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Current Account (Non-Individual)

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

Key features
Documents Required
Charges

Current Account (Non-Individual) : Key features

Current accounts to suit to the requirement of the business, trading, companies, institutions and other corporate bodies.
Accounts for Limited Liability Companies (LLC) / Establishment, Free Zone Companies / Establishments, Professional, Partnership and Personal
A/c can be opened in AED, USD, GBP and EUR.
Minimum Balance AED 10,000(MAB); for other currencies 1000 (MAB)
There is no restriction on no. of transactions.
Cheque Book Facility available
Monthly consolidated statement through email - free of charge
Internet banking facility available.

Current Account (Non-Individual) : Documents Required

Copy of Trade License, Chamber of Commerce & Economic Dept Registration.
Copy of MOA and AOA. (In case documents in Arabic, then English translation of all documents).
Self attested copy of Passport, Visa and Emirates ID/Pan card of all partners.
Copy of Tenancy Contract with Ejari.
One recent color Passport size photograph of the authorized signatory.
Board resolution for opening of account with BOB as per format given in the account opening form.
Bank’s account statement for last 6 months for existing company.
Resident Tenancy contract copy.
In case of subsidiary/Branch office of the foreign company, duly legalized and consularized Board Resolution of the parent company for setting up Subsidiary/Branch office at UAE.
MOA and AOA of the parent Company.
Share holding pattern/Share certificate of the parent company.
NOC from Sponsor, In case sponsor name different on VISA.
original of all the documents for verification.
Submit AECB report for account opening.
1 year vat returns/2 years audited balance sheet
Company Seal/Stamp.