IMPORTANT UPDATES

Financials

Foreign Exchange Rates as at February 22, 2024

Currency

Bid (XCD)

Offer (XCD)

USD($)

12.0000

12.6200

EUR

12.7800

13.7500

GBP(£)

14.9400

16.1400

Please Note: Foreign Exchange Rates applied to Card transactions may differ from the rates displayed.

Flexisave Account Rates as at February 22, 2024

Flexisave Account

Rate

Below XCD200

0.00%

XCD200.00 - XCD999.99

0.00%

XCD1,000.00 - XCD4,999.99

0.00%

XCD5,000.00 and above

0.00%

Starting Balance

0.00%

Supersave Account Deposit Rates effective February 22, 2024

Amount Account

Rate 91 Days (%p.a.)

Rate 182 Days (%p.a.)

Rate 365 Days (%p.a.)

XCD1,000 - 49,999.99

0.00%

XCD50,000 - 199,999.99

0.00%

XCD200,000 - 499,999.99

0.00%

XCD500,000 - 999,999.99

0.00%

Above XCD500,000

0.00%

Kiddysave Account Rates effective February 22, 2024

Kiddysave Account

Rate

Below XCD200

0.00%

XCD20.00-XCD99.99

0.00%

XCD100.00 - XCD999.99

0.00%

XCD1,000.00 - XCD1,999.99

0.00%

XCD2,000.00 - XCD2,999.99

0.00%

XCD3,000.00 and Above

0.00%

FlexiSave interest rates shall apply on withdrawals before 6 years.
Starting balance is XCD20
For more information, Contact Treasury on telephone numbers +233 0302 7010086, +233 0302680070

Premium Account Rates effective February 22, 2024

Premium Account

Rate

Below XCD500.00

0.00%

XCD500.00 - XCD4,999.99

0.00%

XCD5,000.00 - XCD49,999.99

0.00%

XCD50,000.00 - XCD99,999.00

0.00%

XCD100,000.00 and Above

0.00%

Current Account Rates effective February 22, 2024

Current Account

Rate

Min. XCD 100

Nil

Investplus Rates as at February 22, 2024

Period (Months)

Sell(% p.a)

Buy(% p.a)

0.00%

Minimum Investment is GH¢50.00.
For more information, contact Treasury on telephone Numbers 7010086,680070/71

Fixed Deposit Rates as at February 22, 2024

Minimum Amount

XCD5,000 – XCD49,999.99

XCD50,000 – XCD199,999.99

XCD200,000 – XCD500,000

XCD500,001 – XCD999,999

Above XCD1,000,000

Call (3 days notice)

0.00%

Negotiable

1 Month

0.00%

Negotiable

3 Months

0.00%

Negotiable

6 Months

0.00%

Negotiable

12 Months

0.00%

Negotiable

Fixed Deposit Rates as at February 22, 2024

Minimum Amount

USD ($50,000.00)

GBP (£ 50,000.00)

EURO (€ 50,000.00)

$ CFC

$ FX

£ CFC

£ FX

€ CFC

Demand

NIL

Call

0.15%

0.00%

0.20%

0.00%

0.20%

0.00%

1 Month

0.24%

0.00%

0.62%

0.00%

0.32%

0.00%

3 Months

0.45%

0.00%

0.66%

0.00%

0.31%

0.00%

6 Months

0.75%

0.00%

0.94%

0.00%

0.62%

0.00%

12 Months

1.00%

0.00%

1.00%

0.00%

1.00%

0.00%

If liquidated before maturity, the applied interest rate shall be the negotiated rate less 5% for all LCY fixed deposits. FCY fixed deposits shall be liquidated at 0.10%

The Dealing rates will be fixed on receipt of a firm order.

Rates are subject to change depending on market conditions.
For more information and finest quotations on deposit rates contact the Treasury Office on Tel. No; ++44 775 465 5987-3, +233 302680079, +233 244343710-14, +233 544331093-96, +233 263002942, +233 263003912, +233 263008178, +233 263008168, +233 263008174, +233 263017669 and +233 2680070/1

HerMes Mobile Banking

Transaction on Channel

Daily Transactional Limit

Transfers done on mobile banking (*771#)

10,000

Transfers done on HemNet

30,000

Transfers done on HerMes App

20,000

MTB wallet to HerMes Account

No limit on Platform/ MTB limits Apply

HerMesPay Wallet to HerMesPay Wallet Transfer on HerMes App

XCD500 for subscribers with no source of funding added. XCD5,000 for subscribers who have linked cards and XCD10,000 for subscribers who linked their HerMes Account.

ATM Cash Withdrawal using Visa Classic Card

15,000

ATM Cash Withdrawal using Visa Gold Card

20,000

ATM Cash Withdrawal using Visa Signature Card

60,000

ATM Cash Withdrawal using Gh-Link Card

2,000

ATM Cash Withdrawal using HerMes Prepaid Card

20,000

POS transaction using Visa Classic Card

20,000

POS transaction using Visa Gold Card

40,000

POS transaction using Visa Signature Card

60,000

POS transaction using Gh-Link Card

5,000

POS transaction using HerMes Prepaid Card

35,000

E-commerce transaction using Visa Classic Card

20,000

E-commerce transaction using Visa Gold Card

40,000

E-commerce transaction using Visa Signature Card

60,000

E-commerce transaction using Gh-Link Card

5,000

E-commerce transaction using HerMes Prepaid Card

35,000

Transactional limits for wallet to bank transfers are subject to the Telcom’s daily limits

Daily Transactional Limit on HerMesPay for Merchant Payments

Source Of Funding

Daily Limit

HerMes Account

XCD 10,000

Card

No limit on App/ Card limits Apply

Mobile Money

No limit on App/ Mobile Wallet Limits Apply

HerMesPay Wallet

XCD 500

HerMes Debit Card

Products/Services

Fees

Student Card Maintenance

Nil

Cash Withdrawal on HerMes ATM (Visa Signature)

Nil

Student Card transaction on (HerMes ATM)

Nil

Student Classic Card Issuance

XCD10

Visa Classic Card Issuance

XCD 20.00

Visa Gold Card Issuance

XCD 30.00

Visa Card Replacement

XCD 15.00

Card Maintenance Fee

XCD 5.00 Monthly

Cash withdrawal (other Local Banks’ ATM)

0.40% + XCD 1.0 per transaction

Cash withdrawal on Visa ATM’s (International)

0.40% + USD 0.45 per transaction

Visa Classic Card transacted on local ATMs

XCD2.50 + 0.60%

Visa Classic Card transacted on other local ATMs

XCD2.50% + XCD6.00

Visa Classic Card transacted on international POS

2.50%

Visa Classic Card transacted online

2.50%

Visa Gold transacted on local ATMs

XCD2.50 + 0.60%

Visa Gold Card transacted on POS devices

2.50%

Visa Gold Card transacted online

2.50%

Optional Issuer Fees (OIF)

5.50%

Student Card Transaction (Other local banks’ ATM)

XCD 0.30p.+1.50+0.40% per withdrawal

Uncollected Card after (6)months

XCD 10.00

HerMes Visa Signature Card

Products/Services

Fees

ATM withdrawal (HerMes ATM)

Nil

POS Purchase (Local)

Nil

ATM withdrawal (Local ATM)

0.65% + XCD 2.50

ATM withdrawal (International ATM)

3%+XCD 6.0

POS Purchase (International)

Optional Issuer Fees (OIF)

5.50%

Signature Card Issuance Fee

XCD60

Online Purchase

HerMes Prepaid Card

Products/Services

Fees

Card Issuance Fee

XCD 15.00

Annual Maintenance Fee

XCD 48.00

PIN Re-Issue Fee

XCD 3.00

ATM withdrawal (International ATM)

ATM withdrawal (Local ATM)

0.4% + XCD 2.50

ATM withdrawal (HerMes ATM)

XCD 1.00

POS Purchase (Local)

XCD 3.00

POS Purchase (International)

E-Commerce Purchase (Local)

XCD 3.00

E-Commerce Purchase (International)

Minimum deposit advised is XCD100.00

HerMes Online Banking

Products/Services

Fees

Bill Payment

Nil

Salary Processing to other Banks

Nil

Transfer to Momo Wallets

Nil

Inter-Account Transfer

Nil

E-Statement

Nil

E-Product Bundle - Retail

Nil

E-Product Bundle - Corporate

Nil

ACH Normal Transfer - Retail

0.50% (Min XCD 7.0; Max XCD 15.00)

Express ACH & NRT - Retail

XCD5 per transaction

Funds Transfers using Mobile Money Interoperability

Min XCD 0.75; Max XCD 15.0

Bank to Wallet - Retail

Max. XCD10

GIP - Retail

Max. XCD7

GIP Transfer - Corporate

1% of amount. (Min. XCD0.50p, Max. XCD7)

Bulk Transfer (NRT/Express ACH) - Corporate

0.5% of transfer amount (Normal & NRT - Min. XCD20, Max. XCD60. Express - Min. XCD25, Max. XCD120)

ACH Normal (Single Request for Personal Accounts)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Normal (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD20, Max. XCD 50)

ACH Normal Transfer (Bulk/External Salary Transfer)

XCD3 per item/beneficiary

ACH Express (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Express (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH Express Transfer (Bulk/External Salary Transfer)

XCD4 per item/beneficiary

ACH NRT (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH NRT (Single Request for Corporate & Business Account)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH NRT Transfer (Bulk/External Salary Transfer)

XCD5 per item/beneficiary

Internal Salary Processing - Corporate

XCD4 per customer

GIS (SWIFT) Transfer Charge

0-999K = XCD20; Above XCD1M = XCD50

HerMes Mobile Banking (*771#)

Products/Services

Fees

Transfer from Mobile Money Wallet to a HerMes Account

Nil

Bank Transfer from HerMes to another HerMes Account

Nil

Bank Transfer to other Telco (Vodafone, Airtel-Tigo, MTB) Wallet

1%; min. XCD5.00 and max. XCD15.000

Bank Transfer from HerMes to another bank (Retail)

1%; min. XCD5.00 and max. XCD15.000

GIP - Retail

Max. XCD7

GIP Transfer - Corporate

1% of amount. (Min. XCD0.50p, Max. XCD7)

Funds Transfers using Mobile Money Interoperability

Min XCD 0.75; Max XCD 15.0

ACH Normal (Single Request for Personal Accounts)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Normal (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD20, Max. XCD 50)

ACH Normal Transfer (Bulk/External Salary Transfer)

XCD3 per item/beneficiary

ACH Express (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Express (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH Express Transfer (Bulk/External Salary Transfer)

XCD4 per item/beneficiary

ACH NRT (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH NRT (Single Request for Corporate & Business Account)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH NRT Transfer (Bulk/External Salary Transfer)

XCD5 per item/beneficiary

POS

Products/Services

Fees

XCD Prepaid Card transaction on local POS terminal

XCD1.00

XCD Prepaid Card transaction on POS terminal (Online International)

USD Prepaid Card transaction on HerMes POS terminal

USD0.50

Classic Visa Card transaction on POS terminal

2.50%

Gold Visa Card transaction on POS terminal

2.50%

Visa Signature Card transaction on POS terminal

USD Prepaid Card transaction on International POS terminal

HerMes App

Products/Services

Fees

Transfer to Momo Wallets

Nil

Inter-Account Transfer

Nil

Bank to Wallet Transfer - Retail

Max. XCD10

GIP Transfer - Retail

Max. XCD7

GIP Transfer - Corporate

1% of amount. (Min. XCD0.50p, Max. XCD7)

ACH Normal (Single Request for Personal Accounts)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Normal (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD20, Max. XCD 50)

ACH Normal Transfer (Bulk/External Salary Transfer)

XCD3 per item/beneficiary

ACH Express (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH Express (Single Request for Corporate & Business Accounts)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH Express Transfer (Bulk/External Salary Transfer)

XCD4 per item/beneficiary

ACH NRT (Single Request for Personal Account)

0.50% of transfer amount. Personal Accounts - Min. XCD7, Max. XCD15).

ACH NRT (Single Request for Corporate & Business Account)

0.50% of transfer amount. (Min. XCD25, Max. XCD 100)

ACH NRT Transfer (Bulk/External Salary Transfer)

XCD5 per item/beneficiary

Internal Salary Processing

XCD4 per customer

Bulk Transfer (NRT/Express ACH)

0.5% of transfer amount (Normal & NRT - Min. XCD20, Max. XCD60. Express - Min. XCD25, Max. XCD120)

GIS (SWIFT) Transfer Charge

0-999K = XCD20; Above XCD1M = XCD50

Current Rates

Foreign Exchange Rates as at February 22, 2024

Currency

Bid (XCD)

Offer (XCD)

USD($)

12.0000

12.6200

EUR

12.7800

13.7500

GBP(£)

14.9400

16.1400

Please Note: Foreign Exchange Rates applied to Card transactions may differ from the rates displayed.

Flexisave Account Rates as at February 22, 2024

Flexisave Account

Rate

Below XCD200

0.00%

XCD200.00 - XCD999.99

0.00%

XCD1,000.00 - XCD4,999.99

0.00%

XCD5,000.00 and above

0.00%

Starting Balance

0.00%

Supersave Account Deposit Rates effective February 22, 2024

Amount Account

Rate 91 Days (%p.a.)

Rate 182 Days (%p.a.)

Rate 365 Days (%p.a.)

XCD1,000 - 49,999.99

0.00%

XCD50,000 - 199,999.99

0.00%

XCD200,000 - 499,999.99

0.00%

XCD500,000 - 999,999.99

0.00%

Above XCD500,000

0.00%

Kiddysave Account Rates effective February 22, 2024

Kiddysave Account

Rate

Below XCD200

0.00%

XCD20.00-XCD99.99

0.00%

XCD100.00 - XCD999.99

0.00%

XCD1,000.00 - XCD1,999.99

0.00%

XCD2,000.00 - XCD2,999.99

0.00%

XCD3,000.00 and Above

0.00%

FlexiSave interest rates shall apply on withdrawals before 6 years.
Starting balance is XCD20
For more information, Contact Treasury on telephone numbers +233 0302 7010086, +233 0302680070

Premium Account Rates effective February 22, 2024

Premium Account

Rate

Below XCD500.00

0.00%

XCD500.00 - XCD4,999.99

0.00%

XCD5,000.00 - XCD49,999.99

0.00%

XCD50,000.00 - XCD99,999.00

0.00%

XCD100,000.00 and Above

0.00%

Current Account Rates effective February 22, 2024

Current Account

Rate

Min. XCD 100

Nil

Investplus Rates as at February 22, 2024

Period (Months)

Sell(% p.a)

Buy(% p.a)

0.00%

Minimum Investment is GH¢50.00.
For more information, contact Treasury on telephone Numbers 7010086,680070/71

Fixed Deposit Rates as at February 22, 2024

Minimum Amount

XCD5,000 – XCD49,999.99

XCD50,000 – XCD199,999.99

XCD200,000 – XCD500,000

XCD500,001 – XCD999,999

Above XCD1,000,000

Call (3 days notice)

0.00%

Negotiable

1 Month

0.00%

Negotiable

3 Months

0.00%

Negotiable

6 Months

0.00%

Negotiable

12 Months

0.00%

Negotiable

Fixed Deposit Rates as at February 22, 2024

Minimum Amount

USD ($50,000.00)

GBP (£ 50,000.00)

EURO (€ 50,000.00)

$ CFC

$ FX

£ CFC

£ FX

€ CFC

Demand

NIL

Call

0.15%

0.00%

0.20%

0.00%

0.20%

0.00%

1 Month

0.24%

0.00%

0.62%

0.00%

0.32%

0.00%

3 Months

0.45%

0.00%

0.66%

0.00%

0.31%

0.00%

6 Months

0.75%

0.00%

0.94%

0.00%

0.62%

0.00%

12 Months

1.00%

0.00%

1.00%

0.00%

1.00%

0.00%

If liquidated before maturity, the applied interest rate shall be the negotiated rate less 5% for all LCY fixed deposits. FCY fixed deposits shall be liquidated at 0.10%

The Dealing rates will be fixed on receipt of a firm order.

Rates are subject to change depending on market conditions.
For more information and finest quotations on deposit rates contact the Treasury Office on Tel. No; +44 775 465 5987/1

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