bos bos

Rates, Fees & Charges

Published Nov 2019

Service / Product

Balance / Rate / Fee

CURRENT ACCOUNTS (INDIVIDUAL)

Minimum Balance

Resident

Non Resident

AED

3,000

50,000

USD

3,000

50,000

GBP

3,000

50,000

EUR

3,000

50,000

CHF

3,000

50,000

Monthly charge if balance falls below minimum balance

AED 25, USD 20, GBP 10, EUR 20, CHF 20

Interest on occasional debit balances

15% + AED 20

Overdraft arrangement fee

AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st 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)

Minimum Balance

Resident

Non Resident

AED

50,000

100,000

USD

50,000

100,000

GBP

50,000

100,000

EUR

50,000

100,000

CHF

50,000

100,000

Monthly charge if balance falls below minimum balance

AED 100, USD 25, GBP 15, EUR 25, CHF 25

Interest on occasional debit balances

15% + AED 20

Semi-annual handling charge

AED 250

Overdraft arrangement fee

1% of funded, Min AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st free, AED 50 per cheque book

 

Late copies of trade license, passport & visa

Trade 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

AED

3,000

USD

3,000

GBP

3,000

EUR

3,000

CHF

3,000

The interest amount will be calculated based on the minimum balance per month

NOTICE DEPOSIT ACCOUNTS (INDIVIDUAL)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 100, USD 25, GBP 15, EUR 25, CHF 25

If balance falls below the minimum

No interest is paid

NOTICE DEPOSIT ACCOUNTS (CORPORATE)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 200, USD 50, GBP 30, EUR 50, CHF 50

If balance falls below the minimum

No interest is paid

FIXED DEPOSIT ACCOUNTS

Minimum balances, tenor, and rates per currency

Available upon request

Penalty for withdrawal prior to maturity
(Subject to the discretion of the Bank)

Interest is paid as follows:
Interest rate applicable for the effective deposit
period at the time of placing the deposit less 1%

Service / Product

Balance / Rate / Fee

OVERDRAFTS

Interest rate

10-15%

Cancellation fee

AED 100

Arrangement fee for overdraft

1%, Min AED 100

Renewal fee

AED 200

Unarranged overdraft

AED 100 per occasion

PERSONAL  LOANS

Interest rate on salary loans

10-15%

Cancellation fee

AED 100

Processing fee - new loans

1%, Min AED 500, Max 2,500

Processing fee - top up loans

1%, Min AED 500, Max 2,500

Partial or early settlement

1% of the partial payment (only allowed 3 months after disbursement)

Installment deferral

AED 100

Loan rescheduling

AED 250

CAR LOANS

Interest rate

10-15%

Cancellation fee

AED 100

Processing fee

1%, Min AED 500, Max 2,500

Partial or early settlement

1% of the partial payment (only allowed 3 months after disbursement)

Installment deferral

AED 100

Loan rescheduling

AED 250

GENERAL FOR ALL LOANS

Interest rate on arrears

2% Penalty

Late payment fee

AED 200

Loan default / postponement fee

AED 250

No objection certification

Free

Balance certificate

Individuals: AED 50, Corporates: AED 250

Service / Product

Balance / Rate / Fee

COMMITMENT BY SIGNATURE (L/G's  etc..)

Issuance

0.125% per month, Min 3 months or AED 200

Amendment

AED 200

Extension / renewal

0.125% per month, Min 3 months or AED 200

Avals / direct payment

0.125% per month, Min 3 months or AED 200

LETTER OF CREDITS

IMPORT

Opening

0.125% per month, Min 3 months or AED 300

Amendment

AED 150 + SWIFT AED 100

Acceptance

0.1875% per month, Min AED 200

Shipping guarantees

0.125% per month, Min 3 months or AED 200

EXPORT

Advising

0.01% (Min AED 300) + SWIFT AED 100
(Non Customer: AED 550)

Confirmation

1.5% p.a., Min 3 months or AED 500

Amendment AED 150 + SWIFT AED 100
(Non Customer: AED 250)

Negotiation

0.125% Flat, Min AED 200

Reimbursement

AED 200

Exchange

0.25%, Min AED 200

Assignment of proceeds under L/C's

0.125% Flat, Min AED 250

Bills discount

0.125% Flat, Min AED 200

LOCAL

Payment commission

AED 200 per payment

Negotiation

0.125% Flat, Min AED 200

Assignment of proceeds under L/C's

0.125% Flat, Min AED 250

SWIFT charges

AED 100 per message

SWIFT / COURIER

SWIFT charges

MT 700 - AED 300, MT 707 - AED 100

Courier

Local: AED 100, International: AED 150

Service / Product

Balance / Rate / Fee

CREDIT CARDS

Gold card - joining fee

AED 350

Gold card - annual fee

AED 450

Classic card - joining fee

AED 175

Classic card - annual fee

AED 250

Card replacement

AED 75

Secret PIN code replacement

Through BOS ATMs - Free

Request Through Branch - AED 25

Cash advance fee

4.5%, Min AED 20

Over limit fee

AED 100

Copy of sales voucher

AED 25

DEBIT CARDS

Card issuance

Free

Card issuance – for supplementary card

AED 25

Card replacement

AED 25

Secret PIN code replacement

AED 25

Mini statement

Free

Balance inquiry

Free

Cash withdrawal - Bank of Sharjah ATM

Free

Cash withdrawal – non-Bank of Sharjah ATM in UAE

4 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) - local

Free

Point-of-Sale (POS) - international (outside UAE)

Free

Processing fee for foreign currency transaction
added to the foreign exchange rate

2%

Copy of sales voucher

AED 25

Service / Product

Balance / Rate / Fee

WIRE TRANSFERS – INCOMING

Transfer from within UAE – AED currency

AED 1

Transfer from outside UAE – credited to AED A/C

AED 25

Transfer from within/outside UAE – credited
to foreign currency A/C

USD 10, EUR 10, GBP 5, CHF 12

Cancellation of transfer

AED 50 + SWIFT charges

WIRE TRANSFERS – OUTGOING

Transfer within UAE

Requested through Branch:
Individuals: AED 5
Corporate: AED 75
Requested through eBOS:
Individuals: AED 1
Corporate: AED 75

Transfer to any single country and currency

AED 100

Transfer to a country different than its currency

AED 150

Cancellation of transfer

AED 150 + Correspondent bank charges

Amendment of transfer

AED 100

Transfer to Central Bank

AED 50

INTERNAL TRANSFERS (Bank of Sharjah Customers)

Transfer from one account to another
account within the bank

Requested through Branch: AED 5
Requested through eBOS: Free

Service / Product

Balance / 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 Securities

0.15 % of securities value

Annual Custody & Services fee

0.25 % of portfolio value (charged quarterly)

Where applicable, third party fees, taxes, bourse levies and further third party costs will be charged separately

Service / Product

Balance / Rate / Fee

ESCROW ACCOUNTS FOR REAL ESTATE DEVELOPERS APPROVED BY THE DUBAI LAND DEPARTMENT

Account opening/closing fee

AED 5,000

Escrow administration fee

0.025% for each unit sold

Unit registration fee

AED 500

Unit transfer/amendment fee

AED 500

Progress payment certificate verification

AED 1,000

Escrow interest rate remuneration

As per agreement

Maintenance fee - monthly (per unit)

AED 50

Service / Product

Balance / Rate / Fee

SAFE DEPOSIT BOXES

Annual rental - small

AED 1,000

Annual rental - medium

AED 1,500

Annual rental - large

AED 2,000

Annual rental - extra large

AED 3,000

Key deposit

AED 3,000 (refundable)

Replacement of lost key

AED 3,000

WAGES PROTECTION SYSTEM (WPS)

Charges per SIF file

AED 50 + AED 5 (for each record), Min AED 100

WPS funding account transfer

Requested through Branch: AED 100
Requested through eBOS: AED 75

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.

Published Nov 2019

Service / Product

Balance / Rate / Fee

CURRENT ACCOUNTS (INDIVIDUAL)

Minimum Balance

Resident

Non Resident

AED

3,000

50,000

USD

3,000

50,000

GBP

3,000

50,000

EUR

3,000

50,000

CHF

3,000

50,000

Monthly charge if balance falls below minimum balance

AED 25, USD 20, GBP 10, EUR 20, CHF 20

Interest on occasional debit balances

15% + AED 20

Overdraft arrangement fee

AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st 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)

Minimum Balance

Resident

Non Resident

AED

50,000

100,000

USD

50,000

100,000

GBP

50,000

100,000

EUR

50,000

100,000

CHF

50,000

100,000

Monthly charge if balance falls below minimum balance

AED 100, USD 25, GBP 15, EUR 25, CHF 25

Interest on occasional debit balances

15% + AED 20

Semi-annual handling charge

AED 250

Overdraft arrangement fee

1% of funded, Min AED 200

Insurance fee

To be notified at the time

Cheque book charge

1st free, AED 50 per cheque book

 

Late copies of trade license, passport & visa

Trade 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

AED

3,000

USD

3,000

GBP

3,000

EUR

3,000

CHF

3,000

The interest amount will be calculated based on the minimum balance per month

NOTICE DEPOSIT ACCOUNTS (INDIVIDUAL)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 100, USD 25, GBP 15, EUR 25, CHF 25

If balance falls below the minimum

No interest is paid

NOTICE DEPOSIT ACCOUNTS (CORPORATE)

Minimum Balance

AED

500,000

USD

100,000

GBP

100,000

EUR

100,000

CHF

100,000

Semi-annual handling charge

AED 200, USD 50, GBP 30, EUR 50, CHF 50

If balance falls below the minimum

No interest is paid

FIXED DEPOSIT ACCOUNTS

Minimum balances, tenor, and rates per currency

Available upon request

Penalty for withdrawal prior to maturity
(Subject to the discretion of the Bank)

Interest is paid as follows:
Interest rate applicable for the effective deposit
period at the time of placing the deposit less 1%

Service / Product

Balance / Rate / Fee

OVERDRAFTS

Interest rate

10-15%

Cancellation fee

AED 100

Arrangement fee for overdraft

1%, Min AED 100

Renewal fee

AED 200

Unarranged overdraft

AED 100 per occasion

PERSONAL  LOANS

Interest rate on salary loans

10-15%

Cancellation fee

AED 100

Processing fee - new loans

1%, Min AED 500, Max 2,500

Processing fee - top up loans

1%, Min AED 500, Max 2,500

Partial or early settlement

1% of the partial payment (only allowed 3 months after disbursement)

Installment deferral

AED 100

Loan rescheduling

AED 250

CAR LOANS

Interest rate

10-15%

Cancellation fee

AED 100

Processing fee

1%, Min AED 500, Max 2,500

Partial or early settlement

1% of the partial payment (only allowed 3 months after disbursement)

Installment deferral

AED 100

Loan rescheduling

AED 250

GENERAL FOR ALL LOANS

Interest rate on arrears

2% Penalty

Late payment fee

AED 200

Loan default / postponement fee

AED 250

No objection certification

Free

Balance certificate

Individuals: AED 50, Corporates: AED 250

Service / Product

Balance / Rate / Fee

COMMITMENT BY SIGNATURE (L/G's  etc..)

Issuance

0.125% per month, Min 3 months or AED 200

Amendment

AED 200

Extension / renewal

0.125% per month, Min 3 months or AED 200

Avals / direct payment

0.125% per month, Min 3 months or AED 200

LETTER OF CREDITS

IMPORT

Opening

0.125% per month, Min 3 months or AED 300

Amendment

AED 150 + SWIFT AED 100

Acceptance

0.1875% per month, Min AED 200

Shipping guarantees

0.125% per month, Min 3 months or AED 200

EXPORT

Advising

0.01% (Min AED 300) + SWIFT AED 100
(Non Customer: AED 550)

Confirmation

1.5% p.a., Min 3 months or AED 500

Amendment AED 150 + SWIFT AED 100
(Non Customer: AED 250)

Negotiation

0.125% Flat, Min AED 200

Reimbursement

AED 200

Exchange

0.25%, Min AED 200

Assignment of proceeds under L/C's

0.125% Flat, Min AED 250

Bills discount

0.125% Flat, Min AED 200

LOCAL

Payment commission

AED 200 per payment

Negotiation

0.125% Flat, Min AED 200

Assignment of proceeds under L/C's

0.125% Flat, Min AED 250

SWIFT charges

AED 100 per message

SWIFT / COURIER

SWIFT charges

MT 700 - AED 300, MT 707 - AED 100

Courier

Local: AED 100, International: AED 150

Service / Product

Balance / Rate / Fee

CREDIT CARDS

Gold card - joining fee

AED 350

Gold card - annual fee

AED 450

Classic card - joining fee

AED 175

Classic card - annual fee

AED 250

Card replacement

AED 75

Secret PIN code replacement

Through BOS ATMs - Free

Request Through Branch - AED 25

Cash advance fee

4.5%, Min AED 20

Over limit fee

AED 100

Copy of sales voucher

AED 25

DEBIT CARDS

Card issuance

Free

Card issuance – for supplementary card

AED 25

Card replacement

AED 25

Secret PIN code replacement

AED 25

Mini statement

Free

Balance inquiry

Free

Cash withdrawal - Bank of Sharjah ATM

Free

Cash withdrawal – non-Bank of Sharjah ATM in UAE

4 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) - local

Free

Point-of-Sale (POS) - international (outside UAE)

Free

Processing fee for foreign currency transaction
added to the foreign exchange rate

2%

Copy of sales voucher

AED 25

Service / Product

Balance / Rate / Fee

WIRE TRANSFERS – INCOMING

Transfer from within UAE – AED currency

AED 1

Transfer from outside UAE – credited to AED A/C

AED 25

Transfer from within/outside UAE – credited
to foreign currency A/C

USD 10, EUR 10, GBP 5, CHF 12

Cancellation of transfer

AED 50 + SWIFT charges

WIRE TRANSFERS – OUTGOING

Transfer within UAE

Requested through Branch:
Individuals: AED 5
Corporate: AED 75
Requested through eBOS:
Individuals: AED 1
Corporate: AED 75

Transfer to any single country and currency

AED 100

Transfer to a country different than its currency

AED 150

Cancellation of transfer

AED 150 + Correspondent bank charges

Amendment of transfer

AED 100

Transfer to Central Bank

AED 50

INTERNAL TRANSFERS (Bank of Sharjah Customers)

Transfer from one account to another
account within the bank

Requested through Branch: AED 5
Requested through eBOS: Free

Service / Product

Balance / 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 Securities

0.15 % of securities value

Annual Custody & Services fee

0.25 % of portfolio value (charged quarterly)

Where applicable, third party fees, taxes, bourse levies and further third party costs will be charged separately

Service / Product

Balance / Rate / Fee

ESCROW ACCOUNTS FOR REAL ESTATE DEVELOPERS APPROVED BY THE DUBAI LAND DEPARTMENT

Account opening/closing fee

AED 5,000

Escrow administration fee

0.025% for each unit sold

Unit registration fee

AED 500

Unit transfer/amendment fee

AED 500

Progress payment certificate verification

AED 1,000

Escrow interest rate remuneration

As per agreement

Maintenance fee - monthly (per unit)

AED 50

Service / Product

Balance / Rate / Fee

SAFE DEPOSIT BOXES

Annual rental - small

AED 1,000

Annual rental - medium

AED 1,500

Annual rental - large

AED 2,000

Annual rental - extra large

AED 3,000

Key deposit

AED 3,000 (refundable)

Replacement of lost key

AED 3,000

WAGES PROTECTION SYSTEM (WPS)

Charges per SIF file

AED 50 + AED 5 (for each record), Min AED 100

WPS funding account transfer

Requested through Branch: AED 100
Requested through eBOS: AED 75

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.