Goh Betoch Bank

Bank of the Generation!                      SWIFT CODE: GOBTETAA

Terms & Tariffs

Terms & Tariffs

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  • Terms & Tariffs

1. Retail Banking Operations

1.1 Deposit Interest Rates

Type of Deposit

≤ 2 Year

> 2 ≤ 5 Years

>5 ≤ 10 Years

> 10 Years
Regular Saving Deposit7%NANANA

Fixed Time Deposit

NegotiableNegotiableNegotiableNegotiable
Commitment Saving for Mortgage Loan in Birr-Minors/students7%8%8.50%9%
Commitment Saving for Mortgage Loan in Birr-Adults 7%7.50%8.00%8.50%
Commitment Saving for Mortgage Loan in FCY-Students 7%8%8.50%9%
Commitment Saving for Mortgage Loan in FCY-Adults 7%7.50%8.00%8.50%
Demand Deposit (LCY)

NA

NA

NA

NA

Demand Deposit (FCY)

NA

NA

NA

NA

1.2 Account to Account Transfer

Particular

Tariff

Commission and Service ChargesFree

1. 3 CPO

Particular

Tariff

Remark

Issuance/ Cancellation/ Amendment/Loss and Refunding - For account holders

Birr 50.00

Per number of transaction


Issuance/ Cancellation/ Amendment/ Loss and Refunding -

For non-account holders

Birr 100.00

Per number of transaction


Loss and Replacement - For account holders

Birr 100.00


Per number of transaction

Loss and Replacement - For non-account holders

Birr 150.00

Per number of transaction

1.4. Account Opening Pass Book

Particular

Tariff

Remark
Issuance of pass-Book for depository AccountsFreeRegular and commitment saving accounts
Replacement on full utilization of pass book for Depository Accounts.FreeRegular and commitment saving accounts
Lost/ Damage of pass book for depository accounts.Birr 75.00Regular and commitment saving accounts

1. 5 Closure of Account

Particular

Tariff

Remark
Closure of inactive accounts (applicable for current account only)Birr 50.00
Closure of account by the will of the customer (for both saving and current accounts)Birr 50.00If the account operated less than or equal to one year.

1. 6 Standing Order

Particular

Tariff

Within the Bank


For the first order Birr 50.00 and subsequent orders if any Birr 25.00 per transaction.

To other Banks

For the first order Birr 100.00 and subsequent orders if any Birr 75.00 plus charges of NBE per transaction

1. 7 Authentication of Documents

Tariff

Remark

Birr 100 plus any charge paid for the authority.

Per document

Birr 50

Per document

1. 8 Check Book Issuance

Particular

Tariff

Remark
25 leavesBirr 100.00On each pad
50 leavesBirr 200.00On each pad
100 leavesBirr 300.00On each pad

1. 9 Bank to Bank Transfer

Particular

Tariff

Incoming cheque (RTGS)Free
Outgoing Cheque (RTGS)Birr 25.00 for A/C holders & Birr 50 for non-Acct. holders plus NBE charge if any.
Incoming cheque (Special cheque clearance)Birr 50 Per CK plus any additional charges to be paid to NBE, if any.
cheque sent for clearance but returned unpaid for the second timeBirr 25 Per CK per return
Signature change Birr 20.00

2. International Banking Operations

2.1 Opening Import Letter of Credit

Particular

From Birr Account

From Foreign Currency Account

Rule for application of period & Value

Opening Commission

4.5 %, minimum equivalent of USD 200 per quarter

2.5%, minimum USD 150

For one period of Letter of Credit (Three Months or 90 days)

Service Charge Foreign

5.5 %, minimum of equivalent of USD 200 per quarter

2.5% Minimum USD 150

For one period of Letter of Credit (Three Months or 90 days)

Confirmation Commission

2.5%, minimum of equivalent of USD 200 per quarter.

2% per quarter & minimum of USD 150

For one period of Letter of Credit (Three Months or 90 days)

Exchange Payable

2.5% (up on settlement)

Free


SWIFT

Equivalent of USD 25.00

USD 20.00


2.2 Amendment (Extension) of Letter of Credit

Particular

From Birr AccountFrom Foreign Currency AccountRule for application of period & Value
Extension of LC - before expiry date4%, minimum equivalent of USD 200.00 per quarter2%, minimum USD 150.00 per quarter
Extension of LC - after expiry date4.5 %, minimum equivalent of USD 200.00 per quarter2.5%, minimum USD 150.00 per quarter
Extension within the period of LC2.5%, minimum equivalent USD 200.00 per quarter2%, minimum USD 150.00per quarter
SWIFTEquivalent of USD 25.00USD 20.00
Amendment commissionEquivalent of USD 50USD 40.00

2.3 Change in the Value of Letter of Credit

Particular

From Birr AccountFrom Foreign Currency Account
Exchange Payable 2.5% for incremental amount (up on settlement)Free
Service Charge Foreign10%, minimum USD 200.00 per quarter5%, minimum USD 150.00 per quarter
Confirmation Commission 2.5%, minimum USD 200.00 per quarter2%, minimum USD 150 per quarter
Reduced LC valueSWIFT & Amendment charges as per the term and tariff should be collectedSWIFT & Amendment charges as per the term and tariff should be collected

2.4 Excess Drawing up on Receipt of Shipping Documents

Particular

From Birr Account

From Foreign Currency Account

Exchange Payable

2.5% for excess amount

Free

Service Charge Foreign

10 % minimum USD 200.00 per quarter

5 % minimum USD 150.00 per quarter

Partial Shipment Charge


Free for the first shipment and 1%, minimum USD 100.00 of commercial invoice value for the second partial;

1.5% minimum USD 150.00 of commercial invoice value for 3rd partial;

2.0% minimum USD 200.00 of commercial invoice value for 4th partial; 3% minimum USD 250.00 of commercial invoice value for 5th & above

Free for the first shipment and 0.75%, minimum USD 75.00 of commercial invoice value for the second partial; 1.25% minimum USD 125.00 of commercial invoice value for 3rd partial;

1.75.0% minimum USD 175.00 of commercial invoice value for 4th partial;

2.75% minimum USD 200.00 of commercial invoice value for 5th & above

Shipment after expiry of LC

10% minimum of equivalent USD 250.00

8% minimum of equivalent USD 200.00

Documents arrived after expiry date of LC

4% minimum equivalent of USD 250.00

3.5% minimum USD 200.00

Custody Charge

Equivalent of USD 125.00 per month

USD 100.00 per month

Discrepancy Charge

Equivalent of USD 100.00 per month

USD 75.00 per month

Cancellation of LC

Equivalent of USD 100.00

USD 75.00

correspondent bank charge

per debit advice of correspondent Bank

per debit advice of correspondent Bank

2.5 Export (Advising) Letter of Credit

Particular

Tariff

Export Letter of Credit (L/C) Advising Fee to other banksBirr 1,000 (for advice through other bank)
Amendment Export LC Advised to other banksBirr 1,000 (for advice through other bank)
Courier ChargePer Courier charge

2.6 Documentary Collection

Particular

From Birr AccountFrom Foreign Currency AccountRule for application of period & Value
Purchase order approval commission10%, minimum equivalent of USD 200for every quarter5%, minimum of USD 150 for every quarterApplicable on approved purchased order proforma value

2.7 Amendment of Purchase Order

Particular

From Birr AccountFrom Foreign Currency Account
Purchase order amendment ChargeEquivalent of USD 50.00USD 40.00
Purchase order extension - before expiry8.5%, minimum of equivalent of USD 150.00 for outstanding amount5%, minimum of equivalent of USD 100.00 for outstanding amount
Purchase order extension - after expiry9%, minimum of equivalent of USD 150.00 on the outstanding amount.5.5%, minimum of equivalent of USD 100.00 on the outstanding amount.
Partial Shipment ChargeFree for the first and 1%, minimum USD 100.00 of commercial invoice value for the second partial; 1.5%, minimum USD 150.00 of commercial invoice value for 3rd partial ; 2.0%, minimum USD 200.00 of commercial invoice value for 4th partial; 3% , minimum USD 250.00 of commercial invoice value for 5th & aboveFree for the first shipment and 0.75%, minimum USD 75.00 of commercial invoice value for the second partial; 1.25%, minimum USD 125.00 of commercial invoice value for 3rd partial; 1.75.0%, minimum USD 175.00 of commercial invoice value for 4th partial; 2.75% , minimum USD 200.00 of commercial invoice value for 5th & above.
Shipment after expiry of PO10%, minimum of equivalent USD 250.008%, minimum of equivalent USD 200.00
Handling charge of documents arrived after expiry date of PO4.5%, minimum of equivalent USD 150.003.5%, minimum of equivalent USD 100.00

2.8 Inward Bills for Collection

Particular

From Birr AccountFrom Foreign Currency Account
Service Charge3.5%, minimum of USD 150.00 per quarter 2.5%, minimum of USD 125.00 per quarter
Exchange Payable 2.5% for LCY accountFree
SWIFTEquivalent of USD 25.00USD 20.00
Custody ChargeEquivalent of USD 125 per monthUSD 100 per month
Excess drawing (on invoice excess amount)10 %, minimum USD 200 per quarter5 %, USD 150 per quarter
Issuance of shipping guarantee 1%of document value, minimum equivalent of USD 100.000.75% of document value, minimum USD 80.00

2.9 Inward IBC Against Suppliers Credit

Particular

From Birr AccountFrom Foreign Currency Account
Service Charge 9.5% minimum equivalent USD 250.006% , Minimum USD 200.00
Extension of Purchase order8% minimum equivalent USD 250.006% , Minimum USD 200.00

2.10 Unpaid Items Returned

Particular

From Birr AccountFrom Foreign Currency Account
Service chargeequivalent of USD 100.00USD 75
SWIFTequivalent USD 25.00USD 20.00
Courier chargeper claim of Courier Agentper claim of Courier Agent

2.11 Import Freight Payment

Particular

From Birr AccountFrom Foreign Currency Account

Service charge for sea

freight

10% minimum equivalent of USD 250

6%, minimum USD 200

NBE exchange payable

(FREIGHT)

2.5% in LCY account

Free

Service charge for

inland freight(birr)

2%, minimum equivalent of USD 10

1.5%, minimum equivalent of USD 5

2.12 Outgoing Transfer

Particular

From Birr AccountFrom Foreign Currency Account
Service charge

10%, minimum equivalent of USD 250

6%, minimum equivalent of USD 200

Exchange

commission to NBE

2.5%

Free

SWIFT

Equivalent USD 25.00

USD 20.00

Amendment on

transfer

Equivalent of USD 50

USD 40.00

2.13 Retransfer of Incoming Transfer

Particular

From Birr AccountFrom Foreign Currency AccountRule for application of period & Value

Service charge

Free for transfer <USD 100.00 or equivalent; 1.5% from 200.00 to USD 10,000.00 2% above USD 10,000.00 or equivalent

Free for transfer <USD 100.00 or equivalent; 1.5% from 200.00 to USD 10,000.00 2% above USD 10,000.00 or equivalent

Applicable on retransfer above USD 100.00

SWIFT

equivalent of USD 25.00

USD 20.00

2.14 FCY Cash Notes Sales

Particular

From Birr AccountFrom Foreign Currency Account
Service Charge

10% for customers

0.5%

3. Credit Operations

3.1 Service Charge on Loans & Advances

No.

Particular

Rate and Application

1

Construction Project Execution Follow-up Fee

0.5% of each disbursement

2

Loan Origination fee-for new credit request including additional finance and guarantee

0.25% of the approved loan/Minimum Br. 5,000.00

3

Loan Follow-up fee

0.025% each month’s outstanding balance

4

Estimation Fee

0.05% of the estimated value/Minimum Br.5000

5

Commitment fee for early settlement -For Business, Mortgage & other Consumer Loans & Advances (if settled while the remaining loan period is 75% or more of the approved period.

4% of the outstanding principal balance

6

 Commitment fee for early settlement -For Business ,Mortgage,& other Consumer Loans & Advances (if settled while the remaining loan period is less than 75% but more than 50% of the approved period

3% of the outstanding principal balance

7

 Commitment fee for early settlement -For Business, Mortgage, & other Consumer Loans & Advances (if settled while the remaining loan period is less than 75% but more than 25% of the approved period

2% of the outstanding principal balance

8

Credit information

Birr 1,500, individual, if the request is less or equal to Birr 1,000,000.00

8.1

Credit information

Birr 2,500,individual,if the request is above Birr 1,000,000.00

9

Renegotiation such as rescheduling, extension, conversion, waiver, amalgamation, amendment…

0.25% of the outstanding loan, Minimum Br. 5,000.00

10

Re-approval, After 3 months

5,000 Birr

11

Renewal of credit facility

0.025% of the facility limit to be approved, minimum Br. 2,500.00

12

Collateral release or replacement before settlement

5,000 Birr, Collateral

13

Loan file transfer to other branch

Birr 2,500

14

loan statement fee/if it is more than once

50, page

15

Default loan interest rate ( for all NPLs)

plus 3%

16

Appeal on credit decision and/or estimation report

3,000 Birr, appeal

17

Merchandise Pledge/Release

2,000 Birr, Every time when held

18

Letter related to Loan (credit) information

500 Birr, letter

19

Audit Confirmation Fee

500 Birr

20

Movable Collateral Registration fee

Birr 200 per registration

3.2. Commercial Loans & Advances (Term Loans)

Interest Rate & Duration 

Type of loan facilityCollateral offered1st year2-5 yearsAbove 5 years
Working capital term loan Against building, share certificate and bank guarantee18%19%NA

Working capital term loan

Against vehicle and machinery19%20%NA

Working capital term loan

100% against cash and cash substitute collateral15%15%NA

Working capital term loan

On clean bases & Personal guarantee20%21%NA
Project Term Loan other than ConstructionAgainst building, share certificate and bank guarantee18%19%20%

Project Term Loan other than Construction

Against vehicle and machinery19%20%20.50%

Project Term Loan other than Construction

100% against cash and cash substitute collateral15%15%15%
Building and construction term loan (Commercial/ Real-estate, Real estate developers)Against building, share certificate and bank guarantee19%19%20%

Building and construction term loan (Commercial/ Real-estate, Real estate developers)

100% against cash and cash substitute collateral15%15%15%
Term Loan for Purchase of Vehicle and MachineriesAgainst building, share certificate and bank guarantee19%19%20%

Term Loan for Purchase of Vehicle and Machineries

against vehicle and machinery20%20%21%

Term Loan for Purchase of Vehicle and Machineries

100% against cash and cash substitute collateral15%15%15%
Export term loanAgainst building, share certificate and bank guarantee15%16%NA

Export term loan

against vehicle and machinery16%17%NA

Export term loan

100% against cash and cash substitute collateral12%12%NA

Export term loan

On clean bases & Personal guarantee18%18%NA

3.3. Revolving Credit Facility

                                                                    Interest Rate/Collateral

Loan type CreditCleanAgainst acceptable collateral not less than 75% coverageCollateral/Remark
Overdraft - Export19%15%
Overdraft - Non export21%19%
Temporary OD21%19%
Overdrawal21%19%
Regular OD against Cash15% (if deposited in saving account)8% (if deposited in Current account)
Revolving Export Credit13.50% All LC Document
Pre-shipment - Coffee export14% against LC/ sales contract
Pre-shipment - coffee export 13.50%Against fully secured building or other collateral
Pre-shipment - non coffee export14.50% Against LC/ sales contract or CAD
Pre-shipment - non coffee export 14%
Merchandise 19%Against the pledge of non -export items
Merchandise 18%Against the pledge of export items
Merchandise 21%Against Goods in transit
Merchandise 19%Against warehouse receipt issued by ECX or other legally authorized Operators
Advance Against Export Bills 13.50%
Advance against import bills 20%
Import letter of Credit Settlement Loan-Short Term 20%

3.4. Commission on Letter of Guarantee

Commission rate based on the type of guarantees

No.Collateral TypeCollateral coverageBid Bondsuppliers guaranteeAdvance PaymentLiquidation Damage/Performance Bond, Retention, Customs, Steamers, & other guarantees
1Cash & Cash Substitutes>=100%0.25%0.25%0.25%0.25%


>75%<100%0.50%1.25%1.00%0.75%


≥ 40% ≤ 75%

0.75%1.50%1.25%1.00%
2Building>=100%0.75%1.40%1.15%1.00%


>75%<100%1.00%1.60%1.35%1.25%


≥ 40% ≤ 75%

1.25%2.00%1.75%1.50%
3Machinery & Vehicles>=100%1.00%1.75%1.50%1.25%


>75%<100%1.25%2.00%1.75%1.50%


>40% ≤ 75%

1.50%2.25%2.00%1.75%
4Clean/Personal Guarantee<40%1.75%2.50%2.25%2%

3.5. Mortgage & Consumer Loans Interest Rates (Loan period up to 10 years)

Currency of Equity Contribution & Repayment/Interest Rate

Loan amount to be grantedBoth in FCYEquity in FCYRepayment in FCYBoth in Birr
≥ 50% of the house value10.25%14%13.75%15.25%
<50% of the house value9.75%13.25%14%15%

3.6. Mortgage & Consumer Loans Interest Rates (Loan period 10 -30 Years)

Currency of Equity Contribution & Repayment/Interest Rate

Loan amount to be grantedBoth in FCYEquity in FCYRepayment in FCYBoth in Birr
≥ 50% of the house value10.75%14.25%14%15.75%
<50% of the house value10.25%14%14.50%15.50%

4. Other Charges

Particular

Tariff (in Birr)

Remark

Photocopy of documents

5.00/page

Balance confirmation

200.00

Per letter

Extra statement issuance – within a year

5.00

Per page

Duplicate advice – within a year

10.00

Per page

Extra duplicate advice – above one year

30.00

Per page

Photocopy charge

5.00

Per page

Stop payment order

100.00

Per order

Investigation charge – within a year as per

customer request

15.00

Per page but not applicable for court and police order

Investigation charge – above a year

25.00

Per page but not applicable for court and police order