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Notice of Changes for Business Account Service Charges (Effective February 1,2021)


 

Dear Customer,

Effective February 1st, 2021, our bank will change related business account service charges as shown below:

Related Services Current Fee New Fee
Issuing Demand Draft1) $8.50/each $10.00/each
Issuing Money Order / Bank Draft / Official Cheque1) $8.50/each $10.00/each
Issuing Certified Cheques1)
  • Requested by you and by the payee on the cheques: $10.00/each
  • Requested by others: $15.00/each
  • Requested by you and by the payee on the cheques: $15.00/each
  • Requested by others: $20.00/each
History Voucher Search
  • C$5.00/per item (within 60 days of entry)
  • C$40.00 per hour and a minimum of C$20.00 (after 60 days of entry)
  • C$5.00/per item (within 60 days of entry)
  • C$40.00 per hour and a minimum of C$40.00 (after 60 days of entry)
CAD & USD business current account monthly maintenance fee $6.00 per month $10.00 per month
Telegraph Transfer fee collection for Business Account * payable in Canadian Dollars, regardless of the currency of the transaction; if pay in any other currency, the Bank’s prevailing buying rate of the paid currency against CAD will apply.
**converted at the Bank’s prevailing mid exchange rate of the remittance currency
***payable in the remittance currency; if pay in CAD, the Bank’s prevailing selling rate of the remittance currency against CAD will apply
* fee collection payable in the remittance currency;
** If fee pay in CAD, the Bank’s prevailing selling rate of the remittance currency against CAD will apply.

Notes:

1)CAD accounts are charged in Canadian dollars from CAD account, USD accounts are charged in U.S. dollars, and other foreign currency accounts are charged the foreign currency equivalent of the Canadian dollar.

Sorry for any inconvenience this may cause. If you have any questions, please call our toll-free customer service hotline at 1-844-669-5566 or visit your home branch. Thank you again for your continuous support.

Bank of China (Canada)
December 9, 2020

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