Standard Price List – Business Banking

Account opening
requirements

For more details on Personal/Business accounts for the Chinese residents and companies click here.

Companies and Sole Traders within the EEA and UK (conventional industries)

Companies and Sole Traders outside the EEA and UK and/or from high-risk industries

ACCOUNT OPENING & MAINTENANCE FEES

Application processing fee (paid on submitting the application)

50.00 €

200.00 €

Account activation (Each independent Multi-Currency account)

5 €/per account

10 €/per account

Multi-factor authentication (Google authenticator)

Free of charge

Free of charge

Monthly Multi-currency account maintenance (per account)

5.00 €

5.00 €

Account closure

Free of charge

Free of charge

Initial deposit capital

Not required

Not required

MONEY TRANSFER & PAYMENT FEES

Between PanPay Accounts

Free of charge

Free of charge

INCOMING

SEPA (European Economic Area countries)

1.00 €

0.1%, Min. fee 15 €

FPS - within the UK

1.00 €

0.1%, Min. fee 15 €

CHAPS - within the UK

1.00 €

0.1%, Min. fee 15 €

ACH/Fedwire - within the USA

1.00 €

0.1%, Min. fee 15 €

Wire Transfer (SWIFT)

5.00 €

0.2%, Min. fee 30 €

Compliance-intensive payment from High-Risk areas/industries or Third-party accounts

Additional 0.1%, Min. fee 15 €

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OUTGOING

(European Economic Area countries)

2.00 €

0.1%, Min. fee 30 €

SWIFT Excluding sanctioned countries

15.00 €

0.1%, Min. fee30 €

China Link ** same day

1% Min. fee 30 €

1% Min. fee 30 €

SWIFT + Local Payments

Additional 30 €

Additional 30 €

CURRENCY EXCHANGE

Currency exchange (Non cash)

Mid-market exchange rates, rate provided
during exchange transaction

Mid-market exchange rates, rate provided
during exchange transaction

ADDITIONAL FEES

Account confirmation letter/Payment/Foreign Exchange/
Deposit statement (Scanned document) with PanPay seal and signature

50.00 €

50.00 €

Electronic bank statement

Free of charge

Free of charge

Fee for fundamental change of the company information /Re-registration fee

50.00 €

50.00 €

Unreported funds from high-risk areas return fee

50.00 €

50.00 €

Returned payment fee due to remitting/receiving party (wrong methods of payment, incorrect payment data, cancellation, investigation of the payment)

30.00 €+intermediate bank fee

30.00 €+intermediate bank fee

Sender party RECALL/FRAUD transaction

30.00 €

30.00 €

Correspondent bank international transfer completion notification / provisioning a copy of the notification (SWIFT copy)

30.00 €+intermediate bank fee

30.00 €+intermediate bank fee

Payment Correction/cancellation fee after the instruction has already been sent

50.00 €

50.00 €

Fee of the Information System of Cash-Flow Restrictions
(PLAIS)

1.02 €+ 0.98 € (PanPay compulsory
write-off fee)

1.02 €+ 0.98 € (PanPay compulsory
write-off fee)

Balance fee (applied if average monthly account balance is
over EUR 50 000 (or equivalent))

0.5% annual interest rate

0.5% annual interest rate