Business Current Account RAKBANK
Minimum Balance
AED 25,000
Islamic
Monthly Fee
AED 50
RAKBANK’s Business Banking Current Account gives you easy access to your money, all the time. A low minimum balance, and a choice of local and international currencies, makes it an attractive option for our business customers.
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Features
- Dedicated Relationship Manager.
- Earn attractive interest on our Business Current Account.
- Accounts denominated in Dirham, US Dollar, Pound Sterling or Euro.
- Monthly current account statements detailing all transactions.
- Access to our array of business financing products.
- Unlimited Cheque book facility.
- Attractive Foreign Exchange and Trade Finance rates.
- Competitive rate of interest on Fixed Deposits.
- 24 hour Phone banking service.
Eligibility
- Authorized Signatory must be 21 years or above.
- Companies must have a valid trade license.
- Life and Travel Insurance benefits are offered up to the age of 65 years only.
Documents required
- Trade License.
- Memorandum of Association.
- Address Proof of Company and Shareholder.
- Passport Copy of all shareholders.
- Visa and Emirates ID of primary Signatory.
- Bank statement of company (if existing) or shareholder (if new company).
- At least one Invoice of each Buyers & Suppliers.