Web Content Viewer

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
  • 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 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.
  • 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 Dubai Islamic Insurance & Reinsurance Company (AMAN) PSC directly on 04 3787507.

  • 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

  • Silver IMC Package
  • Battery Boosting
  • Emergency Fuel Supply
  • Lockout Service
  • Flat Tyre Service
  • Towing Service
  • Mechanical Repair Service
  • Gold IMC Package
  • Battery Boosting
  • Emergency Fuel Supply
  • Lockout Service
  • Flat Tyre Service
  • Towing Service
  • Mechanical Repair Service
  • Platinum IMC Package
  • Battery Boosting
  • Emergency Fuel Supply
  • Lockout Service
  • Flat Tyre Service
  • Towing Service
  • Mechanical Repair Service

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)

  • Visa Submission at Airport
  • Special Courier Rates
  • Marhaba Services
  • Occasion Reminders
  • Utility purchases
  • Handyman Service
  • Movers and Packers
  • Maid Visa/Driver Service
  • Restaurant / Hotel Reservation
  • Document management Services
  • Tickets for Movies, concerts and plays(delivery)

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.

  • 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 Dubai Islamic Insurance & Reinsurance Company (AMAN) PSC ​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.

*Note: Verification Image text is case sensitive

Information & Tools

Other RAKBANK RAKvalue