Savings Account

	Savings Account	Easy Saver
Initial Deposit	AED 3,000	AED 500
Monthly Minimum Balance requirement	AED 3,000	N/A
Fall below fee	AED 26.25 per month	N/A
No of free transactions - other than ATM & Online	6 per month	Unlimited online transactions
Additional transaction fee	AED 10.50	N/A
Account closure charges (if closed within 1 year of opening)	AED 105	AED 105
Account Balance Letter	AED 52.50	AED 52.50
No Liability Certificate	AED 63	AED 63
Liability Letter	AED 63	AED 63
Release Letter	AED 52.50	AED 52.50

Bank Statements

	All Other Accounts	MashreqGold
Regular Statement	Free Quarterly	Free Monthly
Additional Statement	AED 26.25	Free

Term Deposits

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

Cheques

		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 215.25	AED 215.25
Foreign Currency Cheque collection		AED 52.50*	AED 52.50*
Stop payment (per instrument/cheque)		AED 52.50	AED 52.50
Cheque returned - Drawn on own account		AED 105	AED 105
PDC custodial service		AED 5.25 per cheque	AED 5.25 per cheque
Request for copy of Old Cheques/ Documents	< = 1 year	AED 10.50	AED 10.50
	> 1 year	AED 21	AED 21
*Plus Clearing/ Drawee bank charges and courier charges, if any.

Remittance

		All other Account holders	Mashreq Gold
Drafts / PO
Issuance	Branch	AED 36.75	AED 36.75
	Electronic*	AED 21	AED 21
Cancellation		Free	Free
Wire Transfer
Outward	Branch
	International	AED 78.75**	AED 78.75**
	Domestic	AED 5.25**	AED 5.25**
	Electronic*
	International	AED 26.25**	AED 26.25**
	Domestic
Transfers through IPI		AED 0.5	AED 0.5
Transfers through UAEFTS		AED 0.5 **	AED 0.5 **
Recall of TT Funds/ TT Return/ Investigation of TT Status		AED 52.50	AED 52.50
SWIFT copy charges		AED 15.75	AED 15.75
Inward Remittance (AED or Foreign Currency)		Free	Free
*Transactions originating from Online and Mobile Banking
**Plus beneficiary bank and intermediary bank charges

Processing Fees for Foreign currency withdrawal & deposit to customers

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

Standing Instruction Order

		All other Account holders	Mashreq Gold
Set-up Charges		AED 52.50	AED 52.50
Amendment Charges		No charge	No charge
Account to Account Transfer (within Mashreq UAE)		Free	Free
SI not effected due to insufficient funds		AED 26.25	AED 26.25
Fund transfer through DD or PO or Wire Transfer		Please refer to "Remittance Charges" section

Mashreqonline/Mashreq Mobile Banking - Retail

	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)

UAEDDS PAYING BANK Charges

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

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

Debit Card

		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 Replacement Charge		AED 26.25	Free
Debit Card Currency Conversion Fee***		~ 2.00%	~ 2.00%
Cash Withdrawal	Mashreq ATM's (in UAE)	Free	Free
	Other banks ATM (in UAE) (Vat not applicable)	AED 2.00	Free
	Other banks ATM (in GCC) (Vat not applicable)	AED 6.00	Free
	Other banks ATM (Internationally)	AED 21.00	Free
Balance Inquiry transactions	Mashreq ATM's (in UAE)	Free	Free
	Other banks ATM (in UAE) (Vat not applicable)	AED 1.00	AED 1.00
	Other banks ATM (in GCC) (Vat not applicable)	AED 3.00	AED 3.00
	Other banks ATM (Internationally)	AED 3.15	AED 3.15
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) (inclusive of VAT)	AED 3.15	AED 3.15
Retrieval of sales slip		AED 25	AED 25
International Transaction Fee (DCC)		1.25%	1.25%
*Applicable only to Mashreq Gold & Private Banking Platinum Debit card members
*** Excludes processing fee charged by the Association.

Finance

With effect from January 2019 all fees & charges mentioned below are inclusive of 5% Value Added Tax unless stated not applicable in the bank SOCs as per taxation regulations

Finance	Personal Finance	Car Finance
Profit Rate for Expatriate (VAT not applicable)	3.45% to 19.61% (Equivalent Reducing rate 6.49% to 31.99%)	3.45% to 5.50% (Equivalent Reducing rate 6.49% to 10.01%)
Profit Rate for Emirati (VAT not applicable)	3.18% to 7.19% (Equivalent Reducing rate 5.99% to 10.01%)	3.45% to 5.50% (Equivalent Reducing rate 6.49% to 10.01%)
Processing Fee	1.05% of the finance amount	1.05% of the finance amount
Processing Fee for Additional Finance	1.05% of the finance amount	N/A
Life (Takaful) Insurance charges	1.3125% of the finance amount	N/A
Property (Takaful) Insurance charges	N/A	N/A
Postponement Fee	AED 105 per postponement	AED 105 per postponement
Late Payment Fee (Charity)	2% of the delayed amount	2% of the delayed amount
Minimum	AED 52.50	AED 52.50
Maximum	AED 210	AED 210
Pre-termination Compensation
Through other Banks	1.05% of settled amount or AED 10,500, whichever is lower	1.05% of settled amount or AED 10,500, whichever is lower
Additional Finance Facility	1.05% of settled amount or AED 10,500, whichever is lower	NA
Through own Sources	1.05% of settled amount or AED 10,500, whichever is lower	1.05% of settled amount or AED 10,500, whichever is lower
Partial Settlement from all sources including EOSB	1.05% of settled amount or AED 10,500, whichever is lower	1.05% of settled amount or AED 10,500, whichever is lower
Temporary/Permanent Release / Clearance Letter	N/A	Nil
Liability Letter addressed to other Bank	AED 63	AED 63
Change of Number Plate	N/A	NIL (security deposit of AED 200 for individuals & AED 500 for companies)
Change of due date on standing instruction	Nil	AED 26.25
Change of PDC / Recovery Account	Nil	Nil
Finance rescheduling fee	AED 262.50	AED 262.50
Finance cancelation fee	AED 105	AED 105
Agency Fee	AED 525	N/A
Other (finance copy, Issuing redemption statement, audit confirmation etc)	AED 26.25	Nil

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

Finance	Home Finance
Profit Rate for Expatriate (VAT not applicable)	Profit Rates linked to EIBOR
Profit Rate for Emirati (VAT not applicable)	Profit Rates linked to EIBOR
Processing Fee	1.05% of the Finance Amount for Residential Financing
Processing Fee for Additional Finance	1.05% of the additional amount/Subject to offer
Life (Takaful) Insurance charges (VAT not applicable)	0.35% p.a. of the finance amount/Subject to offer
Property (Takaful) Insurance charges (Service Agency Agreement)	Up to 0.063% per annum of the property value /Subject to offer
Postponement Fee	N/A
Late Payment Fee (Payable to Charity)	AED 735
Pre-termination Compensation
Through other Banks	3.15% of outstanding for first 5 years and 2.10% post 5 years.
Additional Finance Facility	NIL
Through own Sources	In case of settlement via Own funds/Sale of property 3.15%% of settlement amount during Fixed rate period. 2.10% of settlement amount within first 5 years post fixed rate period, thereafter 1.05% of the settlement amount
Partial Settlement from all sources including EOSB	NIL
Re-validation Fee	AED 525
Property Evaluation Fee	AED 2625
Pre-approval Charges	AED 1050
Temporary/Permanent Release / Clearance Letter	AED 99.75
Liability Letter addressed to other Bank	AED 89.25
Change of PDC / Recovery Account	Nil
Issuance of NOC	AED 157.5
Non-standard statement production / copy of original documentation	AED 105
Request of other letters	AED 94.5
Other Certificate	AED 78.75

Credit Card

Mashreq Al Islami Platinum Credit Card	Charges (AED)
Principal Annual Fee	AED 650 – Effective November 2018
Monthly Tawarruq Profit rate	Tawarruq Profit rate of 3.45% p.m. Effective November 2018
Monthly Tawarruq Profit Rate – Cash Advance	Tawarruq Profit cash rate of 3.75% p.m. Effective November 2018
Cash Advance Fee	AED 100 per transaction
Supplementary Annual Fee	AED 149 - Effective November 2018
Card Replacement Fee (Primary or Supplementary)	AED 75
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 230
Over Limit Fee	AED 279
Additional Copy of Statement	AED 15
Foreign Currency Conversion	Fee ~2.79% (in addition to the standard processing fee charged by MasterCard or Visa on foreign ccy transactions only)
International Transaction Fee	1.25% (2.79% - Effective 20th September 2018)
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