Fee Schedule

Fee Description Fee Amount Calculation Criteria
Account Opening Fee 1 Corporate Account 2,3 US$1,450 Application Fee: US$1,000 (non-refundable)
Activation Fee: US$450 (upon account opening)
Personal Account 2,4 US$150 One-time payment upon account payment.
Minimum Deposit Fee Corporate Account 5 US$50 Charged for corporate accounts where the average quarterly balance falls below US$20,000.
Personal Account 6 Free of Charge
Monthly Maintenance Fee 5 US$5 Charged on the following calendar month after the account is opened.
Outgoing Remittance Fee 7,8 Bank of Asia Accounts Free of Charge
Non-Bank of Asia Accounts US$60 or equivalent per transaction Flat Rate 9
Incoming Remittance Fee 7,8 Bank of Asia Accounts Free of Charge
Non-Bank of Asia Accounts US$60 or equivalent per transaction Flat Rate 9

1 Applicants applying through the Bank’s Designated Corporate Service Providers can enjoy a special offer. Contact us to find out more.
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, each additional corporate layer will incur extra fees at the bank’s discretion.
4 For personal accounts, UBOs of corporate accounts will not be charged account opening fees if applying at the same time.
5 Will be charged on a monthly basis.
6 No minimum deposit requirement.
7 Fees will be deducted based on the incoming or outgoing payment currencies which are supported by Bank of Asia.
8 This fee does not include any overseas or other involved bank(s) charges.
9 Anti-Money Laundering (AML) check, which is applicable in cases where the client/transaction amount combination is considered to be of high risk, may involve gathering additional information to verify identity or purpose of transaction. These additional investigations may incur additional charges at the Bank’s discretion.

Ref: JUN2020v1

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