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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.

  • 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.

  • 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
Contact Us
 SMS ' Business' to 7011
 042130000

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