1. Account Package Overview

Feature / Package	Current Account	Savings Account	2-in-1 Account	Payroll Account	#Young Account
Shari’ah Contract	Qard Hasan	Mudarabah	Combined Mudarabah/Qard Hasan	Mudarabah	Mudarabah
Target Segment	Adults (≥18)	Adults (≥18)	Adults with higher savings goals	Salaried customers	Youth (13–18)
Opening Min. Balance	AED 3,000	AED 3,000	AED 3,000	None (salary credit required)	None
Balance Fall-Below Fee	AED 25 if balance < AED 3,000	AED 25 if balance < AED 3,000	AED 25 if balance < AED 3,000	AED 25 if no salary credit	AED 25 if inactive
Salary Credit Req’d	Optional	Optional	Min. AED 5,000/month	Min. AED 3,000/month	N/A
Profit Eligibility	N/A	Profit on lowest monthly balance¹	Profit on savings component²	Profit from month of salary credit³	Profit on lowest monthly balance¹
Profit Distribution	N/A	Quarterly	Quarterly	Quarterly	Quarterly
Cheque Book	First free; AED 25 thereafter	First free; AED 25 thereafter	First free; AED 25 thereafter	First free; AED 25 thereafter	N/A
Debit Card	Free issuance & renewal⁴	Free issuance & renewal⁴	Free issuance & renewal⁴	Free issuance & renewal⁴	Free issuance & renewal⁴
E-statements	Free monthly	Free monthly	Free monthly	Free monthly	Free monthly
Free Teller Txns	6/month; AED 10 thereafter⁵	6/month; AED 10 thereafter⁵	6/month; AED 10 thereafter⁵	6/month; AED 10 thereafter⁵	6/month; AED 10 thereafter⁵

 

¹ For Savings and #Young, profit applies if balance ≥ AED 3,000.
² Applies only to Savings portion of 2-in-1.
³ Applies only for the credited month.
⁴ Card replacement: AED 25; supplementary: AED 25.
⁵ Teller transactions include withdrawals and deposits.

2. Account Benefits

Current Account

• Free debit card and cheque book.
• Unlimited digital banking and bill payments.
• Payroll salary transfers and standing instructions.

Savings Account

• Quarterly profit based on Mudarabah ratio.
• Round-up savings feature via mobile app.
• Financial education webinars and e-saving goals.

2-in-1 Account

• Combines Current and Savings features.
• Profit on savings portion while maintaining transaction flexibility.
• Automated transfers between segments for optimized earnings.

Payroll Account

• Instant salary credit with priority processing.
• Salary-linked higher profit rates.
• Waived fall-below and teller fees.
• Partner discounts on insurance, telecom, and lifestyle.

#Young Account

• Financial literacy tools and budgeting tracker in app.
• Parental controls: alerts on spending and balance.
• Exclusive youth partner offers (entertainment, education).

Detailed Schedule of Fees

All charges are exclusive of 5% VAT unless stated.

Fee Type	Charge
Account Opening	Free
Account Closure (≤6 months)	AED 100
Monthly Fall-Below Fee	AED 25
Duplicate Statement (per cycle)	AED 45
Copy of Sales Slip (per request)	AED 25
Debit Card Issuance/Renewal	Free
Debit Card Replacement	AED 25
Cheque Book (first)	Free
Cheque Book (subsequent)	AED 25/book
Using Ajman Bank ATM	Free withdrawal, deposit, inquiry
UAE Switch ATM Withdrawal	AED 2/txn
UAE Switch ATM Inquiry	AED 1/txn
GCC Switch ATM Withdrawal	AED 6/txn
GCC Switch ATM Inquiry	AED 3/txn
International ATM Withdrawal	Host country fee or AED 20 (whichever higher)
FX Transaction Processing Fee	2% of transaction amount
Local Transfer (Ajman Bank)	Free
Local Transfer (Other banks, branch)	AED 15
Local Transfer (Other banks, online)	Free
Standing Instruction Setup	AED 50
Insufficient Funds Fee (SI/DD)	AED 25
Returned Cheque	AED 100/cheque
Stop Payment (Cheque)	AED 100/cheque
Liability/No-liability Letter	AED 60
Release Letter	AED 50
Utility Bill Payment (counter)	AED 10