Current Account (Non Individual)

Current Deposits product is ideal for Business firm, companies, institutions and other corporate bodies etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers

  • Key Features
  • Eligibility
  • Charges
  • Apply Online

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.

Apply Online

Occupation Details

Bank Account Details

References

 
 

Application Form