MCB Schedule of Charges July to December 2026: IBFT, ATM, Cheque Book and SMS Fees (Full List)

MCB's schedule of bank charges for July to December 2026 makes IBFT free up to Rs 25,000 a month per account, then charges Rs 200 or 0.1% of the amount, whichever is lower. Raast transfers are free, cash from another bank's 1LINK ATM costs Rs 35, and branch SMS alerts cost Rs 250 a month on most accounts. A cheque book costs Rs 20 or Rs 32 a leaf, depending on the account.

We read MCB's full schedule, the English PDF for July to December 2026 on its website, on 28 October 2026. Here are the fees that ordinary account holders meet: transfers, ATMs, cards, cheques, statements and SMS alerts. We also cover the slab charges for sending cash to a CNIC from MCB Live.

MCB transfers to other banks are free up to Rs 25,000 a month

MCB charges nothing for IBFT until your account sends more than Rs 25,000 in a month. After that, each transfer costs Rs 200 or 0.1% of the amount, whichever is lower, tax included. There is no cap on the number of transfers. Raast transfers are free.

The same rule appears in three places in the schedule: for branch transfers, for debit card and ATM transfers, and for MCB Live, the bank's app. The free limit is counted "per account or per wallet", so two MCB accounts each get their own Rs 25,000.

In practice, a Rs 100,000 transfer after the free limit costs Rs 100, and anything above Rs 200,000 hits the Rs 200 cap. Our sums follow the bank's own rule. Raast avoids the charge completely, and the rules are much the same across banks under the Rs 25,000 free IBFT limit.

MCB Live to CNIC transfers cost Rs 45 to Rs 490

Sending cash from MCB Live to a CNIC, for the receiver to collect at any MCB branch, costs Rs 45 for up to Rs 1,000 and Rs 490 for Rs 20,001 to Rs 25,000. The limit is Rs 25,000 a month, counted separately for the sender and the receiver.

That is expensive next to a free bank transfer. Rs 25,000 sent to a CNIC costs Rs 490, about 2%. If the person has any bank account or wallet, a Raast transfer costs nothing. Use the CNIC option only when the receiver has no account at all. The app steps are in the MCB Live registration walkthrough.

MCB charges Rs 35 for cash at another bank's ATM

An MCB card withdrawing cash at another bank's 1LINK ATM pays Rs 35 a time, tax included. A balance check there costs Rs 4.67. Using the card at an ATM abroad costs 4.5% of the amount or Rs 100, whichever is higher.

The yearly card fee comes on top. MCB's PayPak Classic card costs Rs 2,200 to issue, renew or replace, and PayPak Gold Rs 2,500. The Fun Club debit card for children costs Rs 1,000. MCB Visa debit cards start at Rs 3,300 a year. The Visa Signature card costs Rs 12,000 a quarter unless you keep Rs 2 million in a current account or Rs 5 million in total deposits.

The Visa debit card table in the PDF has old and new figures printed over each other, so we could not match every Visa tier to its fee. Check your own card's fee on the key fact statement before renewal. Activating the card is covered in the MCB ATM card activation steps.

MCB cheque books cost Rs 20 or Rs 32 a leaf

MCB's general schedule charges Rs 20 a leaf for a current account cheque book and Rs 32 a leaf for a savings account, as listed. A duplicate statement costs Rs 35, stopping a cheque costs Rs 700, and closing an account is free.

Many MCB accounts override this table. The schedule lists a free cheque book, often one a month, on accounts such as Nayab, Young, Pensioners, Senior Citizens and Freelancer. On a 25 leaf book at Rs 32 a leaf, the general charge is Rs 800, so it is worth checking which account type you hold. That figure is our arithmetic.

MCB SMS alerts cost Rs 250 a month for branch transactions

SMS alerts for digital transactions are free at MCB, including MCB Live, ATM and branchless use. Alerts for over the counter transactions cost Rs 250 a month on most accounts and Rs 135 on an Asaan account.

At Rs 250 a month, that is Rs 3,000 a year, plus tax where it applies. Several MCB accounts list SMS alerts as free in their own sections, so the charge depends on your product. Here is how to check whether you are paying it and whether you need it.

1. Open MCB Live and look at your last two months of transactions.
2. Look for a monthly SMS alert deduction of Rs 250 or Rs 135.
3. Find your account type in MCB's schedule and see whether it waives SMS alerts.
4. If you bank mostly through the app, ask MCB which alert setting stops the counter SMS charge.
5. Check the next month's statement to confirm the deduction has stopped.

The same logic, small monthly fees that add up, applies to most banks. More of it is set out under what your bank charges you.

Common questions

What are MCB IBFT charges in 2026?

Free up to Rs 25,000 a month per account. Above that, Rs 200 or 0.1% of the amount, whichever is lower, tax included. Raast transfers are free.

How much does MCB charge at another bank's ATM?

Rs 35 for each cash withdrawal at a 1LINK ATM of another bank, and Rs 4.67 for a balance inquiry there.

What is the MCB cheque book charge?

Rs 20 a leaf for a current account and Rs 32 a leaf for a savings account in the general schedule. Many MCB account types give free cheque books instead.

Does MCB charge for closing an account?

No. The July to December 2026 schedule lists account closing as free, for both rupee and foreign currency accounts.

How much does MCB Live charge to send money to a CNIC?

From Rs 45 for up to Rs 1,000 to Rs 490 for Rs 20,001 to Rs 25,000. The monthly limit is Rs 25,000.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read MCB's schedule of charges page and the July to December 2026 English schedule on 28 October 2026. We checked tables that came out jumbled against the PDF's raw text. The Visa debit card fees by tier could not be matched with confidence, so we give only the starting fee. The rupee examples are our arithmetic, and taxes apply on top unless a row says the fee includes them.