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| Current Accounts |
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The following fees apply for each account held and are payable in arrears in March, June, September and December. |
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Sterling |
Non-sterling |
| Average balance* of at least £5,000 or non-sterling equivalent |
no fee |
no fee |
| Average balance* of less than £5,000 or non-sterling equivalent |
| - quarterly management fee |
£60 |
£60 (or currency equivalent) per currency |
| - per entry charge |
75p |
no fee |
| *the average balance is calculated using debit and credit interest balances for each period. |
| The following fees are payable in addition to any Current Account charges: |
Account Card |
| UK transactions: |
| - debit card |
no fee |
| - cash withdrawals |
no fee |
| - cheque guarantee |
no fee |
| Non UK transactions and cash withdrawals (Maestro): |
- The sterling amount for any non-sterling transactions and cash withdrawals using your Account Card will be calculated by applying the exchange rate provided to us by MasterCard International and a foreign exchange charge of 2.65%.
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Clearing House Automated Payment System (CHAPS) |
| Payment |
£25 |
Status Enquiries |
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Credit enquiries made on you will only be answered with your consent. A charge of £9.50 (inclusive of VAT) is payable by the enquirer. |
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Coutts Unarranged Overdraft Borrowing Rate
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Without prior arrangement |
26.00% pa 28.65% EAR |
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Unarranged Overdraft Fee
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Charge where, without prior agreement, you overdraw your account or exceed your overdraft limit. |
£35 |
International Banking Services |
| Below are the most common international services used and the fees applicable, which will be charged at the time of use. |
| Telegraphic transfer* |
£35 |
| Bankers Draft drawn on an agent abroad |
£25 |
| Crediting receipts from abroad(where beneficiary bears the charge) |
£15 |
| Payments under recourse in favour of an account in our books |
0.1%(min £25, max £50) |
| Arranging a cashing facility abroad |
£100 |
| *Overseas banks may charge their own commission. This charge will be levied if, when sending monies abroad, you opt to add such fees to the Coutts charge to ensure the beneficiary receives the full amount requested. |
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Obtaining proceeds of cheques payable abroad |
| By collection |
0.3%(min £30, max £90) |
| By negotiation (subject to recourse) |
0.3%(min £15, max £90) |
| Negotiation of sterling cheques |
as above, plus interest fee of 1% of value |
| Cheques returned unpaid |
£15 per cheque |
| Enquiry regarding fate of cheque |
£20 (per tracer) |
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Expenses, such as cable fees, agents' fees and VAT, where applicable, will be added. Fees relating to obtaining proceeds of cheques payable abroad apply whether or not a cheque is paid. When cheques are negotiated by the bank on your behalf, the Bank credits your account immediately. However, there is an unlimited recourse period attached to the negotiations of cheques and if the cheque is subsequently returned unpaid we will be obliged to debit your account. A charge may be levied for obtaining a missing BIC (Bank Identifier Code) and/or IBAN (International Bank Account Number) on outward payments. |
Currency and Travellers Cheque Service |
| Coutts counter service |
| Currency withdrawals |
1.5% of value |
| Sterling travellers cheques counter orders |
1% of value |
| Currency travellers cheques counter orders |
2% of value |
Home delivery service |
| Currency* |
no fee |
| Travellers cheques |
1% of value |
| *If sterling is required a charge of 1% of value (min £5) will be levied. |
Online Banking Service |
| To register for the OnlineBanking Service |
no fee |
Payments & transfers (per transaction) |
| CHAPS payments |
£20 |
| Telegraphic transfers |
£20 |
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| Cards |
| Where appropriate, fees are charged on each anniversary of the World Account opening, or when a Gold Card, euro Charge Card or US Dollar Gold Card Account is opened and on each anniversary thereof. |
Coutts World |
| Card fee |
£350 pa* |
| Additional cardholder fee |
no fee |
| Late payment charge |
2% of outstanding monthly balance Typical 53.9% APR* |
| Cash withdrawals |
2% of each withdrawal (minimum £1.50) |
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| *refunded if £50,000 or more is spent on the Card during the preceding twelve months, excluding cash withdrawals, travellers cheques, interest and charges. |
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Gold Credit Card |
| Card fee |
£90 pa* |
|
Additional cardholder fee |
£30 pa |
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Monthly borrowing rate
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1.15% Typical 28% APR |
| Cash withdrawals |
2% of each withdrawal (minimum £1.50) |
| *The following refunds will apply once the relevant spend thresholds are reached (excluding cash advances, travellers cheques, balance transfers, interest and charges): |
| Annual Spend |
Refund applicable |
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£35, 000 and over |
£90 |
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£25, 000 - £34, 999
|
£60 |
£15, 000 -
£24, 999 |
£30 |
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Classic Card
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| Card fee |
no fee |
| Additional cardholder fee |
no fee |
| Monthly borrowing interest rate |
1.35% Typical 17.5% APR |
| Cash withdrawals |
2% of each withdrawal (minimum £1.50) |
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Euro Charge Card |
| Card fee |
€30 pa |
| Additional cardholder fee |
no fee |
| Late payment charge |
2% of outstanding monthly balance Typical 7.6% APR |
| Cash withdrawals |
2% of each withdrawal (minimum €3) |
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based on a Monthly Spending Line of €1,500 |
US Dollar Gold Card |
| Card fee |
$175pa |
| Additional cardholder fee |
no fee |
| Late payment charge |
2% of outstanding monthly balance
Typical 27.2% APR |
| Cash withdrawals |
2% of each withdrawal (minimum $2) |
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based on a Monthly Spending Line of $1,500 |
The typical APR amounts shown above have been calculated under the compulsory Consumer Credit Act regulations, which require us to use a £1500 'notional' credit limit. The £1500 limit coupled with the annual card fee distorts the 'advertised' APR.
The sterling amount for any non-sterling transactions on Coutts World, Gold and Classic Cards, the euro amount for any non-euro transactions on a euro Charge Card and the US dollar amount on any non-US dollar transactions on a US Dollar Gold Card, will be calculated by applying the rate of exchange provided to us by MasterCard or VISA plus commission of 2.75%. |
Safe Custody |
| The following fees (unless otherwise stated) are charged in advance, in March, and are shown inclusive of VAT. No fees are payable for holding wills where the Bank is named as executor. |
| Small Envelopes |
£10 pa per item |
| Small/medium boxes, pictures, deeds, packages and large envelopes |
£50 pa per item |
| Large boxes, chests, trunks, pictures, suitcases and deed boxes |
£110 pa per item |
| List of items held |
no fee |
| Access to items* |
no fee |
| *We reserve the right to charge for valuation visits. |
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| Ancillary Services |
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| Certificate of Balance (ie, by letter) |
£30 |
| Duplicate Certificate of Interest |
£10 |
| Dishonoured cheques, direct debits or standing orders |
£30 |
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Statements (including card Statements)
Replacement/copy (sterling
and currency) |
no fee if occasional, £5 per sheet if regular user |
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Additional |
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| - Daily |
£500 pa |
| - Weekly |
£115 pa |
| - Monthly |
no fee |
| These fees are applicable on or after 1 November 2006, but they are reviewed from time to time and any changes will be notified to you in advance. Fees for individual services outside this standard tariff can be provided at any time upon request and will be advised to you when you first use the service. Fees for borrowing are assessed separately for each facility. |
| For further details of any items described here, please contact your private banker |
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Credit and other card facilities: over 18s only.
The Coutts US Dollar Gold Card and Euro Charge Card are issued by The Royal Bank of Scotland International Limited (RBS International). Coutts is a trading name of the Royal Bank of Scotland International Limited. Registered office: 71 Bath Street, St Helier, Jersey, JE4 8PJ. Regulated by the Jersey Financial Services commission for carrying on banking and investment business.
Our services are not offered to any person in any jurisdiction where their advertisement, offer or sale is restricted or prohibited by law or regulation or where we are not appropriately licensed.
APR stands for Annualised Percentage Rate and is the annual percentage rate of the total charge for credit. It takes a total amount of interest paid over the entire loan period and takes into account charges you have to pay during the loan period. Ther purpose of APR is to help you compare the true rate of borrowing.
EAR stands for Effective Annual Rate and is the real cost of an overdraft, stated as an annual fee, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, will be shown separately from the EAR.
Calls may be recorded. | |
