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Home/ Rates Fees & Charges/ Account related services
Account related services

Published July 2018

Service / Product

Balance / Rate / Fee

CASH (CURRENCY NOTES DEPOSIT IN SAME CURRENCY ACCOUNT)

USD

0.5% to 1%, Min USD 10

All foreign currency other than USD

1%, Min FCU 10 (Foreign Currency Unit)

CHEQUES SENT FOR COLLECTION

Clearing cheque

Free (within UAE)

Cheque for collection

Free (within UAE)

Corresponding bank collection charges

Correspondent bank charges

Cheque collection charge (all foreign currency in UAE)

AED 50 + Correspondent bank charges

Cheque drawn on other countries

AED 50 + Courier + Correspondent bank charges

Cheque sent directly to the drawee bank for collection

AED 100 + Courier + Correspondent bank charges

Outward clearing cheque return charge

Free

Cheque drawn on us with no sufficient funds

AED 100 + Central Bank charges (as applicable)

Stop payment – cheques drawn on the bank

AED 50

INCOMING CLEAN COLLECTION

Cheque sent by overseas bank

AED 150, USD 40

Inward cheque collection charge foreign currency (local)

AED 125

DEMAND DRAFTS & MANAGER CHEQUES

 

Demand drafts / manager cheques

AED 30

Stop payment of demand draft / manager cheque

AED 75

Stop payment of foreign demand draft (subject to applicable laws and banking practices)

AED 100 + Correspondent bank charges

CHEQUES NEGOTIATED/  DISCOUNTED

Post-dated cheque (PDC) discounting charge

0.125% of cheque amount, Min AED 75 (per cheque)

POST DATED CHEQUES FOR COLLECTION

Handling charge

Free

Cheque withdrawn prior to maturity

AED 10

STANDING  ORDERS

Set-up

Individuals: AED 50, Corporates: AED 100

Non-availability of funds on due date (S/O failure)

AED 25

Amendment of existing standing order

AED 50

SPECIAL  CLEARING

Special clearing charge

AED 205

OTHERS

Certification of sight cheque

1%, Min AED 100, Max AED 1,000

Audit confirmation/Letter of introduction

Corporates: AED 250

Credit information

AED 250

Balance certificate

Individuals: AED 50, Corporates: AED 250

No liability certificate

AED 50

Release letter

AED 50

Account closing

AED 100 (if within one year of opening)

SWIFT statement

AED 100 per month

Duplicate statement

Individuals: AED 25, Corporates: AED 50

Hold mail

AED 250

Fax statement- only three months back

AED 5 per sheet

Trade license certificate

AED 250

Terms & Conditions Apply

The Bank may debit the Account and the Customer will on demand pay the Bank’s charges and fees for the operation of the Account and other facilities and services provided to the Customer by the Bank.
The Bank may amend, at any time without prior notice, its charges, commissions or fees. Based on risk, terms may vary from the standard applicable rates. All charges, commissions and fees are exclusive of Value Added Tax (VAT). If VAT is applicable, it will be chargeable and payable in addition to, and at the same time as, the above mentioned charges.

 


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