Corporate Banking Schedule of Charges

All charges below are inclusive 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 1.05% of cash deposit
Liability Letter AED 157.50 per request
No Liability Letter AED 157.50 per request
Balance Order AED 157.50 per request
Certificate of Balance AED 157.50 per request
Duplicate Statement AED 105 per request
Audit Confirmation AED 157.50 per request
Account Closure less than 6 months AED 210
Safe Custody Charges AED 210 per annum
 
Payments Over the counter smartBUSINESS
Transfers Free Free
Domestic Payments in AED AED 47.25 per transaction AED 26.25 per transaction
Foreign Currency Domestic Payments AED 78.75 per transaction AED 42 per transaction
Foreign Currency International Payments AED 78.75 per transaction AED 57.75 per transaction
Additional Telex/Tracer AED 78.75 per transaction N/A
Investigations/Amendment Requests AED78. 75 per transaction N/A
Payment Cancellation/Recall AED 78.75 per transaction N/A
Swift Copy (Outward Mt103) AED 15.75 per request Free
Inward Remittances Free N/A
FCY Inward Remittances Free N/A
Bulk Domestic Payments (smartBUSINESS only) N/A AED 15.75 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 2.01 per beneficiary (free for EI accounts)
WPS Salary Processing AED 57.75 per bank + AED 3.15 per beneficiary (free for EI accounts) AED 52.50 per file + AED 3.15 per beneficiary (free for EI accounts)
 
Clearing Cheques and Paper Instruments Over the counter
Chequebook request AED 26.25/52.50 per chequebook
Local Cheques Clearing Free
Special Clearing - Outward AED 52.50 per instrument
Special Clearing - Inward (proceeds by MC/DD) AED 52.50 per instrument
Special Clearing - Inward (proceeds through CBUAE) AED 52.50 per instrument
Cheque Return - Outward AED 105 per cheque
Cheque Return - Inward AED 105 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 210 for subsequent instances
More than 4 cheques in 12-month period, AED 210 per instance
Demand Draft/Manager's Cheques Issuance AED 10.50 per instrument
Demand Draft/Manager's Cheques Cancellation AED 52.50 per instrument
Duplicate Demand Draft/Manager's Cheque AED 10.50 per instrument
Stop Demand Draft/Cashier's Order AED 105 per instrument
Stop Cheque AED 52.50 per instrument
FCY cheque deposit 0.105% of cheque amount, min AED 52.50, max AED 525
Courier Charges AED 15.75
Customized Cheques / Special Chequebook At cost, by arrangement
 
PDC Warehousing Over the counter
PDC Deposit / Custodial Service AED 10.50 per PDC
PDC Postponement / Extension of due date AED 10.50 per PDC
PDC Withdrawal AED 10.50 per PDC
PDC Replacement AED 10.50 per PDC
Outstanding PDC Report AED 10.50 per request
Bulk PDC Warehousing By arrangement
 
Standing Instructions Over the counter
Standing Instruction Set Up / Amendment AED 52.50
Standing Instruction Cancellation / Suspension AED 52.50
Standing Instruction Failure AED 52.50
 
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 262.50 per month
Liquidity Management Initial Set Up - Manual AED 10,500 per request
Liquidity Management Initial Set Up - smartBUSINESS AED 8,400 per request
Liquidity Management Amendment - Manual AED 2,100 per request
Liquidity Management Amendment - smartBUSINESS AED 1,575 per request
Cash Concentration - Daily Sweep AED 1,050 per month
Cash Concentration - Weekly Sweep AED 525 per month
Cash Concentration - Monthly Sweep AED 262.50 per month
 
smartBUSINESS smartBUSINESS
smartBUSINESS Subscription AED 210 per month
Physical Security Token AED 262.50 per token
SMS Security Token Free
Password Reset - Bank reset AED 52.50 per request
Password Reset - Self reset Free
Additional Account Setup AED 105 per account post implementation

***All charges, commissions and fees are inclusive of Value Added Tax (VAT).