Bano

Corporate account rates (standard)
Service Name		Fees
Account opening fee	Standard Account Opening Fee	$2000
	Preferential Account Opening Fee*	$800
Monthly Management Fee	Standard Monthly Management Fee	$200
	Preferential Monthly Management Fee*	New subscribers: 6 months free of monthly management fee from the date of account opening and payment of fees; If there is no fund remittance within 6 months after the subscriber completes the payment, the monthly management fee will be charged from the 7th month onwards; From the 7th month onwards, if at least 3 transactions (inward or outward) are completed in the same month, the monthly management fee will be waived for that month; From the 13th month onwards, the monthly management fee will be waived if the average daily balance of the account is at least USD 5w.

*Preferential rates are only applicable to some types of accounts, please contact customer service for details of the applicable rules.

Collection fees (standard)
Service Name		Fees
Transfer from other Bano Accounts		0
Local Collections	AUD	A$30
	GBP	£30
	EUR	€30
	HKD	1%
	USD-ACH	$30
	USD-FedWire	$30
	NZD	N$30
	SGD	S$30
	Others	$30 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.
SWIFT Collection	USD	$30
	AUD	A$30
	GBP	£30
	EUR	€30
	NZD	N$30
	SGD	S$30
	Others	$30 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.

Remittance fees (standard)
Service Name		Fees
Transfer to other Bano Accounts		0
Local Payment	GBP	£10
	EUR	€10
	USD-ACH	$10
	USD-FedWire	$10
	CAD	£12.5
	HKD	HK$100.00
	PHP	£50
	MRY	£30
	INR	£30
	IDR	£30
SWIFT Payment	USD	$40
	AUD	A$55
	Others	$40 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.
Pay to Alipay account	AUD-CNY	1.50%, min. 15AUD
Bpay	Bpay with Bano	0
Bpay	Bpay with Unionpay	1.50%, min. 15AUD
Pay to Unionpay Account	AUD-CNY	1%, min. 13AUD
Pay to Unionpay Account	USD-CNY	1.5%, min. 12 USD

Corporate account rates (Island Corporate Customers)
Service Name		Fees
Account Opening Fee	Standard Account Opening Fee	$5000
Monthly Management Fee	Standard Monthly Management Fee	$1000

Collection fees(Island Corporate Customers)
Service Name		Fees
Transfer from other Bano Accounts		0
Local Collections	AUD	A$30
	GBP	£30
	EUR	€30
	HKD	1%
	USD-ACH	$30
	USD-FedWire	$30
	NZD	N$30
	SGD	S$30
	Others	$30 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.
SWIFT Collections	USD	$30
	AUD	A$30
	GBP	£30
	EUR	€30
	NZD	N$30
	SGD	S$30
	Others	$30 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.

Remittance fees(Island Corporate Customers)
Service Name		Fees
Transfer to other Bano Accounts		0
Local Payment	GBP	£30
	EUR	€30
	USD-ACH	$30
	USD-FedWire	$30
	CAD	CAD$30
	HKD	HK$100.00
	PHP	$30
	MRY	$30
	INR	$30
	IDR	$30
SWIFT Payment	USD	$40
	AUD	A$55
	Others	$40 *The fee will be converted to the corresponding currency using the real-time exchange rate, if the exchange rate fluctuates greatly, the amount of the handling fee will also change.
Pay to Alipay account	AUD-CNY	1.5%, min. 15AUD
Bpay	Bpay with Bano	0
Bpay	Bpay with Unionpay	1.50%, min. 15AUD
Pay to Unionpay Account	AUD-CNY	1%, min. 13AUD
Pay to Unionpay Account	USD-CNY	1.5%, min. 12 USD

FAQ