Emirates NBD stands as one of the UAE’s most trusted and largest banking institutions, offering a wide range of personal banking services with transparent and well-structured fees.
Understanding these charges is crucial for managing your finances, meeting account requirements, and avoiding unexpected costs.
Account Maintenance and Minimum Balance Charges
Managing your Emirates NBD account effectively starts with understanding the fees and conditions tied to your account type.
- Minimum Balance Requirement: Most personal accounts require a minimum monthly average balance of AED 3,000. If your balance dips below this, a monthly fee of AED 52.50 applies.
- Salary Transfer Accounts: Accounts with regular salary credits (typically AED 5,000 or more per month) are exempt from the minimum balance fee.
- Account Opening: Free for personal accounts.
- Account Closure (within 6 months): AED 105 (subject to confirmation—not always specified in the latest schedules; check with the bank).
- Teller Transactions: The number of free teller transactions varies by account. For example, some accounts offer up to 10 free transactions per year (subject to transaction value), not per month. Additional teller transactions may incur a fee of AED 10.50 each.
Banking Packages and Eligibility
Emirates NBD offers several banking packages tailored to different customer needs, including Youth, Priority, and Salary Transfer accounts. Each package comes with its own set of benefits and fee structures.
- Youth Accounts: Designed for students and young adults, often with reduced fees and special offers.
- Priority Banking: For customers maintaining higher balances or with specific relationship tiers, offering fee waivers and premium services.
- Salary Transfer Accounts: As mentioned, these accounts waive the minimum balance fee if salary credits meet the bank’s requirements.
Debit and Credit Card Fees
Emirates NBD provides a variety of debit and credit cards, each with its own fee structure.
Debit Card Fees
| Fee Type | Amount/Rate |
|---|---|
| Annual Fee | Free for most debit cards |
| Replacement Fee | AED 26.25 per card |
| International Transaction Fee | 1.99% of the transaction amount |
| ATM Withdrawals | Free at ENBD/Emirates Islamic ATMs; charges may apply elsewhere |
Credit Card Fees
| Fee Type | Amount/Rate |
|---|---|
| Annual Fee | AED 200–700 (standard cards); premium cards can be higher (e.g., AED 1,500 for Infinite) |
| Supplementary Card Fee | Usually free for up to five cards |
| Interest Rate | 3.25% per month (about 39% APR) |
| Cash Advance Fee | 3% or AED 99 (whichever is higher) |
| Late Payment Fee | AED 230 (premium cards); others may vary |
| Foreign Currency Transaction | 2.99% (for some cards); debit cards are 1.99% |
| Card Replacement Fee | AED 21–50 (varies by card type; confirm with bank) |
Note: Fees may vary based on card type, promotional offers, or customer relationship tier.
Loan Processing and Early Settlement Charges
Emirates NBD offers personal, auto, and home loans with clear fee structures.
Personal and Auto Loans
- Processing Fee: 1.05% of the loan amount (minimum AED 525, maximum AED 2,625)
- Early Settlement Fee: 1.05% of the outstanding principal (capped at AED 10,500)
- Late Payment Fee: AED 52.50 per missed installment
Home Loans
- Early Settlement Fee: 1.05% of the outstanding amount or AED 10,500 (whichever is lower)
- Property Valuation Fee: AED 3,150 (for completed properties)
- Partial Prepayment Fee: 1.05% of the prepaid amount (capped at AED 10,500)
International Transfer and Currency Conversion Fees
International transactions, whether through transfers or card use, involve specific fees depending on the method and currency involved. Emirates NBD encourages using online platforms for lower costs.
| SERVICE/CHARGE | FEE (AED) / % |
|---|---|
| Account maintenance (below min. balance) | 26.25/month |
| Debit card annual fee | Free |
| Debit card replacement | 26.25 |
| Credit card annual fee | 200–700 (varies by card) |
| Credit card cash advance | 3% or 99 (whichever is higher) |
| Credit card foreign transaction | 1.99% + network fee |
| Loan processing fee | 1.05% of loan (min 525, max 2,625) |
| Early loan settlement | 1.05% of principal (max 10,500) |
| International transfer (online) | Free (to ENBD accounts) |
| International transfer (branch) | 78.80 + 1.99% commission |
| Currency conversion (transfer) | 0.2%–4.6% margin |
Always verify charges before initiating high-value or foreign transactions to avoid unexpected fees.
Additional Banking Services, Fees, and Smart Money Management
Channelise your Emirates NBD personal banking experience involves more than just standard account, card, and loan fees. Here’s a clear, user-friendly overview of other key charges and practical tips to help you minimize costs and make the most of your banking relationship.
Overdraft and Standing Instruction Fees
Overdraft Fees
Setting up an overdraft, as well as annual and late payment fees, may apply depending on your account terms. Always check your specific account agreement for the exact charges.
Standing Instruction Fees
Charges may be incurred for setting up, amending, or if a standing instruction fails. Review your account details or contact Emirates NBD to confirm the latest fees.
Investment and Trading Account Fees
Trading Accounts
Fees for trading stocks, mutual funds, and fixed income products vary. Expect minimum trade fees and commission structures; details depend on the specific investment product and your banking package.
Investment Services
Additional charges may apply for advisory and management services, so review the terms before engaging with these options.
Additional Service Fees
- Balance Certificates and Liability Letters: Requesting these official documents may involve a nominal fee.
- International Card Delivery: If you need your card sent overseas, additional charges may apply.
- Failed Direct Debits: Fees may be charged if a scheduled direct debit payment fails due to insufficient funds.
Special Offers and Waivers
Fee Waivers: Take advantage of first-year free offers, promotional waivers, or special conditions such as salary transfer or upgrading to a higher banking package.
Customer Relationship Benefits: Higher-tier customers often enjoy reduced or waived fees as part of their enhanced banking relationship.
How to Avoid Unnecessary Fees
Maintain Minimum Balances: Maintain an account balance above the required threshold to avoid monthly maintenance fees.
Use Online Services: Online banking and transactions typically cost less or are free compared to branch services.
Timely Payments: Pay your bills and loan installments on time to steer clear of late payment penalties.
Monitor Account Activity: Regularly review your account statements and alerts to catch any unexpected charges early.
Where to Find the Official Emirates NBD Fee Schedule
To access the most accurate and current information on Emirates NBD’s personal banking fees, customers should refer directly to the bank’s official website. Detailed breakdowns are available for all account types, credit cards, and loan products.
The personal banking fee schedule is located in the Personal section under Accounts, followed by Fees and Charges. For credit card-related fees, go to the Cards section, then Credit Cards, and select Fees and Charges. For loan-specific charges, go to the Loans section, then Personal Loans, and choose Fees and Charges.
The Bottom Line
Emirates NBD offers a transparent and structured fee system across all personal banking services.
By staying informed about account requirements, card charges, loan fees, and transfer costs, you can make smarter financial decisions and avoid unnecessary expenses.
Wanna start your UAE business journey today — get expert help with company registration, residency, and banking in one smooth process with Menaherald.
