GTS Fee Structure

1. The base currency of Global Transaction Services is USD. All fees are calculated in USD although accounts are available in a multitude of currencies.

2. Account opening fees apply only to the first account opened for each entity and will be deducted from the primary account which is defined as the account for which initial approval was given. For compliance reasons, all clients, including Financial Institutions will receive an invoice for account opening fees. This invoice must be paid in advance from the bank account which was specified on the application form and must be paid from the Corporation's or Institution's own funds or the funds of one of the directors or shareholders. Invoices will also be issued for subsequent renewals, even though the fees will be automatically debited from the client's primary account.

3. GTS will keep incoming funds in the received currency if the client has opened an account in that specific currency. In all other cases funds will be transferred into the currency of the client’s primary account.

4. Transfers can be sent and received in any currency at exchange rates provided by our banks and payment services providers. The exchange rates, and any additional correspondent bank charges that may apply, will be charged exactly as they are applied to GTS, with the addition of the foreign exchange handling charge. To fix a rate prior to a transaction, or to get a preferential exchange rate for a significant transaction, it is essential to contact a support representative prior to making the transaction.

5. In the case of cross currency transactions, so that clients may have an idea of their available balances, accounts will be provisionally debited by the published real time exchange rate plus a charge of up to 5% until the actual exchange rate is known, whereafter the real rate will be applied together with the foreign exchange handling charge. To fix a rate prior to a transaction, or to get a preferential exchange rate for a significant transaction, it is essential to contact a support representative prior to making the transaction.

6. GTS will apply all of its fees for foreign currency transactions at the then current exchange rate rounded up to the nearest whole foreign currency unit .

7. In the case where a USD transaction takes place and no funds are available in USD, fees will be deducted in any available foreign currency at the then current exchange rate rounded up to the nearest whole foreign currency unit.

8. Volume discounts can be negotiated on all fees but are only valid if agreed in writing by GTS. In this case the standard fees will be applied on a transaction by transaction basis and an  adjustment made at the end of the appropriate period.

9. The annual renewal fees will be charged to the primary account on the anniversary of  account approval. Annual renewal will only take place if corporate compliance documentation is updated prior to renewal.

10. GTS reserves the right to modify these fees at any time but will make its best efforts to provide reasonable notice of its intention to do so. Clients should refer to the fee schedule as published on the web site prior to making any transaction.

Financial Institutions

 Corporate Accounts