Applicable Consumers’ fees and charges and lending rates
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Accounts |
|
|
Minimum Balance fees (Current or Savings Accounts) |
Salary Accounts: Without fees |
|
Hold Mail fees |
JD 5 per month |
|
Dormant Account fees |
JD 2 per month “Regardless of the account Balance” |
|
Mail Charges for Paper Account Statement |
JD 1 per statement |
|
Account Statement request (second copy) |
JD 0.25 per page for documents ages’ less than one year |
|
Special request over standard statement frequency |
JD 0.25 per page |
|
Duplicate documents / cheques |
JD 1 per document for documents ages’ less than 6 months |
| Fixed Deposit Withdrawal Before Maturity |
In the event that the customer withdraws his deposit in Jordanian Dinars partially or fully before its maturity, the interest is calculated according to the following equation: (Deposit amount x agreed interest rate x term of deposit) minus (the part withdrawn from the deposit x the maximum interest rate declared on the date of withdrawal on the term corresponding to the term of the deposit plus (2%) x remaining period for the withdrawal of the deposit), provided that the customer does not lose any amount of the principal of the deposit. Noting that for purposes of this calculation, the year equals (365) days |
|
Cheques |
|
|
Cheque Book issuance |
10 papers: JD 2.5 |
|
Cheque clearance (out of Electronic Cheque Clearance) |
Local: JD 5 |
|
Post dated cheque held for collection |
JD 1 per cheque |
|
Stop payment of cheque as per customer request |
JD 10 per cheque |
|
Cheque settlement fees |
JD 10 per cheque |
|
Issuance of Bank draft (Jordanian Dinnar) |
JD 5 |
|
Returning cheque fees due to without/insufficient funds for the first time |
JD 20 per cheque |
|
Returning cheque fees due to without/insufficient funds whether for the first same cheque or any other cheque |
JD 40 per cheque |
| Issuance of Bank draft (Other Currencies) | JD 10 for amounts less than JD 3000 JD 20 for amounts equal to or more than JD 3000 + FX commission if applicable + Swift Commission if applicable |
| Returned Cheques for Technical Reasons | Free |
| Returned Cheques from Other Banks (Deposited in Customer’s Account) | Free |
|
Cards |
|
|
Credit Cards |
|
|
Credit Cards issuance and renewal fees |
Visa Nashama: JD 15 |
|
Credit Cards issuance and renewal fees |
Visa Nashama / Visa Together: JD 8 |
| Cross border/Foreign Exchange commission (transactions in country’s currency on merchants outside Jordan): |
3% |
| Cross border/Foreign Exchange commission (transactions in JOD on merchants outside Jordan): |
1.5% + exchange rate from POS provider |
| Cross border/Foreign Exchange commission (transactions in country’s currency on merchants in EU members countries): Belgium, Spain, Hungary, Slovakia, Bulgaria, France, Malta, Finland, Czechia, Croatia, Netherlands, Sweden, Denmark, Italy, Austria, United Kingdom, Germany, Cyprus, Poland, Iceland, Estonia, Latvia, Portugal, Liechtenstein, Ireland, Lithuania, Romania, Norway, Greece, Luxembourg and Slovenia |
4% |
| Cross border/Foreign Exchange commission (transactions in JOD on merchants in EU members countries): Belgium, Spain, Hungary, Slovakia, Bulgaria, France, Malta, Finland, Czechia, Croatia, Netherlands, Sweden, Denmark, Italy, Austria, United Kingdom, Germany, Cyprus, Poland, Iceland, Estonia, Latvia, Portugal, Liechtenstein, Ireland, Lithuania, Romania, Norway, Greece, Luxembourg and Slovenia |
2.5% + exchange rate from POS provider |
|
Cash advance fees |
4% (Minimum JD 4) |
|
Fund transfer through Arabi online |
4% |
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Late payment fees |
JD 15 for all cards |
|
Internet Shopping Card issuance |
JD 10 per year |
|
Cards replacement (lost or damaged) |
JD 5 |
|
Courier Charges (Outside Jordan) |
JD 15 |
|
Over Limit fees |
JD 10 for all cards |
|
Dormant card fees (for Silver card only) |
JD 2 per month |
|
Mail Charges for Paper Account Statement |
JD 1 per statement |
|
Card fraud transaction objection fees |
JD 5 (refundable if fraud proven) |
|
Visa Debit Cards |
|
| Debit Card issuance/Replacement fees |
Free of fees |
|
Band-Pay replacement (lost or damaged) /Contactless Payment bracelet) replacement / Contactless Payment Mobile Sticker replacement fees |
JD 5 |
|
Cash withdrawal – JONET switch |
JD 1 |
|
Balance enquiry – JONET switch |
JD 0.15 |
| Band-Pay (issue / renew) (Contactless Payment bracelet) / Contactless Payment Mobile Sticker fees |
Free of fees |
|
Visa Debit card fees (for unsubscribed in banking programs customers &” Arabi Extra” program customers only) |
JD 0.5 per month |
|
Pin code replacement fees (lost) |
Free of Charge |
| Visa Electron monthly fees (for unsubscribed in banking programs customers &” Arabi Extra” program customers only) | JD 0.5 per month |
| C/W from IIAB ATMs | JD 0.5 per transaction |
| Bal from IIAB ATMs | JD 0.05 per transaction |
|
Cross border/Foreign Exchange commission(transactions in country’s currency on merchants outside Jordan): |
4% |
|
Cross border/Foreign Exchange commission |
3% + exchange rate from POS provider |
|
ATM Cash withdrawal outside Jordan using Arab Bank ATMs in Palestine(Arabi Net) |
1 JD (for JOD Withdrawals) |
|
ATM Cash withdrawal outside Jordan using Arab Bank ATMs (Arabi Net) |
3% (Min of 3 JD and Max of 30 JD) |
|
ATM Cash withdrawal outside Jordan from non-Arab Bank ATMs |
$ 2.75 + %0.5 + 4 % |
|
Card fraud transaction objection fees |
JD 5 (refundable if fraud proven) |
| Cardless ATM Cash withdrawal from eWallets (JoMoPay) | JD 1 (per transaction) |
| Cardless ATM Cash withdrawal from Arab Bank account | Free of charge |
| Depending on the amount withdrawn 1.95% by using cards issued by an institution outside Jordan 0.80% using cards issued by a Jordanian institution |
Commission for payments made at points of sale located at government sector institutions, with the exception of the military and civilian consumer establishment |
| Commission for payments made at points of sale located at the institutions of the fuel sector |
JD 0.20 |
| Cards replacement (lost or damaged) | JD 5 |
|
Loans |
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|
Mortgage (housing) Loans |
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Loan processing fees |
1% of loan amount for the first year (no min amount) |
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Top-up Loan Processing fees |
1% of top-up amount (no min amount) |
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Loan installment postponement fees |
JD 10 |
|
Amending finance conditions fees |
JD 5 |
|
Late payment fees |
JD 3 for installments with amount less than JD 70 |
|
Mortgage release fees |
JD 10 |
|
Early settlement fees |
No fees: if remaining tenure is one year or less |
|
Personal Loans |
|
|
Loan processing fees |
1% of loan amount for the first year (no min amount) |
|
Top-up Loan Processing fees |
1% of top-up amount (no min amount) |
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Loan installment postponement fees |
JD 10 |
|
Amending finance conditions fees |
JD 5 |
|
Late payment fees |
JD 3 for installments with amount less than JD 70 |
|
Early settlement fees |
No fees: if remaining tenure is one year or less |
|
Auto Loans |
|
|
Loan processing fees |
1% of loan amount for the first year (no min amount) |
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Loan installment postponement fees |
JD 10 |
|
Amending finance conditions fees |
JD 5 |
|
Late payment fees |
JD 3 for installments with amount less than JD 70 |
|
Mortgage release fees |
JD 10 |
|
Early settlement fees |
No fees: if remaining tenure is one year or less |
|
Remittances |
||
| Local Remittances sent or received | ||
| Outward Remittances RTGS | E-channels | Branch |
| Up to ACH Limit * | JD 5 or equivalent in other currencies | JD 8 or equivalent in other currencies |
| More than ACH Limit | JD 10 or equivalent in other currencies | JD 13 or equivalent in other currencies |
| Incoming Remittances RTGS | Remittance | |
| The amount is deducted regardless of the transfer total amount |
2 JOD or equivalent in other currencies |
|
| Returned Remittances from Local Bank RTGS |
Remittance | Salary |
| Max JD 2 | JD 1 | |
| Outward Remittances ACH | E-channels | Branch |
| Up to JD 1000 | JD 1 or equivalent in other currencies | JD 2 or equivalent in other currencies |
| From JD 1000 to JD 5000 | JD 2 or equivalent in other currencies | JD 3 or equivalent in other currencies |
| More than JD 5000 | JD 3 or equivalent in other currencies | JD 4 or equivalent in other currencies |
| Incoming Remittances ACH | Remittance | |
| Up to JD 1000 | JD 1 or equivalent in other currencies | |
| More than JD 1000 | JD 2 or equivalent in other currencies | |
| Returned Remittances ACH |
Returned Remittances ACH | Salary |
| JD 0.25 | JD 0.1 | |
| RTGS Remittance ( After CBJ cut of time ) | Remittances | |
| JD 50 | ||
| Charges “Ours” |
Remittances | |
| 1 JOD or equivalent in other currencies up to JD 1000 | ||
| 2 JOD or equivalent in other currencies up for more than JD 1000 | ||
| ACH Limits : JOD 100,000 and 50,000 for other currencies | ||
| Outward Remittances fees (Outside Jordan) |
Up to 500 JOD or equivalent in other currencies | 6 JOD or equivalent in other currencies |
| From 500 JOD to 5000 JOD or equivalent in other currencies |
10 JOD or equivalent in other currencies |
|
| More than 5000 JOD or equivalent in other currencies |
0.25% from transfer amount up to maximum 70 JOD or equivalent in other currencies |
|
| Inward Remittances fees in foreign currencies | Up to 1000 JOD or equivalent in other currencies |
3 JOD or equivalent in other currencies |
| From 1000 JOD to 5000 JOD or equivalent in other currencies |
5 JOD or equivalent in other currencies |
|
| More than 5000 JOD or equivalent in other currencies |
7 JOD or equivalent in other currencies |
|
|
Outward Remittances fees ( to Arab Bank Branches in Palestine ) |
Free For Retail Customers |
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| Commission for bulk payment which are frequent with same purpose such as Salaries and dividends | Number of beneficiaries in the file ( from the company) | Commission amount per file |
| From 10 to 29 records | 10 JOD or what Equivalent in other currencies |
|
| From 30 to 1000 records |
20 JOD or what Equivalent in other currencies |
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| From 1000 to 5000 records |
30 JOD or what Equivalent in other currencies |
|
| From 5001 to 10000 records |
40 JOD or what Equivalent in other currencies |
|
| From 10001 to 100000 records |
50 JOD or what Equivalent in other currencies |
|
| More than 100K |
60 JOD or what Equivalent in other currencies |
|
| Commission for bulk payment which are frequent with same purpose such as Salaries and dividends less than 10 records |
Records Amount |
Commission amount per file |
| From 1 JOD to 1000 JOD | 2 JOD or what Equivalent in other currencies |
|
| From 1001 JOD to 5000 records |
3 JOD or what Equivalent in other currencies |
|
| More than 5K |
4 JOD or what Equivalent in other currencies |
|
Certificates |
|
|
Certificate of Clearance (in case no liabilities) / Certificate of Bank’s Commissions and Interests / Liabilities Certificate / Partial Salary Transfer Letter/ Capability of Spending Letter |
JD 5 |
|
Balance Certificate / Banking Relationship Certificate - Balance Blocking Certificate / Certificate of Clearance (in case of available liabilities) |
JD10 |
|
Certificate of Bank’s Commissions and Interests / Balance Certificate ( ordered through Arabi Online Banking ) |
JD3 |
|
Miscellaneous |
|
|
Signature Authentication |
JD 2 |
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Fees of cash withdrawals at teller desk for amounts less than JD 1000 |
JD 0.5 for amounts equals or less than JD 300 |
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Salary Transfer fees |
JD 1 for the first three salaries per month from the same party JD 1 for each additional salary after the above. |
|
Safe Box rental fees |
JD 75 to JD 200 |
|
Standing Order fees |
JD 1 per order |
| Foreign Exchange fees | 0.5% |
|
Foreign Exchange fees through Arabi Online and Arabi Mobile |
0.375% |
| Foreign Exchange fees at border posts (Queen Alia Airport and King Hussein Airport) | 0.2% |
|
Foreign currency deposit in a foreign currency account |
0.25% for amounts equal to or less than the equivalents of USD 1000 (no min amount) |
|
Fax fees |
JD 3 to JD 5 |
|
Swift fees (For external financial operations) |
Free of charge |
|
Utility bills payment |
JD 1 (Maximum of 1 JOD per 3 payments per visit) |
|
Power of Attorney registration fees |
JD 5 |
|
Selling foreign currency against JOD |
0.5 % |
|
Monthly subscription fees for “Arabi Premium” program |
Tier one: JD 3.5 per month |
|
Minimum quarterly average balance fees for “Arabi Premium” program |
JD 20 per quarter |
|
SMS Fees |
Free for Marketing SMS |
| Arabi Online \ Arabi Mobile - Token Issuance Fee | JD 15 |
| Request To Watch ATM Transaction Video | 10 JDs |
|
Trade Services |
|
|
Letters of Guarantee |
|
|
Issuing Commission in favor of local beneficiary |
2 % Minimum amount JD 25 |
|
Issuing Commission in favor of abroad beneficiary |
2 % Minimum amountJD 40 |
|
Delay commission for expirednot canceledL/G ’s |
JD 20 for every 3 month |
|
Non Financial amendments commission under L/Gs |
JD 20 |
|
Letters of credit |
|
|
Opening import L/Cs commission |
0.375 % for each 3 month – Minimum amount JD 60 |
|
Acceptance, Deferredpayment commission under importL/C’s |
2.5 % Minimum amount JD 60 |
|
Non Financial amendments commission under import L/Cs |
JD 30 |
|
Documentary Bills for Collection |
|
|
Inward Bills for collection commission |
0.5 % Minimum amount JD 50 |
|
Outward Bills for collection commission |
0.5 % Minimum amount JD 50 |
|
Delivery of documents free of payment commission |
JD 40 |
|
Enquiry about foreign currency cheques earlier than maturity date |
JD 10 |
|
Bills |
|
|
Commission for collecting bills amount |
JD 1 for eachBill |
|
Commission for collateral bills |
JD 1 for each Bill |
|
Postal charges for discounted bills |
JD 0.5 foreach Bill |
Interest rates on Consumers’ Loans
|
Consumer Loans’ Interest Rates |
|
|
Product Name |
Nominal Interest Rate |
|
Housing Loans |
Starting from 6.5% Decreasing Interest |
|
Land Purchase Loans |
7% Decreasing Interest |
|
Personal Loans |
Starting from 7.75% Decreasing Interest |
|
Auto Loans (New) |
4% Flat Interest rate |
|
Auto Loans (Used) |
4.5% Flat Interest rate |
|
Debit Interest on Current Accounts |
|
|
Product Name |
Nominal Interest Rate |
|
Current account overflows |
15% (Calculated on the daily balance) |
The table below shows the explanatory examples of how to calculate the real interest rate:
|
Product Name |
Effective Annual Percentage Rate (APR) |
Loan Tenor |
An Example of how to calculate the effective annual percentage rate on the product. |
|
Personal Loans |
9.7900% |
1 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 870JD |
|
Personal Loans |
8.7829% |
2 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 452JD |
|
Personal Loans |
8.4465% |
3 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 313JD |
|
Personal Loans |
8.2801% |
4 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 244JD |
|
Personal Loans |
8.1840% |
5 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 203JD |
|
Personal Loans |
8.1140% |
6 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 175JD |
|
Personal Loans |
8.0673% |
7 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 156JD |
|
Personal Loans |
8.0315% |
8 |
Personal loan with total amount of 10,000 JD at an interest rate of 7.75% and a commission fee of 1% . with monthly installment of 141JD |
|
Auto Loans |
9.3597% |
1 |
Auto loan with total amount of 10,000 JD at an interest rate of 4% and a commission fee of 1% . with monthly installment of 868JD |
|
Auto Loans |
8.2130% |
3 |
Auto loan with total amount of 10,000 JD at an flat interest rate of 4% and a commission fee of 1% . with monthly installment of 312JD |
|
Auto Loans |
7.7262% |
6 |
Auto loan with total amount of 10,000 JD at an flat interest rate of 4% and a commission fee of 1% . with monthly installment of 173JD |
|
Auto Loans |
7.6431% |
8 |
Auto loan with total amount of 10,000 JD at an flat interest rate of 4% and a commission fee of 1% . with monthly installment of 139JD |
|
Mortgage loans |
8.5212% |
1 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 2591JD |
|
Mortgage loans |
6.9242% |
5 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 589JD |
|
Mortgage loans |
6.7256% |
10 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 343JD |
|
Mortgage loans |
6.6594% |
15 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 263JD |
|
Mortgage loans |
6.6271% |
20 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 225JD |
|
Mortgage loans |
6.6085% |
25 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 204JD |
|
Mortgage_loans |
6.5964% |
30 |
Housing loan with total amount of 30,000 JD at an interest rate of 6.5% and a commission fee of 1% . with monthly installment of 191JD |
