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Key Charges
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|
|
|
| Monthly Average Balance |
NIL |
NIL |
AED 50,000 |
| Fall Below Fee |
NIL |
NIL |
AED 200 per month |
| Monthly Maintenance Fee |
AED 200 per month |
AED 200 per month |
NIL |
| Cheque Book |
AED 1 (per leaf)
(Second cheque Book Onwards) |
AED 1 (per leaf)
(Second cheque Book Onwards) |
AED 1 (per leaf)
(Second cheque Book Onwards) |
| Account Closure Fee |
Within^ 6 months AED 100; Over 6 months Waived |
Within^ 6 months AED 100; Over 6 months Waived |
Within^ 6 months AED 500; Over 6 months Waived |
^ Charges waived in case of closure within cooling-off period of 5- working days
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Remittance
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| Local Funds Transfer (in AED currency within UAE) |
9 Free* monthly transaction & AED 2 afterwards |
9 Free* monthly transaction & AED 2 afterwards |
11 Free* monthly transaction & AED 2 afterwards |
| International or Local Funds Transfer in non-AED currency (Excluding Correspondent bank charges) |
1 Free* monthly transaction & AED 20 per afterwards |
1 Free* monthly transaction & AED 20 per afterwards |
1 Free* monthly transaction & AED 50 per afterwards |
*For Free Fund transfer, charges will be reversed at the end of the month if monthly average balance is maintained.
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Debit Card Charges
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| Debit Card |
Free |
Free |
Free |
| Debit Card Replacement |
Waived |
Waived |
Waived |
| Debit Card Currency Conversion Fee** |
~ 2% |
~ 2% |
~ 2% |
| Cash withdrawal-Mashreq ATM (in UAE) |
Waived |
Waived |
Waived |
| Cash withdrawal-Non Mashreq ATM (in UAE) |
10 Free per month (Thereafter AED 2 per transaction) |
10 Free per month (Thereafter AED 2 per transaction) |
10 Free per month (Thereafter AED 2 per transaction) |
| Cash withdrawal (Within GCC outside UAE) |
AED 6 per transaction |
AED 6 per transaction |
AED 6 per transaction |
| Cash withdrawal (Outside GCC) |
AED 20 per transaction |
AED 20 per transaction |
AED 20 per transaction |
| Balance Enquiry-Mashreq ATM (in UAE) |
Waived |
Waived |
Waived |
| Balance Enquiry-Non Mashreq ATM (in UAE) |
10 Free per month (Thereafter AED 1 per transaction) |
10 Free per month (Thereafter AED 1 per transaction) |
10 Free per month (Thereafter AED 1 per transaction) |
| Balance Enquiry (Within GCC outside UAE) |
AED 3 per transaction |
AED 3 per transaction |
AED 3 per transaction |
| Balance Enquiry (Outside GCC) |
AED 3 per transaction |
AED 3 per transaction |
AED 3 per transaction |
| Declined Transactions (in UAE) |
AED 1 per transaction |
AED 1 per transaction |
AED 1 per transaction |
| Declined Transactions (in GCC & International) |
AED 3 per transaction |
AED 3 per transaction |
AED 3 per transaction |
** This includes fee charged on international transactions done in AED
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| Other Miscellaneous |
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Branch Teller Charges
(Cash/Cheque/Fund Transfer) |
2% of Transaction amount or
AED 200
(whichever is higher) |
2% of Transaction amount or
AED 200
(whichever is higher) |
2% of Transaction amount or
AED 200
(whichever is higher) |
| Duplicate Account Statements |
AED 100 per statement |
AED 100 per statement |
AED 100 per statement |
| Daily charges upon account being overdrawn |
AED 100 per day |
AED 100 per day |
AED 100 per day |
| Valid TL not provided within 30 days after expiry |
AED 300 per month |
AED 300 per month |
AED 300 per month |
|
| Bank Certificate/ Letter Requests |
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|
| Balance Confirmation Letters |
AED 100 |
AED 100 |
AED 100 |
| Under formation Letters - Long Form |
AED 675 |
AED 675 |
AED 1000 |
| Under formation Letters - Short Form |
AED 300 |
AED 300 |
AED 1000 |
| Audit Confirmation Reports |
AED 100 |
AED 100 |
AED 100 |
| Certificate for Account Closure |
AED 150 |
AED 150 |
AED 150 |
| Other reference letters/ confirmations (e.g. Ac conduct) |
AED 100 |
AED 100 |
AED 100 |
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| Other Remittance Charges |
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| Credit into NEOBiz A/C |
Waived |
Waived |
Waived |
| Credit account with other banks |
AED 100 |
AED 100 |
AED 100 |
| Credit into Mashreq a/c from Vostro a/c |
AED 25 |
AED 25 |
AED 25 |
| Copy of Outward Remittance |
AED 150 (Less than 6 months AED 50) |
AED 150 (Less than 6 months AED 50) |
AED 150 (Less than 6 months AED 50) |
| Demand Draft & Pay order issuance |
AED 50 |
AED 50 |
AED 50 |
| Request - stop payment pay order/DD |
AED 200 |
AED 200 |
AED 200 |
| Cancellation of DD/PO |
AED 50 |
AED 50 |
AED 50 |
| Paid by PO/DD |
AED 50 |
AED 50 |
AED 50 |
| TT returned due to discrepancy, per transaction |
AED 50 |
AED 50 |
AED 50 |
| Funds Transfer Amendment / Cancellation |
AED 100 |
AED 100 |
AED 100 |
| Auto - fax of OTT/ITT advices (monthly charge) |
AED 100 |
AED 100 |
AED 100 |
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| Standing Orders |
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|
| Setup, per SO |
AED 100 |
AED 100 |
AED 100 |
| Amendments, per SO |
AED 50 |
AED 50 |
AED 50 |
| PO Transaction Fee |
AED 20 |
AED 20 |
AED 20 |
| DD Transaction Fee |
AED 30 |
AED 30 |
AED 30 |
| TT Transaction Fee |
AED 60 |
AED 60 |
AED 60 |
| Insufficient funds to execute |
AED 60 |
AED 60 |
AED 60 |
| Request - calling back funds remitted against standing instructions |
AED 60 |
AED 60 |
AED 60 |
| Copy of standing order instruction application |
AED 150 (less than 6 months AED 50) |
AED 150 (less than 6 months AED 50) |
AED 150 (less than 6 months AED 50) |
| Standing order cancellation or suspension |
AED 20 (per instance) |
AED 20 (per instance) |
AED 20 (per instance) |
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| Post Dated Cheques (PDC) |
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| Extension of due date |
AED 100 |
AED 100 |
AED 100 |
| Custodial Service per cheque |
AED 100 |
AED 100 |
AED 100 |
| Outstanding PDC report |
AED 100 |
AED 100 |
AED 100 |
| Replacement/premature withdrawal per cheque |
AED 100 |
AED 100 |
AED 100 |
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| Miscellaneous Charges (related to Cheques) |
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|
| Request for photocopy / details of cheques-less than 6 months |
AED 100 |
AED 100 |
AED 100 |
| More than 6 months old |
AED 200 |
AED 200 |
AED 200 |
| Stop Payment per Cheque |
AED 200 |
AED 200 |
AED 200 |
| Stop Payment Max per Cheque |
AED 500 |
AED 500 |
AED 500 |
Partial Cheque Payment
(per withdrawal against cheques issued by you) |
AED 5.25 |
AED 5.25 |
AED 5.25 |
|
| WPS Payroll Service (Please check the Employer ID with Ministry of Labor before using this service) |
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| To Mashreq Bank account |
AED 5 per record
Minimum AED 100 per SIF file |
AED 5 per record
Minimum AED 100 per SIF file |
AED 5 per record
Minimum AED 100 per SIF file |
| To Other Bank account |
AED 5 per record
Minimum AED 100 per SIF file |
AED 5 per record
Minimum AED 100 per SIF file |
AED 5 per record
Minimum AED 100 per SIF file |
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| Non WPS Payroll |
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| To Mashreq Bank account |
Waived |
Waived |
Waived |
| To Other Bank account |
AED 10 per record
Minimum AED 50 per SIF file |
AED 10 per record
Minimum AED 50 per SIF file |
AED 10 per record
Minimum AED 50 per SIF file |
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| Outward Clearing/Inter-City/Clean Collection |
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| Inter-city Clearing (IBCI) |
AED 10 |
AED 10 |
AED 10 |
| Special Clearing |
AED 205 |
AED 205 |
AED 205 |
| Collection within UAE |
AED 50 |
AED 50 |
AED 50 |
| Collection outside UAE |
AED 100 |
AED 100 |
AED 100 |
| Foreign currency Cheque/Drafts Purchased |
AED 100 |
AED 100 |
AED 100 |
| Cheque Returned unpaid |
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| Inward Clearing/Book Transfer |
AED 350 |
AED 350 |
AED 350 |
| Outward Clearing/Inter-City/Clean Collection |
AED 50 |
AED 50 |
AED 50 |
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| Processing Fees for Foreign Currency Sale to Customers |
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| Minimun of AED 50 or the fees below, whichever is higher: |
| Type of transaction |
NeoBiz |
| Same Currency FCY Withdrawal/Deposit of Cash ≤ AED 1,000,000 Eqvt |
1.00% |
| Same Currency FCY Withdrawal/Deposit of Cash > AED 1,000,000 Eqvt |
1.50% |
| Cross Currency FCY Withdrawal/Deposit |
Waived |
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