Account opening requirements and tariff of charges

 

CURRENT ACCOUNT SERVICES

 

To open an account with anb, London Branch we expect Personal accounts to hold an initial credit balance of £25,000 or equivalent.

If the average balance falls below £10,000 or equivalent then an annual service charge may apply.

£150 per annum charged in December each year.

Corporate accounts (by negotiation only, subject to minimum tariff of:

£50 a month per customer for 25 transactions or less a month.

£150 a month per customer for 25 to 50 transactions a month.

£200 a month per customer for 50 to 100 transactions a month.

£300 a month per customer for over 100 transactions a month.

 

 

Statement arrangements

By negotiation.

 

Duplicated copies of statements - current month
Duplicated copies of statements - current year
Duplicated copies of statements - previous years

Free of charge

 

£3 per statement / month

 

£10 per statement / month
plus archival retrieval costs where required

Hold mail service (by prior arrangement only)

£75 per annum

Overdraft facilities

By arrangement

Unauthorised overdraft

Interest charged on or about the
27th of each month. Interest calculated at 5% over anb London base rate (details available by telephone)

Notifications re unauthorised overdrafts  

£25 per letter &/or e-mail

Cheques and direct debits returned unpaid or returned for any other technicality

£25 per item

Cheques credited to accounts and returned unpaid

£15 plus clearing bank and/or drawee bank
charge (if applicable)

Stopped cheques

£15 per item

Recall of standing orders or BAC’s credits

£15 per item

CLEAN PAYMENT CHARGES

Fax transfer requests for anb, KSA account holding customers via London branch

£20 fax
plus inward transfer charges

Payment orders received from our customers for account of third parties with anb, KSA and other Banks

0.1% - Min £25, Max £65
plus charge per SWIFT of £10 for UK SWIFTS or £15 for international SWIFTS 

anb KSA customers making payment only to anb, KSA (subject to presentation upon request of suitable identification i.e. Passport, Driving license).

£50

Drafts issued on behalf of ANB London customer

£25

 

FOREIGN EXCHANGE

 

 

Currency Encashment


Subject to a fee of 2%. Min £10

CLEAN COLLECTIONS

Collections in foreign currency drawn on our customers a/c

0.1% - Min £20, Max £60 plus any correspondent bank fees

Collection charges on cheques drawn abroad

0.2% - Min £15, Max £50 plus any correspondent bank fees

Outward Special presentations on behalf of our customers

£25 plus courier costs
(if applicable) plus any correspondent bank fees

 

INWARD TRANSFERS (From Branches of anb in the Kingdom)

0.25% Min £20. No Maximum

 

 

 

FIXED DEPOSIT

 

 

A fixed deposit may be placed with the bank up to 12 months in a currency acceptable to the bank and that bears a positive interest rate. Minimum deposit £50,000 or equivalent.


Interest will be paid at maturity only.

The deposit will be rolled for a like period unless otherwise specified or we receive instruction at least 2 business days before maturity.

Should the deposit be broken at the request of the account holder before final maturity, the bank reserves the right to charge break fee costs.

 

 

 

CARD SERVICES

 

DEBIT CARD

Issuance
POS and Cash withdrawals in GBP

POS and Cash withdrawals in other currencies

Free

Free

 

£2 fee per transaction plus foreign exchange conversion into GBP

 

 

 

STERLING VISA PLATINUM CARD (SVPC)

Note: This is a product issued by anb in Saudi Arabia and is available to Saudi Nationals or Iqama holders only, by application.

Annual Card fee
Annual fee Supplementary Card fee

£150.00 
 

£50.00

 

And as per SVPC Terms and Conditions available from the Branch on demand

 

 

 

 

 

OTHER CHARGES

Setting up of Standing Orders/Direct debits

£20.00 per Standing Order or Direct Debit

Note: once set up there is no charge for processing Direct Debits or Standing Orders over the account.

Customer Bill Payments

£15 per payment

Status enquiries/reference letters

£25 plus VAT

Fax or Swift charges


£15

Postage

£10 per consignment

Courier

£30 per consignment

Cash Orders

All supplier charges are passed on to customers, plus handling charge

Payment enquiries and other Investigations

 

Investigations where anb did not make the error
up to 6 months
over 6 months



£15 plus costs (where applicable) 
£50 plus costs (where applicable)

 

 

 

SAFE DEPOSIT BOXES  - MINIMUM RENTAL IS ONE MONTH

Customers

Size of Box

Rate

Small

£35.00 per month plus VAT

£70.00 per three months plus VAT

£150.00 per annum plus VAT

Medium

£70.00   per month plus VAT

£120.00   per three months plus VAT

£250.00 per annum plus VAT

Medium to Large

£110.00   per month plus VAT

£190.00   per three months plus VAT

£300.00 per annum plus VAT

Large

£150.00  per month plus VAT

£250.00 per three months plus VAT

£400.00 per annum plus VAT

 

 

 

Non-Customers:

Boxes to non-customers require separate approval on application and the following tariff shall apply:

Size of Box

Rate

Small

£60.00   per month plus VAT

 

£90.00   per three months plus VAT

 

£190.00   per annum plus VAT

 

Medium

£100.00   per month plus VAT

 

£270.00 per three months plus VAT

 

£400.00 per three months plus VAT

 

Corporate rates on Safe Deposit Boxes are by negotiation. Please contact the Branch directly for a quote

Special conditions on all Safe Deposit Box Agreements

A £250 refundable (upon cessation of agreement and return of both keys) deposit will be levied on all agreements taken out.

Safe Deposit Box holders will be charged £250 for loss of one or both keys.

Each Box holder is allowed eight (8) free visits per month. A fee of £10 per visit will be levied for each subsequent visit.