Business Account Fees

Note:

1. The monthly maintenance fee is free of charge for business account holders who make monthly transactions (exchanged to CAD) of 30,000 CAD or more via SWIFT Transfer. The monthly Maintenance Fee shall be applied if the monthly transaction does not meet the above conditions.
2. "Variety of fees" encompasses charges that intermediary banks may impose according to their policies. These fees, if applicable, may have been deducted from the transaction amount. DNBC does not have control over these intermediary bank fees. 
   An intermediary bank is a bank that acts on behalf of the sending bank to facilitate international money transfers via the SWIFT network. This type of bank is needed when the sending and beneficiary banks don’t have an established relationship. They’ll often charge their fee for their services, impacting the amount your recipient gets.
3. D – current working date, Canada time zone, cut-off time at 04:00 PM.
   D+1 – The value date is on the following working day in the Canada time zone.
   D+2 - within 2 days from the current working day, Canada time zone.
4. 0.25% of the total amount of transactions.
   Maximum transaction fee capped at 175 CAD for Urgent D+2.
   Based on your request, an additional charge of 25 CAD shall be applied to Express D+1
5. A Global Account is a collection capability offered by DNBC Global Wallet for the sole purpose of receiving deposits. It grants you access to account details that enable you to collect funds in the currency preferred by your sender, either locally or through the SWIFT network
6. Applicable with a transaction amount of over 412,500 CAD.
   This service charge is an extra fee for large transactions to check documents and scan KYC compliance. 
   The processing fee is still fixed based on the information in the above table.
7. The adverse interest is calculated at the end of each day.
   The adverse interest is debited at the end of each month for the previous month and debited directly from the respective account.
   The negative interest rate is currently 1% annually.
   The calculation for each month is 1/12th of the interest rate.
   The adverse interest will be charged as of 01 May 2022 until further notice.
8. For more details, please read the Global Wallet Transfer Fee PDF file.