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Account Funding and Withdrawals

What fees will I be charged if I deposit?

baraka does not charge any fees when you deposit money. However, depending on which deposit method you use, there are fees charged by third parties (i.e., your bank or our payment service provider).

  • For debit card, Apple Pay, and Google Pay ("Instant Funding"), the fees charged by Checkout.com (gateway fees) are as follows:
    • For Visa and MasterCard transactions with cards issued in the UAE, the processing fee can be as low as 0.50% for transactions above AED 1,050. For lower amounts, the fee typically ranges between 0.70% and 1.65%.
    • For cards issued outside the UAE, a flat fee of 2.45% applies.
  • For international transfers, please contact your bank for more information on the applicable fees. In most cases, fees range from 15 to 35 USD per transaction.