RAKBANK Current Account
- You get monthly account statements detailing all your transactions.
- Accounts not activated within 30 days of receiving the SMS (through Click & collect) will be closed.
A salary transfer letter is required as additional documentation for customers opening the account for salary transfer purpose.
This current account can be opened by both individuals and companies. The minimum monthly balance is AED 3,000 for individuals and AED 20,000 for companies.
Individuals can apply for the current account online through "Click and Collect".
AED 25 per month is charged for non-maintenance of minimum balance for accounts of companies and AED 100 per month for accounts of companies.