Fees & Commissions


Commissions

Type of Banking Service

 Banking Fee Amount/Rate

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.

 

Type of Banking Service

 Banking Fee Amount/Rate

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

 Banking Fee Amount/Rate

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

Banking Fee Amount/Rate

Issuance of a bill for collection 0.625% with a minimum of $50
Notification of Inward bills for collection 0.625% with a minimum of $50
Bill amendment fees (non-financial amendment) $30
Bill amendment fees (financial amendment) 0.625% with a minimum of $50
Transfer fees for withdrawals of inward/outward bill $50
Return of bill documents for non-payment or non-acceptance $50
Transfer fees for inward bills to another bank $50
Collection fees for inward checks under clean collection from Jordanian banks 35 Jordanian Dinars
Government bond -  Safe custody  20$
Government bond - collection at maturity 40$
Transfer fees for inward checks from Jordan to another local bank for collection 20 Jordanian Dinars

Type Of Banking Service

 Banking Fee Amount/Rate

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

Banking Fee Amount/Rate

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

Banking Fee Amount/Rate

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

  • Through foreign banks 2% of the amount withdrawn
  • Withdrawals from PIB are free
 

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 0.25 or equivalent in other currencies

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

 Banking Fee Amount/Rate

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

Banking Fee Amount/Rate

Explanations

Postponement of repayment(s)

USD 10

 
Altering/dropping  guarantor

USD 5

 

Request a credit report

NIS10

According to the Palestinian Monetary Authority instructions No. 3/2017

Amending or altering collateral (changing mortgage)

USD 10

 

Type Of Banking Service

Banking Fee Amount/Rate

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

  • For the first 20 transactions during the month the client will receive a one-off free account statement upon his/her request (individuals).
  • Periodic account statements will be sent to all clients free every 6 months (twice a year) upon request or by prior agreement.

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

For each signature that is modified, added or canceled.

Rate