Bonus Multiplier Rules

1) Upgrade to Bonus Multiplier Account

Calculations for eligibility will be considered on 1st calendar day of every month.

2) Fee waivers

Customers need to maintain a Monthly Average Balance of AED 30,000 or transfer a salary of AED 10,000 in the month to be eligible for benefit reversals in the month

Fee waivers for the below products will be applicable through cashback. Cashbacks are credited to the Primary Account.

- World Credit Card (for the first year)

- Local Transfers

- DirectRemit transactions

- Global ATM withdrawals

Effective October 1st

-ATM withdrawals are capped at AED 200 per month
-Local Transfer reversals are capped at AED 50 per month
-Fx transfer reversals are capped at AED 50 per month

3) Interest

-Interest will be earned on the Primary Account balance and capped at AED 2000.

This will be credited to the Primary Account monthly.

-Customers need to maintain a Monthly Average Balance of AED 30,000 or transfer a salary of AED 10,000 in the month to be eligible for the interest payout in the month.

For more details on interest breakdown, please visit www.liv.me/banking/interest-rate

4) Downgrade from Bonus Multiplier Account

Once a customer is upgraded, eligibility requirements must be met to continue receiving benefits. If a customer is unable to meet the minimum balance OR salary requirements, there will be 90 calendar days provided to the customer to fulfill the requirements again.

After completion of the 90-day period, if customer has still not met the requirements, they will be downgraded to a regular Savings/Current Account

5) Re-apply for upgrade

Once downgraded, customers can be eligible for the upgrade by meeting the minimum balance OR salary transfer requirements. Instant balance deposits or salary transfers will not reflect a segment update immediately. Customer segment updates are reflected once a month.