MyAhmed Fees

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Card Fee

£0

 

Additional Card

£0

One additional card is available. Additional cardholders must be 18-years-old or over. Additional cards share the MyAhmed account holder’s funds.

Replacement Card

£5.00 Lost/ stolen/ damaged replacement card

Free replacement for expired cards.

Monthly Management Fee

£0 per month

First charge is within 15 days of card request.

Card delivery times

Within 10 working days

 

Transactions

UK purchases

£ FREE

 

European & International purchases

£0 plus 0% of the transaction value

Any transaction in a foreign currency will be converted into British Pounds Sterling. We’ll do this at the rate of exchange provided by Visa Europe on the date that they process the transaction. This may differ from the actual transaction date. See more information on exchange rates on the Visa Europe website.

ATM Withdrawals UK*

£0

 

ATM Withdrawal Europe* & ATM Withdrawal International*

Europe: £0 plus 2% of the transaction value International (non-Europe): £0 plus 2% of the transaction value


Any transaction in a foreign currency will be converted into pounds. We’ll do this at the rate of exchange provided by Visa Europe on the date they process the transaction which may differ from the actual transaction date. See more information on exchange rates on the Visa Europe website.

Cashback Instore

Free

You can request up to £50 cashback at participating UK retailers when making a purchase.

Account Fees

Bank transfer

£10,000 (maximum) £10,000 max balance

Add funds to your MyAhmed account by bank transfer from a UK bank account.

PayPoint

£0 + 0%

Maximum amount of £249.

Transfer Fees

Future dated transfer from account

£0

Transfer money to a UK bank account in three working days.

Next-day transfer from account

£0

Transfer money to a UK bank account on the next working day.

Same-day Faster Payment transfer from account

£0

Transfer money to a UK bank account on the same day via Faster Payments.

Same-day transfer from account (CHAPS)

£0

Transfer money to a UK bank account on the same day. Some restrictions may apply.

Other Fees

ATM balance enquiry

£0

Balance enquiries are FREE through your mobile app.

Email Alerts

£0

Optional service for confirmation of statement generation, bank transfers from account and marketing messages.

Statements paper

£1.50

You must request a paper statement by contacting Customer Services.

Statements mobile app

Free

 

Inactivity fee

£0

Applied when there have been no transactions on the account for 90 days.

Standing order setup fee

Free

 

Unpaid Direct Debit fee

£5.00

Applies when a direct debit is declined due to insufficient funds in the account.

Administration Fees

£5.00

Administration fee on instigation when the Cardholder requests a chargeback, transaction revocation, manually rectifying Cardholder errors or investigating shortfalls.

Card cancellation fee

£0

When you cancel the agreement within the first 14 days and a card has already been ordered in your name.

Redemption fee

£2.00

When you request a transfer of funds on closing the account.

Limits

Minimum single pay-in

£10.00

 

Maximum daily ATM withdrawal

£250.00

 

Maximum balance

£10,000.00

 

PayPoint pay-in

£249

 

Expiry

36 months

The card is valid for 36 months.

Notes to fees and limits:

* Some ATM providers may charge an additional fee. They should advise you of this additional charge before you confirm the transaction.

** Standard operator SMS charges apply for balance requests. Additional charges may apply to receive SMS information outside the UK.


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