Bahamas Rates & Fees

The following transactions are allowed free of charge on all Scotiabank accounts:

  • Unlimited Internet & Telephone Banking transactions
  • Unlimited electronic transfers between Scotiabank accounts

Credit Cards

Our cards offer a variety of benefits, rewards, and interest rates.

Borrowing

Whether you're looking to renovate you home or make a large purchase, our borrowing options have you covered.

Mortgages

Our mortgages help you find the home that's the right fit for you.

Consolidated Rates and Fees Schedule

Effective December 1, 2020

Find out more about our rates and charges for Scotiabank accounts.

Services  New  Rates  New Rates Including VAT
Withdrawal Charge $2.50 - $3.50 Branch/$1.25 ATM $2.80 - $3.64 Branch/$1.40 ATM
Deposit Fees $2.50 - $3.25 Branch/$1.25 ATM $2.80 - $3.64 Branch/$1.40 ATM
Stamp Tax $0.40 $0.40
Without Debit Card  $3.00 $3.36
Replace Debit Card $5.00 $5.60
Maintenance Fee (monthly) $3.50 - $6.50 $3.92 - $7.28
Services  New  Rates  New Rates Including VAT
Statement Printouts $7.50 $8.40
Interim Statements Requested $7.50 $8.40
Transfer Fee (special request) $17.50 $19.60
Services  New  Rates  New Rates Including VAT
Minimum Monthly Fee $2.50 -$15.00 $2.80 - $16.80
Drawing/Cashing Fee (per cheque) $2.25 - $3.00 $2.52 - $3.36
Deposit Fees (Branch) $2.25 - $3.00 $2.52 - $3.36
Dishonored Cheque Charge $35.00 $39.20
Stop Payment Order $15.00 $16.80
Cheque Certification $12.50 $14.00
Cheque Printing (per 100) $22.50 $25.20
Over Limit Fee $25.00 $28.00
Stamp Tax $0.40 $0.40
Audit Confirmation $30.00 $33.60
Services  New  Rates  New Rates Including VAT
Minimum Monthly Fee $17.50 $19.60
Drawing/Cashing Fee (per cheque) $1.50 $1.61
Dishonored Cheque Charge $35.00 $39.20
Stop Payment Order $20.00 $22.40
Cheque Certification $12.50 $14.00
Cheque Printing (per 100) $22.50 $25.20
Over Limit Fee $25.00 $28.00
Overdraft Protection $25.00 $28.00
Stamp Tax $0.40 $0.40
Audit Confirmation $40.00 $44.80

Personal Credit Card Facilities

Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                                              Purchases and balance Transfer 19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $32.50 $36.40
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $39.00 $43.68
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $10.00 $11.20
Replacement Statement $5.00 $5.60
Replacement Card Fee $30.00 $33.60
Over Limit Fee $39.00 $43.68
Additional Card (s) (each) $0.00 $0.00
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                                           Purchases and balance Transfer 19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $125.00 $140.00
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $40.00 $44.80
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $10.00 $11.20
Replacement Statement $5.00 $5.60
Replacement Card Fee $25.00 $28.00
Over Limit Fee $40.00 $44.80
Additional Card (s) (each) $0.00 $0.00
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                                             Purchases and balance Transfer 19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $85.00 $95.20
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $40.00 $44.80
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $10.00 $11.20
Replacement Statement $5.00 $5.60
Replacement Card Fee $35.00 $39.20
Over Limit Fee $40.00 $44.80
Additional Card (s) (each) $0.00 $0.00
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                                        Purchases and balance Transfer 19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $0.00 - Conditions apply $0.00 - Conditions apply
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $40.00 $44.80
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $12.50 $14.00
Replacement Statement $5.00 $5.60
Replacement Card Fee $25.00 $28.00
Over Limit Fee $40.00 $44.80
Additional Card (s) (each) $0.00 $0.00
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                            Purchases and balance Transfer 19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $70.00 $78.40
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $40.00 $44.80
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $12.50 $14.00
Replacement Statement $5.00 $5.60
Replacement Card Fee $25.00 $28.00
Over Limit Fee $40.00 $44.80
Additional Card (s) (each) $30.00 $33.60
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                                    
Purchases and balance Transfer
19%-21% 19%-21%
Cash Advances 19%/21% 19%/21% + 12% VAT on the amount charged
Annual Membership Fee $90.00 $100.80
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Cash Advance Fee 3.37% of the total cash advance, min $3.37 3.37% of the total cash advance + 12% VAT
Late Payment Fee $35.00 $39.20
NSF Cheque Charge $35.00 $39.20
Return Credit Card Cheque $35.00 $39.20
Retrieval of items/Replace sales draft $12.50 $14.00
Replacement Statement $5.00 $5.60
Replacement Card Fee $25.00 $28.00
Over Limit Fee $35.00 $39.20
Additional Card (s) (each) $30.00 $33.60

Personal Lines of Credit

Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges)                                     
Purchases and Balance Transfer
20.85% 20.85%
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Annual ( Membership) Fee $55.00 Primary Borrower    $35.00 Co-Borrower $61.60 Primary Borrower      $39.20 Co- Borrower
ATM Cash Advances (each) $2.50 $2.50 +12% VAT on the amount charged
Return Payment Cheque $35.00 $39.20
Return Charge Cheque $35.00 $39.20
Late Payment Fee $35.00 $39.20
Over Limit Fee $35.00 $39.20
Statement copy Fee $7.50 $8.40
Transaction Fee (in excess of 5 per month) $10.00 $11.20
Application Fee 2% of credit limit 2% of credit limit +12% VAT on the amount charged
ScotiaLine Cheque Stop Payment Fee $15.00 $16.80
ScotiaLine Certified Cheque $10.00 $11.20
Services  New  Rates  New Rates Including VAT
Annual Interest Rate (Financing Charges) Purchases and Balance Transfer 10.25% 10.25%
Minimum Payment 3.00% of outstanding balance or $25, whichever is greater 3.00% of outstanding balance or $25, whichever is greater
Annual ( Membership) Fee $110.00 $123.20
Additional Card (s) (each) FREE FREE
ATM Cash Advance Charge (each) $2.50 $2.50 +12% VAT on the amount charged
Return Payment Cheque $35.00 $39.20
Return Charge Cheque $35.00 $39.20
Late Payment Fee $35.00 $39.20
Over Limit Fee $35.00 $39.20
Replacement Card Fee $30.00 $33.60
Statement copy Fee $7.50 $8.40
Transaction Fees (in excess of 5 per month) $7.50 $8.40
Card Trans. Fees (in excess of 5 per month) $5.00 $5.60
Application Fee  2% of credit limit 2% + 12% VAT on the amount charged
ScotiaLine Cheque Stop Payment Fee $15.00 $16.80
ScotiaLine Certified Cheque $10.00 $11.20
Services  New  Rates  New Rates Including VAT
Overdraft fee (monthly) $7.50 $8.40
Penalty interest rate (%) 18% 18%
Commitment fees 2% 2% + 12%
Over Limit fees (per item) $7.50 $8.40
Renewal Fee (minimum) 1% 1% +12%
Transfer Fee (special request) $10.00 $10.75
Services  New  Rates  New Rates Including VAT
 Application Fee $85.00 $95.20
Commitment Fees 2% 2% + 12% VAT on the amount charged
Government Stamp Fees $10.00  
Early Repayment Charges 3 mos. int. 3% months Int. + 12% VAT on amount charged
Late Payment Fee 1% of Payment; Minimum $35 1% of Payment; Minimum $35 + 12% VAT
Mortgage Satisfaction $100.00 $112.00
Payment of Insurance premium $25.00 $28.00
Services  New  Rates  New Rates Including VAT
Application Fee $85.00 $95.20
Commitment Fees 2.0% 2% + 12% VAT on the amount charged
Government Stamp Fees 1.0% 1.0%
Late Payment Fee 1% of Payment; Minimum $35 1% of Payment; Minimum $35 + 12% VAT
Mortgage Satisfaction $100.00 $107.50

Personal Loans

Services  New  Rates  New Rates Including VAT
 Application Fee > of $100.00 or 1% of loan > of $100.00 or 1% of loan + 12%
Government Stamp Fees 1.0% 1.0%
Registration Fees $13.50 $15.12
Legal Fees $10.00 $11.20
Late Payment Fee $35.00 $39.20
Authority to hold funds $3.00 $3.36
Services  New  Rates  New Rates Including VAT
Application Fee 1.0% 1% + 12% VAT on the amount charged
Government Stamp Fees 1.0% 1.0%
Late Payment Fee $30.00 $33.60
Loan Refinancing Fee 1.0% 1% + 12% VAT on the amount charged
Services  New  Rates  New Rates Including VAT
Commitment Fees 1/2% - 2% 1/2% - 2% + 12% VAT on the amount charged
Government Stamp Fees 1.0% 1.0%
Legal Fees Vary based on loan amount Cost  + 12% VAT on the amount charged
Early Repayment Charges Negotiable Negotiable + 12% VAT on the amount charged
Late Payment Fees 3% Min $250.00 3% + 7.5% VAT on the amount charged/min. $268.00
Loan Refinancing Fees Negotiable Negotiable + 12% VAT on the amount charged
Annual Review Fees Negotiable Negotiable + 12% VAT on the amount charged
Term Extension Fees Negotiable Negotiable + 12% VAT on the amount charged
Amendment Fees Negotiable Negotiable + 12% VAT on the amount charged
Drawdown Fees Negotiable Negotiable + 12% VAT on the amount charged
Other Fees Negotiable Negotiable + 12% VAT on the amount charged

Other Banking Facilities and  Services

Services  New  Rates  New Rates Including VAT
(a) Internal Payments $7.50 $8.40
(b) External Payments or Transfers $20.00 $20.00 + 12% VAT + cost of Draft + 12% VAT + GST
Stop Payment Order $15.00 $16.13
Services  New  Rates  New Rates Including VAT
Night Bag Deposits (per $1,000.00 or part thereof) $1.00 $1.12
In Branch Deposits (per $1,000.00 or part thereof) $1.00 $1.12
Letters of Credit $30.00 $33.60
Bank/Credit References $20.00 $22.40
Auditor's Confirmation Letter $30.00 $33.60
Services  New  Rates  New Rates Including VAT
Withdrawals outside The Bahamas  Currency Exchange fees and other bank or facility fees may apply. $3.00 $3.36
Local Withdrawals    
Customer $1.00 $1.12
Non-Customer $3.00 $3.36
Mini Statements $0.50 $0.56
Services  New  Rates  New Rates Including VAT
Monthly Access Fees - -
Personal Banking $0.00  
Business Accounts - -
Bronze - Up to 3 accounts / Min Monthly fee $15.00 $16.80
Silver - Up to 5 accounts / Min Monthly fee $35.00 $39.20
Gold -  6 - 10 accounts / Min Monthly fee $125.00 $140.00
Platinum -  Over 10 accounts $225.00 $252.00
Services  New  Rates  New Rates Including VAT
Up to 15 items ( Extra items $1.00 ) $20.00 $22.40
Up to 50 items ( Extra items $0.75 ) $40.00 $44.80
Up to 150 items ( Extra items $0.50 ) $75.00 $84.00
Up to 400 items (Extra items $0.25 ) $150.00 $168.00
Services  New  Rates  New Rates Including VAT
Up to 10 deposits ( Additional deposit $2.00 ) $10.00 $11.20
Up to 25 deposits (Additional deposit $2.00 ) $25.00 $28.00
Up to 50 deposits ( Additional deposit $2.00 ) $50.00 $56.00
Up to 100 deposits (Additional deposit $2.00) $100.00 $112.00
Services  New  Rates  New Rates Including VAT
Vouchers (per hour) $30.00 $33.60
Records (per hour) $30.00 $33.60
Accounts (each) $30.00 $33.60
Services  New  Rates  New Rates Including VAT
Bank to Bank Transfers $10.00 $11.20 

Foreign Exchange 

Services  New  Rates  New Rates Including VAT
From BSD to Foreign Currency $35 Fee + $10.00 Handling Charges + Conversion + GST $39.20 + $11.20 + Conversion + GST
From Foreign Currency to Foreign Currency $50.00 Fee + Handling Charges $56.00 + Handling Charges
Foreign Currency cash (per $1,000.00) $75.00 Fee + Handling Charges $84.00 + Handling Charges
Stamp Duty of Foreign Exchange 1.5% 1.5%
Services  New  Rates  New Rates Including VAT
Family Islands $15.00 $16.80
Local  $10.00 $11.20
Services  New  Rates  New Rates Including VAT
Local Currency $6.00 + GST $6.45 + GST
Foreign currency $10.00 + GST $10.75 + GST
Services  New  Rates  New Rates Including VAT
Stamp Tax $0.40 -

Payroll Payments

Services  New  Rates  New Rates Including VAT
Each Name (internal) $2.50 $2.80
Minimum Charge per Payroll $45.00 $50.40
Services  New  Rates  New Rates Including VAT
Up to 15 employees ( Extra Items $1.00) $20.00 $22.40
Up to 50 employees ( Extra Items $0.75) $40.00 $44.80
Up to 150 employees ( Extra Items $0.50) $75.00 $84.00
Up to 400 employees ( Extra Items $0.25) $150.00 $168.00
Services  New  Rates  New Rates Including VAT
Opened disposable bags $50.00 $56.00
Lost/Broken Key $35.00 $39.20
Services  New  Rates  New Rates Including VAT
A- 1 1/2 x 5 x 24   $50.00 $56.00
B- 2 1/2 x 5 x 24 $70.00 $78.40
C- 5 1/2 x 5 x 24 $150.00 $168.00
D- 2 1/2 x 10d x 24 $150.00 $168.00
E - 5 x 10d x 24 $225.00 $252.00
F - 10 x 10d x 24 $300.00 $336.00
G-10 x 15 1/2 $400.00 $448.00
Drilling of Safety Deposit Box $150.00 $168.00
Replacing Lock $100.00 $112.00
Lost Key $15.00 $16.80
Services  New  Rates  New Rates Including VAT
Safekeeping - Mtg./Other Documents (per annum) $50.00 $56.00 

Other Service Charges

Services  New  Rates  New Rates Including VAT
Balances < $25.00 Closed to service charge Closed to service charge
Balances > $25.00 ( Per Annum) $25.00 $28.00
Accounts closed within 90 days $15.00 $16.80
Duplicate Statement $7.50 $8.40
Transfer between A/C (Overdraft Coverage) $15.00 $16.80