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Current Account

Based on the Sharia concept of Qard Hassan, the Current Account that helps you manage all your day-to-day banking needs with ease, thanks to the award-winning service from RAKBANK.



With the Current Account, you can manage your payments with ease with a Cheque book (AED Accounts only). You can open your Current Account in multiple currencies namely AED, USD, GBP and EUR. You will also get Monthly Statements / E-Statements.


Easy to maintain minimum balance

The low minimum average balance of AED 3,000 or USD / GBP / EUR 5,000 makes opening and maintaining your Current Account easy and convenient.


Currency Minimum Average Monthly Balance Fee
AED 3,000 25 AED
USD 5,000 25 USD
EUR 5,000 25 EUR
GBP 5,000 25 GBP

Note: Above rates effective 1st May, 2011.


Currency Minimum Average Monthly Balance Fee
AED 20,000 100 AED
USD 10,000 25 USD
EUR 10,000 25 EUR
GBP 10,000 25 GBP

Our free online, SMS, phone and mobile banking services give you simple and secure banking on the go:

  • Click and Easy banking with Online Banking (register now at www.rakbank.ae)
  • RAKdirect Number 600 54 0044
  • SMS alerts through your mobile phone
  • Mobile banking

Opening a new account is convenient and hassle-free.

  • Fill and submit the Current Account application form online.
  • You will receive a confirmation SMS.
  • Once you receive the SMS, activate your account by visiting the branch with your original passport, visa, Emirates ID and initial deposit amount (minimum deposit is AED 3,000).

Get your Current Account today. Apply now online or visit your nearest RAKBANK branch.

Please note: Accounts not activated within 30 days of receiving the SMS will be closed without further notice.

Terms and conditions apply.

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

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