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Banking Fees and Charges

(effective April 30th 2021)

 

Charges on Accounts

 

Category

Frequency

Fee

Maintenance Fee – Booster Savings TT$ 

Maintenance Fee – Booster Savings US$

Monthly

Monthly

$10

US$1.50

Maintenance Fee – EzAccess Pro Chequing Account

Monthly

$20

Maintenance Fee – EzAccess Private Plus

Monthly

Nil

Maintenance Fee – Smart Business SME

Monthly

$25

Maintenance Fee – Smart Business CORP

Monthly

$75

Dormant Account Fee

Annually

$50

 

Cheques & Drafts

 

Category

Frequency

Fee

Cheque Book Acquisition Fee (Retail) 4 books (100 leaves) per order

Per Order

$100.00

Cheque Book Acquisition Fee (Business) ( 600 leaves per order)

Per Order

$360.00

Cheque Debit Fee

Per cheque debit

$1.25

Cheque returned due to insufficient funds

Per Unit

$30.00

Cheque Stop Payment fee

Per Unit

$30.00

Stop payment on foreign currency drafts

Per Unit

USD$40.00

Charge back item On Us

Per Unit

$30.00

Charge back item Foreign Exchange

Per Unit

US$10.00

 

Cheques & Drafts (continued)

 

Category

Frequency

Fee

Overdraft Fee (Initial)

% of value

1% of committed amount (minimum $150.00)

Overdraft Renewal Fee

Annually

1% of committed amount (minimum $150.00)

Transaction Fee per item over the authorized/unauthorized limit (Any transaction which puts the account in excess)

Per Unit

$25.00

Issue Duplicate Foreign Draft

Per Unit 

 Nil

USD Cheque Deposit must be drawn on Citibank

Per Unit

TTD200.00

Cashing of Manager's Cheque

 

N/A

 

Electronic Services

 

Category

Frequency

Fee

ATM enquiry

JMMB ATM

No Charge

ATM withdrawal (TT$)

JMMB ATM

No Charge

ATM withdrawal declined

JMMB ATM

No Charge

ATM enquiry

Non JMMB ATM

Not Possible 

ATM withdrawal (TT$)

Non JMMB ATM

TTD4.00

ATM withdrawal declined (NSF)

Non JMMB ATM

TTD4.00

Withdrawal at other Banks' ATMs Internationally

 

$35.00 (Not presently allowed)

International POS

Per Transaction

TT$4.00

E-Commerce Transactions

Per Transaction

TT$4.00

ATM Limit

Daily

$3,000

POS Limit – Visa Gold

Daily

$20,000

POS Limit – Visa Classic

Daily

$10,000

 

 

Electronic Services (continued)

 

Category

Frequency

Fee

Visa Card - 1st issue fee

Initial

Classic $150.00
Gold $200.00

Visa Card - Renewal Fee

Annual

Classic $150.00
Gold $200.00

Visa Card - Replacement Fee

Per Unit

Classic $150.00
Gold $200.00

Wire Transfer Fee Outgoing

Per Transaction

 $65.00

Wire Transfer Fee Incoming – TT$ A/c

Per Transaction

$20.00

Wire Transfer Fee Incoming – Foreign Currency A/c

Per Transaction

US$10.00

RTGS Outgoing Transaction Fee

Per Transaction

$65.00 

RTGS Incoming Transaction Fee

Per Transaction

Nil

Returned /Recalled RTGS

Per Transaction

 

Nil

 

Note: Internet banking-related transactions attract the same charges as those listed above.

Outgoing transfers are also subject to the Intermediary Bank’s charge

Transaction Fees

 

Category

Frequency

Fee

Manager’s Cheque $500K & over

Per Cheque

$130.00

ACH Fee Per Transaction

Per Transaction

$2.00

ACH Sundry Query Fee

-

Free

Over Counter Inter-Bank Transfer

Per Transaction

$2.50

ACH Direct Fee (processed by originator)

Per Transaction

$2.00

ACH Indirect Fee (processed by Bank Obo Originator)

Per Transaction

$2.00

ACH Credit Return Fee

Per Transaction

$20.00

ACH Debit Return Fee

Per Transaction

$20.00

Credit Bureau - Personal

Per transaction

$150.00

Credit Bureau - Business

 

Company Registry - $50

Each Director - $150

 

Transaction Fees

 

Category

Frequency

Fee

Acceptance/ Commitment Fee

Per transaction

1.0% of loan value

(min. $1,000.00)

Late Payment Fee

Monthly

2% of delinquent amount

 (Min. $50.00)

Settlement Letter

Per letter

TT$50.00

Early Settlement Fee (for full outstanding balance)

-

In lieu of 3 months’ notice 3 months’ interest

Cost of cash deposit

 

0.25% for deposit >=$75K

Hold mail

Annual

Annual - $675

Manager's Cheques - Bank Customer (online)

Per Unit

$25.00

Manager's Cheques - Bank Customer (in Branch)

Per Unit

$30.00

Manager’s Cheque Re-issued

Per Unit

$30.00

Moneyline Corporate Batch Upload Fees

Category

Fee

Set up fees

$500.00

PLAN A

 

100 items

$100.00

PLAN B

 

200 items

$110.00

PLAN C

 

500 items

$150.00

PLAN D

 

1000 items

$200.00

PLAN E

 

1500 items

$210.00

PLAN F

 

Over 1500 items

 Negotiable

 

Cheque Encashment

Category

Frequency

Fee

Stop Payment on Manager’s Drafts

Per Unit

$30.00

Stop Payment on Personal Cheque

Per Unit

$30.00

Manager's Cheques - Non-Bank Customer (Local Draft)

Per Unit

Not available

 

Cheque Cashing – Non JMMB Bank Cheque

 

Per Unit

Not available

 

Manager's Cheques - (Foreign Draft)

Per Unit

$30.00

Reissue Manager's Cheques - (Foreign Draft)

Per Unit

$30.00

Manager's Cheques - Non-Bank Customer (Foreign Draft)

Per Unit

 Not available

Letters/Misc. Requests

Category

Frequency

Fee

Bank Reference Letter

-

$30.00

Embassy Letter/Certification of Account Balance/Statement Balance/Special Letters

Per Unit

$30.00

Auditor's Report

Per Year

$100.00

Attorney's Request for Estate Information

Per Request

$150.00

Account Research /Voucher Search

 

$25.00

Voucher Search/copy request over 1 year

 

$100.00

Voucher Search/copy request current year

 

$25.00

cheque/copy request current year

 

 

$25.00 (Falls under Account Research / Voucher)

cheque Search/copy request over 1 year

 

$100.00 (Falls under Account Research / Voucher)

Certificate of Balance

 

$30.00 (classified under embassy letter etc.)

Payments against uncleared effects (TT)   15% pa for 4 days on the amount being requested min TTD26
Certificate of Deposit – Early Encashment  

2.0%

(Current – forfeit of interest as rates below 2.0%)

 

Letters/Misc. Requests (Continued)

 

Category

Frequency

Fee

Standing Order

Per Transaction

$10.00

Standing Order - cheque

 

$10.00 plus $30 cost of cheque = $40.00

In Branch Printed Statements

Per statement cycle (monthly/ quarterly)

$30.00

Safety Deposit Box

Annually

Small - $74.75

Medium – $97.75

Large – $155.25

South Park Small – $225.00

South Park  Medium – $275.00

South Park  Large - $375

Replacement of Lost Key

 

$50.00

Night Bag Fee

Per Unit

$3.00

Processing of Night Depositry

Per deposit

0.15% of total value of deposit including cash and cheques subject to a minimum of $30.00

Deposit comprising 4 or less cheques ONLY $30.00

New Night Safe Key

 

$70.00

Frequently Asked Questions

...about changes to our fees and charges

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.

New fees came into effect on May 01st 2021.

Maintenance fees on Booster Savings Accounts, ATM Fees and Point of Sale fees are new.

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.

In light of overall declining rates we have reviewed the interest rates offered across all of the Bank products, and have adjusted accordingly.

No. there is no fee to transfer from JMMB to JMMB accounts.

No. There is no fee at a JMMB Bank ATM using your JMMB Bank Card.

Yes. There is a charge of TT$4.00 to JMMB Clients using other bank ATMs.

Yes. Transfers to other local Banks using ACH/Automated Clearing House option attracts a fee of TT$2.00 per transaction. 

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.

 

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