CHANGES IN TARIFF OF CHARGES
The Bank will be revising its Tariff of Charges with effect from 1 September 2020 as per list below.
All other charges and fees not listed below remain unchanged.
BANK ACCOUNTS AND RELATED SERVICES
Current Tariff New Tariff
Dormant Account €0.00 €35.00 per annum per account
A Deposit account that has not been used/idle/
no financial withdrawals or deposits effected for
2 years.
Does not apply to Young Savers Accounts,
Basic Payment Accounts, Portfolio Investment
Accounts or Fixed Term Deposit Accounts
Combined Accounts Average Book Balance €0.00 €10.00 per quarter
less than €200.00
Charge is per customer and
Applies to Savings Accounts and Call Accounts applies if the combined average
domiciled in euro or foreign currency e.g. book balance of all Savings and
€200.00, GBP200.00, USD200.00 etc. Call Accounts held by customer
during the previous quarter is
Does not apply to BOV Club Accounts, Young less than €200.00.
Savers Accounts and Basic Payment Accounts.
EXAMPLE: I have 3 savings
accounts – I must have a total
of €600.00. These can be
placed in different amounts
across my 3 accounts such as
Account A €100.00, Account
B €150.00 and Account C
€350.00
Early Closure Charge €0.00 €10.00
Account is closed by customer within 6 months
from opening date
Request for up-to-date paper statement Monthly request - free Monthly request - free
(update from the last official statement issued)
Additional requests for paper statement:
Over the counter €1.16 per statement €1.50 per statement
Through digital channels (24x7) €1.16 per statement €1.50 per statement
Request for back-dated paper statement Monthly request- free Monthly request - free
Additional requests for paper statement:
Over the counter €1.16 per page €1.50 per page
Through digital channels (24x7) €0.93 per page €1.25 per page
Current Tariff New Tariff
Declarations Issued by Bank (plus VAT) €0.00 €25.00
Non-Personal Account Maintenance Fee €0.00 €10.00 per month
Applies for non-personal customers who have a Charge is per non-personal
Current, Call or Savings accounts customer and not per account
Minimum Balance of accounts – Currently savings accounts must be opened with a minimum deposit of €200.00.
This condition will now also include that each Savings Account must have an ongoing minimum book balance of
€200.00. It also applies to Savings accounts domiciled in foreign currency e.g. GBP200.00, USD200.00.
Does not apply to Young Savers Accounts, Basic Payment Accounts, BOV Club Accounts, e-Account and Portfolio
Investment Accounts.
There is no fee related to this condition.
CHEQUE BASED PAYMENT SERVICES
Central Bank of Malta cheque encashment at €4.50 €5.00
Branch
BOV cheque encashment at Branch €0.00 €5.00
Issue of Bill Payable / Local Banker Draft €2.91 €5.00
Cheque Offence
Charge for every Cheque referred/drawn against €23.29 per cheque €30.00 per cheque
insufficient funds whether honoured or dishonoured
by the Bank
Bank issues letter about Repeated Cheque Offence €0.00 €10.00
– more than 3 cheque offences in a month
Repeat Cheque Offence in 2nd month €0.00 €10.00
Repeat Cheque Offence in subsequent 3rd month n/a No Charge but chequebook/s
will be withdrawn
Stop Payment of Bill Payable / Local Banker Drafts €4.66 €7.00
Stop Payment of Foreign Drafts €25.00 €35.00
Order of Foreign Currency Drafts €30.00 €35.00
(excludes foreign bank charges as applicable)
Return of Foreign Unpaid Items €0.00 €5.00
(excludes Foreign Bank Charges and any out of
pocket expenses)
Chequebook Orders - 20 leaf chequebook Postage costs €1.50 per chequebook
(includes postage)
Chequebook Orders - 40 leaf chequebook Postage costs €2.50 per chequebook
(includes postage)
Current Tariff New Tariff
Cheque Charge to Issuer €1.00 per cheque for customers €1.00 per cheque encashed /
(charge incurred by customer / business issuing issuing 200+ cheques per deposited
cheque) month
First 100 cheques issued in
one calendar year are free of
charge*
Customers issuing more than
100 cheques will incur a fee of
€100.00 and €1.00 per cheque
thereafter
*For 2020, cheques issued
prior to 1 July 2020 will not be
counted
Special Clearing of Domestic Cheques €25.00 per destination €50.00 per destination
No additional fee applies for multiple cheques
presented by the same customer at the same
time and for the same destination.
Cheque Images €1.16 per image €1.25 per image
COIN EXCHANGE SERVICES
Inward Coin Deposits €0.00 2% minimum €2.50
Personal and Business deposits with more than 10 loose No charge for Young
coins Savers Deposits
Outward Coin Exchange – Loose Coins up to €1,000.00 - €10.00 2% minimum €2.50
Customer requires coins in exchange of notes or other per denomination
payment method over €1,000.00 - €20.00
per denomination
PAYMENT SERVICES
Batch Multi Currency Payments Amounts up to 0.125% (min €2.33 max
Non SEPA Foreign Currency €11,646.84 - 0.125% €25.00) + €11.65 +
(min €2.33 max €29.12) + Foreign Bank charges will
€6.99 + €11.65 be applied as charged by
Foreign Banks
Amounts exceeding
€11,646.84 - 0.125%
(min €2.33 max €29.12)
+ €11.65 + €11.65
additional fee.
Foreign Bank charges will
be applied as charged by
Foreign Banks
Standing Orders
Over the counter Set Up Fee €0.00 €2.50
Unprocessed Standing Order €15.00 €20.00
e.g. due to insufficient funds
Execution of Payment Instruction Letter €0.70 €2.00
Current Tariff New Tariff
SEPA Direct Debit Rejects Fee (Creditor) €5.00 €2.00
SEPA Direct Debit Collection (Creditor) €0.20 €0.12
SEPA Batch Payment file (non-salary related payments) €1.00 up to €1,000.00 €0.15 up to €1,000.00
and €4.00 over €1,000.00 and €0.75 over €1,000.00
Non-Personal Customers applicable with effect from 1 July (including BOV to BOV (including BOV to BOV
2020 Payments) Payments)
Bill Payments over the counter € 2.33 € 2.50
Charge to customer paying bill.
Excludes payments for BOV Services
BOV CARDS
Visa and Mastercard fee when issued together €28.00 €30.00
Reissue of PIN collected from Branch or Head office €5.00 €10.00
Newly issued card collected from Branch or Head Office Nil €10.00
Credit Cards Late Payment Fee: Second and subsequent €5.00 €15.00 per month
months
Paper based reprint of statement €1.16 (per statement) €1.00 per page and
€25.00 per statement
for statements prior to
Financial Year 2000
Paper based copy of statement for customers with a BOV €1.16 (per statement) €1.00 per page and
24x7 Internet Banking Subscription €25.00 per statement for
statements issued prior to
Financial Year 2000
Save on charges!
Use the BOV digital channels for cheaper, fast and secure banking
