Overview
Whether for a short or long term, it makes sense to make your surplus business cash work for you.
CBD Business Banking offers a choice of business savings and deposit accounts online that help customers to separate their surplus business funds from their day to day business finances and achieve a positive return.
My Business Saving Account is available in AED and other currencies (USD, GBP, EURO, JPY, CNY )
Eligibility
Applicable for all type of companies with annual sales turnover up to AED 250 Million
Fees and Charges
List of charges | Requirements / Charges |
Currency | AED, USD, GBP, EURO, JPY, CNY |
Minimum monthly average balance | AED 25,000 or equivalent in foreign currency |
Monthly Service charge for not maintaining average balance | AED 250 |
Standing Orders | Per Instruction |
Setup | AED 50 |
Execution | AED 15 |
Failure due to insufficient funds | AED 50 |
Amendment | AED 15 |
Remittances Incoming | Per Transaction |
Local within UAE | AED 1 |
International | |
Remittances Outgoing | Per Transaction |
| Manual | Electronic |
Local within UAE | AED 50 | AED 40 |
International outside UAE | AED 100 | AED 75 |
Within CBD Account to Account Transfer | AED 60 | Free |
Managers Cheques/Demand Draft | Manual | Electronic |
Managers Cheques - per cheque | AED 15 | AED 15 |
Demand Drafts - per cheque | AED 15 | AED 15 |
Stopped demand draft/managers cheque | AED 50 | AED 50 |
SMS Fees and Charges
|
---|
Setup | 2 months free service from registration date
|
Starting from third month
| 5 messages free per month |
Above 5 messages
| AED 0.20 per message
|
Cash Deposit |
Over the counter - Teller transactions* | AED 25 per transaction
AED 250 per transaction for deposit transaction over AED 250,000 |
Through Cash Deposit Machine
| Free |
Cash Withdrawal |
Over the counter - Teller transactions
| Up to 10 Free withdrawals per month. Each additional withdrawal AED 10 per transaction
|
CBD ATM | Free |
CBD i-Business (Business Online Banking Services) |
My Business Savings Account |
First time set up charges for enquiry only customer | Free |
Monthly service charge for enquiry only customer | Free |
First time set up charges for transactor customer | AED 400 |
Monthly service charge for transactor customer | AED 200 |
Hard Token charges |
First 2 Tokens are free, each additional Token AED 100 |
Soft Token charges | First 2 Tokens are free, each additional Token AED 75 per Token |
Training support | First site visit is free
AED 250 for subsequent visit for Dubai and Sharjah regions
AED 400 for all other subsequent visit for all other regions
|
* Additional teller transactions will be charged once monthly quota limits are exceeded
** All fees and charges are applicable for 5% VAT