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Frequently Asked Questions

Overdrafts and Salary Advance

A Salary Advance is a temporary advance against salary or pension, where your salary is transferred directly to RAKBANK. This advance is repaid by the following month’s salary credited into the account.

A salary based individual having his or her salary or pension transferred to RAKBANK (Subject to receiving a minimum of three salaries credited to the account).

Amount payable would be subject to credit approval.

Yes, charges will apply as per the current Service & Price guide.