Current Account (Non Individual)

Key Features

• Current accounts, particularly to suit to the requirement of the business, trading, companies, institutions and other corporate bodies. There is no restriction in no. of transactions.
• Accounts for Limited Liability Companies (LLC)/ Establishment, Free Zone Companies / Establishments, Offshore companies, Professional, Partnership and Personal
• Minimum Balance AED 7500 daily basis, For BVI companies AED 25,000/- or its equivalent.
• A/c can be opened in AED, USD, GBP and EUR. For A/cs other than BVI companies, minimum balance in the A/cs for all currencies put together should not fall below AED 10000/- or its equivalent.
• Cheque Book Facility available
• Mailing of statement of accounts whenever transactions take place and monthly consolidated statement through email - free of charge
• No Cheque Book facility will be provided. Only Bank to Bank transfers will be offered
• Free online internet banking facility (View based only)
• All relevant documents to be produced in original for verification

Eligibility

• Duly filled application for with signature card
• Copy of registration with economic department
• Share certificates
• Original Trade License and a photocopy of the same
• Original Passport with photocopies of all relevant pages of the director/s/authorised signatories with residence Visa Copy
• Chamber of Commerce Registration
• Free Zone Registration
• Labor Agreement( Personal Current Account)
• Copy of the Memorandum and Article of Association along with all amendments
• LLC Agreement
• Certified copy of the board of directors resolution regarding conduct of the account along with signatures of the authorized signatories as per the format printed in the application form
• Introduction of the Business Account holder
• Two recent size photograph of the director/s/person
• Copy Of Tenancy Contract
• Bank account statement of existing A/c - if coporate maintains account with other Bank
• Original documents to be produced for verification
• All A/cs are opened based on KYC guidelines as prescribed by the Central Bank of UAE
• In case of overseas companies incorporated abroad following documents are to be notarized in country of incorporation & legalized by UAE Govt./Consulate

Charges

• As applicable from time to time, please refer Service charges guidelines separately or click Service charges to see more details.

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