AMP Banking
Take control of your money
This guide outlines the fees and charges for AMP Banking’s loan
accounts. For information on fees and charges for our deposit
accounts or if you have any questions, call AMP Banking on
13 30 30 or speak to your AMP Financial Planner.
Fees and charges for all Home Loan Products always apply for
special services - refer over for details.
How to minimise your fees
Use AMP Banking for all your banking needs
Consolidating your banking makes it easier for you to manage your
money, move funds around and reduce transaction fees.
Use BankNet and BankPhone services
Register for our secure Internet and Phone Banking services,
so that you can bank anywhere, any time*.
Make the most of Automatic Payment Services
Use automatic services such as Direct Debit, Bpay®, automatic
salary deposits and periodical payments to transfer your money.
There may be bank fees for using automatic services.
Minimise your use of BankAssist for your transactions
A BankAssist (Personal Banking) fee will apply if we perform a
transaction you could do with BankNet or BankPhone. Enquiries or
changes will not incur the fee. We will explain if a fee applies.
Use EFTPOS
Withdraw cash when you purchase with EFTPOS and pay only once.
Use your AMP Credit Card for your purchases
You earn valuable reward points by purchasing with your AMP
Credit Card and keep transaction fees to a minimum.
Notes
These notes are to be used in conjunction with the fees and charges inside this guide.
1. Customers also pay the actual solicitor’s costs, which include, for example, search fees
and postage, valuation costs if applicable and any applicable government fees, which
vary from state to state.
2. These are standard costs billed by Bank solicitors or mortgage processing providers
directly to customers and exclude non-standard additional costs that may be payable,
including courier costs, telegraphic transfer charges, cost to arrange settlement in a
regional area.
3. Payable monthly on each facility that is $100 or more in arrears for one or more
consecutive payment dates.
4. Plus, the amount which is reasonable costs to us, if any, because you repay all or part
of the money owing during any fixed interest period early or you change the annual
percentage rate during any fixed rate period.
5. This fee applies to all Introductory Rate Loans and any settled loans where the
application was received on or after 26 June 2000.
6. An Additional Deferred Establishment Fee of 1% of the original facility amount applies if
you have an:
Affinity Variable Rate Loan
Affinity Fixed Rate Loan
Affinity Line of Credit
Select Variable Rate Loan
Select Fixed Rate Loan Select Line of Credit
Basic Variable Rate Loan
Low Doc Variable Rate Loan
Low Doc Fixed Rate Loan
Low Doc Line of Credit
Introductory Professional Package Variable Rate Loan
Introductory 1 Year Fixed Rate Loan
and fully discharge your loan within 2 years from the original Settlement Date.
If you have a:
2005 Special Introductory Variable Rate Loan and fully discharge your loan within 3
years of the original Settlement Date.
If you have an Introductory Classic Variable Rate Loan and partially or fully convert
your facility to a product type other than Classic Variable Rate Loan within 2 years
from the Settlement Date of your facility, or partially or fully discharge your facility
within 2 years from the Settlement Date.
7. The Settlement Fee for Affinity and Select Home Loan Packages is $350.
8. Payable each time we refund your advance payments from your Basic Variable,
Advantage Variable or Low Doc $10 plan home loan.
Note: Other fees relating to special promotions may apply.
Home Loan Fees
and Charges Guide
Special Service Fees for all Home Loan Products
Cheque fees
Bank cheque
Replacement bank cheque Repurchase bank cheque
Special clearance deposit - request made to other bank Cheque dishonour fee Stop payment on a personal and bank cheque Statements
Duplicate statement fee when you request a reprint of a statement,
additional statement or transaction history $12 (per copy)
Other Special Service fees
Bank Assist (Personal Banking) Fee
Dishonoured outward payment (Direct Debit) Copy of a deposit slip, voucher or deposited cheque Certificate of account balance or interest rate Bill for collection (other bank closing AMP Banking account
on customer’s behalf) Transaction verification Transaction Trace $20
$nil
$45
Access Card services
Currency conversion if transaction in currency 2.5% of
other than Australian
transaction amount
International EFTPOS transaction $1.50
International ATM cash withdrawal $5.50
Access Card replacement
First replacement Access Card Each subsequent replacement Access Card Request for emergency replacement Access Card
(when available)
Keep statements and manage your payments and cheques so they
don’t dishonour. Use BankNet and BankPhone to keep track of your
transactions if you’re unsure.
Free
$12
additional $15
International services
Telegraphic transfer, purchase overseas or local currency Telegraphic transfer, inward Foreign currency draft
Foreign currency draft repurchase Foreign currency stop payment We can help you choose the right accounts call 13 30 30
Talk to us. We can help you choose the right account for your needs
and give you tips on ways to keep your fees down.
* Subject to system availability.
308006 03/09
$3
$40
$20
$20
Deposit services
Deposit book Free
Dishonoured cheque deposit $15
Dishonoured inward payment (Direct Debit) $12
Transaction Honour Fee
$18 (per item)
Mail credit without deposit slip (not initial deposit) $3.50
Foreign currency draft/cheque up to $50
(plus overseas bank fee)
Avoid Special Service Fees
Issued by AMP Bank Limited
ABN 15 081 596 009, AFSL No. 234517
$10
$35
$12
$18
$45
$7
EFFECTIVE DATE: 3 March 2009
$35
$20
$25
$20
$35
Home Loan Establishment fees
AMP Banking Home Loan Packages
Annual package fee
CLASSIC CLUB
PROFESSIONAL PACKAGE SELECT PACKAGE
LOW DOC PACKAGE
BASIC
$0
$349
$299
$0
$349
Variable Rate Loan
Monthly account
management fee*
Included transactions
§
$10
Included in annual fee
Included in annual fee
Included in annual fee
$0
Limit of 15 free per
month†
Unlimited
Unlimited
Unlimited
Unlimited**
Fixed Rate Loan
Monthly account
management fee
$10
Included in annual fee
Included in annual fee
Included in annual fee Not available
Included transactions§
$350
Settlement Fee
Payable to cover processing and administration costs for
settlement of your loan, not refundable.
$250
Low Doc Loans. $550
$10
Included in annual fee
Limit of 25 free per Unlimited
month†
Included in annual fee
Included in annual fee Not available
Unlimited
Unlimited
Not available
Waived for Professional Package.
Affinity, Select and Staff packages refer to Note 7.
Multiple Security Fee
Payable for each additional security, not refundable.
$250
Guarantor Administration Fee
Payable for the additional processing and documentation
required when there are guarantors to the loan.
$200
**Free internet and phone banking redraw (excludes BPAY and card access). Also applies to Land Loans.
Valuation Fee
Valuation <$1 million
Metropolitan areas
Any valuation costs in excess of $220
Non-Metropolitan areas
Any valuation costs in excess of $330
Valuations >$1 million - all areas Any valuation costs in excess of $440
† Unused included transactions expire each month.
Guide to AMP Banking transaction fees
Included Transactions mean§
Here’s what’s FREE with AMP Banking.
TRANSACTION TYPE
FEE ONCE LIMIT IS REACHED
Complete these transactions through BankNet and BankPhone for
fee-free banking.
ATM transactions at rediATMs
$1.50
Australian EFTPOS transactions
$0.65
Personal cheque withdrawals
$1.00
Australia Post deposits^
$1.70
Periodical Payments to AMP Banking accounts. Pay Anyone when you register their external bank account. Transaction listings.
Transfers to AMP Banking accounts.
Account balance enquiries.
Depositing is free of bank fees when you arrange a direct credit or
mail your cheques to AMP Banking.
Pre-approval Fee
Payable for all pre-approval applications. Must be submitted with
application. Refunded to the loan account after settlement.
$350
Bpay®
Periodical payments to accounts held
with other institutions
$0.50
$2.50
§ Non-rediATM and international ATM transactions excluded.
^ For Classic Loans this is not an included transaction, fee always applies.
The fees stated are current as at the date of this brochure but may change from time to time. We will notify you of changes as required
under the terms and conditions of your account.
Split Loan Annual Fee
Charged on each additional split payable annually
commencing the first anniversary after settlement. Waived for Professional, Low Doc, Affinity and Select Packages. $75 pa
Increase in Loan Amount/Credit Limit
Payable when you request to increase your loan amount or credit limit.$350
Product Change Fee
Payable when you request your facility to be changed from one
product type to another.
(Not applicable to restructure requests under a Master Limit.)
Additional Security Fee
Payable for adding one or more additional security
properties after loan settlement.
$350
AMP Internal Refinance Fee
Payable on settlement where you had an AMP Banking loan immediately before establishment of this loan and that loan was
refinanced or otherwise replaced with this loan, either in part or in
whole. This fee is not payable in respect of any loan you held with
AMP Banking under which the Discharge Fee was payable.
$350
Consent Fees
If you ask us to review or consent or produce documents of title in connection with your facility or any security relating to:
a change in name of existing loan
consent to lease security
$350
Solicitors and Mortgage Processing Servicers’ Costs
Whenever a new loan agreement is established and we instruct
the Bank’s solicitors or mortgage processing servicers to act on our
behalf in connection with the agreement or security.
For each additional security property
$295 (incl GST)
$100 (incl GST)
per security property
Solicitors and Mortgage Processing Servicers’ Incidental Costs
Whenever a variation to an existing loan agreement is
made and we instruct the Bank’s solicitors or mortgage
processing servicers to act on our behalf in $82.50 (inc GST)
connection with the security properties. per security property
Lenders Mortgage Insurance (LMI) Processing Fee
Payable where Lenders Mortgage Insurance is required on your loan,
in addition to any separate LMI premium payable on your loan.
$100
Default Fee $100 per mth3
Progress Payment Fee
Payable on Construction Loans per progress payment.
$100
Early Repayment Fee (Fixed Rate Loans) $1504 plusinterest break costs
$508
Redraw Fee
Discharge Fee
Payable when we are requested to discharge all securities.
Deferred Establishment Fee
Applies if you repay all the money owing and discharge
your security within four years of settlement.
Additional Deferred Establishment Fee
$250 per security
Free
Other Fees2
For loan agreements with up to 2 security properties
$200
Other Home Loan Fees
* Also applies to Construction Loans. Waived for Land Loans.
Switch Fees
Switching from a Fixed Rate Loan to another.
Variable or Fixed Rate Loan at the end of a Fixed rate period.
Switching your loan to another type of interest rate
(eg fixed and variable) or repayment type (eg interest only
to principal and interest) or any other type of Term Loan. Master Limit Application Fee
Payable to cover processing and administration costs for
establishing and ongoing maintenance of your Master Limit.
Line of Credit
Monthly account
management fee
Establishment Fee
Where a single security property is offered. Not refundable
if you withdraw your application. Also payable for all
applications with a Loan to Value Ratio of >90%.
sub-division of security property
subsequent mortgage
changes affecting the security property
extension of interest only term
substitution or partial release of security property.
Also payable for any other variation affecting the security to which
we agree.
$3501
$3501
$1,0005
(refer note 6)
Secure Rate Guarantee Fee
Payable to secure the fixed interest rate on Fixed Rate Term Loan facility
for up to 90 days from the Fixed Rate Quoted Date, not refundable.
Fee is a percentage of the Original Fixed Rate Facility Amount.
If requested at application.
0.15%
If requested after application where no change in fixed
interest rate has been published.
0.15%
If requested after application after a change in fixed
interest rate has been published.
0.25%
Rework Fee
Payable if we have already issued a Loan Contract or Variation Contract and
we re-issue the Loan Contract or Variation Contract, prior to settlement,
due to changes requested by either customer or introducer.
$100