Web Content Viewer

RAKvalue - SME

RAKvalue brings to you two sets of carefully selected benefits – Plus and Max that give you unmatched savings, convenience and privileges. For a nominal monthly recurring fee you can add any one of these two collections to your AED Business Account and enjoy an amazing range of Banking, Insurance and Lifestyle benefits.

 

Banking Benefits Plus Max
International Remittance per month (waiver of RAKBANK charges only) 4 4
Preferential Buying and Selling rate on USD    
Local Non-RAKBANK ATM (UAE) Cash Withdrawals per month   5
Domestic Remittance per month (waiver of RAKBANK charges only)   2
Local Card Payment Remittance per month (waiver of RAKBANK charges only)   2
Manager’s Cheque or Demand Draft issuance per month   1
Free cheque collection from home for RAKBANK Account deposit or towards RAKBANK Credit Card payment every month   1

 

Insurance Benefits* Plus Max
Life Insurance Cover for up to 3 authorised signatories AED 25,000 per signatory AED 25,000 per signatory
Secure Wallet Cover for up to 3 authorised signatories AED 10,000 per signatory AED 10,000 per signatory
Travel Insurance benefit with all-inclusive worldwide cover for up to 3 authorised signatories, their spouse and up to 3 children each    
Motor Insurance discount of AED 100 for up to 4 vehicles under company name**    

** Car value to be greater than or equal to AED 75,000

 

Lifestyle Benefits Plus Max
Complimentary International Motoring Club (IMC) Concierge Services including Roadside Assistance    
RAKvalue Offers    

 

RAKvalue-SME Fee (AED) /month
Plus 120
Max 170

The fees for your selected RAKvalue will be immediately debited from the Account as per the duly signed Debit Authority and recurring fees would be debited/charged on the 25th of every subsequent month as per the duly signed Standing Instructions provided by the Customer to the Bank.

  • Up to 3 authorised signatories of the company can enjoy a worldwide life insurance cover payable upon death due to any cause.
  • Authorised Signatory must be between the ages of 21-65 and a resident of the UAE to be eligible for cover.

Secure Wallet provides worldwide insurance cover up to an aggregate of AED 10,000 for misuse of MasterCard® and Visa, both Debit and Credit Cards issued within UAE if stolen or lost. This cover is available for up to 3 authorised signatories of the company.

Up to 3 authorised signatories, spouse, and a maximum of three children are covered with an all-inclusive annual worldwide travel insurance cover for up to 90 days per trip.

 

Benefits (All Amounts are in USD) RAKvalue – Plus/Max
Death or Permanent Total Disablement or Dismemberment 30,000 per person 2,500 per child
Emergency Medical, legal and referral services 150,000 per person
Repatriation of mortal remains 15,000 per family
Emergency medical expenses 150,000 subject to an excess of 150 per family
Hospital Daily Benefit 150 per day per family
Cancellation and Curtailment of Trip 2,500 per family
Travel Delay 250 per hour per family
Delayed Baggage 250 per hour per family
Loss of Personal Baggage 5,000 per family
Loss of Personal Money 1,500 per family
Loss of Passport 1,000 per family
Personal Liability 1,000,000 per family

For enquiries, customers can contact Union Insurance Company directly on 80084248.

Concierge services and 24 hours roadside assistance, brought to you by IMC.

 

Benefit RAKvalue – Plus and Max                                                                           
Roadside Assistance service (free for up to 4 vehicles registered under individual or company name) is provided within the borders of the Emirate in UAE and Oman
  • Battery Boost Service
  • Emergency Fuel Service
  • Lockout Service
  • Flat Tyre Service
  • Towing Service
  • Mechanical Repair Service
2 services of pick-up or drop for car servicing
  • Free for up to 4 vehicles registered under individual or company name
Vehicle registration pick up and drop service once a year
  • Free for up to 4 vehicles registered under individual or company name
Airport Transfer service
  • Free – 6 Trips within UAE and India
24 hours Rent a Car service
  • Up to 10% discount
Discount on International Driving License service fee
  • 10% discount
Concierge Services also include prices may apply
  • Hotel discounts – worldwide
  • Marhaba service (Meet and Greet Service at Airport)- special rates
  • Courier service
  • Utility purchase assistance – 2 services in a month, including DEWA bill payments, purchase of Salik & mobile recharge cards, movies, concerts and plays ticket bookings
  • Visa submission
  • Virtual secretary
  • Translation services
  • Gym membership

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

  • Name of Company
  • Membership Number(Optional)

Apart from the roadside assistance, all other services require a prior booking. To use these services, call
IMC on 04 - 3876633.

Every month, you will receive a monthly email newsletter with details of the offers that have been specially sourced for you across business related services, Dining, Retail, Entertainment & Wellness to redeem at the outlets. You can print and present your deal voucher at the merchant outlet and redeem the deal.

  • Authorised Signatory must be 21 years or above
  • Companies must have a valid trade license
  • RAKvalue is only offered with an AED Business Account
  • Life and Travel Insurance benefits are offered up to the age of 65 years only and for UAE residents

For queries on RAKvalue, kindly contact us on 04 - 213 00 00.

* Insurance is offered by Union Insurance Company 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.​

Disclaimer: In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

Information & Tools