Schedule of Charges

TraderPro
Basic
Advance
Monthly Average Balance
NIL
NIL
AED 50,000
Fall Below Fee
NIL
NIL
AED 200 per month
Relationship Fee
AED 200 per month
AED 200 per month
NIL
Funds Transfer (in AED currency within UAE)
10 Free* monthly transaction & AED 2 afterwards
10 Free* monthly transaction & AED 2 afterwards
12 Free* monthly transaction & AED 2 afterwards
International or Local Funds Transfer in non-AED currency (Excluding Correspondent bank charges)
AED 20 per transaction
AED 20 per transaction
AED 50 per transaction
Account Closure Fee
Within 0-6 months AED 100
Over 6 months Waived
Within 0-6 months AED 100
Over 6 months Waived
Within 0-6 months AED 500
Over 6 months Waived
From Mashreq ATM Machines (UAE)
Waived
Waived
Waived
Non Mashreq ATM Balance Inquiry & Cash Withdrawal (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)
Reject Transactions (UAE)
AED 1
AED 1
AED 1
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
Branch Teller Charges
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)
Cheque Books
AED 1 (per leaf)
(Second cheque Book Onwards)
AED 1 (per leaf)
(Second cheque Book Onwards)
AED 1 (per leaf)
(Second cheque Book Onwards)
Salary Payment
AED 5 per record or AED 100 per file
(whichever is higher)
AED 5 per record or AED 100 per file
(whichever is higher)
AED 5 per record or AED 100 per file
(whichever is higher)
Demand Draft & Pay order issuance
AED 50
AED 50
AED 50
Bank Letters (IBAN / Balance Confirmation / Audit Letter)
AED 100
AED 100
AED 100
Funds Transfer Amendment / Cancellation
AED 100
AED 100
AED 100
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
Post Dated Cheque Management (Extension / Report / Replacement, etc.)
AED 100
AED 100
AED 100
Stop Payment (Cheque, Pay Order, Demand Draft)
AED 200
AED 200
AED 200

*For Free Fund transfer, charges will be reversed at the end of the month if monthly average balance is maintained. For Trader Pro and Basic – first 9 local fund transfers and first international fund transfer will be free. For Advance - first 11 local fund transfers and first international fund transfer will be free.