RAKvantage Account | MoneyCamel

RAK Bank

RAKvantage Account

CAMEL VIEW
  • No Minimum Balance & No Maintenance fee.
  • Unlimited Free Chequebooks & drawings.
  • No interest for balance below AED 10,000/ USD 250,000.
  • Accounts not activated within 30 days of receiving the SMS (through Click & collect) will be closed.
FEATURES
Interest/Profit Rate 
1.25 % p.a.
Average Balance 
AED 3,000
Free Monthly Transactions 
Unlimited
Free Internet Access 
Yes
Bill Payment Facility 
Yes
Phone Banking Facility 
Yes
Interest Bearing Account 
Yes
Multiple Currency 
AED, USD
Funds Transfer Facility 
Yes
No. of debit transactions allowed 
Unlimited
Cheque book Facility 
Yes
Free Cheques 
Yes
FEES & CHARGES
ADDITIONAL INFORMATION

You can also open the account online through "Click & Collect".

Benefits 

You can earn up to 1.25% interest (for AED accounts) and 0.75% (for USD accounts). Interest rates are tiered, for AED accounts you can earn 0.25% for balances from AED 10,000-50,000 going up to 1.25% for balances from AED 5-25 Million.

Other Benefits & Conditions 

Get unlimited Free chequebooks & drawings. You can also make bill payments and account transfers through RAKdirect - 24 hour telephone banking service.

Fine Print 

The minimum average monthly balance is AED 3,000/ USD 10,000. If this balance is not maintained, a fee of AED 25/ USD 25 will be levied. You don't earn any interest for balances below AED 10,000 or USD 250,000.

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