August 1, 2017 June 16, 2017

SAVINGS SERVICE CHARGES 2017 – 2018

A | LOCAL CURRENCY RELATED CHARGES

Per cheque. 50% Discount to Premier Club
1. Local Cheque Withdrawal $350.00 | US$3.00 | CAN$4.00 | £2.00 Members/Senior Citizens.

2. Special Delivery Instructions $1,400.00 | US$11.00 | CAN$15.00 | £10.00 Bearer services per location.

3. Local Cheque Withdrawal valued

J$5,825.00 + cheque fee Per Cheque.
at Over $1 Million

Inclusive of the other bank’s charges.

4. Local Returned Cheque $2,450.00 | US$20.00 | CAN$26.00 | £15.00 Insufficient funds, refer to drawer, technical
reasons

Per Cheque. Fee includes respective

5. Stop Payment Order $950.00 charges from other local banks

6. Local Transfer (RTGS) to Third Party

Account at other Banks (done in-branch)
Per Transaction. Applicable to all parties.
- Outgoing $300.00
Per Transaction. Applicable to all parties
- Incoming $100.00

7. Local Transfer (RTGS) to Third Party

Acct. at other Banks (via VM Express Online) Per Transaction.
$150.00
- Outgoing

8. In-Branch Local Cash Withdrawal

- Up to $30,000 $200.00 Per transaction. 50% Discount for Premier
Club Members.
- Over $30,000 $100.00

9. Local Currency Cash Deposits of Subject to 0.375% handling charge Applicable on excess amount.
$500,000 & over

B | FOREIGN CURRENCY RELATED CHARGES

1. In-Branch Foreign Currency
FREE
Cash Withdrawal

2. Foreign Currency Cheque Per Cheque. Fee applicable to Currency

$100.00 | US$1.00 | CAN$2.00 | £1.00 Conversion.
Handling Charge

3. Foreign Returned Cheque US$63.00 | CAN$52.00 | £47.00 Per Cheque.

Per Cheque. Plus external (foreign) bank

4. Stop Payment Order US$26.00 | CAN$36.00 | £19.00 charges.

5. Foreign Currency Cheque Per cheque. 50% Discount to Premier Club

$550.00 | US$5.00 | CAN$6.00 | £4.00 Members/Senior Citizens.
Withdrawal

6. Foreign Currency Draft Per draft. 50% discount to Premier Club

$550.00 | US$5.00 | CAN$6.00 | £4.00 Members.
(Sale of Foreign Currency)

7. Foreign Currency Cash Lodgement Cash Lodgement in excess of 300 units 2.25% of total excess amount per Member,
in excess of: per week. Fee is a recoverable cost levied on
subject to 2.25% handling charge the Society.
- US$300 | CAN$300

8. Foreign Currency Cash Lodgement

FREE
in GBP (£)

9. International Wire Transfer Fees:

- Incoming US$25.00 | CAN$35.00 | £18.00 Per wire.
- Outgoing (In-Branch) US$41.00 | CAN$56.00 | £30.00 Per wire.
- Outgoing (VM Express Online) US$25.00 | CAN$30.00 | £13.00 Per wire.

Or the JMD equivalent. Fee applicable for

10. Incoming Electronic Funds Transfer
£0.50 - £20.00 incoming transfers to Member’s account(s) re
£1.00 – £5,000.00 & Over Standing Orders & Pension Payments (UK).
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This Guide contains fees for the most frequently used services of the Society. Please note that fees not listed may be obtained from our branches.

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 August 1, 2017 June 16, 2017

SAVINGS SERVICE CHARGES 2017 – 2018

C | ACCOUNT RELATED CHARGES

1. Letters to Third Parties (samedayprocessing)
- Embassies & High Commissions, Fee applicable per recipient. 50% Discount
$1,200.00 | US$10.00 | CAN$13.00 | £7.00 to Premier Club Members.
Confirmation of Balances, Reference Letters

- Withholding Tax Certificate to

Tax Administration Jamaica FREE

- Auditor’s Confirmation $2,500.00 | US$20.00 | CAN$28.00 | £15.00 Per Confirmation (i.e. per account)

2. Standing Order (within VMBS)

- Set-up/Amendment Fee | Transaction FREE
Fee | Failure Charge

3. Transfer of Funds between Own

Accounts FREE Per request.
- via ATM | VM Express Online
- In-branch $200.00 | US$2.00 | CAN$3.00 | £2.00 50% Discount to Premier Club Members.

4. Transfer to Third Party VMBS

Accounts (same currency)
- via VM Express Online FREE Per request.
- In-branch $200.00 | US$2.00 | CAN$3.00 | £2.00 50% Discount to Premier Club Members.

5. Balance Enquiry In-branch

FREE
(or via telephone request)

6. Minimum Balance Violation Fee FREE

7. Early Closure of Accounts (under 6 Fee relates to accounts closed within the first
$1,000.00 | US$9.00 | CAN$12.00 | £6.00
months) – Local and Foreign Accts six (6) months of opening.

Fee applicable when special requests are

8. Letters of Undertaking $6,100.00 | US$50.00 | CAN$69.00 | £35.00 made for Letters of Undertaking on Savings
Account(s).

9. Dormancy Fees
FREE
– Local and Foreign Currency Accounts

10. Issuance of Passbook Per book. Exception: Waived for Save2Grow

$700.00 | US$6.00 | CAN$8.00 | £4.00
– New Passbook Accounts Accounts.

– Replacement due to lost, stolen or

completed $700.00 | US$6.00 | CAN$8.00 | £4.00

11. Statement Fees Instant Statements on Savings & Time

FREE Accounts generated from online database.
(Savings & Time Accounts)

For passbook accounts. 50% Discount

12. No Passbook Transaction Charge $400.00 | US$4.00 | CAN$5.00 | £3.00 applicable to Premier Club Members.

50% Discount applicable to Premier Club

13. No Certificate Withdrawal Charge $400.00 | US$4.00 | CAN$5.00 | £3.00 Members.

14. Lost Certificate $450.00 | US$4.00 | CAN$5.00 | £3.00

Per Page. 50% Discount applicable to

15. Photocopy of Documents $200.00 | US$2.00 | CAN$3.00 | £2.00 Premier Club Members

Or the FX Equivalent. Per item.

16. Voucher Search $1,000.00 – $4,500.00 50% Discount to Premier Club Members.

This Guide contains fees for the most frequently used services of the Society. Please note that fees not listed may be obtained from our branches.

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 August 1, 2017 June 16, 2017

SAVINGS SERVICE CHARGES 2017 – 2018

D | CARD RELATED CHARGES

1. Lost Premier Club Card $450.00 | US$4.00 | CAN$5.00 | £3.00 Per Card.

Per Card. Exceptions: (i) 50% Discount

applicable to Premier Club Members. (ii) If
2. Lost/Stolen/Damaged ABM Card $600.00 | US$5.00 | CAN$6.50 | £4.00 replacement is due to forgotten PIN by
Members then a 50% Discount is applied
(old card must be presented).

3. Automated Banking Machine (ABM) FREE for all Members using VMBS ABMs
FREE
Charges (VM Machines) (proprietary ABMs).

4. ABM MultiLink Charges Non-proprietary ABM Fees (Using Other

FREE
(Using Other Bank’s Machines) Bank’s ABMs).

Non-proprietary ABM Fees (Using Other

5. ABM Point of Sale Charges FREE Bank’s Services via the MultiLink Network)

For Members wishing to investigate ABM

6. ABM Transaction – Photo Requested $1,500.00 - $5,000.00 transactions (using MultiLink)

E | DEPOSITORY RELATED CHARGES

1. Safe Deposit Box

– Rental (annual) $5,000.00 | US$42.00 | CAN$56.00 | £31.00 Annual Rental Charge per box

Fee is dependent on cost to replace lock (by

– Key Replacement (minimum charge) Contact Branch Manager locksmith) if key is lost or stolen.

For each month the Safe Deposit Box Rental

– Late Fees (per month) $400.00 | US$4.00 | CAN$5.00 | £3.00 Charge is outstanding.

F | PAYROLL SERVICES (BUSINESS)

1. Deposit to Employees’ Accounts FREE Payroll processing services.

G | SHARE LOAN PROCESSING

1. Penalty Share Loans closed before

FREE
Maturity

2. Share Loan Processing Fee $500.00 | US$5.00 | CAN$6.00 | £3.00 FREE for Premier Club Members.

H | VICTORIA MUTUAL EXPRESS ONLINE

Accounts Enquiry: Transfer between own

1. Internet Banking FREE Accounts of same Currency (within VMBS);
Standing Order (within VMBS)

2. Utility Bill Payment Services (Online) FREE

This Guide contains fees for the most frequently used services of the Society. Please note that fees not listed may be obtained from our branches.

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 August 1, 2017 June 16, 2017

MORTGAGE SERVICE CHARGES 2017 – 2018

I | MORTGAGE LETTERS TO THIRD PARTIES

1. Mortgage Status Letters to Members Plus fee for copy of title when required. 50%
$1,200.00 | US$10.00 | CAN$13.00 | £7.00
and Third Parties Discount to Premier Club Members.

2. Credit Letters

Fee for providing credit reference for

– Credit Reference Letter $2,000.00 | US$18.00 | CAN$24.00 | £13.00 Members.

Fee for obtaining credit report through Credit

– Credit Bureau Report $1,250.00 | US$10.00 | CAN$14.00 | £8.00 Bureau.

J | MORTGAGE RELATED PHOTOCOPY FEES

1. Photocopy of Mortgage Deed $3,000.00 | US$25.00 | CAN$35.00 | £19.00 Fee per Mortgage Deed.

2. Photocopy of Title $1,200.00 | US$10.00 | CAN$13.00 | £7.00 Fee per Title.

3. Photocopy of Sale Agreement $1,500.00 | US$12.00 | CAN$16.00 | £9.00 Fee per sale agreement.

K | MORTGAGE RELATED FEES

1. Mortgage Application Processing Fees:
- Residential 0.58% of Loan Amount
- Home Equity 0.58% of Loan Amount Fee non-refundable except when the loan
- Commercial 2.0% of the Loan Amount has not been approved
- Construction 1.46% of the Loan Amount

90 days notice is required for early

2. Early Closure of Mortgage / closure/payment to principal for amounts
90 days interest in lieu of notice over $500,000. If required notice is not
Lump-sum Principal Payment
provided, 90 days interest payment is levied.

3. Discharge of Mortgage Fee (in-house):

- Local (JA$)
J$0 – J$1 Million $12,000.00
$1.01 Million - $15 Million $20,000.00 All fees applicable to effect discharge of
mortgage internally are included.
$15.01 Million - $25 Million $28,000.00
Over $ 25 Million Contact the Branch Manager

- Foreign
FX equivalent of J$0 – J$1 Million US$98.00 | CAN$134.00 | £72.00

FX equivalent of $1.01 Million - $15 Million US$165.00 | CAN$229.00 | £121.00 All fees applicable to effect discharge of
FX equivalent of $15.01 Million - $25 Million US$230.00 | CAN$315.00 | £170.00 mortgage internally are included.

FX equivalent of Over $ 25 Million Contact the Branch Manager

4. Inspection Fees for Construction Loan:

- Local (JA$) $3,000.00 Per inspection where applicable.
- Foreign US$25.00 | CAN$35.00 | £19.00

5. Loan of Title Fee:

$5,100.00 When an institution requests to borrow the
- Local (JA$) title of a property for a Member
- Foreign US$42.00 | CAN$58.00 | £31.00

6. Safe-keeping of Unclaimed Titles Storage of title deeds after repayment of a

$2,000.00 | US$18.00 | CAN$24.00 | £13.00 mortgage.
(per annum)

Where a mortgage is registered and there is

7. Transfer Subject to Mortgage $10,500.00 | US$82.00 | CAN$112.00 | £64.00
a request for change of ownership.

This Guide contains fees for the most frequently used services of the Society. Please note that fees not listed may be obtained from our branches.

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 August 1, 2017 June 16, 2017

MORTGAGE SERVICE CHARGES 2017 – 2018

L | STATEMENT FEES

1. Mortgage Statement (Detailed)

- First statement (current year) FREE

- Subsequent Requests and Prior Years $1,200.00 | US$10.00 | CAN$13.00 | £7.00 FREE for Premier Club Members

2. Statement to Close
- First and subsequent requests within $1,200.00 | US$10.00 | CAN$13.00 | £7.00
6 months

M | MISCELLANEOUS

1. Requests for Sub-division of Title

- Local $5,250.00

- Foreign US$42.00 | CAN$56.00 | £31.00

This Guide contains fees for the most frequently used services of the Society. Please note that fees not listed may be obtained from our branches.