AB-LEGAL-005 — Alta Bank Fee Schedule
1. Overview
This Fee Schedule lists the standard fees charged by Alta Bank for accounts, payments, merchant services, subscriptions, and related products.
If a fee is not listed in this Fee Schedule or another written Alta Bank agreement, then the fee is currently not charged.
Alta Bank may update this Fee Schedule at any time.
2. Roleplay and Virtual Economy Notice
Alta Bank is designed for use within Minecraft, Discord, roleplay communities, virtual economies, and related online environments.
Unless Alta Bank clearly states otherwise in writing:
- fees are charged in the applicable in-game, fictional, simulated, or roleplay currency;
- fees do not represent real-world banking fees;
- Alta Bank does not process real-world money;
- Alta Bank does not hold real-world deposits;
- Alta Bank services do not create real-world banking, payment, investment, or legal rights.
3. Currency
Unless otherwise stated, Alta Bank fees are charged in Newport Florins (ƒ) or the applicable currency used by the relevant Alta service.
Alta Bank may support other currencies if approved by Alta Bank or Alta Group.
4. Current Standard Fees
| Service | Fee | Notes |
|---|---|---|
| Personal Deposit Account | ƒ0 | No standard monthly fee |
| Business Banking Account | ƒ0 | No standard monthly fee |
| Standard Internal Transfer | ƒ0 | No standard transfer fee |
| Bank ↔ Terminal Funding Transfer | ƒ0 | No standard funding-transfer fee |
| Standard Deposit Request | ƒ0 | No standard deposit fee |
| Standard Withdrawal Request | ƒ0 | No standard withdrawal fee |
| Standard Alta Pay Payment | ƒ0 | No standard payment fee currently |
| Standard Merchant Invoice | ƒ0 | Included with standard merchant access |
| Standard Payment Link | ƒ0 | Included with standard merchant access |
| Alta Card Cash Advance | ƒ0 | No standard cash-advance fee; the advance increases the card balance |
| Alta Card Late Payment Fee | ƒ100 | Charged once for an eligible statement that remains unpaid after its due date |
| Alta Commercial Core | ƒ0 / month | Free business/merchant tier |
| Alta Commercial Pro | ƒ10,000 / month | Paid premium commercial tier |
5. Alta Commercial Pro
Alta Commercial Pro is the paid premium business and merchant services tier offered by Alta Bank.
Unless changed by Alta Bank, the standard Alta Commercial Pro fee is:
> ƒ10,000 per month
Alta Commercial Pro may include premium features such as:
- higher merchant limits;
- unlimited or expanded invoices;
- unlimited or expanded payment links;
- recurring invoices;
- branded invoices;
- branded payment pages;
- advanced merchant analytics;
- expanded company membership capacity;
- priority support;
- other premium commercial tools approved by Alta Bank.
Alta Bank may add, remove, limit, or modify Alta Commercial Pro features at any time.
6. Billing
Alta Commercial Pro fees may be charged monthly to the business account selected by the business.
The business is responsible for maintaining sufficient funds to pay subscription fees.
If the selected account has insufficient funds, Alta Bank may:
- retry billing;
- notify the business;
- place the subscription in a grace period;
- downgrade the business to Alta Commercial Core;
- restrict premium features;
- pause recurring invoices;
- suspend branded pages;
- collect unpaid fees from available balances where allowed by Alta Bank rules.
7. No Other Standard Fees Currently Charged
At the time of this Fee Schedule, Alta Bank does not currently charge standard fees for:
- personal account maintenance;
- business account maintenance;
- standard deposits;
- standard withdrawals;
- standard internal transfers;
- standard Bank-to-Terminal or Terminal-to-Bank funding transfers;
- standard Alta Pay payments;
- standard invoices;
- standard payment links;
- standard merchant access;
- ordinary account statements.
Alta Bank may introduce fees later by updating this Fee Schedule or publishing product-specific terms.
8. Special, Manual, or Custom Fees
Alta Bank may charge special, manual, custom, negotiated, or case-specific fees if disclosed to the customer, business, merchant, or institution before or at the time the service is provided.
These may include fees for:
- custom business services;
- custom merchant setups;
- premium support;
- manual administrative work;
- special account reviews;
- custom integrations;
- enterprise services;
- large or unusual operations;
- products not listed in this Fee Schedule.
No special fee applies unless Alta Bank clearly states it.
9. Fee Changes
Alta Bank may update this Fee Schedule at any time.
Updated fees become effective when posted, published, or otherwise made available, unless Alta Bank states a later effective date.
Material fee changes may require renewed affirmative acceptance before the affected new activity. If affirmative acceptance is not required, continued use after the stated effective date means the user, business, or merchant accepts the updated fees. A fee change does not retroactively alter a completed transaction.
10. Fee Collection
Alta Bank may collect fees by:
- deducting from an Alta Bank account;
- deducting from a business account;
- deducting from merchant payment proceeds;
- deducting from available balances;
- issuing an invoice;
- requiring manual payment;
- using another approved billing method.
Alta Bank may restrict, suspend, downgrade, or terminate services for unpaid fees.
11. Refunds of Fees
Fees are generally non-refundable unless Alta Bank decides otherwise or a specific written agreement states otherwise.
Alta Bank may issue fee refunds, credits, reversals, or adjustments at its discretion.
12. Relationship to Other Agreements
This Fee Schedule applies together with:
- Alta Bank Deposit Account Agreement;
- Alta Bank Business Banking Agreement;
- Alta Pay Terms;
- Merchant Services Agreement;
- Alta Group Terms of Service;
- any applicable product-specific agreement or disclosure.
If another agreement lists a specific fee for a specific product, that specific fee controls for that product unless Alta Bank states otherwise.
13. Approval
This Fee Schedule is adopted by Alta Bank as the standard fee schedule for Alta Bank services.