Fees & Charges
Al Maryah Community Bank LLC
Business Accounts
| SME/Corporates | Basic Account (Charges are inclusive of VAT 5%) |
| Deposits & Withdrawals | AED |
| Min Initial Deposit | Nil |
| Monthly Min Average Balance | Nil |
| Annual Fee | Nil |
| Monthly Fee | Nil |
| Additional Fees for not maintaining min balance | Nil |
| Cash Deposit with partner ATMs | Free |
| Cash Deposit at Exchange Houses (Al Ansari Exchange | Redha Al Ansari Exchange | Lulu Exchange | Lari Exchange) * | 5.25 * |
| Daily Cash Deposit limit | 100,000 |
| Monthly Cash Deposit limit | 500,000 |
| Cash Deposit at the branch teller (per transaction) | 52.50 |
| Cash Withdrawal at the branch teller (per transaction) | 52.50 |
| Incidental OD interest charge | 24% p.a (Min 210.00) |
| Cash Withdrawal from our own ATMs | Free |
| Cash Withdrawals from other bank ATMs in UAE | 2.10 |
| Balance enquiry from other bank ATMs in UAE | 1.05 |
| Fees for using ATM in GCC countries at GCC Net ATMs | 6.3 |
| Balance enquiry from other bank ATMs in GCC | 3.15 |
| International transaction fee plus scheme charges | 21.00 |
| Balance enquiry internationally at Mastercard Network ATMs | 5.25 |
| Fund Transfers – Within UAE | |
| Transfer within own accounts – App/Website | Free |
| Transfer within own accounts – By Teller (bank’s counters) | 26.25 |
| Transfer to another customer in the same bank – App/Website | Free |
| Transfer to another customer in the same bank or to other bank – By Teller (bank’s counters) | 52.50 |
| Transfer to other bank customer in UAE – App/Website IPI AED 50K only (SHA) | 0.525 |
| Transfer to other bank customer in UAE – App/Website IPI AED 50K only (BEN) | 0 |
| Transfer to other bank customer in UAE – App/Website IPI AED 50K only (OUR) | 1.05 |
| Transfer to other bank customer in UAE – App/Website FTS (SHA) | 2.63 |
| Transfer to other bank customer in UAE – App/Website FTS (BEN) (Money transferred is less the bank charges.) | 5.25 |
| Transfer to other bank customer in UAE – App/Website FTS (OUR) | 5.25 |
| Transfer funds with purpose code “SAL” | 52.50 |
| Charges for all other pupose codes for transfer | 3.15 |
| Standing Order – Within UAE | |
| Standard Order setup charges over App/Website (Transfer within Mbank) | Free |
| Standard Order setup charges over App/Website (Transfer to other bank) | 52.50 |
| Standard Order setup charges over App/Website (for Charity) | Free |
| Standard Order setup charges submitted in branch | 105.00 |
| Standing order execution (Transfer within Mbank) | Free |
| Standing order execution (Transfer to other bank) | As per Remittances Schedule of Charges |
| Standing order amendments (Transfer within Mbank) | Free |
| Standing order amendments (Transfer to other bank) | 26.25 |
| Insufficient balance while executing the standing order instructions | 26.25 |
| Standing order cancellation | Free |
| Sweep setup or cancellation charges | 21.00 |
| DDS – Within UAE | |
| DDS Setup | 105.00 |
| DDS Amendment | 52.50 |
| DDS Cancellation | 52.5 |
| DDS Failure from account (Insufficient Funds) | 52.50 |
| DDS failure from Credit Cards | Free |
| DDS Stop Payment | 52.50 |
| DDS Mandate recovery failure | 105.00 |
| Fixed Deposits | |
| Early withdrawal / Penalty for premature withdrawal | 1% p.a. less than the interest rate that is applicable for the actual tenor |
| Early withdrawal charges (Fixed) | 105.00 |
| Cheque Services | |
| First cheque book (Issuance of cheque books, including the free first book, requires a minimum statement balance of AED 10,000) | Free |
| Additional cheque book (50 leaves) | Additional cheque book – 3.15 per leaf plus courier charges. Min 21.00 |
| Cheque deposit with partner ATMs | Free |
| Cheque clearing fees (Inward) | Free |
| Cheque clearing fees (Outward) | Free |
| Issue Manager’s Cheque / Demand Draft / Good for Payment | 78.75 |
| Manager cheque sent by courier | 21 |
| Special Clearing (Inward and Outward) | 210 per cheque |
| Return cheques (Inward Clearing) | 367.50 |
| Return cheques (Outward Clearing) | Free |
| Post Dated Cheque Certified good for payment | 210.00 per cheque |
| Customized cheque books | As per arrangement |
| Cheque deposit in Mbank ATMs | Free |
| Physical cheque deposit in the branch teller | 21.00 |
| Stop cheque instructions – Call Centre (Supported by legal document) | 105.00 |
| Stop cheque instructions – At branch (Supported by legal document) | 105.00 |
| Stop cheque instructions – On App/Website (Supported by legal document) | 105.00 |
| Stop payment of lost cheque book (Supported by legal document) | 525.00 per book |
| Retrieval of transaction record within one year | 78.75 |
| Retrieval of transaction record within one to three years | 210.00 |
| Cheque Retrieval over three years old (Subject to availability) | 525.00 |
| WPS | |
| One Time Set-Up Cost | Free |
| Monthly Processing Charges | Free |
| WPS Transfer within Mbank | Free |
| WPS Transfer to Other Banks | 3.15 (Per transfer) |
| Non WPS Transfers to Other Banks | 31.50 (Per transfer) |
| Non WPS Transfers within Mbank | Free |
| Payroll Statement | Free |
| WPS MOL ID Cancellation | 210.00 |
| Bulk Transfer of funds with purpose code as “SAL” | 10.5 |
| Bulk Transfer File upload charges (per file) | 105 |
| Business Debit Card | |
| Issuance of First Card and all Additional Cards | 26.25* |
| Eligibility | Single Signatory |
| Early replacement / re-issuance of card | 26.25 |
| Transaction fees at Own ATMs and CDMs | Free |
| Daily Cash Withdrawal Limit | 100,000 |
| Daily POS /E-Commerce limit | 150,000 |
| UAE Switch (per transaction) Cash withdrawal | 2.10 |
| UAE Switch (per transaction) Balance enquiry / Declined transaction | 1.05 |
| Cash Withdrawal Fees outside GCC | 21 |
| International Transaction Fees for purchase in Non-UAE dirhams (This fee is charged in addition to the standard processing fee charged by MasterCard International) | 3% of transaction value + VAT |
| International Transaction Fees for purchase in UAE dirhams | 3% of transaction value + VAT |
| Post Dated Cheques | |
| PDC Lodged for Collection | 10.50 |
| PDC Withdrawal/Postponement | 21.00 |
| PDC Returned Cheques | Free |
| Other Account Services | |
| Signed Manual Bank Statements Issued from Innovation Hub | 52.50 |
| Account Closure within 3 Months | Nil |
| Account Closure after 3 Months | 105.00 |
| Referral Letters | 210.00 |
| Certificate of Balance | 105.00 |
| Audit Confirmation – Email with PDF Attached | 157.50 |
| Audit Confirmation – Letter with Original Signature | 262.50 |
| Liability Letters to Financial Institutions, Banks or to Anybody Else | 525.00 |
| Swift Copy for Outward Remittance | 52.50 |
| Recall Funds (Where Possible from Innovation Hub Only) | 105.00 |
| Courier charges for sending any document(s)/Cheques/Cheque books | 21.00 |
| Miscellaneous | |
| Valid Trade License Not Provided in 30 Days after Expiry | 157.50 |
| Valid Trade License Not Provided in 60 Days after Expiry | 262.0 |
| Valid Trade License Not Provided Evey 30 Days Thereafter | 262.50 |
* These are revised fees and charges will be effective from 2nd January 2025
Letters of Guarantee
Commission Calculation
Courier Charges AED 75 for all Issuance and Amendment transactions
| Margin (Cash Margin or Cash Collateral) Less than 100% | ||||
| Gurantee Type Options | Fixed Maturity | Open Ended / Auto | Amendment Commission | |
| LG Issuance – Contract Finance | Commission on Issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention, Maintenance, and Labour Guarantee) | 2 % per annum (Min 3 months)/ Min AED 500 | 2.25 % per annum (Min 3 months)/ Min AED 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of AED 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor) AED 500 |
| LG Issuance – Financial | Financial Guarantees | 2.25 % per annum (Min 3 months)/ Min AED 500 | 3 % per annum (Min 3 months)/ Min AED 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 3 % per annum (Min 3 months)/ Min AED 500 | 3 % per annum (Min 3 months)/ Min AED 500 | |
| 100% Cash Margin | ||||
| LG Issuance – Contract Finance | Commission on Issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention, Maintenance, and Labour Guarantee) | 1.60 % per annum (Min 3 months)/ Min AED 500 | 1.80 % per annum (Min 3 months)/ Min AED 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of AED 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor) AED 500 |
| LG Issuance – Financial | Financial Guarantees | 1.80 % per annum (Min 3 months)/ Min AED 500 | 2.40 % per annum (Min 3 months)/ Min AED 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 2.40 % per annum (Min 3 months)/ Min AED 500 | 2.40 % per annum (Min 3 months)/ Min AED 500 | |
| 100% Cash Collateral | ||||
| LG Issuance – Contract Finance | Commission on Issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention, Maintenance, and Labour Guarantee) | 1.80 % per annum (Min 3 months)/ Min AED 500 | 2.03% per annum (Min 3 months)/ Min AED 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of AED 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor) AED 500 |
| LG Issuance – Financial | Financial Guarantees | 2.03 % per annum (Min 3 months)/ Min AED 500 | 2.70 % per annum (Min 3 months)/ Min AED 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 2.70 % per annum (Min 3 months)/ Min AED 500 | 2.70 % per annum (Min 3 months)/ Min AED 500 | |
Import / Export - Fees & Charges
| LC Import | |||||||
| Commission | |||||||
| Type of LC | Commission | Min Commission | Handling Fee | Additional Handling Fee | Scrutiny Fee | Additional Charges | |
| LC Opening Commissions | All Domestic Non Revolving | 2% Per Annum (Min for 3 months) | AED 500 | AED 500 | AED 300 per page for large messages | Not Applicable | Not Applicable |
| Domestic Revolving | 2% Per Annum (Min for 3 months) | AED 500 | AED 500 | AED 300 per page for large messages | AED 500 | (1) 0.25% of revolved amount for each revolving transaction; Min AED 500 (2) Handling Fee of AED 500 for each revolved transaction | |
| Domestic Back to Back | 2% Per Annum (Min for 3 months) | AED 500 | AED 500 | AED 300 per page for large messages | AED 500 | Not Applicable | |
| SBLC | 3% Per Annum (Min for 3 months) | AED 500 | AED 500 | AED 300 per page for large messages | Not Applicable | Not Applicable | |
| LC Amendment Commissions | For Amount Increase | Same as Issuance | AED 500 | AED 500 | AED 300 per page for large messages | Not Applicable | Not Applicable |
| For Duration Increase | Same as Issuance | AED 500 | AED 500 | AED 300 per page for large messages | Not Applicable | Not Applicable | |
| For Clause and Condition change only | AED 500 | AED 500 | AED 500 | AED 300 per page for large messages | Not Applicable | Not Applicable | |
| LC Cancellation before Expiry | Before Expiry | Not Applicable | Not Applicable | AED 500 | Not Applicable | Not Applicable | Not Applicable |
| Import LC Bills | ||||||
| Fee / Commission Type | Fee / Commission Calculation | SWIFT Charges | Courier Charges | Recurrence | Interest | |
| Discrepancy Fee | USD 100 per Bill Presentation | AED 200 | Not Applicable | Interest recovered from the date of negotiation of documents abroad to the date of settlement | Rate as per arrangement | |
| Return of Discrepant Documents Unpaid / Unaccepted | USD 100 | AED 200 | Not Applicable | Not Applicable | Not Applicable | |
| Documents (Discrepant / Clean) safe custody fees (Held unpaid / uncleared after one month of presentation to customer) | AED 500 Per Month | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| LC Acceptance Commission | 1/4 % per month (3 % per annum); Charged for whole Usance period of the bill; Subject to a Minimum of AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Shipping Guarantees – Issuance Commission | ||||||
| SG issued against Sight LC against full Cash Margin (With or without margin) | AED 500 at Issuance | Not Applicable | AED 100 | Additional AED 200/- if shipping guarantee remains outstanding beyond one month | Not Applicable | Not Applicable |
| Shipping Guarantee issued for Usance LC | 0.16% of SG amount ; Min AED 500 | Not Applicable | AED 100 | Additional AED 200/- if shipping guarantee remains outstanding beyond one month | Not Applicable | Not Applicable |
| TR/ LAD / LCD Handling fees | ||||||
| Loan Booking Charges | AED 300 Flat | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Settlement Charges | AED 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Extension Charges | AED 300 | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest for extension period | Import Loan Interest will be as per Bank’s approval |
| In Case of Loan Past Due | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import Loan Interest will be as per Bank’s approval |
| Open A/C TR (OATR) Handling Fees | ||||||
| OATR Booking | 0.250% on TR amount; Subject to Minimum of AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| OATR Pre Settlement | AED 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| OATR Extension | AED 300 | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import Loan Interest will be as per Bank’s approval |
| OATR Past due | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import Loan Interest will be as per Bank’s approval |
| LC Related others Charges | ||||||
| Reimbursement Fee | USD 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Negotiation Commission | 0.16 % of Bill Amount; Subject to Min. AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Exchange Compensation fee for settling LC Documents in Foreign Currency | 0.25 % of Settlement amount; Subject to Min. AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Courier charge – local | AED 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Courier charge – International | AED 250 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| SWIFT Charges | AED 200 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Reminder charges | AED 100 per reminder – plus courier/ fax charges (charges merged for Local and International) | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Fax Charges (Local/ International) | AED 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Manager’s Cheque for agent commission | AED 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Export LC | ||||||
| Fee / Commission Type | Fee/ Commission Calculation | SWIFT Charges | Courier Charges | Scrutiny Fee | Interest | |
| EXPORT LC Advising Fee | Advising of LC to Customer | AED 400 | Not Applicable | AED 100 | Not Applicable | Not Applicable |
| Advising of LC to Non Customer | AED 500 | Not Applicable | AED 100 | Not Applicable | Not Applicable | |
| Advising LC Amendment to Customer | AED 300 | Not Applicable | AED 100 | Not Applicable | Not Applicable | |
| Advising LC Amendment to Non Customer | AED 400 | Not Applicable | AED 100 | Not Applicable | Not Applicable | |
| EXPORT LC Processing charges | Export LC Confirmation | Applicable commission as per arrangement with customer in consideration of Bank / Country risk withrt LC confirmation minimum commission AED 500/- | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Export documents negotiation / Handling commission | 0.25 % of Bill Amount; Subject to Minimum of AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export bill discounting | 0.25 % of Bill Amount; Subject to Minimum of AED 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export documents scrutiny fee for customer | AED 400/- per presentation | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export documents scrutiny fee for non customer | AED 500/- per presentation | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Payment of other bank’s reimbursement claim | AED 500/- per reimbursement | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Transfer of Export LC | Transfer of LC | 0.25 % of LC amount; Subject to Minimum of AED 500 | AED 500 | AED 100 | AED 500 | Not Applicable |
| Transfer of LC Amendment | 1) 0.25 % on Increase amount (if any); Subject to Minimum of AED 500 2) Other amendment AED 500 Flat per amendment | AED 300 | AED 100 | Not Applicable | Not Applicable | |
| Other Charges | Assignment of proceeds under export LC | AED 500 | AED 200 | Not Applicable | Not Applicable | Not Applicable |
| Courier charges – Local | AED 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Courier charges – International | AED 250 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| SWIFT Charges – Local/ International | AED 200 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Reminder charges – Local/ International | AED 100 per reminder | Not Applicable | AED 100 for Local AED 250 for International | Not Applicable | Not Applicable | |
| Fax Charges – Local/ International | AED 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |