Business Account Charges and Fees Schedule
Notice of future changes in our service charges will be available on our website. Unless otherwise stated, all fees and charges are in US Dollars
Account Maintenance Charges
| Particulars | Revised Charges |
|---|---|
| Account opening charges | $1,000 |
| Annual Account Maintenance Charges | $500 per year |
| Account opening deposit* | $250,000 |
| If the closing balance on any day in a month is equal to or over $1,000 | Nil |
| If the closing balance on any day in a month is less than $1,000 | Nil |
| Quarterly Average Balance to be maintained | $10,000 |
| Charges for non-maintenance | $200 per quarter |
| Transaction Charges | |
| Manual ACH Transfer from Branch | $2 per transaction |
| Business Remittance Charges (Wire) | |
| Charges for Inward Remittance | 1. Domestic wires: 0.075% of the remittance value Min $25, Max $100 2. Cross-border wires: 0.075% of the remittance value Min $50, Max $250 |
| Charges for Outward Remittance in USD | 1. Domestic wires: 0.075% of the remittance value Min $25, Max $100 2. Cross-border wires: 0.075% of the remittance value Min $50, Max $250 |
| Check Handling and Collection | |
| Check Deposits - Domestic | $15 |
| Non-USA check collection (US Dollars or foreign currency check payable outside USA) | $75 |
| Stop Payments | $20 |
| Returned items (including mail advice to payee) | $25.00 incl. EMail advice |
| Returned items (for international items) | $100.00 incl. EMail advice |
| Monthly paper statements | $50 |
| Duplicate paper statement | $25 |
| Check book Issuance for Checking account | $50 for 1st Check book $150 for each subsequent Check books |
*Account opening amount less than $250,000.00 may be accepted if the business entity falls under / is covered by any exclusion/exemption under (12.C.F.R 28.16), Conditions apply. All charges are exclusive of any state and federal taxes (if applicable) and service is to be charged as per the applicable tax laws in various states of United States of America. Please contact us at 1-866-424-2448 or usaccountmanager@icicibank.com for further details
Check-book Issuance
Check book Issuance for Checking account: The first check book (3 to a page) of 252 leaves would be included in the checking account opening docket, if opted in the account opening form, after payment of charges as per SOC above. Subsequent or additional check books would be provided upon request and after charges payment as per SOC above. Subsequent or additional check book would be of 252 leaves.
Trade Business Remittances and Bill Collection Charges
For information about the trade services offered at ICICI Bank New York Branch, please send your query to nybtrade@icicibank.com.