| Fee Description | Fee Amount | Calculation Criteria | |
|---|---|---|---|
| Account Opening Fee 1,2 | Corporate Account 3,10 | US$1,450 | Application Fee: US$1,000 (non-refundable) Activation Fee: US$450 (upon account opening) |
| Personal Account 4 | US$150 | One-time payment upon account opening. | |
| Minimum Deposit Fee | Corporate Account 5,10 | US$50 | Waived for corporate accounts where the average balance of past three months is above US$20,000. |
| Personal Account 6 | Free of Charge | ||
| Annual Maintenance Fee 10 | At the Bank’s Discretion | Applied to corporate accounts of specific business natures and complexity. Charged upon account opening and on an annual basis. |
|
| Outgoing Remittance Fee 7,8,9,10 | Bank of Asia Accounts | Free of Charge | |
| Non-Bank of Asia Accounts | Minimum US$60 (or equivalent) per transaction | Charged as a percentage of the transaction amount with a minimum of US$60. | |
| Incoming Remittance Fee 7,8,9,10 | Bank of Asia Accounts | Free of Charge | |
| Non-Bank of Asia Accounts | Minimum US$60 (or equivalent) per transaction | Flat Rate | |
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 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 that are supported by Bank of Asia.
8 This fee does not include any intermediary or routing bank(s) charges.
9 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.
10 For reference only. The actual fee may vary depending on the business nature, company structure, account purpose and other factors.
