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Current Account

RAKBANK’s 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.

Features and Benefits

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
Free Online Banking and Mobile Banking
24 hour Phone banking services

Currency	Minimum Average Monthly Balance
AED	25,000
USD	10,000
EUR	10,000
GBP	10,000

*Only Dirham account can be opened through Click & Collect service

Interest applicable effective 1st May 2018:

Account Balance slab (AED)
From	To	Interest rate
250,000	999,999.99	0.25%
1,000,000	4,999,999.99	0.35%
5,000,000	14,999,999.99	0.50%
15,000,000	And above	0.50%*

Account Balance slab (USD)
From	To	Interest rate
250,000	499,999.99	0.25%
500,000	4,999,999.99	0.50%
5,000,000	9,999,999.99	0.40%
10,000,000	And above	0.25%*

*Differential interest calculation method, Interest rate is subject to change as per bank's discretion

Note: If you do not wish to earn interest on your existing Business Current Account, please feel free to write to us at businessbanking@rakbank.ae from your registered email id.

Apply for a Current Account through Click and Collect

Fill and submit the application form online & upload the documents
You will receive a confirmation e-mail
Once you receive the confirmation e-mail, our representative will get in touch within 48 hours to complete the account opening formalities
Your Debit Card & cheque book ( as applicable) will be sent to you by courier