List of charges | Requirements / Charges |
Account Currency | AED, USD, GBP, EURO, JPY, CNY |
Minimum monthly average balance | AED 0 |
Non-maintenance of Minimum Relationship Balance Charges | AED 0 |
Monthly Account Maintenance Fee | AED 250 |
Standing Instructions | |
Set up fee | AED50 |
Execution Charge | AED15 Per Transaction |
Failure due to insufficient funds | AED100 Per Transaction
|
Amendment/ Cancellation | AED20 per set up |
Remittances Incoming | |
Local within UAE | AED1 |
International Remittance | AED 20 / USD 10 / EUR10 |
Remittances Outgoing
| Manual | Electronic |
Local Remittances - per transaction | AED 75 | AED 20 |
International Remittances - per transaction | AED100 | AED 35 |
Transfer within Own Account | AED 60
| Free |
Recall of Telex Transfer
| AED100 | AED100 |
Managers Cheques/Demand Draft | |
| Manual | Electronic |
Managers Cheques - per cheque | AED20 | AED20 |
Demand Drafts - per cheque | AED20 | AED20 |
Stopped demand draft/managers cheque | AED50 | AED50 |
Cheques |
Cheque Book |
1st cheque book free
Additional 50 leaf cheque book AED50
|
Inward clearing (payments made by clients) |
Free |
Special clearing (inward and outward) |
AED205 |
Outward clearing |
Free |
Return cheques: Inward clearing (payments made by clients) |
AED500 |
Post dated cheque (PDC) collection |
AED10 per cheque |
PDC date extension |
AED25 per cheque |
PDC withdrawal |
AED25 per cheque |
Cash Deposit |
Over the counter - Teller transactions
|
AED 50 per transaction |
Through Cash deposit machine |
Free |
Cash Cheque Withdrawal |
Over the counter - Teller transactions |
AED40 per transaction |
CBD ATM |
Free |
Payroll (Rateb Payroll Card) |
One time set up cost |
AED500 for companies less than 50 employees |
AED1,500 for companies with more than 50 employees |
| Electronic |
Rateb Payroll Processing WPS |
AED 7 per card. MOL ID will incur a charge of AED 100 monthly |
Rateb Payroll statement |
Free |
WPS transfers to other banks |
AED3 per record |
Non WPS transfers to other banks |
AED50 per bank |
Miscellaneous Charges |
Stop payment of cheque |
AED100 per cheque |
Stop payment of lost cheque book |
AED500 per cheque book |
Bank statement - Manual issuance |
AED100 per request per monthly statement |
Audit/Balance Sheet letter/ reference letter |
AED250 per item |
Swift Copies of Remittance |
AED100 per message |
Retrieval of transaction record |
Less than 6 months: AED 50
Greater than 6 months: AED 100 |
Non - submission of renewed Trade License copy (expired trade license) |
AED 300 per month |
Bank reference letter |
AED250 |
Liability Certificate |
AED350 |
No Liability Certificate |
AED300 |
Audit Confirmation |
AED250 |
Account closure within 12 months |
AED350 |
Account closure certificate (release letter) |
AED100 |
Signature Authentication charge |
AED100 |
Attijari e-Advice (inward and outward remittances) |
AED Free |
iBusiness Online Banking |
Enquiry and Full transaction access |
Free |
Transaction Authorization Hard Token |
First 2 Tokens - Free Each additional token AED 75 per token |
Transaction Authorization Soft Token |
First 2 tokens free Each additional token AED 50 per token |
Training Support |
First site visit free AED 250 for subsequent visit for Dubai and Sharjah AED 400 for all other Emirates |
Business Debit / ATM Card* |
Issuance / Renewal |
Free |
Transaction fees at CBD ATMs and CDMs |
Free |
Transaction fee in non-CBD ATMs in UAE |
Cash withdrawal AED2
Balance enquiry AED1
|
Fees for using an ATM outside the UAE |
GCC countries: AED6 per withdrawal and AED 3 per balance enquiry
Other countries: AED20 per withdrawal and balance enquiry is free
|
Foreign currency transaction fee |
2% of transaction value |
Early replacement / re-issuance of card or PIN at customer's request |
AED25 |
Value Added Services |
Monthly Integrated online statements |
Free |
Phone Banking |
Free |
CBD Delivery Channels |
SMS Banking |
Two months free service from your registration date
From the third month - up to 5 messages free every month and after 5th message will be charged at AED 0.20 per message
|