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RAK Bank Current Account

RAK Bank Current Account
Minimum Balance AED

3,000

Currency

AED, USD &
2 more

Annual Return

0%

Features

Multiple Currencies, Free Cheque book &
2 more

Description

RAKBANK’s Current Bank Account with a low minimum balance, and a choice of local and international currencies, makes it an attractive option.

Main Benefit: Multiple currency options available, Free online and phone banking services

Points to Consider: There is a minimum balance requirement

Features

Minimum Balance Requirement: AED 3,000

Interest Rate: 0%

Dedicated Relationship Manager: No

Monthly Fees: AED 0

Sharia Compliant: No

Salary Transfer Required: Not Compulsory

Currencies Account Available: AED USD GBP EUR

Other Features:

  • Free Debit Card
  • Free Cheque Book (AED Account Only)
  • Monthly fees of AED 25 apply if average account balance is less than AED 3,000
  • Available for Company account as well
Documents Required
  • Valid Passport, Resident Visa.
  • Emirates ID Copy.

 

Additional Info:

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • 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.
  • Terms and conditions apply.
Additional Info
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