Business Banking
Other Sites
Worldwide
View all countries >
Support

Maybank

Expand Menu
View the Standard Fees and Charges for Trade Finance.
IMPORTS
Letter of Credit (LC) Opening  
Commission 1/8 of 1% per month or fraction thereof, minimum of 2 months or PHP1,000 (whichever is higher)
Cable Fee PHP1,000
Documentary Stamp Tax (DST) PHP0.30 for every PHP200
Photocopy (fixed) PHP30

 

LC Amendment  
Extension of expiry date (LC Outstanding Balance) 1/8 of 1% per month or fraction thereof or minimum of PHP500 (whichever is higher)
Increase in LC Amount 1/8 of 1% per month or fraction thereof or minimum of PHP1,000 (whichever is higher)
Other amendments (flat rate) PHP500
Cable Fee PHP600
Documentary Stamp Tax (for increase in LC Amount) PHP0.30 for every PHP200

 

Standby LC Opening  
Commission (Opening) 1/4 of 1% for the first 60 days, 1/8 of 1% per month thereafter or a fraction thereof or a minimum of PHP1,000 whichever is higher

Commitment Fee

 1/4 of 1% per month or a minimum of PHP500 whichever is higher
Documentary Stamp Tax PHP0.30 for every PHP200
Cable Fee PHP1,000
Cancellation Fee PHP500
Amendments
Extension of Validity 1/8 of 1% per month or a fraction thereof or a minimum of PHP500 whichever is higher

Increase in Amount

 1/4 of 1% for the first 60 days of the remaining validity period and 1/8 of 1% per month thereafter or a fraction thereof or a minimum of PHP500, whichever is higher

 

LC Negotiation - Import Transaction  
Negotiation Commission 1/4 of 1% or minimum of PHP500
Commission in Lieu of Exchange (CILEX)
(Self-funded transaction only) in US Dollar		 1/4 of 1% of amount LC negotiated or minimum of PHP500
Cable Fee on pay-out instructions PHP600
Foreign bank charges (actual FX charge)
Discrepancy Fee (for beneficiary's account) UD50 or its equivalent in 3rd currency
Handling Fees (documents sent on collection to MPI for payment to Negotiating Bank via MT202) USD60 or its equivalent in 3rd currency (documents sent on collection for payment)
Commitment Fee - Usance LC (LC Tenor) 1/4 of 1% of LC Negotiation (based on LC Tenor)
Documentary Stamp Tax Php20 for the first Php5,000 and Php10 for succeeding Php5,000*

(*Total amount subtracted from DST charged upon LC opening)

 

Cancellation of Valid Import LC
Commission PHP200 + actual charges of correspondent bank
Cable Fee PHP600

 

Non-LC Bills (OA/DP/DA/DR/AP Arrangement)
With Foreign Currency Sale  
Handling Commission (flat rate) PHP500
Upon Liquidation 1/8 of 1% of Paid Documents on Collection minimum of PHP600
Cable Fee PHP600
Self-Funded  
Upon Booking (flat rate) PHP500
Upon Liquidation 1/8 of 1% of Paid Documents on Collection minimum of PHP600
Cable Fee PHP600
Commission in Lieu of Exchange (CILEX) - For US Dollar payment only 1/4 of 1% of amount negotiated

 

Shipside Bond Guaranty Issuance (SSB)
Issuance (flat rate) PHP500
Cancellation (flat rate) PHP100
Documentary Stamp Tax (fixed) PHP37.50

 

Airway Bill Endorsement
Commission (flat rate) PHP100

 

Domestic Letter of Credit
Commission (Opening)  
For the first 2 months 1/8 of 1% per month or fraction thereof minimum 2 months or PHP1,000
Beyond 2 months 1/8 of 1% per month thereafter
Documentary Stamp Tax PHP0.30 for every PHP200
Photocopy (minimum) PHP30
Amendment of Domestic LC  
Increase in amount or extension of validity 1/8 of 1% per month minimum PHP500
Other amendments PHP500
Documentary Stamp Tax (for the increase in amount) PHP0.30 for every PHP200
LC Negotiation - Domestic Transaction 1/4 of 1% or minimum of PHP500
Commitment Fee - Usance LC (LC Tenor) 1/4 of 1% of LC Negotiation (based on LC Tenor)
EXPORTS
LC Advising
Commission on Original LC Issued  
Clients (applies to documents negotiated with MPI) PHP500
Non-Clients PHP1,000
Commission on Amendments  
Clients PHP250
Non-Clients PHP500

 

LC Confirmation
Commission 1/8 of 1% for each 3 month period or fraction thereof minimum of PHP1,000

 

LC Cancellation
Clients PHP250
Non-Clients PHP500
Cable Fee (if requested) PHP300

 

LC Transfers
First USD50,000 1/4 of 1% of LC amount, minimum PHP500
Above USD50,000 1/8 of 1% of LC amount, minimum PHP500

 

LC and Non-LC Bills Negotiated / Purchased
Bills for Collection  
Commission 1/4 of 1% minimum of PHP500
Postage PHP300 minimum
Documentary Stamp Tax PHP0.30 for every PHP200
Cable Fee PHP300 minimum
Correspondent Bank Charges USD50
Photocopy PHP30 minimum
Note:Postage, cable & photocopy charges shall be collected upon receipt of documents. Commission, Documentary Stamp Tax, and correspondent bank charges shall be collected upon receipt of export proceeds.  
Bills Purchased  
Commission 1/4 of 1% of EBP
Postage (flat rate) PHP300
Commission in lieu of Exchange (CILEX) - For US Dollar Payment only 1/4 of 1% Export Proceeds
Photocopy (fixed) PHP300
Documentary Stamp Tax PHP0.30 for every PHP200
Assignment of Export Proceeds (flat rate) PHP500
Note: The Bank has the option to waive advising fees if the Bank granted the credit facility against assignment of proceeds of the LC. PHP30

 

Prepaid Shipments
Foreign Currency surrendered to MPI  
PHP50,000 and below (face amount) 1/4 of 1%
Above PHP50,000 1/8 of 1%
Foreign Currency surrendered thru other banks 1/4 of 1% of invoice value or minimum of PHP300
OTHER IMPORT & EXPORT TRANSACTION FEES

Prepaid Shipments

PHP150 per Certification

Bank Authentication

PHP100

Transfer Fee
First USD50,000 1/4 of 1% minimum PHP500
Above USD50,000 1/8 of 1% minimum PHP500

 

Electronic Customs Duties
Processing Fee PHP500 per application
One-time Enrolment Fee PHP100
 
  • A proud member of: BancNet
  • Maybank Philippines Inc., is regulated by the Bangko Sentral ng Pilipinas (BSP). For inquiries or complaints, you may contact Maybank Customer Service hotline at (02) 8588 3888 or our toll-free number 1800 10 588 3888. Alternatively, you may also send an email to mpi.customerservice@maybank.com. You may also contact BSP at (02) 8708 7087 or consumeraffairs@bsp.gov.ph.

Close
Note

You are about to be redirected away from this site.

ProceedCancel