Accounts

Current and Savings Accounts


Classic / Select (in AED) Advantage (AED) Frequency
Average monthly minimum balance 3,000 AED 100,000 or Salary Transfer of AED 20,000 NA
**Fall below fee (Applicable if Avg balance < AED 3,000) 26.25 26.25 monthly
Teller Charges (Transaction per month/fee) 6 free per month thereafter AED 10.50 30 free per month thereafter AED 10.50 per transaction
Account closing charges (Before 6 months) 105 105 per request
Dormant account charges Nil Nil NA
Utility Bill Payment: Over the Counter 10.50 10.50 per transaction
SMS monthly fee Free Free NA

*Free international TT per month (Correspondent Bank fees shall apply), 20% discount on lockers rental for Advantage Banking Salary Transfer. Click here to find more.

**Minor accounts, customers transferring their salary or holding an active finance are excluded.


Cheque Related Charges


Classic / Select (in AED) Advantage (AED) Frequency
Cheque book charges (10 leaves) First cheque book free, thereafter AED 26.25 First cheque book free, thereafter AED 26.25 per request
Uncollected cheque book Free Free NA
Cheque returned charges - Inward (Personal) 105 105 per instance
Cheque return - Inward (Return Reason "Represent after 3 working days") for every item responded
105+* 105+* per instance
Returned outward clearing cheques (Personal) Free Free NA
Cheque photocopy less than 1 year 10.50 10.50 per request
Cheque photocopy over 1 year 21 21 per request
Special Clearing - Inward 157.50 157.50 per request
Special Clearing - Outward 105 105 per request
Special Clearing - Outside Emirate 157.50 157.50 per request
Collection of cheques - Emirates with own branches Free Free per request
Collection of cheques - Remote areas Free Free per request
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

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


Direct Debit Charges


Non Payment due to insufficient funds 26.25 per instance

Courier Charges


Classic / Select (in AED) Advantage (AED)Frequency
AGCC 52.50 52.50 per request
Others 84 84 per request
Post 15.75 15.75 per request
Return Cheques drawn on Banks outside UAE-OCC Return Charges 52.50 52.50 per request
Stop Cheque Charges (per request) 52.50 52.50 per request

Remittances and Payments


Classic / Select (in AED) Advantage (AED) Frequency
Managers Cheque/Pay Order/Demand Draft
Issuance to customers/LCY 31.50 31.50 per request
Amendments/ Cancellation LCY 52.50 52.50 per request
Issuance to Customers/FCY 31.50 31.50 per request
Amendments/ Cancellation FCY 52.50 52.50 per request
Inwards from foreign currency/FCY
DD/ Cheque Free Free per request
TT Free Free per request
Cash LCY Free Free per request
Cash FCY Free Free per request
Same Currency Cash FCY 1% of funds deposited or withdrawn + VAT 1% of funds deposited or withdrawn + VAT per request
Outwards
TT Local (Through Branches) 5.25 5.25 per transaction
TT Local (Through Online) 1.05 1.05 per transaction
TT International when "OUR" or "SHA" is selected. AED 94.50 otherwise 94.50 78.75 per transaction
FCY to countries other than FCY issuing country when "OUR" or "SHA" is selected. AED 105 otherwise 105 78.75 per transaction
Correspondent bank fees* DD/TT As per actual correspondent bank charges per transaction
Standing Order - Setup Internal, External, Amendment, Cancellation, Execution & Non Execution 52.50 52.50 per instance
Fax Indemnity 262.50 262.50 per request
Swift message copy Free Free NA
Insufficient Funds 26.25 26.25 per instance
Balance Order/SWEEP 252 252 per request
Special Clearing - Inward 157.50 157.50 per request
Special Clearing - Outward 105 105 per request
Special Clearing - Outside Emirate 157.50 157.50 per request

* 1) As per correspondent bank charges
  2) Only "SHA" option is available for USD transfers as the Beneficiary will still be charged USD 20 + VATor as applicable from the correspondent bank. This excludes transfers to the USA.


ATM/Debit Cards


Classic / Select (in AED) Advantage (AED) Frequency
Card Issuance No Fee No Fee NA
Issuance of Supplementary Card No Fee No Fee NA
Replacement of Lost or Stolen Card 26.25 26.25 per request
Replacing Secret PIN Code No Fee No Fee NA
UAE Switch (Per transaction) - Cash Withdrawal 2.10 2.10 per transaction
UAE Switch (Per transaction) - Balance Inquiry / Declined Transaction 1.05 1.05 per transaction
GCCNET (Per transaction) - cash withdrawal 6.30 6.30 per transaction
GCC ATM Balance Inquiry 3.15 3.15 per transaction
Foreign currency transaction in non-UAE dirhams1 2% 2% per transaction
Fee for using the ATM/Debit Card outside UAE 21 21 per transaction
Foreign currency transaction in UAE dirhams2 1.99% 1.99% per transaction
Copy of Sales slip 26.25 26.25 per request
1This fee is charged on all foreign currency transactions on the Credit Card. This fee is charged in addition to the standard processing fee charged by Mastercard or Visa and is applicable to transactions performed outside UAE (approximately 1.15%).
2This fee is charged for transactions where customers may sometimes be offered the option to settle foreign currency transaction in UAE dirhams at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not the Bank (card issuer). This fee is charged in addition to the standard processing fee (approximately 1.15%) charged by MasterCard or Visa and mark-up fee charged by acquirer, if any .

Documents & Statements


Classic / Select (in AED) Advantage (AED) Frequency
Account Balance Letter 52.50 52.50 per request
Statement of Accounts (per month) Outside the cycle 26.25 Outside the cycle 26.25 per request
No Liability Certificate 63 63 per request
Liability letter issued to Govt. Dept & Embassies 63 63 per request
Liability letter issued to financial institutions 63 63 per request
Release letter 52.50 52.50 per request
Other types of letters Audit confirmation letter: 157.50,
Others: 157.50
Audit confirmation letter: 157.50,
Others: 157.50
per request

Notes:
****All charges, commissions and fees are inclusive of Value Added Tax or any other similar sales tax (VAT).