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MINIMUM BALANCE

AED 3000.00

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • You can choose the currency for your Current Account
  • Get a Cheque book for AED account
  • Free Debit Card

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 2.00

Transaction Charges Abroad

ATM2.00

Non-Bank ATM20.00

Interest/Return

Nil

Minimum Balance

AED 3000.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 25.00

Features

  • RAKBANK’s Current Bank Account with a low minimum balance, and a choice of local and international currencies, makes it an attractive option.
  • Dirham, US Dollar, Euro or Pound Sterling – you choose the currency for your Current Account. Other currencies may be approved upon request
  • Get a Cheque book for AED account
  • FREE Debit Card, which gives you 24/7 global access through any MasterCard ATM
  • Monthly current account statements detailing all transactions
  • Debit Card
  • Enjoy interest rates of up to 1.00% p.a.
  • No minimum Account Balance or Account Maintenance Charges
  • AED or USD Online Savings Accounts

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 0.00

Transaction Charges Abroad

ATM0.00

Non-Bank ATM0.00

Interest/Return

1.00 %

Minimum Balance

AED 0.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 0.00

Features

  • Enjoy interest rates of up to 1.00% p.a. (Effective 10th Aug 2020: 0.50% p.a.) for AED and up to 0.60% p.a. (Effective 10th Aug 2020: 0.25% p.a.) for USD at your F@st S@ver savings account in UAE
  • 1 withdrawal and/or 5 Utility
  • / RAKBANK Credit Card payments allowed per month
  • No minimum Account Balance or Account Maintenance Charges
  • No cap on maximum account balance on which interest can be earned for AED F@st S@ver Accounts
  • AED or USD Online Savings Accounts – you decide
  • Interest for your Savings Account calculated every day, paid every month

MINIMUM BALANCE

AED 3000.00

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Free Debit Card
  • Monthly account statement clearly detailing all transactions

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 2.00

Transaction Charges Abroad

ATM2.00

Non-Bank ATM20.00

Interest/Return

0.25 %

Minimum Balance

AED 3000.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 25.00

Features

  • RAKsave is an interest bearing savings account, minors can have an account too. It has a low minimum balance requirement
  • , interest payout

  • and these other great features:
  • Free Debit Card


  • to access your savings account through any ATM in the UAE
  • Instant account access so you can pay your bills or conduct account transfers through RAKdirect our 24-hour telephone banking service
  • Monthly account statements clearly detailing all transactions.
  • Cheque Book
  • Debit Card
  • Dedicated Relationship Manager
  • Internet Banking
  • Preferential exchange rates on US $, Euro & GBP currencies
  • Fast Track Processing of all your banking requests
  • Enhanced daily withdrawal limits of AED 30,000

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 0.00

Transaction Charges Abroad

ATM0.00

Non-Bank ATM0.00

Interest/Return

0.25 %

Minimum Balance

AED 0.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 0.00

Features

  • A dedicated RAKBANK Elite Relationship Manager for all your banking & Investment needs
  • Preferential exchange rates on US Dollar, Euro & GBP currencies
  • Exclusive RAKBANK Elite Service Centres
  • Golf Course access
  • Valet Services
  • Dedicated RAKBANK Elite counters across most of our branches
  • Fast Track Processing of all your banking requests
  • Enhanced daily withdrawal limits of AED 30,000 on your RAKBANK Elite Platinum Mastercard® Debit Card
  • As a RAKBANK Elite customer you are also eligible for the premium RAKBANK World Credit Card
  • Utility bill payments made easy:
  • You can pay your Etisalat (GSM, Landline, Al Shamil, Dialup, e-life, Wasel Recharge and Wasel Renewal), DEWA, Du, Prepaid Card and Salik services with your RAKBANK Elite Platinum Mastercard® Debit Card by calling 800 40 48.
  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 0.00

Transaction Charges Abroad

ATM0.00

Non-Bank ATM0.00

Interest/Return

Nil

Minimum Balance

AED 0.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 0.00

Features

  • Banking Benefits:
  • 1 Cheque Book (25 Leaves) per month (available only to AED Current Account)
  • Cash Withdrawals every month from any non-RAKBANK ATM (located in the UAE)
  • 2 Internal Standing Orders per month
  • 1 International Remittance through SWIFT per month (waiver of RAKBANK charges only)
  • 1 Manager’s Cheque/ Demand Draft per month
  • No Minimum Balance required
  • Insurance Benefits:
  • Motor Takaful Discount of AED 100


  • Life Takaful Cover (AED)
  • Secure Wallet cover (up to AED 10,000)
  • Travel Takaful Benefit With Worldwide Cover For You and Your Family



  • Car value to be greater than or equal to AED 75,000
  • Lifestyle Benefits:
  • Complimentary International Motoring Company (IMC) Roadside Assistance and Concierge Services

  • RAKvalue Offers

MINIMUM BALANCE

AED 3000.00

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • You can choose the currency for your Savings Account
  • Free Debit Card
  • Transfer funds between your accounts easily

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 2.00

Transaction Charges Abroad

ATM2.00

Non-Bank ATM0.00

Interest/Return

1.00 %

Minimum Balance

AED 3000.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 25.00

Features

  • RAKBANK’s Savings Account offers you highly competitive interest rates, and credits interest to your account every six months.
  • Dirham, US Dollar, Euro or Pound Sterling – you choose the currency for your Savings Account. Other currencies may be approved upon request
  • FREE Debit Card.
  • Get access to your savings account 24 hours, 7 days a week through any ATM in the UAE
  • Unlimited access to your savingsGet monthly, quarterly or bi-annual statements with your Savings Account. If Debit Card option is selected, monthly statements are issued by default
  • Transfer funds between your accounts easily and conveniently

MINIMUM SALARY

AED 5000.00

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Current account with no minimum balance requirement
  • One cheque book free / month
  • Free Debit Card

Transaction Charges in UAE

ATM 0.00

Non-Bank ATM 0.00

Transaction Charges Abroad

ATM0.00

Non-Bank ATM0.00

Interest/Return

Nil

Minimum Balance

AED 0.00

Minimum Deposit

AED 0.00

Monthly Min Balance Fee

AED 0.00

Features

  • Current account with no minimum balance requirement
  • One cheque book free / month
  • FREE Debit Card, which gives you 24/7 global access through any Mastercard ATM
  • Free for life Credit Card based on eligibility
  • Unlimited free domestic remittances through Digital Banking
  • One free swift international remittance per month through Digital Banking. RAKMoneyTransfer is excluded
  • Up to 3* Free Non-RAKBANK ATM Cash withdrawals per month
  • Number of Free Non-RAKBANK ATM cash withdrawals will be as per below segments.

FAQs