Cheque processing
Concept |
Commission |
By Post |
% |
Minimum per cheque (euros) |
|
In partial returns, commissions will be charged on the unpaid face value
(1) Postage costs will be charged
|
1. Drawn in the same town |
|
(1) |
1.1 Negotiation via interbank accounts |
0.10 |
0.60 |
(1) |
1.2 Clearance |
0.10 |
0.60 |
(1) |
1.3 Returned cheques (in all cases) |
1.00 |
3.00 |
|
|
2. Drawn on other towns |
|
(1) |
2.1 Negotiation |
0.20 |
1.50 |
(1) |
2.2 Returned cheques |
2.00 |
3.00 |
|
|
3. Issue of bankers cheque |
0.20 |
6.00 |
(1) |
|
4. Cheques in foreign currency or those in favour or against foreign credit entities
|
|
4.1 Negotiation through interbank accounts |
0.50 |
30.00 |
|
4.2 Returned cheques |
0.50 |
30.00 |
Notes
- Point 2 will include all cheques drawn on other towns, including those cases in which the payee's branch and the drawee clear through the same clearing house.
- If the endorsee to the cheque requests telephone confirmation from the drawee, an additional commission of €2.25 will be charged per document, in addition to the corresponding telephone or telex expenses.
- A commission of €6.00 will be charged per cheque for the management of disputes or equivalent declarations (Arts. 146 and 147, Bills of Exchange Act) by Notary.
- Banco Halifax Hispania cheques will be exempt from negotiation commission.
Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at www.bankofengland.co.uk or in the Financial Times or other leading newspapers.
For independent information on mortgages, visit the FSA website 'money made clear'.
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