Fees and Commissions

Section One: Accounts and Deposits

No. Type of Fee Amount / Commission Rate
1 Below Minimum charges Current Account 1 JOD per month for balances below 100 JOD
Savings Account 1 JOD per month for balances below 100 JOD
Salaries Current Accounts Free
Basic Account Free
2 Cash Deposit in Local Currency through the Branch Current Account Free
Savings Account Free
Salaries Current Accounts Free
Basic Account Free of charge, with a maximum limit of 350 JOD per transaction
3 Cash Deposit through Safwa Bank’s Branch ATMs Free
4 Cash withdrawal commission on counter with or without ATM card holder Free
5 Cash Withdrawal from ATM Safwa ATM Free
Other Banks ATM 1 JD
6 Dormant Accounts 2 JOD per month with a maximum of 6 JOD across all customer accounts
7 Periodic statements for the agreed period

page for statements less than one year
page for statement more than one year
 Free

0.25 Piaster
0.50 Piaster
8 Issuing an Account Statement via Safwa Online Free
9 Corporate account under establishment commission or Issuing company certificate under establishment 75 JOD
10 Opening a Bank Account for Household Workers 10 JOD on the condition that no additional fees apply
11 Signature verification commission 2 JOD
12 Power of Attorney registration fees 5 JOD
13 Standing instructions commission Customer Same Account Free
Through same banks account 1 JOD / Transaction
Fixed instructions “third parties” According to clause number 12 of the outgoing transfers
14 Through local banks (transfer) Free
15 Deposit cash into the account Free
16 Salary transfer commission 1 JD/ Maximum on the first three salary payment orders per month from the same employer
17 Opening a Bank Account for Household Workers 10 JOD on the condition that no additional fees apply
18 Signature Authentication for Individuals and Companies 2 JOD
19 Power of Attorney registration fees 5 JOD
20 Standing instructions commission Between the customer’s own accounts (within the bank) Free
Transfers to other accounts within the bank 1 JOD
Transfers to client accounts at other banks/institutions According to clause number 12 of the outgoing transfers

Section Two: Certificates (Upon Customer Request)

No. Type of Fee Amount / Commission Rate
1 Certificate of clearance 5 JOD
2 Certificate of Liability 5 JOD
3 Other parties Letter of Salary Transfer 5 JOD
4 Financial adequacy certificate 5 JOD
5 Certificate of Financing profit 5 JOD
6 Reservation certificate for the Ministry of Interior 15 JOD
7 Certificate for a Company Under Establishment 5 JOD

Section Three: Safe Deposit Boxes

No. Type of Fee Amount / Commission Rate
1 Safe deposit box rental fees (small size) 100 JOD Yearly
2 Safe deposit box rental fees (medium size) 200 JOD Yearly
3 Safe deposit box rental fees (large size) 300 JOD Yearly

Section Four: Cheques

No. Type of Fee Amount / Commission Rate
1 Cheque book issuance 10 pages (5 JOD – 7 USD) Based on account currency
2 Cheque book issuance 25 pages (7 JOD – 10 USD) Based on account currency
3 Cheque book issuance 50 pages (10 JOD – 14 USD) Based on account currency
4 Returned cheque commission due to insufficient funds, regardless of the number of times it is presented 20 JOD
5 Stop payment Cheque commission 10 JOD
6 Issuing a stop payment order on a cheque/cheques pursuant to a security report / Stopping cheque payment due to loss. 5 JOD, conditional upon submission of a police report
7 Cheque Settlement fee 10 JD / cheque
8 Certified cheque (JOD) 5 JOD
9 Collection commission cheque in foreign currency (drawn on foreign banks) If the amount is less than $5,000 or its equivalent in foreign currencies 15 JOD
If the amount is More than $5,000 or its equivalent in foreign currencies 35 JOD
10 Cheque clearance out of electronic clearing cheque 5 JOD
11 Post dated drawn on local banks Deposit into accounts (Current, Savings, Salaries) 0.75 Piaster
“Free of charge with a maximum limit of 350 JOD per transaction”

Deposit in the main Account
12 Returned cheques on bank customers’ accounts due to technical reasons 2 JOD
13 Returned cheques from other banks (deposited into the customer’s account)
14 Stop payment on a certified cheque 10 JOD
15 Cheque withdrawal deposited under collection 2 JD per cheque
10 JD per cheque

Section Five: Transfers

a. Outgoing transfers

No. Type of Fee Amount / Commission Rate
1 Issuance of a local transfer through the RTGS system Local transfer commission through e-channels Below 100,000 JODs or 50,000 in foreign currencies.
Amount of 5 JODs, and over that 10 JODs.		 5 JOD  
Amounts over 100,000 Jordanian Dinars / 50,000 in other currencies 10 JOD  
Local transfer commission through branches Amounts up to 100,000 Jordanian Dinars / 50,000 in foreign currencies 8 JOD
Amounts exceeding JOD 100,000 or 50,000 in other currencies 13 JOD
2 Issuance of a local transfer through the ACH system Local transfer commission through e-channels Amounts not exceeding 1,000 JOD 1 JOD
Amounts from 1,000 to 5,000 JOD 2 JOD
Amounts exceeding 5,000 JOD 3 JOD
Local transfer commission through branches Amounts not exceeding 1,000 JOD 2 JOD
Amounts from 1,000 to 5,000 JOD 3 JOD
Amounts exceeding 5,000 JOD 4 JOD
3 International Outward Transfer Fees Up to 500 JOD 6 JOD + Currency value difference
500 JOD – 5,000 JOD 10 JOD + Currency value difference
More Than 5,000 JOD A percentage that doesn’t exceed 0.25% with a maximum limit of 70 JOD + Currency value difference
4 Charges “Ours” For amounts less than 1,000 JOD, the fee is 1 JOD; for amounts exceeding that, the fee is 2 JOD or its equivalent in all currencies
5 Charges “Ours” salary 1 JOD
6 Ours’ fee on foreign outgoing transfers Based on the requesting correspondent bank’s claim
7 Batched local outgoing transfer files processed through the ACH clearing system (e.g., salary transfers, dividend payments) Less than 10 payment order According to Clause No. 2
From 10 payment orders up to 29 payment orders 10 JOD
From 30 to 1,000 payment orders 20 JOD
More than 1,000 to 5,000 payment orders 30 JOD
More than 5,000 to 10,000 payment orders 40 JOD
More than 10,000 to 100,000 payment orders 50 JOD
More than 100,000 payment orders 60 JOD
8 Recall/Cancellation of foreign transfer in (USD/Euro/GBP) 25 JOD + Intermediate Bank Fee
9 Inquiry/Adjustment of a transfer issued in (USD/Euro/GBP) 2 JOD + Intermediate Bank Fee
10 Domestic Transfer Inquiry Fees 2 JOD
11 Commission for reversal/cancellation of local transfers 2 JOD
12 Fixed instructions for clients’ accounts with other entities Local Foreign
1-5000 2 JOD 1-5000 6 JOD
5001 – 50000 3 JOD 5001 – 50000 10 JOD
> 50000 4 JOD > 50000 0.0025 JOD with a maximum limit of 70 JOD

 


b. Incoming Transfers

No. Type of Fee Amount / Commission Rate
1 Local incoming remittances in JOD and foreign currencies through the RTGS system Salary transfers 1 JOD
Other Transfers 2 JOD
2 Incoming foreign currency transfer for local bank customers (Transit Transfer) returned through the RTGS system Payment through electronic payment channels Amounts not exceeding 100,000 JOD / 50,000 in other currencies 5 JOD
Amounts exceeding 100,000 JOD / 50,000 in other currencies. 10 JOD
Payment through the bank’s branches Amounts not exceeding 100,000 JOD / 50,000 in other currencies 8 JOD
Amounts exceeding 100,000 JOD / 50,000 in other currencies. 13 JOD
3 Incoming foreign currency transfer for local bank customers (Transit Transfer) returned through the ACH system Payment through electronic payment channels Amounts not exceeding 1,000 JOD or its equivalent in other currencies 1 JOD
Amounts from 1,000 to 5,000 JOD or their equivalent in other currencies 2 JOD
Amounts exceeding 5,000 JOD or their equivalent in other currencies 3 JOD
Payment through the bank’s branches Amounts not exceeding 1,000 JOD or their equivalent in other currencies. 2 JOD
Amounts from 1,000 to 5,000 JOD or their equivalent in other currencies 3 JOD
Amounts exceeding 5,000 JOD or their equivalent in other currencies. 4 JOD
4 Incoming foreign transfer in Jordanian Dinar where the beneficiary customer’s account is in foreign currency, for Safwa Bank clients. Up to 1,000 JOD or its equivalent in other foreign currencies 3 JOD
Greater than 1,000 up to 5,000 JOD or its equivalent in other foreign currencies. 5 JOD
Greater than 5,000 JOD or its equivalent in other foreign currencies 7 JOD
5 Incoming local transfers through the ACH system Up to 1,000 JOD or its equivalent in foreign currencies. 1 JOD
Greater than 1,000 JOD or its equivalent in foreign currencies 2 JOD
6 Incoming local transfers in Jordanian Dinar or their equivalent in foreign currencies via the RTGS system, returned due to a technical error Returned salary transfers 1 JOD
Other transfers 2 JOD
7 Incoming transfers to the primary account from official or aid entities Free

Section Six: Cards

a. (Debit Card)
No. Type of Fee Amount / Commission Rate
1 Issuance of ATM card Free
2 Renewal of ATM card Free
3 ATM card issuance/renewal linked to the account, based on customer request 5 JOD
4 Visa Electron card / replacement (Damaged/lost) 5 JOD
5 Visa Electron PIN code replacement 1 JOD
6 Prepaid Cards Charge/ Recharge card fees through channels Free
7 Customer charge back claim 5 JOD
8 Balance inquiry through ATMs within Jordan 0.15 Piaster
9 Cash withdrawal through other banks outside Jordan 1 JOD + currency exchange fee + any additional charges from the foreign bank, if applicable
10 Balance inquiry through ATMs outside Jordan 0.35 Piaster
11 Purchase transactions outside the country (home currency) using the ATM card 2.5%
12 Online purchases using an ATM card Inside Jordan Free
Outside Jordan 2.5% currency exchange fee
13 Requesting a mini statement from Safwa Islamic Bank ATMs using an ATM card Free
14 Transfer between the same customer’s accounts using Safwa Islamic Bank ATMs Free
15 Cash deposit using Safwa Islamic Bank ATMs with an ATM card Free
b. (Credit Card)
No. Type of Fee Amount / Commission Rate
1 Charge Murabaha Card issuance Fees Free
2 Charge Murabaha Card renewal fees 25 JOD Yearly Primary Classic
15 JOD Yearly Secondary
50 JOD Yearly Primary Titanium
30 JOD Yearly Secondary
100 JOD Yearly Primary World
75 JOD Yearly Secondary
3 Annual profit for Murabaha Credit Card 12%/year
4 Online activation of the electronic Murabaha card Free
5 Customer charge back claim 5 JOD
6 Cancelation of Murabaha Card Free
7 Murabaha Credit Card replacement (lost/ stolen) 10 JOD
8 Murabaha Credit Card Cash ATM withdrawal fees 4% with a minimum value 4 JOD
9 FX Markup for foreign transactions through Murabaha Electronic Card 3.5%
10 Murabaha Credit Card PIN replacement (lost/ stolen) 5 JOD
c. (Prepaid Card)
No. Type of Fee Amount / Commission Rate
1 Prepaid Cards Issuance Fee 5 JOD
2 Renewal of Prepaid card 5 JOD
3 Issuance of a prepaid card replacement for lost/damaged card 5 JOD
4 Prepaid Cards Charge/ Recharge card fees through channels Free
5 Prepaid Cards Cash ATM withdrawal fees 1 JOD

Section Seven: Financings

No. Type of Fee Amount / Commission Rate
1 Financing grant commission 1% one-time fee upon granting from the financing amount
1% of the increase in the financing amount for the (Top Up)
2 Loan installment postponement fees 5 JOD / installment
3 Mortgage release fees Without
4 Retained portion of the rental proceeds, if the remaining period is due for the last installment (more than one year)
Early/Partial settlement fees		 1%
5 Retained portion of the rental proceeds, if the remaining period is due for the last installment (less than one year) Free
6 Amending finance conditions fees / customer request 5 JOD

Section Eight: Documentary Collection

No. Type of Fee Amount / Commission Rate
1 Settlement of an incoming policy 0.50 % to 0.25 %
2 Conversion of the policy to a bill of exchange 1% to 2% annually
3 Release of documents without payment 30 JOD
4 Transfer of documents to another local bank 30 JOD
5 Issuance of a policy 0.25% to 0.5%, with a minimum of 30 JOD
6 DHL Mail 30 JOD

Section Nine: Letters of Credit

No. Type of Fee Amount / Commission Rate
1 Letter of Credit Issuance 0.250% to 0.375% with a minimum of 40 JOD
2 Non-financial amendment to the issuance of the letter of credit 15 JOD
3 Financial modification to the letter of credit issuance 0.25% to 0.375%, with a minimum of 40 JOD
4 Transfer of a letter of credit to a draft 1% to 2%, with a minimum of 40 JOD
5 Discrepancy in documents 70 JOD
6 Advice of an incoming letter of credit 0.1% to 0.20%, with a minimum of 40 JOD
7 Negotiation of documents 0.125% to 0.375%, with a minimum of 40 JOD
8 Transfer of an incoming letter of credit 0.25% to 0.5%, with a minimum of 50 JOD
9 Non-financial amendment to the letter of credit 15 JOD
10 Financial amendment to the letter of credit 0.1% to 0.20%, with a minimum of 40 JOD
11 Acceptance of a draft 1% to 2%, with a minimum of 40 JOD
12 Enhancement of a letter of credit 0.250% to 0.5%, with a minimum of 40 JOD

Section Ten: Guarantees

No. Type of Fee Amount / Commission Rate
1 Issuance of a guarantee for a local beneficiary 1% with a minimum of 30 JOD
2 Issuance of a guarantee for a foreign beneficiary 2% with a minimum of 50 JOD
3 Non-financial amendment to the guarantee issuance 15 JOD
4 Financial amendment to the issuance of a local guarantee 1% with a minimum of 30 JOD
5 Financial amendment to the issuance of a foreign guarantee 2% with a minimum of 50 JOD
6 Guarantee notification 1% with a minimum of 50 JOD
7 Issuance of a guarantee on behalf of 2% with a minimum of 70 JOD
8 Settlement commission for another bank 0.125% with a minimum of 30 JOD

Section Eleven: Treasury and Investment

No. Type of Fee Amount / Commission Rate
1 Currency difference 0.5%
2 Early withdrawal of the certificate of deposit 30% of the accrued profits
3 Withdrawal of a deposit 10% of the accrued profits
4 Foreign currency exchange / deposit Foreign currency exchange/deposit commission:

At all branches: 0.3%
At border centers: 2%
5 Deposit of U.S. dollar cash 0.3%

Section Twelve: Other Fees

No. Type of Fee Amount / Commission Rate
1 Duplicate copy of documents / cheques 0.5 JOD
2 Request to watch ATM video 5 JOD
3 Utility bills payment Through digital banking channels Free
over the counter 1 JOD
4 Automated banking services (for debit cards and electronic banking services) 0.50 JOD per month per customer
5 Credit Inquiry Free
6 SMS Messaging Service Free
7 SWIFT Charges (Non-Financial / Inquiry and Amendment) 2 JOD plus 50 USD or EUR
For GBP currency: 2 JOD plus 35 GBP
8 Stamps Stamps are collected in accordance with the provisions of the Import Stamp Duty Law
9 SWIFT MT700 Message 20 JOD for the first page and 5 JOD for each additional page
10 Archiving correspondence Free
11 Fee for Issuing a CRIF Report 2.32 JOD