Business Banking Current Account
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.
Features and Benefits of our Business Current Account
- 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
Local and International Currencies:
Currency | Minimum Average Monthly Balance |
---|---|
AED | 25,000 |
USD | 10,000 |
EUR | 10,000 |
GBP | 10,000 |
Interest applicable effective 1st April 2020:
Account Balance slab (AED) | |||
---|---|---|---|
From | To | Interest rate | |
1,000,000 | 4,999,999.99 | 0.10% | |
5,000,000 | 14,999,999.99 | 0.15% | |
15,000,000 | And above | 0.25%* |
Interest applicable effective 1st April 2020:
Account Balance slab (USD) | |||
---|---|---|---|
From | To | Interest rate | |
500,000 | 4,999,999.99 | 0.10% | |
5,000,000 | 9,999,999.99 | 0.15% | |
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.
Interest Charges on other Currencies
Interest charges applicable for Japanese Yen, Euro and Swiss Franc as below:
Currency | Interest (% p.a.) |
---|---|
GBP | NIL |
JPY | -0.60 |
EURO | -1.00 |
CHF | -2.00 |
Account Opening at Etisalat Hello Business Hub
You can also open a Business Account at the Etisalat Hello Business Hub, located in OneJLT between 8am to 4pm from Sunday to Thursday.