PRICING TERMS AND CONDITIONS
Your account and deposit relationship with Arival Bank are governed by this Pricing Terms and Conditions (Addendum A) and the Online Banking Agreement. PLEASE READ BOTH AGREEMENTS CAREFULLY AS THESE AGREEMENTS ARE PART OF THE BINDING CONTRACT BETWEEN YOU AND US FOR YOUR ACCOUNT AND DEPOSIT RELATIONSHIP.
Please note that Arival Bank may change the fees described herein at any time, but any change will be communicated to you with at least thirty (30) days notice.
Furthermore, we reserve the right to apply a different pricing schedule to your account, agreed upon on a case by case basis. Notwithstanding the foregoing, we commit to stay transparent with the fees charged prior to entering into a banking relationship with you.
Account Fees
Application Fee
The Application Fee is a one-time non-refundable fee due immediately before business account application submission. The Application Fee will be collected via Stripe using the payment method available in your country.
Onboarding Fee
The Onboarding Fee is a one-time fee due immediately upon business account application approval.
Unless paid upfront, the Onboarding Fee is due within the first thirty (30) days after you were approved and accepted the Online Banking Agreement. The Onboarding Fee is automatically deducted from your account as long as the balance is sufficient to cover the fee. In the event we are unable to process the payment due to insufficient funds on your account, you will be notified by email. You will have thirty (30) days to pay the fee, or it might lead to account closure.
Business clients applying for one of the Premium accounts (“Silver”, “Gold”, or “Platinum”) are eligible for the Onboarding refund in the form of credits. The Onboarding Fee equivalent will be granted in the form of credits to your business account after 6 months of activity, since the date you accepted the Online Banking Agreement, provided you stay on either of the three Premium plans. The credits can be spent towards paying for:
Monthly Subscription Fee
Monthly Subscription Fee is applicable to the clients on the Standard pricing plan only. If not otherwise specified, Monthly Subscription Fee payments will be due on the first (1st) day of every month and will be automatically deducted from your account. In the event we are unable to process the payment due to insufficient funds on your account, you will be notified by email. You will have ninety (90) days to fund your account, or it might lead to account closure.
If your account is on the Standard pricing plan, you are eligible for a monthly fee waiver if either of the following conditions are met:
In such a case, you will not be charged a monthly subscription fee on the 1st calendar day of the following month.
In the event where your Premium account average balance is below the required average balance as dictated by the Premium plan, your plan will be downgraded to the plan consistent with your average balance on the 1st calendar day of the following month. The monthly fee will be charged once, on the same day when your plan has been downgraded, in accordance with the plan to which your account has been downgraded to.
Initial Deposit Requirement
The initial minimum deposit (either as a one time deposit or in multiple tranches), as dictated by the Premium account pricing schedule, is due on the 30th calendar day after you accepted this Pricing Terms and Conditions and must be maintained throughout the thirty (30) day period upon qualifying deposit. In the event you are unable to fund and/or maintain the balance of your account within the thirty (30) day period, your pricing schedule will be automatically changed to Standard Pricing schedule, and the relevant fees will apply.
Minimum Average Balance Requirement
As dictated by the Premium account pricing schedule, you must maintain a Minimum Average Monthly Balance Requirement on your account to keep it activated. We calculate the one (1) month average daily balance to determine your eligibility for Arival Premium Account.
In the event the 1 month average daily balance is below the Minimum Average Balance Requirement, your account will be downgraded to the pricing plan that is consistent with the actual balance on your account, on the 1st calendar day of the following month. The fees may apply as dictated by the pricing plan your account is downgraded to. In such an event, you will be notified twice:
In the event when the one (1) month average daily balance is above the Minimum Average Balance Requirement as dictated by the Premium account pricing schedule, and you are eligible to upgrade the account either to a Premium account, or to a higher tier of the Premium account, your account will be upgraded to the pricing plan that is consistent with the actual balance on your account automatically. In such an event, you will be notified via email.
Free transactions eligibility:
If not specified otherwise, the clients on “Gold” and “Platinum” Premium plans are eligible for ten (10) and twenty (20) free transactions per month, respectively. Free transactions include:
Eligibility for Arival Premium
To become a Premium Arival Client you will need to meet the following requirements:
You can satisfy the combined balance requirement for enrollment with either:
Eligible accounts:
Not Eligible accounts:
Calculation of the 1 month average daily combined balance
The one (1) month average daily combined balance is calculated based on a period of 1 calendar month. We use this number to determine your eligibility for our Premium pricing tiers. You are able to view the 1 month average daily combined balance directly in your Arival dashboard.
We calculate the 1 month average daily combined balance using the formula shown below.
Formula for new clients:
Combined Average Daily Balance = Sum of the closing balance for all days in a
month in all the eligible accounts (Day 1 + Day 2 + Day 3 +...... + Day 30) divided
by the Number of Days in a month (30)
- On the 1st of the month we would do the following:
- One-months total (Combined Average Daily Balance for the last three months)
- ÷ One-month period
- = One-month combined average daily balance/ one month
- Conditions:
- The first month in which you meet the eligibility criteria (described above) would be calculated on a Pro rata basis.
Formula for existing clients:
Combined Average Daily Balance = Sum of closing balance for all days in a
month in all the eligible accounts (Day 1 + Day 2 + Day 3 +...... + Day 30) Divided
by Number of Days in a month (30)
- On the 1st of the month we would do the following:
- One-months total (Combined Average Daily Balance for the last three months)
- ÷ One-month period
- = One-month combined average daily balance/ three months
New Pricing and Fee Schedule
| Pricing Plan | Standard: Low Complexity | Standard: High Complexity | Silver | Gold | Platinum |
| Required average balance | $0 | $0 | $100,000 | $350,000 | $1,000,000 |
| Application Fee | $100
A $100 non-refundable fee is charged upfront. |
$250
A $250 non-refundable fee is charged upfront. |
$100
A $100 non-refundable fee is charged upfront. |
$100
A $100 non-refundable fee is charged upfront. |
$100
A $100 non-refundable fee is charged upfront. |
| Onboarding fee | $150
Onboarding fee of $150 is charged upon application approval. |
$2,250
Onboarding fee of $2,250 is charged upon application approval. |
$400
Onboarding fee of $400 is charged upon application approval. $400 credits granted after 6 months of activity. |
$250
Onboarding fee of $250 is charged upon application approval. $250 credits granted after 6 months of activity. |
$150
Onboarding fee of $150 is charged upon application approval. $150 credits granted after 6 months of activity. |
| Monthly service fee | $100 | $100 | $0
$150 is charged as a one-time fee if the balance is below required. |
$0
$200 is charged as a one-time fee if the balance is below required. |
$0
$250 is charged as a one-time fee if the balance is below required. |
| Requirements to waive monthly fee | Min 15 wires per month
Or: $40,000 average balance |
Min 15 wires per month
Or: $40,000 average balance |
- | - | - |
| Bank Letter | $100 | $100 | $100 | $0 | $0 |
| Free transactions per month | 0 | 0 | 0 | 10 | 20 |
| Inbound domestic wires | $25
Above $75,000: $35 |
$25
Above $75,000: $35 |
$20 | $20 | $20 |
| Outbound domestic wires | $30
Above $75,000: $40 |
$30
Above $75,000: $40 |
$25 | $25 | $25 |
| Inbound International wires | $50
Above $75,000: $60 |
$50
Above $75,000: $60 |
$30 | $30 | $30 |
| Outbound International wires | $60
Above $75,000: $70 |
$60
Above $75,000: $70 |
$35 | $35 | $35 |
| Inbound ACH | $3 | $3 | $3 | $3 | $3 |
| Outbound ACH | $5 | $5 | $3 | $3 | $3 |
| EUR SEPA | 0.09%
Min 2 EUR |
0.09%
Min 2 EUR |
No fee | No fee | No fee |
| Arival to Arival | $5 | $5 | $3 | $3 | $3 |
| Between own Arival accounts | $0 | $0 | $0 | $0 | $0 |
| Transaction confirmation receipt | $75 | $75 | $75 | No fee | No fee |
| Returned item | $50 | $50 | $50 | $50 | $0 |
| Account Opening Time (business days) | 10-14 | 10-14 | 3-5 | 3-5 | 3-5 |
| Accounts per currency | 3 | 3 | 4 | 5 | 7 |
| Teammates | 5 | 5 | 7 | 10 | Unlimited |
| FDIC insurance up to | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 |
| Customer Service | Standard | Standard | Premium | Premium | Premium |
| Dedicated Account Manager | No | No | Yes | Yes | Yes |