mashreq

CURRENT ACCOUNTS

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Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Monthly Average Balance	AED 10,000 or equivalent in other currencies	AED 150,000 or equivalent in other currencies	AED 350,000 or equivalent in other currencies
Fall Below Fee	AED 250 p. m. or equivalent in other currencies	AED 400 p. m. or equivalent in other currencies	AED 600 p. m. or equivalent in other currencies
Relationship Fee	AED 50 p. m. or equivalent in other currencies	NIL	NIL
Cheque Book	Initial 50 leafs : Waived	Waived	Waived
	Additional : AED 1 per Cheque Leaf
Cash Handling Charges	AED cash transactions less than 1 Mil - NIL For AED 1 M or more 0.01% of cash value or AED 100 whichever is higher	AED cash transactions less than 1 Mil - NIL For AED 1 M or more 0.01% of cash value or AED 100 whichever is higher	Waived
Account Statement	Monthly / Quarterly Statements: Waived	Monthly/Quarterly Statements: Waived	Monthly/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 weekly	Statement by Fax : AED 50 per week	Statement by Fax : AED 50 per week
Duplicate Account Statements	Last 3 months : Waived	Waived	Waived
	3-6 months-AED 50 6-9 months AED 100 9-12 months AED 150 >12 months AED 250	Waived	Waived
Daily charges upon account being overdrawn	AED 50	AED 50	Waived
Account Closure Fee	Within 0-6 months AED 100 Over 6 months Waived	Less 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)

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Extension of due date	10	10	Waived
Custodial Service per cheque	20	20	Waived
Outstanding PDC report	25	25	Waived
Replacement/premature withdrawal per cheque	25	25	Waived

Outward Clearing/Inter -City/Clean Collection

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Inter - city clearing (IBCI)	10	10	10
Special Clearing
Within Same Emirates, per instrument	100	100	100
In Other Emirates, per instrument	150	150	150
Collection within UAE	50	50	50
Collection outside UAE	100	100	100
Foreign Currency Cheques/Drafts Purchased	100	100	100
Cheques Returned Unpaid
Inward clearing / book transfer	350	350	350
Outward local Clearing / Inter - City / Clean Collection	50	50	50
Collection within UAE	10	10	10
Collection outside UAE	20	20	20

Miscellaneous Charges (Related to Cheques)

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Request for photocopy / details of cheques - more than 3 months	100	50	Waived
More than 6 months old	200	100	Waived
Ad Hoc request for Statement	Less than 6 months AED 100 More than 6 months AED 200	Waived	Waived
Stop Payment per Cheque	200	100	Waived
Stop Payment Max per Cheque	500	300	Waived

Inward Remittances

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Credit into Mashreq A/C	Free if credited to beneficiary of MB AED A/C USD 5.5 Equivalent for FCY	Waived	Waived
Credit account with other banks	100	100	100
Paid by PO/DD	50	50	50
Credit into Mashreq a/c from Vostro a/c	25	25	25
Copy of Inward Remittance Swift Message	Less 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

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Draft / pay order Issuance	25	25	25
Request - stop payment pay order/DD	100	100	100
Request -Issuance of duplicate PO/DD	25	25	25
Telex Transfer - UAE	20	10	Free
Telex Transfer - outside UAE	60	45	30
Additional Telex, if any	No charge for MT 202	Waived	Waived
Responding / raising inquiries on behalf of customers	50	Waived	Waived
Cancellation of remittance instructions (Funds already remitted)	100	100	100
Cancellation of DD/PO Original instrument presented)	50	50	50
Copy of outward remittance transmitted	Less than 6 months AED 50 More than 6 months AED 150	Waived	Waived
TT returned due to discrepancy, per transaction	50	50	50
Swift copy charges,per Swift copy	25	Waived	Waived
Auto - fax of OTT/ITT advices (monthly charge)	100	Waived	Waived

Standing Orders (SO)

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Setup, per SO	100	50	Waived
Amendments, per SO	50	25	Waived
PO Transaction Fee	AED 20	AED 10	Waived
DD Transaction Fee	AED 30	AED 15	Waived
TT Transaction Fee	AED 60	AED 30	Waived
Insufficient funds to execute	60	60	60
Request - calling back funds remitted against standing instructions	200	100	Waived
Copy of standing order instruction application	Less than 6 months AED 50 More than 6 months AED 150	Waived	Waived
Standing order cancellation or suspension	20 (per instance)	Waived	Waived

OTHER MISCELLANEOUS

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Trade License
Valid TL not provided within 60 days after expiry	Nil	Nil	Nil
Valid TL not provided within 61-89 days after expiry	200	200	200
Valid TL not provided within 90-119 days after expiry	350	350	350
Valid TL not provided every 30 days thereafter	550	550	550
Bank Certificate/ Letter Requests, per Letter
Account Balance	100	Waived	Waived
Underformation Letters - Long Form	675	675	675
Underformation Letters - Short Form	300	300	300
Audit Confirmation Reports	100	100	100
Certificate for A/C Closure	150	150	150
Other reference letters/ confirmations (eg Ac conduct)	100	Waived	Waived
Fax response to miscellaneous queries	40	40	Waived

INTERNET BANKING

Item	Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
Mashreq Online (p.a.) for any payment option	200	Waived	Waived

LOANS

Loans and Overdrafts	Self Employed Personal Loan	Small Business Loan	Merchant Overdraft
Rate of Interest (p.a.)	Rates linked to Mashreq Prime Rates (MPR)** Please visit www.mashreqbank.com for current MPR	Rates linked to Mashreq Prime Rates (MPR)** Please visit www.mashreqbank.com for current MPR
Processing/ Issuance Fee	1% of the Loan amount	1.35% of the Loan Amount	2% of the Approved Amount
Minimum Processing Fee	AED 500	N/A	AED 2,500
Maximum Processing Fee	AED 2500
Insurance Charges	0.65% of the Loan Amount p.a.	0.65% of the Loan Amount p.a.	N/A
Postponement Fee	AED 100 per postponement	N/A	N/A
Late Payment Fee/Cheque Return	2% of the delayed amount Min: AED 50 Max: AED 200	AED 300 per Installment	N/A
Excess Overdraft	N/A	N/A	2% of the Applicable Interest Rate on Excess Amount
Permanent Release/ Clearance Letter	N/A	AED 200	N/A
Cash/Cheque Collection Fee	N/A	AED 25 / AED 10 per Transaction	N/A
Liability Letter	Up to AED 100 per Letter	Up to AED 500 per Letter	N/A
Change of PDC / Recovery Account	NIL	AED 100	N/A
Early Settlement Fee
Through other Banks	1% of the remaining balance	5% of the Outstanding Amount	N/A
For Repeat Loan	1% of the remaining balance	1% of the Outstanding Amount	N/A
Through own Sources	1% of the remaining balance	2.5% of the Outstanding Amount	3%

**Rates calculated on a reducing balance basis. Rate calculated on a flat basis.

Imports - Letters of Credit (LCs)

Item	Rates for Mashreq
Issuance commission on Sight LC	0.250% pm (minimum 3 months) minimum AED 500
Issuance commission on Usance LC	0.250% pm (minimum 3 months) minimum AED 500
Revolving LC Commission on each drawing of amount revolved	0.250% pm (minimum 3 months) minimum AED 100
Amendments to LCs (other than in value or expiry date)	AED 200
Extension &/or enhancement in LC value	AED 200 plus Standard LC Charges
Cancellation	AED 250
Acceptance commission (LC expiry to draft maturity)	0.250% minimum  AED 500
Handling charges for discrepant documents	AED 200
Settlement of open account transactions (against Trust Receipt)	Flat AED 250 for Trust Receipt values ≤ AED 2 Million, and Flat AED 500 for all Trust Receipt values > AED 2 Million
Bills not settled within agreed time frame	Minimum 2% penal rate over and above the agreed interest rate
Issuance of Shipping Guarantee (with margin)	AED 150
Issuance of Shipping Guarantee/ Customs Duty Guarantee (without margin)	0.250% of invoice value, minimum AED 150

Inward Documentary Bills for Collection (IDBC)

Item	Rates for Mashreq
Documentary collection handling commission	0.125%, minimum AED 250
Documents delivered free of payment (where authorised by Presenter)	0.250%, minimum AED 250
Avalisation of drafts	0.125%, minimum AED 300
Documents transferred to local banks	0.125% per month (minimum 3 months) minimum AED 250
Amendments to bills for collection	AED 100
Admin. fees on documents held unpaid after one month of sight or due date	AED 150
Documents returned unpaid	AED 150

Exports - Letters of Credit (LCs)

Item	Rates for Mashreq
Pre advice of LC	AED 150
Advising of LC	AED 300
LC Confirmation	Applicable Commission as per bank/country risk consideration
Advising LC amendments	AED 200
Transfer of LC	0.250%, minimum AED 1500
Documents processing/negotiation commission	0.125%, minimum AED 750
Commission on documents forwarded to nominated banks for negotiation	0.125%, minimum AED 250
Reimbursement	AED 500 or USD 140 or EUR 100
Discrepancy handling charges	USD100 per set of docs.
Assignment of proceeds under (Export) LCs	AED 750
Claiming of re-imbursement charges under Export LC	AED 150
Remittance of funds through third bank	AED 180
Processing fee on packing credit	AED 350

Outward Documentary Bills for Collection (ODBC)

Item	Rates for Mashreq
ODBC documents handling charges	0.125%, minimum AED 250
Amendments to bills for collection	AED 100
Documents returned unpaid	AED 100

Bills Purchased/Discounted

Item	Rates for Mashreq
Processing fee	0.125%, minimum AED 250

Loan against Foreign Bills Purchased(LAFB)

Item	Rates for Mashreq
Processing fee	0.125%, minimum AED 250

Issuance of Letters of Guarantee (LG)

Item	Rates for Mashreq
Commission on issuance of Contract Finance Guarantees like bid bonds/performance bonds/advance payment guarantees/maintenance/ retention/SBLC and other guarantees	3.4% Per Annum (minimum 3 months) minimum AED 500
Commission on issuance of Auto Renewal Guarantees	3.4% Per Annum (minimum 3 months) minimum AED 500
Open-ended guarantees	3.4% Per Annum (minimum 3 months) minimum AED 500
Commission on guarantees passed on	AED 250
Amendment of LG (other than extension or enhancement)	AED 250

Other Trade Related Charges

Item	Rates for Mashreq
Full text swift/telex charges	AED 400
Brief text swift/telex charges	AED 200
Courier Charges	AED 300
Other swift messages	USD 30
Request for photocopy of documents	less than 6 months old AED 50  more than 6 months old AED 150

Settlement Of Bills Under Documentary Credits

Item	Rates for Mashreq
Commission in lieu of Exchange on transactions involving Foriegn Currency	0.250% minimum AED 150

Debit Card

		Value (All figures in AED)	Premium (All figures in AED)	Platinum (All figures in AED)
DEBIT Card		AED 100 per card	Waived	Waived
Debit Card replacement		AED 75	Waived	Waived
Debit Card Currency Conversion Fee		~ 2.00%	~ 2.00%	~ 2.00%
Cash Withdrawal	Mashreq ATM's (in UAE)	Free	Free	Free
	Other banks ATM (in UAE)	AED 2.00	AED 2.00	AED 2.00
	Other banks ATM (in GCC)	AED 6.00	AED 6.00	AED 6.00
	Other banks ATM (Internationally)	AED 20.00	AED 20.00	AED 20.00
Balance Inquiry transactions	Mashreq ATM's (in UAE)	Free	Free	Free
	Other banks ATM (in UAE)	AED 1.00	AED 1.00	AED 1.00
	Other banks ATM (in GCC)	AED 3.00	AED 3.00	AED 3.00
	Other banks ATM (Internationally)	AED 3.00	AED 3.00	AED 3.00
Declined transactions	Mashreq ATM's (in UAE)	Free	Free	Free
	Other banks ATM (in UAE)	AED 1.00	AED 1.00	AED 1.00
	Other banks ATM (in GCC)	AED 3.00	AED 3.00	AED 3.00
	Other banks ATM (Internationally)	AED 3.00	AED 3.00	AED 3.00
Retrieval of sales slip		AED 25	AED 25	AED 25
PIN Mailer replacement/ re-issue fee		AED 25*	AED 25*	AED 25*

*Waived for PIN generation through PIN PAD machine in branch