RAKBANK

RAKBANK offers a Business Current Account in dirhams and in major foreign currencies. The bank runs a Business Banking contact centre and a dedicated e-mail channel for corporate enquiries, which makes a first approach straightforward.

Account

The account type listed is the Business Current Account. The currencies are AED, USD, EUR and GBP, so a company can hold balances in the local currency and in the three most widely used international ones. This is relevant to firms that invoice abroad or pay suppliers in dollars, euros or pounds.

Services

The service is described simply as business bank accounts for businesses. The material gives no detail on cards, online banking, trade finance or payment channels, and these should be asked about during the first conversation with the bank.

Who it suits

Companies in the United Arab Emirates that want a standard current account with multi-currency capability. Minimum balances, monthly charges, opening requirements and transaction limits are not published in the summary and need to be confirmed with RAKBANK before an application.