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 |
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Bank Certificate/ Letter Requests |
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|
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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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|
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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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|
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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 |
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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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|
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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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