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RAKvalue - SME

We have crafted a revised package of features taking your business needs into careful consideration, ensuring your business achieves more value that translates into growth.

Listed below is the new set of features we are introducing in the packages to provide your business with a stronger value proposition.
 

RAKvalue SME

PLUS
(AED 49)
Per Month

MAX
(AED 149)
Per Month

Benefits Entitled
Banking Benefits Preferential USD Buy / Sell Rates    
Local Non RAKBANK ATM Cash Withdrawals free per month   5
Domestic Remittance per month through Digital Banking   4
International Remittance per month through Digital Banking 4 4
Lifestyle Benefits 12 RAKvalue Offers (special discounts 5% to 20% from vendors related to SME)    
Takaful Benefits Business takaful from Noor Takaful    
Accountable  One stop solution to leverage business operations Basic  Advanced
Mobile POS Preferential Rates    

 

Accountable by 'Versify Tech Solutions' (FTA compliant VAT solution provider):

Accountable is a simple Digital Accounting Platform that takes care of an SME’s Accounting and Taxation requirements. It gives users access to their business operations, accounting and taxation features in a single and easy to use cloud platform, which is closely integrated with your RAKBANK Business account.
 

Feature Basic     Advanced
Intuitive Accounting    
Connected Banking    
Payroll    
Users Up to 4 users Unlimited
Inventory Management    

 

Business Takaful from Noor Takaful

This benefit will cover your essential business takaful requirements

Feature Plus Max
Workmen’s compensation including employers liability

10 unnamed admin non manual staff members as follows

Workmen’s compensation : As per Labour law

Employers liability: AED 200,000 per person and  AED 1,000,000  in the annual aggregate

20 unnamed admin non manual staff members as follows

Workmen’s compensation : As per Labour law

Employers liability: AED 200,000 per person and  AED 3,000,000 in the annual aggregate

Public Liability 1 million 3 million
Property Cover    
Contents / Decoration /Fixtures /Fittings NA 150,000
IT & Computer Equipment NA 50,000
Loss of Rent NA 100,000
Money  NA 20,000

Pocket Payments (Mobile POS):

Full feature, low cost & portable payment devices for SMEs at preferential price.
(One time set up fee AED 599, Monthly service charges AED 19 and per transaction charges between 1.60% to 2.20%)
 

Banking Benefits

  • Manager Cheque /Demand Draft 
  • Local Card Payment Remittance 

Lifestyle Benefits

  • 1 Cheque Collection from home for card payment
  • SME IMC Roadside assistance Package Benefits (Includes Concierge services)

Takaful Benefits

  • Secure Wallet 
  • Life Takaful
  • Travel Takaful 
  • Auto Takaful discount