NBQ Personal Account

Minimum Salary
0,00 د.إ

Description

National Bank of Umm Al Qaiwain (NBQ) offers three Shari’ah-compliant personal accounts—Classic Current, Sukoon Savings, and Term Deposit—each with clear eligibility, competitive rates, and straightforward fee structures. Selecting the right account depends on your transaction needs, savings goals, and desired profit or yield.

Features

Account Packages & Eligibility

Feature / Package	Classic Current	Sukoon Savings	Term Deposit
Shari’ah Contract	Qard Hasan	Mudarabah	Mudarabah
Target Customer	Residents ≥ 18	Residents ≥ 18	Residents & non-residents ≥ 18
Minimum Balance	AED 1,000¹	AED 1,000²	AED 5,000³
Salary Transfer Waiver	AED 5,000/mo	AED 5,000/mo	N/A
Monthly Fee if Breach	AED 20 if < AED 1,000	AED 20 if < AED 1,000	N/A
Profit / Yield Rate	N/A	0.25% p.a. (AED)⁴	1.75%–3.25% p.a. by tenor⁵
Profit Payout	N/A	Semi-annual	At maturity
Cheque Book	Free first; AED 1/leaf	N/A	N/A
Debit Card	Free issuance & replacement	Free issuance & replacement	N/A
Digital Banking	Full app & online	Full app & online	Managed via linked account

¹ Minimum monthly average balance; waived by salary transfer or active NBQ product.
² Minimum daily balance; waived by salary transfer or active NBQ product.
³ Minimum placement for term deposit.
⁴ Rate subject to periodic review; applies to AED balances.
⁵ Tenors 1–12 months; yields increase with tenor.

Detailed Schedule of Fees & Charges

All fees inclusive of 5% VAT where applicable.

Service Category	Service	Charge
Account Maintenance	Monthly balance breach (Current/Savings)	AED 20/month
Account Opening & Closure	Opening	Free
	Closure within 6 months	AED 50
Teller Transactions	Cash/Cheque withdrawal & deposit	AED 52.50/txn beyond free quota
ATM & Card Services	NBQ ATM (withdrawal, deposit, inquiry)	Free
	Non-NBQ UAE ATM withdrawal	AED 2/txn
	GCC ATM withdrawal	AED 6/txn
	International ATM withdrawal	AED 20/txn
	Debit card issuance & renewal	Free
	Debit card replacement	AED 25
Funds Transfers	NBQ-to-NBQ transfers (digital & branch)	Free
	Interbank UAE transfer (online)	Free
	Interbank UAE transfer (branch)	AED 15
	International SWIFT (BEN/SHA digital)	AED 25
	International SWIFT (OUR branch)	AED 75 + correspondent fees
Cheque Services	Cheque book (subsequent leaves)	AED 1/leaf
	Cheque return	AED 100 + CBUAE fee
	Stop payment	AED 105
Statements & Certificates	Duplicate statement (per cycle)	AED 25
	Statement outside cycle	AED 25/request
	Balance / liability / release letter	AED 50/request
Standing Instructions	Setup/amendment/cancellation	AED 52.50

Account Benefits Summary

Classic Current: Ideal for everyday banking; free first cheque book; digital & branch access; salary-credit waiver.
Sukoon Savings: Steady semi-annual profit; no fall-below fees with salary; full digital access.
Term Deposit: Attractive fixed yields by tenor; capital protection; flexible placement options.

Documents Required

Emirates ID (original & copy)
Passport & valid UAE residence visa copy (for expatriates)
Salary transfer letter or bank statement (for salary waiver)
Proof of address (utility bill)
Completed account opening form

Additional Info

Use Classic Current for transactional ease, Sukoon Savings for moderate savings with periodic profit, and Term Deposit for locking in higher yields over defined tenors.