary to date of receipt of reimbursement min for 5 days. No interest is charged, if payment to beneficiary is made after obtaining reimbursement
|
| Reimbursement charges (to honor claim under export LC) |
BD 30 |
|
Communication Charges |
|
Clean |
BD 2 |
|
Documents |
BD 3 |
|
Courier Services |
BD 15 |
|
Telex/Swift Charges for all countries |
BD 11 plus BD 1
*In case to be collected from the beneficiary |
|
Full Operative LCs & Guarantees for all countries |
BD 25 |
|
Facsimile or Telefax |
|
Local banks / customers |
Free |
|
International |
BD 1 per page |
* Note : Guarantees without definite expiry dates (Open ended) are not generally issued. If they are issued, as in the case of guarantees in
favor of Bahrain Government or any other Government Organizations, the Principal is liable to pay commission until the return of the
original guarantee by the Beneficiary
* Effective June 2011