PRICING
Account opening and maintenance
Account Activation $499
Monthly Maintenance $75
Incoming payments
Internal (Between C&P Accounts) 0.75%
Incoming transfer / payment (SWIFT) $49 + 1.75%
Outgoing payments
Internal (Between C&P Accounts) 0.75%
External transfer / payment (SWIFT) $49 + 3.75%
Exchange
FIAT to FIAT 0.75%
Collect&Pay Ltd. | 55/ 17 Mangilik El ave., Astana, Kazakhstan | +77172972430 1
OTHER FEES
Name of Service Fee
Online banking Free
Dedicated account manager Free
Application Processing Free
Providing Account Confirmation Letter $49
Providing Account Statement $49
SWIFT transfer cancellation $49
Transaction Investigation $49
Annual processing $99
Closing the account $199
*Enhanced Due Diligence $499
Transfer rejection by the correspondent bank $299
UBO change, management or structural change of the company information $199
Maintenance of an inactive account (min. 1 transaction per month) $299
Express transaction $77
**Exceeding the maximum balance of the account $499
***Monthly fee for holding funds 0.4% per day
Account activation fee depends on check processing accounts for High-risk, Medium-risk or Low-risk company checking.
* Enhanced Due Diligence procedure may be initiated due to the wrong narrative, exceeding the limits, several transactions from one counter party per day, etc
** The maximum balance for the Account shouldn't be higher than USD 250,000
*** If the account balance is equivalent or higher than USD 30 000 for more than 30 days, 0.4% per day will be charged from the amount exceeding the above-mentioned.
Additional compliance charge can be applied for High-Risk Transfers (HRT). HRT – category of transfers related to PEPs,
individuals for whom negative adverse media is available, or ones that triggered inquiries of our partner banks/FIs or similar.
The compliance fee is 0.5% (min. USD 250) and maybe applied to HRT or when a single transaction amount or accumulative
amount multiple transactions processed within a 24-hour interval exceeded USD10,000
Payments to/from high risk countries (FATF Grey list or low tax jurisdictions) are charged additional 250 USD.
Additional contractual penalty $299 for failing to provide documentation following Collect & Pay deadlines may be applied.
Requests for currency conversion during the weekend will be charged with additional fee of 1%.
If the payment to our customer contains incomplete details and manual processing is required, we may charge additional
100 USD for it.
Sometimes we may request supporting documentation for transactions made at our payment system. Please make sure you
are able to provide them in timely manner otherwise the transfer will be rejected.
Collect&Pay Ltd. | 55/ 17 Mangilik El ave., Astana, Kazakhstan | +77172972430 2
EXPLANATIONS AND DEFINITIONS
Collect & Pay Ltd provides a number of payment options to meet all your business
requirements. We serve corporate clients around the world enabling them to open
an account within 48 hours. Our service includes:
SWIFT transfers;
Multicurrency IBANs;
Live currency exchange;
Debit and prepaid cards;
Remote onboarding;
Customer support 24/7;
Multi-signature rights to manage the account;
Full internet banking online;
Client categories
Each category is assigned according to the risk assessment done by the Collect & Pay
compliance team. The classification will be sent to the client upon the completion of
the compliance check.
High-risk business activity
Collect & Pay maintains a list of business activities it considers to be higher risk in
nature. The list contains business activities which require more time and efforts to
assess and manage compliance risk. A list of higher risk business activities is provided
below: Forex, Crypto, Gaming, Pharma, commodities, MSBs/PSPs, Precious Metals,
Speculative Trading, any other activities in accordance with the C&P decision.
Black-list countries
Companies from the following jurisdictions cannot be provided with Collect & Pay
services: Iran, North Korea, Syria
Grey & High-risk jurisdictions
any country according to FATF “Jurisdictions under Increased Monitoring”
https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/
Increased-monitoring-october-2023.html and any other country according to the
Collect & Pay decision.
Collect&Pay Ltd. | 55/ 17 Mangilik El ave., Astana, Kazakhstan | +77172972430 3
Application Processing Fee
Charged after the first account funding. The application processing fee will be
charged from the initial funding you will transfer to your account. The remaining
funds will be available for your future transactions.
SWIFT with OUR payment type
All transfer charges are paid by the funds sender. This means the transfer amount
is expected to be delivered in full to the beneficiary.
KYC/AML Check for complex entities
For making KYC/AML Check for complex entities additional fees may be charged.
Complex entities are those having a complex organizational structure.
Minimum Deposit and transactions
For account activation a minimum first-time deposit is required ($1000)
Minimum 1 transaction per month is required for the account to be active.
Otherwise Collect & Pay reserves the right to charge additional fee for an
inactive account.
Currency exchange
For currency exchange additional charges will be applied according to the
bank or exchange partners rates.
For more information, kindly contact our Customer Support team:
contact@collectnpay.com
Collect&Pay Ltd. | 55/ 17 Mangilik El ave., Astana, Kazakhstan | +77172972430 4
