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RAKvalue - Accounts
RAKvalue - Accounts brings to you 3 sets of carefully selected benefits that give you unmatched savings, convenience and privileges. For a nominal recurring fee you can add any one of these 3 collections to your AED Current, Savings or Jood Savings Account. Choose any one of these 3 collections and get ready to enjoy an amazing range of Banking, Takaful and Lifestyle benefits:
| Banking Benefits | Extra | Superior | Ultimate | |
|---|---|---|---|---|
| 1 Cheque Book (25 Leaves) per month (available only to AED Current Account) | ||||
| Cash Withdrawals every month from any non-RAKBANK ATM (located in the UAE) | 3 | 4 | 5 | |
| 2 Internal Standing Orders per month | ||||
| 1 International Remittance through SWIFT per month (waiver of RAKBANK charges only) | ||||
| 1 Domestic Remittance per month (waiver of RAKBANK charges only) | ||||
| 1 Local Card Payment Remittance per month (waiver of RAKBANK charges only) | ||||
| 1 Manager’s Cheque/ Demand Draft per month | ||||
| 1 Duplicate Statement per month (up to previous 6 months) | ||||
| 1 Cheque Collection from Home for Card Payment or Account Credit every month | ||||
| No Minimum Balance required |
Money transfer using RAKMoneyTransfer is not covered under RAKvalue benefits and will be chargeable in line with the Banks Service & Price guide.
| Insurance Benefits* | Extra | Superior | Ultimate |
|---|---|---|---|
| Motor Takaful Discount of AED 100** | |||
| Life Takaful Cover (AED) | 15,000 | 25,000 | 50,000 |
| Secure Wallet cover (up to AED 10,000) | |||
| Travel Takaful Benefit With Worldwide Cover For You and Your Family |
** Car value to be greater than or equal to AED 75,000
| Lifestyle Benefits | Extra | Superior | Ultimate |
|---|---|---|---|
| Complimentary International Motoring Company (IMC) Roadside Assistance and Concierge Services* | IMC “Silver” Package | IMC “Gold” Package | IMC “Platinum” Package |
| RAKvalue Offers |
| RAKvalue | Fee(AED)/Month |
|---|---|
| Extra | 50 |
| Superior | 80 |
| Ultimate | 120 |
Life Insurance*:
- The primary account holder can enjoy a worldwide life takaful cover payable upon death due to any cause.
- Customers must be between the ages of 21-65 (64 at the time of RAKvalue enrollment) to be eligible for cover.
Secure Wallet*:
- Secure Wallet provides worldwide takaful cover for up to an aggregate of AED 10,000 for misuse of MasterCard® Visa, both Debit and Credit Cards issued in the UAE if stolen or lost.
Travel Takaful*:
- The primary account holder, spouse, and up to three children are covered with an all-inclusive annual worldwide takaful cover for up to 90 days per trip (per policy year).
Please find below the details of the Travel Takaful cover:
| Benefits(All Covers are in USD) | Extra | Superior | Ultimate |
|---|---|---|---|
| Death or Permanent Total Disability or dismemberment | 10,000 per person 2,500 per child | 20,000 per person 2,500 per child | 30,000 per person 2,500 per child |
| Emergency medical, legal and referral services | 50,000 per person | 100,000 per person | 150,000 per person |
| Repatriation of mortal remains | 15,000 per family | 15,000 per family | 15,000 per family |
| Emergency medical expenses | 75,000 per family | 100,000 per family | 150,000 per family |
| Cancellation and Curtailment of Trip | 500 per family | 1,000 per family | 2,500 per family |
| Travel Delay | 50 per hour per family | 100 per hour per family | 250 per hour per family |
| Delayed Baggage | 50 per hour per family | 100 per hour per family | 250 per hour per family |
| Loss of Personal Baggage | 1,250 per family | 2,500 per family | 5,000 per family |
| Loss of Personal Money | 500 per family | 1,000 per family | 1,500 per family |
| Loss of Passport | 250 per family | 500 per family | 1,000 per family |
| Personal Liability | 250,000 per family | 500,000 per family | 1,000,000 per family |
For enquiries, customers can contact NOOR TAKAFUL Family PJSC directly on 600 505057.
IMC Roadside Assistance and Concierge Services:
- IMC offers customers 24-hour roadside assistance and concierge services.
Apart from roadside assistance, all other services require prior booking. To use these services, call IMC on 04-3876633.
| Benefit | Extra | Superior | Ultimate | |
|---|---|---|---|---|
|
IMC Roadside Assistance |
|
|
|
|
|
Car Registration Pick-up & Drop-off Service Once a Year |
N/A |
YES |
YES |
|
|
2 Services of Pick-up or Drop-off for Car Servicing |
N/A |
N/A |
YES |
|
|
Airport Pick-up/Drop-off Service Twice a Year |
N/A |
N/A |
YES |
|
|
Coverage for Roadside Assistance |
UAE only |
UAE & Oman |
UAE & Oman |
|
|
Rent-a-Car Service Assistance |
N/A |
N/A |
YES |
|
|
Discount on International Driving License Service Fee |
N/A |
AED 5 |
AED 20 |
|
|
Concierge Services (Prices may apply) |
|
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RAKvalue Offers
Every month, you will receive a monthly email newsletter with details of the offers that have been specially sourced for you across dining, retail, entertainment and wellness to redeem at the outlets. You can print and present your deal voucher at the merchant outlet and redeem the deal.
Eligibility Criteria for RAKvalue - Accounts:
- Customer must be 21 years or above
- Customer must be a resident of the UAE
- RAKvalue is only offered with an AED Current Account
For queries on RAKvalue, kindly contact us on 04 - 213 00 00.
*Takaful is offered by Noor Takaful Family PJSC for RAKBANK Customers and is subject to their approval. Terms and Conditions of the Takaful policy shall apply. This is for your information only and RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Takaful being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the customer taking the Takaful.
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.
