|Description||Corporate Account||Individual Account||Remarks|
|Account Opening Fee 1,2||from US$1,500 3,8||US$150 4||Non-refundable|
|Deposit Requirement for Account Activation||US$5,000||N/A||Applicable to Corporate Account only.
Transactions can only be processed after the required amount is deposited into the account.
|Minimum Deposit Requirement each month ("Minimum Deposit")||US$20,000 8||N/A||Applicable to Corporate Account only. Starting from the fourth month after the account is opened, a monthly management fee of US$50 will be charged if the average daily deposit balance of the account over the previous three months falls below US$20,000.|
|Annual Maintenance Fee 8||Charged on a case-by-case basis.||N/A||Applied to corporate accounts of specific business natures and complexity, and charged on an annual basis.|
|Outgoing Remittance Fee 5,6,7,8||a. Free of charge if the receiving account is also a Bank of Asia account.
b. Charged as a percentage of the transaction amount with a minimum of US$60 per transaction, if the receiving account is with another bank.
|Incoming Remittance Fee 5,6,7,8||a. Free of charge if the sender’s account is a Bank of Asia account.
b. Charged as a percentage of the transaction amount with a minimum of US$60 per transaction, if the sender’s account is with another bank.
2 Enhanced Due Diligence (EDD) may be required when additional information is necessary to verify identity or source of income/wealth. You will be notified of such requirement and, upon your consent, the related charges will be passed on to you at cost.
3 For corporate accounts, complex structures with multiple corporate layers may incur extra fees at the bank’s discretion.
4 Personal accounts for the UBOs of corporate accounts will not incur account opening fees if applying at the same time.
5 Fees will be deducted based on the incoming or outgoing payment currencies that are supported by Bank of Asia.
6 This fee does not include any intermediary or routing bank(s) charges.
7 Anti-Money Laundering (AML) check is always performed, and may require gathering additional information to verify purpose of the transaction and identity of the parties involved. Such investigation may incur additional charges at the Bank’s discretion.
8 For reference only. The actual fee may vary depending on the business nature, company structure, account purpose and other factors.