Fees & Charges



Fees & Charges

Al Maryah Community Bank LLC

Business Accounts

**(Revisions effective January 2, 2025)

SME/CorporatesBasic Account
(Charges are inclusive of VAT 5%)
Deposits & WithdrawalsAED
Min Initial DepositNil
Monthly Min Average BalanceNil
Annual FeeNil
Monthly FeeNil
Additional Fees for not maintaining min balanceNil
Cash Deposit at the branch teller (per transaction)52.50
Cash Withdrawal at the branch teller (per transaction)52.50
Incidental OD interest charge24% p.a (Min AED 210.00)
Cash Withdrawal from our own ATMsFree
Cash Withdrawals from other bank ATMs in UAE2.10
Cash / Cheque Deposit at Mbank Partner**5.25
Balance enquiry from other bank ATMs in UAE1.05
Fees for using ATM in GCC countries at GCC Net ATMs6.3
Balance enquiry from other bank ATMs in GCC3.15
International transaction fee plus scheme charges21.00
Balance enquiry internationally at Mastercard Network ATMs5.25
Fund Transfers – Within UAE
Transfer within own accounts – App/WebsiteFree
Transfer within own accounts – By Teller (bank’s counters)26.25
Transfer to another customer in the same bank – App/WebsiteFree
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
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 branch105.00
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 instructions26.25
Standing order cancellationFree
Sweep setup or cancellation charges21.00
DDS – Within UAE
DDS Client registration with Central Bank (One time)3150.00
DDS Setup105.00
DDS Amendment52.50
DDS Cancellation52.5
DDS Failure from account (Insufficient Funds)52.50
DDS failure from Credit CardsFree
DDS Stop Payment52.50
DDS Mandate recovery failure105.00
Fixed Deposits
Early withdrawal / Penalty for premature withdrawal1% p.a. less than the interest rate that is applicable for the actual tenor
Early withdrawal charges (Fixed)105.00
Cheque Services
First cheque bookFree
Additional cheque book (50 leaves)Additional cheque book – AED 3.15 per leaf plus courier charges. Min AED 21.00
Cheque clearing fees (Inward)Free
Cheque clearing fees (Outward)Free
Issue Manager’s Cheque / Demand Draft / Good for Payment78.75
Manager cheque sent by courier21
Special Clearing (Inward and Outward)AED 210 per cheque
Return cheques (Inward Clearing)367.50
Return cheques (Outward Clearing)Free
Post Dated Cheque Certified good for paymentAED 210.00 per cheque
Customized cheque booksAs per arrangement
Cheque deposit in Mbank ATMsFree
Physical cheque deposit in the branch teller21.00
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 year78.75
Retrieval of transaction record within one to three years210.00
Cheque Retrieval over three years old (Subject to availability)525.00
WPS
One Time Set-Up CostFree
Monthly Processing ChargesFree
WPS Transfer within MbankFree
WPS Transfer to Other Banks3.15 (Per transfer)
Non WPS Transfers to Other Banks31.50 (Per transfer)
Non WPS Transfers within MbankFree
Payroll StatementFree
WPS MOL ID Cancellation210.00
Business Debit Card
IssuanceFree
Early replacement / re-issuance of card26.25
Transaction fees at Own ATMs and CDMsFree
Daily Cash Withdrawal Limit100,000
Daily POS /E-Commerce limit150,000
UAE Switch (per transaction) Cash withdrawal2.10
UAE Switch (per transaction) Balance enquiry / Declined transaction1.05
Cash Withdrawal Fees outside GCC21
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 dirhams3% of transaction value + VAT
Physical Debit Card Issuance & Delivery**26.25
Post Dated Cheques
PDC Lodged for Collection10.50
PDC Withdrawal/Postponement21.00
PDC Returned ChequesFree
Other Account Services
Signed Manual Bank Statements Issued from Innovation Hub52.50
Account Closure within 3 MonthsNil
Account Closure after 3 Months105.00
Referral Letters210.00
Certificate of Balance105.00
Audit Confirmation – Email with PDF Attached157.50
Audit Confirmation – Letter with Original Signature262.50
Liability Letters to Financial Institutions, Banks or to Anybody Else525.00
Swift Copy for Outward Remittance52.50
Recall Funds (Where Possible from Innovation Hub Only)105.00
Courier charges for sending any document(s)/Cheques/Cheque booksAED 21.00
Miscellaneous
Valid Trade License Not Provided in 30 Days after Expiry157.50
Valid Trade License Not Provided in 60 Days after Expiry262.0
Valid Trade License Not Provided Evey 30 Days Thereafter262.50

General Note: **Revised Fees and Charges will be appliable from date January 2, 2025.