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RAKvalue - Accounts

RAKvalue 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 Account. Choose any one of these 3 collections ( Extra, Superior or Ultimate) and get ready to enjoy an amazing range of Banking, Insurance and Lifestyle benefits:

 

Banking Benefits Extra Superior Ultimate
1 Cheque Book (25 Leaves) per month      
Prepaid Card      
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 Insurance Discount of AED 100**      
Life Insurance Cover (AED) 15,000 25,000 50,000
Secure Wallet cover (up to AED 10,000)      
Travel Insurance 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 Derby Roadside Assistance and Concierge Services* DAA “Silver” Package DAA “Gold” Package DAA “Platinum” Package
RAKvalue Offers      
RAKvalue Fee(AED)/Month
Extra 50
Superior 80
Ultimate 120
  • The primary account holder can enjoy a worldwide life insurance cover payable upon death due to any cause.
  • Customers must be between the ages of 18-65 (64 at the time of RAKvalue enrollment) to be eligible for cover.
  • Secure Wallet provides worldwide insurance 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 insurance cover for up to 90 days per trip (per policy year).

Please find below the details of the Travel Insurance 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 RAK Insurance directly on 07 2028801.

  • Derby offers customers 24-hour roadside assistance and concierge services.

To avail services, customers can call Derby and identify themselves as RAKBANK RAKvalue customers by providing the following:

  • Name
  • Date of birth
  • P.O Box
  • Membership Number (Optional)

Apart from the roadside assistance, all other services require a prior booking.

To use these services, call Derby on 04 - 7047180.

 

Benefit Extra Superior Ultimate

Derby Roadside Assistance (Complimentary)

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

Car Registration pick up and drop service once a year

     

2 services of pick-up or drop off for Car Servicing

     

Airport Pick up/Drop off service Twice a year

     

Coverage for Roadside assistance

  • UAE only
  • UAE & Oman
  • UAE & Oman

24 hours Rent a Car in case of accident

     

Discount on International Driving License service fee

 
  • 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)
  • 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.

* Insurance is offered by RAK Insurance for RAKBANK customers and is subject to their approval. Terms and Conditions of the Insurance 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 Insurance 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 Insurance.

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