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