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Schedule of Charges

Disclaimer: With effect from 19th June`18, all fees & charges mentioned below are subject to additional 5% Value Added Tax (except the fee & charges where stated explicitly they are exclusive of VAT

  Current Account Current Gold
Initial Deposit AED 3,000 or equivalent in the case of a foreign currency account AUM *
Monthly Minimum Balance requirement or equivalent in the case of a foreign currency account AED 3,000 AUM*
Fall below fee AED 25 per month or equivalent in the case of a foreign currency account N/A
No of free transactions - other than ATM & Online 6 per month Unlimited
Additional transaction fee AED 10 N/A
Account closure charges (if closed within 1 year of opening) AED 100
Account Balance Letter AED 50
No Liability Certificate AED 60
Liability Letter AED 60
Release Letter AED 50

* Maintain a monthly salary transfer of AED 50,000 and/or monthly average relationship balance of AED 300,000 in deposits or investments and/or a mortgage loan relationship balance of AED 2,500,000. T&C apply.

  Savings Account Easy Saver
Initial Deposit AED 3,000 AED 500
Monthly Minimum Balance requirement AED 3,000 N/A
Fall below fee 25 per month N/A
No of free transactions - other than ATM & Online 6 per month Unlimited online transactions
Additional transaction fee AED 10  N/A
Account closure charges (if closed within 1 year of opening) AED 100 AED 100
Account Balance Letter AED 50 AED 50
No Liability Certificate AED 60 AED 60
Liability Letter AED 60 AED 60
Release Letter AED 50 AED 50
  All Other Accounts   MashreqGold
Regular Statement Free Quarterly Free Monthly
Additional Statement AED 25  Free
Description Term Investment A/c (Mudarabah) Wakala
Minimum Amount AED 10,000 AED 100,000
Maximum Amount No limit No limit
Tenor 1 month to 1 year 1 month to 1 year
Premature Withdrawal Rate Rate of last completed tenor Rate of last completed tenor
Partial Withdrawal Not allowed Not allowed
Profit Rate As disclosed by Bank every quarter As per Wakala Contract
  All other Account holders Mashreq Gold
Additional Cheque book request (First Cheque book complimentary)   AED 1 per leaf Free
Local Cheque Clearing - Normal   Free Free
Special Clearing   AED 205 AED 205
Foreign Currency Cheque collection   AED 50* AED 50*
Stop payment (per instrument/cheque)   AED 50 AED 50
Cheque returned - Drawn on own account   AED 100 AED 100
PDC custodial service   AED 5 per cheque AED 5 per cheque
Request for copy of Old Cheques/ Documents < = 1 year AED 10 AED 10
> 1 year AED 20 AED 20
*Plus Clearing/ Drawee bank charges and courier charges, if any.
  All other Account holders Mashreq Gold
Drafts / PO
Issuance Branch AED 30 AED 30
Electronic* AED 20 AED 20
Cancellation   Free Free
Wire Transfer
Outward Branch
International AED 75** AED 55**
Domestic AED 5** AED 5**
Electronic*
International AED 25** AED 25**
Domestic AED 1** AED 1**
Recall of TT Funds/ TT Return/ Investigation of TT Status   AED 50 AED 50
SWIFT copy charges   AED 15 AED 15
Inward Remittance (AED or Foreign Currency)   Free Free
*Transactions originating from Online and Mobile Banking
**Plus beneficiary bank and intermediary bank charges
Minimum of AED 50 or the fees below, whichever is higher:
Type of Transaction Personal Banking Mashreq Gold Private Banking
Same Currency FCY Withdrawal / Deposit of Cash <= AED 1,000,000 Eqvt 1.00% 1.00% 1.00%
Same Currency FCY Withdrawal / Deposit of Cash > AED 1,000,000 Eqvt 1.50% 1.50% 1.50%
Cross Currency FCY Withdrawal / Deposit Waived Waived Waived
    All other Account holders Mashreq Gold
Set-up/ Amendment Charges   AED 50 AED 50
Account to Account Transfer (within Mashreq UAE)   Free Free
SI not effected due to insufficient funds   AED 25 AED 25
Fund transfer through DD or PO or Wire Transfer   Please refer to "Remittance Charges" section
  All other Account holders Mashreq Gold
Access and Usage Fee Free Free
Bill Payment Fee Free Free
Enquiries and Online Statements Fee* Free Free
Mobile Alerts Fee Free Free
(*courier charges apply)
Description Charges
Lodgment of Direct Debit Authority Request 200
Direct Debit Authority Amendment 200
Direct Debit Authority Cancellation 200
Processing of Stop Payment Requests 200
DDR Return Due to insufficient funds 100
Bill Payment All other account holders Mashreq Gold
Utility (DEWA, SEWA, ADDC), Phone (Etisalat, Du) and Salik Branch Not available Not available
Electronic* Free Free
Non-Mashreq credit card Payments** Branch Not available Not available
Electronic* AED 10 AED 10
*Transactions originating from Internet Banking, Mobile Banking, SMS Banking and ATM
  All other Account holders Mashreq Gold/Private Banking*
Debit Card (initial)   Free Free
Supplementary Card    Free Free
(including Supplementary Card for Joint Accountholder)
Debit Card & Pin Mailer Replacement / Reissue Charge*   AED 25 Free
Debit Card Currency Conversion Fee***   ~ 2.00% ~ 2.00%
Cash Withdrawal Mashreq ATM's (in UAE) Free Free
Other banks ATM (in UAE) AED 2.00 Free
Other banks ATM (in GCC) AED 6.00 Free
Other banks ATM (Internationally) AED 20.00 Free
Balance Inquiry transactions Mashreq ATM's (in UAE) Free Free
Other banks ATM (in UAE) AED 1.00 AED 1.00
Other banks ATM (in GCC) AED 3.00 AED 3.00
Other banks ATM (Internationally) AED 3.00 AED 3.00
Declined transactions Mashreq ATM's (in UAE) Free Free
Other banks ATM (in UAE) AED 1.00 AED 1.00
Other banks ATM (in GCC) AED 3.00 AED 3.00
Other banks ATM (Internationally) AED 3.00 AED 3.00
Retrieval of sales slip   AED 25 AED 25
*Applicable only to Mashreq Gold & Private Banking Platinum Debit card members 
** Waived for PIN generation through PIN PAD machine in branch 
*** Excludes processing fee charged by the Association.
Finance Personal Finance Home Finance Car Finance
Profit Rate for Expatriate
(VAT not applicable)
3.32% to 19.61%
(Equivalent Reducing rate 6.25% to 31.99%)
Profit Rates linked to EIBOR 3.32% to 5.50%
(Equivalent Reducing rate 6.25% to 10.01%)
Profit Rate for Emirati
(VAT not applicable)
3.18% to 7.19%
(Equivalent Reducing rate 5.99% to 12.99%)
Profit Rates linked to EIBOR 3.25% to 5.50%
(Equivalent Reducing rate 5.95% to 10.01%)
Processing Fee (Exclusive of VAT) 1% of the finance amount 1% of the Finance Amount for Residential Financing 1% of the finance amount
Minimum AED 500   AED 500
Maximum AED 2500 Subject to offer AED 2500
Life (Takaful) Insurance charges (VAT not applicable) 1.25% of the finance amount 0.35% p.a. of the finance amount/Subject to offer N/A
Property (Takaful) Insurance charges N/A Up to 0.06% per annum of the property value /Subject to offer N/A
Additional Finance Facility charges (Exclusive of VAT) 1% of the additional amount 1% of the additional amount/Subject to offer N/A
Minimum AED 500   N/A
Maximum AED 2500   N/A
Postponement Fee
(Exclusive of VAT)
AED 100 per postponement N/A AED 100 per postponement
Late Payment Fee (Charity) (Exclusive of VAT) 2% of the delayed amount AED 700 2% of the delayed amount
Minimum AED 50   AED 50
Maximum AED 200   AED 200
Pre-termination Compensation (Exclusive of VAT)
Through other Banks
1% of the remaining balance or AED 10,000,
whichever is lower
3% of Remaining balance 1% of the remaining balance or AED 10,000,
whichever is lower
Additional Finance Facility 1% of the remaining balance or AED 10,000,
whichever is lower
2% of Remaining balance within 1st year and thereafter 1% N/A
Through own Sources 1% of the remaining balance or AED 10,000,
whichever is lower
2% of Remaining balance within 1st year and thereafter 1% 1% of the remaining balance or AED 10,000,
whichever is lower
Partial Settlement from all sources including EOSB 1% of the remaining balance or AED 10,000, whichever is lower Nil 1% of the remaining balance or AED 10,000, whichever is lower
Re-validation Fee N/A AED 500 N/A
Property Evaluation Fee (Exclusive of VAT) N/A AED 2500 N/A
Pre-approval Charges N/A AED 1000 N/A
Temporary/Permanent Release / Clearance Letter N/A AED 95 Nil
Liability Letter addressed to other Bank (Exclusive of VAT) AED 60 AED 85 AED 60
Change of Number Plate N/A N/A NIL (security deposit of AED 200 for individuals & AED 500 for companies)
Change of due date on standing instruction
(Exclusive of VAT)
Nil AED 500 AED 25
Change of PDC / Recovery Account Nil Nil Nil
Finance rescheduling fee (Exclusive of VAT) AED 250 N/A AED 250
Finance cancelation fee (Inclusive of VAT) AED 100 N/A AED 100
Agency Fee (Exclusive of VAT) AED 500 Subject to offer N/A
Other (finance copy, Issuing redemption statement, audit confirmation etc)
(Exclusive of VAT)
25 AED 500 Nil
Issuance of NOC (Exclusive of VAT) - AED 150 -
Property Swap admin fee- Including Valuation (Exclusive of VAT) - AED 1320 -
Non-standard statement production / copy of original documentation (Exclusive of VAT) - AED 100 -
Request of other letters (Exclusive of VAT) - AED 90 -
Other Certificate (Exclusive of VAT) - AED 75 -
Mashreq Al Islami Platinum Credit Card Charges (AED)
Principal Annual Fee AED 500
Monthly Tawarruq Profit rate Tawarruq Profit rate of 3.25% p.m. 
Monthly Tawarruq Profit Rate – Cash Advance Tawarruq Profit Cash rate of 3.09% p.m. 
Cash Advance Fee AED 100 per transaction
Supplementary Annual Fee No Charge
Card Replacement Fee (Primary or Supplementary) AED 200
Maintenance Fee No Charge
Minimum Payment At least 5% of the outstanding balance or AED 50
Auto Payment 5% or 100%
Tap and Go Sticker Replacement Fee Not Applicable
Returned Cheque Fee AED 300
Late Payment Penalty (To charity) AED 395
Over Limit Fee AED 279
Additional Copy of Statement AED 15
Foreign Currency Conversion Fee ~2.30% (in addition to the standard processing fee charged by MasterCard or Visa on foreign ccy transactions only)
International Transaction Fee 1.25%
SMS Service No Charge
Processing Fee for Profit Free EPP Offers 0%
Profit Free EPP (Installment Plan) Cancellation (only applicable for 0% EPP offers) AED 250
Credit Card Payment at Mashreq Branches AED 25
Credit Card Payment at 3rd Party Locations No Charge
International Card Delivery AED 200
Credit Shield (Takaful) Charged at 0.89% of the outstanding amount
Paper Statement Fee AED 5 (effective 20th June 2016)