The Windward Island Bank Ltd.

Products and Services

Current Accounts

ADMINISTRATION & RECONCILIATION

The actual processing of updating new accounts to existing accounts, closing of accounts stop-payments handled in this department. Reconciliation is done to ensure that entries which have been submitted and processed correctly. All errors associated with incorrect entries, posting errors due to currency differences etc. are corrected.

CLAIMS

Disputes or complaints on accounts, once taken by Customer Services, are handled in the form of a claim. Quite often investigations are needed to clarify a particular dispute which a client may have on his/her account. The responsibility of the claim division of the Current Accounts department is to ensure that all disputes and complaints are handled in an efficient and satisfactory manner.

Audit US$ 25.00 Charge Res. only

Casual Overdraft Interest 18% per annum with minimum US$ 5.60 or Naf. 10.00 N/A

Cheque Books 25 cheques for US$ 6.13 or Naf. 10.97 per book
50 cheques for US$ 12.25 or Naf. 21.93 per book
100 deskcheques for US$ 24.50 or Naf. 43.86 per book
(incl. Naf. 0.25 stamp tax per cheque)

Included

Claims US$ 2.00 or Naf. 3.60

Copies - Advices US$ 1.50 or Naf. 2.70 Charge Res. only

Copies - Statements Personal Account: US$ 8.70 or Naf. 15.30
Business Account: no charges
Included

Daily Statements 1% of face amount purchased Included

Dormant Accounts S/A - US$ 5.10 per annum Included

Foreign Bank Check Deposited ¼% of amount with minimum of US$ 10.00 Charge Res. only

Green Office Cheque Naf. 1.00 per cheque Charge Res. only

Hold Mail Daily and weekly statements: US$ 17.10 or Naf. 30.60 per month
Monthly statements: US$ 2.85 or Naf. 5.10 per month Included

Interest Statement US$ 7.50 Charge Res. only

Letter of Advice of Overdraft Balances US$ 5.00 Charge Res. only

Reference Letters US$ 5.00 or Naf. 10.00 Charge Res. only

Return Cancelled Cheques With daily, weekly, or monthly statements: Naf. 30.60 or US$ 17.10 per month Included

Returned Cheques Local: US$ 10.00 (NSF)
Foreign: US$ 10.00 plus foreign bank charges Charge Res. only

Search of Vouchers US$ 1.50 per copy of US$ 10.00 over hour if over 10 items Charge Res. only

Service Charges: Personal Minimum deposit of US$ 600.00 or Naf. 1,000.00
If balance goes below minimum balance, an additional charge of US$ 3.16 or Naf. 5.61, plus a minimum interest on debit balances of US$ 5.60 or Naf. 10.00 Included, except debit balances.

Service Charges: Commercial Same as above with exceptions allowed on large accounts with Management authorization

Stop Payments Local: US$ 10.00 or Naf. 18.00
Foreign: US$ 42.50 plus any foreign bank charges Charge Res. only