Higher Risk Clients Fees

Effective from: 22/03/2024 All prices are in GBP. UK – for UK residents. If the company, director and UBO are UK residents, we apply this fee. EU – for EU residents. If the company, director and UBO are EU residents, and none of them are outside EU and UK, we apply this fee. WORLD – for the rest of the world. If the company or director, or UBO are non-EU/ UK residents, we apply this fee. *High Value Fee – If the volume of transactions starting Monday exceeds 100 000 GBP, we charge the fee for the whole weekly amount from the first day of the week and until the end of the week. Additional compliance charge can be applied for High-Risk Transfers (HRT). HRT – category of transfers related to crypto assets, PEPs, individuals for whom negative adverse media is available, ones that triggered inquiries of our partner banks/FIs or similar, or for transactions with high risk countries/territories. The compliance fee is 1% (min GBP500 or GBP250 per hour spent by compliance department) and may be applied to HRT or when a single transaction amount or a cumulative amount multiple transactions processed within a 24-hour interval exceeded GBP10,000. 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. If we are unable to receive supporting documentation within 3 business days, we may charge late fee of 5 GBP per day starting 4th day after our request has been sent or from the next day after the date specified in the request. Account may be considered inactive if the customer has not made any transaction within previous 90 days. ** High risk countries are countries listed in current FATF grey list and the following list: . To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/hr.json. List of countries with which we do not process any transactions: . To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/prohibited.json. List of countries transactions to/from which may trigger HRT fee: . To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/hrt.json.