Treasury Operations
| a. Transfer from FCDA to Current Account (MK) | ||||
| with another bank | ||||
| i. Transfer cost | 1% Min. K2,500, | |||
| Max K20,000 | ||||
| ii. ATS Transfers Charges a. Transfers up to 3. 00 p.m |
K10,000 | |||
| b. Transfers after 3.00 p.m | K31,250 | |||
| b. Payment ( via Swift instruction) from Vostro Account i. Transaction Cost |
1% Min. K2,500, Max. K20,000 |
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| c. Transfer from FCDA to Current Account maintained with NBM i. Processing Cost |
No charge | |||
| ii. Swif to foreign paymensts for Malawi Kwacha accounts |
No charge | |||
| d. Transfer from FCDA to other banks in foreign currency i. Processing of salaries |
USD6/employee | |||
| ii. Processing of other transactions | USD35/transfer | |||
| iii. Swift Message | USD 20 per message | |||
| e. | Dishonoured Foreign Cheques - our charge | USD60 or its equivalent plus Agent Bank Charge |
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| f. Returning Funds i. Processing Cost |
USD36 or its equivalent | |||
| ii. Swift Message | USD20 per message | |||
| g. Postage on Foreign Cheque Deposited to FCDA’s (bureaus only) |
USD30 per Deposit | |||
| h. Certificate of Balances - Commission |
USD36/ Certificate | |||
| i. | Copy Statement - Same year |
USD10 | ||
| - 1 to 2 years | USD36 | |||
| - Over 2 years to 7 years | USD60 | |||
| j. | Investigation Beyond | 6 months | USD60 per request | |
| k. | Account Closure Fee | USD30 | ||
