Fees:

• One time card fee of TT$180, card is valid for 2 years
• Additional card fee, replacement card fee – TT$70 per card
• Load/reload fee of 1.15% of the load/ reload dollar value

• Local purchases: Free
• Local ATM withdrawals at First Citizens and non First Citizens ATMs: TT$7

• International purchases & international online purchases: international processing fee of 2% of the transaction value
• International ATM withdrawals: (i) TT$15, (ii) any charge by the Bank whose ATM is being used and (iii) processing fee of 2% of the withdrawal amount.

• Refund or Cash Out fee of TT$20
 

Authorisation Holds:

Authorisation holds is the practice within the banking industry of authorising electronic transactions done with a prepaid, debit or credit card and holding the funds until the transaction is posted to the account.

Please note the following which apply to authorisation holds on the First Citizens Prepaid MasterCard:
• Authorisation holds apply to local, international and online transactions.
• Foreign purchases and international online transactions attract a 2% processing charge.
• The conversion of foreign currency to TT$ for authorisation hold purposes is calculated using the Bank’s US$ rate of the day. All fees and mark ups are then calculated on the resultant TT$ value.
 

Pay at the Pump Gas Station transactions:

Three hundred and six dollars (TT$306) must be available on the account for the transaction to be authorised by First Citizens.

For e.g.
If the customers wishes to purchase TT$100 in gas, TT$306 must be available on the account before the TT$100 request is authorised by the Bank.

Only TT$100 will be deducted from the account when the transaction is posted.
 

Travel & Entertainment transactions e.g. hotels, restaurants, car rentals, airlines:

Local:
The following must be available on the account for the transaction to be authorised by First Citizens: the value of the transaction plus 20% of the value of the transaction.

For e.g.
If the customer wishes to swipe at a local hotel for TT$1,000, then TT$1,200 must be available on the account for authorisation to occur, i.e. TT$1,000 plus 20% of TT$1,000 = TT$200.

When the transaction is posted, only $1,000 will be deducted from the account.

International Purchases & International Online Purchases:
The following must be available on the account for the transaction to be authorised by First Citizens: the value of the transaction plus 22% of the value of the transaction.

For e.g.
If the customer wishes to swipe at a hotel abroad for the equivalent of TT$1,000, then TT$1,220.00 must be available on the account for authorisation to occur, i.e.TT$1,000 plus 22% of TT$1,000 = TT$220.00.

When the transaction is posted, $1,020.00 will be deducted from the account, i.e. the transaction amount of TT$1,000 plus the international processing fee of 2% or $20.00.

All other purchase transactions (i.e. non “pay at the pump” gas station and non travel and entertainment):

Local:
The following must be available on the account for the transaction to be authorised by First Citizens: the value of the transaction plus 5% of the value of the transaction.

For e.g.
If the customer wishes to swipe at a local clothing store for TT$1,000, then TT$1,050 must be available on the account for authorisation to occur, i.e. TT$1,000 plus 5% of TT$1,000 = TT$50.

When the transaction is posted, only TT$1,000 will be deducted from the account.

International Purchases & International Online Purchases:
The following must be available on the account for the transaction to be authorised by First Citizens: the value of the transaction plus 6% of the value of the transaction.

For e.g.
If the customer wishes to swipe at a clothing store abroad for the equivalent of TT$1,000, then TT$1,060 must be available on the account for authorisation to occur, i.e. TT$1,000 plus 6% of TT$1,000 = TT$60.

When the transaction is posted, only $1,020.00 will be deducted from the account, i.e. the transaction amount of TT$1,000 plus the international processing fee of 2% or $20.00.
 

International Cash Advances:

The following must be available on the account for the transaction to be authorised by First Citizens: the value of the transaction plus 6% of the value of the transaction, TT$15 plus any charge by the Bank acquiring the transaction.

For e.g.
Assuming that the Bank which is acquiring the withdrawal charges the customer TT$10 to use its ATM, the following will apply.

If the customer wishes to withdraw the equivalent of TT$1,000 at an international ATM, then TT$1,085 must be available on the account for authorisation to occur, i.e. (i) TT$1,000 plus (ii) 6% of TT$1,000 = TT$60 plus (iii) TT$15 plus (iv) TT$10, totalling TT$1,085.

When the transaction is posted, $1,045.00 will be deducted from the account, i.e. (i) the transaction amount of TT$1,000 plus (ii) the international processing fee of 2% or $20.00, (iii) the TT$15 fee from First Citizens and (iv) the TT$10 fee from the acquiring bank.