Bank Charges
Business Accounts
The following are R. Raphael & Sons PLC charges on various activities, which are subject to variation from time to time. Details are available at the Bank's offices at Walton Lodge, Walton Street, Aylesbury, Buckinghamshire.
| 1. Debit entries | per item 75p |
| 2. Credit entries | per item 75p |
| 3. Cheque collection | per cheque 30p* |
| 4. Cash paid in | £1.25%* |
| 5. Cash drawn out | £1.25%* |
| 6. Arrangement fees | by agreement |
| 7. Audit letters | £35 + VAT** |
| 8. Telegraphic transfers | £20 (£25 with advice to beneficiary) |
| 9. Duplicate statements | £1.50 per page (min. £5) |
| 10. Monthly statements | £8 per annum |
| 11. Weekly statements | £25 per annum |
| 12. Stopped cheques/direct debits | £8 |
| 13. Represented cheques | £5 |
| 14. Cheques returned through lack of funds | £25 |
| 15. Overdraft letter | £15 |
| 16. Telephone call re excess | £10 |
| 17 .Fees re excess | £10 per occasion |
| 18. Special presentation of cheques | £15 |
| 19. Bankers reference | given on customer £20 + VAT** |
| 20. Bankers reference | taken for customer £15 + VAT** |
| 21. Foreign drafts/transfers | £10 plus agency charges |
| 22. Bankers drafts | £10 |
| 23. List of standing orders/direct debits | £1 per item (min. £5) |
| 24. Agency costs from other banks | costs passed on in full |
| 25. Time spent | This will be charged at an hourly rate depending on the level of expertise of between £40 and £150 per hour (plus VAT**). This charge will be made where time needs to be spent on special requests by customers that do not form part of the usual banking services outlined above, which are charged on a per item basis. |
* These charges will apply to high activity accounts and on any larger cheque encashment that is over £1,000. Low activity accounts will continue to be charged on per entry item regardless of the number of items included in each credit.
** VAT: Value Added Tax will be charged on these services at the appropriate rate (presently 15%)
Interest Rates on Overdraft
The ‘Banks Managed Rate’, currently 1% per month (APR 12.68%) will be charged on agreed unsecured overdrafts. Secured overdrafts or loans are negotiable and available at a lower rate of interest linked to Base Rate, subject to a minimum of 5% per annum.
Borrowing which is not agreed in advance, or where the borrowing is in excess of the agreed facility, or where the facility is withdrawn will be charged at 20% per annum (APR 21.94%)
June 2009
