| # |
SERVICE |
CHARGES |
| 1 |
Imports |
| 1.1 |
Import LC opening commission |
| 1.1.a |
L/C upto AED. 100,000/- (minimum 3 months) |
0.125% per month (min 3 months), minimum AED. 250/- |
| 1.1.b |
For the L/C amount thereafter (minimum 3 months) |
0.0625% per month (min 3 months) & minimum AED. 375/- |
| 1.1.c |
For the L/C amount beyond three months |
0.125% upto AED. 100,000/- & 0.0625% thereafter (per month). Minimum AED. 250/- |
| 1.1.d |
Short Cable |
AED. 100/- |
| 1.1.e |
Courier |
AED. 250/- |
| 1.1.f |
Full Telex |
AED. 400/- |
| 1.1.g |
Full SWIFT |
AED. 250/- |
| 1.1.h |
Short SWIFT |
AED. 100/- |
| 1.1.i |
Amendment Charges |
AED. 100/- minimum - otherwise according to LC charges |
| 1.1.j |
Postages |
AED. 25/- |
| 1.1.k |
Reinstatement charges |
0.125% per reinstatement (minimum of AED. 250/-) |
| 1.1.l |
Import LCs with non standard/long text |
AED. 100/- (exceeding 20 Clauses) |
| 1.2 |
PAD |
| 1.2.a |
Minimum rate for US$. PADs |
3.69 |
| 1.2.b |
Foreign correspondent charges |
US$. 10/- + actual, if any (where applicable) |
| 1.2.c |
Payorder charges for payment of commission to Indentors |
AED. 25/- |
| 1.2.d |
Fee Deductible from proceeds if remittance to be effected upon receipt of documents |
US$. 50/- |
| 1.2.e |
Discrepancy fee to be deducted from the proceeds payable to the negotiating bank |
US$. 100/- per document |
| 1.2.f |
Customs duty collection charges for documents not received through us. |
AED. 100/- |
| 1.2.g |
Acceptance of documents under DA LCs (From date of acceptance until date of payment) |
0.25% per month or part thereof minimum AED. 250/- |
| 1.3 |
FIDBC |
| 1.3.a |
Minimum commission - retirement |
0.125% Minimum AED. 250/- |
| 1.3.b |
Postages |
AED. 25/- |
| 1.3.c |
Telex charges |
AED. 75/- or US$. 25/- if deducted from the proceeds |
| 1.3.d |
Documents returned unpaid |
AED. 200/- from drawee. Additional charge of 0.125% for Usance documents |
| 1.3.e |
Delivery of Documents (free of payment) |
0.125% or minimum AED. 250/- |
| 1.3.f |
Overdue commission on D.A. documents |
0.125% or minimum AED. 250/- |
| 1.4 |
Letter of Guarantee |
| 1.4.a |
LG Commission |
1% to 2% per annum minimum AED. 350/- |
| 1.4.b |
Labour Guarantee |
AED. 250/- |
| 1.4.c |
Trade / Municipal Guarantees |
2% per annum - minimum AED. 350/- |
| 1.4.d |
Performance Bond / Advance Payment |
2% per annum - minimum AED. 350/- |
| 1.4.e |
Shipping Guarantees |
0.125% on invoice value with minimum AED. 200/- |
| 1.4.f |
Delivery Order |
0.125% on invoice value with minimum AED. 200/- |
| 1.4.g |
Amendment of LGs |
1% to 2% p.a. - for 3 months minimum AED. 200/- |
| 1.4.h |
Extension/ Enhancement in amount |
0.125% per month minimum AED. 150/- |
| 1.4.i |
LGs with Non-standard/Long Text |
AED. 100/- |
| 1.4.j |
Shipping guarantee Outstanding for more than 1 month |
AED. 100/- per month |
| 2 |
Exports |
| 2.1.a |
Commission on handling export documents |
0.125% minimum AED. 250/- |
| 2.1.b |
Preadvice (LCs received by short telex) |
AED. 100/- |
| 2.1.c |
LC advising charges |
Customer - AED. 200/-, Non Customer- AED. 250/- |
| 2.1.d |
Amendment advising charges |
Customer-AED 100/-, Non Customer- AED 200/- |
| 2.1.e |
Confirmation charges |
1.50% per quarter or part thereof - minimum AED. 400/- |
| 2.1.f |
Exchange compensation |
0.125% if same currency |
| 2.1.g |
Telex charges |
AED. 75/- |
| 2.1.h |
Postages |
AED. 25/- |
| 2.1.i |
Courier Charges |
AED. 250/- minimum AED. 75/- for subsequent documents under same cover |
| 2.1.j |
Discounting interest on usance document |
AED. 100/- minimum |
| 2.1.k |
Interest on sight documents purchased |
AED. 100/- minimum |
| 2.1.l |
Transfer to 3rd party |
0.125% AED. 250/- minimum |
| 2.1.m |
Reimbursement Claim |
AED. 50/- minimum |
| 2.1.n |
Buying rate for US$ documents |
3.66 |
| 2.1.o |
Admin fee on docs held unpaid after one month of due date |
AED. 150/ month |
| 2.2 |
Export Documents under Collection |
| 2.2.a |
Commission |
0.125% minimum AED. 250/- |
| 2.2.b |
Postages |
AED. 50/- |
| 2.2.c |
Courier |
AED. 250/- minimum |
| 3 |
Bills (Clean) |
| 3.1.a |
FBP conversion rate |
3.65 maximum for bulk amount of TCs/DDs |
| 3.1.b |
FBC conversion rate |
3.65 maximum |
| 3.1.c |
FBC/FBP Commission |
@ 0.125% US$ 5/- minimum |
| 3.1.d |
Postages |
AED. 25/- |
| 3.1.e |
Courier Charges |
AED. 250/- |
| 3.1.f |
IFBC Commission |
Commission @ 0.125% - US$. 25/- minimum plus AED. 100/- if remitted by telex transfer & AED. 25/- if remitted by draft |
| 3.1.g |
OBC Commission |
AED. 25/- |
| 3.1.h |
IBC Commission |
AED. 25/- |
| 3.1.i |
LBD Commission |
0.125% minimum AED. 25/- |
| 3.1.j |
Replacement / Premature |
AED. 25/- |
| 3.1.k |
Request for Outstanding LBDs |
AED. 20/- |
| 3.1.l |
LBD return unpaid |
AED. 100/- |
| 4 |
Payment Services |
| 4.1 |
Remittance Outwards |
| 4.1.a |
Selling rate for US$ |
3.6735 minimum |
| 4.1.b |
Draft charges |
AED. 20/- |
| 4.1.c |
Payorder/ Cash Order issuance commission |
AED. 25/- |
| 4.1.d |
Cancellation of Pay Order |
AED. 20/- |
| 4.1.e |
Buying rate for US$ TT |
3.672 maximum |
| 4.1.f |
Inward TT FC |
US$. 10/- |
| 4.1.g |
Inward TT AED |
US$. 10/- (AED. 20/- for Local TTs) |
| 4.1.h |
Outward TT |
AED. 75/- |
| 4.1.i |
Enquiry charges |
AED. 50/- |
| 4.1.j |
Recall of T.T. Funds |
AED. 50/- (excluding telex charges) |
| 4.1.k |
Travellers Cheque Sale |
1/2% (minimum AED. 25/-) |
| 4.1.l |
Stop Payment of Draft |
AED. 50/- |
| 4.1.m |
Cancellation of Demand Draft |
AED. 25/- |
| 4.1.n |
Issue of Manager's cheques for IPO |
AED. 50/- |
| 4.2 |
Standing Instructions |
| 4.2.a |
New Standing instructions / Registration |
AED. 50/- |
| 4.2.b |
Standing instruction charges - Daily |
AED. 10/- |
| 4.2.c |
Standing instruction charges - Monthly |
AED. 25/- |
| 4.2.d |
Execution on every due date |
AED. 25/- |
| 4.2.e |
Amendment to standing instructions |
AED. 50/- |
| 4.3 |
Special clearing Payorder / Cheque |
| 4.3.a |
Special Clearing Payorder / Cheque |
AED. 75/- |
| 4.3.b |
Central Bank transfer |
AED. 50/- |
| 5 |
Cheque Services |
| 5.1 |
Post Dated Cheques |
| 5.1.a |
Outstanding Post dated cheques - enquiry |
No charge |
| 5.1.b |
Replacement / Pre-mature |
AED. 10/- per cheque |
| 5.2 |
Collection Cheques |
| 5.2.a |
Middle East Countries |
AED. 25/- + Foreign Bank Charges |
| 5.2.b |
Other Countries |
AED. 40/- + Foreign Bank Charges |
| 5.3 |
Other Charges - Cheques |
| 5.3.a |
Cheque return charges - Ist cheque |
AED. 100/- (Middle East countries)
AED. 150/- (Other Countries) |
| 5.3.b |
Cheque return charges - subsequent cheques |
AED. 150/- |
| 5.3.c |
Marking stop payment of cheque |
AED. 100/- |
| 5.3.d |
Cheque book issuance |
AED. 1.00 per leaf |
| 6 |
ATM Cards |
| 6.1.a |
ATM Card charges |
AED. 50/- per year (supplemantry Card AED. 25/-) |
| 6.1.b |
Card replacement fees |
AED. 50/- |
| 6.1.c |
Reactivation charges |
AED. 50/- |
| 6.1.d |
GSM Charges |
AED. 0.30/- per message |
| 6.2 |
Master Card Fee |
| 6.2.a |
Gold Card |
AED. 350/- |
| 6.2.b |
Silver Card |
AED. 200/- |
| 6.2.c |
Supplementary Cards - Gold Card |
AED. 150/- |
| 6.2.d |
Supplementary Cards - Silver Card |
AED. 75/- |
| 6.2.e |
Overlimit fees |
AED. 100/- |
| 6.2.f |
Statement Request |
AED. 25/- per month (New) |
| 6.2.g |
Mastercard- Pin Mailer Replacement Charges |
AED. 50/- |
| 6.2.h |
Mastercard Late Payment Charges |
AED. 100/- |
| 6.2.i |
Mastercard- Replacement Charges |
Gold (AED. 150/-)
Silver (AED. 100/-) |
| 7 |
Personal Loans |
| 7.1 |
Commission ( Salary loan processing charges) |
1% minimum AED. 350/- |
| 7.2 |
Repayment Fees |
| 7.2.a |
Repeat Loan |
0.5% minimum AED. 150/- |
| 7.2.b |
Settlement through other banks |
3% of outstanding amount or minimum AED. 250/- |
| 7.2.c |
Settlement through other sources |
2% of outstanding amount or minimum AED. 250/- |
| 7.3 |
Loan Installment waivement |
| 7.3.a |
Loan Installment Waivement |
AED. 150/- per waivement. Maximim 3 waivements (except Ramzan) |
| 7.4 |
Rescheduling of Loan |
| 7.4.a |
For additional increased installment |
No charges |
| 7.4.b |
Loan repayment before maturity date |
2% of outstanding amount or minimum AED. 250/- |
| 7.5 |
Insurance Premium |
@ AED. 4.50/- per thousand of loan, minimum AED. 150/- |
| 8 |
Auto Loans |
| 8.1 |
Handling Charges |
AED. 50/- |
| 8.2 |
Failed Standing orders |
AED. 150/- (where reason is insufficient funds) |
| 9 |
Locker Charges ( Annual Rent) |
| 9.1 |
For Customers |
| 9.1.a |
Key Deposit |
Security Deposit AED. 1,500/- |
| 9.1.b |
10cm X 30cm X 45cm locker |
AED. 400/- per annum |
| 9.1.c |
15cm X 30cm X 45cm Locker |
AED. 500/- per annum |
| 9.1.d |
20cm X 30cm X 45cm Locker |
AED. 600/- per annum |
| 9.1.e |
25cm X 30cm X 45cm Locker |
AED. 800/- per annum |
| 10 |
Securities Trading |
| 10.1.a |
Purchase of Euro Securities-Commission |
Cents 10/GDR/Bond minimum com. US$. 100/- |
| 10.1.b |
Sale of Euro Securities-Commission |
Cents 10/GDR/Bond minimum com. US$. 100/- |
| 10.1.c |
External brokerage/commission/charges |
As per actual |
| 11 |
Custody Services |
| 11.1.a |
External brokerage/commission/charges |
As per actual |
| 12 |
General |
| 12.1.a |
A/C closing charges |
AED. 100/- (saving / current A/Cs) |
| 12.1.b |
Incidental Charges - (Bi Annually) - Salary loan |
AED. 40/- (to be debited to Loan Account if Nil bal in Parent Account) |
| 12.1.c |
Incidental Charges - (Bi Annually) - Demand LC |
AED. 60/- |
| 12.1.d |
Incidental Charges - (Bi Annually) - Demand FC |
AED. 60/- |
| 12.1.e |
Incidental Charges - (Bi Annually) - Call LC |
AED. 60/- |
| 12.1.f |
Incidental Charges - (Bi Annually) - Call FC |
AED. 60/- |
| 12.1.g |
Incidental Charges - (Bi Annually) - Saving LC |
AED. 60/- |
| 12.1.h |
Incidental Charges - (Bi Annually) - Saving FC |
AED. 60/- |
| 12.1.i |
Gold Handling Charges |
AED. 5 per TT Bar
AED. 10/- per KG Bar |
| 12.1.j |
TOD processing fee |
AED. 100/- per request |
| 12.1.k |
Late repayement of TOD |
minimum AED. 100/- |
| 12.1.l |
Excess over limit processing fee |
AED. 100/- per request |
| 12.1.m |
Statement of A/C Charges |
AED. 25/- per request upto 3 months |
| 12.1.n |
Statement of A/C Charges |
AED. 50/- per request beyond 3 months upto 12 months |
| 12.1.o |
Statement of A/C Charges |
AED. 100/- per request beyond 12 months |
| 12.1.p |
Account Handling Charges |
AED. 2/- per transaction to AED. 4/- per transaction subject to rules |
| 12.1.q |
Dormant Account Handling Charges |
AED. 200/- per Annum |
| 12.2 |
Photocopying of documents / cheques |
| 12.2.a |
Upto one month old (within the branch) |
AED. 10/- per document - maximum AED. 100/- |
| 12.2.b |
Beyond one month (from warehouse) |
AED. 50/- per document - minimum AED. 250/- including warehouse expenses |
| 12.3 |
Certification Charges |
| 12.3.a |
Balance Certificate / Audit confirmation |
AED. 500/- |
| 12.3.b |
Other certificates (Embassies etc.) |
AED. 100/- |
| 12.3.c |
Custom Duty Receipts |
AED. 30/- |
| 12.3.d |
LLC Certificate |
AED. 400/- |
| 12.3.e |
Introduction Letter |
AED. 200/- |
| 12.3.f |
Economic Dept. Balance Confirmation |
AED. 200/- |
| 12.3.g |
Liability Letter |
AED. 200/- |
| 12.3.h |
Signature Verification - other banks |
AED. 200/- |
| 12.3.i |
Fax copy of any remittance/ transaction advice |
AED. 100/- |
| 12.4 |
Reminders |
| 12.4.a |
All SWIFT / Telex reminders sent for follow up |
AED. 50/- per reminder |
| 12.4.b |
All Postal reminders sent for follow up |
AED. 25/- per reminder |
| 13 |
Minimum Balances Requirement |
| |
(Applicable to only personal accounts with no credit facilities) |
| 13.1 |
Saving Accounts |
Ledger fee @ AED. 75/- per month if balance falls below AED. 5,000/- at any time during the month. No incidental charges to be charged in case the minimum avg. balance is AED. 100,000/- |
| 13.2 |
Demand Deposit Accounts |
Ledger fee @ AED. 75/- per month if balance falls below AED. 7,500/- at any time during the month. No incidental charges to be charged in case the minimum avg. balance is AED. 100,000/- |
| 13.3 |
Call Deposit Accounts |
Ledger fee @ AED. 75/- per month if balance falls below AED. 10,000/- at any time during the month. No interest to be paid for those days where the balance goes below AED. 10,000/- or equivalent during the month. |
| 13.4 |
Time Deposit Accounts |
Time Deposits should not be accepted or maintained below AED. 5,000/- or equivalent |
| 14 |
Credit Processing Fee |
Charge based on percentage i.e. 0.25%; Min AED 1,000/-
Limits fully secured by Deposits - Max. AED. 5,000/- |