OVERVIEW OF TARIFFS AND CHARGES applicable in Industrial and Commercial Bank of China Brussels Branch

(Applicable as of 16/07/2012)

  1. The Current account:
  2. Administrative charges[1]:

Opening / Free
Closure / Free
Annual fees / Free

1.2.Value date:

Deposit / By Cash / Execution day + 1 bank working day
By Transfer / Execution day
Withdrawal / The preceding bank working day prior to the withdrawal
  1. The time deposit account
  2. Administrative charges[2]:

Opening / Free
Closure / Free
Annual fees / Free

2.2.Value date:

Deposit / Small-value time deposit:
The bank working day when the funds are made timed deposit
Big-value time deposit:
Agreed bank working day by both the bank and the customer
Withdrawal / The preceding bank working day prior to the withdrawal
  1. Interest rates

THE CURRENT ACCOUNT(Individual)
Type / Base tariff[3]
EUR / 0.1%
US DOLLAR
(by incoming/outgoing transfer ONLY)
100,000.00USD / No interest accrued
≥100,000.00USD / 0.1%
CHINESE YUAN, CNY
(by exchange from/to USD or EUR ONLY)
<500,000.00 CNY / No interest accrued
≥500,000.00 CNY / 0.5%
THE CURRENT ACCOUNT(Corporation)
Type / Base tariff
EUR / ECB deposit facility-0.2%
US DOLLAR / No interest accrued
THE TIME DEPOSIT ACCOUNT(Individual)
Type / Base tariff per period
EUR
（Minimum 1,000euros） / 3M / 6M / 1Y
<100,000.00 euros / 0.75% / 1% / 1.3%
100,000.00euros(incl.)~
500,000.00euros(excl.) / 1% / 1.25% / 1.5%
≥500,000.00euros / 1.25% / 1.5% / 1.75%
US DOLLAR
(minimum:10,000 USD, by incoming/outgoing transfer ONLY) / 3M / 6M / 1Y
<100,000.00 USD / 0.1% / 0.2% / 0.3%
100,000.00 USD(incl.)~
500,000.00 USD(excl.) / 0.15% / 0.25% / 0.35%
≥500,000.00 USD(incl.) / 0.2% / 0.3% / 0.5%
CHINESE YUAN, CNY
(by exchange from/to USD or EUR ONLY) / 3M / 6M / 1Y
50,000.00 CNY (incl.)~
500,000.00 CNY (excl.)
Minimum 50,000 CNY / 1% / 1.2% / 1.4%
≥500,000.00 CNY(incl.) / 1.5% / 1.6 / 1.8%
THE TIME DEPOSIT ACCOUNT(Corporation)
Type / Base tariff per period
EURO / 7Days / 1M / 3M / 6M
1M Euribor*80% / 1M Euribor*90% / 3M Euribor*90% / 6M Euribor*95%
US DOLLAR / 7Days / 1M / 3M / 6M
No interest accrued / 1M Libor / 3M Libor / 6M Libor
  1. Transfer tariffs
  2. Outgoing transfers

Transaction types / Fees
Transfers in euros to accounts in
Belgium / Free of charge
European Credit Transfers (SEPA) in euros (to accounts within Europe but outside of Belgium) / 50,000 (incl.): Free of charge;
≥50,000: EUR10/transfer.
Please note: For payments within Belgium and Europe it is necessary to include both the beneficiary’s IBAN（International Banking Account Number) and receiving bank’s SWIFT BIC, otherwise an additional EUR25 shall be charged.
Transfers to mainland China（in Euros or US dollars）
Transfers to ICBC accounts in mainland China
Transfers to other bank accounts in mainland China
RMB Pre-Settlement Remittance / Commission: 0.1% of the amount, with minimum EUR10 (or sum equivalent to EUR10), and maximum EUR120（or sum equivalent to EUR120).No additional telecom charges collected.
Commission: 0.1% of the amount，with a minimum of EUR10 （or sum equivalent to EUR10), maximum EUR120（or sum equivalent to EUR120).TelecomFee: EUR15/transfer (or sum equivalent to EUR15).
Commission: 0.1% of the amount, with minimum EUR10 (or sum equivalent to EUR10).
Telecom Fee: EUR15/transfer (or sum equivalent to EUR15).
Transfers to other countries or regions（in euros or US dollars), as well as transfers in US dollars within Belgium or Europe
With a “SHA” instruction:
With an “OUR” instruction:
With a “BEN” instruction: / Commission: 0.121% of the amount, with minimum EUR9（or sum equivalent to EUR9） and maximum EUR120（or sum equivalent to EUR120).
Commission: 0.121% of the amount, with minimum EUR9（or sum equivalent to EUR9） and maximum EUR120（or sum equivalent to EUR120).
Processing fee: EUR25/transfer（or sum equivalent to EUR25).
No charges for the remitter. ICBC directly deducts the commission and processing fee from the amount transferred.
Other possible charges
Amendment Fee: / EUR15/transfer (or sum equivalent to EUR15).
Rejection Fee: / EUR 10/transfer (or sum equivalent to EUR10).

4.2.Incoming transfers

Transaction types / Fees
Transfers in euros from accounts in Belgium
Or European Credit Transfers (SEPA) in euros (from accounts within Europe but outside of Belgium) / Free of charge
Transfers from mainland China / With a “SHA” instruction, EUR10/transfer (or sum equivalent to EUR10);
with an “OUR” instruction, no charges for the beneficiary;
If the remitter is an ICBC customer, and the beneficiary holds an account with ICBC Brussels Branch, both a “SHA” or “OUR” are free of charge to the beneficiary.
Other incoming transfers / With a “SHA” instruction, a 0.121% commission is applied to the amount remitted, with a minimum of EUR9（or sum equivalent to EUR9） and a maximum of EUR120（or sum equivalent to EUR120).
With an “OUR” instruction, there are no charges to beneficiary.
Industrial and Commercial Bank of China Brussels Branch is a Branch of Industrial and Commercial Bank of China(Europe) S.A.
Registered Office: Avenue Louise 81, 1050 Brussels, Belgium,
VAT: BE830.597.835 Swift code: ICBKBEBB
Tel: +32 2 539 88 88 Fax: +32 2 539 88 70 Email:

[1]and 2If any administrativechargesare chargeable,the bank will notify customers by information disclosure on the website:

[3]Growth premium , fidelity premium and other premiums (with indication of premiums who can not be cumulated)are Not Applicable.