Bank

Account Fees

Understand our account fees to make the right choice for you

Notes on fees:

The account fees payable are determined by the level of risk associated with your account. The fees quoted cover the establishment and maintenance of the banking relationship between us.

All fees are quoted in GBP. If the client chooses to be charged in a different currency, the fee will be converted based on the prevailing GBP exchange rate at the time of billing.
Glass blue discs

Corporate & Trust Clients

Client type

Onboarding Fee

Monthly Account Fee

£600
£50
£1,500
£100
£2,000
£150
£3,000
£250

eGaming

Client type

Onboarding Fee

Monthly Account Fee

£12,000
£1,000
£9,000
£750

Associated Group Companies

£6,000
£500
£3,000
£250

Financial Services

Client type

Onboarding Fee

Monthly Account Fee

£12,000
£1,000
Bespoke
Bespoke
Bespoke
Bespoke
Bespoke
Bespoke

Politically Exposed Person (“PEP”) Pricing

Client type

Onboarding Fee

Monthly Account Fee

£0
£0
£2,000 - £4,000*
£125 - £250
*Dependent on jurisdiction and other risk factors.

High Net Worth Individuals

Client type

Onboarding Fee

Monthly Account Fee

£600
£50
£900
£75
Additional PEP fees may apply.

Post Onboarding Trigger Events*

Event

Charge applied

No charge
£1,000
£500
£1,000
No charge
£500
See PEP pricing
No charge
£500
£500 - £1,000
£500
Charging basis is per structure change unless specified.
*If the event results in a change of risk rating or business appetite we will contact you separately.

Transaction Charges

Payment Fees (Inbound)

£5 (or currency equivalent)

Payment Fees (Outbound)

£0.50
£2
£25
£25 (or currency equivalent)
Beneficiary pays all charges. This charge will be deducted from the payment and only the payment amount will be debited to your account.
£25 (or currency equivalent)
Charges are shared. This charge is deducted from your account in addition to the payment.
£35 (or currency equivalent)
You pay all charges. This charge is deducted from your account in addition to the payment, and it includes a £10 additional correspondent charge. With this option, the beneficiary receives the payment amount in full.

Other Transactions

View rates in VELTA
*Note that other banks involved in handling the payment may deduct their charges on route to the beneficiary who will receive the payment net of those charges.

Account Commission

Account

Commission

GBP = 0.85%
EUR = 0.375%
USD = 0.60%
EFA commission fees are calculated and accrued on a daily basis, based on the balance held in your account at the end of each day. EFA commission fees will be calculated and debited against your EFA on a quarterly basis, in line with interest application dates.
0.75%
Calculated at principal * rate on a 365-day basis for GBP and on a 360-day basis for EUR and USD.

Other Charges

Account

Commission

£25
£50 + VAT
Time spent basis