Emirates NBD Waives ATM and Banking Fees; Offers Discounts to Support SMEs Amid Economic Uncertainty
The Business Support Package includes waivers for loan deferment fees, international courier charges for business card deliveries, cheque return fees due to unforeseen cash flow interruption, and business debit card replacement fees over the next few months.
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Dubai-based banking group Emirates NBD has launched a Business Support Package offering temporary fee relief to SMEs to help them manage day-to-day operations amid regional conflict.
The package includes waivers for loan deferment fees, international courier charges for business card deliveries, cheque return fees due to unforeseen cash flow interruption, and business debit card replacement fees over the next few months.
Cash withdrawals at ATMs across the UAE and GCC will also be free, and charges for letters of credit and guarantees are discounted by 30%. The bank is also offering a 40% discount on cash management services.
“Emirates NBD is pleased to introduce the Business Support Package, reinforcing our commitment to SMEs by offering greater flexibility at a time when it matters most,” said Hamad Mohamed Zayed, group head of business banking at Emirates NBD. “Through the package, we aim to build confidence and provide meaningful support as the UAE continues to consolidate its position as a globally competitive economy.”
The initiative follows Dubai government’s approval of the AED1 billion economic support package, alongside UAE Central Bank’s Financial Institution Resilience Package to aid the banking sector.
Dubai-based banking group Emirates NBD has launched a Business Support Package offering temporary fee relief to SMEs to help them manage day-to-day operations amid regional conflict.
The package includes waivers for loan deferment fees, international courier charges for business card deliveries, cheque return fees due to unforeseen cash flow interruption, and business debit card replacement fees over the next few months.
Cash withdrawals at ATMs across the UAE and GCC will also be free, and charges for letters of credit and guarantees are discounted by 30%. The bank is also offering a 40% discount on cash management services.
“Emirates NBD is pleased to introduce the Business Support Package, reinforcing our commitment to SMEs by offering greater flexibility at a time when it matters most,” said Hamad Mohamed Zayed, group head of business banking at Emirates NBD. “Through the package, we aim to build confidence and provide meaningful support as the UAE continues to consolidate its position as a globally competitive economy.”
The initiative follows Dubai government’s approval of the AED1 billion economic support package, alongside UAE Central Bank’s Financial Institution Resilience Package to aid the banking sector.
