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UAE: Demanding banks to cancel the minimum balance fee
UAE: Demanding banks to cancel the minimum balance fee

Bank customers demanded the cancellation of the minimum balance fee, which is imposed at a value of 26.5 dirhams per month inclusive of value-added tax.

Bank customers demanded the cancellation of the minimum balance fee, which is imposed at a value of 26.5 dirhams per month, including value-added tax, on bank accounts in the event that the balance available in them is less than 3000 dirhams, calling on the Central Bank to review the lists of bank fees, especially after the negative repercussions imposed by the Corona pandemic. " Everyone have to.

Dealers explained that they do not take from banks financing or loans, given that their salaries do not exceed 3000 dirhams, and their salaries cannot be kept in order to avoid deduction of the fee, while others said that they need all their salaries, even if they exceed 3000 dirhams, indicating that this fee constitutes an amount Annually at a value of 318 dirhams, which is relatively large compared to the services provided.