PRICE GUIDE Effective 1 July 2018 Noor Bank rates and fees are revised and are exclusive of VAT (where applicable) and are subject to change as per Central Bank s guideline.
Account s Packages Basic Link Plus Link Premium Link Infinite Current Accounts Monthly average balance AED 20,000 AED 50,000 AED 350,000 AED 1,000,000 Fall below fee AED 500 if monthly average balance is lower than AED 20,000 or equivalent in foreign currency, not AED 400 if monthly average balance is lower than AED 50,000 or equivalent in foreign currency, not AED 500 if monthly average balance is lower than AED 350,000 or equivalent in foreign currency, not AED 600 if monthly average balance is lower than AED 1,000,000 or equivalent in foreign currency, not Savings Accounts Monthly average balance AED 500 if monthly average balance is lower than AED 20,000 or equivalent in foreign currency. Not AED 400 if monthly average balance is lower than AED 50,000 or equivalent in foreign currency. Not AED 500 if monthly average balance is lower than A ED 350,000 or equivalent in foreign currency. Not AED 600 if monthly average balance is lower than AED 1,000,000 or equivalent in foreign currency. Not Monthly profit No monthly profit if the average monthly balance (per account) is lower than AED 5,000 or equivalent in foreign currency No monthly profit if the average monthly balance (per account) is lower than AED 5,000 or equivalent in foreign currency No monthly profit if the average monthly balance (per account) is lower than AED 5,000 or equivalent in foreign currency No monthly profit if the average monthly balance (per account) is lower than AED 5,000 or equivalent in foreign currency Local Currency Cheques Standard cheque book issuance First cheque book free, AED 1 per leaf for subsequent cheques First two cheque books free, AED 1 per leaf for subsequent cheques First three cheque books free, AED 1 per leaf for subsequent cheques All cheque books free Corporate cheque book issuance AED 3 per leaf (minimum 1,000 leaves) AED 3 per leaf (minimum 1,000 leaves) AED 3 per leaf (minimum 1,000 leaves) AED 3 per leaf (minimum 1,000 leaves) Special clearing of cheque AED 100 for inward and AED 200 for outward AED 100 for inward and AED 200 for outward AED 100 for inward and AED 200 for outward AED 100 for inward and AED 200 for outward Stop payment of cheque AED 100 per instruction AED 100 per instruction AED 100 per instruction AED 100 per instruction Return cheque (inwards) AED 400 per returned cheque AED 300 per returned cheque AED 300 per returned cheque AED 300 per returned cheque Cheque collection service - within Dubai AED 100 per pick up (Effective 1st September 2018 AED 120 per pick up) AED 100 per pick up (Effective 1st September 2018 AED 120 per pick up) AED 100 per pick up (Effective 1st September 2018 AED 120 per pick up) AED 100 per pick up (Effective 1st September 2018 AED 120 per pick up) Cheque collection service - outside Dubai (Effective 1st September 2018) AED 150 per pick up AED 150 per pick up AED 150 per pick up AED 150 per pick up Foreign Currency Cheques Outward cheque collection Within the UAE - AED 100 per cheque and outside the UAE - 0.125% of cheque value, minimum of AED 250 Within the UAE - AED 50 per cheque and outside the UAE - 0.125% of cheque value, minimum of AED 250 Within the UAE - AED 50 per cheque and outside the UAE - 0.125% of cheque value, minimum of AED 250 Within the UAE - AED 50 per cheque and outside the UAE - 0.125% of cheque value, minimum of AED 250 Teller Transactions AED 15 per transaction 10 free transactions per month, subsequently AED 15 per transaction 20 free transactions per month, subsequently AED 15 per transaction 30 free transactions per month, subsequently AED 15 per transaction Miscellaneous Charges (Related to Cheques) Request for photocopy/details of cheques - less than 6 months Request for photocopy/details of cheques - more than 6 months AED 100 per instrument AED 100 per instrument Waived Waived AED 200 per instrument AED 150 per instrument AED 100 per instrument Waived Post Dated Cheques (PDCs) PDC warehousing (initial set up) AED 500 AED 300 AED 200 Waived PDC warehousing (safekeeping) AED 25 per instrument AED 25 per instrument AED 25 per instrument Waived PDC replacement/premature withdrawal AED 25 per instrument AED 25 per instrument AED 25 per instrument Waived All accounts (not including Business Plus Accounts) opened prior to 1 May 2018 will be transferred to Basic Account from 1 May 2018. All Business Plus Accounts will be transferred to Link Plus Accounts from 1 May 2018.
Packages Basic Link Plus Link Premium Link Infinite Remittances TT (Within UAE) AED 75 AED 50 AED 40 AED 25 TT (Outside UAE) AED 100+ correspondent bank charges AED 75+ correspondent bank charges AED 50+ correspondent bank charges AED 30+ correspondent bank charges TT tracers/recall/advice (SWIFT copy) AED 150 per transaction AED 100 per transaction AED 75 per transaction AED 50 per transaction Specific customer request/amendments AED 50 per transaction AED 50 per transaction AED 50 per transaction Waived Incoming TT (foreign currency) AED 10 per transaction AED 10 per transaction AED 10 per transaction Waived Correspondent bank charges EUR - EUR 65 EUR - EUR 65 EUR - EUR 65 EUR - EUR 65 Upfront charge collection for outward fund transfers All other currencies - AED 125 All other currencies - AED 125 All other currencies - AED 125 All other currencies - AED 125 Remittances Online TT (Within UAE) using Online Banking AED 50 5 free transactions per month, subsequently AED 50 per TT 10 free transactions per month, subsequently AED 40 per TT 15 free transactions per month, subsequently AED 25 per TT TT (Outside UAE) using Online Banking AED 75+ correspondent bank charges AED 50+ correspondent bank charges AED 40+ correspondent bank charges AED 20+ correspondent bank charges Manager s Cheque (MC)/Demand Draft (DD) Outward MC issuance AED 50 per instrument AED 50 per instrument AED 50 per instrument AED 50 per instrument Inward DD/MC collection AED 100 per instrument AED 100 per instrument AED 100 per instrument AED 100 per instrument DD issuance AED 50 per instrument AED 50 per instrument AED 50 per instrument AED 50 per instrument MC/DD cancellation/stop payment AED 150 per instrument AED 150 per instrument AED 150 per instrument AED 150 per instrument Online Manager s cheque (MC)/ Demand Draft (DD) Outward MC issuance AED 40 per instrument AED 30 per instrument AED 25 per instrument AED 20 per instrument Inward DD/MC collection AED 75 per instrument AED 50 per instrument AED 40 per instrument AED 30 per instrument DD issuance AED 40 per instrument AED 30 per instrument AED 25 per instrument AED 20 per instrument MC/DD cancellation/stop payment AED 100 per instrument AED 75 per instrument AED 60 per instrument AED 50 per instrument Wages Protection System (WPS) Salary SIF file processing AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) Salary file returns AED 100 per file AED 100 per file AED 100 per file AED 100 per file Refund request file processing AED 50 per file AED 50 per file AED 50 per file AED 50 per file WPS payment investigations AED 20 per transaction AED 20 per transaction AED 20 per transaction AED 20 per transaction Funding account transfer AED 100 per instruction AED 100 per instruction AED 100 per instruction AED 100 per instruction Auto Pay-Out/WPS Exception Handling Fees Returned items AED 50 AED 50 AED 50 AED 50 Wages Protection System (WPS) Online Salary SIF file processing AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) AED 1 per individual (minimum AED 25) Salary file returns AED 100 per file AED 100 per file AED 100 per file AED 100 per file
Packages Basic Link Plus Link Premium Link Infinite Refund request file processing AED 50 per file AED 50 per file AED 50 per file AED 50 per file WPS payment investigations AED 20 per transaction AED 20 per transaction AED 20 per transaction AED 20 per transaction Funding account transfer AED 100 per instruction AED 100 per instruction AED 100 per instruction AED 100 per instruction Debit Card Charges Issuance at account opening free Issuance at account opening free Issuance at account opening free Issuance at account opening free New account Free Free Free Free Replacement fees AED 100 Waived Waived Waived Debit card currency conversion fee 2% excluding franchise charges 2% excluding franchise charges 2% excluding franchise charges 2% excluding franchise charges Non Noor Bank ATMs within UAE Balance inquiry AED 1 AED 1 AED 1 AED 1 Rejected transactions AED 1 AED 1 AED 1 AED 1 Cash withdrawal AED 2 AED 2 AED 2 AED 2 ATMs within GCC Balance inquiry AED 3 AED 3 AED 3 AED 3 Cash withdrawal AED 6 AED 6 AED 6 AED 6 International Cash Withdrawal AED 20 AED 20 AED 20 AED 20 International Rejected Transaction AED 3 AED 3 AED 3 AED 3 UAE Direct Debit System (DDS) Set up/lodgement of Direct Debit Authority (DDA) AED 150 AED 100 AED 75 AED 50 DDA cancellation AED 150 AED 100 AED 75 AED 50 No pay response insufficient funds AED 250 AED 200 AED 175 AED 150 Stop payment/replacing DDA with cash AED 250 AED 200 AED 175 AED 150 DDA amendment AED 150 AED 100 AED 75 AED 50 Confirmation of DDA AED 50 AED 40 AED 30 AED 20 Automated Sweeps/Standing Instructions (SI) Automated sweeps (initial setup) AED 300 AED 250 AED 150 AED 100 Automated sweeps (modification) AED 200 AED 150 AED 100 AED 75 Automated sweeps (cancellation) AED 100 AED 50 AED 25 AED 25 SI set up/amendment/cancellation AED 100 per instruction AED 50 per instruction AED 50 per instruction AED 25 per instruction Insufficient funds to execute SI AED 150 per transaction AED 100 per transaction AED 60 AED 50 Issuance of Certificates Account balance AED 200 AED 200 AED 200 AED 200 Underformation letters - long form AED 1000 AED 600 AED 600 AED 600 Underformation letters - short form AED 1000 AED 300 AED 300 AED 300 Audit confirmation letter AED 300 AED 200 AED 200 AED 200
Packages Basic Link Plus Link Premium Link Infinite Letter issued to government department AED 500 AED 400 AED 300 AED 200 Capital letter AED 650 AED 600 AED 500 AED 400 Reference letter AED 300 AED 300 AED 300 AED 300 Release letter/clearance letter/no liability letter fee AED 300 AED 300 AED 300 AED 300 Liability letter fee AED 500 AED 500 AED 500 AED 500 Certificate of account closure AED 200 AED 100 AED 100 AED 100 Duplicate Certificate/Statements Duplicate certificate/statements 3 months - AED 50 3-6 months - AED 75 6-9 months - AED 100 9-12 months - AED 150 >12 months - AED 250 3 months - AED 50 3-6 months - AED 75 6-9 months - AED 100 9-12 months - AED 150 >12 months - AED 250 3 months - AED 50 3-6 months - AED 75 6-9 months - AED 100 9-12 months - AED 150 >12 months - AED 250 3 months - AED 50 3-6 months - AED 75 6-9 months - AED 100 9-12 months - AED 150 >12 months - AED 250 Counter s Bulk cash deposit/withdrawal 0.01% of the transaction value (minimum AED 100 per transaction) for amount > AED 1,000,000 0.01% of the transaction value (minimum AED 100 per transaction) for amount > AED 1,000,000 0.01% of the transaction value (minimum AED 100 per transaction) for amount > AED 1,000,000 0.01% of the transaction value (minimum AED 100 per transaction) for amount > AED 1,000,000 Deposit/withdrawal of foreign currency notes 2% of the value of the deposit (minimum AED 20) 2% of the value of the deposit (minimum AED 20) 2% of the value of the deposit (minimum AED 20) 2% of the value of the deposit (minimum AED 20) Third party withdrawal over the counter Basic AED 50 Link Plus AED 50 Link Premium AED 50 Link Infinite AED 50 Corporate Online Banking Setup charges (includes 2 users) AED 1,000 per entity AED 750 per entity AED 500 per entity AED 250 per entity Annual maintenance fee AED 1,000 per annum AED 500 per annum AED 500 per annum AED 500 per annum Additional user activation AED 200 per user AED 100 per user AED 100 per user AED 100 per user Re-issuance of 'Secure ID Key' AED 200 per item AED 150 per item AED 150 per item AED 150 per item Other s Cash collection service AED 150 per pick up AED 140 per pick up AED 130 per pick up AED 120 per pick up Account closure within 6 months AED 300 per account AED 350 per account AED 400 per account AED 500 per account Non-submission of valid Trade License (30 days after expiry of existing documents) AED 300 per month AED 250 per month AED 250 per month AED 250 per month Passport and Visa expiry AED 50 per month AED 50 per month AED 50 per month AED 50 per month Escrow s Annual escrow administrative fees 0.10% of the project Sales value (minimum of AED 20,000) 0.10% of the project Sales value (minimum of AED 20,000) 0.10% of the project Sales value (minimum of AED 20,000) Amendments post agreement sign up AED 2,000 AED 2,000 AED 2,000 AED 2,000 0.10% of the project Sales value (minimum of AED 20,000)
Trade IMPORTS Discrepancy fee USD 100 or equivalent on each set of discrepant bill Letter of Credit (LC) Issuance Commission Letter of Credit Additional charge for LCs over 4 pages AED 100 Draft LC AED 100 LC Amendment Commission For increase in value For extension of expiry date Other amendment fees AED 200 Cancellation of LC Special Types of LCs Revolving documentary credits Standby LC First AED100,000: 0.125% p.m. Balance : 0.0625% p.m. (minimum 3 months) or minimum AED 350 (if the tolerance of the documentary credit is specified e.g. +/- 10%, commission will be calculated and charged on 110% of the Letter of Credit value) Same as issuance of LC s Same as issuance of LC s A flat fee of AED 200 in addition to SWIFT/courier/mail fees Opening commission of 0.125% of the documentary credit value per month or part thereof for the entire validity of the documentary credit (subject to a minimum of three months or AED 350 whichever is greater), a flat fee of 0.125% minimum AED 200 for each negotiation and reinstatement 0.125% per month (minimum of 3 months) or minimum of AED 350 Back to back LC Bank risk commision as per agreement or minimum of AED 500 SWIFT Charges relating to LCs Issuance AED 300 Amendments AED 100 Administrative fee Import Collection Bills Handling commission Usance collection documents Documents delivered free of payment Dishonoured bills returned to remitting bank Documents transferred to another bank Avalisation Amendments to collection instructions Administrative fee Part settlement processing fee Shipping Guarantee/Delivery Order Commission on issuance under LC or collection General SWIFT charges relating to import other than LC s AED 150 p.m. as administrative fee on documents held unpaid or unaccepted after one month of sight or due date AED 100 on acceptance 0.125% p.m. (minimum of 3 months or AED 250, whichever is ) for bill usance period AED 150 flat AED 150 p.m as administrative fee on documents held unpaid or unaccepted after one month of sight or due date AED 100 per bill 0.125% flat on invoice value or minimum AED 200 for first month, and additional fee of AED 100 per month for transactions outstanding for more than one month AED 300 flat Pre-advice AED 100 Import Bills under LC Any outward message AED 100 Import Financing Handling commission (for direct presentation) Acceptance commission (from date of bank s acceptance to maturity) 0.125% flat on bill value or minimum AED 250, 0.125% p.m. (minimum of AED 250) Handling/processing fee for import financing (open account) Murabaha processing fee for bills under LC/collection basis 0.125% on financed amount or minimum AED 250, whichever is AED 350 for each bill For drawing in excess of the LC amount 0.125% flat on the excess amount (minimum of AED 200) Processing fee for partial/pre-settlement of finance contract AED 100 per transaction Reimbursement charges Documents presented under expired LCs charge for legalisation fee Documents if return unpaid/unaccepted USD 75 or equivalent per bill 0.125% flat on the excess amount (minimum of AED 200) to be deducted from your beneficiary account AED 25 per bill AED 150 flat EXPORTS Export LC Advising Commission - for Noor customers AED 200 Commission - for non Noor customers AED 300 Advising any attachment under LC AED 100
Export LC Amendment Advising GUARANTEES Commission - for Noor customers AED 150 Commission - for non Noor customers AED 200 Export LC - Confirmation Risk based pricing Minimum of AED 750 Letter of Guarantee (LG) - Issuance and Amendment Fixed ended guarantee Open ended guarantee 1.5% p.a. (minimum of 3 months) or AED 350, 2% p.a. (minimum of 3 months) or AED 350, Export LC - Assignment of Proceeds Commission AED 400 flat Advising another bank s guarantee AED 200 Handling commission on third party LG claims AED 500 Export LC - Transferring Full or Part LC Commission - for Noor customers Commission - for non Noor customers Export LC Amendment to the Transferred LC Commission - for Noor customers Commission - for non Noor customers Advising of LC/LC amendment to another bank Export bills under DC and on Collection Commission for handling a bill Processing fee for checking documents under DC AED 200 Commission on bills released free of payment 0.125% flat on transferred value or a minimum of AED 500, 0.25% flat on transferred value or a minimum of AED 750, 0.125% flat on increased value or a minimum of AED 500, 0.125% flat on increased value or a minimum of AED 750, Local - AED 100 Foreign - AED 200 0.125% flat on bill value or a minimum of AED 250, whichever is 0.125% flat on bill value or a minimum of AED 250, whichever is Commission on amendment to LG a. For increase in value of the LG b. For extension of expiry date c. For all other amendments Other Charges relating to LG Issuance by SWIFT AED 300 Amendment by SWIFT AED 200 Reissuance AED 200 Reduction in value AED 200 SWIFT charges AED 100 Islamic Covered Drawing Processing fees (new facility) 2% Takaful fees Annual renewal fees Secured Islamic Covered Drawing against investments a. Same as issuance of LG b. Same as issuance of LG c. AED 200 Local - AED 80 Foreign - AED 175 0.5% per annum Limit up to AED 100,000/fee AED 2,501 Limit up to AED 250,000/fee AED 5,001 N/A Processing fee for bill financing AED 200 Processing fee for partial settlement of collection bill AED 100 Acceptance processing fee AED 100 Export bill amendment fee AED 100 Reimbursement claim AED 150 Charges for tracers/reminders sent on unpaid bills AED 100 General SWIFT charges Local - AED 80 Foreign - AED 175 AED 100 per message
Trade (Effective 1st September 2018) IMPORTS charge for legalisation fee AED 25 per bill Letter of Credit (LC) Issuance Commission Documents if return unpaid/unaccepted AED 300 flat Letter of Credit Reinstatement charge Additional charge for LCs over 4 pages AED 100 Draft LC AED 300 LC Amendment Commission For increase in value For extension of expiry date Other amendment fees AED 250 First AED 100,000: 0.125% p.m. Balance amount: 0.0625% p.m. (minimum 3 months) or minimum of AED 500, (If the tolerance of the documentary credit is specified, e.g. +/- 10%, the commission will be calculated and charged on 110% of the Letter of Credit value) Reinstatement charge of 0.125% p.m. subject to a minimum of three months or AED 500, whichever is greater. Same as issuance of LC s Same as issuance of LC s Discrepancy fee Administrative fee Import Collection Bills Handling commission Usance collection documents Documents delivered free of payment Dishonoured bills returned to remitting bank Documents transferred to another bank USD 150 or equivalent on each set of discrepant bill AED 200 p.m. as administrative fee on documents held unpaid or unaccepted after one month of sight or due date 0.125% flat on the bill value or a minimum of AED350, whichever is AED 100 on acceptance 0.125% flat on the bill value or a minimum of AED 500 whichever is 0.125% flat on the bill value or a minimum of AED 350, whichever is Cancellation of LC Special Types of LCs Revolving documentary credits A flat fee of AED 300 in addition to SWIFT/courier/mail fees Opening commission of 0.125% p.m. on the face value of the LC for the entire validity of the documentary credit, subject to a minimum of three months or AED 500, whichever is greater. Avalisation Amendments to collection instructions Administrative fee 0.125% p.m. (minimum 3 months or AED 1000, ) for bill usance period AED 150 flat AED 200 p.m as administrative fee on documents held unpaid or unaccepted after one month of sight or due date Standby LC 0.125% per month (minimum of 3 months) or a minimum of AED 500, Back to back LC Bank risk commision as per agreement or minimum of AED 1,000 SWIFT Charges relating to LCs Issuance AED 300 Amendments AED 200 Pre-advice AED 100 Import Bills under LC Handling commission (for direct presentation) Acceptance commission (from date of bank s acceptance to maturity) 0.125% flat on bill value or a minimum of AED 350, 0.125% p.m. (minimum of AED 500) (The commission is calculated on a monthly basis for the number of months between the acceptance and maturity date, rounded off to the next month) For drawing in excess of the LC amount 0.125% p.m. on the excess amount (minimum of AED 500) Reimbursement charges Documents presented under expired LCs USD 100 or equivalent per bill 0.125% p.m. on the bill value (minimum AED 500) (Commission is calculated on a monthly basis for the number of months from the expiry date of LC till date of presentation of documents, rounded off to the next month) Part settlement processing fee Shipping Guarantee/Delivery Order Commission on issuance under LC or collection General SWIFT charges relating to import other than LC s AED 200 per bill Any outward message AED 100 Import Financing Handling/processing fee for open account finance Murabaha processing fee for bills under LC/collection basis Processing fee for partial/pre-settlement of finance contract 0.125% flat on invoice value or minimum AED 500 for first month, and additional fee of AED 100 per month for transactions outstanding for more than one month Local - AED 100 Foreign - AED 200 0.125% flat on financed amount or a minimum of AED 250, AED 350 for each bill AED 200 per transaction
EXPORTS Export LC Advising Commission for Noor Bank customers AED 300 Commission for non-noor Bank customers AED 400 Advising any attachment under LC AED 100 Export LC Amendment Advising Commission for Noor Bank customers AED 200 Commission for non-noor Bank customers AED 300 Export LC - Confirmation Risk based pricing As per arrangement subject to minimum of AED 1,000 Export LC - Assignment of Proceeds Commission 0.125% flat of assignment value, min AED 1,000 Export LC - Transferring Full or Part LC Commission for Noor Bank customers Commission for non-noor Bank customers Export LC Amendment to the Transferred LC Commission for Noor Bank customers Commission for non-noor Bank customers Advising of LC/LC amendment to another bank Export bills under DC and on Collection Commission for handling a bill 0.25% flat on transferred value or a minimum of AED 500, 0.25% flat on transferred value or a minimum of AED 1000, 0.25% flat on increased value or a minimum of 500, 0.25% flat on increased value or a minimum of AED 1000, Local - AED 150 Foreign - AED 250 0.125% flat on bill value or a minimum of AED 250, Export bill amendment fee AED 100 Reimbursement claim AED 300 Charges for tracers/reminders sent on unpaid bills AED 100 General SWIFT charges GUARANTEES Letter of Guarantee (LG) - Issuance and Amendment Fixed ended guarantee Open ended guarantee Advising another bank s guarantee AED 500 Handling commission on third party LG claims AED 500 Commission on amendment to LG a. For increase in value of the LG b. For extension of expiry date c. For all other amendments Other Charges relating to LG Issuance by SWIFT AED 300 Amendment by SWIFT AED 200 Reissuance AED 250 Reduction in value AED 200 Local - AED 100 Foreign - AED 200 AED 100 per message 1.5% p.a. (minimum of 3 months) or AED 350, 2% p.a. (minimum of 3 months) or AED 350, a. Same as issuance of LG b. Same as issuance of LG c. AED 250 Local - AED 100 Foreign - AED 200 SWIFT charges AED 100 Processing fee for checking documents under DC AED 250 Processing fee for pre checking documents under LC AED 250 Commission on bills released free of payment 0.25% flat on bill value or a minimum of AED 500, Processing fee for bill financing AED 200 Processing fee for partial settlement of collection bill AED 200 Acceptance processing fee AED 200 Discrepancy handling charges AED 250