On 19 January 2017, DNB bank changed the account maintenance fee to business customers (except financial institutions) whether or not the account is linked to a payment card.
Currently, financial institutions, including without limitation, banks, credit unions and other credit institutions, insurance companies and insurance brokers, financial brokerage companies, investment companies, collective investment undertakings, including without limitation, pension funds are charged an additional account maintenance fee, which is calculated at the end of each day by multiplying the account balance by coefficient K if the account balance at the end of a calendar day is higher than EUR 1,000,000. Coefficient K is equal to the absolute value of (EONIA-0.10%)/360 (i.e. the module) where EONIA is lower than 0.10%. The last quoted EONIA rate is applied by the Bank on the calculation day. The fee is debited from the account on the last calendar day of each month.
From 19 January, other legal entities are charged an additional account maintenance fee, which is calculated at the end of each day by multiplying the account balance by coefficient K if the account balance is higher than EUR 10,000,000 at the end of a calendar day. Coefficient K is equal to the absolute value of (EONIA-0.10%)/360 (i.e. the module) where EONIA is lower than 0.10%. The last quoted EONIA rate is applied by the Bank on the calculation day. The fee is debited from the account on the last calendar day of each month. No additional account maintenance fee is charged in case EONIA is higher than 0.10 %.
