Fees & Commissions
Fees & Commissions
COMMISSIONS
Commission Type |
Commission |
Explanations |
Outward transfer with wrong or no IBAN code |
USD 5 |
USD 2 minimum deducted from the outward transfer net value. |
Inward transfer from banks outside Palestine
|
USD 4 |
Over USD 5000. |
Inward transfer from banks outside Palestine |
USD 2 |
Less than USD 5000. |
Inward transfers (between accounts within the bank) |
USD 2 |
Up to USD 3000. |
USD 4 |
From USD 3.000 to USD 20.000 |
|
USD 20 |
Over USD 20.000 |
|
Outward transfers inside Palestine
|
USD 5 + USD 1 (Buraq and Swift fees)
|
Up to 3000 USD |
USD 8 + USD 1 (Buraq and Swift fees) |
From USD 3.000 to USD 20.000
|
|
USD 20 + USD 1 (Buraq and Swift fees) |
From USD 20.000 to USD 100.000
|
|
Max. 5% + USD 1 (Buraq and Swift fees) |
Over to 100.000 USD.
|
|
Outward transfers outside Palestine |
USD 5 + USD 1 (Buraq & Swift fees) Correspondent banks not included |
Up to 3000 USD |
USD 20 + USD 1 (Buraq & Swift fees) Correspondent banks not included |
From USD 20.000 to USD 100.000
|
|
USD 70 + USD 1 (Buraq & Swift fees) Correspondent banks not included |
Up to 100.000 USD. |
|
Max. 5% + USD 1 (Buraq & Swift fees) Correspondent banks not included |
Over to 100.000 USD. |
|
Outward transfers outside Palestine enquiry |
USD 7 |
Correspondent banks not included |
Re-dircting a transfer between banks |
Treated as outward transfer; the commission is determined depending on the type of transfer up to the maximum commission for an outward transfer |
|
Outward transfers amendment |
Treated as outward transfer commission with maximum value of USD 15. |
Treated as an outward transfer |
Request of retrieval of outward transfer |
50% of the issuance commission + Correspondent bank fees |
It must not exceed the bank’s actual spending’s Correspondent banks not included |
Outward remittances on the same day |
USD 5 + commission and fees for Correspondent Bank |
|
Issue an entitled remittances |
USD 30 |
|
Western Union Transfers |
Subject to Western Union's pricing policies which are disclosed by the Company on its official website. |
Commission Type |
Commission |
Explanations |
Cheque Book issuance (20 leaves) |
USD 7 |
For books more or less than 20 pages; USD 0.35 per leave |
Commercial Cheque Book issuance (20 leaves) |
USD 15 |
USD 2 + printing costs |
Collection of local cheques; with an amount less than USD 10,000 or its equivalent in other currencies |
USD 0.5 per cheques |
Charges of Buraq system included. |
Collection of local cheques; with an amount above USD 10,000 and above USD 100,000 or its equivalent in other currencies |
5 USD |
Charges of Buraq system included. |
Collection of local cheques; with an amount above USD 100,000 or its equivalent in other currencies |
15 USD |
Charges of Buraq system included. |
Collection of cheques drawn on Israeli banks |
0.5 USD per cheque |
Purchased and Postponed. |
Returned cheque due to insufficient balance |
USD 15 |
Collected from cheque issuer |
Returned cheque due to technical reasons |
10 USD |
Commission charged to cheque owner in the case of an incorrectly written or signed cheque |
Stop payment of cheques (suspend) |
USD 0.5 / Cheque |
Charged on cheques books with serial numbers |
USD 5 / Cheque |
Charged on cheques books without serial numbers |
|
Traveler cheques purchase/issuance |
0.001 of the cheque value, with minimum. USD 25 charge or its equivalent in other currencies |
|
Deposit of collection cheques |
0.5 USD/ Cheque |
|
Withdrawal of collection cheques |
0.5 USD/ Cheque |
|
Bank draft issuance |
USD 20 |
Without amount limits |
Cheque clearance |
USD 5 or its equivalent in other currencies |
|
Collection of foreign cheques |
0.001 of the cheque value , with min. USD 10 charge or its equivalent in other currencies |
Postal costs and correspondent bank commissions not included |
Returned foreign cheques (outside Palestine) |
NIS 40 charge per cheque or its equivalent in other currencies |
NIS 25 of the NIS 40 charge is paid to the corresponding bank |
Type Of Banking Service |
Commission |
Credit application (cancel or open a new letter of credit)) |
0.625% with minimum USD 100 charge |
Cover a Credit |
USD 50 |
Notifying of Credit |
USD 200 |
Transfer of Credit |
USD 50 |
Alter credit terms (issued/ Received) |
USD 50 |
Request a special Credit Certificate |
USD 50 |
Increase credit limits |
USD 50 Minimum |
Cancellation of credit |
USD 100 |
Trading of credits facilities |
USD 100 |
Presentation of documents that violate accreditation requirements |
USD 50 |
Extension of credits facilities |
0.625% with minimum 50USD |
Type Of Banking Service |
Commission |
Issuance of a bill for collection | 0.625% with minimum USD 50 charge |
Type Of Banking Service |
Commission |
Acceptance of a timely cash withdrawal (guaranteed/ not guaranteed) |
0.625% with a minimum USD 100 charge |
Incoming deferred withdrawal |
0.625% with a minimum USD 100 charge |
Type Of Banking Service |
Commission |
Issuance of a guarantee letter of all kinds and / or Extended |
From 0.02 to 0.04 of the guarantees value, with a minimum USD 35 charge or its equivalent in other currencies |
Partially covered guarantess |
From 0.02 to 0.04 of the guarantees value, with a minimum USD 35 charge or its equivalent in other currencies |
not covered guarantees |
35 dollars or its equivalent, and no commissions are charged upon liquidation the guarantee |
Amendment of a guarantee |
USD 35 or its equivalent in other currencies |
Altering a guarantee |
USD 35 or its equivalent in other currencies |
Type Of Banking Service |
Commission |
Explanations |
Issue and renewal of main or additional credit card (Tayseer) or issue of a replacement card due to loss or damage |
Issuance and renewal are free of charge Fee for issuance of new card due to damage is USD 20 |
The Bank shall collect the Visa card fees on a monthly basis according to the terms of the customer's account. |
Credit card issue or renewal (Gold Card), or the issue of a replacement card due to loss or damage |
Annual issuance charge is USD 70, an additional card is USD 35 annually, the charge to issue a replacement card (lost or damaged) is USD 35 |
|
Cash withdrawal using a credit card |
|
|
Financial document request for Tayseer card |
USD 15 |
|
Cancellation fees for the Tayseer Credit Card |
USD 20 |
|
ATM (debit card) card issuance and renewal |
USD 5 annually |
Billed annually |
ATM card replacement in case of loss or damage |
USD 5 |
|
Credit and ATM cards issue of new pin code |
USD 4 |
Pin code can be changed for free through an ATM |
Cash withdrawal from other banks’ ATMs inside Palestine |
USD 0.35 or equivalent |
Exemptions are subject to the policies of other banks within Palestine. |
Balance inquiry through non-PIB ATMs within Palestine |
NIS 0.5 or its equivalent in other currencies |
Type Of Banking Service |
Commission |
Explanations |
Set-up fees for individuals |
USD 1 |
Sub-account |
Set-up fees for accounts for corporates or institutions |
USD 6 |
Commission charged once only regardless of the number of sub-accounts |
Commission to reopen a main account for corporates or institutions |
USD 2 |
|
Current account maintenance fee |
USD 2 for individuals USD 4 for corporates and institutions |
Monthly |
Administration fees for a dormant account (An account is classified as dormant in case of no DR/CR transactions on the account for one year, except for interest or commission) |
USD 1.5 |
Monthly. The charging of other commission and charges related to account administration will be waived. No commission will be charged from the decedents’ saving accounts until it is transferred to the heritor/heritors |
Type Of Banking Service |
Commission |
Explanations |
Postponement of repayment(s) |
USD 10 |
|
Altering/dropping guarantor |
USD 5 |
|
Cancelation of credit after administrative approval and prior to execution |
USD 10 |
For individuals and corporate clients |
Amending or altering collateral (changing mortgage) |
USD 10 |
Type Of Banking Service |
Commission |
Explanations |
Bills and Tax vouchers payment |
USD 0.5 |
At the counter |
Standing Orders |
USD 5 |
Collected once a year when requesting periodic standing order or its amendment, excluding standing orders for facilities due payments |
Safe Boxes/small/medium/ large |
Small Box |
|
USD 75 annually |
Medium size Box |
|
USD 120 annually |
Large size Box |
|
Mail expenses |
Within cost limits |
|
Coin deposit |
0.02 |
Subject to additional correspondent bank’s commission |
Account statement request (nonperiodical) upon the client’s request |
USD 0.15 per page |
|
Account statement request for a closed account |
USD 5 |
|
Copy of documents/cheques |
USD 0.5 per document |
For documents less than 1 year old |
Certificates; volume of transactions, balance, solvency, quittance, interests and commissions for tax purposes, Confirmation letter for audit purposes |
USD 5 for individuals |
|
USD 10 for corporates and institutions | ||
Damaged Cash deposit |
0.05 |
correspondent bank’s commission or any other shipment cost |
Fees for signature authentication, upon the request of internal/external bodies |
USD 5 |
|
Online Banking Services for corporates and institutions |
Bank must obtain prior written consent before the services is activated. |
|
Cash withdrawals over the counter |
USD 1 per withdrawal |
Collected from all clients except those not eligible to obtain ATM card and those with physical disabilities (deaf, dumb, blind) and illiterate clients. |
Cash deposit in ILS |
0. 2% |
Daily cash deposits for amounts exceeding ILS 100,000 are subject to a commission fee. The Bank may collect the commission on the total monthly deposits worth more than 2 million shekels, provided that deposits that have already been charged a commission within the daily limit are not included in the calculation |
Deposit in one branch and withdrawal from another |
0.025% or USD 10, whichever is less |
Commission charged if deposit is in one branch and withdrawal is from another on the same day |
Commission of deposit or withdrawal in any currency except (JOD, USD, NIS) |
0.002 |
Commission payable on amounts exceeding 20,000 ( no charge for amounts under 20,000 or for the first 20,000 deposited or withdrawn) |
Accepting instructions by fax |
USD 5 |
One time commission |
Commission for Power of Attorney for individuals |
USD 5 |
|
Disbursement of grants and aids by means of the names of beneficiaries |
USD 3 |
|
Commission for dividing heirs' shares |
USD 5 |
Per share excluding minors |
Modify or add or delete authorized signatories |
USD 3 |
Rate
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