RATES AND CONDITIONS
INDEX
A.
REGULAR SAVINGS ACCOUNTS
B.
MULTIAHORRO ACCOUNTS
C.
CHRISTMAS SAVINGS ACCOUNTS
D.
CHECKING ACCOUNTS IN USD
E.
CHECKING ACCOUNTS IN USD – INTERNATIONAL BANKING
F.
CHECKING ACCOUNTS IN FOREIGN CURRENCY
G.
CHECKING
H.
DEBIT CARDS: VISA - MASTERCARD – CLAVE
I.
MULTIPLANILLA EMPRESARIAL
J.
MULTITRANSFER EMPRESARIAL ACH
K.
CASHIER’S CHECKS
L.
LOCAL TRANSFERS
M.
INTERNATIONAL TRANSFERS
N.
TRANSFERS IN FOREIGN CURRENCY
O.
BANK DRAFTS
P.
ON-LINE BANKING
Q.
NIGHT TREASURY
R.
INVESTIGATIONS
S.
OTHER SERVICES
T.
BANK GUARANTEES
U.
LETTERS OF CREDIT – STAND BY
V.
DOCUMENTARY COLLECTIONS
X.
IMPORT LETTERS OF CREDIT
Y.
CLASSIC VISA
Y 1.VISA GOLD
Y 2.VISA PLATINUM
Y 3. VISA BUSINESS
Y4. MASTER CARD STANDARD
Y 5. MASTER CARD GOLD
Y 6. MASTER CARD BUSINESS
Y 7. CREDIT CARD RATES (OTHER RATES)
Z.
PERSONAL LOANS
AA.
CAR LOANS
BB.
MORTGAGE LOANS
ANNEX 1 – TYPES OF INTERESTS IN THE SAVINGS ACCOUNTS
ANNEX 2 – TYPES OF INTERESTS IN MORTGAGE LOANS
ANNEX 3 – STAMPS PAYMENT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
CONTENT
A. Regular Savings Accounts
Natural Person
Legal Entity
Concepts
USD 20
USD 500
N/A
N/A
CO
USD 15
USD 15
CO
6 withdrawals
6 withdrawals
USD 2
USD 2
CO
Monthly inactivity fee after 6 months
N/A
N/A
CO
Monthly inactivity fee after 24 months
N/A
N/A
CO
Local Accounts
Opening balance and minimum monthly average
Monthly charge for below-average balance
Closure of the account before 6 months
Maximum withdrawals allowed for the month
Charge per withdrawal in excess of the maximum allowed
Interest rate
See Annex 1
TI
External Accounts
Opening balance and minimum monthly average
USD 1,000
USD 5,000
Monthly charge for below-average balance
USD 25
USD 50
CO
Closure of the account before 6 months
USD 15
USD 15
CO
6 withdrawals
6 withdrawals
Charge per withdrawal in excess of the maximum allowed
USD 2
USD 2
CO
Monthly inactivity fee after 6 months
USD 15
USD 25
CO
Monthly inactivity fee after 24 months
USD 50
USD 75
CO
Maximum withdrawals allowed for the month
Interest rate
See Annex 1
TI
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
B. Multiahorro Accounts
Natural Person
Legal Entity
Concepts
USD 1,000
USD 1,000
N/A
N/A
CO
USD 15
USD 15
CO
6 withdrawals
6 withdrawals
USD 2
USD 2
CO
Monthly inactivity fee after 6 months
N/A
N/A
CO
Monthly inactivity fee after 24 months
N/A
N/A
CO
Local Accounts
Opening balance and minimum monthly average
Monthly charge for below-average balance
Closure of the account before 6 months
Maximum withdrawals allowed for the month
Charge per withdrawal in excess of the maximum allowed
Interest rate
See Annex 1
TI
External Accounts
Opening balance and minimum monthly average
USD 5,000
USD 5,000
Monthly charge for below-average balance
USD 50
USD 50
CO
Closure of the account before 6 months
USD 15
USD 15
CO
6 withdrawals
6 withdrawals
Charge per withdrawal in excess of the maximum allowed
USD 2
USD 2
CO
Monthly inactivity fee after 6 months
USD 25
USD 25
CO
Monthly inactivity fee after 24 months
USD 75
USD 75
CO
Maximum withdrawals allowed for the month
Interest rate
See Annex 1
TI
C. Christmas Savings Accounts
Natural Person
Concepts
Local Accounts
Opening balance and minimum monthly average
USD 5
Monthly charge for below-average balance
Closure of the account before 6 months
Maximum withdrawals allowed for the month
Withdrawals allowed
N/A
CO
USD 15
CO
Not allowed
During the month of December
Monthly inactivity fee after 6 months
N/A
CO
Monthly inactivity fee after 24 months
N/A
CO
See Annex 1
TI
Interest rate
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
D. Checking Accounts in USD
Natural Person
Legal Entity
Concepts
Opening balance and minimum monthly average
USD 250
USD 1,000
Monthly charge for below-average balance
USD 25
USD 25
CO
Monthly inactivity fee after 6 months
USD 15
USD 25
CO
Monthly inactivity fee after 24 months
USD 50
USD 75
CO
Check stop payment
USD 15
USD 15
CO
Certification of check
USD 3
USD 3
CO
Commission for check paid without funds or drawn
USD 5
USD 5
CO
USD 0.10
USD 0.10
TX
24% anually, USD
24% anually, USD
15 minimum
25 minimum
against product
Fiscal stamps for every check processed
Casual overdrafts due to lack of funds or drawn against
product
Making of standard checkbook
Making of special checkbook
CO
USD 0.10 per check
CO
According to the supplier’s catalog
CT
E. Checking Accounts in USD – International Banking
Natural Person
Legal Entity
USD 1,000
USD 5,000
Monthly charge for below-average balance
USD 25
USD 25
CO
Monthly inactivity fee after 6 months
USD 15
USD 25
CO
Monthly inactivity fee after 24 months
USD 50
USD 75
CO
Check stop payment
USD 15
USD 15
CO
Certification of check
USD 3
USD 3
CO
Commission for check paid without funds or drawn
USD 5
USD 5
CO
USD 0.10
USD 0.10
TX
24% anually, USD
24% anually, USD
15 minimum
25 minimum
Opening balance and minimum monthly average
Concepts
against product
Fiscal stamps for every check processed
Casual overdrafts due to lack of funds or drawn against
product
Making of standard checkbook
Making of special checkbook
CO
USD 0.10 per check
According to the supplier’s catalog
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
F. Checking Accounts in Foreign Currency
(EUR = Euros, GBP = Pound Sterling, CAD =
Canadian Dollar, CHF = Swiss Franc, JPY =
Japanese Yen, CNY = Renminbi or Chinese
(1)
Yuan)
EUR
GBP
CAD
CHF
JPY
CNY
Opening balance and minimum monthly average
2,000
5,000
10,000
15,000
2,000,000
3,000
Monthly charge for below-average balance
20
25
50
50
8,000
30
CO
Monthly inactivity fee after 6 months
15
25
50
50
8,000
25
CO
Monthly inactivity fee after 2 years
50
40
75
75
12,000
75
CO
Account Statement Retention Fee
10
10
15
15
1,000
15
CO
24%
24%
24%
24%
24%
24%
10
25
50
50
8,000
15
min.
min.
min.
min.
min.
min.
Casual overdrafts due to lack of funds or drawn
against product
Concepts
TI
(1) The commissions are established in USD, debiting the account for the exchange value in CNY
G. Checking & Savings Accounts (Other Rates)
Natural Person
Legal Entity
Concepts
Account Statement Retention Fee
USD 10
USD 10
CO
Checks returned for lack of funds
USD 20
USD 20
CO
Checks returned for other causes
USD 10
USD 10
CO
Deposited checks returned by local Banks
USD 15
USD 15
CO
Charge for Deposited checks returned by Banks in the
USD 25
USD 25
USD 25
USD 25
CT
USD 5
USD 5
CO
USD 15 per
USD 15 per
reference
reference
USD 75
USD 75
USA
Charge of the Correspondent for deposited checks
CO
returned by Banks in the USA
Transaction returned by ACH due to a lack of funds
Confirmation of references to clients abroad
Charge for management process with SIB, for accounts
with more than 5 years of inactivity
Copies of checks, deposit slips or account statements
CO
See Section R: Investigations
CO
USD 25
CO
For establishing conditions of embargo/seizure and
providing balances to the Legal Authority
For providing information of the client and the account to
the Legal Authority
CO
USD 25 plus
USD 2 per each copy
CO
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
H. Debit Cards: Visa - MasterCard – Clave
Concepts
Annual fee for main or additional card, issuance or renewal
USD 15
CO
See Section R:
Claims to the system
CO
Investigations
Transactions in Multibank’s ATMs
No Charge
Transactions (consultations, withdrawals…) in ATMs of local banks
USD 0.85
CO
Transactions (consultations, withdrawals…) in ATMs of banks abroad
USD 4.50
CO
USD 5
CO
Monthly Fraud Insurance for Visa and Master Card

Deductible
USD 250
PIN Replacement
USD 1
CO
Card Replacement
USD 5
CO
I. Multiplanilla Empresarial
Concepts
Annual cost for software maintenance
USD 50
CO
USD 0.50
CO
Cost of membership and annuity
USD 15
CO
Cost of initial installation of software
USD 50
CO
Bi-monthly cost for payment applied
J. Multitransfer Empresarial ACH
Concepts
Transactions:

Up to 100
USD 25 per month

From 100 to 500
USD 0.40 per transaction

From 500 to 1,000
USD 0.30 per transaction

More than 1,000
USD 0.25 per transaction
Cost per electronic file transmitted
USD 5
CO
CO
K. Cashier’s Checks
Concepts
Purchased by customers of Multibank
USD 10
CO
Suspension of Payment
USD 15
CO
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
L. Local transfers
Concepts
Transfers between accounts with Multibank
No Charge
Local transfers
USD 5
CO
Local transfers made with On-line Banking

Up to USD 5,000
USD 1

From USD 5,000 to USD 50,000

From USD 50,000 to USD 200,000
USD 5

From USD 200,000 to USD 500,000
USD 10
USD 2.50
CO
M. International Transfers
Concepts
Transfers sent and received in USD

Up to USD 50,000

More than USD 50,000
1/8, USD 25 minimum
1/16%, USD 62.50 min.,
USD 500 maximum

SWIFT Commission (only in transfers sent)
USD 20

Cost of Compliance (only in transfers sent)
USD 5
CO
Returned transfers received (Swift Commission)
USD 20
CO
Amendment of transfers sent
USD 45
CO
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
N. Transfers in foreign currency
Concepts
Transfers made in foreign currency (EUR=Euros,
GBP=Pound Sterling, CAD=Canadian Dollar, CHF=Swiss
Franc, JPY=Japanese Yen, CNY=Renminbi or Chinese
Yuan)
Account to be debited or credited in foreign currency. The
commission is charged in the currency of the account

Transfers received (amount in foreign currency)

Transfers sent, costs to the payee or payer
EUR
GBP
CAD
CHF
JPY
25
20
40
45
4,500
.25
.20
.40
.45
.4,500
Transfers made in CNY (Renminbi or Chinese Yuan). The
commission is established in USD, charging the exchange
CO
value in CNY.

Transfers received
USD 35

Transfers sent, costs to the payer or payee
USD 40
Account to be credited or debited in USD. The commission is
charged in USD.

USD 35
Transfers received in EUR, GBP, CAD, CHF, JPY,
and CNY

Transfers received in other currencies
USD 40

Transfers sent in EUR, GBP, CAD, CHF, JPY, and
USD 40
CNY

USD 45
Transfers sent in other currencies
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
O. Bank Drafts
Concepts
Drafts issued in USD or other currencies

Up to USD 50,000

More than USD 50,000
1/8%, USD 25 minimum
CO
1/16%, USD 62.50 minimum, USD 500 maximum
Stop Payment
USD 20
CO
Swift Commission
USD 20
CO
P. On-line Banking
Concepts
PIN Replacement
USD 1
CO
Q. Night Treasury
Concepts
Regular Security Bags
USD 40
CO
Large Security Bags
USD 60
CO
Key replacement for security bag
USD 15
CO
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
R. Investigations
Concepts
Investigations not caused by error of Multibank

Transactions from the previous month

Transactions up to 6 months
USD 1 per copy/doc., USD 5 min.
USD 3 per copy/doc., USD 15 min.
CO
USD 5 per copy/doc., USD 35 min.

Transactions up to 1 year

Transactions up to 3 years
USD 10 per copy/doc., USD 50 min.

Transactions of more than 3 years
USD 15 per copy/doc., USD 75 min.
Investigations of transactions belonging to the client:

Various transactions
USD 15

Entertainment and travel documents
USD 35

Video request
CO
USD 15 per each transaction transmitted
S. Other Services
Concepts
Letter of confirmation of loan balances
No charge
Interests certification letter
No charge
Solvency and reference letter
USD 10
CO
Balances confirmation to auditors
USD 35
CO
No charge
CO
Irrevocable letter of payment of Consumer Banking
Irrevocable letter of payment from other Banking

Up to USD 10,000

More than USD 10,000
USD 50
CO
2% per year or 1/2% quarterly or fraction
Irrevocable letter of payment with collateral

From USD 10,000 to USD 80,000

More than USD 80,000
Courier commission to send documentation to clients
USD 25
CO
USD 50
25% cost of the supplier
CT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
T. Bank Guarantees
Concepts
Issuance
1/2% quarterly or fraction, USD 50 minimum
CO
USD 50 quarterly or fraction
CO
Term Extension
1/2% quarterly or fraction, USD 50 minimum
CO
Increase amendment
1/2% quarterly or fraction, USD 50 minimum
CO
USD 50 Flat
CO
USD 50 if proceeds
CO
Stamps or fiscal stamps
See Annex 3
TX
Temporary interests
20% per year
TI
1% FECI per year if proceeds
TX
Issuance, backed 100% with cash
Other amendments
Execution
FECI Interest
U. Letters of Credit – Stand by
Concepts
Issuance
3% per year or fraction, USD 100 minimum
CO
0.50% per year or fraction, USD 100 minimum
CO
1/2% quarterly or fraction, USD 50 minimum
CO
USD 50 Flat
CO
USD 50 if proceeds
CO
USD 150
CO
If proceeds
CT
Stamps or fiscal stamps
See Annex 3
TX
Temporary interests
20% per year
TI
1 % FECI per year if proceeds
TX
Issuance, backed 100% with cash
Increase amendment
Other amendments
Execution
SWIFT Commission
Correspondent’s expenses
FECI interest
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
V. Documentary Collections
Concepts
Simple collections received (checks or payments)

Up to USD 10,000
1/4%, USD 12.50 minimum

From USD 10,000 to 20,000
1/8%, USD 25 minimum

More than USD 20,000
1/16%, USD 25 minimum
Return of simple collections received
USD 15
CO
CO
Simple collections sent
1/2%, USD 25 minimum

Up to USD 20,000

From USD 20,000 to 50,000
1/4%

More than USD 50,000
1/8%

Courier Commission
USD 50
Return of simple collections sent
Documentary collections sent

CO
USD 25
1/2%, USD 50 minimum
Courier Commission
USD 50
CO
CO
Documentary collections received

Notification

Payment

Follow-up for failure to pay

Mail
Return of documentary collections received

1/2%, USD 50 minimum
Transfer Fee
CO
USD 5 per notification
USD 6
1/2%, USD 50 minimum
Courier Commission
USD 50
CO
SWIFT Commission
USD 30
CO
Correspondent’s expenses
If apply
CT
See Annex 3
TX
Stamps or fiscal stamps
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
W. Export Letters of Credit
Concepts
Notification
USD 50
CO
1/2% quarterly or fraction, 150 minimum
CO
1/2%, USD 50 minimum
CO
USD 75
CO
Acceptance
1/4% per month or fraction, USD 25 minimum
CO
Amendment due to time extension
1/8% per month or fraction, USD 50 minimum
CO
1/8% for the increase, USD 25 minimum
CO
USD 100 per ammendment
CO
Mail
USD 6
CO
Courier Commission
USD 50
CO
Expired and unused credit
USD 25
CO
1/8 % Flat
CO
USD 50 per set of documents
CO
Confirmation
Use or submission of documents
Handling of documents without confirmation
Amendment due to increase in the amount
Other amendments
Expired credit (Re-opening)
Discrepancy
SWIFT Commission
USD 100 per opening
USD 50 rest
Correspondent’s expenses
CO
If apply
CT
Transfers under letters of credit
1/4 % Flat
CO
Transfer of letters of credit
1/8 % Flat
CO
See Annex 3
TX
Stamps or fiscal stamps
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
X. Import Letters of Credit
Concepts
Opening
1/2% quarterly or fraction, USD 50 minimum
1/8% additional per month or fraction, USD 50
minimum

SWIFT Commission
CO
USD 100
Use or submission of documents
1/2%, USD 50 minimum
CO
Payment
1/4%, USD 25 minimum
CO
Acceptance
1/8% per month or fraction, USD 25 minimum
CO
Amendment due to time extension
1/8% per month or fraction, USD 50 minimum
CO
1/2% for the increase, USD 25 minimum
CO
USD 35 per ammendment
CO
USD 6
CO
USD 50 per set of documents
CO
USD 50 plus expenses
CO
1/16% Flat
CO
SWIFT Commission (except for openings)
USD 50
CO
Correspondent’s expenses
If apply
CT
Transfers under local letters of credit
1/4 % Flat
CO
Transfer of local letters of credit
1/8 % Flat
CO
Stamps or fiscal stamps
See Annex 3
TX
Temporary interests
20% per year
TI
1 % FECI per year if applies
TX
Amendment due to increase in the amount
Other amendments
Mail
Discrepancy
Expired and unused credit
Expired credit (Re-opening)
FECI Interest
Y. Classic Visa
Concepts
Interest Rate
18%
TI
Effective Rate
20.17%
TI
Annual membership of Main Card
USD 70
CO
Annual membership of Additional Card
USD 35
CO
USD 1.00 per each thousand of the balance of
CO
Annual Debtor’s Life Insurance
your account
Annual Fraud Insurance

Deductible
Multiasistencia
USD 2
USD 50
USD 2
CO
CT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
Y 1.Visa Gold
Concepts
Interest Rate
16%
TI
Effective Rate
17.55%
TI
Annual membership of Main Card
USD 70
CO
Annual membership of Additional Card
USD 35
CO
USD 1.00 per each thousand of the balance of
CO
Annual Debtor’s Life Insurance
your account
Annual Fraud Insurance

Deductible
Multiasistencia
USD 5
CO
USD 50
USD 2.50
CT
Y 2.Visa Platinum
Concepts
Interest Rate
14%
TI
Effective Rate
15.24%
TI
Annual membership of Main Card
USD 70
CO
Annual membership of Additional Card
USD 35
CO
USD 1.00 per each thousand of the balance of
CO
Annual Debtor’s Life Insurance
your account
Annual Fraud Insurance
USD 5.00 Cards with limit of up to USD
34,999.99 and USD 10.00 Cards with limit of USD
CO
35,000.00 and more.

Deductible
Multiasistencia
USD 50
USD 2.50
CT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
Y 3. Visa Business
Concepts
Interest Rate
15%
TI
Effective Rate
16.38%
TI
Monthly payment for clients who request Visa
Cancel total balance in the cut-off date by debit
Business Cards in branches or other banking
to the account
CO
Annual membership of Main Card
USD 70
CO
Annual membership of Additional Card
USD 35
CO
that are not Corporate or Commercial
Annual Fraud Insurance
USD 5.00 Cards with limit of up to USD
34,999.99 and USD 10.00 Cards with limit of USD
CO
35,000.00 and more

Deductible
USD 50
Y4. Master Card Standard
Concepts
Interest Rate
18%
TI
Effective Rate
20.22%
TI
Annual membership of Main Card
USD 45
CO
Annual membership of Additional Card
USD 20
CO
USD 1.00 per each thousand of the balance of
CO
Annual Debtor’s Life Insurance
your account
Annual Fraud Insurance

Deductible
Multiasistencia
USD 2
CO
USD 50
USD 2.00
CT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
Y 5. Master Card Gold
Concepts
Interest Rate
18%
TI
Effective Rate
17.52%
TI
Annual membership of Main Card
USD 70
CO
Annual membership of Additional Card
USD 35
CO
Annual Debtor’s Life Insurance
USD 1.00 per each thousand of the balance of
your account
Annual Fraud Insurance
Deductible

Multiasistencia
USD 5
CO
CO
USD 50
USD 2.50
CT
Y 6. Master Card Business
Concepts
Interest Rate
18%
TI
Effective Rate
15.23%
TI
USD 70
CO
USD 35
CO
Monthly payment for clients who request
Business Cards in Corporate or
Commercial Banking
Monthly payment for clients who request
Business Cards in branches or other
banking that are not Corporate or
Commercial
Annual membership of Main Card
USD 1.00 per each thousand of the balance of
your account
Annual membership of Additional Card
Annual Fraud Insurance

Deductible
USD 5
USD 50
USD 2.50
CO
CO
CO
USD 50
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
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Multibank, Inc.
Y 7. Credit Card Rates (Other Rates)
Concepts
Monthly charge for late payment or lower
minimum payment
Minimum monthly payment
Card replacement (Lost or Stolen)
USD 25
SR
3% of the balance owed or minimum of USD 25 +
fraud insurance + financing charge
USD 20
CO
No charge
CO
USD 25
CO
USD 25
USD 5.00 up to USD 100.00 and from USD
101.00, 3%
CO
USD 35
CT
Urgent card for the same day
USD 100
CT
Urgent PIN for the same day
USD 100
CO
USD 5
CO
USD 15
CO
USD 5
CO
claims
USD 15
CO

Training and travel documents
USD 35

Video request
USD 15
PIN replacement
Overdraft fee
Returned check charge
Charge for ATMs or Branch
Investigation of charges or claims that do
not proceed
Account Statement copy – previous month
Account Statement copy – more than two
months
Retention of account statement at Branch
CO
Charge for copy of voucher:

Charge for various transactions
Statement Letter
FECI Charge
No charge
The FECI charge is 1% if the balance to the cutoff is more than USD 5000
TX
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 18
Multibank, Inc.
Z. Personal Loans
Concepts
Closing Fee
7.758%
CO
Check Commission
USD 8.03
CO
Consumer Income (depending on the amounts)
USD 1.07
CO
Notary’s Office (Consumer)
USD 5.35
CO
Penalty for early cancellation
2% of the balance owed of the
personal loan
ID Verification
Fiscal stamp per each check processed
SR
USD 1.07
CO
USD 0.10 per thousand
TX
Notary’s Office Expenses

Personal Loans
USD 5.00 per promissory note

Pledge Loan

If the client does not sign (only Senior Citizens and
USD 10.00 per Pledge
CT
USD 10.00
Pensioners)

If it is a loan “at his/her request” (only Senior
USD 15.00
Citizens and Pensioners)
Life Insurance
2.25%
CT
AA. Car Loans
Concepts
Closing Fee
1.758 % of the amount to be financed
CO
Up to USD 250
CO
USD 26.75
CO
USD 1.61
CT
Legal Expenses- FWLA
USD 176.55
CT
Life Insurance
USD 0.00033
CT
Notary’s Office
USD 5.00 per promissory note
CT
ID Verification
USD 1.07
CO
Release of car with deed
USD 80.25
CT
2 monthly payments in addition to the balance
SR
Administrative Expenses
Release of car due to Cancellation
Charges to Third Parties
Fixed Charge- FWLA
Penalty

Cancellation before the first 3 years of
the validity of the credit.
of the car loan.
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 19
Multibank, Inc.
BB. Mortgage Loans
Concepts
Interest Rate
Administrative Expenses (local clients)
Surcharge for default
See Annex 2
TI
USD 8
CO
5% per year
SR
Closing Fee

Clients Abroad
2%

Secured Loans (Consumer)
2%

Senior Citizens
CO
1%
Payments retained

Free agents
1 monthly payment

Foreigners
2 monthly payments
Payment retained for the term of the loan in ledger account
Commission for preparation of checks

Payments to third parties for secured loans
USD 7
CO
USD 150
CO
CO
(consumer)
Mortgages cancellation minutes

Legal Department Fees
Penalties

Cancellation before the first 5 years
2%

After the first 5 years
1%
ID Verification
USD 1.00
CO
Life Group Insurance

Age 18-55 Individually
USD 0.30

Age 18-55 Jointly
USD 0.55

Age 56-60 Individually
USD 0.40

Age 56-60 Jointly
USD 0.70

Age 61-70 Individually
USD 1.00

Age 61-70 Jointly (calculated with the oldest debtor)
USD 1.69
CT
Fire Group Insurance

Province of Panamá
USD 0.12

Province of Veraguas
USD 0.12

Province of Chiriquí
USD 0.15

Province of Bocas del Toro
USD 0.25

Province of Colón
USD 0.15

Province of Los Santos
USD 0.12

Province of Coclé
USD 0.12

Province of Herrera
USD 0.12
CT
Attorneys at Law’s Fees

Deed preparation
USD 175
CT
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 20
Multibank, Inc.

Minute preparation (deed made by the promoter)
USD 125
Notary’s Offices

Notarize Direct Discount
USD 14

Notarized paper
USD 2

Stamps (per each page)
USD 4

Notarial Rights (Cancellations, Sales, Transfers, etc.)
according to the amount
CT
Fee established by each
Notary’s Office according to the
amount
Panama Public Registry

(Cancellations, Sales, Transfers, etc.)
Fee established by Panama
Public Registry.

Prime rate certification

Estate qualification
USD 30
CT
USD 10
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 21
Multibank, Inc.
Annex 1 – Types of Interests in the Savings Accounts
Concepts
Regular Savings
Up to USD 20.00
0%
TI
From USD 20.00 to USD 50,000
1.25%
TI
More than USD 50,000
0.30%
TI
Up to USD 1,000
0.50%
TI
From USD 1,000 to USD 25,000
2.50%
TI
From USD 25,000 to USD 50,000
3.00%
TI
From USD 50,000.00 to USD 100,000
0.50%
TI
From USD 100,000 to USD 500,000
0.375%
TI
More than USD 500,000
0.25%
TI
Up to USD 5,000
2.50%
TI
More than USD 5,000
0.00%
TI
Multiahorro
Christmas Savings
Note: The interests are calculated by sections, id. est., in a regular Savings Account, the first USD 50,000 is
calculated to 1.25%, and the amount over USD 50,000 is calculated to 0.30%.
Annex 2 – Types of Interests in Mortgage Loans
Concepts
Prime Rate
Up to USD 30,000
0%
TI
From USD 30,000 to USD 65,000
3%
TI
From USD 65,000 to USD 80,000
5%
TI
Not Prime Rate
6.75%
TI
Foreigners
7.75%
TI
Beach and country houses
7% + FECI
TI
Mortgage security (second mortgage)
7% + FECI
TI
Not Prime Rate
The Bank may vary the interest rate according to the cost of funds and conditions of the market, promotions and fairs. The
effective rate is calculated on the basis of the term, plus administrative expenditure, plus Commission when it applies; you will
be notified in the letter of terms and conditions.
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 22
Multibank, Inc.
Annex 3 – Stamps Payment
Concepts
Time Drafts

Out of the Republic of Panama and to
be paid at it per each (B/. 100.00) or
USD 0.05
fraction of hundred of the draft value.

TX
In the Republic, to be paid at it, per
each (B/. 100.00) or fraction of
hundred.
USD 0.10
Concepts: IR (Interest Rate); CO (Commission); SR (Surcharges); CT (Charge for Third Parties Accounts); TX
(Taxes).
Note: Banking commissions are subject to ITBMS Tax.
Page 23
Multibank, Inc.