Fees & Charges
Al Maryah Community Bank LLC
Business Accounts
**(Revisions effective January 2, 2025)
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 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 AED 210.00) |
Cash Withdrawal from our own ATMs | Free |
Cash Withdrawals from other bank ATMs in UAE | 2.10 |
Cash / Cheque Deposit at Mbank Partner** | 5.25 |
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 |
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 Client registration with Central Bank (One time) | 3150.00 |
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 | Free |
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 Payment | 78.75 |
Manager cheque sent by courier | 21 |
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 payment | AED 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 |
Business Debit Card | |
Issuance | Free |
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 |
Physical Debit Card Issuance & Delivery** | 26.25 |
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 | AED 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 |
General Note: **Revised Fees and Charges will be appliable from date January 2, 2025.