Service Charges And Rate Guide

As your preferred financial partner, we remain committed to maintaining an open and transparent relationship with you. In keeping with this promise, we have listed below full disclosure of our rates, fees, and other pricing dynamics in relation to our service offerings.

 

Please note that all charges are subject to Value Added Tax (VAT) of 7.5%

 

S/N

CATEGORY

FEE (NGN)

VAT (7.5%)

TOTAL CHARGES

1

Hard Token

2,500.00

187.50

2,687.50

2

Reference Letter

500.00

37.50

537.50

3

Embassy Letter

500.00

37.50

537.50

4

Cheque Book (100 Leaves)

3,000.00

225.00

3,225.00

5

Cheque Book (50 Leaves)

1,600.00

120.00

1,720.00

6

Cheque Book (25 Leaves)

800.00

60.00

860.00

7

Legal Search Fee

10,000.00

750.00

10,750.00

8

Credit Bureau Check Fee

5,000.00

375.00

5,375.00

9

Statement Charge

20.00/Page

1.50

21.50

10

Confirmation Letter

500.00

37.50

537.50

11

Account Maintenance Charges

1.00/Mille

0.075

1.075

12

Bank Draft (Managers Cheque) ISSUANCE

300.00

22.50

322.50

13

NIP Transfers

 

10,000 Or Less

10.00

0.75

10.75

50,000 To 10001

25.00

1.875

26.875

Above 50,000

50.00

3.75

53.75

14

RTGS Transfers

950.00

71.25

1,021.25

15

NAPS Transfers

15.00/transfer

1.125

16.125

16

NEFT

15.00/transfer

1.125

16.125

17

Ebills Pay

100.00

N/A

N/A

18

Custom Import Duty

0.0003 of the Face Value

N/A

N/A

19

Remitta

150.00

11.25

161.25

20

Unauthorized O/D

32% on Authorized OD

N/A

32%

21

FCY Transfers:

0.50

0.0375

0.5375

22

Swift Charge

5,000.00

375.00

5,375.00

23

VAT

7.50

N.A

N/A

24

Cash Handling

N/A

N/A

N/A

25

LC Issuance Commission

Based on the LC approval

N/A

N/A

26

Post Neg Charge

Based on accrued interest on balance outstanding for the customer

N/A

N/A

27

Pre Neg Charge

Based on accrued interest on balance outstanding for the customer

N/A

N/A

28

LC Amendment Charge

2,000.00

150.00

2,150.00

29

Swift Charge

5,000.00

375.00

5,375.00

30

Form M Charge

8,000.00

600.00

8,600.00

31

Credit Check

5,000.00

375.00

5,375.00

32

Prime Brokerage Settlement Fee

0.019%(NGN) and 0.05%(USD) of the Face Value

N/A

N/A

33

Security Custodian Fee

0.0625% of Face Value * Tenor to maturity/365days +N100 transaction fee

N/A

N/A

34

All inflows above NGN10,000.00 are subject to Stamp Duty Charge

50.00/inflows

3.75

53.75

 

 

 

For further enquires please contact us via email crc@coronationmb.com and telephone 01-2797640-43

Why We Should be Chosen

a. Pricing Excellence –We create an efficient pricing structure that ensures that our clients achieve maximum benefits from our products and services

b. Resource Efficiency – We maximize our resources to the benefit of our clients. Our people, products and networks are at your disposal at all times.

c. Product Platforms – We will adopt the most up to date technological platforms. Our technology architecture is robust and will meet all your needs in a cost-effective manner.

d. International Partnerships – We leverage our networks for best-in-class solutions to your banking needs across geographies.

e. Service Automation – We ensure that through the automation and digitization of our product offerings, we provide clients with a seamless customer experience.

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