Arabic

Personal Banking

Applicable Consumers’ fees and charges and lending rates

Applicable Consumers’ fees and charges

Accounts

Minimum Balance fees (Current or Savings Accounts)

Salary Accounts: Without fees
Current Account: JD 1 per month for balances below JD 200
Savings Account: JD 1 per month for balances below JD 100

Hold Mail fees

JD 5 per month

Dormant Account fees
JD 2 per month “Despite the account Balance”
Mail Charges for Paper Account Statement

JD 1 per statement
(free through Arabi Online)

Account Statement request (second copy)

JD 0.25 per page for documents ages’ less than one year
JD 0.5 per page for documents ages’ more 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
JD 3 per document for documents ages’ more than 6 months

Cheques
Cheque Book issuance

10 papers: JD 2.5
20 papers: JD 3.5
50 papers: JD 7.5

Cheque clearance (out of Electronic Cheque Clearance)

Local: JD 5
International: JD 20

Post dated cheque held for collection 

JD 1 per cheque

Stop payment of cheque as per customer request

JD 10 per cheque
(JD 10 for a group of serial cheques)

Cheque settlement fees  

JD 10 per cheque

Issuance of Bank draft (Jordanian Dinnar)

JD 5

Returning cheque due to insufficient funds

JD 20 per cheque

Returning cheque due to insufficient funds for the second time

JD 40 per cheque

Cards
Credit Cards
Credit Cards issuance and renewal fees
(Primary Cards)

Visa Silver / Visa Silver Nashama: Free
Visa Zain Classic: JD 25
Visa RJ Classic: JD 35
Visa Gold / Visa Black / Visa Zain Gold / MasterCard Titanium: JD 50
Visa RJ Gold: JD 60
Visa Platinum / Visa Together: JD 100
Visa Signature :JD 180

Credit Cards issuance and renewal fees
(Supplementary Cards)

Visa Silver / Visa Silver Nashama / Visa Together: Free
Visa Zain Classic: JD 13
Visa RJ Classic: JD 18
Visa Gold / Visa Black / Visa Zain Gold / MasterCard Titanium: JD 25
Visa RJ Gold: JD 30
Visa Platinum: JD 50
Visa Signature :JD 90

Foreign Exchange commission 
3 %
Cash advance fees
4 % (Minimum JD 4)
Fund transfer through Arabi online

4%

Late payment fees

JD 15 for all cards
(JD 20 for Silver Card)

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
(JD 20 for Silver card)

Dormant card fees (for Silver card only)

JD 2 per month

Mail Charges for Paper Account Statement

JD 1 per statement
(free through Arabi Online)

Card fraud transaction objection fees

JD 5 (refundable if fraud proven)

Visa Electron Cards
Cards replacement (lost or damaged) 
JD 5
Cash withdrawal – JONET switch
JD 1
Balance enquiry – JONET switch

JD 0.15

Visa Electron card fees

JD 0.5 per month

Pin code replacement fees (lost)
JD 1
Foreign Exchange commission  
4%
ATM Cash withdrawal outside Jordan using Arab Bank ATM in Palestine (Arabi Net)

1 JD (for JOD Withdrawals)

ATM Cash withdrawal outside Jordan using Arab Bank ATM (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)

Loans
Mortgage (housing) 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)

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
JD 8 for installments with amount equals to or more than JD 70
JD 10 for Corporate Small segment

Account Statement request (second copy)

JD 0.25 per page for documents ages’ less than one year
JD 0.5 per page for documents ages’ more than one year

Mortgage release fees

JD 10

Early settlement fees

No fees: if remaining tenure is one year or less
1% of outstanding loan balance: if remaining tenure more than one year

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)

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
JD 8 for installments with amount equals to or more than JD 70
JD 10 for Corporate Small segment

Account Statement request (second copy)

JD 0.25 per page for documents ages’ less than one year
JD 0.5 per page for documents ages’ more than one year

Early settlement fees

No fees: if remaining tenure is one year or less
1% of outstanding loan balance: if remaining more than one year

Auto Loans
Loan processing fees

1% of loan amount for the first year (no min amount)

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
JD 8 for installments with amount equals to or more than JD 70
JD 10 for Corporate Small segment

Account Statement request (second copy)

JD 0.25 per page for documents ages’ less than one year
JD 0.5 per page for documents ages’ more than one year

Mortgage release fees

JD 10

Early settlement fees

No fees: if remaining tenure is one year or less
1% of outstanding loan balance: if remaining tenure more than one year

Remittances  
Outward Remittances fees (Inside Jordan)

JD 5

Outward Remittances fees (Outside Jordan)

0.25% (min JD 5 and max JD 70) + Swift fees

Inward Remittances fees

0.2% (min $2 and max $5)

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

Outward Remittances fees ( to Arab Bank Branches in Palestine ) Free For Retail Customers
Inward Remittances fees sent from the Central Bank relating to individuals savings bonds

JD 2

 

Certificates

Certificate of Clearance (in case no liabilities) / Certificate of Bank’s Commissions and Interests / Liabilities Certificate / Partial Salary Transfer Letter

JD 5

Balance Certificate / Balance Blocking Certificate / Certificate of Clearance (in case of available liabilities) / Capability of Spending Letter

JD10

Certificate of Bank’s Commissions and Interests / Balance Certificate ( ordered through Hala Arabi Service or Arabi Online Banking ) JD3


Miscellaneous 
Signature Authentication   
JD 2
Fees of cash withdrawals at teller desk for amounts less than JD 1000

JD 0.5 for amounts equals or less than JD 300
JD 1 for amounts from JD 301 to JD 1000
(free for customers who do not hold an ATM card)

Salary Transfer fees

JD 1 per month

Safe Box rental fees

JD 75 to JD 200
+ JD 200 to JD 600 as cash collaterals
(according to safe box size)

Standing Order fees
JD 1 per order
(free through same customer accounts or through Arabi Online)
Foreign Exchange fees

0.5%

Foreign currency deposit in a foreign currency account

0.25% for amounts equals to or less than the equivalents of USD 1000 (no min amount)
0.1% for amounts more than the equivalents of USD 1000

Fax fees

JD 3 to JD 5

Swift fees

JD 5

Utility bills payment

JD 0.1 to JD 1 (according to bill type and payment method)

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
Tier two: JD 5 per month

Minimum quarterly average balance fees for “Arabi Premium” program

JD 20 per quarter

SMS Fees

Free for Marketing SMS 
Free For SMS Express
JD 0.3 starting from the Sixth messages for SMS Express Plus

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 amount JD 40
Delay commission for expired  not canceled L/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, Deferred  payment commission under import L/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 each  Bill
Commission for collateral bills
JD 1 for each Bill
Postal charges for discounted bills
JD 0.5 for each Bill

  • Should you need further details about other fees and commissions of Arab Bank, kindly contact the relationship manager, or call our Customer Contact Center on 4600900, or call our toll free number 0800 22222 if calling from any city outside Amman (within Jordan).
  • Governmental stamp duties are imposed on some banking transactions in accordance with the instructions of Ministry of Finance
  • Arab Bank has the right, from time to time, to change the terms and conditions of the products and the interest rate and commissions (all in accordance with the applicable laws). The customer shall be notified of such changes through the means agreed upon between the customer and Arab Bank.
  • Banking Programs offer certain exemption on specific fees and those exemptions are set based on the related program.

Interest rates on Consumers’ Loans


Consumer Loans’ Interest Rates

Product Name

Nominal Interest Rate

Housing Loans Starting from 7.75% Decreasing Interest
Land Purchase Loans 8.99% Decreasing Interest
Personal Loans                                       Starting from 10.25% Decreasing Interest
Auto Loans (New) 5% Flat Interest rate
Auto Loans (Used) 5.5% Flat Interest rate

Debit Interest on Current Accounts

Product Name

Nominal Interest Rate

Current account overflows                      15%  (Calculated on the daily balance)
Salary Advance 18%  (Calculated on the daily balance)

• Interest rates indicated above are for guidance purposes only and for individual customers only.
• For more information, please call our Customer Contact Center on 4600900, or call our toll free number 0800 22222 if calling from any city outside Amman (within Jordan).
• Interest Rates are being set based on the 6 months JODIBOR rates.
• “Elite” and “Arabi Premium” programs offers certain discounts on the Personal Loans interest rates.

The table below shows the explanatory examples of how to calculate the real interest rate:

 

Product Name

Effective Interest Rate

Loan Period (Years)

E.g. How to Calculate the Effective Interest rate

Personal Loans

11.87%

          1   Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 880 monthly installment
Personal Loans 

10.99%

2

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 463 monthly installment
Personal Loans

10.69%

3

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 324 monthly installment
Personal Loans

10.52%

4

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 255 monthly installment
Personal Loans

10.43%

5

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 214 monthly installment
Personal Loans

10.37%

6

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 187 monthly installment
Personal Loans

10.32%

7

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 167 monthly installment
Personal Loans

10.3%

8

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 153 monthly installment
Auto Loans

11.92%

1

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 881 monthly installment
Auto Loans

10.73%

3

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 324 monthly installment
Auto Loans

10.41%

6

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 187 monthly installment
Auto Loans

10.33%

8

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 153 monthly installment
Mortgage loans

 10.19%

 1

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 2,615 monthly installment
Mortgage loans

 8.7%

 5

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 614 monthly installment

Mortgage loans

 8.48%

 10

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 370 monthly installment
Mortgage loans

 8.42%

 15

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 294 monthly installment
Mortgage loans

 8.39%

 20

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 258 monthly installment
Mortgage loans   

 8.37%

 25

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 239 monthly installment               
Mortgage_loans  

 8.35%

 30

 Mortgage JD 30,000,8.25% Interest Rate, and 1%commission. 

JD 228 monthly installment