Web Content Viewer

Frequently Asked Questions

RAKmore

RAKmore account is a salary transfer account which offers range of banking benefits to make banking easier, faster and more convenient for customers who transfer their salary to RAKBANK.

  • Current account with no minimum balance requirement
  • One cheque book free / month
  • Free for life Credit Card based on eligibility 
  • Unlimited free domestic remittances through digital banking 
  • One free international remittance* through digital banking

* Waiver will apply for RAKBANK charges, and corresponding bank charges will still be applicable for all remittances performed by the customers with the STL benefit.

​Customer can visit any branch to open the RAKmore account. 

Customers should have a salary greater than AED 5K to be able to open a RAKmore account. 

Standard account opening documents along with proof of salary.

No initial deposit required to open a RAKmore account.

No

The customer will be charged upfront for his remittances and cheque book and same will be reversed at the end of the month. The reversed amount can be seen in the monthly statement under the heading “Payroll / Salary Transfer Benefits”.

Customers becomes eligible for RAKelite benefits if he opens a RAKmore account with a salary of AED 50K and above.

  • Salary Certificate
  • Salary Transfer Letter
  • Pay Slip
  • Labour Contract / MOL print out
  • Offer Letter ( for employees under probation)

 

Yes, a regular current account can be converted to a salary transfer account .