Business Accounts
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 | USD 1,000 |
| Annual Account Maintenance Charges | USD 500 per annum |
| Account opening deposit* | 250,000 |
| If closing balance on any day in a month is equal to or over $ 1,000 | Nil |
| If closing balance on any day in a month is less than $ 1,000 | Nil |
| Quarterly Average Balance to be maintained | USD 10,000 |
| Charges for non-maintenance | USD 200 per quarter |
| Transaction Charges | |
| Manual ACH Transfer from Branch | USD 2 per transaction |
| Business Remittance Charges (Wire) | |
| Charges for Inward Remittance | 1. Domestic wires: 0.075% of the remittance value Min USD 25, Max USD 100 2. Crossborder wires: 0.075% of the remittance value Min USD 50, Max USD 250 |
| Charges for Outward Remittance in USD | 1. Domestic wires: 0.075% of the remittance value Min USD 25, Max USD 100 2. Crossborder wires: 0.075% of the remittance value Min USD 50, Max USD 250 |
| Check Handling and Collection | |
| Check Deposits - Domestic | USD 15 |
| Non USA check collection (US Dollars or foreign currency check payable outside USA) | USD 75 |
| Stop Payments | USD 20 |
| Returned items (including mail advice to payee) | USD 25.00 incl. E-Mail advice |
| Returned items (for international items) | USD 100.00 incl. E-Mail advice |
| Monthly paper statements | USD 50 |
| Duplicate paper statement | USD 25 |
| Check book Issuance for Checking account | USD 50 for 1st Check book USD 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, subsequent or additional check books and deposit tickets set would be charged as mentioned above for a check book 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.
