Mbank Business

Digital business bank account

A Basic digital business account with payment, cheque and payroll tools.

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At a glance

Key facts

Account typeAED Basic business account with no monthly or annual service charge

Minimum balanceNone for the Basic business account

EligibilityUAE-registered business with valid trade licence, including free-zone companies

Digital accessInternet and app banking available without a service fee

Local transfersApp transfers within Mbank are free; UAE instant and FTS prices vary by channel and fee allocation

PayrollWPS setup and monthly processing are free; other-bank salary transfers are charged per transfer

Card limitsBusiness debit-card daily cash AED 100,000; POS and e-commerce AED 150,000

Cash deposit limitAED 100,000 daily and AED 500,000 monthly

Fees

Basic business account openingFree

Basic business account monthly service · per monthFree

Basic business account annual service · per yearFree

See all fees

Use cases

Use casesBusiness accounts, Payroll

Fees

Free

Basic business account opening

Free

Basic business account monthly service · per month

Free

Basic business account annual service · per year

Cash deposit at partner ATMFree

Cash deposit at listed exchange-house partnerAED 5.25

Branch-teller cash deposit, per transactionAED 52.5

Branch-teller cash withdrawal, per transactionAED 52.5

Mbank ATM cash withdrawalFree

Other UAE-bank ATM cash withdrawalAED 2.1

Other UAE-bank ATM balance inquiry or declineAED 1.05

GCC NET ATM cash withdrawalAED 6.3

GCC NET ATM balance inquiryAED 3.15

International ATM cash withdrawal plus scheme chargesAED 21

International Mastercard ATM balance inquiryAED 5.25

Own-account transfer by app or websiteFree

Own-account transfer at tellerAED 26.25

Transfer to another Mbank customer by app or websiteFree

Transfer to Mbank or another bank customer at tellerAED 52.5

Instant UAE payment up to AED 50,000 under SHAAED 0.525

Instant UAE payment up to AED 50,000 under BENFree

Instant UAE payment up to AED 50,000 under OURAED 1.05

UAE FTS outward transfer under SHAAED 2.63

UAE FTS outward transfer under BEN; deducted from proceedsAED 5.25

UAE FTS outward transfer under OURAED 5.25

Transfer with SAL purpose codeAED 52.5

Transfer with other purpose codeAED 3.15

Standing-order setup within Mbank by app or websiteFree

Standing-order setup to other bank by app or websiteAED 52.5

Charity standing-order setup by app or websiteFree

Standing-order setup at branchAED 105

Standing-order execution within MbankFree

Standing-order execution to other bankApplicable remittance charge

Standing-order amendment within MbankFree

Standing-order amendment to other bankAED 26.25

Standing order not executed for insufficient balanceAED 26.25

Standing-order cancellationFree

Sweep setup or cancellationAED 21

Direct-debit setupAED 105

Direct-debit amendmentAED 52.5

Direct-debit cancellationAED 52.5

Direct-debit failure for insufficient fundsAED 52.5

Credit-card direct-debit failureFree

Direct-debit stop paymentAED 52.5

Direct-debit mandate-recovery failureAED 105

Fixed-deposit early-withdrawal fixed chargeAED 105

First cheque book, subject to AED 10,000 statement balanceFree

Additional 50-leaf cheque book, per leaf plus courierAED 3.15

Additional cheque-book courier minimumAED 21

Cheque deposit at partner or Mbank ATMFree

Inward cheque clearingFree

Outward cheque clearingFree

Manager's cheque, demand draft or good-for-payment orderAED 78.75

Manager's cheque courierAED 21

Inward or outward special cheque clearing, per chequeAED 210

Inward returned chequeAED 367.5

Outward returned chequeFree

Post-dated cheque certified good for paymentAED 210

Customised cheque-book issuanceBy arrangement

Physical cheque deposit at branch tellerAED 21

Cheque stop payment with supporting legal documentAED 105

Lost cheque-book stop payment with supporting legal documentAED 525

Transaction record retrieval within one yearAED 78.75

Transaction record retrieval one to three years oldAED 210

Cheque retrieval over three years old, subject to availabilityAED 525

WPS one-time setupFree

WPS monthly processing · per monthFree

WPS transfer within MbankFree

WPS transfer to other bank, per transferAED 3.15

Non-WPS transfer to other bank, per transferAED 31.5

Non-WPS transfer within MbankFree

Payroll statementFree

WPS MOL ID cancellationAED 210

Bulk SAL-purpose transferAED 10.5

Bulk transfer-file uploadAED 105

First and additional business debit-card issuanceAED 26.25

Business debit-card early replacement or reissueAED 26.25

Business debit-card international purchase in non-AED currency3.15% of transaction plus Mastercard processing

Business debit-card international purchase in AED3.15% of transaction

Post-dated cheque lodged for collectionAED 10.5

Post-dated cheque withdrawal or postponementAED 21

Post-dated cheque returnedFree

Signed manual bank statement from Innovation HubAED 52.5

Basic business account closure within three monthsFree

Basic business account closure after three monthsAED 105

Business referral letterAED 210

Balance certificateAED 105

Audit confirmation by emailed PDFAED 157.5

Audit confirmation with original signatureAED 262.5

Liability letterAED 525

Outward-remittance SWIFT copyAED 52.5

Funds recall from Innovation Hub where possibleAED 105

Business document or cheque courierAED 21

Authorised-signatory confirmationAED 210

Shareholder capital-contribution confirmationAED 210

Trade licence absent 30 days after expiryAED 157.5

Trade licence absent 60 days after expiryAED 262

Trade licence absent each subsequent 30 daysAED 262.5

Good to know

Business onboarding

UAE trade licence, constitutional and incorporation documents where relevant, authority and owner IDs, address proof and bank statements may be requested. Abu Dhabi licence holders can use TAMM; other applicants use the Mbank site.

Cheque-book condition

Issuance of the included first cheque book requires at least AED 10,000 statement balance; later books carry per-leaf and courier charges.

Card access

Business debit cards require single-signatory authority. The formal schedule lists issuance and replacement charges and the daily cash and purchase limits.

Fixed deposits

Early fixed-deposit withdrawal pays interest one percentage point below the applicable actual-tenor rate, alongside the separately listed fixed charge.

Incidental overdraft

The schedule lists incidental overdraft interest of 24% per year with a published AED 210 minimum. Interest is separate from account-service fees.

International card purchases

Both AED and non-AED international purchases carry the published bank percentage. Non-AED purchases also add Mastercard processing, whose amount is not fixed in the schedule.

Important stuff

Mbank Business Account fees and charges

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At a glance

Key facts

Account typeAED Basic business account with no monthly or annual service charge

Minimum balanceNone for the Basic business account

EligibilityUAE-registered business with valid trade licence, including free-zone companies

Digital accessInternet and app banking available without a service fee

Local transfersApp transfers within Mbank are free; UAE instant and FTS prices vary by channel and fee allocation

PayrollWPS setup and monthly processing are free; other-bank salary transfers are charged per transfer

Card limitsBusiness debit-card daily cash AED 100,000; POS and e-commerce AED 150,000

Cash deposit limitAED 100,000 daily and AED 500,000 monthly

Fees

Basic business account openingFree

Basic business account monthly service · per monthFree

Basic business account annual service · per yearFree

See all fees

Use cases

Use casesBusiness accounts, Payroll

Fees

Free

Basic business account opening

Free

Basic business account monthly service · per month

Free

Basic business account annual service · per year

Cash deposit at partner ATMFree

Cash deposit at listed exchange-house partnerAED 5.25

Branch-teller cash deposit, per transactionAED 52.5

Branch-teller cash withdrawal, per transactionAED 52.5

Mbank ATM cash withdrawalFree

Other UAE-bank ATM cash withdrawalAED 2.1

Other UAE-bank ATM balance inquiry or declineAED 1.05

GCC NET ATM cash withdrawalAED 6.3

GCC NET ATM balance inquiryAED 3.15

International ATM cash withdrawal plus scheme chargesAED 21

International Mastercard ATM balance inquiryAED 5.25

Own-account transfer by app or websiteFree

Own-account transfer at tellerAED 26.25

Transfer to another Mbank customer by app or websiteFree

Transfer to Mbank or another bank customer at tellerAED 52.5

Instant UAE payment up to AED 50,000 under SHAAED 0.525

Instant UAE payment up to AED 50,000 under BENFree

Instant UAE payment up to AED 50,000 under OURAED 1.05

UAE FTS outward transfer under SHAAED 2.63

UAE FTS outward transfer under BEN; deducted from proceedsAED 5.25

UAE FTS outward transfer under OURAED 5.25

Transfer with SAL purpose codeAED 52.5

Transfer with other purpose codeAED 3.15

Standing-order setup within Mbank by app or websiteFree

Standing-order setup to other bank by app or websiteAED 52.5

Charity standing-order setup by app or websiteFree

Standing-order setup at branchAED 105

Standing-order execution within MbankFree

Standing-order execution to other bankApplicable remittance charge

Standing-order amendment within MbankFree

Standing-order amendment to other bankAED 26.25

Standing order not executed for insufficient balanceAED 26.25

Standing-order cancellationFree

Sweep setup or cancellationAED 21

Direct-debit setupAED 105

Direct-debit amendmentAED 52.5

Direct-debit cancellationAED 52.5

Direct-debit failure for insufficient fundsAED 52.5

Credit-card direct-debit failureFree

Direct-debit stop paymentAED 52.5

Direct-debit mandate-recovery failureAED 105

Fixed-deposit early-withdrawal fixed chargeAED 105

First cheque book, subject to AED 10,000 statement balanceFree

Additional 50-leaf cheque book, per leaf plus courierAED 3.15

Additional cheque-book courier minimumAED 21

Cheque deposit at partner or Mbank ATMFree

Inward cheque clearingFree

Outward cheque clearingFree

Manager's cheque, demand draft or good-for-payment orderAED 78.75

Manager's cheque courierAED 21

Inward or outward special cheque clearing, per chequeAED 210

Inward returned chequeAED 367.5

Outward returned chequeFree

Post-dated cheque certified good for paymentAED 210

Customised cheque-book issuanceBy arrangement

Physical cheque deposit at branch tellerAED 21

Cheque stop payment with supporting legal documentAED 105

Lost cheque-book stop payment with supporting legal documentAED 525

Transaction record retrieval within one yearAED 78.75

Transaction record retrieval one to three years oldAED 210

Cheque retrieval over three years old, subject to availabilityAED 525

WPS one-time setupFree

WPS monthly processing · per monthFree

WPS transfer within MbankFree

WPS transfer to other bank, per transferAED 3.15

Non-WPS transfer to other bank, per transferAED 31.5

Non-WPS transfer within MbankFree

Payroll statementFree

WPS MOL ID cancellationAED 210

Bulk SAL-purpose transferAED 10.5

Bulk transfer-file uploadAED 105

First and additional business debit-card issuanceAED 26.25

Business debit-card early replacement or reissueAED 26.25

Business debit-card international purchase in non-AED currency3.15% of transaction plus Mastercard processing

Business debit-card international purchase in AED3.15% of transaction

Post-dated cheque lodged for collectionAED 10.5

Post-dated cheque withdrawal or postponementAED 21

Post-dated cheque returnedFree

Signed manual bank statement from Innovation HubAED 52.5

Basic business account closure within three monthsFree

Basic business account closure after three monthsAED 105

Business referral letterAED 210

Balance certificateAED 105

Audit confirmation by emailed PDFAED 157.5

Audit confirmation with original signatureAED 262.5

Liability letterAED 525

Outward-remittance SWIFT copyAED 52.5

Funds recall from Innovation Hub where possibleAED 105

Business document or cheque courierAED 21

Authorised-signatory confirmationAED 210

Shareholder capital-contribution confirmationAED 210

Trade licence absent 30 days after expiryAED 157.5

Trade licence absent 60 days after expiryAED 262

Trade licence absent each subsequent 30 daysAED 262.5

Good to know

Business onboarding

Cheque-book condition

Issuance of the included first cheque book requires at least AED 10,000 statement balance; later books carry per-leaf and courier charges.

Card access

Business debit cards require single-signatory authority. The formal schedule lists issuance and replacement charges and the daily cash and purchase limits.

Fixed deposits

Early fixed-deposit withdrawal pays interest one percentage point below the applicable actual-tenor rate, alongside the separately listed fixed charge.

Incidental overdraft

The schedule lists incidental overdraft interest of 24% per year with a published AED 210 minimum. Interest is separate from account-service fees.

International card purchases

Both AED and non-AED international purchases carry the published bank percentage. Non-AED purchases also add Mastercard processing, whose amount is not fixed in the schedule.