UBL UK Personal Bank Account Schedule of Charges

1.

Payments/Account Services

Charges

1.1

Cheque Returned Unpaid (Inward)

£15.00

1.2

Cheque Returned Unpaid (Outward)

£25.00

1.3

Cheque Collected in Special Clearing

£25.00

1.4

Setting up standing order

Free

1.5

Unpaid Standing Order

£20.00

1.6

Unpaid Direct Debit

£20.00

1.7

Stop Payment of Cheque

£10.00

1.8

Stop Payment of Lost Chequebook

£10.00

1.9

International collection(USD,GBP,EUR cheques)

Clearing agent charges + £20.00

1.10

Foreign Cheque Returned Unpaid

£20.00

1.11

Penalty for Fixed Deposits Withdrawn Before Maturity

 

 

Term of Deposit

Penalty Charges

 

- 3 months

30 days gross interest

 

- 6 months

60 days gross interest

 

- 1 Year

90 days gross interest

 

- 2 Years

180 days gross interest

 

- 3 Years

270 days gross interest

 

- 5 Years

365 days gross interest

 

- 7 Years

730 days gross interest

Please refer to product's Terms and Conditions for more details

1.12

Duplicate Statement

£2.50 per page

1.13

Temporary Account Statement

£5

1.14

Online Easy Access Account Withdrawal Arrangements

One free withdrawal each calendar month. £1 charge for each subsequent withdrawal within the same month

2.

Safe Deposit Box

 

2.1

Annual fee

 

 

- Small

£175 per annum

 

- Medium

£225 per annum

 

- Large

£275 per annum

 

Late Payment Charge

£15/month

3.

Transfers Abroad/International Transfer of Monies

 

3.1

Telegraphic Transfer (Account Holders) upto £100,000

£20.00

3.2

Telegraphic Transfer (Account Holders) over £100,000

£25.00

3.3

Telegraphic Transfer (NON-Account Holders) upto £100,000

£25.00

3.4

Telegraphic Transfer (NON-Account Holders) over £100,000

£30.00

3.5

Cash Handling Charges for NON-Account Holders (Telegraphic Transfer)

50p per £100

3.6

Amendments to Telegraphic Transfers

£10.00

4.

Issuance of Demand Draft and Payment Orders (All currencies)

 

4.1

Issuance of Demand Draft(Account Holders)

£15.00

4.2

Issuance of Payment Order (Account Holders)

£15.00

4.3

Issuance of Demand Draft/PO(NON-Account Holder)

£20.00

4.4

Cash Handling Charges for NON-Account Holders (Issuance of Demand Draft/PO)

50p per £100

4.5

Cancellation Demand Draft(Account Holders)

£15.00

4.6

Cancellation Payment Order(Account Holders)

£15.00

4.7

Cancellation Demand Draft/PO(NON-Account Holders)

£20.00

5.

Home Remittances

 

5.1

Money Transfer to Pakistan (in PKR)

Free of charge for GBP equivalent of 90 and above. £3 charge for transactions below £90

5.2

Money Transfer to Bangladesh (BDT) and India INR)

£3.00

5.3

Cash Handling Charges for Bangladesh (BDT) and India (INR) for Non Account Holder

50p per £100

6.

Domestic Payments

 

6.1

Transfer into an account with UBL UK (Internal Transfers)

Free of charge

6.2

Domestic Payment within UK(GBP)-up to £100,000(in branch)

£20.00

6.3

Domestic Payment within UK(GBP)-more than £100,000(in branch)

£25.00

6.4

Domestic Payment within UK(GBP)-up to £10,000(via UBL Online Banking)

Free of charge

7.

Debit Card Charges

 

7.1

In UK (Local)

 

 

At a UK Cash Machine for GBP Withdrawal

No Charge*

 

Purchase Transaction in the UK

No Charge*

7.2

International Transactions

 

 

- At all Cash Machines/ATMs

2% (min £2 max £4)

 

Purchase Transactions

No Charge*

 

- FX Margin

2.99%**

7.3

Other Debit Card Charges

 

 

Damaged Card Replacement

£5.00

 

Lost/Stolen Card Replacement

£5.00

 

PIN Mailer re-issue charges

£5.00

*UBL UK would not charge anything on such transactions. However, the owner of the machine may levy some charges, but in such cases, customer is mostly informed by the machine.

**In addition all foreign currency transactions would be converted to GBP at prevailing exchange rate.

8. Overdrafts

A overdraft is a short-term way of borrowing money through a current account so you can make payments even though there isn’t enough money in your Account to cover them.

"Authorised Overdrafts"

UBL UK currently does not offer Arranged Overdrafts.

"Unauthorised Overdrafts"

This occurs where there is no agreed facility on your Current Account and you make a payment instruction or incur charges on your account.

UBL UK does not offer arranged overdrafts, but in the event that you find yourself in an unarranged overdraft, the interest rate applied as of 14.04.20 is 28.07% Equivalent Annual Rate (EAR)*.

The table below shows you how much it will cost to borrow £500 based on different lengths of maintaining an unarranged overdraft at the current rate of 28.07% EAR Variable**. 

Example unarranged overdraft period

The daily cost as of 14.04.2020

3 days  £0.34 per day
30 days  £0.34 per day
60 days  £0.34 per day 

**Assuming the Account moves into unarranged overdraft, and remains overdrawn for the same balance for the specified number of days. 

All overdraft outstanding amounts and fees are repayable on demand.

Overdraft interest on negative balances will be calculated daily and debited from your account on the last day of the calendar month.  

*EAR is Equivalent Annual Rate.This is the actual annual rate of an overdraft.It does not take into account other fees and charges.