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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 2019:

Account Balance slab (AED)
From	To	Interest rate
500,000	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%*

Interest applicable effective 1st May 2018:

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.

Earn an additional 1% as Bonus (p.a) over and above your existing interest rate from 1st April 2019.

How to earn additional 1% Bonus?

Maintain an average balance=> AED 500,000 at account level in respective quarter
Additionally increase your quarterly average balance by minimum AED 100,000 at account level from the previous quarter

Bonus campaign is valid till 31st December 2019 so increase your balance and earn more.

Terms & Conditions

1% (p.a) Bonus will be paid on incremental quarterly average balance from the previous quarter
Bonus payout will be on quarterly basis and will be paid only on Business Current Account and RAKfinance Current Account (Conventional AED account only) which was opened prior to the preceding quarter
This offer is not applicable on Islamic accounts