• Dubai, United Arab Emirates

Description

RAKBANK’s Current Bank Account with a low minimum balance, and a choice of local and international currencies, makes it an attractive option.

Main Benefit: Multiple currency options available, Free online and phone banking services

Points to Consider: There is a minimum balance requirement

Features

Minimum Balance Requirement: AED 3,000

Interest Rate: 0%

Dedicated Relationship Manager: No

Monthly Fees: AED 0

Sharia Compliant: No

Salary Transfer Required: Not Compulsory

Currencies Account Available: AED USD GBP EUR

Other Features:

  • Free Debit Card
  • Free Cheque Book (AED Account Only)
  • Monthly fees of AED 25 apply if average account balance is less than AED 3,000
  • Available for Company account as well

Documents Required

  • Valid Passport, Resident Visa.
  • Emirates ID Copy.

Additional Info

All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

Terms and conditions apply.

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