RAKBANK Emirates Skywards Savings Account

By opening a RAKBANK Emirates Skywards Savings Account with a minimum balance of AED 500,000 and spending AED 5,500 on Emirates flights using your RAKBANK Emirates Skywards World Elite Mastercard Credit Card.

• Customers will need to open this Account with fresh funds.
• Customer must hold the below to avail this account:
• RAKBANK Emirates Skywards World Elite MasterCard Credit Card
• Emirates Skywards Loyalty Program Membership
• For Joint Accounts opened, the tier benefits will be available for the eligible primary account holder only. Also in such cases, accrued miles, if any, will be credited in favor of the primary account holder.
• Gold tier renewal at the annual anniversary is subject to RAKBANK Emirates Skywards World Elite MasterCard Credit Card being active and AED 500,000 as account balance.
• AED 5,000 will be placed on hold at all times on account balances, If customer does not maintain average quarterly balances of AED 500,000 and if Emirates Skywards Gold Tier is held by customer through this account, bank will recover quarterly benefit cost of AED 1,250.
• A Debit card is required for accessing Digital Banking facilities.

You are required to:

• Review all other terms & conditions set out in the application form in detail;
• Regularly check our website (www.rakbank.ae) for updates;
• Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and
• Always safeguard sensitive banking details such as a/c number, cheque book, Debit Card, login ID, passwords, pin number etc.