|
* Debit Card Replacement Fee is not applicable for CBD Elite & CBD Private Banking Customers ** This fee is charged in addition to the standard processing fee charged by Mastercard & Visa for transaction done in AED or in foreign currencies at merchant establishments (including physical and e-commerce merchants) that are domiciled outside the UAE *** Cash withdrawal fee of AED 2 shall be applicable for transactions after the free transactions **** Elite Banking customer’s get 1 Free cash withdrawal transaction every month, could be from GCC or any International ATM’s. Cash withdrawal fee of AED 6 & AED 20 shall be applicable from 2nd transaction onwards subject to location of the ATM. Executive Banking- Elite customers enjoy the same benefits as Elite customers.
***** Private Banking customers get 2 Free cash withdrawal transactions every month, could be from GCC or any International ATM’s. Cash withdrawal fee of AED 6 & AED 20 shall be applicable from 3rd transaction onwards subject to location of the ATM.
| Credit Cards |
|---|
| Annual Fee & Profit Rate (Primary Card) |
Card Type
|
Annual Fee |
Murabaha Profit Rate(Monthly)
|
Cash Advance Murabaha Profit (ATM withdrawal) |
| Visa Platinum | Free For Life | 2.25% | 2.25% |
| Visa Signature | AED 525* | 2.25% | 2.25% |
| Visa Infinite | AED 787.50* | 2.25% | 2.25% |
| | Visa Signature - Islamic Super Saver | AED 420** | 3.45% | 3.45% |
| Annual Fee (Supplementary Card) |
Free for Life |
| Card Replacement Fee |
AED 78.75 |
| Donation Amount (Late Payment) |
AED 157.5 |
| Cash Advance Fee (Maximum Withdrawal is AED 3,000 per transaction) |
AED 105 - VAT is applicable |
| Cheque Return Fee |
AED 200 |
| Credit Shield Insurance (Takaful) |
0.89% per month on the outstanding balance |
Foreign Transaction Fee
(in other currencies) |
2%*** (2.75% effective 01 Dec 2019) VAT is applicable |
Foreign Transaction Fee
(in AED) |
2%*** (2.75% effective 01 Dec 2019) |
| Copy of sales slip |
AED 26.25 |
| Liability letter issuance | AED 52.50 |
| Credit Cards - Cash on Call |
| Processing Fee | AED 150 (VAT is applicable) |
Murabaha Profit Rate
| Up to 1.09% flat per month |
Cancellation/ Early Settlement Fee
| Free |
| Tenure | Facility available from 3 months to 36 months | | Credit Cards - Revolving Balance Transfer |
| Processing Fee | Nil |
| Murabaha Profit Rate | Up to 0.89% flat per month |
| Cancellation/Early Settlement Fee | Free |
| Tenure | Facility available from 3 months to 36 months | | Installment Plans - Retail Transactions |
Processing Fee
| Free
|
Murabaha Profit Rate
| Up to 0.25% flat per month
|
| Cancellation Fee | Free |
* Free for 1st Year. Annual fee will be applicable only from 2nd year onwards
** Offered as first year free for new customers only. Existing CBD Al Islami cardholders applying for CBD Al Islami Super Saver card, the annual fee of AED 420 (including 5% VAT) will be applicable from first year onwards. Annual Fee of AED 840 (including 5% VAT) shall continue to apply for existing CBD Al Islami Super Saver Cardholders enrolled on or before 29-Feb-2020
*** This fee is charged in addition to the standard processing fee charged by Mastercard & Visa for transaction done in AED or in foreign currencies at merchant establishments (including physical and e-commerce merchants) that are domiciled outside the UAE.
Effective 01st Jan 2019, all Fees mentioned above for Credit Cards are subject to additional 5% Value Added Tax (VAT) except those which are explicitly stated as inclusive of VAT n
| Cash Online top up fees |
| Channel |
Fees |
| Online Wallet Top-Up | AED 26.25 |
| Teller (CBD Branches) |
AED 52.50 |
| Telex Transfer |
AED 52.50 (Excluding Transfer Charges) |
| Cheque |
AED 52.50
|
| Transactions fees on cash online |
| Services |
Fees |
General Directorate of Residency & Foreigners Affairs (GDRFA)
|
AED 10 |
Emirates Identity Authority (EIDA)
|
AED 2.63 |
Dubai Smart Government (DSG)
|
AED 3.16 |
E-Service for GDRFA (except Dubai)
|
AED 3.15 |
| E-Fawri for GDRFA (except Dubai) |
AED 3.15 |
| Dubai Ports World |
AED 5.25 |
Emaratech Payment (EMPAY)
|
AED 6.30 |
| NOQODI (via Direct Debit) |
AED 21 |
| NOQODI (via Teller) |
AED 52.50 |
| Cheques Collection |
| Postdated cheques deposited for collection |
AED 10.50 per cheque |
|
Cheque return charges
|
AED 26.25 plus correspondent charges |
| Stop payments charges per cheque |
AED 52.50 per cheque |
|
Special clearing cheque from other banks
|
AED 215.25 |
| Outward cheque collection ( Foreign currency) |
0.125% minimum AED 131.25 (VAT is applicable) |
| Standing Orders |
|
Standing Order - set up
|
AED 52.50 |
| Standing Order transaction charges |
Charges as per MC/DD Swift charges (VAT is applicable)
|
|
Non-Execution of S/O due
to lack of funds
|
AED 26.25 |
|
Standing Order amendment charges
|
AED 26.25 |
| Teller Services |
| Cash commission on foreign currency transactions |
1% of FCY amount, minimum AED 21 (VAT is applicable) |
| Teller services |
6 transactions free per month
(other than cash transactions); additional AED 10.50 per transaction
|
| Inward Remittances |
| Inward Payments for Currency Accounts - USD | Equivalent to AED 26.25 |
| Inward Payments for Currency Accounts - EUR | Equivalent to AED 26.25
|
| Inward Payments for Currency Accounts - GBP | Equivalent to AED 26.25 |
| Inward Payments for Currency Accounts - Other Currencies | Equivalent to AED 26.25
|
| UAEFTS Charges as per Central Bank (UAE Funds Transfer System) |
Remittance Charges if borne by the remitter and beneficiary (SHA Charge Code)
|
AED 1.05 |
Remittance Charges if borne by the beneficiary (BEN Charge Code)
|
AED 1.05
|
Remittance Charges if borne by the remitter (OUR Charge Code)
|
NIL |
| Outward Remittances |
| Manager’s Cheque Issuance |
AED 78.75 |
| Stop Payment of Manager’s Cheque |
AED 52.50 |
| Demand Draft Issuance |
AED 78.75 |
| Stop payment of Demand Draft |
AED 52.50 |
| SWIFT / Telex transfer |
| Gulf countries |
AED 78.75 at branch, AED 15.75 through Online/Mobile Banking; Correspondent Bank charges may apply |
| Other countries |
AED 84 at branch, AED 21 through Online/Mobile Banking; Correspondent Bank charges may apply |
| TT/SWIFT Cancellation |
AED 52.50; Correspondent Bank charges may apply |
| TT/SWIFT Recall |
AED 105; Correspondent Bank charges may apply |
| TT/Fate Inquiry |
AED 105; Correspondent Bank charges may apply |
| UAEFTS Charges as per Central Bank (UAE Funds Transfer System) |
Remittance Charges if borne by the remitter and beneficiary (SHA Charge Code)
|
AED 5.25 at Branch, AED 1.05 through Online/Mobile Banking (Free for CBD ELITE customers)
|
Remittance Charges if borne by the beneficiary (BEN Charge Code)
|
AED 5.25 at branch, AED 1.05 through Online/Mobile Banking (Free for CBD ELITE customers)
|
Remittance Charges if borne by the remitter
|
AED 6.30 at branch, AED 2.10 through Online/Mobile Banking (Free for CBD ELITE customers) |
|
Personal Finance
|
| Processing fee |
1% of finance amount (VAT is applicable) ( minimum AED 525 and maximum AED 2,625 )
|
| Profit Rate |
As per credit policy for Absher personal finance
|
| Finance Cancellation Fee |
AED 105
|
| Re-scheduling of Finance |
AED 250
|
| Part-payment from own sources |
1% (VAT is applicable); Max AED 10,500
|
| Part-payment from other bank |
1%(VAT is applicable); Max AED 10,500 |
| Early Settlement From Other Bank |
1% of remaining balance (VAT is applicable) or AED 10,500 whichever is lower
|
| Early Settlement From Own Source |
1% (VAT is applicable); Max AED 10,500
|
| Life Takaful - Service Providers Options and Rate on Finance Amount (Insurance) | a) Noor Takaful - 0.82%
b) Aman Insurance - 0.942%
c) ADNTC - 0.905% |
| Postponement request |
AED 105 |
| DMCC - Commodity Trading Fee |
AED 25 per million, Minimum AED 120 |
| Final settlement from other sources/End of Service Benefits |
1% (VAT is applicable); Max AED 10,500 |
| Donation Amount (Late Payment) |
Max AED 210 |
| Issuance of liability letter to other banks |
AED 63 |
*The life insurance fees not applicable for Secure Financing [Finance Against Deposit]
Vehicle Finance |
| Processing fee |
1% on Finance Amt. (VAT is applicable) (Min. AED 525 & Max. AED 2,625)
|
Early / Part Settlement
|
1% of the outstanding balance (VAT is applicable) or AED 10,500 whichever is lower
|
Postponement Request
|
AED 105
|
| Reschedule of Finance |
AED 262.50
|
| Vehicle Mortgage /Vehicle Mortgage Release |
Nil |
| Donation Amount - (Contributed to Charity)# | Max. AED 210 (VAT inclusive) |
| Issuance of liability letter to other banks |
AED 63 |
| Home Finance (Mortgage) |
| Type of Services |
Segment/Parameters |
Fees and Charges |
*Pre-Approval Feed (Part of processing fee received upfront)
|
Salaried |
AED 1,575 |
| Self-employed | AED 2,100 |
| Non-resident | AED 2,100 (for both Salaried and Self-employed) |
| Processing Fee | NTB | 1% of Approved finance amount (VAT is applicable) with Minimum of AED 5,250 |
| Buyout | Nil, Customer seeking additional equity i.e. Buyout & equity, 1% processing fee applicable on the Equity release/incremental amount (VAT is applicable) |
| Existing Al Dana customers | 0.75% of Approved finance amount (VAT is applicable) with Minimum of AED 5,250 to existing Dana clients maintaining AED 400K balance or salary transfer to CBD of AED 40K for last 3 months. |
| *Pre-Approval charges shall be adjusted towards processing fee once full case is submitted within the validity of pre-approval (60 Days) |
| Early settlement from the same bank finance | Finance closure / full settlement from own source or through sale proceeds | 1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less |
| Early settlement from other bank (Buyout) | Finance closure / full settlement through other banks / transferring finance | 1% of the outstanding amount (VAT is applicable) or AED 10,500 whichever is less |
| Partial payment | Applicable on the pre-paid amount | - Free up to 15% of the outstanding amount per year.
- 1% capped at Max. AED 10,500 on the partial settlement amount exceeding 15% outstanding amount per year (VAT is applicable)
|
| Revalidation (these are standalone charges & should not be adjusted against processing fee) | Revalidation of conditional approval / Pre-approval | AED 525 across all segments |
| Amendments to offer letter | AED 1,050 |
| Takaful - Service Providers Options and Rate (Insurance) | Life Takaful (Rate on Total Finance Amount) | a) Noor Takaful - 0.01167%
b) ADNTC - 0.0170%
C) Aman Ins. - 0.0145% |
| Property Takaful (Rate per Year) | a) Noor Takaful - 0.060%
b)ADNTC - 0.045%
c) Orient UNB - 0.040% |
| Property Valuation | Residential | AED 3,150 for single residential properties *additional charges apply for multiple units |
| Donation Amount (Late Payment) | | Max AED 700 |
Letter issuance charges
| Liability letter | AED 89.25 |
| Liability letter addressed to Govt. authorities & charitable organizations | AED105 |
| Reissuance of Clearance Letter | AED 99.75 | | Issuance of NOC to Rent Committee, RERA, Developer & any other Competent Authority | AED157.50 |
| Others charges | Postponement of Installment *
AED 100* |
| Copy of Repayment Schedule | AED 78.75 |
| Copy of Offer Letter, mortgage Contracts and Title Deed | AED 105 per document, per instance |
| Amendments to existing finance structure(If requested by the borrower) | AED 3,150 |
| Property swaps administration fees | AED Max 1,386 (valuation included) |
| Request of any other letters | AED 94.50 |
| Any other certificate | AED 78.75 |
| Non-standard statement production/copy of original documentation | AED 105 |
| Additional conditions referring to Fees | | All fee for Transfer, Assignment, Registration with Developer, Land Dept., Municipality and any standard governmental fees and any other tax or applicable charges to be borne by the applicant on actual basis |
| * Postponement of Installments is subject to Management approval. |
| Direct Debits Authority Charges - Processing Charges (Paying Bank) |
| Inward New Request (Setup Confirmation) |
Finances, Credit Cards, Mortgage Finance
|
AED 26.25
|
| Others |
AED 5.25 |
| Inward Amendment Request (Setup Confirmation) |
Finances, Credit Cards, Mortgage Finance
|
AED 26.25
|
Others
|
AED 5.25
|
| Inward Cancellation Request |
Finances, Credit Cards and Others
|
Free
|
Mortgage Finance
|
Free
|
| No Pay due to Insufficient Funds from Account to: |
Finances, Credit Cards and Others
|
AED 26.25
|
Mortgage Finance
|
AED 26.25
|
| No Pay due to Insufficient Funds by Credit Cards: |
Others
|
Free
|
| Certificates |
| Account balance certificate |
AED 52.50 |
| No liability certificate |
AED 63 |
| Audit confirmation |
AED 105 |
|
Account closure certificate
(release letter)
|
AED 52.50 |
|
Economic department certificate
|
AED 105 |
|
Credit enquiry
with UAE Banks
|
AED 52.50 |
Liability letter issued to Govt. Departments/Embassies
and
financial institution
|
AED 63 |
| Safe deposit locker charges |
| Size |
Rent per annum |
Security Deposit* |
| Small |
AED 1,050 |
AED 2,000 |
| Medium |
AED 1,312.50 |
AED 5,000 |
| Large |
AED 2,100 |
AED 7,000 |
| X Large |
AED 2,625 |
AED 10,000 |
| XX Large |
AED 3,675 |
AED 20,000 |
| XXX Large |
AED 5,250 |
AED 25,000 |
*T&Cs apply
| Courier charges |
| Within same Emirate |
AED 31.50 |
| Other Emirates |
AED 52.50 |
| Within Gulf countries |
AED 105 |
| Other countries |
AED 157.50 |
|
General postage
to all countries
|
AED 15.75 |
| Other charges |
|
Ad-hoc Request for statement of account
|
AED 26.25 - per month requested |
| Cheque photocopy less than one year |
AED 10.50;over one year AED 21 |
| Returned cheques charges due to non-sufficient Funds |
AED 105 |
| Standard cheque books |
Free first cheque book on opening account; additional cheque book: AED 1.05 per leaf
+ courier charges. Subject to a minimum charge of AED 21.
|
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