Corporate Banking Schedule of Charges

All charges below are exclusive of VAT (**). Click here for more details.

Account Services Over the counter
Teller Services - AED Cash Deposit/Local Cheque Deposit/ AED Cash Withdrawal/Internal Transfers Free
FCY Cash Deposits/Withdrawals 1% of cash deposit
Liability Letter AED 150 per request
No Liability Letter AED 150 per request
Balance Order AED 150 per request
Certificate of Balance AED 150 per request
Duplicate Statement AED 100 per request
Audit Confirmation AED 150 per request
Account Closure less than 6 months AED 200
Safe Custody Charges AED 200 per annum
 
Payments Over the counter smartBUSINESS
Transfers Free Free
Domestic Payments in AED AED 45 per transaction AED 25 per transaction
Foreign Currency Domestic Payments AED 75 per transaction AED 40 per transaction
Foreign Currency International Payments AED 75 per transaction AED 55 per transaction
Additional Telex/Tracer AED 75 per transaction N/A
Investigations/Amendment Requests AED 75 per transaction N/A
Payment Cancellation/Recall AED 75 per transaction N/A
Swift Copy (Outward Mt103) AED 15 per request Free
Inward Remittances Free N/A
FCY Inward Remittances Free N/A
Bulk Domestic Payments (smartBUSINESS only) N/A AED 15 per transaction
Bill Payments (smartBUSINESS only) N/A Free
Credit Card Payments (smartBUSINESS only) N/A Free
Non-WPS Salary Processing (smartBUSINESS only) N/A AED 2 per beneficiary (free for EI accounts)
WPS Salary Processing AED 55 per bank + AED 3 per beneficiary (free for EI accounts) AED 50 per file + AED 3 per beneficiary (free for EI accounts)
 
Clearing Cheques and Paper Instruments Over the counter
Chequebook request AED 25/50 per chequebook
Local Cheques Clearing Free
Special Clearing - Outward AED 50 per instrument
Special Clearing - Inward (proceeds by MC/DD) AED 50 per instrument
Special Clearing - Inward (proceeds through CBUAE) AED 50 per instrument
Cheque Return - Outward AED 100 per cheque
Cheque Return - Inward AED 100 per cheque
Cheque Return - Inward (return reason "Represent after 3 working days")* 4 cheques or less in 12-month period, first instance free and AED 200 for subsequent instances
More than 4 cheques in 12-month period, AED 200 per instance
Demand Draft/Manager's Cheques Issuance AED 10 per instrument
Demand Draft/Manager's Cheques Cancellation AED 50 per instrument
Duplicate Demand Draft/Manager's Cheque AED 10 per instrument
Stop Demand Draft/Cashier's Order AED 100 per instrument
Stop Cheque AED 50 per instrument
FCY cheque deposit 0.1% of cheque amount, min AED 50, max AED 500
Courier Charges AED 15
Customized Cheques / Special Chequebook At cost, by arrangement
 
PDC Warehousing Over the counter
PDC Deposit / Custodial Service AED 10 per PDC
PDC Postponement / Extension of due date AED 10 per PDC
PDC Withdrawal AED 10 per PDC
PDC Replacement AED 10 per PDC
Outstanding PDC Report AED 10 per request
Bulk PDC Warehousing By arrangement
 
Standing Instructions Over the counter
Standing Instruction Set Up / Amendment AED 50
Standing Instruction Cancellation / Suspension AED 50
Standing Instruction Failure AED 50
 
Pick Up and Delivery Services Charges
Cash Pick Up As per agreement
Cash Delivery As per agreement
Cash Deposit Center Services As per agreement
Cheque Pick Up As per agreement
 
Liquidity Management (smartBUSINESS only) smartBUSINESS
Multi-Bank Account Aggregation AED 250 per month
Liquidity Management Initial Set Up - Manual AED 10,000 per request
Liquidity Management Initial Set Up - smartBUSINESS AED 8,000 per request
Liquidity Management Amendment - Manual AED 2,000 per request
Liquidity Management Amendment - smartBUSINESS AED 1,500 per request
Cash Concentration - Daily Sweep AED 1000 per month
Cash Concentration - Weekly Sweep AED 500 per month
Cash Concentration - Monthly Sweep AED 250 per month
 
smartBUSINESS smartBUSINESS
smartBUSINESS Subscription AED 200 per month
Physical Security Token AED 250 per token
SMS Security Token Free
Password Reset - Bank reset AED 50 per request
Password Reset - Self reset Free
Additional Account Setup AED 100 per account post implementation

*Effective from 1 April 2015

The Bank reserves the right to vary its fees and cut off times without prior notice.