Fees and Charges for Commercial Banking

Effective 28 February 2022, a monthly administration fee of AED 300 will be applicable towards customers who are not registered for digital channels.

Account Features	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Minimum Monthly Average Balance	AED 10,000	AED 250,000	AED 500,000	AED 10,000	AED 10,000
Fall below Fee (Per month)	AED 100	AED 350	AED 500	AED 250	AED 250
Monthly Maintenance Fee	AED 250	N/A	N/A	N/A	N/A

Account Maintenance Charges	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Account closure fee within 0-6 months of account opening	AED 150	AED 250	AED 500	AED 150	AED 150
Trade License (TL) Expiry Fee	AED 400	AED 400	AED 400	AED 400	AED 400

Teller Transaction	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Internal Fund Transfer	Free	Free	Free	Free	Free
Foreign Currency cash Deposit / Withdrawal	1% For All FCY currency	1% For All FCY currency	1% For All FCY currency	1% For All FCY currency	1% For All FCY currency
Teller Transaction	2 Free transactions per month, thereafter AED 10 per transaction	8 Free transactions per month, thereafter AED 10 per transaction	20 Free transactions per month, thereafter AED 10 per transaction	Free	Free
Bulk AED cash deposit at teller counter and cash deposit centers	0.10% for AED 0.50 Million up to AED 1 Million. 0.25% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free for up to AED 1 Million. 0.15% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free for up to AED 1 Million. 0.10% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free	Free
Bulk AED cash withdrawal at teller counter and cash deposit centers	0.10% for AED 0.50 Million up to AED 1 Million. 0.25% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free for up to AED 1 Million. 0.15% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free for up to AED 1 Million. 0.10% for amounts more than AED 1 Million aggregated across all branches and cash deposit centers on a daily basis.	Free	Free
3rd payment Cheque encashment per instrument	Free	Free	Free	Free	N/A
Cheque Deposit	Free	Free	Free	Free	Free

Remittances	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Inward Remittances in Local Currency	Free	Free	Free	Free	Free
Inward Remittances in Foreign Currency	Free	Free	Free	AED 15	AED 15
Outward Telex Transfer - Central Bank (UAE)	AED 50	AED 25	AED 20	AED 15	AED 30
Outward Telex Transfer - Other countries	AED 70	AED 60	AED 45	AED 50	AED 70
Outward Remittance - Cancellation/ Amendments	AED 30	AED 40	AED 35	AED 30	AED 40
Raising /Responding inquiries on behalf of customers	AED 30	AED 40	AED 35	AED 30	AED 40
Inward /Outward Swift Copy Charges	AED 20	AED 25	AED 20	AED 20	AED 25
Initiating a tracer of a payment to be changed to/ Cancellation of Remittance instruction (funds already remitted)	AED 30	AED 40	AED 35	AED 30	AED 40

Cheque Services	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Cheque Book Issuance charges	1st chq Book Free	Free	Free	1st chq Book Free	NA
Additional Cheque Book request	AED 1 per leaf	Free	Free	AED 1 per leaf	NA
Uncollected Cheque Book	AED 15	AED 15	AED 15	AED 10	NA
Cheque Returned Charges	AED 300	AED 300	AED 300	AED 300	NA
Stop Cheque (per request)	AED 100	AED 60	AED 30	AED 20	NA
Copies of Cheques/letters/other off- line documents available for last 5 years	AED 40	AED 35	AED 30	AED 35	NA
Collection of Cheques outside UAE	AED 100	AED 75	AED 50	AED 50	NA
Post Dated cheques deposit (per Cheque)	AED 15	AED 20	AED 15	AED 15	NA
Post Dated cheques Stop Payment (per cheque)	AED 75	AED 100	AED 75	AED 75	NA

Standing Instructions	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Standing Instructions set up charges	AED 50	AED 30	AED 20	AED 25	AED 30
Periodic Payment - Internally	Free	Free	Free	Free	Free
Periodic Payment - to another bank in UAE	AED 30	AED 25	AED 15	AED 15	AED 30
Periodic Payment -to a bank outside UAE	AED 70	AED 60	AED 50	AED 50	AED 70
Cancellation of Standing Instructions	AED 15	AED 15	AED 15	Free	AED 15
Amendment Charges	AED 10	AED 15	AED 15	AED 10	AED 15
Failed Standing Instruction	AED 10	AED 15	AED 15	AED 10	AED 15
Covering Instruction - set up	AED 30	AED 30	AED 30	AED 30	AED 30

Demand Drafts and Cashier's Order	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Demand Draft Issuance	AED 30	AED 20	AED 15	AED 20	AED 25
Demand Draft Amendments/ Cancellation /stop Payment	AED 100	AED 50	AED 30	AED 15	AED 20

Statement Charges	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Monthly Statement	Free	Free	Free	Free	Free
Duplicate Account Statement	AED 10 per page max of 200	AED 10 per page max of 200	AED 5 per page max of 200	Free	AED 10 per page max of 150

Bank Certificate /Letter Requests	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Handling charges for general investigations	AED 30	AED 30	AED 30	AED 25	AED 25
Under formation Letter	AED 750	AED 500	AED 250	AED 250	AED 250
A/C Closure Certificate	AED 150	AED 150	AED 150	AED 100	AED 100
Other letters (Good standard letter, account open date, ref letter showing the signature)	AED 150	AED 150	AED 150	AED 100	AED 100

Letter Requests	Email	Courier	Client Service Center
IBAN Letter	No charge	AED 200 + 5% VAT	AED 300 + 5% VAT
Reference Letter	No charge	AED 200 + 5% VAT	AED 300 + 5% VAT
Balance Confirmation Letter	No charge	AED 200 + 5% VAT	AED 300 + 5% VAT
Capital Letter	AED 100 + 5% VAT	AED 200 + 5% VAT	AED 300 + 5% VAT
Liability Letter	AED 100 + 5% VAT	AED 200 + 5% VAT	AED 300 + 5% VAT
No Liability Letter	AED 100 + 5% VAT	AED 200 + 5% VAT	AED 300 + 5% VAT

Debit Card	World Debit Commercial Card
Debit Card one time issuance fee	AED 100
Debit Card Replacement fee	AED 25
Daily ATM Cash withdrawal limit	AED 50,000
Daily POS Transaction Limit	AED 75,000
International Transaction Processing Fee**	2.61% of transaction value + Applicable scheme charges
Fee for using a Non-FAB ATM (per transaction)	Other banks' ATMs in the UAE: AED 2 Other banks' ATMs in the GCC: AED 6 Other banks' ATMs (internationally): AED 20
Balance Enquiry Transactions using ATM (per transaction)	FAB ATM: Free Other banks' ATMs in the UAE: AED 1 Other banks' ATMs in the GCC: AED 3
Copy of Sales slip	AED 25

Credit Card	Onyx Commercial Credit Card	Silver Commercial Credit Card
Annual Membership Fee	AED 2,500	AED 400
Supplementary Card Annual Membership Fee	AED 2,500	AED 400
Card Replacement Fee	AED 250	AED 75
Minimum monthly payment	5% of the total o/s or AED 100 whichever is higher	5% of the total o/s or AED 100 whichever is higher
Interest on Retail Purchases	3.99% per month	3.99% per month
Overlimit Fee	AED 300	AED 300
Late payment fee	AED 230	AED 230
Duplicate statement fee	AED 25	AED 25
International Transaction fee**	2.61% of transaction value + Applicable scheme charges	2.61% of transaction value + Applicable scheme charges
Payment due date	25 days from statement date	25 days from statement date
Liability letter fee	AED 150	AED 150
Cash Advance	Not Applicable	Not Applicable
Balance Transfer / Quick Cash	As per arrangement with Bank	As per arrangement with Bank

Channel Services: Internet Banking	Basic Account	Business Advantage	Business Preferred	Merchant Account	Call Account
Monthly Maintenance fee	AED 200	AED 150	Free	AED 200	AED 200
Token Issuance Fee (Per Token)	AED 100	AED 100	AED 100	AED 100	AED 100

**This fee will be in addition to the standard processing fee charged by Mastercard. Foreign currency purchases and ATM cash withdrawals are converted into AED by the card scheme (Mastercard or Visa) using their applicable exchange rates on the day the conversion is made.

*In line with the UAE's Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on Fee and Charges specified herein, wherever applicable as per UAE law.

Conventional Trade and working Capital tariff (effective from 1st October)

Islamic Trade and working Capital tariff (effective from 1st October)

*Click here for Mumayaz and Mumtaz accounts’ tariffs

*Please note that the document must be downloaded and opened with Adobe Reader.