Professional Documents
Culture Documents
SCB Tariff 2021
SCB Tariff 2021
SCB Tariff 2021
Guide Ghana
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Effective February 28th, 2021
I
TABLE OF CONTENT
Accounts 1 Export LCs 8
Personal Banking 1 Bills for Collection 8
Current Account 1 Guarantees 8
Savings Account 1 Foreign Currency Accounts 8
Affluent 1 Commission On Turnover- FEA & FCA 8
Current Account 1 Telegraphic Transfers 8
Savings Account 1 Foreign Deposits 8
Foreign Currency 1 Foreign Cash Withdrawal 9
Current Accounts 1 Statement Request 9
Commission on Turnover FEA & FCA 1 Wealth Management 9
Debit Card 2 Corporate, Commercial & Institutional Banking 10
Local Currency 2 Virtual Accounts 10
Foreign Currency 3 Statement and Reporting 10
Credit Cards 3 Payment Services Mobile Money Transfers 10
Personal Loans 3 Local Currency Inter-Bank Transfer 10
General Banking Services 4 Book Transfers 10
Cheques 4 Foreign Currency Transfers/OTT 10
Personal Cheque/Withdrawal book 4 Foreign Currency Collections / ITT 10
Clearing 4 Cheques issuance 10
Returned Cheque 4 Returned Cheques 10
Statement Request 4 Collections Services Direct Debit Transactions 11
Standing Orders 4 Local Currency (GHS) Cash & Cheque Deposits 11
Money Transfer (In Country) In-Branch Request 4 Pick Up/Delivery Services 11
General Banking Services 5 Channels: Straight2Bank (S2B) Web Setup and
Money Transfer (In Country ) Online Request 5 Implementation 11
Money Transfer (International) 5 Virtual Accounts 11
Salary Processing 5 Miscellaneous One off charges 11
Digital Banking Services 5 Investigations Inquiry > 6 months: Best effort 11
Foreign Cash Withdrawal 6 Inquiry > 6 months 11
Foreign Deposits 6 Trade Imports 11
Clearing 6 Letter of Credits excl VAT 11
Back-to-Back Letter of Credits 11
Business Banking 7
Revolving Letter of Credits 12
Local Currency Account 7
Amendments to Letter of Credits 12
Monthly Service Charge 7
Local Currency Cheques 7 Trade Exports 12
Clearing 7 Documentary Import Bills for Collection 12
Returned Cheque 7 Letter of Credits 12
Standing Orders 7 Confirmation of Letters of Credits 12
Digital Channels 7 Transfer of Letter of Credits 12
Statement Request 7 Discounts 12
Confirmation/ Letter of Intent 7 Export Bills for Collection 12
Pick Up/Delivery Services 7 Guarantees/Bonds 12
Local Currency Accounts 7 Standby Letter of Credits 12
Letters of Credit 8 Miscellaneous 12
Import LCs 8
II
Accounts
Personal Banking
Local Currency
Current Account Initial Opening Balance Minimum Balance Monthly Service Charge
Standard Current GHS 100 Nil GHS 20 Flat
Account
Access 247 GHS 20 Nil GHS 5
e-Current Account GHS 50 Nil GHS 5
e-Youth Account GHS 20 Nil GHS 2.50
Personal Banking
Savings Account Initial Opening Balance Minimum Balance Monthly Service Charge
Savings Plus GHS 100 GHS 100 FREE
My Dream Account GHS 200 GHS 100 FREE
After 4 branch withdrawals, customer forfeits interest for the month
e-Savings Account GHS 50 Nil FREE
Affluent
Priority Banking Total Balance on all accounts held is GHS 165,000.00
Local Currency
Current Account Initial Opening Balance Minimum Balance Monthly Service Charge
Premium Current Account GHS 1,000 Nil GHS 25
Diva Club Current Account GHS 1,000 Nil GHS 20
* No Monthly Service Charge for average balances above GHS 10,000
Savings Account Initial Opening Balance Minimum Balance Monthly Service Charge
Premium Savings Account GHS 1,000 GHS 500 FREE
Foreign Currency
Initial Opening Balance
Current Account $500, £250, €300
Commission On Turnover- FEA & FCA
Average Credit Balance USD EUR GBP
<5k 5 5 5
5k - 10k 15 15 15
10k - 15k 25 25 25
25k - 50 45 45 45
50k - 100k 65 65 65
100k - 200k 80 80 80
>200k 100 100 100
1
Debit Cards
Personal Banking
Local Currency
Card issuance fee Re-issuance fee Maintenance fee per month
Visa Gold GHS 20 GHS 20 GHS 15
Visa Gold (Access 247) GHS 20 GHS 20 FREE
Visa Gold (e-account) FREE GHS 20 FREE
GHS 2.50 (applicable on only
e-savings account)
GHIPSS EMV Card GHS 35 GHS 35 GHS 15
Non collection of cards after 3 GHS 15
months
Lost/damaged cards GHS 20
Courier charges (Upon GHS 12
request for delivery)
Affluent
Local Currency
Card issuance/re- Maintenance fee per month
issuance fee
Visa Platinum GHS 50 GHS 25
Visa Infinite (By invitation) GHS 100 GHS 35
Non collection of cards after 3 months GHS 20
Lost/damaged cards - Platinum GHS 50
Lost/damaged cards - Infinite GHS 100
2
Debit Cards
Foreign Currency
Card issuance/re-issuance USD EURO GBP
Visa Gold 5 4 3
Visa Platinum 15 12 10
Visa Infinite (by invitation) 18 15 13
Credit Cards
Annual Fee Primary (GHS)
Platinum 120
Infinite 300
Personal Loans
Arrangement Fee (Spread over loan term)
New Loans 2.5%
Top Ups 2.0%
Early Settlement Fee 0.25% (on loan balance)
3
General Banking Services
Cheques
Personal Cheque/Withdrawal book
25 leaflets Savings Account withdrawal book GHS 25, USD 4.5 , EURO 3.5 , GBP 3
25 leaflets Current Account cheque book GHS 25, USD 4.5 , EURO 3.5 , GBP 3
Clearing
Special Clearing GHS 50 FLAT
Local Clearing FREE
Returned Cheque
Insufficient funds 10% of value
Other Technical Reasons GHS 20
Statement Request
Balance Confirmation GHS 6 per sheet
Treasury Bill Statement GHS 6 per sheet
Duplicate statements GHS 6 per sheet
Visa statements GHS 7 per sheet
Standing Orders
Internal FREE
External GHS 5
Standing order default for insufficient funds GHS 15
Note Instruction will be cancelled after third instance of default
4
General Banking Services
Money Transfer (In Country ) Online Request
GIP 1% of face value, Min 0.50 pesewas , Max GHS 5
GIS GHS 12
ACH Platform 0.25% of Face Value, Min GHS10, Max GHS100
Bank Cheque / Cashiers’ Order 0.25% of value, Min GHS 20, Max GHS 50
Salary Processing
Automated Processing Free
Manual Processing 0.50 pesewas
5
General Banking Services
Foreign Cash Withdrawal
FCA Accounts 2.5% of value
FEA Accounts Free
FEA Accounts 2.5% of value if funds is a transfer or cheque deposit
Foreign Deposits
Cash deposit into FEA account (GBP & EURO) FREE
Cash deposit into FEA account (USD, New 100/50 bills)* FREE
Cash deposit into FEA account (USD, Old 100/50 bills)* 2.5% of face value, No Max
Cash deposit into FEA account (USD, 20/10/5/1 bills)* 2.5% of face value, No Max
*Charges for Exportation
Foreign Cheque Deposits 0.50% of face value, No Max
Foreign Transfer from FCA into FEA 0.50% of face value, No Max
Clearing
Special Clearing USD 25, EUR 20, GBP 15
Returned Cheques 10% of transaction value
6
Business Banking Business Banking
Local Currency Account Local Currency Inter-Bank Transfer
Initial Opening Balance Electronic ACH / RTGS
Current Account 4,000 Instruction GHS 2.50
International Trade Account 4,000 Electronic GIS GHS 12.00
Savings Account (Initial Opening Bal.) 4,000 Manual ACH / RTGS Instruction GHS 7.5
Minimum operating balance 2,000 Manual GIS GHS 15.00
Inward Direct Debit GHS 2.50
Monthly Service Charge Outgoing Ghana Instant Pay (GIP)
GHC 50K transaction GHS 10
GHS 60
Manual Salary Processing GHS 2.50
GHC50K- GHC 100K GHS 80
Electronic Salary Processing GHS 1.0
GHC100K- GHC 200K GHS 200
< GHC 200K GHS 300
Book Transfers
Electronic LCY Book Transfer No Charge
Local Currency Cheques
*Electronic FCY Book Transfer No Charge
100 leaves Cheque book GHS 50
“FEA to FCA transfers are not
permitted by law”
Clearing
Manual Book Transfer (LCY & FCY*) GHS 5.00 USD 2.00
Special Clearing GHS 60 Externalisation Charge 1.5% of value
Local Clearing Free (additional to the regular
transfer fees)
Returned Cheque
Insufficient funds 10% of value or Min Statement Request
GHS 50 Statement (per sheet) GHS 5 per sheet
Other Technical Reasons GHS 40 Duplicate Statement GHS 5 per sheet
Stopped Cheque GHS 25 Visa statements GHS 5 per sheet
Cheque/ Voucher retrieval GHS 30 Dating beyond 1yr GHS 5 per sheet
Screen Printed/ Interim Statement
(per sheet) GHS 5
Confirmation/ Letter of Intent
Account Closure Free
Introductory/ Comfort Letter GHS 50
Auditors Confirmation / Account GHS 150
Standing Orders
Equity Confirmation GHS 250
Internal Free
Business Registration Confirmation GHS 200
External GHS 5
Standing order default for insufficient
funds GHS 20 Pick Up/Delivery Services
Note instruction will be cancelled Cash/ Cheque Pick up (intra city) “GHS 60 per pick
after third instance of default weekday,
GHS65 per pick
weekend /holiday.
Digital Channels
Inter city charge to be
Straight2Bank - Setup & negotiated.”
Implementation
Local Currency Accounts
Set-up and Implementation Free
Outward Telegraphic Transfer
Maintenance Fee Free
International (All others)- Manual 1.5% of value, Min
S2B Reactivation of expired user GHS200, USD40,
profile Free EUR36, GBP30, No Max
S2B Info Manager access fees Free International (All others)- Online 0.75% of value, Min
H2H – Set up and Implementation GHS 1,500 GHS 200, $40, Eur36,
GBP30, No Max
Amendment for outward transfer
100 Flat
instruction
Inward TT Free
7
Business Banking Business Banking
Letters of Credit Guarantees
Import LCs Establishment / Issuance of Commission charged
guarantee upfront at 1% per
“Establishment - Issuance 1.0% pq(sight) and
quarter, subject to a min
Commission for Sight/Usance LCs" 1.5%pq(usance)or
of GHS500
part thereof +SWIFT
+ Courier cost( to be Amendments (Extension/Increase in As bove on the
taken upfront) value) enhanced amount
+SWIFT
Swift Charges GHS 150 Other Amendment GHS 200+ Swift
Courier Cost per parcel As per DHL Tarrif Local Courier Charge GHS 150
Discrepancy Fee GHS 250
Drawing under LC (Presentation) 0.5% of Value Foreign Currency Accounts
Confirmation 0.5% per quarter, Min Initial Opening Balance
600 to be taken upfront
Current Account $1,000, £1,000,
Amendment Commission As per issuance €1,000
(Extension/Increase in amount) commission on the
Savings Account $1,000, £1,000,
enhanced (extension or
€1,000
increase in amount) +
Minimum Operating Balance $1,000, £1,000,
SWIFT, taken upfront
€1,000
General Amenments GHS 200+ Swift
8
Business Banking Business Banking
Foreign Cash Withdrawal Statement Request
FCA Accounts 2.5% of value Visa Statement GHS 5 per sheet
FEA Accounts Free Duplicate Statement GHS 5 per sheet
FEA Accounts 2.5% if funds is a
transfer or Cheque
deposit
Wealth Management
Products Market Minimum Subscription Amount Minimum Charge Maximum Charge
Wealth Builder Secondary 100 USD/100 EUR/100 GBP per 0.5% of investment 5% of investment amount
month amount
Mutual Funds Secondary Initial subscription amount is 0.5% of investment 5% of investment amount
1,000 USD/1,000 EUR/1,000 GBP. amount
Subsequent amount is 1,000
USD/1,000 EUR/1,000 GBP
Fixed Income- Secondary GHS 10,000 for Local bonds and 0.25% of face value 3% of face value
Notes Notes
For foreign bonds, the Issuer’s
Bonds (local &
minimum Lot Size is applicable
foreign)
Treasury Bills Secondary GHS 100 No charge No charge
FX (Spot) Secondary $5,000 and its equivalence for Min of 0.1% 3% for all non-online/advised
advised deals Forex transactions
Wealth Management
Wealth Lending
Segment Priority clients Personal clients Penal rate
Qualifying Collateral Marketable securities Fixed deposit
and Fixed Deposit
Local Currency Rate – (Reference rate + Ghana reference rate Ghana reference rate
Margin) (GRR) + 5.56% (GRR) + 5.56% 30%
Foreign Currency Rate – (Reference rate + LIBOR + 4.63% LIBOR + 4.63% 10%
Margin)
Arrangement Fee - Maximum Charge 1% 1%
9
Corporate, Commercial & Corporate, Commercial &
Institutional Banking Institutional Banking
Local Currency Local Currency Inter-Bank Transfer
Initial Opening Balance Electronic GIS Instruction GHS 12.00
Current Account 1,000 Manual GIS Instruction GHS 15.00
Savings Account 3,000 Electronic ACH / RTGS Instruction GHS 2.50
Manual ACH / RTGS Instruction GHS 7.5
Minimum Operating Balance Inward Direct Debit GHS 2.50
Outgoing Ghana Instant Pay (GIP)
Current Account 0
transaction GHS 10
Savings Account 2,500
Manual Salary Processing GHS 2.50
Electronic Salary Processing GHS 1.0
Local Currency Current Account
Inward Transfer from Airtel mobile Insufficient funds 10% of value, Min 50
wallet to bank account GHS 2 Other Reasons GHS 20
Cheque/Voucher retrieval GHS 30
Stopped Cheques GHS 25
10
Corporate, Commercial & Miscellaneous
One off charges
Institutional Banking Bank Confirmation Free
Collections Services Full Audit confirmation Free
Direct Debit Transactions Proof of payment (SWIFT) GHS 10
Direct Debits (credit on value date) GHS 2 Beneficiary advising (e-mail & Fax) GHS 0.50
Direct Debit from SCB (Manual) GHS 4.5
Direct Debit from SCB (Electronic) GHS 1.50 Investigations
Direct Debits Mandates Management GHS 0.80 per mandate Inquiry > 6 months: Best effort
Direct Debit Rejects (per reject) GHS 1.50 Recall of funds Free
Pick Up/Delivery Services Issuance Commission for Sight/ 1% per quarter (sight)
Usance LCs and 1.5% per quarter
Cash/Cheque Pickup (intra city) GHS 60 per pick (usance) or part thereof
weekday; GHS 65 per + SWIFT + Courier cost
pick weekend/holiday. (to be taken upfront)
Inter city charge to be SWIFT GHS 150
negotiated Drawing under LC (Presentation) 0.5% of value
Onsite Teller GHS 2000 monthly Discrepancy Fee USD150 or equivalent
per teller
LC Confirmation Commission charged
at 0.50% per quarter
Channels: Straight2Bank (S2B) Web
upfront
Setup and Implementation Back-to-Back Letter of Credits
S2B – Setup and implementation Free
1% per quarter
S2B – Monthly Maintenance fee Free (sight and 1.5%
S2B – Approver token (per device) Free per quarter (usance)or
part thereof
S2B – Password resets user Free
+ SWIFT + Courier cost
S2B – Replacement of approver (to be taken upfront)
device
S2B – Reactivation of expired user
profile Free
S2B – Info Manager access fees Free
H2H – Set up and Implementation GHS1500
Virtual Accounts
Per setup - one off GHS 100
Maintenance fee - per month GHS 35
11
Corporate & Institutional Banking Corporate & Institutional Banking
/Commercial Banking /Commercial Banking
Revolving Letter of Credits Export Bills for Collection
12
Service and Price Guide Ghana
sc.com/gh
13