Fees & Charges - V1
Al Maryah Community Bank LLC
Business Accounts
| SME/Corporates | Basic Account (Charges are inclusive of VAT 5%) |
| Deposits & Withdrawals |  |
| Min Initial Deposit | Free |
| Monthly Min Average Balance | Free |
| Annual Fee | Free |
| Monthly Fee | Free |
| Additional Fees for not maintaining min balance | Free |
| Cash Deposit with partner ATMs | Free |
| Cash Deposit at Exchange Houses (Al Ansari Exchange | Redha Al Ansari Exchange | Lulu Exchange | Lari Exchange) * | 5.25 * |
| Daily Cash Deposit limit | 100,000 |
| Monthly Cash Deposit limit | 500,000 |
| 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 210.00) |
| Cash Withdrawal from our own ATMs | Free |
| Cash Withdrawals from other bank ATMs in UAE | 2.10 |
| 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  50K only (SHA) | 0.525 |
| Transfer to other bank customer in UAE – App/Website IPI 50K only (BEN) | Free |
| Transfer to other bank customer in UAE – App/Website IPI 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 transfer | 3.15 |
| 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 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 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 (Issuance of cheque books, including the free first book, requires a minimum statement balance of 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 ATMs | Free |
| 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) | 210 per cheque |
| Return cheques (Inward Clearing) | 367.50 |
| Return cheques (Outward Clearing) | Free |
| Post Dated Cheque Certified good for payment | 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 |
| 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 Cards | 26.25* |
| Eligibility | Single Signatory |
| 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 |
| 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 | Free |
| 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 | 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 |
* These are revised fees and charges will be effective from 2nd January 2025
Letters of Guarantee
Commission Calculation
Courier Charges 75 for all Issuance and Amendment transactions
| Margin (Cash Margin or Cash Collateral) Less than 100% | ||||
| Gurantee Type Options | Fixed Maturity | Open Ended / Auto | Amendment Commission | |
| LG Issuance – Contract Finance | Commission on Issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention, Maintenance, and Labour Guarantee) | 2 % per annum (Min 3 months)/ Min 500 | 2.25 % per annum (Min 3 months)/ Min 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor)
|
| LG Issuance – Financial | Financial Guarantees | 2.25 % per annum (Min 3 months)/ Min 500 | 3 % per annum (Min 3 months)/ Min 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 3 % per annum (Min 3 months)/ Min 500 | 3 % per annum (Min 3 months)/ Min 500 | |
| 100% Cash Margin | ||||
| LG Issuance – Contract Finance | Commission 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 500 | 1.80 % per annum (Min 3 months)/ Min 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor)
|
| LG Issuance – Financial | Financial Guarantees | 1.80 % per annum (Min 3 months)/ Min 500 | 2.40 % per annum (Min 3 months)/ Min 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 2.40 % per annum (Min 3 months)/ Min 500 | 2.40 % per annum (Min 3 months)/ Min 500 | |
| 100% Cash Collateral | ||||
| LG Issuance – Contract Finance | Commission 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 500 | 2.03% per annum (Min 3 months)/ Min 500 | For change in Amount or Tenor – Commission Calculation at same rates as Issuance, subject to minimum commission of 750. For change only in Terms and Conditions OR clauses (no change in Amount or Tenor)
|
| LG Issuance – Financial | Financial Guarantees | 2.03 % per annum (Min 3 months)/ Min 500 | 2.70 % per annum (Min 3 months)/ Min 500 | |
| LG Issuance – Others | Any other type of guarantee not covered above | 2.70 % per annum (Min 3 months)/ Min 500 | 2.70 % per annum (Min 3 months)/ Min 500 | |
Import / Export - Fees & Charges
| LC Import | |||||||
| Commission | |||||||
| Type of LC | Commission | Min Commission | Handling Fee | Additional Handling Fee | Scrutiny Fee | Additional Charges | |
| LC Opening Commissions | All Domestic Non Revolving | 2% Per Annum (Min for 3 months) | 500 | 500 | 300 per page for large messages | Not Applicable | Not Applicable |
| Domestic Revolving | 2% Per Annum (Min for 3 months) | 500 | 500 | 300 per page for large messages | 500 | (1) 0.25% of revolved amount for each revolving transaction; Min 500 (2) Handling Fee of 500 for each revolved transaction | |
| Domestic Back to Back | 2% Per Annum (Min for 3 months) | 500 | 500 | 300 per page for large messages | 500 | Not Applicable | |
| SBLC | 3% Per Annum (Min for 3 months) | 500 | 500 | 300 per page for large messages | Not Applicable | Not Applicable | |
| LC Amendment Commissions | For Amount Increase | Same as Issuance | 500 | 500 | 300 per page for large messages | Not Applicable | Not Applicable |
| For Duration Increase | Same as Issuance | 500 | 500 | 300 per page for large messages | Not Applicable | Not Applicable | |
| For Clause and Condition change only | 500 | 500 | 500 | 300 per page for large messages | Not Applicable | Not Applicable | |
| LC Cancellation before Expiry | Before Expiry | Not Applicable | Not Applicable | 500 | Not Applicable | Not Applicable | Not Applicable |
| Import LC Bills | ||||||
| Fee / Commission Type | Fee / Commission Calculation | SWIFT Charges | Courier Charges | Recurrence | Interest | |
| Discrepancy Fee | USD 100 per Bill Presentation | 200 | Not Applicable | Interest recovered from the date of negotiation of documents abroad to the date of settlement | Rate as per arrangement | |
| Return of Discrepant Documents Unpaid / Unaccepted | USD 100 | 200 | Not Applicable | Not Applicable | Not Applicable | |
| Documents (Discrepant / Clean) safe custody fees (Held unpaid / uncleared after one month of presentation to customer) | 500 Per Month | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| LC Acceptance Commission | 1/4 % per month (3 % per annum); Charged for whole Usance period of the bill; Subject to a Minimum of 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Shipping Guarantees – Issuance Commission | ||||||
| SG issued against Sight LC against full Cash Margin (With or without margin) | 500 at Issuance | Not Applicable | 100 | Additional 200/- if shipping guarantee remains outstanding beyond one month | Not Applicable | Not Applicable |
| Shipping Guarantee issued for Usance LC | 0.16% of SG amount; Min500 | Not Applicable | 100 | Additional 200/- if shipping guarantee remains outstanding beyond one month | Not Applicable | Not Applicable |
| TR/ LAD / LCD Handling fees | ||||||
| Loan Booking Charges | 300 Flat | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Settlement Charges | 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Extension Charges | 300 | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest for extension period | Import Loan Interest will be as per Bank’s approval |
| In Case of Loan Past Due | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import 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 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| OATR Pre Settlement | 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| OATR Extension | 300 | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import Loan Interest will be as per Bank’s approval |
| OATR Past due | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Additional 2% p.a. Interest as past due interest | Import Loan Interest will be as per Bank’s approval |
| LC Related others Charges | ||||||
| Reimbursement Fee | USD 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Negotiation Commission | 0.16 % of Bill Amount; Subject to Min. 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Exchange Compensation fee for settling LC Documents in Foreign Currency | 0.25 % of Settlement amount; Subject to Min. 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Courier charge – local | 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Courier charge – International | 250 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| SWIFT Charges | 200 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Reminder charges | 100 per reminder – plus courier/ fax charges (charges merged for Local and International) | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Fax Charges (Local/ International) | 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Manager’s Cheque for agent commission | 300 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Export LC | ||||||
| Fee / Commission Type | Fee/ Commission Calculation | SWIFT Charges | Courier Charges | Scrutiny Fee | Interest | |
| EXPORT LC Advising Fee | Advising of LC to Customer | 400 | Not Applicable | 100 | Not Applicable | Not Applicable |
| Advising of LC to Non Customer | 500 | Not Applicable | 100 | Not Applicable | Not Applicable | |
| Advising LC Amendment to Customer | 300 | Not Applicable | 100 | Not Applicable | Not Applicable | |
| Advising LC Amendment to Non Customer | 400 | Not Applicable | 100 | Not Applicable | Not Applicable | |
| EXPORT LC Processing charges | Export LC Confirmation | Applicable commission as per arrangement with customer in consideration of Bank / Country risk withrt LC confirmation minimum commission 500/- | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| Export documents negotiation / Handling commission | 0.25 % of Bill Amount; Subject to Minimum of 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export bill discounting | 0.25 % of Bill Amount; Subject to Minimum of 500 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export documents scrutiny fee for customer | 400/- per presentation | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Export documents scrutiny fee for non customer | 500/- per presentation | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Payment of other bank’s reimbursement claim | 500/- per reimbursement | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Transfer of Export LC | Transfer of LC | 0.25 % of LC amount; Subject to Minimum of 500 | 500 | 100 | 500 | Not Applicable |
| Transfer of LC Amendment | 1) 0.25 % on Increase amount (if any); Subject to Minimum of 500 2) Other amendment 500 Flat per amendment | 300 | 100 | Not Applicable | Not Applicable | |
| Other Charges | Assignment of proceeds under export LC | 500 | 200 | Not Applicable | Not Applicable | Not Applicable |
| Courier charges – Local | 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Courier charges – International | 250 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| SWIFT Charges – Local/ International | 200 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |
| Reminder charges – Local/ International | 100 per reminder | Not Applicable | 100 for Local 250 for International | Not Applicable | Not Applicable | |
| Fax Charges – Local/ International | 100 | Not Applicable | Not Applicable | Not Applicable | Not Applicable | |