Work Conditions

Credit Bank of Albania

Terms and Conditions

1. Products

No.Bank ProductsALLEURUSD
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 
ALLEURUSD
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
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.