Benefits

  • Free initial 50-leaf cheque book
  • Unlimited free branch transactions
  • Standing instructions and remittance facilities
  • Credit card facilities
  • Salary advance facilities
  • SMS services
  • Mobile Banking services
  • Avail our Priority Banking services (PXB)

Twin Benefit Account

Enjoy the flexibility of a transactional account while boosting your yield in this deposit-and-checking account rolled into one

Features:

  • Interest bearing account - Earn more as you increase your balance
  • Available in AED and in USD
  • Monthly average balance of AED 15,000
  • Fall below fee of AED 75 if the above balance is not maintained
  • Free Monthly Statement of Account
  • Free International ATM / debit Card
  • Check out the loads of other transactional benefits with this account
  • Access to the account through multiple channels

Terms & Conditions apply

Complete Account Opening Form in addition to the following (as per applicability):

  • Copy of passport(s) and original passport(s) for validation
  • Valid residence visa (not for UAE nationals)
  • Emirates ID card (optional)
  • Salary Certificate (in case of salary transfer accounts); in the absence of a Salary Certificate, any one of the following documents may be obtained:
    • Appointment Letter / Contract Copy
    • Pay slip (<3 month old)
    • Consolidated letter from HR for bulk accounts
    • Most recent statement of account where customer's salary is being transferred
  • Original trade license (for self-employed customers)

 

What are the current account products available?

The customers have three products to choose from based on their requirements.

  1. NBF standard current account - Monthly fixed average fee
  2. Classic current account - Monthly average balance basis
  3. Twin benefit account - interest-bearing combination of current and deposit accounts with value added features

For more information, please contact 8008NBF(623) or visit your nearest NBF branch for more information.

What is the minimum balance requirement for Twin Benefit Account?

Individuals - AED 15,000 and fall below fee of AED 75

Do all accounts have interest?

No. Only Twin Benefit Account is an interest bearing account. This interest is based on the monthly average balances maintained in the account. Interest is paid only on the balances above AED 50,000. The interest rates are subject to change anytime by the Bank.

How is a customer eligible for a zero balance account?

NBF works on a relationship based banking. A customer can either maintain balances as per the product parameters or transfer his salary or have a required relationship to be eligible for a current account.

What are the applicable currencies for these accounts?
  • Standard and Classic accounts are available in all major currencies.
  • Twin Benefit Account can be opened only in AED and in USD.
Personal Banking Twin Benefit account
Monthly average balance (AED) 15,000
Monthly fall below fee 75
Monthly account maintenance fee NIL
Quarterly fee if the eligible criteria is not met (applicable for accounts where waiver of balances is based on salary transfer) AED 75
Account opening fees No fees
Dormant account charges No Charges
Account balance letter AED 50
Account closure charges - within 1 year from the date of opening AED 100
No of free branch transactions Unlimited
Bank Statements  
Regular statements Free monthly
Duplicate statements Outside the agreed cycle - AED 25 p.m
Cheque related  
First book 50 free cheque leaves
Additional book Additional 25 leaves - AED 25
Stop payment (per instrument / cheque) AED 50
Counter cheques - cash withdrawal Without fees
Cheque photocopy Less than 1 year - AED 10
  Over 1 year - AED 20
Cheques collection  
Cheques presented through clearing Free
Cheques returned drawn on the account (per instrument / cheque) AED 100
Cheques payable at centers where central bank clearing facility is not available Without fees
Returned cheque deposited in own account - Outward Clearing NIL
Special clearing inward (per instrument / cheque) AED 100
Post dated cheques held for collection (per item) AED 25
Withdrawal of PDS held for collection (per item) AED 25
Cheques for collection within the UAE Without fees
Cheques for collection outside the UAE AED 100
ATM / Debit card charges  
Annual fee free
Supplementary card AED 25
Replacement card AED 25
Replacing PIN AED 25
ATM Usage / Switch charges- UAE  
Issuance fee No fees
Balance Enquiry in Non NBF ATMs AED 1
Withdrawal fees for using other bank's ATM AED 2
Fees for using an ATM outside the UAE As per host country system
Processing fee for foreign currency transaction added to the foreign exchange rate 0.02
Usage of ATM in POS No charges
Free number of ATM withdrawals in non NBF ATM (per quarter) Five
Standing instruction  
Standing instruction set up AED 50
Penalty fee for insufficient funds for standing orders AED 25
To amend the order AED 30
To execute the order AED 25
Inward remittances  
Credit to customers account from other banks (any currency) AED 20
Local currency inter bank payment AED 75
Paid in foreign currency to a local bank across UAE AED 100
Outward remittances  
Issue of Bankers Cheque AED 30
Stop payment of demand draft AED 100
Cancellation of draft AED 50
Tracer / reminder fee AED 100
GCC countries AED 75
Other countries AED 100 - 1 telex / swift
  AED 150 - 2 telexes / swift
Safe deposit lockers  
Small AED 400 pa
Medium AED 600 pa
Large AED 900 pa
Security deposit AED 200 pa
Courier  
Local delivery AED 150
International delivery AED 250
Other charges  
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