International Tariffs

 

 

 

TARIFFS ON INTERNATIONAL SERVICES

Last reviewed date: 11 April 2022

 

  
  Recovery Method LKR Account 
(Rs.)
Foreign Currency Accounts 
(USD)

Foreign Currency Notes

     
Sales Commission (“Issuing”)      
       
Foreign Currency Notes - total value BFCA/DFA/IIA/RGFCA/OIA  Auto 5% subject to minimum commission of Rs. 500/- 5% subject to min. commission equivalent to Rs. 500/-*
       
Migration purpose - Documentary charges   Manual Rs. 2,500/- USD 25
       
 Foreign Currency Notes - total value - PFCA  Automatic  -  1% subject to minimum commission to equivalent to Rs 500-
       

Foreign Currency Accounts (Excluding FCBU)

     
Account Maintenance      
Dormant with monthly average balance below USD 25- ( Excluding accounts maintaining Foreign currency FDs or other FC accounts) Auto   USD 5-p.m.
       
Transfers      
Manual Rupee & Foreign Currency Transfers  Auto   Equivalent to Rs. 150/-
       
Closure      
Closure Foreign Currency account Manual   USD 10/- or equivalent
       

INWARD REMITTANCES

     

Telegraphic Transfers- Inward

Telegraphic Transfer      
       
Handling Charges related to LKR/Foreign Accounts - BFCA/DFA/IIA /RGFCA/OIA Auto Rs. 400/- USD 5.00 or equivalent
       
Handling charges related to FCBU accounts Auto - USD 7.00
       
Handling charge - Repair Manual Rs. 300/- Equivalent to Rs. 300/-
       
Charges to revert to a remitting bank on discrepancies Manual Rs.1,000/- to Rs. 1,500/- USD 6/- to USD10/- or equivalent
       
 Handling charges - PFCA  Auto  -  PFCA - No charges
       
Cancellation of a remittance and return of funds to originating bank Manual USD 25 equivalent  USD 25 or equivalent 
       
Sent to other banks Rs-SLIPS/ SWIFT   Rs. 100/- USD 25 (or as per agreements with other Correspondent Banks)
       
Inquiries   Rs.1,000/- USD 5/-
       

Foreign Bank Cheques/Draft Purchase – Drawn on Overseas Bank

Foreign Bank Cheques/DraftPurchase      
       

Purchase of Bank Drafts Drawn in Foreign Currency on Overseas Bank

Up to USD 500

USD 501 – 1,000

USD 1,001 – 2,000

USD 2,001 – 5,000

USD 5,001 – 25,000

Above USD 25,000

Additional Charges:

Foreign Bank Charges on Cash Letter Services (Other Currencies refer Operations/FI Dept.)

 

 

 

 

Auto

 

Rs. 500/-

Rs. 750/-

Rs.  1,750/-

Rs. 2,750/-

Rs. 5,250/-

Rs. 7,750/-

 

USD 10/

GBP 2-

SGD 2-

0.25% Subject to minimum commission of USD10/-












USD 10/

GBP 2-

SGD 2-

       
Instruments purchased returned unpaid (In addition Foreign Bank charges if any to be recovered from the customer) Manual Rs. 500/- USD 5/-
       

Cheques / Drafts sent for collection - Drawn on Overseas Bank

Foreign Bank Cheques/DraftSent on collection      
       

Cash Letter Service (USD, GBP, EURO, AUD, CAD)

 

 

Foreign Bank Charges on Cash Letter Services (Other Currencies refer Operations/FI Dept.)

 Auto

 

 

 

Manual

Rs. 2,000/-

 

 

USD 10/

GBP 2-

SGD 2-

Rs.2,000/(equivalent if FC)

 

USD 10/

GBP 2-

SGD 2-

       

Clean collection (PLUS Foreign Bank Charges will be deducted on realization)

 

Courier charge

Auto

 

Manual

Rs. 1,000/-

 

Rs. 2,000/-

USD 10/

 

USD 15/-

       
Collection returned  Manual Rs. 500/- USD 5/-
    (In addition, Foreign Bank charges if any to be recovered from the customer)
       

Foreign Bank Cheques/Draft Purchase – Drawn on Local Bank in Sri Lanka

 USD Local Clearing - Purchase      
       
Purchase of Drafts drawn on other local banks in Sri Lanka Auto 0.25% minimum Rs.250/Maximum Rs.1,000- 0.25% subject to Minimum commission of USD 10/-
       

Foreign Bank Cheques/Draft Purchase/Encashment – Drawn on HNB

Purchase      
       
For HNB Account Holders   Nil Nil
       
Encashment      
       
Payment of cash over the counters for non-customers Manual Rs. 500/- Nil
       

Cheques / Drafts sent for collection - Drawn on Local Banks in Sri Lanka

USD Local Clearing - Collection      
       
Commission Drafts drawn on other local banks in Sri Lanka Auto Rs. 500/- per instrument 0.125%(Min -USD 5- & Max.USD25)
       
Drafts drawn by branches on International Division in US$ Currency   Nil Nil
       

Outward Remittances

Telegraphic Transfers- Outward ( Non Commercial Transactions)

 Telegraphic Transfer      
       

- Commission (Swift Included)

- In the event foreign bank charges are to be borne by the remitter 

 

 

 

 

#In the event foreign bank charges are to be borne by the remitter (tagged as “OUR” in field 71A in the SWIFT 103) Additional USD 15/- or equivalent levied as Foreign Bank Charge.

Auto/Manual

 

 

 

 

 

 

Auto/Manual

Rs 3,500- [ for education & other]

 

 

 

#

+ USD 15/-

 

USD 35-

 

 

 

#

+ USD 15/-

 

       
Telegraphic Transfer      
       

Cancellation refund or amendments

plus SWIFT 

Manual

Manual

Rs. 1,000/-

Rs. 500/-

USD 20/-

USD 5/-

       

USD SLIPS - Outward

 USD-SLIPS      
       
 Customer Transfers  Auto - USD 20/-
       

Bank Draft Issuance/Cancellation - Drawn on a Nostro A/C

     

Issuance of Foreign Currency Bank Draft on Nostro A/C and HNB

     
Issuance Commission       
USD Drafts  Up to USD 1,000/‐  Auto Rs. 300/‐ USD 5/-
USD Drafts  USD 1,001 up to 25,000/‐  Auto Rs. 1,000/‐ USD 10/-
USD Drafts  Above 25,000/‐  Auto Rs. 2,500/‐ USD 25/-
       
PLUS Cost of Swift MT 110 ( Please ensure MT 110 is sent to the drawee bank) Auto

Rs. 500/‐ USD 5/-
All other currency Drafts Commission:  Auto Rs. 1,000/‐ USD 10/-
 PLUS Cost of Swift MT 110 ( Please ensure MT 110 is sent to the drawee bank) Auto

Rs. 500/-

 USD 5/-
       
Cancellation      
Cancellation of Drafts Manual Rs. 750/- USD 5/-
Cancellation and Re‐issue of drafts Cancellation - Manual
Re-issuance - Auto
Rs. 1,000/- + Issuance charge USD 10/-
Stop Payments  Manual Rs. 1,500/‐ USD 15/-
SWIFT  Manual Rs. 500/‐ USD 5/-
Foreign Bank Charge for Cancellation (For currencies other than USD, STG, EUR, AUD please contact Operations Dept) Manual 

USD- 10,

STG- 15,

EUR- 30,

AUD- 40

USD- 10,

STG- 15,

EUR- 30,

AUD- 40

 
       

FCBU

     
Sales commission of issuing of foreign currency       
Issuing of Foreign Notes total value Auto   1% subject to min. commission equivalent to Rs. 500/-*
Statements      
Daily/Weekly  Auto   USD 20- p.m
Service Fee      
Balance Below Individual USD 2,000  Auto   USD 20- p.m
Balance Below Non-Individual USD 3,000  Auto   USD 20- p.m
Remittances      
(a) Inward T.T  Auto    USD 7-
(b) Outward T.T   as applicable to DBU 
 Inquiries And Amendments      
On Outward Remittances  Auto   USD 10-
       
Drafts      
(a) Local USD Drafts   as applicable to DBU  
(b) Foreign Drafts ( All Currencies )   as applicable to DBU
       
Standing Orders      
Standing Orders (between FCBU accounts) Auto   USD 2.5-
       
Balance Confirmations      
Balance Confirmations Auto   USD 5-
       
Closure      
Closure Of Accounts Auto    USD 25-
       
Transfers      
Manual Rupee & Foreign Currency Transfers Auto    USD 2-
       

TRADE

     

Letters of Credit

     
Issuance of LCSight [LKR]      
Commission applicable on the value + tolerance [for validity period of 90 days ]  Auto  0.5% with a minimum value of Rs 7,500- -
 LC extension upto 30 days  Auto  0.125% with a minimum value of Rs 7,500- -
       
 Issuance of LCUsance [USD]      
Commission applicable on the value + tolerance. [for validity period of 90 days ]  Auto - 0.5% with a minimum value of USD 50-
LC extension upto 30 days  Auto - 0.15% with a minimum value of USD 50-
Additional 30 days of Usance period  Auto - 0.15% with a minimum
       
Negotiation of import bills – Not under LC [LKR]      
Commission applicable on DP sight bills  Auto 0.5% with a minimum value of Rs 5,000- + SWIFT charge of Rs 750 -
Commission applicable on DP Usance bills  Auto 0.5% with a minimum value of Rs 5,000- + SWIFT charge of Rs 750- -
       
Negotiation of import bills – Not under LC [USD]      
Commission applicable on DP sight bills  Auto - 2% with a minimum value of USD 50- + SWIFT charge of USD 10-.
Commission applicable on DP Usance bills  Auto - 2% with a minimum value of USD 50- + SWIFT charge of USD 10-.
       

Shipping Guarantees

     
Issuance of Shipping Guarantees      
Commission  Auto 0.5% of the invoice value with a minimum charge of Rs 7,500- 1% of the invoice value with a minimum charge of USD 50-
       
Cancellation of Shipping Guarantees      
Commission  Auto  Rs 1,000-  USD 10-
       
Shipping Guarantee o/s exceeding 30 days [until cancellation ]      
Commission  Auto Rs 5,000- per month  USD 50- per months
       

Advance payments on Open Accounts

     
Commission Applicable on the payment amount of Advance payment for Commercial purpose      
Commission  Auto 0.5% Min charge – Rs 5,000- Max charge – Rs 25,000- -
       
Commission Applicable on the payment amount for imports on Open Account basis      
Commission  Auto 0.5% Min charge – Rs 5,000- Max charge – Rs 25,000- -
       

International Guarantees

     
Re-issuance of International Guarantees      
Commission  Auto - USD 500- [ minimum ]
       
Amendment to International Guarantees      
Commission  Auto - USD 250- [minimum ]
       
Advising fee      
Commission  Auto - USD 100-
       
Amendment advising fee      
Commission  Auto - USD 50-
       
(Tariff applicable for other Retail/International Txn. will be applicable where specific tariff has not been mentioned)      
 * (Revised)
 
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