SCHEDULE OF FEES AND CHARGES - DUBAI
I. Relationship Maintainence
Account Service Fee (applicable to accounts
with average cash balance below AED 3000 or equivalent)
II. Remittances
Fees & Charges
Complimentary
Fees & Charges
(a) Outward
Cashier’s Order
AED 30
Demand Drafts
AED 30
Central Bank Transfers within UAE (in AED)
AED 25
Outward Telegraphic Transfers - AED#
AED 25
Online Banking Fees: AED 10
Outward Telegraphic Transfers - Other Currencies#
AED 100
Online Banking Fees: AED 25
BCNR tracer & follow ups
AED 100
Amendments to beneficiary details
Complimentary
Recalls on duplication of payment due to customer error
AED 100
SWIFT copy request
Complimentary
Credit confirmation - Beneficiary non receipt of funds
AED 100
Request for recall of funds
Complimentary
b) Inward
USD (minimum AED 100, maximum AED 1000)
Complimentary
Other currencies (minimum AED 200, maximum AED 2000)
Complimentary
Received from local banks within UAE for credit to account
Complimentary
Received from banks outside UAE for credit to account in AED, USD, or
other currencies
Complimentary
III. Account Administration Service Charges
a) Foreign Currency Notes
Issue Foreign Currency Notes
By Debit to an AED account with Standard Chartered
Complimentary
In other currency by debit to any other currency account (Euro, GBP, etc)
1.50% of withdrawal amount
Against AED cash
Complimentary
Receive Foreign Currency Notes
For credit to an AED account
Complimentary
For cash payment in AED
Complimentary
In other currencies, for credit to any other currency account (other than
AED and USD accounts)
2% of deposit amount
b) Cheques
First cheque book on account opening (25 leaves)
Complimentary
(Additional cheque book of 25 leaf - AED 25 per
cheque book)
Local currency cheque collection - AED (city where Standard Chartered
branch is located)
Complimentary
Local currency cheque collection in other Emirates in UAE
Foreign currency cheque collection within UAE
Foreign currency cheque collection in other countries (subject to a
minimum of AED 100 / USD 25)
Complimentary
Complimentary
0.125% of cheque amount
Stop payment (per instrument / cheque)
Cheque returns deposited into your account
Cheque returns issued on your account
Complimentary
Complimentary
AED 100
The Standard Chartered Private Bank is the private banking division of Standard Chartered Bank.
c) Standing Orders
For account to account transfers and credit card payments
Complimentary
Setting Up/Amendments for Telex Transfers
AED 50
Charges if not effected due to lack of funds
AED 25
d) Request for Historical Statements
Complimentary
e) Bank Certificate/Letter Requests
Release Letter
Complimentary
Copies of cheques within 1 year to date
AED 10
Copies of cheques greater than 1 year to date
AED 20
f) Account Balance Letter
Complimentary
g) Utility Bill Payments - DEWA, Etisalat, etc. (via Online Banking)
Complimentary
h) Debit Cards
First Debit Card on Account Opening
Complimentary
Issuing supplementary ATM card
Complimentary
Replacement
Complimentary
i) Dormant account charge
Complimentary
j) Bulk cash deposit and withdrawal at teller counter
Complimentary
IV. Lending Products of Wealth Management
Leverages/Overdraft Lending Against Investment
Processing fee
Complimentary
Interest rate
SCBLR + 1.5%
Cash Backed Lending
Processing fee
Complimentary
Interest rate
SCBLR + 1.5% or Deposit rate + 1.5% whichever is higher
Temporary/Casual Excess/Overdue Amounts
Interest rate
V. Credit Cards
10% per annum on the outstanding amount
2%
Product Type - Platinum/Titanium (Master Card)
Annual fee (AED)
Primary card
First cards
Supplementary card (s)
Regular supplementary card (s):
First 4 card onwards
Fifth card onwards
Platinum: Complimentary
Titanium: Complimentary
Complimentary
Platinum: AED 150
Titanium: AED 75
Finance charge** (per month on all transactions)
Calculated on average daily balance method from transaction date till
repayment date
Retail transactions
2.79%
Cash transactions
2.79%
Other fees and charges (all cards)
Overlimit charge (AED)
AED 179
Late payment charge (AED)
AED 179
Cash advance fee
3% of cash advance amount or AED 110
(AED 99 for Titanium & AED 60 for Platinum)
whichever is higher
Credit Shield Insurance charge on monthly statement balance
0.89%
Credit Secure charges on monthly statement balance
0.99%
Duplicate statement (over 3 months)
AED 50
Returned cheque
AED 100
Oustation cheque processing
AED 50
Copy of sales voucher
(up to a maximum of 3 months)
Retail
Airline/Hotel
Monthly statement of account charges (per statement per account)†
Complimentary
General (all cards)
Payment due date from statement date
20 days
Minimum amount due
5% or AED 110, whichever is higher
Credit Card Bill payments at third party outlets
Up to AED 5
Cash advance (% of credit limit)
(Limit decided at customer level)
25% - 50%
Cashier’s Order for refund of Credit Balances
AED 25
Balance Transfer/Easy Pay/Smart Payment Plan/
Fixed Payment Plan
Interest rate
Up to 3% monthly
Processing fee
Complimentary
Early settlement charge
2% to 5% or AED 300, whichever is higher
Arbitration charges for each disputed transaction*
VI. Mortgage Loans
Up to USD or equivalent in AED per transaction
2%
Loan processing fee (Set up fee)
1% of loan amount (Less amount received as
application processing fee)
Application processing fee
0.5% of loan amount or AED 10,000 (whichever
is lower)
Interest rate
Standard Chartered Base Lending Rate
(SCBLR) + 3.5%
Legal charges (In case of property being constructed by owner)
AED 2500
Property valuation appraiser charge
AED 2500
Partial pre-payment/Redemption fee
Complimentary
Full pre-payment/Redemption fee/Balance transfer fee
5% of payment
Cash settlement fee
2% of payment
Default interest rate (Late payment interest)
18% per annum on reducing basis charged on
all overdue outstanding amounts
Late payment fee
AED 250
Retured cheque charge (per cheque)
AED 100
Liability letter charge
AED 1000
Property Insurance
0.07% (per annum) of property value
Property Insurance assignment fee
AED 500
Life Insurance
Minimum of 0.4% (per annum) of loan amount
- Subject to approval from Insurance company
and may vary on case to case basis.
Change in security (Property)
AED 5000
Change in loan tenor
AED 2500
Change in payment due date
AED 1000
Request for NOC
AED 500
Addition/Removal of Co-borrower
AED 5000
Property and mortgage registration (+any applicable Government fee and
charges, and legal and administration costs)
AED 3000
Loan account statement
AED 1000
Change in loan repayment method
AED 1000
# Private banking customers will receive a rebate of Outward Telex Transfer remittance charges within 7 working days for international
fund transfers between Standard Chartered Bank accounts. This is applicable at all our branches and online banking. Corresponding and
beneficiary bank charges (including charges from foreign Standard Chartered entities) may apply and are not included in this.
** Finance charges may vary depending on product type as indicated in the individual product declaration.
Finance charges may vary for specific customer segments.
† You may request us to send your statement by email. This service is free of charge.
* Arbitration charges will not be levied if the decision is made in favour of the Cardholder.
Notes:
1. All other 3rd party fees such as registration or nomination may apply.
2. The above charges do not include out-of-pocket expenses, such as stamp duty, postage, cable charges and correspondent bank
charges, if any.
3. Any transactions requiring special handling will be subject to extra charges which commensurate with the amount of work involved.
4. Charges for transactions not listed above will be quoted upon request.
5. Other terms and conditions are available on Standard Chartered Bank’s website.
6. This is subject to the remitting bank.
The Bank reserves the right in its absolute discretion to vary the fees and charges or terms and conditions governing from without giving
any reason.