RAKBANK Emirates Skywards Savings Account

RAKBANK Bank Account

RAKBANK

Min. Salary

AED

Min. Balance

500000 AED

Interest Rate

0%

Non Maintenance Fee

0 AED

Features

Conventional Banking

Dedicated Relationship Manager

Free Debit Card

Internet Banking

Joint Account Possible

Mobile Banking

The RAKBANK Emirates Skywards Savings Account is an account where you can earn Emirates Skywards miles.

Benefits

Spend using the Emirates Skywards World Elite Mastercard Credit card and earn Skywards Miles.
This account is available in AED.
A minimum balance of AED 500,000 and AED 5,500 spend on Emirates flights using the credit card is needed for earning miles.
Earn Emirates Gold tier membership quickly.
Dedicated Relationship Manager
Exclusive Service Centres
Preferential Exchange Rates
Golf Course Access
Valet Services
A chance to win 1 million Skywards miles.

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

No interest is provided for the balance.

Documents Required

Duly filled and signed Application form
Copy of valid passport and valid residence visa (Minimum 2 months validity required for UAE Resident Visas), if applicable.

Eligibility

Only those having a RAKBANK Emirates Skywards World Elite Master Credit Card can avail of this account.
Available only for individuals

Addition Information

You get RAKBANK Elite exclusive benefits when you opt for this account.
On account balances, the bank will place a hold of AED 5,000 at all times. If the customer does not maintain an average quarterly balance of 500,000 and the customer holds the gold tier through this account, the bank will recover a benefit-cost of AED 1,250 every quarter.