Global Collections Account

Can my bank charge me for the EDF?

It can charge, but the charge must be reasonable and in proportion to the service. Ask for the amount before you submit.

Every bank must have a written export policy that lists documents, timelines and charges for each process, and must publish it and the main features of its procedures on its website. If you disagree with a decision, your bank must give you a grievance route and an appeal to a higher internal level.

Other questions in Regulatory and Compliance