Rates and Fees Schedule

Fee changes

Summary of Fee Changes

Effective December 1, 2025

Consolidated Rates and Fees Schedule

Effective January 1, 2022

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

Retail

Services	Rates	Rates Including VAT
Monthly Fee	$2.50 - $17.50	$2.75 - $19.25
Drawing/Cashing Fee (per cheque)	$4.00	$4.40
Branch Deposit/Withdrawal	$4.00	$4.40
ATM Deposit	FREE	FREE
ATM Withdrawal (to Proprietary ATM Withdrawal (2- 6 Free depending on Account Type)	$1.25	1.38
Dishonored Cheque Charge	$35.00	$38.50
Internal Transfers to cover cheques	$17.50	$19.25
Stop Payment Order	$25.00	$27.50
Over Limit or Overdraft Protection Fee	$25.00	$27.50
Minimum Overdraft Interest Charge - Calculated on maximum daily balance	$15.00	$16.50
Overdraft Handling Fee	$7.50	$8.25
Cheque Certification	$12.50	$13.75
Stamp Tax	$0.40	$0.40
Audit Confirmation	$30.00	$33.00

Services	Rates	Rates Including VAT
Accounts closed within 90 days	$17.50	$19.25
Replace Debit Card	$5.00	$5.50
Audit Certificates/Reference Letter (Retail)	$30.00	$33.00
Interim Statements Requested	$10.00	$11.00
Transfer Fee (special request)	$17.50	$19.25
Standing Order Payments
(a) Internal Payments	$7.50	$8.25
(b) External Payments or Transfers	$25.00	$27.50
Wire Transfers (Outgoing)
From BSD to Foreign Currency	$45.00 Fee + $10.00 Handling Charges	$49.50 Fee + $11.00 Handling Charges
From Foreign Currency to Foreign Currency	$60.00 Fee + $20.00 Handling Charges	$66.00 Fee + 22.00 Handling Charges
Foreign Currency cash (per $1,000.00)	$5.00 Fee + Handling Charges	$5.50 Fee + Handling Charges
Stamp Duty of Foreign Exchange	1.50%	1.50%
Wire Transfers (Incoming)
Family Islands	$15.00	$16.50
Local	$10.00	$11.00
Manager's Cheque/Drafts
Local Currency	$10.00	$11.00
Foreign currency	$22.00	$24.20
Inactive Account Fees
Notice of inactivity at 2 and 5 years	$35.00	$38.50
Notice regarding unclaimed balances	$35.00	$38.50
Safety Deposit Box
Annual Rate - Resident
A- 1 1/2 x 5 x 24	$60.00	$66.00
B- 2 1/2 x 5 x 24	$85.00	$93.50
C- 5 1/2 x 5 x 24	$175.00	$192.50
D- 2 1/2 x 10d x 24	$175.00	$192.50
E - 5 x 10d x 24	$250.00	$275.00
F - 10 x 10d x 24	$325.00	$357.50
G-10 x 15 1/2	$400.00	$440.00
Annual Rate - Non-Resident
A- 1 1/2 x 5 x 24	$125.00	$137.50
B- 2 1/2 x 5 x 24	$160.00	$176.00
C- 5 1/2 x 5 x 24	$325.00	$357.50
D- 2 1/2 x 10d x 24	$325.00	$357.50
E - 5 x 10d x 24	$475.00	$522.50
F - 10 x 10d x 24	$625.00	$687.50
Drilling of Safety Deposit Box	$175.00	$192.50
Replacing Lock	$125.00	$137.50
Lost Key	$17.50	$19.25
Safe Keeping
Safekeeping - Mtg./Other Documents (per annum)	$55.00	$60.50

Services	Rates	Rates Including VAT
Non-proprietary withdrawals (withdrawals at other local and international banks, non-bank ATMs and withdrawals outside the Bahamas). Note that additional currency exchange fees and other bank/facility fees may apply.	$3.00	$3.30
Local Withdrawals
Customer	$1.25	$1.38
Non-Customer	$3.00	$3.30
Mini Statements	$0.50	$0.55

Personal Loans

Services	Rates	Rates Including VAT
Application Fee	1.5% of Loan or Min $175 for Vehicles	1.5% of Loan + 10% VAT
Government Stamp Fees	1.00%	1.00%
Registration Fees (Fee does not attract VAT)	$13.50	$13.50
Legal Fees	$10.00	$11.00
Late Payment Fee	$35.00	$38.50
Authority to hold funds	$3.00	$3.30
Government Stamp Duty on Credit Agreements	$10	-
Government Stamp Duty on Credit Agreements	$10	-
Other Consumer Loans
Application Fee	1.5% of Loan or Min $175 + 10% VAT	1.5% of Loan + 10% VAT
One time Pre-Approved/Pre-Qualified Processing Fee - in lieu of Application Fee	-	2.5% of the loan amount (Includes Government Stamp Tax of 1%. Also includes 10% VAT - for digital loans only)
Government Stamp Fees	1.00%	1.00%
Late Payment Fee	$35.00	$38.50
Loan Extension and Refinance Fee	1.5% of Loan/Min $200 (to be charge on the NEW FUNDS only)	1.5% of Loan/Min $200 + 10% VAT
Government Stamp Duty on Credit Agreements	$10	-
Government Stamp Duty on Credit Agreements	$10	-

Services	Rates	Rates Including VAT
Application Fee	$100.00	$110.00
Commitment Fees	2.00%	2% + 10% VAT on the amount charged
Government Stamp Fees	1.00%	1.00%
Early Repayment Charges	3 months int.	3% months Int.
Late Payment Fee	1% of Payment; Minimum $35	1% of Payment; Minimum $35 + 10% VAT
Mortgage Satisfaction	$100.00	$110.00
Payment of Insurance premium	$25.00	$27.50
Government Stamp Duty on Credit Agreements	$10	-
Government Stamp Duty on Credit Agreements	$10	-
Real Estate
Application Fee	$100.00	$110.00
Commitment Fees	2.00%	2% + 10% VAT on the amount charged
Government Stamp Fees	1.00%	1.00%
Late Payment Fee	1% of Payment; Minimum $35	1% of Payment; Minimum $35 + 10% VAT
Mortgage Satisfaction	$100.00	$110.00
Government Stamp Duty on Credit Agreements	$10	-
Government Stamp Duty on Credit Agreements	$10	-

Corporate & Commercial and Small Business Banking

Services	Rates	Rates Including VAT
Monthly Fee	$16.50 - $18.00	$18.15 - $19.80
Credit Line for Business Monthly Fee	$30.00	$33.00
Branch/Cheque Per Entry Fee	$1.50	$1.65
Dishonored Cheque Charge	$35.00	$38.50
Stop Payment Order	$20.00	$22.00
Cheque Certification	$12.50	$13.75
Over Limit Fee/Overdraft Protection	$25.00	$27.50
Stamp Tax	$0.40	$0.40
Audit Confirmation	$40.00	$44.00

Deposit Fees (Business Accounts)
Services	Rates	Rates Including VAT
Night Bag Deposits (per $1,000.00 or part thereof)	$1.00	$1.10
In Branch Deposits (per $1,000.00 or part thereof)	$1.00	$1.10
Day & Night Deposits
Annual Fee	$50.00	$55.00
Opened disposable bags	$50.00	$55.00
Lost/Broken Key	$35.00	$38.50
Accounts closed within 90 days	$17.50	$19.25

Services	Rates	Rates Including VAT
Foreign Currency cash (per $1,000.00)	$5.00 Fee + Handling Charges	$5.50 Fee + Handling Charges
Stamp Duty of Foreign Exchange	1.50%	1.50%
Wire Transfers (Incoming)
Family Islands	$15.00	$16.50
Local	$10.00	$11.00
Outgoing Wire Transfer (Swift/Telex)
Branch	USD$85.00	USD$93.50
Online	USD$55.00	USD$60.50
Drafts
Local Currency	$7.50	$8.25
Foreign Currency	$12.50	$13.75

Payments in Cash/At Counter:
Services	Rates	Rates Including VAT
Each Name (internal)	$2.50	$2.75
Minimum Charge per Payroll	$50.00	$55.00
Merchant Fees
eCommerce One Time Set-up Fee	$100.00	$110.00
eCommerce Monthly Fee	$25.00	$27.50
Payroll, Disbursements and Collection
Bronze - Up to 15 employees ( Extra Items $1.25)	$25.00	$27.50
Silver - Up to 50 employees ( Extra Items $1.00)	$45.00	$49.50
Gold - Up to 150 employees ( Extra Items $0.75)	$80.00	$88.00
Platinum - Up to 400 employees ( Extra Items $0.35)	$165.00	$181.50

Services	Rates	Rates Including VAT
Commitment Fees	0.5% - 2.0%	0.5% - 2.0% + 10% VAT on the amount charged
Government Stamp Fees	1.00%	1.00%
Legal Fees	Vary based on loan amount	Cost + 10% VAT on the amount charged
Registration Fees (Fee does not attract VAT)	$13.50	$13.50
Early Repayment Charges	Negotiable	Negotiable + 10% VAT on the amount charged
Early Repayment Charges	3% Min $250.00	3% + 10% VAT on the amount charged/min. $275.00
Late Payment Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Loan Refinancing Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Annual Review Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Term Extension Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Amendment Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Drawdown Fees	Negotiable	Negotiable + 10% VAT on the amount charged
Other Fees		$10.00

Business Accounts
Minimum Monthly Fee
Services	Rates	Rates Including VAT
Bronze - Up to 3 accounts	$20.00	$22.00
Silver - Up to 5 accounts	$40.00	$44.00
Gold - 6 - 10 accounts	$135.00	$148.50
Platinum - Over 10 accounts	$235.00	$258.50

Services	Rates	Rates Including VAT
Bronze - Up to 10 deposits ( Additional deposit $2.00 )	$12.50	$13.75
Silver - Up to 25 deposits (Additional deposit $2.00 )	$30.00	$33.00
Gold - Up to 50 deposits ( Additional deposit $2.00 )	$55.00	$60.50
Platinum - Up to 100 deposits (Additional deposit $2.00)	$110.00	$121.00

Rates and Fees Schedule

Summary of Fee Changes

Consolidated Rates and Fees Schedule

Retail

Saving Accounts

Transactional Accounts (some including Cheque Writing Privileges)

Premium Banking

Services Related to Deposit Accounts

Automated Teller Machine (ATM)

Online / Internet Banking

Personal Loans

Private Vehicles

Residential Mortgages

Corporate & Commercial and Small Business Banking

Cheque Services: Business Accounts

Savings Account for Business

Other Fees Chequing and Savings Accounts:

Commercial Overdrafts

Other Commercial Banking Facilities and Services

Online / Internet Banking

Cheque Reconciliation

Consolidated Cash Plan

Document Search / Retrieval

Real Time Gross Settlement

Wire Transfers

Payroll Payments

Commercial Loans