Speedy Service
RAKBANK specializes in speed and efficiency. Once a customer, be assured of the most superior experience offered by their advisors.
Personalised Care
With a Business Current Account you’ll be assigned a Dedicated Relationship Manager to manage and fulfil all your needs.
Rich Solutions
Select from a suite of business services ranging from transfers, value programs and more while enjoying a high interest rate!
Q) What is the eligibility criteria to be a RAKBANK Business Customer?
A) As due diligence, RAKBANK Business requires a series of documents and details of all of the business’s stakeholders to measure and evaluate the customer meeting the internal criteria. Please note that business account, financial products and other solutions offered by RAKBANK would be based on customers meeting the internal criteria and would be sanctioned at the sole discretion of RAKBANK.
Q) What documents are required to open a Business Current Account in RAKBANK?
A) The following list of required documents include but are not limited to:
- Trade License and Certificate of Incorporation.
- Memorandum of Association.
- Passport, EID & Visa copy of the signatories and Share Certificate.
- 6-Month bank statement of existing account or alternatively a 6-month personal bank statement of the signatories.
- Detailed Company Profile along with line of business going to conduct.
Q) How does RAKBANK being a member in the UAE Banking Federation be beneficial for my business?
A) RAKBANK is proud to be a member of the UAE Banking Federation (UBF) and as such, in accordance with the UBF Customer Charter, RAKBANK promotes trust and best practices across the financial services industry, providing their customers with clear guidelines about the high standard of service they can expect.
Q) How many branches does RAKBANK have?
A) RAKBANK is everywhere you need them to be! It has 27 branches all across the UAE. Furthermore, you will also be able to access your Business Current Account 24/7, 365 days a year through their Digital Banking Platforms.
5. What are the benefits of opening a Business Current Account in RAKBANK?
Plenty! RAKBANK Business Accounts are attractive interest-bearing accounts with a vast array of benefits, being as per the following:
- No monthly maintenance fee for accounts opened through Etisalat Hello Business Hub
- Dedicated Relationship Manager
- Earn attractive interest
- Accounts denominated in Dirham, US Dollar, Pound Sterling or Euro.
- Access to all business financing products.
- Dedicated Business App offering all essential Business Banking services for SME’s on the go.
Customers may also enrol for RAKvalue to enjoy integrated cloud-based accounting software services and many more banking and non-banking benefits such as:
- Unlimited Cheque Book facility
- Competitive Foreign Exchange and Trade Finance rates
- Competitive rate of interest on Fixed Deposits
- 24-hour phone banking service
- Access to Digital marketplace
Q) What are the other Business Banking offerings by RAKBANK?
A) RAKBANK Business offers business loans, POS finance, asset-backed finance, real estate finance, working capital finance, trade finance, cash management services and much more. For more information, we advise you to book an appointment with an expert.
