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Home/ Rates Fees & Charges/ Deposits
Deposits

Published July 2018

Service / Product

Balance / Rate / Fee

CURRENT ACCOUNTS (INDIVIDUAL)

Minimum Balance

 

              Resident

Non Resident

AED

3,000

50,000

USD

3,000

50,000

GBP

3,000

50,000

EUR

3,000

50,000

CHF

3,000

50,000

Monthly charge if balance falls below minimum balance

AED 25, USD 20, GBP 10, EUR 20, CHF 20

Interest on occasional debit balances

15% + AED 20

Overdraft arrangement fee

AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st free, AED 25 per cheque book (AED 1 per cheque)

Late copies of passport, visa & Emirates ID (when applicable)

AED 50 per month (after 2 months of expiry)

CURRENT ACCOUNTS  (CORPORATE)

 

Minimum Balance

 

 

Resident

Non Resident

AED

50,000

100,000

USD

50,000

100,000

GBP

50,000

100,000

EUR

50,000

100,000

CHF

50,000

100,000

Monthly charge if balance falls below minimum balance

AED 100, USD 25, GBP 15, EUR 25, CHF 25

Interest on occasional debit balances

15% + AED 20

Semi-annual handling charge

AED 250

Overdraft arrangement fee

1% of funded. Min AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st Free, AED 50 per cheque book

 

Late copies of trade license, passport & visa

Trade License: AED 150 per month (after 1 month of expiry)

Passport & Visa: AED 50 per month (after 2 months of expiry)

SAVING ACCOUNTS (INDIVIDUAL)

Minimum Balance

AED

3,000

USD

3,000

GBP

3,000

EUR

3,000

CHF

3,000

The interest amount will be calculated based on the minimum balance per month

NOTICE DEPOSIT ACCOUNTS (INDIVIDUAL)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 100, USD 25, GBP 15, EUR 25, CHF 25

If balance falls below the minimum

No interest is paid

NOTICE DEPOSIT ACCOUNTS (CORPORATE)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 200, USD 50, GBP 30, EUR 50, CHF 50

If balance falls below the minimum

No interest is paid

FIXED DEPOSIT ACCOUNTS

Minimum balances, tenor, and rates per currency

Available upon request

Penalty for withdrawal prior to maturity (Subject to the discretion of the Bank)

Interest is paid as follows:
Interest rate applicable for the effective deposit period at the time of placing the deposit less 1%

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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