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.

Credit Card Rates & Fees

Borrowing

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

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Mortgages

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

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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