Charges for Corporate Customers

Schedule of Charges

Charges for Corporate Customers

Services Charges

Cheque Processing
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 present again QR 400*
Cheque returned (Inward) due to insufficient funds / No funds QR 400*
Cheque returned (Inward) due to legally accepted reasons (Difference in word & amount, missing / incorrect signatures, incorrect date format) QR 200
Cheque returned (Inward) effects not realized, present again QR 500 per cheque
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:
  • QAR: 50,000
  • USD: 5,000
  • EUR: 5,000
  • GBP: 5,000
Note:

  • Not applicable on OD accounts.
  • To be applicable at average account level and not average ledger level.
  • Not to be applicable for accounts with SWEEP and or standing order facilities.
 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

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 collected within one month of request QR 995
Non submission of FATCA / CRS certification form if not collected within one month of request QR 995
Non submission of valid QID / passport for authorized signatories if not collected within one month of request QR 995
Non submission of valid QID / passport for account holders if not collected within one month of request QR 995
Missing information (Invalid email / mobile / PO box) if not collected within one month of request QR 995
Missing / expired information update charge (CR) if not collected 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
Copy of outward remittance < 6 months QR 50 / > 6 months QR 150

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
– If new customer: Cheque drawn on other bank 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
Import Letters of Credit & Amendments
A. Import Letters of Credit
Up to QR 500,000 validity less than 3 months Min of QR 500 or 0.50% per quarter whichever is higher
If the validity of L/C is more than 3 months and L/C amount is not more than QR 500,000  
– For 1st quarter 0.50% per quarter
– For remaining period 0.125% per month
Where L/C amount exceeds QR 500,000 with validity within 3 months  
– 1st QR 500,000 0.50% per quarter
– Remaining amount 0.125% per quarter
IF L/C amount is more than QR 500,000 and its validity is also more than 3 months  
– 1st QR 500,000 0.50% per quarter. For minimum 3 months (Minimum QR 300)
– Remaining amount 0.125% per quarter. for minimum 3 months (Minimum QR 300)
– For additional 3 months, commission will be calculated on whole L/C amount 0.0625% (1/16) per month for minimum 3 months (Minimum QR 300)
Note: Any increase in amount of L/C or extension in validity period rates of commission will be charged as above.  
Draft LC QR 350
B. Amendments to Import Letters of Credit
Any Amendments other than amount increase and LC expiry date extension QR 350
Increase in value Same as LC issuance
Postages QR 125
Revolving letter of credit Normal charges for I quarter
Commission on revolving L/Cs (Reinstatement of amount) 1/8% QR 500
Commission on revolving L/Cs (Government) 1/8% (Flat)
QR 500,001 and above  1/16% (Flat)
SWIFT / Postage
Brief cable charges QR 365
Swift QR 350
Postages QR 125
Courier charges QR 300
Draft LC QR 350
Deferred Payment

(Calculated from the date of expiry or first quarter from the date of issue of LC, whichever is the latest)
Deferred payment commission 1/8 % p.m. irrespective of value min. QR 350
Swift Charges QR 250
Negotiation commission for local bills 0.125% of invoice amount (Minimum QR 500)
Accepted guaranteed draft – 1/8% (0.125%) minimum QR 350
– 1/16% (0.0625%) minimum QR 350
Advising commission – Up to QR 100,000: QR 200
– Over QR 100,000: QR 350
Advising amendment QR 150
Shipping Guarantee / Delivery Orders
Shipping guarantees / Delivery orders QR 375 + Postages + Handling (Minimum QR 500)
Postages  QR 50
Handling  QR 100
Bills Under Documentary Overdraft
Advising L/C  – Up to QR 100,000 or equivalent: QR 300
– Over QR 100,000: QR 350
Advising amendment QR 250
Negotiation Commission – For Local Bills
Bill Amount up to QR 500K 1/8% minimum QR 350
Bill amount more than QR 500K 1/16% minimum QR 500
Payment charges QR 200
Swift charges QR 250
Postages QR 75
Export Letter of Credit
Pre-Advising QR 150
Advising L/C  – Up to QR 100,000 or equivalent: QR 300
– Over 100,000: QR 350
Advising amendment QR 250
Adding confirmation As per arrangement
Extension of validity period if credit is confirmed Same as L/C advising of a confirmed L/C
Negotiation commission 0.125% p.a. of invoice amount (Minimum QR 500)
SWIFT payments transfers (Local banks) QR 350
SWIFT payments transfers (Foreign banks) QR 350
Transferring L/C charges ¼% min. of QR 750
Transferring L/C swift charges QR 365
Amendment advised through local banks QR 200
L/C advised through local banks / foreign banks swift charges QR 365
Swift charges QR 350
Advising discrepancies to negotiating bank QR 350
Postages QR 100
Reimbursement / remittance commission QR 350 per negotiation
Discounting commission  As per arrangement
Outward Documentary Bills for Collection (OFDBC)
Commission 1/8% min. QR 350
Courier QR 150
Swift QR 350
Postages QR 100
Letter of Guarantee (Local) / Customer Enjoying L/G Facility
Bid bond / Tender bond 1.5% p.a. minimum QR 500, + Handling QR 100, + Postage QR 50
Performance bond / Other bonds 2% p.a. minimum QR 500, + Handling QR 100, + Postage QR 50
Amendment charges Same as issuance
Letter of Guarantee (Local) / Customer Who do Not Enjoy L/G Facility
Bid bond / Tender bond / Performance bond / Adv. bond / Other bonds 2% p.a. minimum QR 500, + Handling QR 100, + Postage QR 50
Further extensions of maturity of guarantees  Commission for extended period (As per tariff of issuance) minimum QR 500, + Handling QR 100, + Postage QR 50
Other amendment  Handling QR 100, + Commission QR 100, + Postage QR 50
Customer who does not enjoy L/G facility (BB / PB / ADV / Other bonds) – 0.5% p.a. (This is against 100% cash margin)
– 100% against lien on deposit comm will be 0.75% p.a.
Other L/G Charges for the Customer Who Enjoys / Does Not Enjoy Facility
Handling QR 100
Postages QR 50
Issuance of 3rd party G tees  Standard charges + QR 250
Charges for reinstatement of expired guarantees  Min of QR 500 commission rate to be guided as per facility sanction terms
Early cancellation of guarantees  QR 300
Fax indemnity service  QR 250 per month or a one-time fee QR 3000
Letter of Guarantee (Foreign)
For all inward foreign guarantees bid bond / Tender bond / Performance bond / Payment guarantees / Other bonds As per arrangements
Telex charges / Swift charges  QR 200
In addition to commission, further commission will be recovered as handling charge for foreign LG cases.  QR 200
Outward foreign guarantee issuance and amendment  Pricing same as Local
Minimum QR 500, + Handling QR 200, + Postage QR 50  
Inward Documentary Collections (IDBC) and Clean Bills (IBC)
Up to QR 10,000 QR 150
QR 10,000 to 100,000 1/4% min. QR 200
Over QR 100,000 1/8% min.   QR 350
Import documentary drawn on other banks Same as above
Inward clean collection (Financial document) Same as above
Onward collection to other banks in Qatar Same as above
Swift charge QR 250
Postages  QR 50
Courier QR 150
Returned bills Comm.(Same as above, S/N 1,2,3) + Cost of swift (QR 250) + Handling charges of QR 150
Cheques received in IBC and returned unpaid  QR 500 each cheque
Clean Bills (Cheques)
Up to QR 10,000 QR 100 flat
From QR 10,001 to QR 100,000 QR 150 flat
Over QR 100,000 QR 200 flat
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 Mn 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
Local Bills Discounted (Bills under Import LC)
Commission – Document value up to QR 100,000 QR 200
Commission – For document value between QR 100,001 to QR 250,000 QR 300
Commission – For document value between QR 250,001 to QR 500,000 QR 400
Commission – For document value between QR 500,001 to QR 1,000,000 QR 500
Commission – for document value more than QR 1,000,001 QR 600
Postages QR 50
Loan against Local Bills (Cheques)
Up to QR 10,000 QR 30
From QR 10,001 to QR 50,000 QR 60
For more than QR 50,000  QR 125
Returned cheques QR 50
Postage QR 100
Local Bills Discounted (Cheque / Invoice)
Interest (Local bills discounted) Interest rate to be guided as per facility sanction terms
Commission QR 25 each cheque
Postage QR 50
Outward Foreign Currency Cheques for Collection (FCCC)
Up to QR 500 Commission QR 15 + Postage QR 100
From QR 501 to QR 10,000 Commission QR 25 + Postage QR 100
From QR 10,001 to QR 50,000 Commission QR 40 + Postage QR 100
From QR 50,001 to QR 100,000 Commission QR 50 + Postage QR 100
From QR 100,001 to QR 500,000 Commission QR 100 + Postage QR 100
More than QR 500,000 1/32% (0.03125%) + Postage QR 100
Postages QR 100
Courier QR 185
Swift QR 350
Returned Cheques
Cheques sent in OBC and returned unpaid  QR 100 each cheque + F/B charges
Foreign Bills Purchased
A. Travelers Cheque, Foreign Demand Draft and Cheques Drawn on Foreign Banks
Cash payment or credit to account (T.C)  QR 5 per instrument (Minimum QR 30)
Cash payment or credit to account in same currency (T.C) 0.50% exchange compensation or minimum QR 50
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. US$ 15, or equivalent
Cheques purchased & returned unpaid on presentation QR 100 each cheque + Correspondents charges, if any