Contents
I.The service fees for management of accounts
II.Service fees for transfer of money
III.Service fees of Clearing House
IV.Service fees for issuance of an authorization to pay for grant aid from the Japanese Government
V.Service fees for checking and photocopy of historical documents
VI.Fines of contract termination
Lao People’s Democratic Republic
Peace Independence Democracy Unity Prosperity
Bank of Lao PDR No.664/BOL
Vientiane Capital, dated 02 September 2015
Decision
On Service fees of the Bank of the Lao PDR
The Governor of the Bank of the Lao PDR hereby issued a Decision:
Article 1: Collection of Service Fees of the bank of the Lao PDR is as following:
I.The service fees for management of accounts
II.Service fees for transfer of money
1.Overseas transfers
- SWIFT fees 300,000 Kip/time
- Transfer fees 0.075% of value/time
Remarks: Outbound money transfer fees minimum of 50,000 Kip and maximum of 5,000,000 Kip and there might be additional fees collected by a branch of the overseas bank.
2.Inbound money transfer from overseas 0,05% of value/time
Remarks: Inbound money transfer fees minimum of 50,000 Kip and maximum of 3,000,000 Kip and there might be additional fees collected by a branch of the overseas bank.
3.Money transfer to other provinces by Facsimile, Fax 15,000 Kip/time
4.Money transfer from an international organization to client account in Lao PDR. 30.000 Kip/time
5.Collection of money transfer fees from current account to reserved account (in cases that the commercial bank was not in charge of the money transfer)
0.1% of value of money used/time
III.Service fees of Clearing House
1.Membership fee at the central 2,000,000 Kip/year
2.Membership fee at branches 2,000,000 Kip/year
IV.Service fees for issuance of an authorization to pay for grant aid from the Japanese Government
1.lssue Authorization to Pay (A/P) for Grant Aid for Project 0.12% of AP value + 25,000 Yen.
2.Issue Blanket Disbursement Authorization (BDA) for Grant Aid for project 0.12% of AP value + 25.000 Yen.
V.Service fees for checking and photocopy of historical documents
- Less than 1 year 20,000 Kip/time/item
- More than 1-3 years (In cases can be provided) 100,000 Kip/time/item
- More than 3-5 years (In cases can be provided) 200,000 Kip/time/item
- More than 5-10 years (In cases can be provided) 300,000 Kip/time/item
VI.Fines of contract termination
- Contract of foreign exchange swaps 2% of foreign currency amount that requested to be canceled.
- Contract of foreign exchanges 2% of foreign currency amount that requested to be canceled.
Article 2 This Decision shall replace the Decision No. 711/BOL, dated 07/09/2009 and the Decision No. 86/BOL, dated 08/02/2008 and is effective from the date of signature.
The Governor of the Bank of the Lao PDR
DR. Somphao PHAYSITH
Name | Description | Status |
---|---|---|
Fees for cheque book. | The fees for cheque book is LAK 40,000/book. | Active |
Power of attorney for money transfer and request for money withdrawal. | Power of Attorney for money transfer is LAK 60,000/book. | Active |
Request letter for money withdrawal | Request letter for money withdrawal is LAK 20,000/book. | Active |
Service fees for inbound money transfer | The service fee for outbound money transfers is 0.05%/value/time. Minimum and maximum transfer fees are LAK 50,000 and LAK 3,000,000, respectively. | Active |
Service fees for money transfer for international organizations into customers in Lao PDR | The service fee applicable for money transfer for international organizations into customer accounts in Lao PDR: LAK 30,000/time | Active |
Service fees for money transfer from current account to mandatory reserve account (in case not transfer by commercial banks) | The service fee applicable for transfer from current account back to mandatory reserve account (in case it is not transferred by commercial bank) is 0.1% of money amount/time | Active |
Service fees for money transfer to the provinces using facsimile | The service fee applicable for money transfer to the provinces using facsimile is LAK 15,000/time | Active |
Service fees for outbound money transfer. | The following service fees are applicable for outbound money transfers 1. SWIFT fee: LAK 300,000/time; 2. Transfer fees: 0.075%/value/time. The minimum and maximum transfer fees are LAK 50,000 and LAK 5,000,000 respectively. | Active |
Service fees for the account management service | Issuance of deposit account statement: LAK 20,000 /time/account; | Active |
Service fees for the account management service | Printing of account statement: 1 – 15 pages: LAK 10,000/time/account; 16-30 pages: LAK 20,000/time/account; 31-50 pages: LAK 30,000/time/account; more than 51 pages: LAK 50,000/time/account. | Active |
Service fees for the review request and copy of the documents | The following service fees are applicable: Lower than 1 year: LAK 20,000/time/list; 1–3 years (if it can provide): LAK 100,000/time/list; 3-5 years (if it can provide): LAK 200,000/time/list; 5–10 years (if it can provide): LAK 300,000/time/list. | Active |