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Fees & Charges

Last Updated October 20 , 2020

Fees, Charges, Transaction Limits and Minimum Balances - Personal Banking

Current / Savings Accounts
Minimum balance Breach of minimum balance (monthly)*
AED 5,000 AED 26.25
USD 1,500 USD 7.35 
GBP 1000 GBP 5.25 
EUR 1000 EUR 5.25
  AED 200(or equivalent) for negative balance 
Account closure fee
(Applicable after the cooling-off period of 5 working days and
if closure is within 6 months of account opening)
AED 105

  • Standard exclusions apply
  • T& C Apply
*No minimum balance requirement for CBD Elite, CBD Private and Executive Banking customers

 

Daily Cash Deposit Limits via ATMs
Direct AED 10,000
Personal AED 40,000 
Daily Cash Withdrawal Limits  ATMs / Daily Purchase Limits for Debit Cards
  CBD ATM Non CBD ATM Debit Card Purchase
Direct AED 10,000 AED 5,000 per transaction AED 10,000
Personal AED 20,000 AED 5,000 per transaction AED 20,000
CBD ELITE AED 30,000 AED 5,000 per transaction AED 50,000
CBD PrivateAED 50,000AED 5,000 per transactionAED 100,000
Time Deposits Accounts
Minimum time deposit amount AED 10,000
Pre-mature closure of Time Deposits# 1% penal interest

 

Cards
Debit Card
Schedule of Charges-English
Schedule of Charges-Arabic
Credit Cards
Schedule of Charges-English
Schedule of Charges-Arabic

Cheques Collection
Postdated cheques deposited for collection AED 10.50 per cheque
Cheque return charges AED 26.25 plus correspondent charges
Stop payments charges per cheque AED 52.50 per cheque
Special clearing cheque from other banks AED 215.25                          
Outward cheque collection ( Foreign currency)            0.125% minimum AED 131.25 (VAT is applicable) 

 

Standing Orders
Standing Order - Set-up AED 52.50
Standing Order transaction charges Charges as per MC/DD Swift charges (VAT is applicable) 
Non-Execution of S/O due to lack of funds AED 26.25
Standing Order amendment charges AED 26.25

 

Teller Services
Cash commission on foreign currency transactions 1% of FCY amount, minimum AED 21 (VAT is applicable)
Teller services 6 transactions free per month (other than cash transactions); additional AED 10.50 per transaction

 

Outward Remittances
Manager's Cheque Issuance AED 78.75
Stop Payment of Manager's Cheque   AED 52.50
Demand Draft Issuance   AED 78.75
Stop Payment of Demand Draft   AED 52.50 
SWIFT / Telex transfer
Gulf countries AED 78.75 at branch, AED 15.75 through Online/Mobile Banking; Correspondent Bank charges may apply 
Other countries AED 84 at branch, AED 21 through Online/Mobile Banking; Correspondent Bank charges may apply 


Faster Remittances to India
Segment Number of free transfers Charges for additional transfers (AED)
Personal 5*(Digi Account- 2 international transactions free per month) 10.50
Executive Banking 5* (in addition one free transaction per month) 10.50
Elite 5* (in addition 4 international transactions free per month) 10.50
Private* Unlimited 0
*Segment waivers will be in addition to the first 5 free transfers.

Faster Remittances to Philippines
Segment Number of free transfers Charges for additional transfers (AED)
Personal 3* (Digi Account- 2 international transactions free per month) 10.50
Executive Banking 3* (in addition one free transaction per month) 10.50
Elite 4 international transactions free per month 10.50
Private* Unlimited 0
Faster Remittances to Pakistan
Segment Number of free transfers Charges for additional transfers (AED)
Personal 3* (Digi Account- 2 international transactions free per month) 10.50
Executive Banking 3* (in addition one free transaction per month) 10.50
Elite 4 international transactions free per month 10.50
Private* Unlimited 0
Faster Remittances to Bangladesh
Segment Number of free transfers Charges for additional transfers (AED)
Personal 3*(Digi Account- 2 international transactions free per month) 10.50
Executive Banking 3* (in addition one free transaction per month) 10.50
Elite 4 international transactions free per month 10.50
Private* Unlimited 0

*Segment waivers will be in addition to the first 3 free transfers.

 

TT/SWIFT Cancellation AED 52.50; Correspondent Bank charges may apply
TT/SWIFT Recall
AED 105; Correspondent Bank charges may apply
TT/Fate Inquiry AED 105; Correspondent Bank charges may apply
UAEFTS Charges as per Central Bank (UAE Funds Transfer System)
Remittance Charges if borne by the remitter and beneficiary AED 5.25 at Branch, AED 1.05 through Online Banking (Free for CBD ELITE customers) 
Remittance Charges if borne by the beneficiary
AED 5.25 at branch, AED 1.05 through Online Banking (Free for CBD ELITE customers)
Remittance Charges if borne by the remitter
AED 6.30 at branch, AED 2.10 through Online Banking (Free for CBD ELITE customers)  
Payments and transfers
 Transfer within CBD accountFree
 CBD credit card payment from CBD account  Free

 

Inward Remittances
 Inward Payments for Currency Accounts - USD Equivalent to AED 26.25
 Inward Payments for Currency Accounts - EUR Equivalent to AED 26.25
 Inward Payments for Currency Accounts - GBP Equivalent to AED 26.25
 Inward Payments for Currency Accounts - Other Currencies Equivalent to AED 26.25
UAEFTS Charges as per Central Bank
(UAE Funds Transfer System)
Remittance Charges if borne by the
remitter and beneficiary 
AED 1.05
Remittance Charges if borne by the beneficiary
AED 1.05
Remittance Charges if borne by the remitter
NIL

 

Personal Loan
Processing fee 1% flat of loan amount (VAT is applicable) (minimum AED 525 and maximum AED 2,625)
Interest on loan
As per credit policy for personal loan
Part-payment from own sources
1% (VAT is applicable); Max AED 10,500
Part-payment from other bank
1% (VAT is applicable); Max AED 10,500
Early settlement from own source
1% (VAT is applicable); Max AED 10,500
Early settlement from other bank
1% of remaining balance (VAT is applicable) or AED10,500 whichever is lower
Life insurance 0.82% of loan amount
Postponement request AED 105
Re-scheduling of loan AED 262.50
Loan cancellation fee AED 105
Final settlement from other sources/End of Service Benefits 1% (VAT is applicable); Max AED 10,500
Late payment penal interest charges Max AED 200
 Issuance of liability letter to other banks  AED 63

*The life insurance fees not applicable for Secure Lending [Loan Against Deposit]


 

Overdraft
Revolving Overdraft Set-Up Fees AED 105

 

Car Loan
Processing fee 1% on Loan/Finance Amt. (VAT is applicable) (Min. AED 525 & Max. AED 2,625)
Early / Part Settlement
1% of the outstanding balance (VAT is applicable) or AED 10,500 whichever is lower
Postponement Request
AED 105
Reschedule of Loan
AED 262.50
Vehicle Mortgage /Vehicle Mortgage Release
No bank charges (RTA charges may apply)
Advance Payment of Installment
1% of the Advance Payment (VAT is applicable)
Late payment penal charges# 2% over agreed rate - Min. AED 50 & Max. AED200
Issuance of liability letter to other banks AED 63

 

Mortgages
Type of Services Segment/Parameters  (Fees & Charges)
* Pre-Approval Fee Salaried AED 1,575
  Self-employed AED 2,100
  Non-resident AED 2,100 (for both Salaried and Self-employed)
 Brokers, Existing Al Dana with LOR >=1yr & Private Banking customers 

Waived 

 Processing Fee NTB 1% of Approved Loan/finance amount (VAT is applicable) with Minimum of AED 5,250
  Buyout

Nil,

Customer seeking additional equity i.e. Buyout  & equity, 1% processing fee applicable on the Equity release/incremental amount (VAT is applicable)
  Existing Al Dana customers0.75% of Approved Loan/finance amount (VAT is applicable) with Minimum of AED 5,250 to existing Dana clients maintaining AED 400K balance or salary transfer to CBD of AED 40K for last 3 months. 
*Pre-Approval charges shall be adjusted towards processing fee once full case is submitted within the validity of pre-approval (60 Days)
Early settlement from the same bank loan/financeLoan closure / full settlement from own source or through sale proceeds1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less
 Early settlement from other bank (Buyout) Loan  closure / full settlement through other banks / transferring loan/finance  1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less
 Partial payment  Applicable on the pre-paid amount
  • Free up to 15% of the outstanding amount per year 
  • 1% capped at Max. AED 10,500 on the partial settlement amount exceeding 15% outstanding amount per year (VAT is applicable)

Revalidation

(these are standalone charges & should not be adjusted against processing fee)
Revalidation of conditional approval / Pre-approvalAED 525 across all segments
 Amendments to offer letter AED 1,050
 Insurance Life Insurance premium0.01167% (per month) under the group Insurance coverage on yearly renewable term policy (VAT is applicable)
Property Insurance premium0.040 % per year subject to change as specified by the Policy provider (VAT is applicable)
Property Valuation  ResidentialAED 3,150 for single residential properties *additional charges apply for multiple units
Penal Interest/ Penalty and Charges Additional interest of 2% on the delayed amount for the delayed period. In addition to the penal interest, AED 200 per past – due amount occurrence with maximum penal interest capped at AED 700.00
Letter issuance charges Liability letter AED 89.25
 Liability letter addressed to Govt. authorities & charitable organizations AED 105
 Reissuance of Clearance Letter AED 99.75
 Issuance of NOC to Rent Committee, RERA, Developer & any other Competent Authority AED 157.50
Revalidation of conditional approval / Pre-approval 
AED 525 across all segments
 Others charges Copy of Repayment Schedule AED 78.75
 Copy of Offer Letter, mortgage Contracts and Title Deed AED 105 per document, per instance
 Amendments to existing loan/finance structure(If requested by the borrower) AED 3,150
 Property swaps  administration fees  AED Max 1386 (valuation included)
 Request of any other letters AED 94.50
 Any other certificate AED 78.75
 Non-standard statement production/copy of original documentation AED 105
Additional conditions referring to Fees All fee for Transfer,  Assignment,  Registration with Developer, Land Dept., Municipality and any standard governmental fees and any other tax or applicable charges to be borne by the applicant on actual basis  
 

Direct Debits Authority Charges - Processing Charges (Paying Bank)
Inward New Request (Setup Confirmation)
Loans, Finances, Credit Cards, Mortgage Loan
AED 26.25 
Others AED 5.25
Inward Amendment Request (Setup Confirmation)
Loans, Finances, Credit Cards, Mortgage Loan
AED 26.25 
Others AED 5.25
Inward Cancellation Request
Loans, Finances, Credit Cards and Others
Free
Mortgage Loan
Free
No Pay due to Insufficient Funds from Account to:
Loans, Finances, Credit Cards and Others
AED 26.25
Mortgage Loan
AED 26.25
No Pay due to Insufficient Funds by Credit Cards:
Others
Free

 

Certificates
Account balance certificate AED 52.50 
No liability certificate AED 63
Audit confirmation AED 105
Account closure certificate (release letter) AED 52.50
Economic department certificate AED 105
Credit enquiry with UAE Banks AED 52.50
Liability letter issued for personal accounts to Govt. Departments, Embassies
and financial institutions
AED 63

 

Safe deposit locker charges
Size Rent per annum Security Deposit* 
Small AED 1,050 AED 2,000
Medium AED 1,312.50 AED 5,000
Large AED 2,100 AED 7,000
X Large AED 2,625 AED 10,000
XX Large AED 3,675 AED 20,000
XXX Large AED 5,250 AED 25,000 
*T&Cs apply

Courier charges
Within same Emirate AED 31.50 
Other Emirates AED 52.50
Within Gulf countries AED 105
Other countries AED 157.50
General postage to all countries AED 15.75

 

Other charges
 Monthly e-statement Free
Ad-hoc Request for statement of account AED 26.25 -per month requested
Cheque photocopy less than one year AED 10.50 over one year AED 21
Returned cheques charges due to non-sufficient Funds AED 105
Standard cheque books Free first cheque book on opening account; additional cheque book: AED 1.05 per leaf + courier charges. Subject to a minimum charge of AED 21

 

Salary Advance (Excl. VAT)
Processing Fee (One time) A. AED 313.95 for salary advance amount <= AED 30,000
B. AED 523.95 for salary advance amount > AED 30,000
Over-limit Fee (Monthly) 1.00% applicable on the over-limit amount (VAT is applicable) (Minimum AED 210)
Over-due Fee (Monthly) 1.17% applicable on the outstanding amount post Salary Advance Limit Expiry (Mini) (VAT is applicable)

Investments
   Bonds / Sukuks Funds Equities / ETFs
Transaction Fee     
Subscription (one time, based on transaction value)  Upto 3% Upto 3% Upto 1%
Redemption (one time, based on transaction value) Upto 1% None Upto 1%
Custody Fee (annual, charged 6-monthly, based on AUMs) Upto 0.25% pa None Upto 0.25% pa
Leverage Cost
   
Fee (one time) None None NA
Interest Rate (reset every 6 months) 6mLibor+1% 6mLibor+1% NA

Disclaimer

All fees and charges mentioned are subject to change from time to time at the sole discretion of Commercial Bank of Dubai without prior notification. Charges for services not indicated in this List of Fees and Charges are available on request. As per the Federal Tax Authority and UAE Central bank regulation, an additional 5% VAT will be applicable on selected items.
# Products and services where VAT is not applicable.Additional expenses, e.g. postage, cable, courier, fax, legal fees, etc. will be charged for, where incurred.

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