Charges for Corporate Customers
Schedule of Charges
Charges for Corporate Customers
| Services | Charges |
|---|---|
Cheque Processing* Any QCB circular will be reflected |
|
| Issuing a cash withdrawal form to draw cash, in the absence of cheque leaf (Corporate accounts) | QR 50 |
| Cheque sent in special clearing (Outward clearing only applicable for QR 250,000 and above) | QR 100 per cheque |
| Cheque returned (Inward) due to insufficient funds / No funds | QR 900* |
| Cheque returned (Inward) due to legally accepted reasons (Difference in word & amount, missing / incorrect signatures, incorrect date format) | QR 200 |
| Cheque returned (Inward) due to any other reason | QR 250 per cheque |
| Cheque sent in collection locally | QR 50 per cheque |
| Stop payment of cheques | QR 50 per cheque |
| Stop payment of cheque book of any number of leaves | QR 500 for each cheque book (Corporate accounts) |
| Cheque books for corporate accounts | QR 40 (Per cheque book – 25 leaves) QR 60 (Per cheque book – 50 leaves) |
| Cheque books with specific design according to the desire of the customer | Actual cost + QR 500 |
| Delivery of cheque book by mail | QR 50 + Actual postage charge |
| Late payment fees for all past due payments | QR 100 (QR 25 per cheque) |
| Post-dated cheque any amount | Commission of .25% of the cheque amount (Minimum QR 25 and maximum QR 500) – Not applicable if it is a requirement under terms of approval for credit facilities |
| Replacement or cancellation of PDC | QR 25 per cheque |
| Cheque returned (Outward) | QR 100 per cheque |
| Outstanding PDC report | QR 50 |
Signature Verification on Cheque and Good for Payment Cheque |
|
| Signature verification based on the client request | QR 150 against each letter |
Instructions to Transfer from Accounts |
|
| Balance (Sweep) orders | Setup fee: QR 100 + Monthly: QR 40 p.m. |
| Sweep – Amendment / Cancellation / Closure | QR 50 |
| Note: (Transfer instruction on humanitarian reasons for Zakat, Red Crescent etc. will be free of charge) | |
Statement of Accounts, Balance Certificate & Advice |
|
| Issuing a monthly (Periodic) statement of Account | QR 50 |
| Statements endorsed by banks other than the periodic one | QR 50 per statement |
| Statements that show transactions for the past one to five years | QR 50 per statement |
| Statements that show transactions for more than five years ago | QR 50 per statement |
| Corporate Accounts statements that show transactions within one year | QR 50 per month |
| Corporate Accounts statements that show transactions more than one year | QR 100 per month |
| Duplicate copy of credit / debit advice | QR 75 per item |
| Charges for statements sent through MT 940 / MT950 | QR 500 per month |
Requesting Copies of Previously Paid Cheques |
|
| Less than one year | QR 100 per cheque (Corporate accounts) |
| More than one year | QR 200 per cheque (Corporate accounts) |
Issuing Certificates |
|
| Issuing of liability letter to other banks | QR 500 |
| Clearance letter (No liability certificate) | QR 500 (Corporate accounts) |
| Customer’s balance certificate / or another letter | QR 150 corporate accounts |
| Balance confirmation certificate to auditors | QR 500 corporate accounts |
| Issuing letters for companies under establishment to Ministry of Business & Trade (MBT) | QR 500 |
| Any duplicate credit / debit advice | QR 25 each |
| Online statement verification (Submitted by customer) | QR 50 (Within a year fixed) |
| Any other A/c investigation by customer | QR 150 |
| Hold mail (For bank statements) | QR 50 |
| Credit bureau reports (Per facility application / annual review) | QR 100 per request |
Accounts Maintenance Services |
|
Non-compliance with minimum average balance requirement in corporate current accounts:
|
QR 500 |
| Period of maintenance (Monthly average or quarterly average) | Monthly average |
| Charge for change in account title | QR 250 |
| Dormant accounts below QR 500 balance or its equivalent in other currencies | QR 250 |
| Search account number as per request of the customer | QR 20 |
| Penalty charges for breaking FDR before maturity | 1% less interest to be paid for the period from start date to break date |
| Re opening of closed accounts | QR 200 |
| Activation of dormant accounts (Corporate) | QR 250 |
| Cash withdrawal from / deposit to foreign currency account | 1.00% |
| Fees of service invoice payment | QR 5 |
| Bulk salary processing for third bank (Exceed 20 transactions) | QR 10 per item maximum QR 500 |
| Phone banking services | Free |
| Log in to account services through internet | Free |
Closing of Accounts |
|
| Fees of closing a corporate current account after 3 months from date of opening | QR 250 |
| Fees of closing a corporate current account within 3 months from date of opening | QR 300 |
Manager’s Cheques / FCY Draft |
|
| Issuing commission | QR 150 (Corporate accounts) |
| Stop payment / Cancellation | QR 100 |
| Postages charges | QR 50 |
| Courier charges | QR 125 |
Lost or Stop Payment Cheques |
|
| Charges for lost / stop payment cheques | QR 50 per cheque |
| Charges for lost / stop payment whole cheque book | QR 500 per book |
Power of Attorney |
|
| Recording fees | QR 50 |
| Amendment fees | QR 50 |
| Cancellation fees | QR 50 |
Uncollected and Destroyed Items |
|
| Cheque Books (more than 90 days) | Similar to cheque book cost / pricing at the time of issuance |
| ATM Cards | QR 50 |
Corporate Credit Card |
|
| Cash advance fee | 4.5% of the value (QR 50 minimum) |
| Monthly interest on overdue | 1.75% |
| Foreign transaction charge | 2.5% of the transaction value |
| Late payment fee | QR 150 |
| Grace period | Up to 55 days |
E-Channels |
|
| Transfers to another bank inside Qatar through online channels | QR 10 |
| Transfers to another bank inside Qatar through branches | QR 35 |
| Phone banking services | Free |
| Log in to account services through internet | Free |
| Web Salary Charges – Corporate Accounts (As per QCB) | |
| 10 workers or less | QR 50 |
| 11-50 workers | QR 100 |
| 51-100 workers | QR 200 |
| 101-200 workers | QR 300 |
| 201-300 workers | QR 400 |
| 301-500 workers | QR 500 |
| 501-1,000 workers | QR 600 |
| 1,001-2,000 workers | QR 700 |
| 2,001-3,000 workers | QR 800 |
| 3,001-4,000 workers | QR 900 |
| 4,001-5,000 workers | QR 1,000 |
| 5,001 workers and above | QR 1,100 |
Safe Deposit Lockers |
|
| Security deposit for any size of locker (Refundable at the time of surrendering locker) | QR 1,000 (One time) |
| 12 x 33 x 51 (small size) | QR 500 p.a. |
| 24 x 33x 51 (medium size) | QR 750 p.a. |
| 32 x 33x 51 (large size) | QR 1,000 p.a. |
| 48 x 33x 51 (extra size) | QR 1,250 p.a. |
| On loss of key | QR 150 handling charge + Actual cost of breaking locker and making new key |
Accounts Mandate & Information / Documents Update |
|
| Non submission of valid establishment / computer card if not submitted within one month of request | QR 995 |
| Non submission of FATCA / CRS certification form if not submitted within one month of request | QR 995 |
| Non submission of valid QID / passport for authorized signatories if not submitted within one month of request | QR 995 |
| Non submission of valid QID / passport for account holders if not submitted within one month of request | QR 995 |
| Missing information (Invalid email / mobile / PO box) if not submitted within one month of request | QR 995 |
| Missing / expired information update charge (CR) if not submitted within one month of request | QR 995 |
Fund Transfer (Remittance) |
|
| Foreign Remittances (Outward) | |
| Transferring to another bank outside Qatar (If done manually else 25% discount for online) | QR 175 |
| Transferring to other countries (Full payment) (If done manually else 25% discount for online) | QR 250 |
| Local Remittances (Outward) | |
| Transferring to another bank inside Qatar (If done manually else 25% discount for online) |
QR 100 |
| Charges for Foreign Demand Drafts (FDD) | |
| G.C.C., middle east and asian countries | QR 100 |
| Rest of the world | QR 100 |
| Stop Payment, Cancellation, and Miscellaneous Charges | |
| Issuance of duplicate draft | QR 100 |
| Stop payment and cancellation of FDDs | QR 100 |
| Stop payment and cancellation | QR 100 |
| Misc. charges (For additional services required by remitters) | QR 100 |
| Foreign Remittances (Inward TT / Swift) | |
| If paid to account holder | QR 50 |
| If paid to beneficiary’s A/c in 3rd bank | QR 100 |
| In F/C and paid in QR to local banks | Buying rate less QR 50, our charges |
| Foreign Remittances (Inward FDD) | |
| In QR payable to A/c holder | No charge |
| In F/C to be paid in QR to local banks | Buying rate less QR 50 |
| Standing Instructions | |
| Recording Fees | QR 100 |
| Amendment Fee | QR 100 |
| Cancellation Fee | QR 100 |
| If sufficient fund is not available on due date | QR 150 |
| Transfer from one account to another inside the bank | QR 5 |
| Transferring to another bank inside Qatar | QR 100 |
| Transferring to another bank outside Qatar (Full) | In full QR 275 |
| Transferring to another bank outside Qatar | QR 175 |
| Instructions to Transfer from Accounts | |
| Transfer from one account to another inside the bank | QR 5 |
| Transfer to another bank inside Qatar | QR 100 |
| Transfer Salaries to other banks in Qatar | QR 10 per item maximum QR 500 |
| Outward Foreign Remittance – Quires and Investigation | |
| Inquiry for outward remittance | QR 100 + Other bank charges / QR 50 for each subsequent chaser |
| Recall of outward remittance | QR 150 + Other bank charges |
| Amendment of outward remittance | QR 100 + Other bank charges / QR 50 for each subsequent chaser |
| Duplicate copy of outward remittance (Request / Query raised through branch) | < 6 months QR 50 per advice > 6 months QR 150 per advice |
| API Banking | |
| Implementation fees | QR 500 (One-time fee) |
| Local remittances (Outward) transferring to another bank within Qatar |
QR 75 (Per transaction) |
| Foreign remittances (Outward): | |
| Transferring to another bank outside Qatar (Charges shared) | QR 131.25 (Per transaction) |
| Transferring to other countries (Full payment): | QR 212.50 (Per transaction) |
| Fees for MT940 statements sent through API Banking | |
| If both transaction and MT940 APIs are used | QR 250 (Monthly) |
| If only MT940 API is used | QR 500 (Monthly) |
| Remote Deposit Capture (Cheque scanning) | |
| Device rental fee | QR 500 per month |
| RDC system license fee | QR 6,000 annually |
Lending |
|
| Loans | |
| Rate of interest | At the discretion of credit committee. As per DOA |
| Loan commission | 1% of loan amount (No cap) |
| Past due interest on loans | 5% additional interest |
| Late payment fee on overdue / past due on loans | QR 250 |
| Postponement of loan instalment | QR 1,000 per instalment |
| Extension of repayment period of loan / LTR | 0.50% p.a. with minimum QR 1,000 |
| Prepayment penalty on terms of loan | 2% commission |
| Loan cancellation after approval (If not taken) | 0.1% of approved limit with a ceiling of QR 10,000 (Max)
– If existing customer: Debit authority to be collected prior to processing |
| Commitment fee on unutilized loan amount after availability period | 1%; may be deducted directly from the loan value |
| Loan commission – Bridge loans | 1% flat |
| Loan commission on syndication loan | As per other agent bank proposal. However, deviation to be noted in credit proposal |
| Real estate financing (Annual review fee) | – Up to QR 50,000,000: 0.75% flat, – QR 50,000,000 to QR 100,000,000: @0.5% flat max QR 375K – Above QR 100,000,000: @0.25% flat max QR 500K |
| Refinancing full loan (New repayment schedule) | 1% flat |
| Extension of specific payments under refinance loans | – Up to 90 days – 1% flat fee on refinanced amount min QR 1,000 – Above 90 days – 1.5% flat fee on refinanced amount, min. QR 1,000 |
| Refinanced loan – Management fee | As agreed up on |
| Fee unfunded facility when loan is refinanced | As agreed up on |
| LC loan – Proposed commission on loan portion | 1.0% flat |
| Invoice Discounting | |
| Rate of interest | At the discretion of credit committee. As per DOA. |
| Commission on discounting of PPC – Contract financing | Commission 1% flat on each discounting |
| Management fee on discounting of invoices / cheques general limits | Commission 1% flat on each discounting |
| Commission on discounting of PPC / Cheques one off | Commission 1% flat on the limit |
| Overdraft | |
| Rate of interest | At the discretion of credit committee. Not less than RAROC hurdle requirement |
| Excess over limit on O/Ds without prior approval | 5% additional interest |
| Excess over limit on O/Ds with prior approval | – Interest rate: Applied as per committee approval – Comm: 1% flat on approved amount |
| Casual OD (TOD) for accounts overdrawn at any point of the month without prior approval | – Interest: penal rate 14.5% p.a. – Comm: For tenors more than 15 days, QR 5,000 |
| Casual overdraft with prior approval | – Interest rate: Applied as per committee approval – Comm: 1% flat on approved amount |
| Management fee / commissions on general funded facilities – New & renewal (Refer section 20.2 invoice discounting. SN 3) | 1% on general limits from time of last system renewal (New / Rnewal except inv discounting) |
| Commitment fee on unutilized overdraft charges | 0.5% p.a calculated and charged at the time of renewal on average unutilized amount in case the average facility utilization is less than 60% of the sanctioned limit. Note:-These charges are subject to ITD automation |
| Facility cancellation after approval (If not taken) | – 0.1% of approved limit with a ceiling of QR 10,000 (Max) per facility – If existing customer: Debit authority to be collected prior to processing – If new customer: Cheque drawn on other bank to be collected prior to processing |
| Annual review fee | 1% of total facility limit OD up to 50 Mn (No cap) OD over 50 Mn (Cap of 750K) |
| Car Loan / Equipment Financing | |
| Handling charges on car loans – Persons | 1% up front commission |
| Financing equipment and vehicles, for companies under wholesale banking dept | – Commission 2% on loan amount – Handling charges QR 550 per drawdown – Prepayment penalty 1% on outstanding amount – Additional charges for insurance, in case insurance is not obtained from Sharq Insurance : QR 500 |
| Postponement of car loan instalment | 1% of each postponed instalment (Min QR 50) |
| General Issues | |
| Non-submission of audited financials within 4 months of the financial year end or after time-period specified in FOL (Whichever later) | – Up to 3 months late to cure QR 1,000 p.m. – More than 3 months late to cure QR 1,000 on fortnightly basis |
| Breach of financial covenants as per terms of credit facility approval | – Up to 3 months late to cure: 0.15% – More than 3 months late to cure: 0.30% – Flat fee per month or part thereof on outstanding facility amount |
| Breach of non-financial covenants as per terms of credit facility approval | – Up to 3 months late to cure: 0.15% – More than 3 months late to cure: 0.30% |
| Delay in submission of facility and security documents as stipulated in approval terms | QR 100 per day per pending document (30 days after issuance of FOL) |
| Delay in submission of adequate insurance and endorsement of policy | QR 5,000 per month or part there of |
| Breach of LTV ratio (Security coverage) ratio | Default interest of 2% p.a. daily on the value of the shortfall in security cover (After cure period) as per approved terms |
| Valuation report from external valuers | Actual valuer charges + QR 2,000 per report |
| Valuation report from in house resources | Actual valuer charges + QR 2,000 per report |
| Preparation and registration of mortgage of properties per title deed / Ind.plot + POA | – QR 1,000 – QR 1,500 for urgent mortgage (Per title deed) |
| Preparation and registration of Hawalatul Haq | QR 300 per transaction document |
| Release of charges on properties / shares or vehicles | QR 400 per transaction document |
| Amendment in mortgaged properties | QR 200 per transaction document |
| Registration of pledge of shares + POA | QR 400 per transaction document |
| Monthly charges if minimum average balance not met (Current accounts) | Covered under section 8.0, Account maintenance, SN 01 |
| Issuance of reference letters by WSB | QR 100 |
Trade Finance Services |
|
| A. Import Letters of Credit | |
| LC issuance (Including, reinstatement, or revolving) All types | 2% p.a. on full liability for minimum of 1 quarter (minimum QR 500) |
| Draft LC | QR 500 |
| LC extension or increase in value | Same as LC issuance |
| Any amendments other than LC extension or increase in value (After LC issuance) | QR 500 |
| Acceptance commission | Same as per the LC issuance |
| Payment commission for sight bills | 0.125% flat on bill amount (Minimum QR 500) |
| Usance paid at sight LC (UPAS LC) Commission | As per the agreement |
| B. Export Letter of Credit | |
| L/C advising | QR 350 |
| Amendment advising | QR 250 |
| Adding confirmation, extending confirmation | As per arrangement |
| Negotiation / Payment commission | 0.125% flat on bill amount (Minimum QR 500) |
| Transferring L/C charges | 0.25% (Minimum QR 1,000) |
| Discounting commission | As per arrangement |
| Discounting interest | As per arrangement |
| C. Documentary Bills for Collection | |
| Outward or Inward collection commission | 0.125% (Minimum QR 500) |
| Returned bills or free of payment | QR 500 |
| D. Inward Clean Bills (Cheques) | |
| Handling commission | QR 250 for each cheque |
| Cheques returned unpaid | QR 500 each cheque |
| E. Outward Clean Bills / Foreign Currency Cheques (FCC) | |
| Up to QR 800,000 | Commission QR 500 |
| More than QR 800,000 | 0.0625% |
| Cheques sent on collection basis and returned unpaid | QR 500 each cheque + Foreign Bank charges (if any) |
| F. Local Bills Discounted (LBD) (Cheque / Invoice) | |
| Interest | As per arrangement |
| Cheque / Invoice discounting commission | QR 100 per cheque or invoice |
| G. Shipping Guarantee / Delivery Orders | |
| Delivery orders | QR 600 |
| Shipping guarantee | 0.50% p.a. (minimum of 1 quarter) (minimum QR 750) |
| H. Letter of Guarantees (Local or Foreign Guarantee) | |
| Issuance or reinstate (except shipping guarantee) |
*In all cases, minimum of 1 quarter (minimum of QR 750), thereafter per *month |
| Amendments involving extensions or increase | same as issuance |
| Other amendments – non-financial | QR 250 |
| Early cancellation of guarantees | QR 300 |
| Inward foreign guarantees advising | USD 200 |
| Receive counter and issue guarantee | As per arrangements |
| Handling charge for outward foreign LG issuance | QR 200 |
| I. Other Fees | |
| Short swift message | QR 250 |
| Long Swift message | QR 350 |
| Courier charges | QR 300 |
| Discrepancy fee for Import LCs | USD 150 |
| Cheques | |
| A. Post Dated Cheques | |
| Commission – if cheque amount up to QR 10,000 | Commission of 0.25% of the value of the cheque with a minimum of QR 25 and a maximum of QR 500 per cheque |
| Post dated cheque commission up to QR 100,000 | Same as above |
| Post dated cheque commission up to QR 500,000 | Same as above |
| Post dated cheque commission up to QR 1 mio. | Same as above |
| Postages | QR 50 |
| Safe keeping of a postdated cheque | Postdated cheques as per our own criteria |
| Loan cancellation after approval | QR 250 |
| B. Cheques, Draft drawn on Foreign Bank to be credited to account only and if: | |
| Proceeds credited to account in QR | Buying rate + postage (minimum QR 50) |
| Proceeds credited to F/C account | 0.50% exchange comp. + postage min. USD 15, or equivalent |
| Cheques purchased & returned unpaid on presentation | QR 100 each cheque + correspondents charges, if any |