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» Banking Services
TRANSFER OF FUNDS
Ø
Local Transfers – with our wide area network,
transfer is effected to any
of our
branches free of charge for all account holders.
Non-account holders would have to pay transfer charges ranging from
.25% to
.5%
Ø
Foreign Transfers – normally done by SWIFT. Charges
range from .75% to
1%
depending on volume.
ISSUE
OF DRAFTS
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Local Drafts – These are issued in Leones for local
transactions.
Charges range
from a minimum of Le15,000 to .5%
Ø
Foreign Drafts – These are issued in respect of
current foreign
transactions. Charges range from a minimum of $10 to 2% of amount
of
draft
SALE/PURCHASE OF
TRAVELLERS CHEQUES
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This service
is mainly for travellers in and out of Sierra Leone. Travellers
cheques
are purchased/sold at the prevailing rate of exchange
BONDS/GUARANTEES/INDEMNITIES
Ø
These products are available to standing customers
and can be
provided on application and sight of contract documents
SAFE CUSTODY
Ø
Parcels and boxes are accepted for safe custody for
customers on
condition that customers agree to our charges which range from
Le20,000 per annum to Le100,000 per annum.
The bank also
offers other services like:
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Effecting Standing Orders
§
Providing Certificates of Balance
§
Providing bankers’ opinion to other banks
§
Clearing both local and foreign
cheques
on behalf of customers
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