Fees & Commissions


Commissions

Commission Type

 Commission

Explanations

Outward transfer paid cash

 / wrong 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-transferring of inter-bank transfer

Treated as outward transfer; the commission is treated as a maximum and according to its type

Outward transfers amendment

Treated as outward transfer commission with maximum value of USD 15.

Treated as outward transfer; the commission is treated as a maximum and according to its type

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 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 / 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/ Cheques

Purchased and Postponed.

Returned cheque due to insufficient balance

USD 15

 Forbidden to be collected from the beneficiary.

Returned cheque due to technical

reasons

10 USD

Deducted from cheque owner in case of difference of the signature or the punctuation or not to sign the correction, and it is forbidden to be collected from the beneficiary.

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 min. USD 25 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

Clear a cheque

USD 5 or its equivalent in other currencies

 

Collection of  foreign cheques

0.001 of the Cheque value , with min. USD 10 or its equivalent  in other currencies

Postal costs and correspondent bank commissions not included

Foreign Returned Cheques (outside Palestine)

USD 40 /cheque or its equivalent in other currencies

NIS 25 for Intermediary Bank cost

Type Of Banking Service

 Commission

Credit application (Cancel or Open a new letter of credit)

0.625% with minimum USD 100

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

Submit credit facilities that violates 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

Type Of Banking Service

 Commission

Acceptance of a timely Cash withdrawal (guaranteed/ not guaranteed)

0.625% with minimum USD 100

Incoming deferred withdrawal

0.625% with minimum USD 100

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 minimum USD 35 or its equivalent in other currencies

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

Credit Card (Tayseer) issuance and renewal (main or additional card) issue a replacement (lost or damaged)

Issuance and renewal are Free of charge

damaged) is USD 20

The Bank shall collect the fees of the Visa Card on a monthly basis according to the customer's categories shown in the service application.

Credit Card issuance and renewal (Golden Visa), or issue a replacement  (lost or damaged)

Annual issuance charge is USD 70, while the additional card is USD 35 annually, charges to issue a replacement (lost or damaged) is USD 35

 

Cash withdrawal using a credit card

  • Through foreign banks USD 3 + 2%  of the amount withdrawn
  • Palestine Islamic Bank withdrawal for free
 

Requesting a financial instrument document for the Taysser card

USD 15

 

Cancellation fees for Tayseer Credit Card.

USD 20

 

ATM (debit card) cards issuance and

renewal.

USD 5 annually

Annually and forbidden to be collected in case it met the monthly ATM service commission

ATM replacement (lost or

damaged)

USD 5

 

Credit and ATM cards issuance of new pin code

 

Other than the pin code changed through the ATM

Cash withdrawal from other banks ATMs inside Palestine

 

Exemptions are subject to the policies of other banks within Palestine.

Balance Inquiry through non-PIB ATM 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 corporates or institutions  account

USD 6

commission collected 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 of a dormant account

  classified as dormant in case of no DR/CR transactions on the account for one year, except entries of interests and commissions

USD 1.5

Monthly, charging of other commissions and charges related to account administration should be waived, and the commission must not be charged from decedents’ saving accounts – that are not yet distributed among 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

-The first 20 transactions during the month The client will receive a one-time free account statement upon his/her request (individuals).

-Periodic account statement is granted to all clients for free every 6 months (twice a year) upon request or to be sent according to a pre-agreed mechanism.

Account statement request for a closed

account for previous periods

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 which include 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 fees

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 and in the same day

Commission of deposit or withdrawal in any currency except (JOD,USD,NIS)

0.002

or the amount over than 20,000 EURO

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