Notice of Changes for Business Account Service Charges (Effective May 1, 2025)
Dear Valued Customers,
Effective May 1, 2025, our bank will change related business account service charges as shown below:
| Services | Current Fee | New Fee |
|---|---|---|
| CAD Business Current Account monthly maintenance fee | $10.00 | $10.00 - waived with minimum daily closing balance of $30,000 |
| Each over-counter cash withdrawal, cheques issued, transfers between accounts, or EFT debit transaction for Business Current Account (CAD& USD): | $0.85 | $1.00 |
| Each deposit transaction at our bank for Business Current Account (CAD& USD): | $0.85 | $1.00 |
| Outward remittance non-online:per transaction -Wire transfer |
0.125% of remittance amount (min.$19.00 and max.$150.00) PLUS cable charge $11.00 flat for all wire transfer |
0.125% of remittance amount (min.$21.00 and max.$150.00) PLUS cable charge $11.00 flat for all wire transfer |
| Inward remittance fee | Per payment charge from BOC group:$10.00 Per payment charge from other Banks:$15.00 |
Per payment charge from BOC group:$12.00 Per payment charge from other Banks:$17.00 |
- Notes:
CAD accounts are charged in Canadian dollars and USD accounts are charged in U.S. dollars.
If you have any questions, please call our toll-free customer service hotline at 1-844-669-5566 or visit your home branch. Thank you again for your continuous support.
Bank of China (Canada)
February 28, 2025
