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Arab Bank UAE Corporate logo

Arab Bank UAE Corporate

Corporate current and call accounts

Multi-currency corporate accounts with manual and online payments, collections and payroll.

Explore

At a glance

Key facts

Account typeCorporate current and call accounts; fixed deposits are a separate option
Opening depositCurrent and call: AED 100,000, USD 30,000 or AED 100,000 equivalent in other currencies
Minimum balanceCurrent and call: monthly average AED 100,000, USD 30,000 or AED 100,000 equivalent in other currencies across accounts of one entity
Fixed deposit minimumAED 100,000, USD 35,000 or AED 100,000 equivalent in other currencies
Cheque bookFirst regular 50-leaf book included on a corporate current account
International transfersManual SWIFT and Corporate@Arabi online international transfers; channel and bulk-file charges differ
PayrollNon-WPS salary files and WPS WebLink salary processing; file and beneficiary fees differ
Digital accessCorporate Digital Gateway and Corporate@Arabi give balances, payments, collections and reporting
Cash managementLiquidity management, payables, receivables and account reporting
Tariff dateLinked corporate cash-management tariff dated 1 December 2015

Fees

Current account below AED 100,000 monthly average · per monthAED 210
Current account below USD 30,000 monthly average · per monthUSD 52.5
Current account in other currency below AED 100,000-equivalent monthly average · per monthAED 210
See all fees

Use cases

Use casesBusiness accounts, International payments, Payroll

Fees

210AED

Current account below AED 100,000 monthly average · per month

52.5USD

Current account below USD 30,000 monthly average · per month

210AED

Current account in other currency below AED 100,000-equivalent monthly average · per month

Call account below AED 100,000 monthly average · per monthAED 210
Call account below USD 30,000 monthly average · per monthUSD 52.5
Call account in other currency below AED 100,000-equivalent monthly average · per monthAED 210
First regular 50-leaf cheque bookFree
Later regular 50-leaf cheque bookAED 52.5
Custom company-logo cheques, minimum 500 leavesFrom AED 1,312.50 by design
Counter cheque encashmentAED 52.5
Cheque stop paymentAED 105
Returned chequeAED 210
Cheque photocopyAED 26.25
Statement in regular cycleFree
Duplicate statement, each month up to six monthsAED 26.25
Duplicate statement, each month beyond six monthsAED 52.5
First fixed-deposit certificateFree
Later fixed-deposit certificate reissueAED 26.25
Account closure before six monthsAED 525
Account closure after six monthsAED 210
Company-under-formation letterAED 525
Balance confirmation letterAED 210
Release letterAED 525
Letter issued to government departmentAED 210
Liability or no-liability certificateAED 210
Good-standing or introduction letterAED 210
Audit confirmationAED 525
Signature verification letterAED 105
Trade licence not updated within 30 days of expiry · per monthAED 210
Signatory passport or residency visa not updated within 60 days · per monthAED 52.5
Counter AED cash deposit or withdrawal above AED 500,000 cumulative daily0.00525% of excess daily amount
USD cash deposit or withdrawal1.05% · minimum AED 52.50
Other foreign-currency cash deposit or withdrawal2.1% · minimum AED 52.50
Dormant-account activationAED 52.5
Closed-account reopeningAED 105
Manual UAE local-currency outward transfer · per transferAED 36.75
Manual local transfer OUR surcharge · per transferAED 1.05
Manual transfer between own Arab Bank UAE accountsFree
Manual GCC transfer in destination currency · per transferAED 52.5
Manual GCC transfer in AED · per transferAED 78.75
Manual transfer to listed Arab Bank regional branches · per transferAED 52.5
Manual other international SWIFT transfer · per transferAED 89.25
Foreign-currency outward transfer OUR surcharge · per transferAED 131.25
Transfer recallAED 105
First copy of outward SWIFT adviceFree
Later copy of outward SWIFT adviceAED 10.5
Manual transfer amendment or details-returnAED 105
Manual AED manager's chequeAED 36.75
Manual foreign-currency demand draftAED 52.5
Manager's cheque or demand-draft cancellationAED 105
Non-WPS hardcopy salary processing, per instructionAED 210
Non-WPS hardcopy salary to Arab Bank, per employeeAED 5.25
Non-WPS hardcopy salary to another bank, per employeeAED 10.5
Non-WPS softcopy salary processing, per instructionAED 105
Non-WPS softcopy salary to Arab BankFree
Non-WPS softcopy salary to another bank, per employeeAED 5.25
Corporate@Arabi UAE transfer · per transferAED 26.25
Corporate@Arabi UAE bulk-file transfer · per transferAED 21
Corporate@Arabi own-account or book transferFree
Corporate@Arabi international transfer · per transferAED 52.5
Corporate@Arabi international bulk-file transfer · per transferAED 42
Corporate@Arabi SWIFT payment advice imageFree
Corporate@Arabi AED manager's chequeAED 26.25
Corporate@Arabi bulk AED manager's chequeAED 21
Corporate@Arabi foreign-currency draftAED 31.5
Corporate@Arabi bulk foreign-currency draftAED 26.25
Single direct-debit collectionAED 21
Bulk direct-debit collection per remitterAED 10.5
Direct-debit reconciliationFree
Corporate@Arabi salary transfer, per employeeAED 5.25
WPS WebLink setup · one-timeAED 262.5
WPS salary file for up to 50 employeesAED 26.25
WPS salary file for 51–100 employeesAED 52.5
WPS salary file for 101 or more employeesAED 105
WPS salary payment, per employeeAED 5.25
Domestic AED inward transfer · per transferAED 1.05
Foreign-currency inward transfer · per transferAED 26.25
Local cheque clearingFree
Post-dated cheque custody lodgingAED 15.75
Post-dated cheque custody withdrawalAED 26.25
Post-dated cheque due-date deferralAED 15.75
Post-dated cheque discount processing, per item0.13125% · minimum AED 26.25
Post-dated cheque hardcopy monthly reportAED 52.5
Special cheque clearingAED 215.25
International foreign-currency draft collection0.13125% · minimum AED 367.50 plus AED 157.50 collection
Manual standing instruction setup · one-timeAED 52.5
Manual standing instruction amendmentAED 52.5
Manual standing instruction cancellationAED 26.25
Manual standing instruction · per monthAED 10.5
Standing instruction to another bank failing for insufficient fundsAED 52.5
Corporate@Arabi viewing-only initial setup · one-timeAED 210
Corporate@Arabi viewing-only access after first waived month · per monthAED 105
Corporate@Arabi payments initial setup · one-timeAED 420
Corporate@Arabi payments access after first waived month · per monthAED 210
Corporate@Arabi additional tokenAED 105
Corporate@Arabi additional account reportingAED 10.5
SWIFT MT 940/942/950 statement setup, per accountAED 420
SWIFT MT 940/942/950 statement transmission, per account · per monthAED 210
SMS mobile service setupAED 105
SMS mobile service subscription · per monthAED 52.5
Armoured cash-collection setupAED 525
Armoured cash-collection monthly serviceBy arrangement

Good to know

Dated tariff

The official UAE corporate cash-management tariff used for these charges is dated 1 December 2015. Confirm any later changes with Arab Bank.

Separate transfer costs

Correspondent, postal, courier and communication charges can also apply to payments. Standing instructions to other banks also incur outward-transfer charges.

Digital access

Corporate@Arabi viewing and payment access have separate setup and maintenance charges. Each includes a first-month maintenance waiver and a limited number of tokens and reportable accounts.

Important stuff

Arab Bank UAE corporate cash-management tariff (1 Dec 2015)

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