Standard Pricing List – Personal Banking

Account opening
requirements

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

EEA-Residents

Non EEA-Residents

ACCOUNT OPENING & MAINTENANCE FEES

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 €

10.00 €

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 €

2.00 €

FPS - within the UK

1.00 €

2.00 €

CHAPS - within the UK

1.00 €

2.00 €

ACH/Fedwire - within the USA

1.00 €

1.00 €

Wire Transfer (SWIFT)

1.00 €

1.00 €

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

Additional 0.1%, Min. fee 15.00 €

Additional 0.1%, Min. fee 15.00 €

Comment: If additional compliance occurred for individual/high risk industry/high risk countries, please register in the online banking -“Transaction Reporting system” in advance, and the incoming fee is min: 30 € to 0.1%*transaction amount.

OUTGOING

(European Economic Area countries)

1.00 €

2.00 €

SWIFT Exclude sanctioned countries

15.00 €

0.1%, Min. fee30 €

China Link payment** 1 day

1% Min. fee 30 €

1% Min. fee 30 €

SWIFT + Local Payments (outgoing) with Priority review of the application

Addtional 30 €

Addtional 30 €

Comment: If additional compliance occurred for individual/high risk industry/high risk countries, please register in the online banking -“Transaction Reporting system” in advance, and the incoming fee is min: 30 € to 0.1%*transaction amount.

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

1.00 €

2.00 €

Electronic bank statement

Free of charge

Free of charge

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)

0.5% annual interest rate

0.5% annual interest rate