Tariff of fees and charges for Reserve account
Our range of accounts offers a comprehensive and flexible
collection of services free of local charges and fees. The Reserve
account services include, inter alia:
Services free of charge
Chequebook (sterling accounts only)
Direct debits (sterling accounts only)
Standing orders (sterling accounts only)
Detailed quarterly bank statements
Fixed term deposit facility
Commission free foreign exchange transactions
Certificates of bank interest received
Cheque deposit clearance
Clearance of sterling cheques drawn in the British Isles
Clearance of US $ cheques under $10,000 drawn in the USA
Clearance of euro cheques drawn on UK banks
We provide a number of additional services for which we make a
charge to cover the cost of the work involved. Charges are debited
to your account, in the relevant currency, at the time the service
is rendered. The most common charges and fees are shown
in the tariff below:
| Service |
Charge/Fee |
| Unauthorised borrowing - referral fee |
£25 |
| Unauthorised borrowing default interest rate - this is linked
to the base rate paid to your account |
4% over our base rate |
| Cheque deposit |
|
| Clearance of US $ cheques over $10,000 drawn in the USA |
US$23* |
| Clearance of other currency cheques paid in, including US $
cheques not drawn in the USA (subject to varying clearance
time) |
£15 plus agents' fees*
|
| Cheque issue |
|
| Settlement charge for processing US $ cheques |
US$40 |
| Bank cheque (all currencies) |
£15 per item |
| Other services |
|
| Stopped cheques (excluding theft or loss)** |
£10
|
| Special presentation of cheques** |
£20 |
| Unpaid cheques (lack of funds only) |
£30 |
| Overdraft follow up letters |
£25 |
| Duplicate statements |
£5 per sheet |
| Copies of paid cheques |
£15 for up to 3 cheques and £5 for every cheque thereafter |
| Copies of paid cheques (closed accounts) |
£20 for up to 2 cheques and £10 for every cheque
thereafter
|
| Status enquiries |
£20 plus VAT*** |
| Audit reports |
£30 plus VAT*** |
| Telegraphic transfer (UK or overseas) |
£25 (or currency equivalent)**** |
| Sterling credit transfers (3 day value) (BACS) |
£10**** |
| Language translation of documents |
£35 per item |
| Delivery of Visa card to high risk country (via courier) |
£25/€50/$50 per card |
| Temporary hold mail service (over 3 months) |
£15 per month |
| Returned mail charge |
£15 per month |
| Visa annual charge |
£12/€18/$20 per card |
* Correspondent bank on which the cheque is drawn may
deduct a charge. This may vary depending on country and bank.
** Clients are reminded that cheques become out of date six months
after the date of issue.
*** VAT not payable for clients who bank with Fairbairn
Private Bank Limited in Jersey or who are resident outside of the
European Union.
**** For a sterling payment to the UK, if a client does not
specify the type of transfer required, payments for £2,500, or
below, will be made for 3 day value. Payments above £2,500 will be
made for same day value.
In addition to the above, from time to time certain transactions
may involve fees being deducted by our overseas agents. We reserve
the right to pass on any such charges levied. Details of charges
and fees for other services not mentioned above will be advised on
request or when the service is provided. If you have further
questions about our charges please contact us, we will be pleased to help.