Notice of Change to Corporate Banking Schedule of Fees and Charges (Effective from 20 March 2023)
2023-02-14
Dear Customers,
Please be advised that effective from 20 March 2023, the Bank of China Limited, Sydney Branch’s Corporate Banking Schedule of Fees and Charges dated 1 March 2021 will be updated.
This notice relates to Bank of China Limited, Sydney Branch (the Bank)’s Corporate Banking Schedule of Fees and Charges dated 1 March 2021 (Schedule of Fees and Charges) which is applicable to the following accounts and services provided by the Bank and that are governed by the Bank’s Corporate Banking Savings, Investment, and Term Deposit Accounts Terms and Conditions and Corporate Banking Account Access Methods Conditions of Use:
- Savings and Investment Accounts;
- Term Deposit Accounts;
- Inward and Outward Remittances;
- Business Internet Banking;
- Bank Cheques;
- Account Statements and Bank Vouchers;
- Direct Debit and Credit Services;
- Funds Transfer via RTGS;
- Foreign Exchange Transactions;
- Cash Handling Transactions.
The changes are as follows:
1.For Outward Remittances:
| Clause reference | Clause is amended by: |
|---|---|
| sub-paragraph 4.1 of ‘Paragraph 4 Outward Remittances, Section 2 Fees and Charges’ of the Schedule of Fees and Charges | A new fee for international Fund Transfers made via Business Internet Banking from a CNY Account is added as follows. |
| Description | Amount of Fee | Remarks |
|---|---|---|
| Funds Transfer International via Business Internet Banking from CNY Account | CNY 120.00 | Payable when you transfer funds internationally from your Account. |
2.For Other Charges:
| Clause reference | Clause is amended by: |
|---|---|
| ‘Paragraph 11 Other Charges, Section 2 Fees and Charges’ of the Schedule of Fees and Charges | By increasing the amount of the fee for Email or facsimile instructions to operate an account as follows: |
| Description | Amount of Fee | Remarks | |
|---|---|---|---|
| Email or facsimile instructions to operate an account |
AUD50.00 (increased from AUD20.00) USD40.00 (increased from USD20.00) HKD300.00 (increased from HKD120.00) CNY240.00 (increased from CNY100.00) (depending on the currency of the account) |
Per instruction | Available only for those accounts which may be operated by email or facsimile instructions. (Other charges may apply). |
Please refer to the current version of the Schedule of Fees and Charges, which is available on our website at www.bankofchina.com/au or from our retail branches in Australia for further details.
Please contact us on 1800 095 566 (if calling within Australia) or +61 2 8871 5888 (if calling from overseas), if you have any queries regarding this notice.
14 February 2023
Bank of China Limited, Sydney Branch
ABN 29 002 979 955
AFSL No. 230547
