Fees and Commissions Standard Schedule

PAYMIQ FINANCIAL GROUP LTD

Effective date May 9, 2023

This document presents the amount of fees and charges Paymiq charges your account for the Services provided to you and is a part of the Agreement. Any topics not included in this Fees and Commission Schedule shall be governed by other documents agreed between you and us, being a part of the Agreement. Paymiq reserve the rights to reject your instruction in the event there are no sufficient funds on your account.

The current version of this document is published on our website. We may change this Fees and Commission schedule from time to time, however if the change is to be made we will inform you before the change is made on our website.

Fees and Commission Schedule
Accounts in EUR
 IndividualsBusiness standard
Account opening fee *free of chargeEUR 300
Account service fee
(payable monthly)
free of chargeEUR 100
Account balance fee
(calculated from the end of day
account balance; payable monthly)
0.1%0.5%
Transfers
SEPA Incoming0.3% of transfer’s amount;
min EUR 2.50, max EUR 35
0.5% of transfer’s amount;
min EUR 5, max EUR 150
SEPA Outgoing0.3% of transfer’s amount;
min EUR 2.50, max EUR 35
0.5% of transfer’s amount;
min EUR 5, max EUR 150
Between own accountsfree of chargefree of charge
Between Paymiq Clients0.25% of transfer’s amount;
min EUR 2.50, max EUR 35
0.5% of transfer’s amount;
min EUR 5, max EUR 150
Other Services
Account closing feeEUR 100EUR 200
Closed account monthly
maintenance fee if balance
is positive
EUR 220EUR 750
Fee for urgent account
opening
(paid additionally to standard
account opening fee)
n/aEUR 1 500
Discretionary Compliance
Account Opening Fee**
EUR 150EUR 1 000
Non standard documents
preparation
EUR 120EUR 120
Assessment fee ***EUR 100EUR 500
Fee for unscheduled due
diligence of an
outgoing/incoming transfer
(paid additionally to standard
transfer fee)
1% of transaction amount
min. EUR 100 max. EUR 250
1,5% of transaction amount
min. EUR 150 max. EUR 1 500
Investigation feeEUR 15 + third party feesEUR 25 + third party fees
Fees and Commission Schedule
Accounts in GBP
 IndividualsBusiness standard
Account opening fee *free of chargeGBP 300
Account service fee
(payable monthly)
free of chargeGBP 100
Account balance fee
(calculated from the end of day
account balance; payable monthly)
free of chargefree of charge
Transfers
FPS Incoming0.4% of transfer’s amount;
min GBP 2.50, max GBP 35
0.5% of transfer’s amount;
min GBP 5, max GBP 175
FPS Outgoing0.4% of transfer’s amount;
min GBP 2.50, max GBP 35
0.5% of transfer’s amount;
min GBP 5, max GBP 175
CHAPS Incoming0.3% of transfer’s amount;
min GBP 40, max GBP 75
0.5% of transfer’s amount;
min GBP 40, max GBP 250
Chaps Outgoing0.3% of transfer’s amount;
min GBP 40, max GBP 75
0.5% of transfer’s amount;
min GBP 40, max GBP 250
Between own accountsfree of chargefree of charge
Between Paymiq Clients0.25% of transfer’s amount;
min GBP 2.50, max GBP 35
0.5% of transfer’s amount;
min GBP 5, max GBP 150
Other Services
Account closing feeGBP 100GBP 200
Closed account monthly
maintenance fee if balance
is positive
GBP 220GBP 750
Fee for urgent account
opening
(paid additionally to standard
account opening fee)
n/aGBP 1 500
Discretionary Compliance
Account Opening Fee**
GBP 150GBP 1 000
Non standard documents
preparation
GBP 120GBP 120
Assessment fee ***GBP 100GBP 500
Fee for unscheduled due
diligence of an
outgoing/incoming transfer
(paid additionally to standard
transfer fee)
1% of transaction amount
min. GBP 100 max. GBP 250
1,5% of transaction amount
min. GBP 150 mx. GBP 1 500
Investigation feeGBP 15 + third party feesGBP 25 + third party fees

* deducted from the first amount of an incoming transfer
** additional fee imposed for additional compliance evaluation
*** additional fee in the event of requests from correspondent banks, beneficiary banks and other intermediaries involved in the execution of the payment

Contact

info@paymiq.com

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PAYMIQ FINANCIAL GROUP LTD is a company registered in Canada, registered number: BC1306026, registered address: DataTech Business Centre, 1095 McKenzie Ave Suite 300, Victoria, British Columbia, V8P 2L5, Canada. Email info@paymiq.com PAYMIQ FINANCIAL GROUP LTD is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (Reg. No. M21430455). 

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