© European Standard Bank. All rights reserved.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, International Banking Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account or creates a new customer relationship with our financial institution.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. In this time, accounts are available only for new customers with references from our clients. In other words, you cannot open an account in any way without such references.

We provide service only for members of UK cooperative which is our business partner. We not provide any services for general public. To obtain any our service you must obtain cooperative's membership first.

Transparent fees & costs

Fees and Charges
Transaction & charges
Further services
FPN operations

Fees and Charges

Valid from 03 October 2018

Current Account
1.1.
Annual interest rate for Standard Saving Account
nil
1.2.
Annual interest rate for Combined CD-Saving Account (CSA)
In accordance with Deposit Agreement
1.2.1.
Initial Deposit for Terminal Transaction Bookkeeping Account (TBA)
nil
1.2.2.
Initial Deposit for Combined CD-Saving Account - 0% (CSA-0)
2% blocked on time deposit
1.3.
Multicurrency account setup fee
200 Euro
1.3.1.
Adding Set up fee Terminal Transaction Bookkeeping Account (TBA)
nil
1.4.
Accounts maintenance fee per account:
1.4.1.
two months
free
1.4.2.
deposit account
nil
1.4.3.
active account (10 transactions and more per month)

6.00 Euro/month

1.4.4.
passive account (less than 10 transactions per month)

12.00 Euro/month

1.4.5.
Non Profit (Church/Community)
Half cost: 1.4.3., 1.4.4., initial deposit
1.4.6.
Non profit and personal sub-accounts opened from 1.4.5.
Half cost: 1.4.5.
1.4.7.
customer hold at the end of the month Combined CD-Saving Account - 0% (CSA-0)
1% per month abandoned on account (without 1.4.1.)
1.5.
Temporary blocking of funds on beneficiary account (instead of automatic L/C):
300.00 Euro
Fees and Charges

Transaction and other charges

Current Account
2.
Internal bank transfer
2.1.1.
- from any Standard Saving Account (SSA)  to any Standard Saving Account (SSA)
Free of charge
2.1.2.
- from any Standard Saving Account (SSA)  to any Combined CD-Saving Account (CSA)

Free of charge

2.1.3.
- {Clearing transactions} from any Combined CD-Saving Account (CSA) to any Combined CD-Saving Account (CSA) [clearing account]
0.09% fee will be deducted from SSA account
2.1.4.
- from any Combined CD-Saving Account (CSA) to any Standard Saving Account (SSA) account after date of deposit termination (acquittance)
Free of charge
2.1.5.
- from any Combined CD-Saving Account (CSA) to any Standard Saving Account (SSA) account before date of deposit termination (acquittance)
100% of transferred amount
2.1.6.
- to any Terminal Transaction Bookkeeping Account (TBA)
0.5% from turnover
2.2.
Conversion / exchange fee:
In accordance with internal rate (min. 1.5%)
2.3.
External bank transfer (wire transfer): Please note that our correspondent banks may charge fees for wire transfers:

0.3%, min: US $70.00

2.4.
One reference code (10 days validity)
2.4.1.
One reference code creation from customer
15 Euro
2.4.2.
First PIN code for registration new customer from Administrator or Account Manager
Free
2.4.3.
Second PIN code for registration new customer from Administrator or Account Manager
300 Euro
2.5.
For all incoming payments from other Bank or financial institution is deducted fee 0.5% of amount of transfer.
2.6.
Return wire transfer made independently of amount
100 Euro
Transaction and other charges

Further fees, commissions and costs related to account maintenance are charged as they arise

Current Account
3.1.
Audit statement
100.00 Euro / statement
3.2.
Account closure fee
100.00 Euro
3.3.
Account close before 365 days from date of open
150.00 Euro
3.4.
Re-open of closed account (if previously closed by any reason)
7000.00 Euro
Further fees

Operation with Financial Promissory Notes (FPN) of ESB

Current Account
4.1.
Verification of validity
US $30/document (must be paid upfront)
4.2.
Cost of issue
Negotiable depend of complexity
4.3.
Commission of ESB for redemption (Principal will be deposited only to ESB accounts of FPN bearer)
0.5% of Face value + 50 USD per document (FPN) must be paid upfront, no deduction from Promissory Note value
4.4.
Value of redemption paid in behalf of bearer
100% of face value
FPS Operations

Important

All charges and fees withdrawing from SSA account only.

Emergency markets currencies fast automatic conversion into USD, EUR etc. service (if money was sent to ESB in native currencies of emergency markets directly to USD or EUR accounts of ESB) - 13% of amount conversion fee will be deducted from each amount transferred (or converted inside ESB between ESB accounts) above 10,000.00 EUR. This fee was implemented to prevent money laundering, making such activity economically unprofitable. Before carrying out currency foreign exchange operations of large amounts, it's recommended to clarify the exact amount of the commission by the internal ESB mail.

European Standard Bank support any currency in the World for internal wire transfer. For external wire transfer all transaction are executing in USD, EUR, CHF, PLN, RUB. Please inform us if you need any specific currency for internal transfer.

Please note that you have an initial deposit of at least € 1,000 in your SSA account. If SSA account balance fall below € 1000 for any reason within 60 calendar days, your ESB accounts will be closed without further notice, and your balances will be transferred to you using your details in any other bank. If you will need ESB services after account closure, you will have to open a new account.