Credit Bank of Albania

Terms and Conditions

1. Products

No.	Bank Products		ALL	EUR	USD
1	Current Accounts
1.1	Opening		FREE	FREE	FREE
1.2	Closing		FREE	FREE	FREE
1.2.a	But if closed within 3 months opening	-Companies	1500	15	15
		-Individuals	700	10	10
1.3	Maintenace Seminannually Commisions 6-months	-Companies	1500	15	15
		-Individuals	700	10	10
1.4	Minimum Balance	-Companies	1500	15	15
		-Individuals	1000	10	10
1.5	Account Statement		FREE	FREE	FREE
1.6	Cash Deposit (0+1V.D)		FREE	FREE	FREE
1.7	Cash Withdrawal(1)		FREE	FREE	FREE
2	Time Deposits
2.1	Minimum balance(2)		10,000	1,000	1,000
3	Payments
3.1	Outgoing Transfer
3.1.a	Whithin CBA		FREE	FREE	FREE
3.1.b	To other banks(3)
	CBA clients		1 day (V.D) 500 for amounts less than 1,500,000	2 days (V.D) 0.2% (Min 10-Max 200)	2 days (V.D) 0.2% (Min 10-Max 200)
	Non CBA clients		1,500 for amounts 1,500,000 and above	0.25% (Min 15-Max 300)	<0.25% (Min 15-Max 300)
	Preferential clients		N/A	0.15% (Min 5-Max 150)	0.15% (Min 5 - Max 150)
3.1.c	To other banks (Express V.D) As per approval of the Treasury Department
	CBA clients		Normal charge + 1000	0.25% (Min 15-Max 300)	0.25% (Min 15-Max 300)
	Non CBA clients		Normal charge + 1000	0.30% (Min 20-Max 300)	0.30% (Min 20-Max 300)
	SWIFT charges		N/A	10	10
3.2	Incoming transfer(4)
	CBA cilents		FREE	0.10% (Min 10-Max 50)	0.10% (Min 10-Max 50)
	Non CBA clients		FREE	0.2% (Min 10-Max 70)	0.2% (Min 10-Max 70)
	Transfer return commision		N/A	20	20
4.	Cheques
4.1	Cheques Book of CBA
	Book of 10 cheques		400	4	4
	Book of 25 cheques		800	8	8
	Book of 50 chques		1500	15	15
4.2	Bank Drafts
4.2.1	Insurance of Bank Draft of CBA
	Payable at CBA counters
	CBA clients		0.10% (Min 200- Max 1000)	0.15% (Min 10- Max 100)	0.15% (Min 10- Max 100)
	Non CBA clients		0.10% (Min 500- Max 2000)	0.20% (Min 15- Max 100)	0.20% (Min 15 - Max 100)
	Payable abroad
	CBA clients		N/A	5	5
	Non CBA clients		N/A	10	10
4.3	Personal cheque receipt and payment
	Payment cheque of CBA
	In favor of a CBA client		FREE	FREE	FREE
	In favor of a non CBA client		FREE	0.20% (Min 10 - Max 200)	0.20% (Min 10 - Max 200)
	Collection of cheque of other banks		FREE	0.10% (Min 2 - Max 50) + 1 (Postage)	0.10% (Min 2 - Max 50) + 1 (Postage)
	Travelers cheque
	Sales and receipt of travelers cheques
	CBA clients		N/A	0.5% (Min 1 - Max 100)	0.5% (Min 1 - Max 100)
	Non CBA clients		N/A	1% (Min 2 - Max 200)	1% (Min 2 - Max 200)
	DHL			50	50
(1)Cash withdrawals for the amounts above ALL 500000 (or equivalents in any currency), require 1(one) working day prior notice.
(2)In case of cancellation before maturity is applied debit interest (credit interest rate +2%) but not to exceed the amount of the credit interest.
(3)When the commision are OUR the ordering customer will pay the correspondent bank charges and the beneficiary bank charges.
(4)When the commision are OUR the minimum of charges we request from the ordering bank

 

No.	BankProducts		ALL	EUR	USD
A	Documetary credits
1	Imports		Every three months	Every three months	Every three months
1.1	Against cash collateral		0.20% (Min 3500- Max 20000)	0.20% (Min 35- Max 200)	0.20% (Min 35 - Max 200)
1.1.1	Insurance commision		1500	15	15
1.1.2	Amendament commision		40% of the interest rate offered by the correspondent bank	40% of the interest rate offered by the corresondent bank	40% of the interest rate offered by the correspondent bank
1.1.3	Interest on cover funds		Every quarter 0.15% (Min 4000)	Every quarter 0.15% (Min 40)	Every quarter 0.15% (Min 40)
1.1.4	Confirmation Commision		0.20% (Min 5000)	0.20% (Min 50)	0.20% (Min 50)
1.1.5	Payment Commision		0.20% (Min $ 50)	0.20 % (Min 50)	0.20% (Min 50)
1.1.6	Deferred payment Commision		3500	35	35
1.1.7	Cancellation commision		1200	12	12
1.2	SWIFT Commision(1)		Charges of correspondent banks, if any.	Charges of correspondent banks, if any.	Charges of correspondent banks, if any.
1.3	Other commisions
2	Exports		0.10% (Min 4000- Max 30000)	0.10% (Min 40- Max 300)	0.01% (Min 40 - Max 300)
2.1	Advising commision		1000	10	10
2.2	Amendment commision		0.15% (Min 5000)	0.15% (Min 50)	0.15% (Min 50)
2.3	Payment/Negotation commision		0.15% (Min 4000)	0.15% (Min 40)	0.15% (Min 40)
2.4	Confirmation commision(2)		0.15% (Min 5000)	0.15% (Min 50)	0.15% (Min 50)
2.5	Deferred payment commision(2)		1200	12	12
2.6	SWIFT commison(1)		1000	10	10
2.7	Cancellation commision		0.10% (Min 5000 - 35000)	0.10% (Min 50 - Max 350)	0.10% (Min 50 - Max 350)
2.8	Transfer to the third party		3500	35	35
2.9	DHL
2.10	Other commisions		Charges of the correspondent banks, if any.	Charges of the correspondent banks, if any.	Charges of the correspondent banks, if any.
B	Guarantees
1	Against collateral in cash		500	5	5
1.1	Commison account holder others		1000	10	10
2	Against pledge deposits		0.10% (Min 500)	0.10% (Min 5)	0.10% (Min 5)
2.1	Commision for every month of part thereof		In accordance with relevant time deposits interest rate	In accordance with relevant time deposits interest rate	In accordance with relevant time deposits interest rate
2.1.1	Interest of pledged time deposits
3	Against counter-guarantees of banks abroad(3)
3.1	Bid Bonds (for every month or part thereof)(4)		0.10% (Min 5000)	0.10% (Min 50)	0.10% (Min 50)
3.2	Other (for every three months of part thereof)		Min 0.15% - Max 0.50% (Min 5000)	Min 0.15% - Max 0.50% (Min 50)	Min 0.15% - Max 0.50% (Min 50)
	Bid Bonds		0.30% (Min 5000)	0.30% (Min 50)	0.30% (Min 50)
	Other types performance bonds and advance payments		0.40% (Min 10000)	0.40% (Min 100)	0.40% (Min 100)
C	Loan - Credit facilities
1	Arrangement fees		15000 - 50000	150 - 500	150 - 500
2	Commitment fee		1%	1%	1%
3	Renewal		10000	100	100
4	Commision on highest overdrawn balance		0.5% each month	0.5% each month	0.5% each month
5	Interest on credits		under negotation	under negotation	under negotation
D	Others
1	Investigation
1.1	Within the same year		300	3	3
1.2	In the past years		2000	20	20
2	Escrow accounts		800	8	8
3	Certificate for time deposits		300	3	3
4	Letter confirming a/c balance		1000	10	10
5	Certificate for confirming non-relationship		1000	10	10
6	Certificate for confirming relationship		500	5	5
7	Auditing certificate for balances, etc.		2500	25	25
(1)For every message.
(2)Confirmation/Deferred payment undertaking may be given after the approval of Head Office. Charged to the customer only when the charges are to beneficiary's account under the L/C.
(3)May be issued only after the approval of Headoffice
(4)Transactions above USD 500,000 are subject to negotation.

Notes:

1. This list repalces all the pervious lists.
2. The rates and amounts may be changed from time to time by the Bank without any prior notice to the customers.
3. For commisions and fees in currencies other than ALL, EUR, USD refer to the commision in the USD currency. The convertion will be done by applying our Bank's daily exchange rates.
4. The list is applicable only to normal banking customers and shall not apply to Banks, Financial & Credit Institutions and Exchange Offices. Transactions with such subjects shall be subject to separate agreements to be concluded.
5. On transactions before the aviability date will be applied the debit interest as per table 1 attached.