Royal Bank of Scotland early next year will begin charging cardholders in the United Arab Emirates a monthly maintenance fee on its credit cards. In a statement sent to cardholders in the U.A.E., the bank blames market conditions for the establishment of the fee. The bank says it will charge a monthly fee of 10 dirhams (US$3 or 2 euros) beginning on 1 Feb. A spokesperson for Dubai Bank tells PaymentsSource that their cards already carry similar fees. A spokesperson for U.A.E.-based RakBank says the financial institution has no plans to introduce such fees.
Processing Content
