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Emirates NBD Special Current Account

Emirates NBD

Emirates NBD

Min. Salary

AED

Min. Balance

3000 AED

Non Maintenance Fee

25 AED

Currencies

AED, USD

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies

The Emirates NBD Special Current Account is a salary transfer account that allows the customers to earn interest in multiple currencies. The account is offered to select employees of payroll relationships.

Apply Now

Benefits

  • Free debit card with chip and pin technology and a free cheque book
  • The account can be opened in AED and USD
  • Earn interest per annum
  • Rates calculated on daily closing balance
  • With the free DirectRemit feature, transfer funds in 60 seconds to India, Pakistan, Srilanka, Philippines and the UK for free through online or mobile banking.
  • The ‘mePay’ feature enables easy transfer of funds with the receivers’ mobile number
  • Special offers across lifestyle categories including dining, travel, wellness, entertainment, and shopping
  • 0% installments for a tenure of 6 to 12 months at select clinics, hospitals, and travel brands

Fees & Charges

  • Account Closure (Within one year)= AED 100
  • Non-Emirates NBD Bank ATM Transactions in UAE – Cash Withdrawal = AED 2 per transaction
  • Non- Emirates NBD Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 per transaction
  • Fee for using the ATM outside UAE and GCC = AED 20

Interest Rates

  • Interest Rate = 0.10%

Documents Required

UAE Nationals:

  1. Identification – Original Emirates ID for sighting, verified copy of Emirates ID and copy of passport for records
  2. In case of a Salary Transfer Account, one of the following documents to be obtained:
  • Copy of Labor Card
  • Copy of Employee ID
  • Latest Salary Letter
  • Copy of employment visa page from the Passport

Residents:

  1. Identification- Original Emirates ID for sighting, verified copy of Emirates ID and copy of passport for records
  2. In case of salary transfer account, any one of the following document to be obtained:
  • Valid Salary Transfer Letter (i.e. 30 days from date of issue for non government companies. For government company validity as mentioned in the letter.)
  • Copy of Appointment Letter / Contract Copy
  • Copy of Pay slip ( < 3 month old)
  • Consolidated letter from HR for bulk accounts. (Check and ensure amount of salary for each employee mentioned in the said letter)
  • Statement reflecting credit of previous months salary

Non Residents:

  • Passport (Original for sighting and photocopy for records), copy of valid visit visa and one of the following documents to be obtained:
  • Utility Bill (Not more than 3 months old)
  • Bank Statements (not more than 3 months old, copies of bank statements printed from the Internet is acceptable)
  • Reference letter from bankers in home country confirming the length and nature of the relationship (minimum 12 months) and the residential address of the customer as per the bank records

Non-individuals

  • Commercial/Federal registration certificates (wherever applicable)
  • Certificate of commencement of business (for Joint Stock Companies)
  • Not applicable for company under formation
  • Power of Attorney, if applicable
  • Passport copies of the authorized signatories
  • BOD resolution specifying the titles/designations of officials authorized to open/operate the account and the extent of their authority and the manner to operate the account
  • Memorandum and Articles of Association to ascertain the period of company
  • For public shareholding companies – a list of names and addresses of shareholders where share holdings exceed 5% shall also be submitted

Additional documents may be required as per Bank policy

Eligibility

  • Available to UAE national, Residents and Non Residents
  • Individual and non-individual

Addition Information

  • The ‘Cardless Withdrawal’ facility allows customers to withdraw funds at over 600 ATMs without the card.
  • The ‘Tap and Pay’ feature allows contactless payments with your phone.
  • Based on the minimum balance and salary transfer different accounts including Classic, Plus, Plus Maximizer, and Beyond will be allotted.
  • Minimum salary requirement – Classic – AED 3,000; Plus and Plus Maximizer – AED 5,000; Beyond- AED 15,000.
  • Maintaining minimum balance is mandatory for Classic and Plus Accounts. AED 25 will be charged for non-maintenance.
  • No minimum balance required for both Plus Maximizer and Beyond Current Accounts.
  • Up to 10 free ATM transactions per month based on account type. AED 10 per transaction will be charged thereafter.
  • Beyond account holders will get a free cheque book and 5 free international ATM transactions every year.
  • Free entertainments booklet worth AED 30,000 and AED 50,000 for Plus and Beyond customers respectively
Apply Now

Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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