Accounts

Current and Savings Accounts


Classic / Select (in AED) Advantage (AED) Priority (AED)
Average monthly minimum balance 3,000 AED 100,000 or Salary Transfer of AED 15,000 AED 500,000 or Salary Transfer of AED 50,000 or above
**Fall below fee (Applicable if Avg balance < AED 3,000) 25 25 25
Teller Charges (Transaction per month/fee) 2 free per month thereafter AED 10 30 free per month thereafter AED 10 60 free per month thereafter AED 10
Account closing charges (Before 12 months) 100 100 100
Dormant account charges Nil Nil Nil
Utility Bill Payment: Over the Counter 10 10 10
SMS monthly fee 5 5 Nil

*Free international TT per month. 25% discount on lockers rental for Value Plus Salary Transfer and 35% discount on lockers rental for Premium Salary Transfer Package. Click here to find more

**Minor accounts are excluded


Cheque Related Charges


Classic / Select (in AED) Advantage (AED) Priority (AED)
Cheque book charges (25 leaves) First cheque book (25 leaves) free, thereafter AED 25 First cheque book (25 leaves) free, thereafter AED 25 Free
Uncollected cheque book Free Free Free
Cheque returned charges - Inward (Personal) 100 100 100
Cheque return - Inward (Return Reason "Represent after 3 working days") for every item responded
100+* 100+* 100+*
Returned outward clearing cheques (Personal) Free Free Free
Cheque photocopy less than 1 year 10 10 Free
Cheque photocopy over 1 year 20 20 Free
Special Clearing - Inward 150 150 150
Special Clearing - Outward 100 100 100
Special Clearing - Outside Emirate 150 150 150
Collection of cheques - Emirates with own branches Free Free Free
Collection of cheques - Remote areas Free Free Free
Collection of cheques - Drawn outside UAE/FCY: Commission + corresponding banking charges apply 0.1% (Min AED 50, max AED 500 or equivalent FCY) 0.1% (Min AED 50, max AED 500 or equivalent FCY) 0.1% (Min AED 50, max AED 500 or equivalent FCY)

*Cheque returned charges AED 100 + Cheque Return with the code represent after 3 working days AED 100 = Total AED 200


Direct Debit Charges


Non Payment due to insufficient funds 25

Courier Charges


Classic / Select (in AED) Advantage (AED) Priority (AED)
AGCC 50 50 Free
Others 80 80 Free
Post 15 15 Free
Return Cheques drawn on Banks outside UAE-OCC Return Charges 50 50 50
Stop Cheque Charges (per request) 50 50 50

Remittances and Payments


Classic / Select (in AED) Advantage (AED) Priority (AED)
Managers Cheque/Pay Order/Demand Draft
Issuance to customers/LCY 30 30 30
Amendments/ Cancellation LCY 50 50 30
Issuance to Customers/FCY 30 30 30
Amendments/ Cancellation FCY 50 50 30
Inwards from foreign currency/FCY
DD/ Cheque Free Free Free
TT Free Free Free
Cash LCY Free Free Free
Cash FCY Free Free Free
Same Currency Cash FCY 1% of funds deposited or withdrawn 1% of funds deposited or withdrawn 1% of funds deposited or withdrawn
Outwards
TT Local (Through Branches) 5 5 5
TT Local (Through Online) 1 1 1
TT International when "OUR" or "SHA" is selected. AED 90 otherwise 90 75 60
FCY to countries other than FCY issuing country when "OUR" or "SHA" is selected. AED 100 otherwise 100 75 60
Correspondent bank fees* DD/TT As per actual correspondent bank charges
Local TT Charges for Companies 45 45 45
Standing Order - Setup Internal, External, Amendment, Cancellation, Execution & Non Execution 50 50 50
Fax Indemnity 250 250 250
Swift message copy Free Free Free
Insufficient Funds 25 25 25
Balance Order/SWEEP 240 240 Free
Special Clearing - Inward 150 150 150
Special Clearing - Outward 100 100 100
Special Clearing - Outside Emirate 150 150 150

* 1) As per correspondent bank charges
  2) Only "SHA" option is available for USD transfers as the Beneficiary will still be charged USD 20 or as applicable from the correspondent bank. This excludes transfers to the USA.


ATM/Debit Cards


Classic / Select (in AED) Advantage (AED) Priority (AED)
Card Issuance Free Free Free
Issuance of Supplementary Card Free Free Free
Replacement of Lost or Stolen Card Free Free Free
Replacing Secret PIN Code Free Free Free
UAE Switch (Per transaction) - Cash Withdrawal 2 2 2
UAE Switch (Per transaction) - Balance Inquiry / Declined Transaction 1 1 1
GCCNET (Per transaction) - cash withdrawal 6 6 6
GCC ATM Balancy Inquiry 3 3 3
Forex Charges* 2%* 2%* 2%*
Fee for using the ATM/Debit Card outside UAE 20 20 20
Overseas transaction in UAE Dirhams 1.99% 1.99% 1.99%
Copy of Sales slip 25 25 25
*This fee is charged in addition to the standard processing fee charged by MasterCard International or Visa International and is applicable to transactions performed in any currency other than UAE Dirham (approximately 1.15%)

Documents & Statements


Classic / Select (in AED) Advantage (AED) Priority (AED)
Account Balance Letter 50 50 50
Statement of Accounts (per month) Outside the cycle 25 Outside the cycle 25 Nil
No Liability Certificate 60 60 60
Liability letter issued to Govt. Dept & Embassies 60 60 60
Liability letter issued to financial institutions 60 60 60
Release letter 50 50 50
Other types of letters Audit confirmation letter: 150,
Others: 150
Audit confirmation letter: 150,
Others: 150
Audit confirmation letter: 150,
Others: 150

Notes:
****All charges, commissions and fees are exclusive of Value Added Tax or any other similar sales tax (VAT).

 

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