Application Compliance Fee

Effective 1st of January 2014, Kalet Offshore Group has implemented an Application Compliance Fee of US$470.00 for each Non-US application and US$550.00 for US Applications respectively. This application fee is to be paid with the initial minimum deposit of US$2,500.00 for accounts to be activated.

Demand Deposit Accounts and Lifestyle Accounts

• Application Fee - 100
• FACTA Fee - 250 (only for those accounts affected by FACTA regulations)
• Corporate, Personal & Joint Accounts – 14.50 monthly service charge

Term Deposits

Penalty for early closure 1% (minimum 500.00)

Loan Negotiation Fee

1.8750% of consideration (minimum 500.00)

Wire Transfers

• Outgoing Transfer - 100.00
• Transfer between accounts - 5.00
• Incoming wire - 10.00 plus Correspondent Bank fees
• Unable to pay receiving bank (outgoing/incoming) 10.00 plus foriegn bank charges
• Tracers - 35.00 plus foreign bank charges

Cash - presented or withdrawn in person

• Cash Deposited (require 2 business days' notice) - 3% on the amount deposited
• Cash Withdrawal (require 2 business days' notice) - 3% on the amount withdrawn

General

• Withdrawal from initial deposit before 30 days - 1/8% on amount (minimum $25)
• Inactive accounts - no activity for 24 months - 10.00 annually
• Dormant accounts - no activity for 36 months - 20.00 annually
• Closure of account - within 6 months of opening - 25.00 plus wire transfer fee