Fees & Charges

Last Updated on 9 September 2021

YAP IBAN ACCOUNT & DEBIT CARD
YAP IBAN Account & Debit Card Free
Minimum Balance Requirement No Minimum Balance
Account Closure Fee (applicable if account is closed within 12 months) AED 100.00
Card Re-Issuance Fee AED 50.00
Manager’s cheque AED 50.00
FUND DEPOSIT INTO YAP IBAN ACCOUNT
Cash Deposit at RAKBANK ATM Free
Local Inward Transfer to YAP IBAN Account AED 1.00
Local Inward Transfer to YAP IBAN Account – From Non-AED Currency AED 20.00
YAP to YAP Transfer Free
Top up via Credit Card / Payment Gateway 2.55%
CARDS TRANSACTIONS
ATM Withdrawal at RAKBANK ATM Free
ATM Withdrawal at any UAE ATM (Other than RAK Bank ATM) AED 2.00
ATM Withdrawal within GCC AED 6.00
ATM Withdrawal at International ATM AED 20.00 + 2% Transaction Fee
Balance Inquiry at RAKBANK ATM Free
Balance Inquiry at any UAE ATM AED 1.00
Balance Inquiry at any GCC ATM AED 3.00
Declined ATM Transactions AED 1.00
E-Commerce Transactions within UAE Free
POS Transactions within UAE Free
POS Transactions Outside UAE*** 1.99% Transaction Fee
E-Commerce Transactions Outside UAE*** 1.99% Transaction Fee
FUND TRANSFER & REMITTANCE
Local Outward Transfer from YAP IBAN Account AED 2.00
EFT Investigation for TT amendment/cancellation request etc. AED 50.00
International Outward Transfer from YAP IBAN Account via Swift/RMT** As applicable (refer to remittance & swift schedule)
YAP ACCOUNT STATEMENT CHARGES
IBAN Account Statement on Mobile App Free
IBAN Account Statement Hard Copy (with Stamp)* AED 25.00 (Delivery Charges may apply)
YAP PACKAGES
B2C Spare (Virtual) Prepaid Card AED 6 Annual Fee
  • * Card Delivery Charges of AED 25.00 shall be applicable (from 3rd appointment onwards)
  • ** For detailed Fund Transfer & Remittance related charges, please click Fund Transfer T&C’s
  • *** This fee is charged in addition to the standard processing fee charged by Mastercard International and is applicable to transactions performed in any currency other than UAE Dirhams (approximately 1.15%).
All charges are subject to changes without notice at the sole discretion of YAP. In line with UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on YAP’s fees and charges specified herein, wherever applicable and as per UAE Law
YAP – RAKBANK – REMITTANCE
Account Credit
Service Currency Slab From Slab To Fee VAT TOTAL FEES (inclusive of VAT)
Account Credit INR to India
  • AED 0.00
  • AED 500.01
  • AED 1,000.01
  • AED 500.00
  • AED 1,000.00
  • AED 100,000.00
  • AED 5.00
  • AED 10.00
  • AED 15.00
  • 0.25
  • 0.50
  • 0.75
  • AED 5.25
  • AED 10.50
  • AED 15.75
Account Credit LKR to Sri Lanka
  • AED 0.00
  • AED 1,000.01
  • AED 125,000.01
  • AED 1,000.00
  • AED 125,000.00
  • AED 1,000,000.00
  • AED 15.00
  • AED 20.00
  • AED 30.00
  • 0.75
  • 1.00
  • 1.50
  • AED 15.75
  • AED 21.00
  • AED 31.50
Account Credit NPR to Nepal
  • AED 0.00
  • AED 1,000.01
  • AED 1,000.00
  • AED 1,000,000.00
  • AED 9.52
  • AED 9.52
  • 0.48
  • 0.48
  • AED 10.00
  • AED 10.00
Account Credit PKR to Pakistan
  • AED 0.00
  • AED 736.01
  • AED 736.00
  • AED 1,000,000.00
  • AED 0.00
  • AED 0.00
  • AED 0.00
  • AED 0.00
Account Credit EUR to EU Countries
  • EUR 0.00
  • EUR 7,000.01
  • EUR 100,000.01
  • EUR 200,000.01
  • EUR 400,000.01
  • EUR 1,999.99
  • EUR 24,999.99
  • EUR 49,999.99
  • EUR 99,999.99
  • EUR 9,999,999,999.00
  • AED 25.00
  • AED 35.00
  • AED 55.00
  • AED 100.00
  • AED 120.00
  • 1.25
  • 1.75
  • 2.75
  • 5.00
  • 6.00
  • AED 26.25
  • AED 36.75
  • AED 57.75
  • AED 105.00
  • AED 126.00
Account Credit BDT to Bangladesh
  • AED 0.00
  • AED 1,000.01
  • AED 1,000.00
  • AED 1,000,000.00
  • AED 14.29
  • AED 14.29
  • 0.71
  • 0.71
  • AED 15.00
  • AED 15.00
Account Credit PHP to Philippines
  • AED 0.00
  • AED 2,000.01
  • AED 2,000.00
  • AED 1,000,000.00
  • AED 14.29
  • AED 19.05
  • 0.71
  • 0.95
  • AED 15.00
  • AED 20.00
Currency Bank Routing Slabs/Tiers Bank Charges (Bank Receiving the money)
Name Sign Option-1: To Home country of the currency Option-2: To outside home country of the currency Flat Fee per Swift Transaction
(Inclusive of VAT 5%)
Australian Dollar AUD Any Amount AUD 26.25 AUD 26.25 AED 31.50
Bahraini Dinar BHD Any Amount BHD 3.15 BHD 3.15 AED 31.50
Canadian Dollar CAD Any Amount CAD 15.75 CAD 15.75 AED 31.50
Swiss Francs CHF Any Amount CHF 7.35 CHF 7.35 AED 31.50
Danish Kroner DKK Any Amount DKK 78.75 DKK 78.75 AED 31.50
Pound Sterling GBP Any Amount GBP 12.60 GBP 42.00 AED 31.50
Indian Rupee INR Canara Bank Any Amount INR 157.50 INR 157.50 AED 31.50
Japanese Yen JPY Any Amount JPY 4,200.00 JPY 6,825.00 AED 31.50
Kuwait Dinar KWD Any Amount KWD 1.05 KWD 1.05 AED 31.50
Sri Lanka Rupee LKR Any Amount LKR 0.00 LKR 0.00 AED 31.50
Norwegian Kroner NOK Any Amount NOK 105.00 NOK 105.00 AED 31.50
Oman Riyal OMR Any Amount OMR 5.25 OMR 5.25 AED 31.50
Pak Rupee PKR Any Amount PKR 0.00 PKR 0.00 AED 31.50
Qatar Riyal QAR Any Amount QAR 36.75 QAR 36.75 AED 31.50
Saudi Riyal SAR Any Amount SAR 42.00 SAR 52.50 AED 31.50
Singapore Dollar SGD Any Amount SGD 31.50 SGD 63.00 AED 31.50
U.S Dollar USD Any Amount USD 10.50 USD 10.50 AED 31.50
South African Rand ZAR Any Amount ZAR 136.50 ZAR 136.50 AED 31.50
EUR Banco Santander S.A, Spain, BSCHESMMXXX
  • AED 0.00 to 45,000.00
  • AED 45,000.01 to 90,000.00
  • AED 90,000.01 to 180,000.00
  • AED 180,000.01 to Max. amount
  • EUR 12.60
  • EUR 23.10
  • EUR 33.60
  • EUR 63.00
  • EUR 12.60
  • EUR 23.10
  • EUR 33.60
  • EUR 63.00
  • AED 31.50
  • AED 31.50
  • AED 31.50
  • AED 31.50

All charges, commissions and fees are exclusive of Value Added Tax or any other similar sales tax (VAT). If VAT is applicable, it will be chargeable and payable in addition to, and at the same time as, the above mentioned charges