Bank Of Sharjah Psc Fees

Service / ProductBalance / Rate / Fee
CURRENT ACCOUNTS (INDIVIDUAL) – RESIDENTS ONLY
Minimum Balance
AED3,000
USD3,000
GBP3,000
EUR3,000
CHF3,000
Monthly charge if balance falls below minimum balanceAED 25, USD 20, GBP 10, EUR 20, CHF 20
Interest on occasional debit balances15% + AED 20
Overdraft arrangement feeAED 200
Insurance feeTo be notified at the time
Cheque book charge1st free, AED 25 per cheque book (AED 1 per cheque)
Late copies of passport, visa & Emirates ID (when applicable)AED 50 per month (after 2 months of expiry)
CURRENT ACCOUNTS (CORPORATE) – RESIDENTS ONLY
Minimum Balance
AED50,000
USD50,000
GBP50,000
EUR50,000
CHF50,000
Monthly charge if balance falls below minimum balanceAED 100, USD 25, GBP 15, EUR 25, CHF 25
Interest on occasional debit balances15% + AED 20
Semi-annual handling chargeAED 250
Overdraft arrangement fee1% of funded, Min AED 200
Insurance feeTo be notified at the time
Cheque book charge1st free, AED 50 per cheque book
 Late copies of trade license, passport & visaTrade License: AED 150 per month (after 1 month of expiry)Passport & Visa: AED 50 per month (after 2 months of expiry)
SAVING ACCOUNTS (INDIVIDUAL)
Minimum Balance
AED3,000
USD3,000
GBP3,000
EUR3,000
CHF3,000
The interest amount will be calculated based on the minimum balance per month
NOTICE DEPOSIT ACCOUNTS (INDIVIDUAL)
Minimum BalanceResidentNon Resident
AED3,00050,000
USD3,00050,000
GBP3,00050,000
EUR3,00050,000
CHF3,00050,000
Monthly charge if balance falls below minimum balanceAED 25, USD 20, GBP 10, EUR 20, CHF 20
No interest is paid if balance falls belowAED 500,000, USD 100,000, GBP 100,000, EUR 100,000, CHF 100,000
Semi-annual handling chargeAED 100, USD 25, GBP 15, EUR 25, CHF 25
NOTICE DEPOSIT ACCOUNTS (CORPORATE)
Minimum BalanceResidentNon Resident
AED50,000100,000
USD50,000100,000
GBP50,000100,000
EUR50,000100,000
CHF50,000100,000
Monthly charge if balance falls below minimum balanceAED 100, USD 25, GBP 15, EUR 25, CHF 25
No interest is paid if balance falls belowAED 500,000, USD 100,000, GBP 100,000, EUR 100,000, CHF 100,000
Semi-annual handling chargeAED 200, USD 50, GBP 30, EUR 50, CHF 50
FIXED DEPOSIT ACCOUNTS
Minimum balances, tenor, and rates per currencyAvailable upon request
Penalty for withdrawal prior to maturity
 
Interest is paid as follows:
Interest rate applicable for the effective deposit
period at the time of placing the deposit less 1%

Terms & Conditions Apply

The Bank may debit the Account and the Customer will on demand pay the Bank’s charges and fees for the operation of the Account and other facilities and services provided to the Customer by the Bank. The Bank may amend, at any time without prior notice, its charges, commissions or fees. Based on risk, terms may vary from the standard applicable rates. All charges, commissions and fees are exclusive of Value Added Tax (VAT). If VAT is applicable, it will be chargeable and payable in addition to, and at the same time as, the above mentioned charges.

Service / ProductBalance / Rate / Fee
OVERDRAFTS
Interest rate10-15%
Cancellation feeAED 100
Arrangement fee for overdraft1%, Min AED 100
Renewal feeAED 200
Unarranged overdraftAED 100 per occasion
PERSONAL  LOANS
Interest rate on salary loans10-15%
Cancellation feeAED 100
Processing fee – new loans1%, Min AED 500, Max 2,500
Processing fee – top up loans1%, Min AED 500, Max 2,500
Partial or early settlement1% of the partial payment (only allowed 3 months after disbursement)
Installment deferralAED 100
Loan reschedulingAED 250
CAR LOANS
Interest rate10-15%
Cancellation feeAED 100
Processing fee1%, Min AED 500, Max 2,500
Partial or early settlement1% of the partial payment (only allowed 3 months after disbursement)
Installment deferralAED 100
Loan reschedulingAED 250
GENERAL FOR ALL LOANS
Interest rate on arrears2% Penalty
Late payment feeAED 200
Loan default / postponement feeAED 250
No objection certificationFree
Balance certificateIndividuals: AED 50, Corporates: AED 250

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
COMMITMENT BY SIGNATURE (L/G’s  etc..)
Issuance0.125% per month, Min 3 months or AED 200
AmendmentAED 200
Extension / renewal0.125% per month, Min 3 months or AED 200
Avals / direct payment0.125% per month, Min 3 months or AED 200
LETTER OF CREDITS
IMPORT
Opening0.125% per month, Min 3 months or AED 300
AmendmentAED 150 + SWIFT AED 100
Acceptance0.1875% per month, Min AED 200
Shipping guarantees0.125% per month, Min 3 months or AED 200
EXPORT
Advising0.01% (Min AED 300) + SWIFT AED 100
(Non Customer: AED 550)
Confirmation1.5% p.a., Min 3 months or AED 500
AmendmentAED 150 + SWIFT AED 100
(Non Customer: AED 250)
Negotiation0.125% Flat, Min AED 200
ReimbursementAED 200
Exchange0.25%, Min AED 200
Assignment of proceeds under L/C’s0.125% Flat, Min AED 250
Bills discount0.125% Flat, Min AED 200
LOCAL
Payment commissionAED 200 per payment
Negotiation0.125% Flat, Min AED 200
Assignment of proceeds under L/C’s0.125% Flat, Min AED 250
SWIFT chargesAED 100 per message
SWIFT / COURIER
SWIFT chargesMT 700 – AED 300, MT 707 – AED 100
CourierLocal: AED 100, International: AED 150

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
CREDIT CARDS
Gold card – joining feeAED 350, USD 100
Gold card – annual feeAED 450, USD 125
Classic card – joining feeAED 175, USD 50
Classic card – annual feeAED 250, USD 70
Card replacementAED 75, USD 20
Secret PIN code replacementThrough BOS ATMs: FreeThrough Branch: AED 25, USD 10
Cash advance fee4.5%, Min AED 20, USD 10
Over limit feeAED 100, USD 30
Copy of sales voucherAED 25
Interest on overdue payment15%
DEBIT CARDS
Card issuanceFree
Supplementary card issuanceAED 25
Card replacementAED 25
Secret PIN code replacementThrough BOS ATMs: FreeThrough Branch: AED 25
Mini statementFree
Balance inquiryFree
Cash withdrawal – Bank of Sharjah ATMFree
Cash withdrawal – non-Bank of Sharjah ATM in UAE4 transactions free of charge per month; additional
transactions charged AED 2 per transaction
Cash withdrawal – international (outside UAE)2% of the cash amount (Min AED 20,
Max AED 100 per transaction)
Point-of-Sale (POS) – localFree
Point-of-Sale (POS) – international (outside UAE)Free
Processing fee for foreign currency transaction
added to the foreign exchange rate
2%
Copy of sales voucherAED 25

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
CASH (CURRENCY NOTES DEPOSIT IN SAME CURRENCY ACCOUNT)
USD0.5% to 1%, Min USD 10
All foreign currency other than USD1%, Min FCU 10 (Foreign Currency Unit)
CHEQUES SENT FOR COLLECTION
Clearing chequeFree (within UAE)
Cheque for collectionFree (within UAE)
Corresponding bank collection chargesCorrespondent bank charges
Cheque collection charge (all foreign currency in UAE)AED 50 + Correspondent bank charges
Cheque drawn on other countriesAED 50 + Courier + Correspondent bank charges
Cheque sent directly to the drawee bank for collectionAED 100 + Courier + Correspondent bank charges
Outward clearing cheque return chargeFree
Cheque drawn on us with no sufficient fundsAED 100 + Central Bank charges (as applicable)
Stop payment – cheques drawn on the bankAED 50
INCOMING CLEAN COLLECTION
Cheque sent by overseas bankAED 150, USD 40
Inward cheque collection charge foreign currency (local)AED 125
DEMAND DRAFTS & MANAGER CHEQUES
Demand drafts / manager chequesAED 30
Stop payment of demand draft / manager chequeAED 75
Stop payment of foreign demand draft
(subject to applicable laws and banking practices)
AED 75 + Correspondent bank charges
CHEQUES NEGOTIATED/ DISCOUNTED
Post-dated cheque (PDC) discounting charge0.125% of cheque amount, Min AED 75 (per cheque)
POST DATED CHEQUES FOR COLLECTION
Handling chargeFree
Cheque withdrawn prior to maturityAED 10
STANDING ORDERS
Set-upIndividuals: AED 50, Corporates: AED 100
Non-availability of funds on due date (S/O failure)AED 25
Amendment of existing standing orderAED 50
SPECIAL CLEARING
Special clearing chargeAED 205
OTHERS
Certification of sight cheque1%, Min AED 100, Max AED 1,000
Audit confirmation/Letter of introductionCorporates: AED 250
Credit informationAED 250
Balance certificateIndividuals: AED 50, Corporates: AED 250
No liability certificateAED 50
Release letterAED 50
Account closingAED 100 (if within one year of opening)
SWIFT statementAED 100 per month
Duplicate statementIndividuals: AED 25, Corporates: AED 50
Hold mailAED 250
Fax statement- only three months backAED 5 per sheet
Trade license certificateAED 250

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
WIRE TRANSFERS – INCOMING
Transfer from within UAE – AED currencyAED 1
Transfer from outside UAE – credited to AED A/CAED 25
Transfer from within/outside UAE – credited
to foreign currency A/C
USD 10, EUR 10, GBP 5, CHF 12
Cancellation of transferAED 50 + SWIFT charges
WIRE TRANSFERS – OUTGOING
Transfer within UAEThrough Branch:
Individuals: AED 5
Corporates: AED 75
Through eBOS:
Individuals: AED 1
Corporates: AED 75
Transfer to any single country and currencyAED 100
Transfer to a country different than its currencyAED 150
Cancellation of transferAED 150 + Correspondent bank charges
Amendment of transferAED 100
Transfer to Central BankAED 50
INTERNAL TRANSFERS (Bank of Sharjah Customers)
Transfer from one account to another
account within the bank
Through Branch: AED 5
Through eBOS: Free

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
SECURITIES TRANSACTIONS & CUSTODY
Commission on Equity transactions & other
exchange traded products
0.50 % of traded value
Commission on Fixed Income transactions (incl. Sukuk)0.25 % of traded value
Outward Transfer Securities0.15 % of securities value
Annual Custody & Services fee0.25 % of portfolio value (charged quarterly)
Where applicable, third party fees, taxes, bourse levies and further third party costs will be charged separately

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
ESCROW ACCOUNTS FOR REAL ESTATE DEVELOPERS APPROVED BY THE DUBAI LAND DEPARTMENT
Account opening/closing feeAED 5,000
Escrow administration fee0.025% for each unit sold
Unit registration feeAED 500
Unit transfer/amendment feeAED 500
Progress payment certificate verificationAED 1,000
Escrow interest rate remunerationAs per agreement
Maintenance fee – monthly (per unit)AED 50

Terms & Conditions Apply

Service / ProductBalance / Rate / Fee
SAFE DEPOSIT BOXES
Annual rental – smallAED 1,000
Annual rental – mediumAED 1,500
Annual rental – largeAED 2,000
Annual rental – extra largeAED 3,000
Key depositAED 3,000 (refundable)
Replacement of lost keyAED 3,000
WAGES PROTECTION SYSTEM (WPS)
Charges per SIF fileAED 50 + AED 5 (for each record), Min AED 100
WPS funding account transferThrough Branch: AED 100
Through eBOS: AED 75

Terms & Conditions Apply