Schedule of Charges - NBF Priority Banking

NBF Priority Banking Eligibility Criteria

Maintain a total relationship balance* of AED 350,000 and above OR Avail a Mortgage value of AED 2,500,000 and above OR Salary Transfer** of AED 40,000 per month
Note: No fee will be charged for not maintaining the eligibility criteria, however the eligibility will be reviewed quarterly and relationship status will no longer be Priority Banking and all benefits would be discontinued.
*Total relationship balance includes monthly average balance of Current/Saving Accounts, Fixed Deposits and total investment holdings
**Salary transfer means the salary is transferred to any NBF account through WPS. Salaries transferred through other modes will not be considered.
Statement cycle for a Current Account is monthly and Savings Account is quarterly.

Account services DD/CO sent for collection (outside UAE) Free

Current account Safe deposit lockers (Select Branches only)
Small AED 400 pa
Standard Classic Twin benefit Medium AED 800 pa
Monthly average balance (AED) NIL NIL NIL Large AED 1500 pa
Monthly fall below fee (AED) NIL NIL NIL Security deposit AED 500 pa
Monthly account maintenance fee (AED) NIL NIL NIL Issuance of Letters
No liability certificate Free
Savings account Liability letter AED 60
Savings Savings plus MAXsaver IBAN letter Free
Monthly average balance (AED) NIL NIL NIL Others (upon request) Free
Monthly fall below fee (AED) NIL NIL NIL Release letter AED 50
Monthly account maintenance fee (AED) NIL NIL NIL Personal loans
Account services Processing fee 0.5% of loan amount
minimum AED 500 maximum AED 2,500
Account opening fees No fees
Early settlement fee 1% of outstanding loan amount
Dormant account No charges maximum AED 10,000

Account balance letter Free Partial Payment fee 1% of partial payment amount
maximum (AED 10,000)
Account closure fees AED 100
Late payment fee AED 200
Bank statements
Loan top up fee 1% of top up amount
Regular statements Free monthly minimum AED 500 maximum AED 2,500

Duplicate statements (outside the agreed cycle) Free Loan cancellation fee AED 100
Term deposit Deferment of installment AED 100 per deferment
Premature closure of deposits penalty Up to 2% Loan rescheduling fee AED 250
Minimum amount - fixed deposit AED 10,000 Liability letter AED 60
Clearing cheques Auto loans
Cheque book issuance Free Processing fees 0.5% of loan amount
Stop payment AED 50 per cheque minimum AED 200; maximum AED 2,500

Cheques photocopy Free Early settlement fee 1% of outstanding loan amount

Local clearing Free Late payment fee AED 300 per installment
Inward Cheque Return AED 100 per cheque Partial payment fee 1% of partial payment amount
Outward Cheque Return Free Deferment of installment AED 100
Special clearing - Inward Free Clearance letter fee AED 60
Special clearing - Outward Free Loan cancellation fee AED 100
Central Bank and other bank charges to be applied as per actuals
Liability letter AED 60
Post dated cheques for collection Free Home loans
Withdrawal of PDC Free Pre-approval fee AED 1,000
Cheques sent for collection (outside the UAE) Free Processing fee (Final offer letter) 0.75% of loan amount
Debit card charges Early settlement fee Maximum 1% of outstanding loan value
Eligible Card Visa Platinum Debit Card* or AED 10,000/- whichever is lower
* The bank reserves the right to levies fee/replace card in case priority eligibility is not maintained
Partial settlement fee Maximum 1% of outstanding loan value
Annual fee Free or AED 10,000/- whichever is lower
Supplementary card 3 cards free Property valuation fee AED 2,500
Additional supplementary card AED25 Late payment fee 2% of EMI (min AED 200, max AED 700)
Replacement card Free Loan rescheduling fee AED 800
PIN replacement/re-issue fee through NBF Call Centre Free Liability letter fee AED 85
Paper PIN replacement/re-issue fee AED25 Copy of docs/non-std AED 100
Foreign currency transaction fee** 2% Property swap admin fee AED 1300
Sales slip copy fee AED25 Issuance of NOC AED 150
Usage fee at non-NBF ATMs in UAE (UAE Switch) Clearance letter AED 95
Cash withdrawal Free Overdraft
Balance enquiry Free Annual renewal fee / initial set up fee AED 200
Usage fee at NBF ATMs Insurance (Death & PTD) for OD amount up to AED 40,000 AED 100
Cash withdrawal Free Insurance (Death & PTD) for OD amount more than AED 40,000 AED 200
Balance enquiry Free
Cash Deposit Free Credit card
Cheque Deposit Free
Credit Card Payment to any NBF credit card Free Charges Infinite
Utility Bill Payment Free Annual fee Life-time free*
Mini Statement (last 10 transactions) Free Renewal fee NIL
Usage fee at ATMs outside UAE Supplementary card AED 250
International ATM withdrawals Free - 2 per month Other card related fees
Charges will apply as per host country after 2 international ATM withdrawals
Interest/profit rates (NBF Islamic cards) 2.49% pm
Alerts requested by customer (per SMS) Free Cash advance fee 4% of advance amount or AED 50 (whichever is higher)
SMS alerts (per SMS) Free Card replacement fee AED 75
*Applicable only for debit card alerts
Liability/ no Liability letter AED 50
Standing instruction
AED 50 - manual Duplicate statement AED 45
Standing instruction set up
Free - electronic Over limit fee AED 125
Inter account transfer (within NBF) Free Late payment fee** AED 230
Failed standing instruction AED 25 Cheque return AED 100
AED 30 - manual Minimum amount due 5% of the amount due or AED 100 (whichever is higher)
Amendment/cancellation
Free - electronic
Foreign currency transaction fee** 2.50%
Scheduled execution Free
Cash withdrawal limit 40% of card limit
Teller services Free - Up to 10 transactions per month
Transaction slip copy AED 65
AED 10 - For every additional transcation
Payment due date from statement date 20 days
Maximum interest free days Up to 50 days (provided payment is made in full)
Payments
*Annual fee of AED 750 waived for NBF Priority customers
Inward remittances (AED or foreign currency) Free
Outward remittances General conditions
Inter account transfers (within NBF) Free
AED 5 - manual 1. All charges listed in this booklet apply only to normal transactions and to the customers of NBF
Local payments in UAE dirham
Free - electronic 2. NBF Reserves the right to levy additional charges for services at its sole discretion
International payments/local payments in foreign currency AED 75 - manual 3. All terms and conditions mentioned in this booklet are subject to change without notice. Charges for any
Correspondent bank charges to be applied as per actuals Free - electronic services not mentioned in this booklet will be available upon request
Cancellation/amendments Free 4. Other incidental expenses such as stamps, postage, telex, SWIFT, fax charges etc. including charges levied
Swift tracers/reminders Free by the correspondent Bank will be recovered where incurred
Swift copy Free 5. Account balances mentioned are equivalent to AED currency
Payment returns Free 6. Updated Schedule of Charges will be available on www.nbf.ae
Demand drafts and cashier’s orders 7. Current NBF prime rate is 9.5%
AED 75 - manual 8. Above charges are exclusive of all taxes. 5% VAT shall be applied by the Bank, wherever applicable
DD/CO issuance 9. ** VAT not applicable
Free - electronic
DD/CO stop payment Free 10. Maximum free supplementary cards for NBF Infinite Credit Card is three
DD/CO cancellation Free 11. Electronic refers to transactions done on NBF Direct online banking or NBF Direct app
DD/CO duplicate Free
Effective from 6th December 2019

Last update: November 2019