1- FEES ON DEPOSIT ACCOUNTS & MIN BALANCE REQUIREMENT
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Current Account in AED or Foreign Currencies |
AED 105 or Equivalent per month if Min balance is below AED
25,000 |
|
|
Free if over AED 25,000 |
|
| Call Accounts |
AED 250,000 Minimum or Equivalent |
No interest will be paid if balance falls below the minimum required |
| A - Overdrafts will be as per the FSL advised to the customer and subject to change |
| B - The Bank reserves the right to raise the minimum balance requirement and /or impose a transaction charge on an account if the number of transactions exceed an acceptable level |
2- FIXED DEPOSITS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
|
AED 100,000 Minimum or Equivalent |
| Withdrawal before maturity in All Currencies |
A 2% penalty will be applied as per the prevailing rate at the time of withdrawal |
|
3- FACILITIES AND LOANS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Set up & Renewal of facilities |
Credit facilities would attract charges left at the sole discretion of the Bank and which will be advised at the time to the sanction of these facilities |
|
| Commitment Fee only on Loans |
A fee on unutilized facility will be charged on quarterly basis or as per agreement |
|
4- DOCUMENTS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| External Auditors Confirmation |
AED 262.5 |
|
| Certificate of Balances Held |
AED 262.5 |
|
| No Liability Letter |
AED 262.5 |
|
| Status Report |
AED 105 |
|
| Reference Letter |
AED 262.5 |
|
5- CHEQUES
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Cheque Book Issuance |
|
|
| First Checkbook |
Free up to 25 leaf |
|
Additional
|
1.05 AED per Leaf (Additional Cheque Book)
|
|
| This charge is levied when the Bank returns a cheque, Direct Debit or Standing Order |
| Returned Unpaid Cheques |
|
|
| - Deposited in the account and returned unpaid from clearing |
AED 26.25 |
| - Cheques drawn on us and returned unpaid for "Insufficient funds" |
AED 210 |
|
| * Accounts which have more than 4 cheques returned unpaid for Insufficient funds will be closed and account holder name will be reported to the UAE Central Bank for blacklisting |
|
|
|
| Stop Payment Lost Cheque |
AED 105 per item |
|
| Copies of Paid Cheques or other document |
AED 5.25 Per Page (Minimum AED 26.25) |
Up to Six Months |
|
AED 5.25 Per Page (Minimum AED 157.5) |
Over 6 Months |
| Special Clearing |
|
|
| Manager Cheque |
AED 78.75 |
If presented by our representative |
|
| SWIFT |
AED 131.25 |
If presented directly by customer |
| Drawn on Other Banks |
AED 215.25 |
If presented by our representative |
| AED Cheques for Clearing |
Free |
|
| AED Cheques for Collection (PDC) |
AED 15.75 per item |
|
| AED Cheques Discounted |
AED 10.5 per item (Minimum AED 26.25 per schedule) |
In addition to interest a 1/8% commission is levied on full amount |
| Cheques in Foreign Currencies |
AED 52.5 |
Plus Agent's commission if any |
| Certification of Cheque |
AED 52.5 per cheque |
|
| Hold Mail Charges |
AED 262.5 one time charge |
|
6- CASH DEPOSITS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| in AED |
Free |
|
| in US$ |
An Exchange commission of 0.5% (Min AED26.25) will be charged |
|
7- OTHER ACCOUNT FEES
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Closure of Account |
AED 105 |
|
| Dormant Account |
No Fees |
|
| Duplicate/Copy of Statement of Account |
|
| - Up to one month |
AED 26.25 |
|
| - Up to Six Months |
AED 52.5 |
|
| - Up to 1 Year |
AED 105 |
|
| - Over than 1 Year |
AED 315 |
|
| - Official Statement |
AED 262.5 |
|
8- OTHER PAYMENT FEES
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Standing Order |
AED 105 |
|
| Wages Protection System |
|
|
| Per transfer charges |
|
|
| WPS Funding Account |
AED 10.5 |
|
9- Personal & Auto Loans
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Interest Rate |
As per prior agreement |
|
| Arrangement Fees |
As per prior agreement |
|
| Insurance |
As per prior agreement |
|
| Penalty rate for repayment prior to maturity |
As per prior agreement |
|
| Penalty rate in case of default or late payment |
2% over the existing loan rate |
|
| Instalment deferral fee |
AED 105 |
|
| Loan Rescheduling |
AED 262.5 |
|
| Cancelation Fee |
AED 105 |
|
10- OD (OVER DRAFT)
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Highest Debit Balance |
0.05% per month |
As per agreement |
|
|
11- INWARD TRANSFERS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| (All Inward Transfers are subject to AML clearance) |
| In UAE Dirhams |
|
|
| - Credit to Customer's account with us |
Free |
|
| In foreign currency |
|
|
| - Credit to Customer's account with us |
AED 78.75 |
|
| - Paid Cash |
1% (Min AED 52.5 or equivalent) |
|
| - Transferred to Another Bank |
US$ 31.5 or Equivalent |
|
|
|
12- OUTWARD TRANSFERS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| UAE Dirham / Central Bank |
AED 78.75 |
|
| In Foreign Currencies (Direct) |
AED 105 or Equivelant |
Plus Agent's commission in any |
| In Foreign Currencies (with cover) |
AED 131.25 or Equivalent |
Plus Agent's commission in any |
| Beneficiaries account with BLOM Group |
AED 105 |
|
| ONLINE Charges |
AED 52.5 |
|
13- BANKER’S CHEQUE
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Managerial Cheques in AED |
0.10% of Cheque's amount Min AED 52.5 - Max AED 105 |
|
| In Foreign Currency |
0.10% of Cheque's amount Min AED 52.5 - Max AED 105 |
| Stop Payment Of Cheque |
AED 105 |
14- OUTWARD DOCUMENTARY COLLECTION
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| At Sight or Acceptance |
1/8% flat, Min AED 315 plus postage & SWIFT |
|
| Free of Payment |
¼% flat, Minimum AED 150 plus postage & Swift |
|
| If document are not withdrawn after 1 month of receipt |
AED 150 per month |
|
| If Acceptance not settled within 1 month of receipt |
AED 150 per month |
|
15- INWARD DOCUMENTARY COLLECTION
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| At Sight or Acceptance |
1/8% flat, Min AED 315 plus postage & SWIFT |
|
| Safe Keeping |
1 month AED 210 and more than 1 month AED 315 |
|
| Free of Payment |
1/4% flat, Min AED 315 plus postage & SWIFT |
|
| If document are not withdrawn after 1 month of
receipt |
AED 157.5 Per Month |
|
| If Acceptance not settled within 1 month of
receipt |
AED 157.5 Per Month |
|
16- IMPORT LETTERS OF CREDIT
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| L/C’s up to and including AED 300,000 or equivalent |
1/8% per month (minimum 3/8%) or AED 315 which ever is higher |
|
| L/C’s over AED 300,000 or equivalent |
1/8% per month on AED 300,000 plus 1/16% per month on balance. (minimum charge for a 3 month period) |
|
| Amendment |
AED 315 per amendment; for extensions & increases, same charges
as opening applies |
|
|
|
|
| SWIFT charges |
| Opening |
AED 367.5 |
|
| SWIFT Amendment charges |
AED 105 |
|
| Postage & Handling charges |
AED 26.25 |
|
| Acceptance |
3/16% per month (Min AED 315) |
|
| Un-utilized L/C |
AED 367.5 plus corespondant charges |
|
| Excess Drawing commission |
1/8% on excess (Min AED 315) |
|
| Discrepant Documents |
US$ 105 or Equivalent (to be deducted from the proceeds) |
|
| Back to Back L/C's issuance |
3/8% Additional processing fee AED 525 |
|
| Revolving L/C Commission |
3/8% of L/C value irrespective of amount & validity. Min AED 315
+ 1/8% on each negotiation |
|
| Transferable L/C's |
AED 525 Flat + Issuance charges |
|
| Standby L/C's - Issuance |
2% p.a. Min AED 315 |
|
17- EXPORT LETTERS OF CREDIT
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Advising |
AED 315 or Equivalent/For Non customer AED 700(Minimum) |
|
| Amendment advising commission |
AED 315 or Equivalent |
|
| Confirmation (subject to approval by the Bank) |
0.25% - quarter Min AED 525 |
|
| Negotiation / Acceptance commission |
3/16% flat (Min AED 315) |
|
| Acceptance |
AED 157.5 Flat |
|
| Courrier Charges |
|
|
| - Within UAE |
AED 105 |
|
| - Other Countries |
AED 262.5 |
|
|
|
|
18- LETTERS OF GUARANTEE
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Issuance |
1.50% p.a. (Min 3 months) subject to a minimum of AED 315 up to
1 year validity. 2% p.a. for auto renewable |
|
| Extensions/amendment in amount |
Same as issuance |
|
| Shipping Guarantees |
1/8% of the invoice value less margin held. Min AED 157.5 |
|
| Labour Guarantees |
|
|
| - 100% Margin |
1% p.a. Flat (Min AED 157.5) |
|
| - if less than 100 Margin |
2% p.a. Flat (Min AED 157.5) |
|
| Postage |
AED 26.25 |
|
| Advising Charges under LG |
AED 525 |
|
19- SAFE DEPOSIT LOCKERS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Refundable Deposit |
AED 1000 |
|
| Replacement of Lock/Key |
At cost |
|
|
|
|
| Annual Charges |
| Small |
AED 735 |
|
| Medium |
AED 1050 |
|
| Big |
AED 1575 |
|
| Large |
AED 2100 |
|
20- EBANKING
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| Subscription |
Free |
|
| Token Security Deposit |
AED 200 |
|
| Token Replacement |
AED 210 |
|
21- CARDS
| DESCRIPTION |
CHARGES (5% VAT Included) |
ADDITIONAL DESCRIPTION |
| BLOM BANK SAL, LEBANON Credit Cards |
| Type |
|
|
| Platinum |
Not Available |
|
| Gold |
Not Available |
|
| Classic |
Not Available |
|
| Internet |
Not Available |
|
|
|
|
| BLOM BANK FRANCE - U.A.E. Marstercard Direct Debit Card |
| Issuance Premium or Classic |
Free |
Free |
| Replacement |
AED 26.25 |
|
| PIN reissue |
AED 26.25 |
|
| Charge back process per case |
Free |
|
| Copy of Transaction |
AED 26.25 |
|
