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