Important information about risks, fees, and terms associated with banking services at Myllers Finance Bank. Please read these disclosures carefully before opening an account or using our services.
Understanding the risks of banking and investment services
All investments involve risk, including the possible loss of principal. The value of your investments and the income derived from them may go down as well as up. Past performance is not indicative of future results.
The risk that the value of your investments will decrease due to movements in market factors including interest rates, foreign exchange rates, equity prices, or commodity prices. Market volatility can result in substantial losses in short periods.
The risk that a borrower or counterparty may fail to meet their obligations, resulting in financial loss. This applies to bonds, loans, and derivative instruments where counterparty performance is required.
The risk that you may not be able to buy or sell investments quickly enough to prevent or minimize a loss. Some investments may have limited liquidity, making it difficult to exit positions at desired prices.
When you hold assets in foreign currencies or invest in foreign markets, exchange rate fluctuations can affect the value of your investments when converted back to your base currency. This risk can be significant for international portfolios.
The risk of loss resulting from inadequate or failed internal processes, people, systems, or external events. While we maintain robust systems and controls, no system is completely immune to operational failures.
We encourage all clients to diversify their portfolios, understand their risk tolerance, and seek professional financial advice when appropriate. Our relationship managers are available to discuss risk management strategies suitable for your circumstances.
Transparent pricing for all banking services
The following fees apply to our banking services. Fees are subject to change with 60 days' advance notice. All fees are exclusive of applicable taxes unless otherwise stated.
| Account Type | Monthly Fee | Minimum Balance (Fee Waiver) |
|---|---|---|
| Personal Account | $15 | $10,000 |
| Premium Account | $50 | $100,000 |
| Private Banking | Waived | $500,000 |
| Corporate Account | $100 | $50,000 |
| Service | Fee | Notes |
|---|---|---|
| Domestic Wire Transfer | Free | Unlimited for all account types |
| International Wire Transfer | $30-50 | Varies by destination country |
| SEPA Transfer | €5 | To EU/EEA countries |
| Express Wire Transfer | +$25 | Additional fee for priority processing |
| ATM Withdrawal (In-Network) | Free | Unlimited withdrawals |
| ATM Withdrawal (Out-of-Network) | $3.50 | Per transaction + operator fees |
| Foreign Exchange Conversion | 0.5-1.5% | Spread from mid-market rate |
| Service | Fee | Notes |
|---|---|---|
| Card Annual Fee | $0-350 | Varies by card tier |
| Card Replacement | $25 | Standard delivery |
| Express Card Delivery | $75 | 2-3 business days |
| Foreign Transaction Fee | 0% | No fees on foreign purchases |
| Cash Advance | 5% or $10 | Whichever is greater |
| Service | Fee |
|---|---|
| Overdraft Fee | $35 per transaction |
| Returned Payment Fee | $30 |
| Stop Payment Fee | $25 |
| Paper Statement Fee | $5 per month |
| Account Closure (within 90 days) | $50 |
| Investment Management Fee | 0.75-1.5% annually |
For a complete and detailed fee schedule, please request our Fee Disclosure Document from your relationship manager or download it from our website. Fees may vary based on account type, transaction volume, and negotiated terms.
How your deposits are protected
Your deposits with Myllers Finance Bank are protected through various deposit insurance schemes, depending on the jurisdiction where your account is held.
Coverage: £85,000 per person
Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS). Coverage applies per person, per institution.
Coverage: $500,000 per customer
Securities accounts are protected by SIPC insurance, including up to $250,000 for cash claims.
Coverage: CHF 100,000 per client
Deposits with our Swiss entity are protected by esisuisse, the Swiss deposit insurance system.
Coverage: €100,000 per depositor
EU member state deposit guarantee schemes protect eligible deposits up to €100,000 per depositor per bank.
Current rates and annual percentage yields
Interest rates are variable and subject to change at any time. The Annual Percentage Yield (APY) assumes interest remains on deposit for a full year. Early withdrawal from fixed-term deposits may result in penalties.
| Account Type | Balance Tier | Interest Rate | APY |
|---|---|---|---|
| Savings Account | $0 - $9,999 | 0.50% | 0.50% |
| $10,000 - $99,999 | 1.25% | 1.26% | |
| $100,000+ | 2.00% | 2.02% | |
| Premium Savings | All balances | 2.50% | 2.53% |
| 3-Month Fixed Deposit | $10,000 minimum | 3.00% | 3.04% |
| 6-Month Fixed Deposit | $10,000 minimum | 3.50% | 3.56% |
| 12-Month Fixed Deposit | $10,000 minimum | 4.00% | 4.08% |
| 24-Month Fixed Deposit | $10,000 minimum | 4.25% | 4.34% |
Interest is calculated daily and credited monthly to your account. For fixed-term deposits, interest may be paid at maturity or periodically as specified in your deposit agreement.
Early Withdrawal Penalty: Withdrawing from fixed-term deposits before maturity results in forfeiture of 90 days of interest or all accrued interest, whichever is less.
Rates are accurate as of January 26, 2026, and are subject to change without notice. Minimum balance requirements apply. Fees may reduce earnings.
Key terms governing your account
This is a summary only. For complete terms and conditions, please review our Terms of Service, which governs all aspects of your relationship with Myllers Finance Bank.
Important legal disclosures
Myllers Finance Bank is regulated by multiple financial authorities:
We are committed to preventing money laundering and terrorist financing. All clients are subject to:
Myllers Finance Bank complies with international tax reporting requirements:
Your personal data is protected under applicable data protection laws:
This disclosure document is for informational purposes only and does not constitute legal, tax, or financial advice. Myllers Finance Bank is not a law firm or tax advisory service. We recommend consulting with qualified professionals regarding your specific circumstances. Information provided is accurate as of the date stated but is subject to change.
If you have questions about any of these disclosures or need clarification on fees, terms, or risks, please contact us. Our team is available to provide detailed explanations and guidance.