Accounts

Current and Savings Accounts


Classic / Select (in AED) Advantage (AED)
Average monthly minimum balance 3,000 AED 100,000 or Salary Transfer of AED 15,000
**Fall below fee (Applicable if Avg balance < AED 3,000) 26.25 26.25
Teller Charges (Transaction per month/fee) 6 free per month thereafter AED 10.50 30 free per month thereafter AED 10.50
Account closing charges (Before 12 months) 105 105
Dormant account charges Nil Nil
Utility Bill Payment: Over the Counter 10.50 10.50
SMS monthly fee 5.25 5.25

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

*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 25

Courier Charges


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

Remittances and Payments


Classic / Select (in AED) Advantage (AED)
Managers Cheque/Pay Order/Demand Draft
Issuance to customers/LCY 31.50 31.50
Amendments/ Cancellation LCY 52.50 52.50
Issuance to Customers/FCY 31.50 31.50
Amendments/ Cancellation FCY 52.50 52.50
Inwards from foreign currency/FCY
DD/ Cheque Free Free
TT Free Free
Cash LCY Free Free
Cash FCY Free Free
Same Currency Cash FCY 1% of funds deposited or withdrawn + VAT 1% of funds deposited or withdrawn + VAT
Outwards
TT Local (Through Branches) 5.25 5.25
TT Local (Through Online) 1.05 1.05
TT International when "OUR" or "SHA" is selected. AED 90 otherwise 94.50 78.75
FCY to countries other than FCY issuing country when "OUR" or "SHA" is selected. AED 100 otherwise 105 78.75
Correspondent bank fees* DD/TT As per actual correspondent bank charges
Standing Order - Setup Internal, External, Amendment, Cancellation, Execution & Non Execution 52.50 52.50
Fax Indemnity 262.50 262.50
Swift message copy Free Free
Insufficient Funds 26.25 26.25
Balance Order/SWEEP 252 252
Special Clearing - Inward 157.50 157.50
Special Clearing - Outward 105 105
Special Clearing - Outside Emirate 157.50 157.50

* 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)
Card Issuance Free Free
Issuance of Supplementary Card Free Free
Replacement of Lost or Stolen Card Free
(Effective 10th September 2021 AED 26.25 charges will apply)
Free
(Effective 10th September 2021 AED 26.25 charges will apply)
Replacing Secret PIN Code Free Free
UAE Switch (Per transaction) - Cash Withdrawal 2.10 2.10
UAE Switch (Per transaction) - Balance Inquiry / Declined Transaction 1.05 1.05
GCCNET (Per transaction) - cash withdrawal 6.30 6.30
GCC ATM Balancy Inquiry 3.15 3.15
Forex Charges* 2%* 2%*
Fee for using the ATM/Debit Card outside UAE 21 21
Overseas transaction in UAE Dirhams 1.99% 1.99%
Copy of Sales slip 26.25 26.25
*This fee is charged in addition to the standard processing fee charged by MasterCard International or Visa International and is applicable to transactions performed in any currency other than UAE Dirham (approximately 1.15% + VAT)

Documents & Statements


Classic / Select (in AED) Advantage (AED)
Account Balance Letter 52.50 52.50
Statement of Accounts (per month) Outside the cycle 27.50 Outside the cycle 27.50
No Liability Certificate 63 63
Liability letter issued to Govt. Dept & Embassies 63 63
Liability letter issued to financial institutions 63 63
Release letter 52.50 52.50
Other types of letters Audit confirmation letter: 157.50,
Others: 157.50
Audit confirmation letter: 157.50,
Others: 157.50

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

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