Priority & Private Banking Fees and Charges

Schedule of Fees and Charges on Investment Accounts

	Priority Banking (AED)	Private Banking (AED)
Custody and Administration Fees
Custody	0.2625% per annum calculated daily based on the portfolio value and charged in arrears on quarterly basis	0.2625% per annum calculated daily based on the portfolio value and charged in arrears on quarterly basis
Administration services	Any additional costs charged by our custodian for the receipt or delivery of securities will be debited from the client account	Any additional costs charged by our custodian for the receipt or delivery of securities will be debited from the client account
Wealth Management Fees
Wealth Management	No fee (Limited services)	Up to 1.575% per annum calculated daily, based on the portfolio value and charged in arrears on quarterly basis.
Transaction Fees on Different Securities/Commitment Fees "Hamish Jiddiyah"(Aapplicable Sukuk & Structured Products)
Equities and other Exchange Traded securities	Up to 2.10% of investment amount	Up to 2.10% of investment amount
Sukuk	Up to 3.15% of investment amount	Up to 3.15% of investment amount
Structured products	Please refer to the respective product’s term sheet	Please refer to the respective product’s term sheet
*Subject to minimum fee equivalent to USD 210
Funds Transaction Fees
Mutual Funds	Up to 5.25% of investment amount	Up to 5.25% of investment amount
Please refer to the prospectus of the respective funds. In case of any upfront fees for the respective fund no transaction fees will be charged.

*Subject to minimum fee equivalent to USD 210 and in addition to any fees changes by the fund provider.

The above fees apply to securities that are held with the Bank and include all charges and fees paid for the execution of the transaction through recognized counterparties of the Bank. Where applicable, taxes, bourse levies, Fund Managers fees and other third party fees will be charged separately.

All above fees and charges are subject to change at any time with notice to the customer.

All charges, commissions and fees are inclusive of Value Added Tax (VAT) or any other similar sales tax. These fees and charges are subject to change, which will apply from the effective date, specified by the Bank.

Current and Savings Accounts

	Priority Banking (AED)	Private Banking (AED)	Frequency
Average monthly minimum balance	AED 500,000 or Salary Transfer of AED 50,000 or above*	By invitation	NA
**Fall below fee (Applicable if Average balance < AED 3,000)	No Fee	No Fee	monthly
Teller charges (Transaction per month/fee)	Priority + : 45 complimentary per month thereafter AED 10.50 per transaction Other Priority Packages: 30 complimentary per month thereafter AED 10.50 per transaction	60 complimentary per month thereafter AED 10.50 per transaction	per transaction
Account closing charges (Before 6 months)	No Fee	No Fee	per request
Dormant account charges	No Fee	No Fee	NA
Utility bill payment: Over the Counter	10.50	10.50	per transaction
SMS monthly fee	No Fee	No Fee	NA

Wakala Deposits

	Priority Banking	Private Banking	Frequency
Wakeel/Wakala Fee	Priority +: No fee Other Priority Packages: AED 105	No fee	Per request

Cheque Related Fees/Charges

	Priority Banking	Private Banking	Frequency
Cheque book*	No fee	No fee	NA
Cheque Returned - Inward (Personal)	AED 105	No Fee	Per instance
Cheque Returned - Inward (Return Reason "Represent after 3 working days") for every item responded	AED 105+**	No Fee	Per instance
Cheque returned charges - Outward (Personal)	No fee	No fee	NA
Cheque photocopy less than 1 year	No fee	No fee	NA
Cheque photocopy over 1 year	No fee	No fee	NA
Special Clearing - Inward	No fee	No fee	NA
Special Clearing - Outward	No fee	No fee	NA
Special Clearing - Outside the Emirate	No fee	No fee	NA
Collection of cheques - Emirates with own branches	No fee	No fee	NA
Collection of cheques - Remote areas	No fee	No fee	NA
Collection of cheques - Drawn outside UAE/FCY (Commission + corresponding banking charges apply)	0.1% (Min. AED 52.50, max. AED 525 or equivalent FCY)	0.1% (Min. AED 52.50, max. AED 525 or equivalent FCY)	Per request
Stop Cheque Charges (per request)	No fee	No fee	NA
PDC Extension/Lodgement/Cancellation	No fee	No fee	NA

*As per the mandate from Central Bank of the UAE, cheque books issued during the first 6 months of opening the account could be limited to 10 leaves depending on the Individual’s rating with the credit bureau (AECB).

**Cheque returned charges AED 105 + Cheque Return with the code represent after 3 working days AED 105 = Total AED 210.

Direct Debit Charges

	Priority Banking (AED)	Private Banking (AED)	Frequency
AGCC	AED 26.25	AED 26.25	Per request

Courier Charges

	Priority Banking	Private Banking	Frequency
AGCC	No fee	No fee	NA
Others	No fee	No fee	NA
Post	No fee	No fee	NA
Returned Cheques Drawn on Banks Outside the UAE – OCC Return Charges	AED 52.50	AED 52.50	Per request

Remittances and Payments

	Priority Banking (AED)	Private Banking (AED)	Frequency
Managers Cheque/Pay Order/Demand Draft
Issuance to customers/LCY	2 complimentary per month then AED 21	No Fee	per request
Amendments/Cancellation LCY	No Fee	No Fee	per request
Issuance to Customers/FCY	2 complimentary per quarter then AED 31.50	No Fee	per request
Amendments/Cancellation FCY	No Fee	No Fee	per request
Inwards from foreign currency/FCY
DD/Cheque	No Fee	No Fee	per request
Telegraphic Transfers (TT)	No Fee	No Fee	per request
Cash LCY	No Fee	No Fee	per request
Cash FCY	No Fee	No Fee	per request
Same Currency Cash FCY	1% of funds deposited or withdrawn	No Fee	per request
Outwards
Telegraphic Transfers (TT) Local (Through Branches)	No Fee	No Fee	per transaction
Telegraphic Transfers (TT) Local (Through Online)	No Fee	No Fee	per transaction
Telegraphic Transfers (TT) International when "OUR" or "SHA" is selected. AED 94.50 otherwise	63	No Fee	per transaction
FCY to countries other than FCY issuing country when "OUR" or "SHA" is selected. AED 105 otherwise	63	No Fee	per transaction
Correspondent bank fees* DD/Telegraphic Transfers (TT)	As per actual correspondent bank charges	As per actual correspondent bank charges	per transaction
Standing Order - Setup Internal, External, Amendment, Cancellation, Execution & Non Execution	Complimentary for Individuals, 3 set-ups complimentary for company then AED 52.50	No Fee	per instance
Fax Indemnity	No Fee	No Fee	per request
Swift message copy	No Fee	No Fee	NA
Insufficient Funds	26.25	26.25	per instance
Balance Order/SWEEP	No Fee	No Fee	per request
Euro Maintenance Fee (For Companies only)	EUR 36.75	No Fee	per request

* 1) As per correspondent bank charges. - click here
2) Only "SHA" option is available for USD transfers as the Beneficiary will still be charged USD 21 or as applicable from the correspondent bank. This excludes transfers to the USA.

Debit Cards

Click here to view the Debit Cards Fees and Charges.

Documents & Statements Related Fees/Charges

	Priority Banking	Private Banking	Frequency
Account balance letter (Balance certificate)	No fee	No fee	NA
IBAN Letter	No fee	No fee	NA
Statement of accounts (Per month)	No fee	No fee	NA
No Liability Certificate	Click here to view the Cards Fees & Charges	No fee	per request
Liability letter issued to Govt. Dept & Embassies	Click here to view the Finance Fees & Charges	No fee	per request
Liability letter issued to financial institutions
Release letter
Other types of letters	Audit confirmation letter: AED 157.50 Others: AED 157.50	No fee	Per request

Miscellaneous Services

	Priority Banking	Private Banking
Trade license update/renewal	No fee	No fee
Noqodi e-voucher	AED 10.50	AED 10.50
Noqodi top-up	AED 21	AED 21
businessONLINE – Subscription	AED 210	No fee
businessONLINE – GPSSA per file upload	AED 52.50	AED 52.50
businessONLINE – Password reset	AED 52.50	AED 52.50
businessONLINE – Salary – Other bank transfer	AED 3.15	AED 3.15
businessONLINE – Salary per basket/per file	AED 105	AED 105
businessONLINE – WPS – Other bank	AED 3.15	AED 3.15
businessONLINE – WPS per basket/per file	AED 52.75	AED 52.75

All charges, commissions and fees are inclusive of Value Added Tax (VAT) or any other similar sales tax. These fees and charges are subject to change, which will apply from the effective date, specified by the Bank.

Priority and Private Banking Charges

Schedule of Fees and Charges on Investment Accounts

Current and Savings Accounts

Wakala Deposits

Cheque Related Fees/Charges

Direct Debit Charges

Courier Charges

Remittances and Payments

Debit Cards

Documents & Statements Related Fees/Charges

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