Ithmaar Bank: Schedule of Fees & Charges - Retail

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1. Schedule of Fees & Charges - Retail (With effect from 1st May 2017) 1. Accounts [1] Savings Minimum balance: BD 20 or USD 50 Minimum balance charge: BD 1 or USD 3 per month Modaraba Minimum Balance charge: No Charge Administration fees and costs related to redemption of Modaraba BD 15 7esabi Minimum balance: BD 10 Minimum balance charge: BD 1 Thimaar Minimum balance: BD 20 Minimum balance to qualify for the draw: BD 30 Minimum balance charge: BD 1 Current Minimum Balance : BD 300/USD 1,000/ EUR 1,000/ SAR 5,000/CHF 1,000/ QAR 5,000/ AED 5,000/ GBP 1,000 Minimum balance charge: BD 5/ USD 15/ EUR 15 / SAR 50/CHF 15/QAR 50/AED 50/GBP 15 2. Debit Card First issue of card and PIN Free Replacement of card or PIN BD 5 Using ATMs in Bahrain Free Using ATMs in GCC BD 1 per transaction Using ATMs outside GCC BD 2 per transaction Charge-back fee (for rejected claims) BD 5 Foreign exchange mark-up 2% 3. Cheques Cheque Book issuance fees BD 5 per cheque book (50 leaves) Customized cheque books: BD5 Administration Fee (excluding printing) Mailing of cheque book BD 2 Cheque returned due to refer to drawer, represent or not arranged for BD 14 Cheque returned for other reasons BD 7 Stop payment of cheque BD 10 per cheque Collection cheque outside Bahrain 0.125% (Minimum BD 7.5, Maximum BD 20) Plus correspondent bank's charges Plus courier
2. 4 . Credit Cards First issue of card and PIN Free Replacement of card or PIN BD 5 Additional copy of statement BD 2 plus 500 Fils per page Late payment BD 5 (payable to charity) Over limit ( upto 10% of card limit) Free Temporary limit increase Free Life takaful Free Cash withdrawl BD 4 per transaction Charge-back fee (for rejected claims) BD 5 Issuance of supplementary card Free Foreign exchange mark-up 2% Credit Card outstanding balance certificate BD 10 [2] Card closure certificate BD 10 Transfer of Balance from Credit card/ eCard to Account BD 2 5. Copy of Statement, Cheque, Voucher or Other Documents Copy of account statements BD 2 plus 500 Fils per page Copies of cheques, voucher or other documents BD 4 per item 6. Remittance Account to account transfer within Ithmaar Via Branch BD 1, eBanking Free Fawri + Up to BD 100: Free Above BD 100 up to BD 1,000: 100 Fils per transfer Fawri 100 Fils per transaction Fawri (Salary Transfer) 5 Fils per transaction (applicable to non Ithmaar accounts) Fawateer Free SWIFT within GCC, in GCC currencies Via Branch: BD 6 eBanking: BD 3 SWIFT outside GCC Via Branch: BD 8 eBanking: BD4 SWIFT additional communication charge BD 10
3. SWIFT with all payment charges on the Remitter BD 10 plus Correspondents bank charges Additional swift confirmation BD 2 Amendments to SWIFT BD 5 Cancellation and refund of SWIFT BD 5 Issuance /cancellation of draft BD 5 Stop payment of draft by SWIFT BD 7 Plus SWIFT charges Copy of payment confirmation BD 2 Issuance of managers cheque BD 3 Stop payment of manager cheque BD 10 7. Standing Orders Setup fees Via Branch: BD 5 eBanking: Free Within Ithmaar accounts BD 1 Other banks Via Branch BD 2, plus remittance charges Standing Order not executed due to insufficient balance BD 1 Amendments BD 2 Transfers to charities within Ithmaar 200 Fils 8. Other Service Charges Cash withdrawal from branches within debit card limit BD 3 [3] Cash withdrawal from a foreign currency account in the same currency 1% (minimum BD5, subject to availability. No charges for cash deposits) Closure of account within three months of opening (except Modaraba) BD 20 Counting coins BD 1 for every BD 50 Safe deposit lockers Small BD 75/ Medium BD 200 / Large BD 300 Refundable deposit for safe deposit lockers BD 100 Late payment of locker rent BD 1 per day (Payable to charity) 9. Finance Personal & Auto Finance Administration Fees Salaried and Retirees: BD 200 / Business Owners: BD 250 Early Settlement Fee 1% of outstanding balance or BD 100, whichever is lower
4. Home Finance Administration Fees For Salaried individuals and Retirees :1% of the financed amount or BD 700 whichever is lower plus evaluation fee. Business Owners :1% of the financed amount or BD 1,500 whichever is lower plus evaluation fee. Property Evaluation Fees Early Settlement Fee BD 50 Residential purposes -0.75% of outstanding balance or BD 200, whichever is lower. Investment purposes - Total outstanding principal plus 20% of outstanding profit. Copy of title deed BD 10 Temporary release of title deed BD 50 Transfer of title deed BD 50 Life Takaful (Applicable to all Finance Types) At actual cost Late payment of installment (Applicable to all Finance Types) 0.05% per day on installment amount, as per finance contract (payable to charity) 10. Certificates and Other documents Finance balance certificate BD 10 [2] No liability certificate / Traffice (Vehicle) Release letter. First release letter: free Any additional release letter: BD 10 [2] Duplicate of Release letter BD 10 Company underformation letter BD 25 Audit confirmation BD 25 Account balance certificate BD 10 Other certificates BD 10 The below points are based on CBB’s guidelines and regulations: [1] [2] [3] Orphans, Widows, pensioners, individuals receiving social subsidies from the Ministry of Labour and Social Development, individuals with special needs, students and Bahraini nationals with a monthly salary below BD 250 are exempted from maintaining the minimum balance requirement for saving accounts. Pensioners are exempted from these fees. Individuals with special needs are exempted from these fees. The above fees and charges are subject to changes from time to time.