Schedule of Charges

Schedule of Charges

SME Islamic Banking Account Management Services

ValuePremiumPlatinum
CURRENT ACCOUNTS(All figures in AED)(All figures in AED)(All figures in AED)
Monthly Average BalanceAED 10,000 or equivalent in other currenciesAED 150,000 or equivalent in other currenciesAED 350,000 or equivalent in other currencies
Fall Below FeeAED 250 p. m. or equivalent in other currenciesAED 400 p. m. or equivalent in other currenciesAED 600 p. m. or equivalent in other currencies
Cheque BookInitial 50 leafs : WaivedWaivedWaived
Additional : AED 1 per Cheque Leaf
Debit CardAED 100 per cardWaivedWaived
Debit Card replacementAED 75WaivedWaived
Transaction Fee (including Teller Transactions)Waived for All Transactions; AED 5 per transaction if monthly average balance is not metWaived for All Transactions; AED 5 per transaction if monthly average balance is not metWaived for All Transactions; AED 5 per transaction if monthly average balance is not met
Cash Handling ChargesAED cash transactions less than 1 Mil - NIL For AED 1 M or more 0.01% of cash value or AED 100 whichever is higherAED cash transactions less than 1 Mil - NIL For AED 1 M or more 0.01% of cash value or AED 100 whichever is higherWaived
Account StatementMonthly / Quarterly Statements: WaivedMonthly / Quarterly Statements: WaivedMonthly / Quarterly Statements: Waived
Daily Statement : AED 100 p.m.Daily Statement : AED 50 p.m.Daily Statement : AED 50 p.m
Weekly Statement : AED 50 p.m.Weekly Statement : AED 25 p.m.Weekly Statement : AED 25 p.m
Statement by Fax : AED 100 weeklyStatement by Fax : AED 50 per weekStatement by Fax : AED 50 per week
Duplicate Account StatementsLast 3 months : WaivedWaivedWaived
3-6 months,AED 50
6-9 months, AED 100
9-12 months, AED 150
More than 12 months, AED 250
WaivedWaived
Account Closure FeeWithin 0-6 months AED 100 Over 6 months WaivedLess than 6 months AED 250.
More than 6 months waived
Less than 6 months AED 400.
More than 6 months waived
Post Dated Cheques (PDC)
Extension of due date1010Waived
Custodial Service per cheque2020Waived
Outstanding PDC report2525Waived
Replacement/premature withdrawal per cheque2525Waived
Outward Clearing / Inter - City / Clean Collection
Inter -city clearing (IBCI)101010
Special Clearing
Within Same Emirates, per instrument100100100
In Other Emirates, per instrument150150150
Collection within UAE505050
Collection outside UAE100100100
Foreign Currency Cheques/Drafts Purchased100100100
Cheques Returned Unpaid
Inward clearing /book transfer300300300
Outward local Clearing/Inter - City/Clean Collection101010
Collection within UAE101010
Collection outside UAE202020
Miscellaneous Charges (Related to Cheques)
Request for photocopy/details of cheques-more than 3 months10050Waived
More than 6 months old200100Waived
Ad Hoc request for StatementLess than 6 months AED 100 More than 6 months AED 200WaivedWaived
Stop Payment per Cheque200100Waived
Stop Payment Max per Cheque500300Waived
Inward Remittances
Credit into Mashreq a/cFree if credited to beneficiary of MB AED A/C USD 5.5 Equivalent for FCYWaivedWaived
Credit account with other banks100100100
Paid by PO/DD505050
Credit into Mashreq a/c from Vostro a/c252525
Copy of Inward Remittance Swift MessageLess than 6 months AED 50
More than 6 months AED 150
Less than 6 months AED 50
More than 6 months AED 150
Waived
Outward Remittances
Draft/pay order Issuance252525
Request - stop payment pay order/DD100100100
Request - Issuance of duplicate PO/DD252525
Telex Transfer -UAE2010Waived
Telex Transfer - outside UAE604530
Additional Telex,if anyNo charge for MT 202WaivedWaived
Responding/raising inquiries on behalf of customers50WaivedWaived
Cancellation of remittance instructions(Funds already remitted)100100100
Cancellation of DD/PO (Original instrument presented)505050
Copy of outward remittance transmittedLess than 6 months AED 50
More than 6 months AED 150
WaivedWaived
TT returned due to discrepancy, per transaction505050
Swift copy charges,per Swift copy25WaivedWaived
Auto - fax of OTT/ITT advices (monthly charge)100WaivedWaived
Standing Orders (SO)
Setup, per SO10050Waived
Amendments, per SO5025Waived
PO Transaction Fee2010Waived
DD Transaction Fee3015Waived
TT Transaction Fee6030Waived
Insufficient funds to execute606060
Request - calling back funds remitted against standing instructions200100Waived
Copy of standing order instruction applicationLess than 6 months AED 50
More than 6 months AED 150
WaivedWaived
Standing order cancellation or suspension20 (per instance)WaivedWaived
OTHER MISCELLANEOUS
Trade License
Valid TL not provided within 30 days after expiry150150150
Valid TL not provided within 60 days after expiry250250250
Valid TL not provided every 30 days thereafter450450450
Bank Certificate/ Letter Requests, per Letter
Account Balance100WaivedWaived
Underformation Letters - Long Form675675675
Underformation Letters - Short Form300300300
Audit Confirmation Reports100100100
Certificate for A/C Closure150150150
Other reference letters/ confirmations (eg Ac conduct)100WaivedWaived
UAE Central Bank Switch & ATM Charges
From Mashreq ATM Machines (UAE)WaivedWaivedWaived
Non Mashreq ATM Cash Withdrawal (UAE)222
Non Mashreq ATM Balance Inquires ( UAE)111
Reject Transactions (UAE)111
GCC ATM usage666
International Transactions151515
Fax response to miscellaneous queries4040Waived
INTERNET BANKING
Mashreq Online (p.a.) for any payment option200WaivedWaived


Standard Tariffs Effective 1st May 2012

Islamic Business Financing

FinancingIslamic Business Financing
Profit Rate (p.a.)Rates linked to Mashreq Prime Rates (MPR)** Please visit www.mashreqbank.com for current MPR
Processing/ Issuance Fee1.35% of the Loan Amount
Insurance Charges0.65% of the Loan Amount p.a.
Postponement FeeN/A
Late Payment Fee/Cheque ReturnAED 300 per Installment
Permanent Release/ Clearance LetterAED 200
Cash/Cheque Collection FeeAED 25 / AED 10 per Transaction
Liability LetterUp to AED 500 per Letter
Change of PDC / Recovery AccountAED 100