CBD
Savings and Deposits Accounts

Applicable for all type of companies with annual sales turnover up to AED 40 Million.

• National ID or valid passport with UAE residence visa and Emirates ID of all signing authorities and shareholders, if applicable
• Valid legal and constitutive documents (i.e. Trade License, Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Memorandum of Association, Partnership Agreement) as applicable
• Power of Attorney or Board Resolution, if applicable
• Proof of Address, Details of Ultimate Beneficial Owners, Bank Reference Letter and Company Profile, if applicable
• No requirement for audited financial statements

• Feature-rich business bank account
• No account maintenance fees providing minimum monthly balance of just AED25,000 is maintained
• Available in both Conventional and Islamic Savings Account with competitive interest / profit paid out rates
• Interest / Profit Rates are paid out semi-annual basis based on Minimum Monthly Balance during last 6 months
• Choice of 6 account currency denominations 
• Branch-based client relationship management
• Access to Business Banking Zones and fast track Business Banking tellers
• Free online banking account enquiry service, with the option to upgrade to a comprehensive interactive online banking service
• Free mobile banking service, Free SMS transaction alerts, Dedicated Business Banking call Centre, Dedicated self-service phone banking
• Competitive rates on money transfers, remittances and foreign currency exchange
• Preferential pricing on a range of additional business banking and insurance products and services
• Optional WPS salary processing service
• Access to website-based business advisory services and business planning toolkits through Resource Centre.