The Account Balance Fee is calculated daily based on the balance at the end of each day, using the annual fee rate. For accounts with fluctuating balances, the fee is calculated separately for each day's ending balance. The daily fees are then accumulated over the month and charged on the 1st day of the following month.


If the EUR equivalent of your total account balance across all currencies exceeds 100 000 EUR, then an annual balance fee of 1% per annum is applied.


Otherwise, the annual balance fee is 0.75%


Example 1:


Scenario for below 100 000 EUR balance with fluctuation for November:


1st November balance: 1000 EUR

2nd November balance: 800 EUR

3rd November balance: 700 EUR

The daily balance for the remaining 27 days of November does not change and is 500 EUR every day


  • Fee for November 1st (1000 EUR):

    • Calculation: 1000×(0.0075/365)
    • Result: 0.0205 EUR

  • Fee for November 2nd (800 EUR):

    • Calculation: 800×(0.0075/365)
    • Result: 0.0164 EUR

  • Fee for November 3rd (700 EUR):

    • Calculation: 700×(0.0075/365) 
    • Result: 0.0144 EUR

  • Fee for remaining 27 days (500 EUR each day):

    • Calculation: 500×(0.0075/365)×27
    • Result: 0.2774 EUR

  • Total November Fee:

    • Summing all the fees: 0.0205+0.0164+0.0144+0.27740
    • Result: 0.3288 EUR


Example 2:


Consistent Balance for above 100 000 EUR account for November:


If you have a consistent balance of 100 000 EUR in your account throughout the month, the fee for a month with 30 days is calculated as:


100000×(0.01/365)×30 = 82.19178 EUR


Note: The commission for the annual balance fee is indeed calculated daily, accounting for the total amount of funds in your account at the end of each day. These calculations are then aggregated for the month and the fee is charged on the first day of the subsequent month.


If you need further assistance or have additional questions regarding the Account Balance Fee or any other inquiries, please do not hesitate to contact us. We're here to help.