| Recovery Method | LKR Account (Rs.) |
Foreign Currency Accounts (USD) |
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Foreign Currency Notes |
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| Sales Commission (“Issuing”) | |||||
| Foreign Currency Notes - total value BFCA/DFA/IIA/RGFCA/OIA | Auto | 2% subject to minimum commission of Rs. 500/- | 2% subject to min. commission equivalent to Rs. 500/-* | ||
| Migration purpose - Documentary charges | Manual | Rs. 2,500/- | USD 25 | ||
| Foreign Currency Notes - total value - PFCA | Auto | - | 1% subject to minimum commission to equivalent to Rs 500/- | ||
Foreign Currency Accounts (Excluding FCBU) |
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| Account Maintenance | |||||
| Dormant with monthly average balance below USD 25- (Excluding accounts maintaining Foreign currency FDs or other FC accounts) | Auto | USD 5-p.m. | |||
| Transfers | |||||
| Manual Rupee & Foreign Currency Transfers | Auto | Equivalent to Rs. 150/- | |||
| Closure | |||||
| Closure Foreign Currency account | Manual | USD 10 or equivalent | |||
INWARD REMITTANCES |
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Telegraphic Transfers- Inward |
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| Telegraphic Transfer | |||||
| Handling Charges related to LKR/Foreign Accounts - BFCA/DFA/IIA /RGFCA/OIA | Auto | Rs. 400/- | USD 5 or equivalent | ||
| Handling charges related to FCBU accounts | Auto | - | USD 7 | ||
| Handling charges - Repair | Manual | Rs. 300/- | Equivalent to Rs. 300/- | ||
| Charges to revert to a remitting bank on discrepancies | Manual | Rs.1,000/- to Rs. 1,500/- | USD 6 to USD 10 or equivalent | ||
| Handling charges - PFCA | Auto | - | PFCA - No charges | ||
| Cancellation of a remittance and return of funds to originating bank | Manual | USD 25 equivalent | USD 25 or equivalent | ||
| Sent to other banks Rs-SLIPS/ SWIFT | Rs. 100/- | USD 25 (or as per agreements with other Correspondent Banks) | |||
| Inquiries | Rs.1,000/- | USD 5 | |||
Foreign Bank Cheques/Draft Purchase – Drawn on Overseas Bank |
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| Foreign Bank Cheques/Draft-Purchase | |||||
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Purchase of Bank Drafts Drawn in Foreign Currency on Overseas Bank
Additional Charges: Foreign Bank Charges on Cash Letter Services (Other Currencies refer Operations/FI Dept.) |
Auto |
Rs. 500/- Rs. 750/- Rs. 1,750/- Rs. 2,750/- Rs. 5,250/- Rs. 7,750/-
USD 10 GBP 2- SGD 2- |
0.25% Subject to minimum commission of USD 10 USD 10 GBP 2- SGD 2- |
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| Instruments purchased returned unpaid (In addition Foreign Bank charges if any to be recovered from the customer) | Manual | Rs. 500/- | USD 5 | ||
Cheques / Drafts sent for collection - Drawn on Overseas Bank |
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| Foreign Bank Cheques/Draft Sent on collection | |||||
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Cash Letter Service (USD, GBP, EURO, AUD, CAD)
Foreign Bank Charges on Cash Letter Services (Other Currencies refer Operations/FI Dept.) |
Auto
Manual |
Rs. 2,000/-
USD 10 GBP 2- SGD 2- |
Rs.2,000/(equivalent if FC)
USD 10 GBP 2- SGD 2- |
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Clean collection (PLUS Foreign Bank Charges will be deducted on realization)
Courier charge |
Auto
Manual |
Rs. 1,000/-
Rs. 2,000/- |
USD 10
USD 15 |
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| Collection returned | Manual | Rs. 500/- | USD 5 | ||
| (In addition, Foreign Bank charges if any to be recovered from the customer) | |||||
Foreign Bank Cheques/Draft Purchase – Drawn on Local Bank in Sri Lanka |
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| USD Local Clearing - Purchase | |||||
| Purchase of Drafts drawn on other local banks in Sri Lanka | Auto | 0.25% Minimum Rs.250/Maximum Rs.1,000- | 0.25% subject to Minimum commission of USD 10 | ||
Foreign Bank Cheques/Draft Purchase/Encashment – Drawn on HNB |
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| Purchase | |||||
| For HNB Account Holders | Nil | Nil | |||
| Encashment | |||||
| Payment of cash over the counters for non-customers | Manual | Rs. 500/- | Nil | ||
Cheques / Drafts sent for collection - Drawn on Local Banks in Sri Lanka |
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| USD Local Clearing - Collection | |||||
| Commission Drafts drawn on other local banks in Sri Lanka | Auto | Rs. 500/- per instrument | 0.125% (Min -USD 5- & Max. USD 25) | ||
| Drafts drawn by branches on International Division in US$ Currency | Nil | Nil | |||
Outward Remittances |
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Telegraphic Transfers - Outward (Non Commercial Transactions) |
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| Telegraphic Transfer | |||||
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- Commission (Swift Included) - In the event foreign bank charges are to be borne by the remitter
#In the event foreign bank charges are to be borne by the remitter (tagged as “OUR” in field 71A in the SWIFT 103) Additional USD 15 or equivalent levied as Foreign Bank Charge. |
Auto/Manual
Auto/Manual |
Rs 3,500- [for education & other purposes]
# + USD 15
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USD 35-
# + USD 15
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| Telegraphic Transfer | |||||
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Cancellation refund or amendments plus SWIFT |
Manual Manual |
Rs. 1,000/- Rs. 500/- |
USD 20 USD 5 |
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USD SLIPS - Outward |
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| USD-SLIPS | |||||
| Customer Transfers | Auto | - | USD 20 | ||
Bank Draft Issuance/Cancellation - Drawn on a Nostro A/C |
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Issuance of Foreign Currency Bank Draft on Nostro A/C and HNB |
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| Issuance Commission | |||||
| USD Drafts Up to USD 1,000/‐ | Auto | Rs. 300/‐ | USD | ||
| USD Drafts USD 1,001 up to 25,000/‐ | Auto | Rs. 1,000/‐ | USD | ||
| USD Drafts Above 25,000/‐ | Auto | Rs. 2,500/‐ | USD 25 | ||
| PLUS Cost of Swift MT 110 (Please ensure MT 110 is sent to the drawee bank) | Auto |
Rs. 500/‐ | USD 5 | ||
| All other currency Drafts Commission: | Auto | Rs. 1,000/‐ | USD 10 | ||
| PLUS Cost of Swift MT 110 (Please ensure MT 110 is sent to the drawee bank) | Auto |
Rs. 500/- |
USD 5 | ||
| Cancellation | |||||
| Cancellation of Drafts | Manual | Rs. 750/- | USD 5 | ||
| Cancellation and Re‐issue of drafts | Cancellation - Manual Re-issuance - Auto |
Rs. 1,000/- + Issuance charge | USD 10 | ||
| Stop Payments | Manual | Rs. 1,500/‐ | USD 15 | ||
| SWIFT | Manual | Rs. 500/‐ | USD 5 | ||
| Foreign Bank Charge for Cancellation (For currencies other than USD, STG, EUR, AUD please contact Operations Dept) | Manual |
USD- 10, STG- 15, EUR- 30, AUD- 40 |
USD- 10, STG- 15, EUR- 30, AUD- 40 |
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FCBU |
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| Sales commission of issuing of foreign currency | |||||
| Issuing of Foreign Notes total value | Auto | 1% subject to min. commission equivalent to Rs. 500/-* | |||
| Statements | |||||
| Daily/Weekly | Auto | USD 20- p.m | |||
| Issuance of duplicate statements | Auto | USD 5- per statement | |||
| Service Fee | |||||
| Balance Below Individual USD 2,000 | Auto | USD 20- p.m | |||
| Balance Below Non-Individual USD 3,000 | Auto | USD 20- p.m | |||
| Remittances | |||||
| (a) Inward T.T | Auto | USD 7- | |||
| (b) Outward T.T | as applicable to DBU | ||||
| Inquiries And Amendments | |||||
| On Outward Remittances | Auto | USD 10- | |||
| Drafts | |||||
| (a) Local USD Drafts | as applicable to DBU | ||||
| (b) Foreign Drafts (All Currencies) | as applicable to DBU | ||||
| Standing Orders | |||||
| Standing Orders (between FCBU accounts) | Auto | USD 2.5- | |||
| Balance Confirmations | |||||
| Balance Confirmations | Auto | USD 5- | |||
| Closure | |||||
| Closure Of Accounts | Auto | USD 25- | |||
| Transfers | |||||
| Manual Rupee & Foreign Currency Transfers | Auto | USD 2- | |||
