Fees & Charges



Fees & Charges

Al Maryah Community Bank LLC

Business Accounts

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 with partner ATMsFree
Cash Deposit at Exchange Houses (Al Ansari Exchange | Redha Al Ansari Exchange | Lulu Exchange | Lari Exchange) *5.25 *
Daily Cash Deposit limit100,000
Monthly Cash Deposit limit500,000
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 210.00)
Cash Withdrawal from our own ATMsFree
Cash Withdrawals from other bank ATMs in UAE2.10
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
Transfer funds with purpose code “SAL”52.50
Charges for all other pupose codes for transfer3.15
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 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 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 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 ATMsFree
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)210 per cheque
Return cheques (Inward Clearing)367.50
Return cheques (Outward Clearing)Free
Post Dated Cheque Certified good for payment210.00 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
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 Cards26.25*
EligibilitySingle Signatory
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
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 books21.00
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

* 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 OptionsFixed MaturityOpen Ended / AutoAmendment Commission
LG Issuance – Contract FinanceCommission 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 – FinancialFinancial Guarantees2.25 % per annum
(Min 3 months)/ Min AED 500
3 % per annum
(Min 3 months)/ Min AED 500
LG Issuance – OthersAny other type of guarantee not covered above3 % per annum
(Min 3 months)/ Min AED 500
3 % per annum
(Min 3 months)/ Min AED 500
100% Cash Margin
LG Issuance – Contract FinanceCommission 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 5001.80 % 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 – FinancialFinancial Guarantees1.80 % per annum (Min 3 months)/ Min AED 5002.40 % per annum (Min 3 months)/ Min AED 500
LG Issuance – OthersAny other type of guarantee not covered above2.40 % per annum (Min 3 months)/ Min AED 5002.40 % per annum (Min 3 months)/ Min AED 500
100% Cash Collateral
LG Issuance – Contract FinanceCommission 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 5002.03% 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 – FinancialFinancial Guarantees2.03 % per annum (Min 3 months)/ Min AED 5002.70 % per annum (Min 3 months)/ Min AED 500
LG Issuance – OthersAny other type of guarantee not covered above2.70 % per annum (Min 3 months)/ Min AED 5002.70 % per annum (Min 3 months)/ Min AED 500

Import / Export - Fees & Charges

LC Import
Commission
Type of LCCommissionMin CommissionHandling FeeAdditional Handling FeeScrutiny FeeAdditional Charges
LC Opening CommissionsAll Domestic Non Revolving 2% Per Annum (Min for 3 months)AED 500AED 500AED 300 per page for large messagesNot ApplicableNot Applicable
Domestic Revolving2% Per Annum (Min for 3 months)AED 500AED 500AED 300 per page for large messagesAED 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 Back2% Per Annum (Min for 3 months)AED 500AED 500AED 300 per page for large messagesAED 500Not Applicable
SBLC 3% Per Annum (Min for 3 months)AED 500AED 500AED 300 per page for large messagesNot ApplicableNot Applicable
LC Amendment CommissionsFor Amount IncreaseSame as IssuanceAED 500AED 500AED 300 per page for large messagesNot ApplicableNot Applicable
For Duration IncreaseSame as IssuanceAED 500AED 500AED 300 per page for large messagesNot ApplicableNot Applicable
For Clause and Condition change onlyAED 500AED 500AED 500AED 300 per page for large messagesNot ApplicableNot Applicable
LC Cancellation before ExpiryBefore ExpiryNot ApplicableNot ApplicableAED 500Not ApplicableNot ApplicableNot Applicable

Import LC Bills
Fee / Commission TypeFee / Commission CalculationSWIFT ChargesCourier ChargesRecurrenceInterest
Discrepancy FeeUSD 100 per Bill PresentationAED 200Not ApplicableInterest recovered from the date of negotiation of documents abroad to the date of settlementRate as per arrangement
Return of Discrepant Documents Unpaid / Unaccepted USD 100AED 200Not ApplicableNot ApplicableNot Applicable
Documents (Discrepant / Clean) safe custody fees (Held unpaid / uncleared after one month of presentation to customer)AED 500 Per MonthNot ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
LC Acceptance Commission1/4 % per month (3 % per annum); Charged for whole Usance period of the bill; Subject to a Minimum of AED 500Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Shipping Guarantees – Issuance Commission
SG issued against Sight LC against full Cash Margin (With or without margin)AED 500 at IssuanceNot ApplicableAED 100Additional AED 200/- if shipping guarantee remains outstanding beyond one monthNot ApplicableNot Applicable
Shipping Guarantee issued for Usance LC0.16% of SG amount ; Min AED 500Not ApplicableAED 100Additional AED 200/- if shipping guarantee remains outstanding beyond one monthNot ApplicableNot Applicable
TR/ LAD / LCD Handling fees
Loan Booking ChargesAED 300 FlatNot ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Settlement ChargesAED 300Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Extension ChargesAED 300Not ApplicableNot ApplicableNot ApplicableAdditional 2% p.a. Interest for extension periodImport Loan Interest will be as per Bank’s approval
In Case of Loan Past DueNot ApplicableNot ApplicableNot ApplicableNot ApplicableAdditional 2% p.a. Interest as past due interestImport 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 500Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
OATR Pre Settlement AED 300Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
OATR Extension AED 300Not ApplicableNot ApplicableNot ApplicableAdditional 2% p.a. Interest as past due interestImport Loan Interest will be as per Bank’s approval
OATR Past due Not ApplicableNot ApplicableNot ApplicableNot ApplicableAdditional 2% p.a. Interest as past due interestImport Loan Interest will be as per Bank’s approval
LC Related others Charges
Reimbursement Fee USD 100Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Negotiation Commission 0.16 % of Bill Amount; Subject to Min. AED 500Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Exchange Compensation fee for settling LC Documents in Foreign Currency 0.25 % of Settlement amount; Subject to Min. AED 500Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Courier charge – local AED 100Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Courier charge – International AED 250Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
SWIFT Charges AED 200Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Reminder charges AED 100 per reminder – plus courier/ fax charges (charges merged for Local and International) Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Fax Charges (Local/ International)AED 100Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable
Manager’s Cheque for agent commissionAED 300Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot Applicable

Export LC
Fee / Commission TypeFee/ Commission CalculationSWIFT ChargesCourier ChargesScrutiny FeeInterest
EXPORT LC Advising FeeAdvising of LC to Customer AED 400Not ApplicableAED 100 Not ApplicableNot Applicable
Advising of LC to Non Customer AED 500Not Applicable AED 100Not ApplicableNot Applicable
Advising LC Amendment to Customer AED 300Not Applicable AED 100Not ApplicableNot Applicable
Advising LC Amendment to Non Customer AED 400Not Applicable AED 100Not ApplicableNot Applicable
EXPORT LC Processing chargesExport LC Confirmation Applicable commission as per arrangement with customer in consideration of Bank / Country risk withrt LC confirmation minimum commission AED 500/-Not ApplicableNot ApplicableNot ApplicableNot Applicable
Export documents negotiation / Handling commission 0.25 % of Bill Amount; Subject to Minimum of AED 500Not Applicable Not ApplicableNot ApplicableNot Applicable
Export bill discounting 0.25 % of Bill Amount; Subject to Minimum of AED 500Not Applicable Not Applicable Not ApplicableNot Applicable
Export documents scrutiny fee for customer AED 400/- per presentationNot Applicable Not ApplicableNot ApplicableNot Applicable
Export documents scrutiny fee for non customerAED 500/- per presentationNot Applicable Not ApplicableNot ApplicableNot Applicable
Payment of other bank’s reimbursement claimAED 500/- per reimbursementNot Applicable Not ApplicableNot ApplicableNot Applicable
Transfer of Export LCTransfer of LC 0.25 % of LC amount; Subject to Minimum of AED 500AED 500AED 100AED 500Not Applicable
Transfer of LC Amendment1) 0.25 % on Increase amount (if any); Subject to Minimum of AED 500
2) Other amendment AED 500 Flat per amendment
AED 300 AED 100Not ApplicableNot Applicable
Other ChargesAssignment of proceeds under export LC AED 500AED 200Not ApplicableNot ApplicableNot Applicable
Courier charges – LocalAED 100Not Applicable Not ApplicableNot ApplicableNot Applicable
Courier charges – InternationalAED 250Not Applicable Not ApplicableNot ApplicableNot Applicable
SWIFT Charges – Local/ InternationalAED 200Not Applicable Not ApplicableNot ApplicableNot Applicable
Reminder charges – Local/ InternationalAED 100 per reminderNot Applicable AED 100 for Local
AED 250 for International
Not ApplicableNot Applicable
Fax Charges – Local/ InternationalAED 100Not Applicable Not ApplicableNot ApplicableNot Applicable