Fees & Charges

Transparency every step of the way

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

For CBD Al Islami Fees & Charges, please click here

Current / Savings Accounts
Minimum monthly average balance*
Breach of minimum balance (monthly)
AED 5,000AED 105 
USD 1,500USD 29.4
GBP 1,000GBP 21
EUR 1,000EUR 21
Digital Current Account
Minimum monthly average balance*Breach of minimum balance (monthly)**
AED 5,000AED 105
  
 Account in negative balanceAED 200 (or equivalent)
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 and CBD Private customers.
**Minimum balance fee waived for the month if any ONE criteria is met - Minimum monthly average balance, monthly salary transfer to CBD (minimum salary transfer of AED 5,000 or more, effective 1 August 2024) or active loan product (Personal Loan, Auto Loan or Mortgage), funded CBD Investr account linked to the CBD account, accounts opened as a bundled proposition with Credit Cards.
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 ATMNon CBD ATMDebit Card Purchase
DirectAED 10,000AED 5,000 per transactionAED 10,000
PersonalAED 20,000
(AED 15,000 effective 1 Dec 2023)
AED 5,000 per transactionAED 20,000
CBD ELITEAED 30,000AED 5,000 per transactionAED 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# The premature withdrawal of the Fixed Deposit shall render the deposit to be subject to 1% penal interest and premature withdrawal penalty as determined by the Bank from time to time.
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 chargesCharges 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 
Instant Remittance
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 account Free
 CBD credit card payment from CBD account  Free
Account to Account transfer 10.5N/A
Wallet Transfers  10.5N/A
Cash Pick-up 15.75N/A
Type of Transfers OnlineBranches
Swift/Telex 2184
Swift/Telex - Gulf Countries 15.7578.75
Inward Remittances
Inward Payments for Currency Accounts - USDEquivalent to AED 26.25
Inward Payments for Currency Accounts - EUREquivalent to AED 26.25
Inward Payments for Currency Accounts - GBPEquivalent to AED 26.25
Inward Payments for Currency Accounts - Other CurrenciesEquivalent 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)
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 insurance0.82% 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 Benefits1% (VAT is applicable); Max AED 10,500
Late payment penal interest charges Max AED 200
Issuance of liability letter to other banksAED 63

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

Overdraft
Revolving Overdraft Set-Up FeesAED 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
Nil
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 banksAED 63
Mortgages
Type of Services Segment/Parameters (Fees & Charges)
* Pre-Approval Fee SalariedAED 1,575
  Self-employedAED 2,100
  Non-residentAED 2,100 (for both Salaried and Self-employed)
  Brokers, Existing Elite with LOR >=1yr & Private Banking customers

Waived

Processing Fee NTB1% 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 Elite customers0.75% of Approved Loan/finance amount (VAT is applicable) with Minimum of AED 5,250 to existing Elite 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/finance Loan 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/finance1% 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 letterAED 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 chargesLiability letterAED 89.25
Reissuance of Clearance Letter AED 99.75
 Issuance of NOC to Rent Committee, RERA, Developer & any other Competent AuthorityAED 157.50
Revalidation of conditional approval / Pre-approval
AED 525 across all segments
Others chargesCopy of Repayment ScheduleAED 78.75
Copy of Offer Letter, mortgage Contracts and Title DeedAED 105 per document, per instance
Amendments to existing loan/finance structure(If requested by the borrower)AED 3,150
Property swaps administration feesAED Max 1386 (valuation included)
Request of any other lettersAED 94.50
Any other certificateAED 78.75
Non-standard statement production/copy of original documentationAED 105
Additional conditions referring to FeesAll 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 
OthersAED 5.25
Inward Amendment Request (Setup Confirmation)
Loans, Finances, Credit Cards, Mortgage Loan
AED 26.25 
OthersAED 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
Safe deposit locker charges
Size Rent per annumSecurity Deposit* 
Small AED 1,050AED 2,000
Medium AED 1,312.50AED 5,000
Large AED 2,100AED 7,000
X Large AED 2,625AED 10,000
XX Large AED 3,675AED 20,000
XXX Large AED 5,250AED 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 FundsAED 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 are inclusive of an additional 5% Value Added Tax (VAT) unless specified.
Bank reserves the right to revise the Fees & Interest Charges at any time by providing sixty (60) days prior written notice to your registered contact details

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