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28 Jul, 2025
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UAE banks to raise international transaction fees on credit, debit cards
@Source: gulfnews.com
Abu Dhabi: Local banks in the UAE have notified their customers that starting September 22, 2025, fees on international transactions made with credit cards or debit cards will be increased, Al Khaleej Arabic daily reported..UAE: Transferring money to strangers could land you 10 years in prison.In a notice circulated to clients by one of the banks, the surcharge for using cards abroad will rise to 3.14 percent of the transaction amount, up from the current 2.09 percent..Money transfers: UAE expats get fee cuts as currencies drop against dollar .Banking sources said that lenders across the country are re-evaluating the fees imposed on various banking services. Such fees, they noted, are typically adjusted — whether upward or downward — in line with operational requirements and broader cost structures.
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