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RAKBANK Current Account

RAKBANK Bank Account

RAKBANK

Min. Salary

AED

Min. Balance

3000 AED

Non Maintenance Fee

25 AED

Currencies

AED, GBP, USD, EUR

Features

Conventional Banking
Free Cheque Book
Free Debit Card
Internet Banking
Mobile Banking
Multiple Currencies
No Salary Transfer

RAKBANK Current account is a non-interest-bearing account with free debit card and cheque book facilities. The account holders can have access to other financial products of the bank including credit cards.

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Benefits

  • A free debit card that can be used at all RAKBank ATMs and UAE SWITCH ATMs.
  • A free cheque book of 25 leaves for individual accounts.
  • The account can be opened in multiple currencies including AED, US Dollars, Pound Sterling, and Euro.
  • Monthly and quarterly statements on demand.
  • Makes you eligible to apply for RAKBANK credit cards, loans, overdrafts, and cash secured facilities.

Fees & Charges

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

Interest Rates

  • Not Applicable

Documents Required

  • Duly filled and signed current account application form.
  • Copy of passport and resident visa.
  • Salary transfer letter in case of opening the account for salary transfer purpose.

Eligibility

  • Individuals above 21 years of age.
  • Must be a resident of UAE.
  • Minimum balance requirement of AED 3000

Addition Information

  • Can also be opened in other currencies on special request.
  • Non-individual account holders can avail of a personalized cheque book at a nominal fee of AED 25
  • Account statements can be issued on a monthly or quarterly basis as per customers’ requirement
  • A ledger fee of AED 25 per month will be charged if the monthly balance falls below the minimum average of AED 3,000
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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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