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RAKvalue - Cash Management Services
In today’s fast-paced business world, it’s vital that you manage your payables and receivables efficiently. That’s why we created RAKvalue SME Cash Management Services. Now you can focus on growing your business without worrying about payables and receivables.
You can enjoy exceptional savings with a wide range of banking benefits such as free remittances as well as preferential exchange rates.
For a nominal monthly recurring fee, you can select any of the three packages to cater your business.
Our packages are Cash, Cash Plus and Cash Max.
Overview of Benefits:
| Banking Benefits | Cash | Cash Plus | Cash Max |
|---|---|---|---|
| Preferential Buying and Selling rate on USD | 3.668/ 3.677* |
3.669/ 3.676* |
3.671/ 3.675* |
| Local Non-RAKBANK ATM (UAE) Cash Withdrawals per month | 5 | 5 | 5 |
| Free domestic Remittance per month through Digital Banking | 5 | Unlimited | Unlimited |
| Free International Remittance per month through Digital Banking** | 6 | 8 | Unlimited |
*Preferential USD Buy/Sell rates will be applicable after 2 Business days of package activation
**Waiver for RAKBANK charges only.
| Cash Management Services | Cash | Cash Plus | Cash Max |
|---|---|---|---|
| Cheque scanning (1 scanner) | |||
| Cheque pick-up service - From one location (weekly) | 3 | 5 | 5 |
| Cash pick-up service from one location (monthly) | 12 | ||
| Cheque Book (with company logo) | |||
| Free WPS services through Digital Banking (unlimited) |
RAKvalue SME Cash Management benefits include:
Cash Pick-up Service
- Scheduled Cash pick-up service through armoured vehicle from your premises
- Coverage across the UAE
- Service available 7 days a week
Smart Cash Deposit Machine*
- Cash Deposit Machine installed at your business premises
- Multiple notes capacity options
- Same day credit to Customers account
*Not part of the package. Available on standalone basis.
Cheque Scanning
- Cheque scanning facility at your office premises
- Same day credit
- Allows you to scan cheques from your office 24/7
- Bulk as well as single cheque deposit facility, comes along with cheque pick up service through courier
Cheque Pick-up Service at your premise
- Scheduled Cheque pick-up service through courier from your business location
How to apply?
If you wish to avail the RAKValue SME - Cash Management Services simply input your details and click on "Apply now" on the form, or contact your Relationship Manager or write to us at businessbanking@rakbank.ae
Click here to know more about standalone Cash Management service
SMS ' CMS' to 7011
*Terms & Conditions apply
