Charges applied to international
payments, foreign exchange operations
and bank guarantees
Charges valid as at 1 September 2012
1 International payments 2
2 Foreign exchange operations
7
3 Charges for outbound foreign payments indicating
“without costs for the beneficiary”
7
4 Collection of cheques
8
5 Collection of clean bills and receipts
9
6Guarantees
11
7 Expedition costs
12
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
Our charges are expressed in euros. Where payable, V.A.T. is specifically indicated.
V.A.T. is calculated at the current rate (at present 21%) on total commissions and costs,
unless ancillary to a credit operation, in which case no V.A.T. will be payable. Forward
exchange operations are not liable to V.A.T.
1. International payments
• Execution options for outgoing European and international payments:
Standard payments: A payment without special conditions, possible for all available
currencies where:
- in the case of international payments the funds arrive at the correspond bank within
2 to 3 days.
- in the case of European payments the funds arrive at the beneficiary’s bank within
24 hours.
Urgent payments: Accelerated execution of the payment, possible for all available
currencies where:
- in the case of international payments the funds arrive at the correspond bank within
1 to 2 days.
- in the case of European payments the funds arrive at the beneficiary’s bank the same
day.
Definitions
• A “European direct debit” (SEPA) is an agreement between two parties (= a direct
debit mandate) which allows the beneficiary of the claim (= creditor) to initiate the
debit of the payer’s account (= debtor). The execution of this type of payment meets the
following characteristics:
- The creditor’s account and the debtor’s account are in one of the countries defined in
“European transfers” (SEPA).
- The transfer amount must be denominated in euros.
- The direct debit instruction must meet the STP criteria, namely it must indicate the IBAN
and the BIC of the debtor’s bank.
• A European transfer (SEPA) is a payment with the following characteristics:
- Payment where both the principal’s account and that of the beneficiary are in one of the
27 EU Member States (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hungry, Ireland, Italy, Latvia, Lithuania,
Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia,
Spain, Sweden, United Kingdom) or in Norway, Iceland, Switzerland or Liechtenstein.
- The transfer amount must be denominated in euros.
• Other payments are called “international payments”.
• Payment execution deadlines: ING requires time to process payments
and transmit payment instructions; ING transmits payments to clearing
houses (e.g. EBA) or to our correspondent banks. Correspondent banks are
banks abroad with which ING works to execute payments. Such foreign
banks ensure that payments arrive at the beneficiary’s bank via local clearing
houses. The total time this requires is called the payment execution deadline. ING can
only guarantee up to the clearing house or correspondent bank. The execution deadline
depends on various parameters: the execution option chosen, the currency of the
transaction, a possible currency conversion and the country of destination.
2
Same-Day Payments: A Same-Day payment is possible for all available currencies. The
payment will be presented to the correspondent bank with the first possible value date.
ING will apply a compensated value date, i.e. the debit value date will correspond to the
date on which the correspondent bank is credited.
Prio Payment: High priority payment. Such payments are only possible for payments
in euros without currency conversion, with a compensated credit and debit value date.
Furthermore, in the case of international payments, the funds are credited within the
hour to the correspondent bank.
• Vale date: The value date is the date on which an amount withdrawn ceases to yield
interest or that on which an amount deposited starts to yield interest.
• International Bank Account Number (IBAN): International standard for bank account
numbers to be used for European credit transfers and, where appropriate, international
payments. An IBAN consists of a maximum of 34 alphanumerical characters and a set
length per country. It includes a country code (2 letters), a check digit (2 digits) and a
domestic account number (completed for some countries).
• Bank Identifier Code (BIC): international code, also known as SWIFT address, which
allows a unique identification of each bank. It includes 8 or 11 alphanumerical characters
and consists of a bank code (4 characters), a country code (2 letters), a place code
(2 characters), and can be completed, for some banks, by a branch code (3 characters).
•Straight Through Processing (STP) :
- In the case of European credit transfers: payment which indicates the correct account
numbers (IBAN) of the payer and the payee, the BIC (Swift address) of the payee’s bank.
- In the case of international payments: payment which indicates the correct account
numbers (IBAN, BBAN or other) of the payer and the payee, the BIC (Swift address) of
the payee’s bank, and the full name and address of the payee.
3
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
1.1 Charge for payments from and to other countries
(including postage)1
• Cost instruction - BEN/SHA/OUR
The payer can indicate how the costs are distributed.
There are three options:
- Shared Costs (SHA ): the payer pays the costs charged by his/her bank; the costs charged
by the payee’s bank are borne by the payee.
- Our Costs (OUR – borne by the payer): the payer pays the costs charged by his/her bank
and the costs charged by the payee’s bank.
- Beneficiary Costs (BEN – costs borne by the payee): the payer does not pay any costs. Both
the costs charged by the payer’s bank and the costs of the payee’s bank are borne by the
payee.
In the case of European transfers and outbound international payments in a currency of
the EEA1 and in the EEA , only SHA is accepted. If another instruction is given, it will
automatically be changed to SHA.
In the case of any other international payment, SHA, BEN or OUR can be chosen.
• Transfers to and from an account held in the EEA (including Belgium) in
euros (SEPA), Swedish kronor and Romanian leis
• Payments in euros outside the EEA or payments in other currencies:
- Payment commission: 0.1% (+ V.A.T.) of the amount
• Transfers to and from an account held in Belgium in another currency
than the euro, Swedish kronor and Romanian leis (free between ING
Belgium accounts):
- Currency equivalent up to 50,000 euros
- Currency equivalent above 50,000 euros
1.2 Additional charges for payments in favour
of an account with another institution
What will you be charged for an outbound international payment?
- With a SHA instruction: ING’s payment commission (see point 1.1)
- With an OUR instruction: ING’s payment commission + OUR costs (see points 1.1 and 3)
- With a BEN instruction: no charges for the customer. ING automatically deducts the
commission from the amount transferred.
EUR
0
min. 8.00
max. 100.00
8.00
9.00
EUR
• Faxes and manual processing of paper transfers by the bank:
-in the EEA: in euros up to a maximum of 50,000 euros
-in the EEA: in euros and above 50,000 euros
-in the EEA: in foreign currencies
-outside the EEA: in euros or foreign currencies
What will you be charged for an incoming international payment?
- With a SHA instruction: ING’s payment commission (see point 1.1)
- With an OUR instruction: no charges for ING customers (payees)
- With a BEN instruction: ING’s payment commission + the correspondent banks’ charges.
8.00
•Non-Straight-Through Payments (non STP)
• “Full amount” principle: the full amount must be transferred to the payee’s account.
Any charges possibly applicable are debited by the bank separately. This principle applies
to European credit transfers.
• The European Economic Area (EEA) includes the 27 Member States of the European
Union as well as Norway, Iceland and Liechtenstein.
5.00
8.00
8.00
8.00
• Urgent payments
5.00
• Same-Day payments (for international payments)
10.00
• Prio Payments (for European payments and international payments)
15.00
•Salary payment (Same Day)
0.20
•Payment return and rejection
0.20
•Payment file delivery
2.00
•Payment file return
2.00
•Payment file cancellation/withdrawal or amendment
1.00
•Payments by cheque issued by the bank
-issue charge
- expedition charge
8.00
4.75
•Lack of account funding
6.00
•Charges for outbound international payments quoting "without costs
for the beneficiary" (see point 3)
The EEA currencies are the following: euro, Bulgarian lev, Czech koruna, Danish krone, Hungarian forint, Latvian lat, Lithuanian litas, Polish
zloty, Romanian leu, Swedish krona, pound sterling, Swiss franc, Norwegian krone, Icelandic krona.
1
4
1
This charge does not include the charge per operation (see the leaflets Charges applied to the main private banking operations and charges
applied to the main banking operations carried out by legal entities (section 1)).
5
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
2. Forward exchange transactions
1.3 Other supplementary charges
EUR
•Return of funds
•Cancellation, amendment, investigation (expedition charges, Swift, etc.)1
-operations of the last 12 months
-older operations
15.00
•When concluding the contract
•When the contract is extended
-forward exchange commission
25.00
75.00
•Foreign payments: value date = execution date
•Payments from abroad: value date = the day on which the account is credited
The rate applied is based on the quotations in force on the international exchange market.2
Exchange rates are available in Home'Bank, Self’Bank and Telelink.
1.6 European direct debit (SEPA)/Local Belgian direct debit (DOM80)
•Debtor
- European direct debit / DOM80
- Unjustified request for refund
- Request for a copy of a direct debit mandate
•Creditor
- European direct debit / DOM80
1
min. 12.50
max. 75.00
+ 37.50
3. C
harges for outbound international payments quoting
"without costs for the beneficiary" (OUR)1
EUR
EUR
0.00
60.00
30.00
0.05
(with a min. of
2.48 per batch)
- Refund requested within 8 weeks (of an authorised collection)
- Refund requested of an unauthorised transaction
- Confirmation of mandate activation (not for DOM80)
- Paper deposits (only for DOM80)
EUR
• Forward exchange contract with option at maturity
-forward exchange commission: see above
-flat fee per contract and any extensions
1.4 Value date
1.5 Exchange rates
‰ of the amount
0.05
60.00
2.00
0.15
(+5.00 per
deposit)
Aruba, Belgium, Bonaire, Curacao, Denmark, Finland, Iceland, Ireland, Morocco,
Portugal, Sabah, Saint Eustatius, Saint Martin2, Suriname, Sweden, United States
9.00
Andorra, Australia, Austria, Bosnia and Herzegovina, Bulgaria, Canada, China,
Croatia, Egypt, France, Germany, Greece, Hong Kong, Hungary, Italy, Jordan,
Lebanon, Luxembourg, Malaysia, Mauritius, Namibia, Netherlands, New
Zealand, Norway, Peru, Philippines, Poland, Russia, Serbia, Slovenia, Spain,
Switzerland, Ukraine, Vietnam, Yemen
15.00
Albania, Angola, Belorussia, Botswana, Brazil, Burundi, Cyprus, Czech
Republic, Estonia, Great Britain, Guernsey, India, Indonesia, Isle of Man, Israel,
Ivory Coast, Jamaica, Jersey, Latvia, Liechtenstein, Lithuania, Macedonia, Malta,
Montenegro, Mozambique, Oman, Pakistan, Reunion, Romania, San Marino,
Singapore, Slovakia, South Africa, South Korea, Sri Lanka, Taiwan, Tanzania,
Thailand, Tunisia, Turkey, United Arab Emirates, Uruguay
25.00
Afghanistan, Algeria, Anguilla, Argentina, Armenia, Bahamas, Bahrain,
Barbados, Bermuda, Brunei, Cameroon, Cayman Islands, Chad, Chile,
Ecuador, Gabon, Ghana, Guinea, Japan, Kazakhstan, Kenya, Kuwait, Macau,
Madagascar, Maldives, Moldavia, Monaco, Nepal, New Caledonia, Nigeria,
Paraguay, Puerto Rico, Qatar, Saint Kitts and Nevis, Saudi Arabia, Senegal,
Swaziland, Trinidad and Tobago, Turks and Caicos Islands, Uganda, Zambia and
the rest of the world3
50.00
In the case of European credit transfers and outbound international payments in a currency of the EEA and in the EEA zone, only SHA is
accepted. If another instruction is given, it will automatically be changed to SHA.
The Dutch part.
3
Payments to the following countries are not accepted: Syria, Iran, Cuba, North Korea, Myanmar and Sudan.
1
(Variable) foreign correspondent charges not included.
2
The exchange margin differs according to the currency.
1
2
6
7
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
4. Collection of cheques
5. Collection of clean bills and receipts
4.1 Imports
‰ of the
amount
Cheques issued by an ING customer to pay a
foreign creditor
•Payment commission1
1
• Processing fee, per cheque1
4.2 Exports
‰ of the
amount
Cheques payable abroad or by debiting a foreign
account received in settlement of payment by an ING
customer and presented for collection
• Payment commission
• Processing fee, per cheque1
• Expedition costs, per cheque2
• Dispatch charges
Except for Traveller’s cheques: see “Charges
applied to the main banking operations of private
individuals” brochure.
1
5.1 Imports
EUR
‰ of the
amount
Bills drawn by a foreign creditor When presented for
collection, the foreign creditor will, in principle, pay
the collection costs, unless it is stipulated that costs
are to be borne by the counterpart in Belgium.
min. 8.00
max. 100.00
8.00
•Presentation for payment
-collection commission:
-bills domiciled with a bank, per bill or receipt
-bills not domiciled with a bank, per bill or receipt
- Payment commission
EUR
- amendment commission, per amendment
min. 8.00
max. 100.00
8.00
min. 5.00
•Presentation for acceptance or regularisation,
per bill
the charge varies according to the
country and the correspondent
•Returned before presentation
-collection commission, per bill
•Remittance free of payment, per bill
Costs borne by the ING customer.
See also point 7. Expedition charges - Message service.
1
8
min. 12.50
max. 100.00
min. 18.75
max. 125.00
min. 8.00
max.100.00
12.50
25.00
•Expedition costs1, per bill
2
1
1.25
1
12.50
+ 25.00
•Bills
-unpaid: collection commission (see above)
+ protest costs if any
-not accepted or not regularised: presentation fee
(see above) + protest costs if any
- cancellation of protest
1
EUR
+ 25.00
25.00
5.00
See also point 7. Expedition charges - Message service
9
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
5.2 Exports
‰ of the
amount
EUR
6. Guarantees1
6.1 Guarantees instructed by an ING customer
Bills drawn on foreign debtor and presented for
collection by ING customer
•Presentation for payment, acceptance and/or
regularisation
- collection commission, per bill
-Payment commission
1
1
-additional tracer, per enquiry
-amendment commission, per amendment
-correspondent bank costs: variable
according to country and correspondent
-returned before presentation: collection
commission, per bill
•Remittance free of payment
-per bill
-correspondent bank costs: variable
according to country and correspondent
Guarantees issued by order of an ING customer
for the purpose of a credit facility
•Guarantee commission, per quarter
•File opening fee
•Fee for amending or extending
•Fee for calling on the guarantee
min. 12.50
max. 100.00
min. 8.00
max. 100.00
7.50
12.50
Guarantees issued by order of an ING customer
for the purpose of an individual transaction
•Guarantee commission, per quarter
•File opening fee
•Fee for amending or extending
•Fee for calling on the guarantee
Observation:
Urgent applications (to be executed within 24h):
double charges
Customised applications: specific charges, for more
information, please ask your usual ING contact.
+ 12.50
12.50
•Expedition costs1, per bill
EUR
min. 5
min. 50.00
75.00
75.00
150.00
min. 5
min. 50.00
150.00
150.00
225.00
‰ of the amount
EUR
min. 2.50
min. 1.25
min. 62.50
5.00
6.2 Guarantees in favour of an ING customer
Guarantee issued by order of a foreign bank in
favour of an ING customer, if stipulated that the
costs are to be borne by the beneficiary
•Guarantee commission, per quarter
- up to 125,000 euros
- more than 125,000 euros
•File opening fee
•Fee for amending or extending
•Fee for calling on the guarantee
Guarantee issued in the absence of a bill of
lading by order of a foreign bank in favour of
an ING customer, if stipulated that the costs are
to be borne by the beneficiary
•Guarantee commission, per quarter
1
‰ of the amount
See also point 7. Expedition charges - Message service.
1
10
Expedition charges to be added, see point 7.
11
1.50
62.50
37.50
min. 62.50
Min. 1
Min. 50.00
Charges valid as at 1 September 2012
Charges valid as at 1 September 2012
Advising of a guarantee issued by a foreign
bank (without guarantee or liability on the part
of ING), if stipulated that the costs are borne by
the beneficiary
•Advising charges
•Amendment charges
Notes
75.00
50.00
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
1
7. Expedition charges
.........................................................................................................................................................................................................................
EUR
6.00
•Extra SWIFT
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
• Ordinary mail
- Europe
- outside Europe
2.00
2.50
.........................................................................................................................................................................................................................
•Registered mail without documents
6.00
.........................................................................................................................................................................................................................
• Registered mail with documents
- Belgium
- Europe
- outside Europe
8.00
12.00
18.75
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
• Message service
- Belgium
- Europe
- outside Europe
12.50
25.00
37.50
•Fax message
6.00
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
.........................................................................................................................................................................................................................
Unless specified otherwise in the above items.
1
12
13
Other lists of charges and brochures are available:
•Charges applied to the main banking operations of private individuals
•Charges applied to the main banking operations of legal entities
•Charges applied to securities transactions
•Charges applied to documentary credits and documentary collections
These charges are not binding
1. As dealings between the Bank and its customers are based on mutual trust,
ING always reserves the right not to commit itself.
2. ING reserves the right to modify its charges in compliance with the legal and
statutory provisions in force. In the event of any change to these charges,
a new brochure will be published. Please ensure you have the most recent
brochure.
3. The charges listed in the leaflets are basic charges. They may be derogated
from by a special agreement concluded between ING and you in the case
of major transactions or in the event of special situations. Supplementary
and/or personalised information - in particular on credit - is available from
any branch.
ING Belgium SA/nv – Bank – avenue Marnix 24, B-1000 Brussels – Brussels RPM/RPR – VAT: BE 0403.200.393 – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789.
Publisher: Inge Ampe – cours Saint-Michel 60, B-1040 Brussels – Z45871E – 07/12 – © Editing Team & Graphic Studio - Marketing ING Belgium.