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Business Account Fee
Free
DNBC Financial Group Business account opening
fee
Free
Multi-currency current account opening fee
Free
Internet payment for Business (sign up +monthly
fee)
C$99
Monthly maintenance fee
BUSINESS ACCOUNTS FEES
Currency: CAD | Business Account | |
Account opening fee | Free of charge | |
Monthly Maintenance Fee | 99 CAD | |
Online Payment, Mobile Payment Sign up and Monthly fee subscription | Free of charge | |
Incoming Transaction | ||
Currency: CAD | Business Account | |
Incoming payments from another DNBC Account | Free of charge | |
Non-SWIFT incoming | 5 CAD + variety of fees (if any) (*) | |
SWIFT incoming (SHA/BEN/OUR) | 0.2% - min 10 CAD + variety of fees (if any) (*) | |
Outgoing Transaction | ||
Currency: CAD | Business Account | |
Outgoing to another DNBC account | Free of charge | |
Non-SWIFT Urgent D+1(1) | 0.25%(2) + 25 CAD | |
Non-SWIFT Express D(1) | 0.25%(2) + 50 CAD | |
SWIFT Outgoing (SHA/BEN) | 0.35% + 50 CAD | |
SWIFT Outgoing (OUR) | 0.35% + 50 CAD + variety of fees (if any) (*) | |
Payment cancellation, modification, refund | 80 CAD | |
Extra Fee | ||
Currency: CAD | Business Account | |
Investigation Fee (SWIFT) | 80 CAD | |
Recall Fee (SWIFT) | 80 CAD | |
Due diligence fee on large amount payment(3) / complex transaction | 0.05% - max 200 CAD | |
Fee for handling funds on an account (annual rate)(4) | 1% |
-
Note:
-
D – current working date, cut-off time at
04:00 PM.
D+1 – value date on the following working day.
D+2 - within 2 days from the current working day - 0.25% of the total amount of transactions. Maximum transaction fee capped at 175 CAD for Urgent D+2. Based on your request, an additional charge of 25 CAD shall be applied to Express D+1.
- Applicable to a transaction with an amount over 50,000 CAD. This service charge is an extra fee applied to large transactions on checking documents and scanning KYC compliance. The processing fee is fixed following the information of the above table.
- The negative interest is calculated at the end of each day. The negative interest is debited at the end of each month for the period of the previous month and debited directly from the respective account. The negative interest is currently 1% per annual. The calculation for each month is 1/12th of the interest rate. The negative interest will be charged as of 01 May, 2022 until further notice.
- Monthly maintenance fee is Free of Charge for Business account holders who make monthly transactions (exchanged to CAD) from 30,000 CAD or more via SWIFT Transfer. If the monthly transaction does not meet the above conditions, the monthly Maintenance Fee of 99 CAD shall be applied.
- Enable to open accounts corresponding with different currencies: EUR, CHF, GBP, CAD, HKD, etc.
- (*) "Variety of fees" encompasses charges that intermediary banks may impose according to their policies.These fees, if applicable, may have been deducted from the transaction amount. DNBC does not have control over these intermediary bank fees.
- An intermediary bank is a bank that acts on behalf of the sending bank to facilitate international money transfers via the SWIFT network. This type of bank is needed when the sending and beneficiary banks don’t have an established relationship. They’ll often charge their own fee for their services, which will impact the amount your recipient gets.
OTHER SERVICES RENDERED
Account, Statement & Notification | ||
Account statement request | 10 CAD | Fee for Hard copy. PDF is free when downloading via DNBCnet |
Balance Certificate for a specific account | 20 CAD | |
Current account reference letter request | 50 CAD | |
Express courier original copy | 60 CAD | To client address worldwide: DHL/FedEx |
Express courier original copy | 60 CAD | To client address worldwide: DHL/FedEx |
SMS notification about account transactions | 0.2 CAD | Per message |
Email notification about account transactions | Free of charge | |
Account Closure | ||
Closing the Corporate account after one year | Free of charge | |
Closing the Corporate account within 12 months | 1000 CAD |