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Legal Document
Title: Decision On Service fees of the Bank of the Lao PDR No. 664/BOL, dated 02 September 2015
Type: Decision
Responsible Agency: Bank of the Lao PDR
Issuing Date: 2015-09-02
Click here to see the measures contained in this document


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V.Service fees for checking and photocopy of historical documents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

VII.Price of documents


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

 

  • Pursuant to Article 11 of the Regulation on the Management of Foreign Currencies Businesses of the Bank of the Lao PDR No.03/BOL, dated 28 December 2000;
  • Pursuant to Actual Expenditure of the Bank of the Lao PDR for Supplying Various Services.

 

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

  1. Issuance of certificate of deposits                       20,000 Kip/time/account
  2. Account statement printing fees
    • 1-15 pieces of paper                           10,000 Kip/time/month/account
    • 16-30 pieces of paper                         20,000 Kip/time/month/account
    • 31-50 pieces of paper                         30,000 Kip/time/month/account
    • More than 51 pieces of paper             50,000 Kip/time/month/account

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.

VII.Price of documents

  1. Cheque book (1 Book has 20 pages)                  40,000 Kip/Book
  2. Power of attorney for money transfer                 60,000 Kip/Book
  3. Withdrawal slips                                                 20,000 Kip/Book

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



Download English:Decision On Service fees of the Bank of the Lao PDR No. 664/BOL, dated 02 September 2015

Download Lao:Decision On Service fees of the Bank of the Lao PDR No. 664/BOL, dated 02 September 2015


List Measures Related to Legal Documents
NameDescriptionStatus
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 withdrawalRequest letter for money withdrawal is LAK 20,000/book.Active
Service fees for inbound money transferThe 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 PDRThe service fee applicable for money transfer for international organizations into customer accounts in Lao PDR: LAK 30,000/timeActive
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/timeActive
Service fees for money transfer to the provinces using facsimileThe service fee applicable for money transfer to the provinces using facsimile is LAK 15,000/timeActive
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 serviceIssuance of deposit account statement: LAK 20,000 /time/account;Active
Service fees for the account management servicePrinting 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 documentsThe 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