Why adjust our Fees?
Frequently Asked Questions about our changes to Fees and Charges:
Why have fees been adjusted?
The COVID-19 pandemic has placed immense pressure on the social and economic structures of many global economies, including that of Trinidad and Tobago. In the last year specifically, the local economy has seen an overall reduction in foreign exchange generation, high levels of excess local currency liquidity and decreasing market interest rates.
When do the new fees and charges come into effect?
New Fees come into effect on May 01st 2021.
Where can I find the full list of fees?
This updated schedule of fees and charges, which become effective on May 01st 2021, can be viewed via our website using the link https://tt.jmmb.com/banking-fees-and-charges.
Which fees are new and which have been adjusted?
Maintenance fees on Booster Savings Accounts, ATM Fees and Point of Sale fees are new. All fees can be viewed via our website using the link https://tt.jmmb.com/banking-fees-and-charges.
Is the monthly maintenance fee on the Booster Savings Account in addition to the annual fee for the VISA International Debit Card?
Yes. There is a new monthly maintenance fee on TT$ Booster Savings accounts of TT$10.00. Annual Fees on your Visa International Debit Cards, remain the same.
Why have rates been adjusted?
In light of overall declining rates we have reviewed the interest rates offered across all of the Bank products, and have adjusted accordingly.
Do I have to pay for transactions to another JMMB account?
No. there is no fee to transfer from JMMB to JMMB accounts.
Is there a fee at the JMMB Bank ATM?
No. There is no fee at a JMMB Bank ATM using your JMMB Bank Card.
Is there a fee at other bank ATMs?
Yes. There is a charge of TT$4.00 to JMMB Clients using other bank ATMs.
Is there a fee to make transfers to other banks through Moneyline (online banking)?
Yes. Transfers to other local Banks using ACH/Automated Clearing House option attracts a fee of TT$2.00 per transaction.
Is there a charge for Point of Sale (POS) transactions?
There is a new charge on 'Point of Sale' transactions done internationally as well as online (online shopping).
The fee is TT$4.00 per transaction.
There is no fee on Point of Sale transactions done locally.
All additional questions or concerns can be directed to infott@jmmb.com or call JMMB Client Care immediately 800-5662 Option 1 for Bank.