Corporate Banking Schedule of Charges
All charges below are exclusive of VAT (**). Click here for more details.
| Account Services | Over the counter | |
|---|---|---|
| Teller Services - AED Cash Deposit/Local Cheque Deposit/ AED Cash Withdrawal/Internal Transfers | Free | |
| FCY Cash Deposits/Withdrawals | 1% of cash deposit | |
| Liability Letter | AED 150 per request | |
| No Liability Letter | AED 150 per request | |
| Balance Order | AED 150 per request | |
| Certificate of Balance | AED 150 per request | |
| Duplicate Statement | AED 100 per request | |
| Audit Confirmation | AED 150 per request | |
| Account Closure less than 6 months | AED 200 | |
| Safe Custody Charges | AED 200 per annum | |
| Payments | Over the counter | smartBUSINESS |
| Transfers | Free | Free |
| Domestic Payments in AED | AED 45 per transaction | AED 25 per transaction |
| Foreign Currency Domestic Payments | AED 75 per transaction | AED 40 per transaction |
| Foreign Currency International Payments | AED 75 per transaction | AED 55 per transaction |
| Additional Telex/Tracer | AED 75 per transaction | N/A |
| Investigations/Amendment Requests | AED 75 per transaction | N/A |
| Payment Cancellation/Recall | AED 75 per transaction | N/A |
| Swift Copy (Outward Mt103) | AED 15 per request | Free |
| Inward Remittances | Free | N/A |
| FCY Inward Remittances | Free | N/A |
| Bulk Domestic Payments (smartBUSINESS only) | N/A | AED 15 per transaction |
| Bill Payments (smartBUSINESS only) | N/A | Free |
| Credit Card Payments (smartBUSINESS only) | N/A | Free |
| Non-WPS Salary Processing (smartBUSINESS only) | N/A | AED 2 per beneficiary (free for EI accounts) |
| WPS Salary Processing | AED 55 per bank + AED 3 per beneficiary (free for EI accounts) | AED 50 per file + AED 3 per beneficiary (free for EI accounts) |
| Clearing Cheques and Paper Instruments | Over the counter | |
| Chequebook request | AED 25/50 per chequebook | |
| Local Cheques Clearing | Free | |
| Special Clearing - Outward | AED 50 per instrument | |
| Special Clearing - Inward (proceeds by MC/DD) | AED 50 per instrument | |
| Special Clearing - Inward (proceeds through CBUAE) | AED 50 per instrument | |
| Cheque Return - Outward | AED 100 per cheque | |
| Cheque Return - Inward | AED 100 per cheque | |
| Cheque Return - Inward (return reason "Represent after 3 working days")* | 4 cheques or less in 12-month period, first instance free and AED 200 for subsequent instances | |
| More than 4 cheques in 12-month period, AED 200 per instance | ||
| Demand Draft/Manager's Cheques Issuance | AED 10 per instrument | |
| Demand Draft/Manager's Cheques Cancellation | AED 50 per instrument | |
| Duplicate Demand Draft/Manager's Cheque | AED 10 per instrument | |
| Stop Demand Draft/Cashier's Order | AED 100 per instrument | |
| Stop Cheque | AED 50 per instrument | |
| FCY cheque deposit | 0.1% of cheque amount, min AED 50, max AED 500 | |
| Courier Charges | AED 15 | |
| Customized Cheques / Special Chequebook | At cost, by arrangement | |
| PDC Warehousing | Over the counter | |
| PDC Deposit / Custodial Service | AED 10 per PDC | |
| PDC Postponement / Extension of due date | AED 10 per PDC | |
| PDC Withdrawal | AED 10 per PDC | |
| PDC Replacement | AED 10 per PDC | |
| Outstanding PDC Report | AED 10 per request | |
| Bulk PDC Warehousing | By arrangement | |
| Standing Instructions | Over the counter | |
| Standing Instruction Set Up / Amendment | AED 50 | |
| Standing Instruction Cancellation / Suspension | AED 50 | |
| Standing Instruction Failure | AED 50 | |
| Pick Up and Delivery Services | Charges | |
| Cash Pick Up | As per agreement | |
| Cash Delivery | As per agreement | |
| Cash Deposit Center Services | As per agreement | |
| Cheque Pick Up | As per agreement | |
| Liquidity Management (smartBUSINESS only) | smartBUSINESS | |
| Multi-Bank Account Aggregation | AED 250 per month | |
| Liquidity Management Initial Set Up - Manual | AED 10,000 per request | |
| Liquidity Management Initial Set Up - smartBUSINESS | AED 8,000 per request | |
| Liquidity Management Amendment - Manual | AED 2,000 per request | |
| Liquidity Management Amendment - smartBUSINESS | AED 1,500 per request | |
| Cash Concentration - Daily Sweep | AED 1000 per month | |
| Cash Concentration - Weekly Sweep | AED 500 per month | |
| Cash Concentration - Monthly Sweep | AED 250 per month | |
| smartBUSINESS | smartBUSINESS | |
| smartBUSINESS Subscription | AED 200 per month | |
| Physical Security Token | AED 250 per token | |
| SMS Security Token | Free | |
| Password Reset - Bank reset | AED 50 per request | |
| Password Reset - Self reset | Free | |
| Additional Account Setup | AED 100 per account post implementation | |
Notes:
*Effective from 1 April 2015
** All charges, commissions and fees are exclusive of Value Added Tax or any other similar sales tax (VAT).
The Bank reserves the right to vary its fees and cut off times without prior notice.
